Waterdown BIA Commercial Market Analysis
Transcription
Waterdown BIA Commercial Market Analysis
Commercial Market Analysis Downtown Waterdown BIA April 2010 URBAN y MARKETING y COLLABORATIVE y a division of J.C. Williams Group 17 DUNDONALD STREET, 3RD FLOOR, TORONTO, ONTARIO M4Y 1K3. TEL: (416) 929-7690 FAX: (416) 921-4184 e-mail: umc@jcwg.com 350 WEST HUBBARD STREET, SUITE 240, CHICAGO, ILLINOIS 60610. TEL: (312) 673-1254 Commercial Market Analysis Downtown Waterdown BIA Table of Contents Executive Summary .................................................................................................................................. 1 1.0 Introduction ......................................................................................................................................... 4 1.1 Background and Project Information...................................................................................... 4 2.0 Report Format ...................................................................................................................................... 6 3.0 Downtown Waterdown Trade Area Review ................................................................................. 7 3.1 Trade Area Population Characteristics ................................................................................... 9 3.2 Household Expenditure Analysis ......................................................................................... 15 4.0 Retail Commercial Audit ................................................................................................................ 18 4.1 Market Positioning .................................................................................................................. 20 4.2 Façade Improvements and Redevelopments....................................................................... 21 4.3 Pedestrian Volume .................................................................................................................. 27 5.0 Strengths, Weaknesses, Opportunities, and Threats ................................................................. 28 6.0 Vision and Action Item Review..................................................................................................... 34 APPENDICES ....................................................................................................................................... 43 Appendix B Demographic and Household Expenditure Maps URBAN y MARKETING y COLLABORATIVE y a division of J.C. Williams Group 17 DUNDONALD STREET, 3RD FLOOR, TORONTO, ONTARIO M4Y 1K3. TEL: (416) 929-7690 FAX: (416) 921-4184 e-mail: umc@jcwg.com 350 WEST HUBBARD STREET, SUITE 240, CHICAGO, ILLINOIS 60610. TEL: (312) 673-1254 Executive Summary The consulting firm Urban Marketing Collaborative (UMC) was retained by the City of Hamilton in 2002/2003 to undertake a commercial market study of five business districts in the City: Downtown Waterdown BIA, Westdale Village BIA, Concession Street BIA, Downtown Dundas BIA, and Ottawa Street BIA. As a benchmarking exercise and to provide future direction to these five BIAs, the City of Hamilton has invited UMC to return to update these commercial market studies. This report addresses issues specific to Downtown Waterdown BIA. Key Evaluation Metrics The following are key evaluation metrics used to assess the changes for Downtown Waterdown BIA. They include both quantitative and qualitative measures. Measure Retail Mix Retail Merchandise 2002/2003 2009 20% 15% Convenience Goods 32% 30% Food Service 10% 10% Services 27% 31% Vacancy 6% 4% For young families it is appropriate that approximately one-third of the total square footage in Downtown Waterdown is dedicated to convenience based retailing including grocery, specialty food, and health stores. The percent of Downtown that is convenience oriented has stayed relatively consistent. Vacancy had been relatively low and has continued to decrease. There has been a shift from retail merchandise stores to services. While the total square footage of retail merchandise in Downtown Waterdown is lower than expected, it still accounts for over 74,000 sq. ft. During the project, the Walmart Superstore opened and the power centres to the west of the Downtown were furthering their position in the community. While it was acknowledged in the 2002/2003 report that there was significant sales leakage outside of Waterdown to neighbouring communities such as Burlington, there has been a very large increase in the total amount of retail in a very short time frame that Downtown retailers must adjust to quickly. In addition, it is UMC’s understanding that the new developments were not to include smaller retail formats but they are located there now. The small retail formats are more directly competitive with the Downtown. 