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LOCMarket Analysis for Downtown Redevelopment <br />CONSULTINGCity of Centerville Economic Development Authority <br />April 3, 2023 <br />SeniorHousing Trends..............................................................................................................................................................51 <br />SeniorHousing in the PMA......................................................................................................................................................53 <br />Pending Multifamily Housing Developments in the Downtown Centerville PMA.........................................59 <br />Interviews.......................................................................................................................................................................................60 <br />4. Retail Market Analysis..........................................................................................................................................62 <br />KeyRetail Trends........................................................................................................................................................................62 <br />Retail Overview in the Downtown Centerville PMA....................................................................................................63 <br />Market Conditions for Retail Commercial Real Estate in the Metro Area..........................................................66 <br />Market Conditions for Retail Commercial Real Estate in the Downtown Centerville PMA........................68 <br />Profiled Shopping Centers in the Downtown Centerville PMA...............................................................................68 <br />Pending Retail Developments in the Downtown Centerville PMA........................................................................68 <br />Interviews.......................................................................................................................................................................................72 <br />S. Mixed -Use Analysis................................................................................................................................................74 <br />Profiled Mixed -Use Multifamily Properties in the Downtown Centerville PMA.............................................74 <br />Interviews.......................................................................................................................................................................................75 <br />6. Informal Community Survey..............................................................................................................................80 <br />SurveyParticipants.....................................................................................................................................................................80 <br />HousingQuestions......................................................................................................................................................................81 <br />Restaurant and Retail Questions..........................................................................................................................................82 <br />DowntownVision Question....................................................................................................................................................82 <br />7. Findings and Recommendations.......................................................................................................................86 <br />ResidentialDemand Estimates..............................................................................................................................................86 <br />RetailSpace Demand Estimates............................................................................................................................................88 <br />Demandin 2028 and Beyond.................................................................................................................................................89 <br />Recommendations.......................................................................................................................................................................89 <br />Appendix.................................................................................................................................................................................... 91 <br />DemandCalculations.................................................................................................................................................................91 <br />Informal Community Survey Questionnaire................................................................................................................100 <br />Page 2 <br />