Miami Street Commercial Corridor Action Plan 2000

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corridor could support roughly 30 low volume stores.' Since the most desirable mix would include a few high volume stores and/or restaurants, today's Miami Street Corridor would probably seem successful with approximately 20thriving businesses. Since our analysis revealed over 35 retail spaces, it will be important for Miami Street to attract services and offices that will. fill commercial spaces providing customers and rent to support property improvement. It will be important for Miami Street businesses to pull customers from areas beyond the nearby neighborhoods, a larger total trader area. Attractions like St. Matthew's Cathedral, the library and schools, and a location near both downtown and the popular Farmer's Market provide great exposure to customers from more distant areas. The Action Plan that follows will identify tactics for Miami Street businesses to appeal to this broader market. ' $5,000,000/$300,00W (neighborhood customer are only 50% of sales)=33 stores Miami Street Commercial Corridor Revitalization Action Plan December 2000 Page 6