nice news
Posted: Tue Dec 16, 2008 9:52 pm
Madison and Detroit Avenues in Lakewood see rise in retail occupancy
Posted by kspirgen December 16, 2008 15:25PM
Categories: Breaking News
Both Detroit and Madison Avenues have seen fewer empty storefronts in recent months thanks to an influx of new retail businesses.
According to a quarterly report from the city's department of planning and development, 87 percent of storefronts on Detroit Avenue are currently occupied and 82 percent of those on Madison Avenue are in use, a three percent increase for the second consecutive quarter.
"We want to have a full retail presence on the street from 9 to 5 and 5 to 9 after people get out of work," said Nathan Kelly, city director of planning and development, adding that the city's night life is already vibrant. "We want retail besides just lunch and dinner so we're looking for services and retail, and making sure we're targeting the right price range and the appropriate demographic."
Lakewood's population of young adults aged 24 to 30 is one of the largest in the state which is attractive to businesses looking for populations with disposable income, as is the city's high overall population density, 51,000 residents in 5.6 miles.
According to Mary Anne Crampton,executive director of LakewoodAlive, the city is also looking to enhance the mix of retail services from national, regional, local and independent companies throughout Lakewood, but especially in the downtown area.
"We're doing a better job of getting the city out there," Crampton said. "We're building on the assets that we already have."
Posted by kspirgen December 16, 2008 15:25PM
Categories: Breaking News
Both Detroit and Madison Avenues have seen fewer empty storefronts in recent months thanks to an influx of new retail businesses.
According to a quarterly report from the city's department of planning and development, 87 percent of storefronts on Detroit Avenue are currently occupied and 82 percent of those on Madison Avenue are in use, a three percent increase for the second consecutive quarter.
"We want to have a full retail presence on the street from 9 to 5 and 5 to 9 after people get out of work," said Nathan Kelly, city director of planning and development, adding that the city's night life is already vibrant. "We want retail besides just lunch and dinner so we're looking for services and retail, and making sure we're targeting the right price range and the appropriate demographic."
Lakewood's population of young adults aged 24 to 30 is one of the largest in the state which is attractive to businesses looking for populations with disposable income, as is the city's high overall population density, 51,000 residents in 5.6 miles.
According to Mary Anne Crampton,executive director of LakewoodAlive, the city is also looking to enhance the mix of retail services from national, regional, local and independent companies throughout Lakewood, but especially in the downtown area.
"We're doing a better job of getting the city out there," Crampton said. "We're building on the assets that we already have."