1 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Measure Value of building permits – commercial (excl. signage) Time Period 2001–2009 YTD $4,455,171 CPIG – façade improvement – total investment 2002–2008 YTD $64,599 Number of participating buildings CPIG 2002–2008 YTD 4 buildings There has been a significant investment in Downtown Waterdown. Since 2001 there has been approximately $4.5 million invested in retail commercial businesses. However, the Downtown Waterdown property owners have not used the CPIG Façade Improvement Program from the City very well. Only four properties have used the program from 2002 to 2008. The City, along with the BIA, acknowledges this issue and is developing new tactics and programs to address it. Vision The key findings that guided the results of the initial market assessment in 2002/2003 remain true in 2009, but are enhanced. Waterdown is still a wonderfully small community that is growing into a more complete community/town. Overall, Downtown Waterdown needs to enhance its role as the centre of the local community life. In addition to retail, there needs to be a public square for social gathering, a commitment to keep and enhance education and cultural facilities in the downtown including the library and a community centre, along with entertainment such as a movie theatre. Sports and recreational facilities can be enhanced including trail systems, skating, and other recreational activities (many of which are located in Memorial Park/Exhibition Grounds). The BIA’s role will be focused on family shopping. The goal for the BIA is to be the number one place at satisfying local family needs. There is a realization that local families are very busy and that Downtown Waterdown is the solution, for it provides good quality meals, quality supplies for pets, convenient drug stores and pharmacies, trusted home improvement products, and gifts for loved ones. In addition, it furnishes a break from the daily routine for a night out either at a restaurant or for entertainment (e.g., movie theatre). The overall downtown vision is based on two ‘experiences.’ This includes an experiential Dundas Street in the historic core that has cafés and restaurants, and home, leisure, garden, and sporting goods stores. Alternatively, Hamilton Street will include more neighbourhood oriented goods and services – larger mass merchants in an attractive and easy to use setting. 2 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA There should be a review of vacant and under-utilized sites to develop a plan for creating a cohesive Downtown Waterdown. A more cohesive downtown would include residential and office developments along with mixed-use buildings that are close to the street. In addition, to keep within the Victorian theme of the downtown, the City may determine that enhanced urban design guidelines be required to achieve the vision. In addition, the City may deem it necessary to help protect the historic core by expanding the historic conversation district overlay across the entire old Downtown Waterdown area. These issues may be addressed through the future Secondary Plan for the Waterdown Community Node. Action Plan Items A review of the action plan items from 2002/2003 indicated that many have been accomplished. The future direction for the BIA is to: > Increase the budget as per a strategic plan that will be of value to the members; > Finish the database of members and support businesses and organizations; > Increase partnership opportunities; > Increase communication with members through more frequent email blasts; > Prioritize catalyst sites for redevelopment; > Develop a one page benefit sheet on why a business should want to locate in Downtown Waterdown and use it as a liaison service with property owners, brokers, and prospective new businesses; > Give consideration to a proposal to require new businesses to consider Downtown Waterdown first before being allowed to locate elsewhere in Waterdown; > Continue to work on bypass and transportation alternatives; > Continue with street beautification programs; > Ensure new buildings fit in with historic character of the Downtown; > Develop marketing programs that partner with local charities and family oriented events; > Use Downtown Waterdown as a stage for