ROSE & ASSOCIATES
Analysis, Strategy & Implementation
- Land Use Strategy
- Real Estate Market
- Economic Development
- Asset/Property Management
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Holbrooks Road Study Completed
The Technical Assistance Panel (TAP) report for the Holbrooks Road Study was finished in the fall. The TAP program is offered by ULI Charlotte to provide local municipalities and community-based nonprofits objective and responsible advice on land-use planning, development and redevelopment issues. Kathleen Rose chaired the panel, which studied potential land uses and economic viability of the site. Read the report
here.
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Articles & Speaking Engagements
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Kathleen Rose leads Focus Friday Discussion
Kathleen Rose was honored to lead the May 18th Focus Friday discussion for the Lake Norman Chamber of Commerce.
Focus Friday is a public policy program that examines community and legislative issues from multiple perspectives. The topic was: Workspace 2020/
Attracting Talent: New environments including co-working space and office design, meant to attract Millennial talent.
Rose with attendees at Lake Norman Chamber of Commerce's Focus Friday discussion.
Kathleen Rose Addresses Innovation Lab at Wingate University
Kathleen Rose spoke about addressing community through space and place at Wingate's two-day I
nnovation Lab retreat in January. Rose enjoyed meeting trustees, alumni and professors at the conference and sharing the podium with the knowledgable, innovative and inspirational cadre of professional speakers.
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Burlington, NC
The Renew Maple Avenue corridor plan is in the final stages. Catalyst sites and uses have been identified.
NC54W - Given how lines are blurring between the eastern edge of the Triad and the western edge of the Triangle, our focus while working with VHB on the transportation plan for the N.C. 54 West corridor has been on both preservation and growth. As the region strives to keep what's special and unique while accommodating growth pressures throughout the region.
If you are traveling along the N.C. 54 West corridor this summer be sure to enjoy some of the recreational amenities offered along the Haw River Trail. Cool off at a country store that serves farm-to-cone ice cream - look for Maple View Ice Cream. Finally, try Hidden Lake Campground off N.C. 54, a great spot for family fun.
Rolesville, NC - In conjunction with Stantec, Rose & Associates assisted with the Main Street Vision Plan in Rolesville, N.C. Coupled with our market analysis work, the Rose Team also assisted the town in developing an economic development strategic plan for the community, with Main Street as its centerpiece.
Lake Norman Area
The Lake Norman region continues to experience explosive growth. Poised to benefit from that growth are Huntersville and Mooresville, with the Rose team assisting with projects in downtown Huntersville and analysis surrounding public financing related to Langtree at exit 31.
For more information or a free consultation on how we can assist transform your project or community, contact us.
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Summer has arrived and we at Rose & Associates SE, Inc. hope everyone is able to take a moment this season to get outside and recharge. Whether visiting the beach, the foothills or the mountains, we hope you will travel safely and enjoy all that the Carolinas has to offer. Tourism continues to flourish here, bringing jobs and revenue to local economies.
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Reinventing office and retail
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| The office and retail sectors are reinventing themselves in the face of changing consumer habits and preferences. |
Changing dynamics in how people work and shop means big change ahead for the office and retail sectors.
The amount of retail space closing this year is on a record-breaking pace, CoStar Group recently reported. Stores with massive floor plans, in particular, are suffering, evidenced by the struggles reported by well-known names such as Toys R Us and Sears. The office sector, meanwhile, must respond as companies use more virtual workers and embrace co-working environments. The result is office and retail will need to reinvent themselves.
The good news is developers, owners, brokers and property managers are discovering new uses for retail, ranging from food to business, education, health and medical care. One example in North Carolina includes the transition of retail space in South Main Square in Davidson to a PostNet, with their new "creative café" model, offering workspace and business design services surrounded by restaurants and lifestyle operators.
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PostNet illustrates the creative cafe model, offering workspace, business services and proximity to restaurants.
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In Alamance County, Rose Associates is assisting the Toole Design Group with the transformation of the Maple Avenue corridor. The Renew Maple Avenue project contemplates adaptive reuse of the former Burlington Manufacturer's Outlet Center (BMOC) into a mixed-use campus, targeting employment (office/flex) and education (Alamance Community College is the current anchor).
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| In Alamance County, the former Burlington Manufacturer's Outlet Center is considering conversion into a mixed-use campus. |
In the office sector, the idea of co-working is gaining fans.
Co-working space was responsible for about 30 percent of the office market absorption nationally last year, according to JLL. A study by WeWork suggests that co-working space brings new people, businesses and economic activity to communities - including downtowns and distressed corridors - at an economic multiplier of 2x. The explosion of WeWork and other co-working spaces, however, poses dilemmas for the real estate and finance sector. This model is based upon memberships with flexible commitments. While the co-working entity may master lease or own its space, the issue of finance and valuation transitions the concept from a real estate to an operational business model, similar to other sectors such as hotels. This requires special skills in understanding the nuances of this evolving product.
How will you reposition your retail or office real estate? We can help.
Contact us for a free consultation.
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Welcome Jan Black, Experiential Tourism & Place-making Specialist
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| Jan Black |
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Rose & Associates is pleased to welcome Jan Black, who has joined the firm as an Experiential Tourism & Place-making Specialist. Jan joins the Rose Team with duel master's degrees in marketing & tourism. She has worked in experiential tourism for more than 25 years, seamlessly encouraging business and personal travelers to participate in activities, interact with locals and immerse themselves in the region's heritage, nature, culture and character. Jan has collaborated with projects using N.C. Commerce Small Town Main Street and N.C. Rural Center STEP programs and processes to embrace small town values, historic character, scenic beauty and creative placemaking initiatives as an integral part the development and growth process. Jan's role includes experiential place-making, tourism & marketing. Contact Jan at [email protected].
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