Business Park Retail Analysis and Feasibility Plan
The scope of services sought by the Village for this engagement include the following basic components:
Preliminary Feasibility Analysis
1. Retail Analysis:
The Consultant will perform an analysis of the retail feasibility of the study area for retail redevelopment and re-use. This analysis will include demographic and market analysis as well as account for retailer site requirements. If this analysis determines the area is feasible for additional retail redevelopment, it will also identify the type and format of retail redevelopment possible, specific sites for retail redevelopment and the type of retailers that would be drawn to the area. The consultant will also develop a preliminary list of current impediments to such retail redevelopment and public actions if any needed to foster such redevelopment. It is expected this analysis will result in a draft feasibility report.