others to develop their events with minimal operating assistance from the BIA; > Develop joint marketing programs such as a multi-business approach to a senior’s day program discount; > Continue to work with HABIA and the City on programs that are beneficial to the BIA. 3 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 1.0 Introduction The consulting firm Urban Marketing Collaborative (UMC) was retained by the City of Hamilton in 2002/2003 to undertake a commercial market study of five business districts in the City: Downtown Waterdown BIA, Concession Street BIA, Ottawa Street BIA, Westdale Village BIA, and Downtown Dundas BIA. As a benchmarking exercise and to provide future direction to these five BIAs, the City of Hamilton has invited UMC to return to update these commercial market studies. This report addresses issues specific to Downtown Waterdown BIA. This work is sponsored as part of the City of Hamilton’s sustained effort to improve the vital commercial districts throughout the entire City. It supports the Hamilton Council’s strategic goals related to maintaining and enhancing liveable communities and neighbourhoods. The City of Hamilton should be commended for its active support of neighbourhood economic development. That support has come through physical plans, streetscaping, marketing research, strategic directions, education, devoting staff and resources to assist the commercial districts, and the Hamilton Association of Business Improvement Areas (HABIA). The purpose of this report is to build upon the comprehensive commercial market strategy and an action plan that was prepared for Downtown Waterdown BIA in 2002/2003. The nature of the report is to juxtapose findings and recommendations from the previous report and current conditions in 2009. The findings were presented to the BIA members at a workshop in November 2009. This final report includes the background analysis and the updated action plan items. Much of the information contained in this report is the result of primary research conducted by UMC consultants. The research included interviews with key stakeholders associated with Downtown Waterdown BIA, a license plate survey, an inventory of existing retail/commercial space, and a physical survey of the area. 1.1 Background and Project Information Downtown Waterdown BIA includes the whole central commercial areas of Waterdown centred on Dundas Street/former Highway 5 and Hamilton Street. The BIA runs approximately 3,000 feet along Dundas Street and 3,000 feet along Hamilton Street. It also includes commercial developments along Mill Street, Main Street, Franklin Street, Flamboro Street, Griffin Street, and Barton Street. This makes it a large BIA. 4 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Waterdown is situated north of Hamilton Harbour on the escarpment just east of Highway 6. This fast growing community lies adjacent to the City of Burlington. In fact, it is closer to the commercial areas of Burlington than to the built up parts of the City of Hamilton. 5 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2.0 Report Format As a first step in assisting Downtown Waterdown BIA to re-assess the 2002/2003 Commercial Action Plan strategy and develop a program for future direction, UMC conducted fact-finding initiatives. The area’s strengths, weaknesses, opportunities, and threats were identified. The initiatives included: Customer Profile > > > Trade area delineation review; Demographic analysis of Downtown Waterdown BIA’s trade areas; and Review of previous study and marketing materials from the BIA. Retailer/Supply Side Profile > > > Interviews with a variety of retailers and key stakeholders to identify issues and opinions about commercial success in the area; Inventory and inspection of the businesses and services; and Review of the physical environment. Strengths, Weaknesses, Opportunities, and Threats > Summary of the findings and impact on Downtown Waterdown. This section of the report summarizes the findings of these activities. It also provides background information from which the following Commercial Action Plan has been developed. The key person interview analysis is located in Appendix A. 6 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 3.0 Downtown Waterdown Trade Area Review To assess whether there has been a significant change in the Downtown Waterdown BIA trade areas, a license plate survey was conducted in August 2009. A total of 124 license plates were analyzed. The table on the map illustrates the Dissemination Area (DA) where