View
4
Download
0
Category
Preview:
Citation preview
TWIN
CREEKS PLATTE COUNTY EDC PRESENTATION: AUGUST 12, 2013
ERNEST WASSMANN / DAVID MATTHEWS
•
•
•
HISTORY
TWIN CREEKS
For Task Force
• Recoup Costs of Sewers
• Competitive Advantage for City
• Economic Development
Deliverables to Task Force by EHW
• Understanding Demand
• Evaluate the Competition
• Understand Price/Value
OBJECTIVES / SUCCESS
1996 2006
TWIN CREEKS
SEWERS – WATER - ROADS THE LAST PIECE OF THE INFRASTRUCTURE FRAMEWORK
Existing Todd Creek Treatment
Facility
Second Creek Watershed +/- 9,900
Acres
First Creek Watershed +/- 4,600
Acres
ZONA ROSA
TIFFANY
MARKETCENTER
SHOPS
AT
BOARDWALK
BARRY
TOWNE
METRO
NORTH
MALL
Providing action-oriented answers to market-related questions that arise in the residential construction industry.
Covering the real estate landscape throughout the U.S., our services encompass:
Strategic Planning
Master-Planned, Golf Course, Resort, and Traditional Neighborhood Development
Urban and Infill Development
Work-Out Programs
Apartment and Mixed-Use Development
Affordable and Subsidized Housing
Student Housing
Municipal, County, and Regional Applications
Active Adult, Age-Targeted, Senior, Congregate Care, and Continuing Care Communities
Highest and Best-Use Analyses
Second-Home and Seasonal Development
Custom Home and Luxury Communities
Go To: E-Mail: Call:
www.tcrossinc.com Tracy Cross: tcross@tcrossinc.com 847-925-5400 Erik Doersching edoersching@tcrossinc.com HollyAnn Eageny heageny@tcrossinc.com
TRACY CROSS & ASSOCIATES, INC.
For more information
Clay
County
Wyandotte
Co.
Platte
Co.
Johnson
County
Jackson
County
Cass
County
Kansas Missouri
Kansas City, MO-KS MSA
Kansas City Primary Market
Area
0
200
400
600
800
1000
1200
1400
New Single Family Home Sales
US Long Term Trends
Total Sales (000s)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
1
2 3
4
5
6 7 8
9 10
11 12
13 14
*Seasonally adjusted, annualized rate YTD June Source: U.S. Bureau of the Census: Construction Reports, Series C-25
-8,000.0
-7,000.0
-6,000.0
-5,000.0
-4,000.0
-3,000.0
-2,000.0
-1,000.0
0.0
1,000.0
2,000.0
3,000.0
4,000.0
5,000.0
6,000.0
-56,000
-49,000
-42,000
-35,000
-28,000
-21,000
-14,000
-7,000
0
7,000
14,000
21,000
28,000
35,000
42,000
Kansas City-MO KS MSA U.S.
U.S. (000s)
(1) Through June 2013.
Source: U.S. Department of Labor, Bureau of Labor Statistics
Kansas City, MO-KS MSA
TWIN CREEKS
• 130,000 persons (43,000 – 52,000 households)
• Gladstone = 28,000 persons
• First and Second Creek Watershed is
2.6 times the size of Gladstone
(based upon KCIA Area Plan projected Land Use Densities)
• 75,000 persons (25,000 – 37,500
households)
(based upon 5 persons per acre)
SUCCESS OF KANSAS CITY DEFINED AS
INCREASE IN POPULATION INFRASTRUCTURE
5,400 100.0 $287,000
324 6.0 250,500
1,021 18.9 258,900
945 17.5 264,700
589 10.9 300,130
2,300 42.6 339,500
221 4.1 184,500
(1)
Source: Tracy Cross & Associates, Inc.
Wyandotte County, KS
Presented in current dollars.
Total Kansas City PMA
Cass County, MO
Clay County, MO
Jackson County, MO
Platte County, MO
Johnson County, KS
Number Percent Median
County of Units of PMA Sales Price(1)
Annual Absorption Potentials
2013 - 2018
SUCCESS OF PLATTE COUNTY DEFINED AS
INCREASE IN POPULATION PENETRATION
FOR SALE DEMAND POTENTIALS
BY PRICE RANGE, KANSAS CITY PMA
1,080 20.0 20.0
918 17.0 37.0
972 18.0 55.0
702 13.0 68.0
540 10.0 78.0
378 7.0 85.0
270 5.0 90.0
216 4.0 94.0
81 1.5 95.5
54 1.0 96.5
27 0.5 97.0
27 0.5 97.5
135 2.5 100.0
5,400 100.0 ---
--- ---
Source: Tracy Cross & Associates, Inc.
Total
Median $287,000
(1) Presented in current dollars.
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 749,999
750,000 and Over
500,000 - 549,999
Price Range(1)
2013 - 2018 Percent Percent
Under $200,000
200,000 - 249,999
250,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
Number
of Units Cumulative
Annual
REQUIREMENTS FOR INCREASED MARKET SHARE
•
•
IN OTHER WORDS,
•
•
UNDERSTANDING VALUE
•
•
•
•
•
SUCCESS DEFINED AS
PLATTE + CLAY = JOHNSON COUNTY
•
•
•
DISCUSSION?
THANK YOU!!
Recommended