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6B (3)
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08-09-11 Packet
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6B (3)
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11/1/2012 2:03:29 PM
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8/5/2011 11:29:14 AM
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�� Commun'ity1D <br />Selecting South Bend's Retail Site <br />To begin the CommunityID process, the City of South Bend selected 2 sites to be <br />analyzed for possible retail development or revitalization. The locations of the two <br />sites are shown on the opposite page. <br />Buxton has examined the retail potential of the two sites based on the following <br />analyses: <br />• A primary, 10 minute drive -time trade area was delineated for Sites 1 and 2 <br />• To better understand the downtown dynamic of Site 1, other, secondary trade <br />areas of 2, 15, and 20 minutes were delineated <br />• A profile of South Bend's customers within each of the trade areas was <br />developed <br />• The surplus and leakage for 11 major store types and 49 minor store types <br />were determined for the trade area s <br />The purpose of these analyses is to develop South Bend's Customer Profile. The <br />Customer Profile is a snapshot of the customers that reside in South Bend's trade <br />area. Even though these consumers are complex and diverse, Buxton is able to <br />capture and catalogue the extent to which potential demand for a retailer's goods <br />and services are being met within the trade area. <br />By overlaying South Bend's Customer Profile with over 4,500 retail matching <br />profiles in Buxton's proprietary database, we are able to identify major categories of <br />retail that are candidates for location in South Bend. This matching provides the <br />basis for determining South Bend's viability to attract retailers and restaurants and <br />forms the basis for Buxton's recommendations and conclusions. <br />With this analysis and Buxton's recommendations, South Bend can make a more <br />informed decision about investments in infrastructure and can focus resources on <br />areas of higher retail development potential. <br />1 <br />
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