the vehicle is registered (e.g., the owner’s home address, or a commercial vehicle’s business address). DAs are small geographic areas that contain approximately 400 to 700 persons (note that rural DAs represent a larger area than urban DAs). Red is used to highlight those DAs where a larger number of vehicles originated from (four to nine) and green shows that only one vehicle originated from this defined geographic area. Even though there are limitations to license plate surveys, it is beneficial data in application to key person interviews. The primary limitation is the capture of license plates from those who are not local shoppers (e.g., downtown employees as well as visitors). Downtown Waterdown License Plate Surveys by Dissemination Areas 7 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA While Downtown Waterdown attracts from Flamborough, Burlington, Dundas and elsewhere in Hamilton, the main focus of activity is Waterdown itself. Interestingly, there were a number of visitors from Antrim Glen Adult Lifestyle Centre on 8th Concession West and the neighbouring trailer park Based on this analysis and conversations with retailers during the key person interviews, the trade areas from the 2002/2003 study would remain the most relevant, with the exception of the Immediate Trade Area (ITA). The ITA was expanded slightly on all sides to accommodate recent population growth. These trade areas include: > ITA (ITA) – Town of Waterdown > Primary Trade Area – Flamborough, Dundas, Burlington > Secondary Trade area – portions of Oakville, as well as portions of Stoney Creek and West Hamilton Downtown Waterdown Trade Areas 8 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA In addition, a portion of sales to Downtown Waterdown businesses originates from outside of the delineated trade areas. This represents “in-flow” from other areas such as Mississauga, Toronto, Brantford, and Guelph. 3.1 Trade Area Population Characteristics The following analysis compares the Downtown Waterdown trade areas to the City of Hamilton. Additional analysis will be provided based on comparatives to the study conducted in 2002/2003. Maps for select socio-economic conditions in trade areas are included in Appendix B. Primary Trade Area Secondary Trade Area 17,434 252,883 617,725 542,691 Annual Growth Rate - 2004/2009 1.5% 2.1% 1.6% 0.2% Households 2009 5,930 96,286 238,552 211,923 Annual Growth Rate - 2004/2009 2.6% 2.9% 2.4% 0.4% 2.90 2.58 2.54 2.52 One Person 14.4% 21.6% 24.2% 25.9% Two Person 19.0% 34.2% 32.6% 31.6% Three Person 18.6% 16.4% 16.4% 16.4% Four to Five Person 34.8% 25.2% 24.0% 23.2% 3.3% 2.5% 2.8% 3.0% Recent Resident – Less than Five Years 18.0% 18.0% 18.0% 12.0% Recent Resident – Less than One Year 5.0% 6.0% 5.0% 4.0% <20 29.3% 23.7% 23.4% 23.2% 20–29 11.0% 11.6% 13.6% 14.3% 30–39 15.7% 13.9% 13.6% 12.8% 40–49 18.0% 16.5% 15.8% 15.5% 50–59 12.0% 13.4% 13.5% 13.8% 60–64 4.4% 5.8% 5.6% 5.5% 65+ 9.6% 14.9% 14.6% 14.8% 36.7 40.5 39.6 39.8 ITA Population 2009 Persons Per Household City of Hamilton Household Size Six + Person Mobility Age Profile Median Age 9 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA ITA Primary Trade Area Secondary Trade Area City of Hamilton Children Age Profile <6 22.9% 21.7% 21.5% 19.8% 6–14 39.9% 36.0% 35.0% 34.5% 15–17 12.8% 12.2% 12.2% 12.2% 18–24 19.5% 20.7% 20.8% 21.5% 4.9% 9.4% 10.5% 12.1% Single 19.0% 20.0% 22.4% 24.3% Married/Common Law 67.4% 63.9% 60.9% 57.8% Widowed, Divorced, Separated Education Level 13.6% 16.1% 16.7% 17.9% Less than High School 14.9% 16.1% 20.6% 24.7% High School 25.4% 26.5% 26.8% 27.2% Diploma, Trade Certificate 32.6% 28.1% 28.1% 29.0% University 27.1% 28.3% 24.5% 19.1% Management 16.2% 14.2% 11.7% 8.8% Business, Finance, Admin 16.8% 18.8% 17.7% 16.4% Science Related 7.6% 6.7% 6.3% 5.3% Health Related 5.3% 5.4% 5.6% 6.3% 11.5% 9.2% 8.7% 8.3% 2.2% 3.0% 2.7% 2.5% Sales and Service 22.3% 23.7% 23.7% 24.4% Trades, Transport 11.2% 11.5% 13.5% 16.7% Primary Industry 3.2% 2.6% 2.1% 2.3% Processing, Manufacture, Utilities 2.8% 4.0% 6.7% 7.2% 6.8% 11.3% 13.2% 15.1% 25+ Marital Status Occupation Education, Government, Social Service Arts, Culture, Recreation Transportation to Work Take Public Transit, Bike, Walk to Work 10 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA ITA Primary Trade Area Secondary Trade Area City of Hamilton Visible Minority Total Visible Minority 769 23,308 80,888 77,992 % of Total Population 4.6% 9.4% 13.3% 14.6% Top 5 Visible Minorities S. Asian S. Asian S. Asian S. Asian Chinese Chinese Black Black Korean Black