The idea that small projects can have a big impact on commercial corridor revitalization is not new. The concept in real estate is well established (“Small Renovations, Big Payoff”, NYT 4/24/15). It is pretty widely known that small upgrades like a new kitchen counter top and new cabinet fronts, offer a greater rate of return than a wholesale kitchen replacement. In fact, Remodeling magazine found that a minor kitchen remodel recoups 84% for the owner, but a major renovation with top of the line appliances recoups 69%.
|300 Block of East Girard: Before…cars would zoom
by without noticing the one occupied storefront.
|After, new signage, catchy colors, and
new storefronts create a vibrant node of business activity.
|An “interactive fence” serves as temporary exhibit space for
businesses – and has even served as the backdrop for concerts!