Mike Horner, Future of Town Centres

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Information about Mike Horner, Future of Town Centres
Real Estate

Published on December 10, 2013

Author: PlaceNorthWest

Source: slideshare.net

Description

Regional director of Muse Developments, active in many town and city centres in the North West, spells out the lessons learned from developing in today's market

A developer’s perspective Mike Horner Regional Director Muse Developments

> Town centres today > Thriving town centres of tomorrow? > Challenges facing developers > Some current Muse solutions

What are town centres for? Retail Not just a High Street > Complex multi-use places Cultural Facilities Offices & Commercial Professional Services Town Centre Leisure & Entertainment Public Services Residential

Town centre jobs Town centres are leaking jobs

Town centre jobs Medium and small towns are fighting a losing battle

Spheres of influence Cities taking over > TTWA > Retail catchments > Tiers 1 & 2 getting larger > Tiers 4 & 5 getting smaller!

Town centres suffering > Too much competition (retail, commercial and residential) > Business rates too high > Retailers going to the wall > Office space being rationalised > Budgets being cut > Planning policy too weak

And it’s not going to get any easier ... The reasons: > Economy struggling/ fragile > Changing retail habits > Businesses going global/ clustering > Changing social habits > Ageing population > Footfall dropping

Which town centres are going to be successful? > A clear vision and a viable masterplan

Which town centres are going to be successful? > A clear vision and a viable masterplan > A comprehensive mix of uses

Which town centres are going to be successful? > A clear vision and a viable masterplan > A comprehensive mix of uses > Provision for motorists

Which town centres are going to be successful? > A clear vision and a viable masterplan > A comprehensive mix of uses > Provision for motorists > Public transport connections

Which town centres are going to be successful? > A clear vision and a viable masterplan > A comprehensive mix of uses > Provision for motorists > Public transport connections > Interesting spaces/ unique environments

Which town centres are going to be successful? > A clear vision and a viable masterplan > A comprehensive mix of uses > Provision for motorists > Public transport connections > Interesting spaces/ unique environments > An evening economy

Which town centres are going to be successful? > A clear vision and a viable masterplan > A comprehensive mix of uses > Provision for motorists > Public transport connections > Interesting spaces/ unique environments > An evening economy > Proactive/ intensive space management

What are the main problems and challenges facing developers in town centres? > Viability

What are the main problems and challenges facing developers in town centres? > Viability > Funding

What are the main problems and challenges facing developers in town centres? > Viability > Funding

What are the main problems and challenges facing developers in town centres? > Viability > Funding > Occupier demand

What are the main problems and challenges facing developers in town centres? > Viability > Funding > Occupier demand > Fragmented ownership

What are the main problems and challenges facing developers in town centres? > Viability > Funding > Occupier demand > Fragmented ownership > Local authority budget cuts

What are the main problems and challenges facing developers in town centres? > Viability > Funding > Occupier demand > Fragmented ownership > Local authority budget cuts > OJEU procurement process

What are the main problems and challenges facing developers in town centres? > Viability > Funding > Occupier demand > Fragmented ownership > Local authority budget cuts > OJEU procurement process > Politics

A partnership with Talbot Gateway, Blackpool Town centre regeneration with 1.1 million ft2 of development - hotels, offices, a supermarket, retail/ leisure space, car parking and a new transport interchange £175m

A partnership with Talbot Gateway, Blackpool

A partnership with Talbot Gateway, Blackpool Sainsbury’s – 130,000 ft2 gross with 608 parking spaces, under construction

A partnership with Salford Central We are regenerating Salford’s civic and historic centre with over 2 million ft2 of commercial space, 280,000 ft2 of active uses, a hotel and 850 new homes £650m

A partnership with Salford Central Chapel Street (A6) – Salford’s original High Street

A partnership with Salford Central Vimto Gardens – 83 apartments and 14 town houses, under construction

A partnership with Stockport Exchange 370,000 ft2 of offices along with attractive public spaces outside the railway station, improved car parking facilities and a wide range of cafes and shops at ground floor £145m

A partnership with Stockport Exchange 1,000 space multi-storey car park, pre-let to NCP and under construction

A partnership with Stockport Exchange Office buildings, ground floor active uses, hotel and high quality public realm

A partnership with City Place, Chester A new Central Business Quarter offering prime office space and supporting residential in ten buildings on 3.5 acres (planning consent secured) £120m

A partnership with City Place, Chester

A partnership with City Place, Chester

Summary > Town centres facing huge challenges > Residential and mixed-use the way forward > No single funding solution > Clear vision and strong leadership > A couple of thoughts: - Enterprise Zones - Town Centre funding pot A developer’s perspective

A developer’s perspective Mike Horner Regional Director Muse Developments

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