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City conducting study to strengthen Fulton Street corridor.


The Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North  Development Corporation and the Department of City Planning city planning, process of planning for the improvement of urban centers in order to provide healthy and safe living conditions, efficient transport and communication, adequate public facilities, and aesthetic surroundings.  announced a study to strengthen and enhance the Fulton Street Fulton Street is a common name..

In New York City, the name is frequently associated with Robert Fulton, who invented a steam boat.
  • Fulton Street (Brooklyn)
  • Fulton Street (Manhattan)
  • Fulton Street (New York City Subway) located on either of those streets.
 corridor as an important retail and arts/entertainment destination - stretching from the South Street Seaport The South Street Seaport is a historic area in the New York City borough of Manhattan, located where Fulton Street meets the East River, and adjacent to the Financial District. The Seaport is usually considered a historical district, distinct from the neighboring Financial District.  to the World Financial Center. The study will examine the existing retail, arts and entertainment environment along Fulton Street; analyze the impact of Sept. 11 on this vital commercial strip; and propose a revitalization strategy to strengthen and diversify retail outlets and arts/entertainment venues.

Deputy Mayor for Economic Development and Rebuilding Daniel Doctoroff said, "Our vision for Lower Manhattan's future includes places to shop and eat, open spaces for recreation, and cultural institutions to attract residents and visitors alike to the area. This study of the Fulton Street corridor is an essential next step in our efforts to revitalize the business, retail, arts and entertainment communities, create new jobs and enhance the streetscape street·scape  
n.
1. An artistic representation of a street.

2. Surroundings composed of streets: the urban streetscape. 
 of Downtown."

LMDC LMDC Lower Manhattan Development Corporation (New York City, NY, USA)
LMDC Lake Merritt Dance Center (Oakland, California)
LMDC Logistics Management Development Course
LMDC Laser Motion & Development Company
 president Lou Tomson said, "The LMDC is committed to revitalizing Manhattan south of Houston Street. These studies will help carry out the direction of the governor and mayor to create a vibrant, mixed used community in Lower Manhattan and attract the amenities that make a neighborhood great. Strengthening the retail, arts and entertainment mix on the Fulton Street corridor and creating a variety of housing will bring us closer to a Lower Manhattan that is active both day and night."

Amanda M. Burden, director of the Department of City Planning said, "The Revitalization Strategy which will result from this effort will be crucial to a successful rebuilding plan for Lower Manhattan."

The LMDC and City Planning have issued a Request for Proposals seeking consultants to conduct the study. Responses are due back by 5 p.m. on Oct. 14 and consultant(s) will be selected by Oct. 28. The successful respondent will be asked to complete a detailed report with the following five components:

* Baseline analysis of retail and arts/entertainment environment, including rental rates, store types, and other critical indicators, to provide a baseline for pre-9/11 and post 9/11 conditions

* Retail and arts/entertainment demand study defining primary and secondary catchment areas catchment area or drainage basin, area drained by a stream or other body of water. The limits of a given catchment area are the heights of land—often called drainage divides, or watersheds—separating it from neighboring drainage , consumer preferences, demographics and other factors to identify any unmet demand

* Revitalization strategy for strengthening and diversifying retail outlets and arts/entertainment venues (including cultural uses such as art galleries, jazz clubs This is a list of notable venues where jazz music is played. It includes clubs, dancehalls and historic venues as well. It can or may never satisfy any objective standard for completeness. Revisions and additions of , existing articles are welcome. , etc.) throughout the Fulton Corridor, and possible incentive programs, streetscape enhancements, etc. to attract them.

* Implementation plan detailing projected costs, timeframe, mechanism(s) for carrying out the work, financing strategies, any required regulatory changes, etc.

* Economic impact of the plan, in terms of type and number of retail, arts and entertainment uses likely to be attracted, number of jobs created, increases in tax revenues, etc.

The Request for Proposals is available on LMDC's website, www.RenewNYC.com and on www.LowerManhattan.info. The LMDC and City Planning today also launched a study of the housing market south of Chambers Street Chambers Street is a street in Edinburgh, Scotland, at south of the Old Town. The street is named after William Chambers of Glenormiston, the Lord Provost of Edinburgh who was the main proponent of the 1867 Edinburgh Improvement Act, which gave permission for the street's , and the economic benefit of strengthening downtown's residential base. The housing study Request for Proposals is also available on LMDC's website.
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Article Details
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Title Annotation:New York
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 9, 2002
Words:511
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