Both the public and private sectors require expertise as they plan for redevelopment and capital investments, develop tenant mix strategies, and establish administrative structures and regulatory systems to enable the effective management of mixed-use places.
The SMAR2T™ approach is an award-winning framework that gives urban decision-makers the information they need to act strategically and make informed investment decisions.
Assess the physical and business environment, and collect demographic and market data
Define your community’s “DNA”, the resources, assets, and characteristics that make it special
Improve the mix of businesses through business retention and attraction.
Drive sustainability of local businesses through marketing and promotion efforts.
Improve the public realm, build density, and enhance privately-owned properties
Implementation requires the capacity to execute and a regulatory and policy framework that enables action. Qualified staff, organizational support, and adaptive regulatory frameworks are a necessary component of a successful commercial district strategy.
Implementation is directly tied to the organizations, leaders and resources available to take action. This also includes regulatory and policy framework that inform land use decisions. Qualified staff, organizational support, and adaptive regulatory frameworks are a necessary component of a successful commercial district strategy.
LOA staff conducts site visits and stakeholder outreach to assess the opportunities and challenges inherent in the existing physical and business environments. This work is followed by a market scan that balances a comprehensive set of data points, including trade area analysis, demographic trends, and retail market analysis.
LOA reviews existing municipal plans and zoning ordinances to determine the role of regulatory and municipal permitting processes in supporting business growth, as well as the degree to which public and private sector partnership are able to play a role in funding or ensuring adequate capacity to support implementation.
Based on the findings of the diagnostic, LOA develops recommendations that address redevelopment strategies for public and private sector improvements, administrative capacity and regulatory strategies to enable successful implementation, improvements to tenant mix, and strategies to drive retail sales, all rooted in an authentic understanding of an urban place’s unique strategic position in the market. The goal is to provide a clear and concise blueprint for action that enables smarter resource allocation, policy and investment decisions.