Chinese Chinese L. L. American American S.E. Asian Arab/ S.E. Arab/L. Asian American --- Arab Household Income < $20,000 6.9% 9.1% 12.0% 14.5% $20,000–$39,999 8.2% 13.9% 16.7% 19.7% $40,000–$59,999 11.6% 15.5% 16.5% 17.7% $60,000–$79,999 14.5% 14.8% 14.2% 14.0% $80,000–$99,999 15.7% 10.4% 10.3% 10.1% $100,000+ 43.1% 36.3% 30.5% 24.0% Average Household Income $110,335 $107,793 $94,214 $79,148 Median Household Income $91,263 $75,328 $66,670 $57,655 11.6% 18.0% 26.3% 30.2% Rent Housing Source: Statistics Canada, Environics The main findings include: > The population has continued to grow. Today, the Waterdown (ITA) population is 17,434. The annual growth rate from 2004 to 2009 was 1.5%. The estimates by the City of Hamilton for 2031 place the total Waterdown population at approximately 30,000. This is a doubling of the community’s size over the next 20 years. It presents increased retail and office development opportunities. > The household growth rate during the same period is 2.6% indicating there is a movement to smaller households. However, overall, household sizes are quite large in Waterdown (ITA) compared to the other trade areas. The household size has remained constant at 2.9. > Proportionately, there are more households that are larger (three or more persons) compared to elsewhere, and proportionately fewer one-person households. Fifty-seven percent of households are three persons or more. 11 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA > There are differences in the mobility of the Waterdown (ITA) residents. Approximately 18% have moved to Waterdown within the last five years, in line with the total population growth. This is roughly the same as the other trade areas but higher than the City of Hamilton. > The average age in Waterdown (ITA) is younger than elsewhere (approximately four years younger), indicative of the younger families and young children in the households. There are proportionately more children and younger families and more residents 30 to 49 years of age. Just less than 30% of the total population is under 20 years of age. > All age groups have gained since 2001 with the exception of 30 to 39 year olds. The most significant increase was for 40 to 59 year olds. > An illustration of the net change in age groups in Waterdown (ITA) is in the following chart. 12 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Waterdown ITA – Change in Age Profile – 2002 to 2009 1,000 800 600 400 200 0 <20 20-29 30-39 40-49 50-59 60-64 65+ -200 -400 -600 Source: Statistics Canada, Environics > The children that do live in Waterdown (ITA) tend to be younger (63% are under 14 years of > > > > > > age) compared to elsewhere There are proportionately fewer single residents in Waterdown (ITA) and there are proportionately fewer common law couples Waterdown (ITA) includes a high proportion of well educated residents There are a high proportion of professional employed residents in Waterdown (ITA). This includes management, sciences, education, government, social services, and religious occupations. However, management type occupations tend to dominate. Waterdown (ITA) residents are not as likely to take public transit, walk, or bicycle to work compared to elsewhere There are small pockets of visible minorities. Overall, these residents account for less than 5% of the total population. Average household income is very high at $110,335, and median household income is also very high at $91,263 13 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA The retail implications of the preceding analysis indicate: > Waterdown is currently a sizeable community that affords numerous retail opportunities for businesses to develop a professional business that caters to the local population. The future population growth towards 30,000 offers opportunities to redevelop current locations for higher density retail and office uses (in particular along Hamilton Street). > The existing families that are ageing in place will match the continual influx of younger families and younger children. In the future, there will be a broad range of families living in Waterdown. > The new families moving into Waterdown are not aware of what the community has to offer. There are tremendous marketing opportunities to target new families. > Household incomes are not polarized as in other communities, but are more closely aligned in the mid-to-upper income bracket. This makes it easier for retailers to target their products and services at a more homogenous group. However, higher mortgage debt may mean that some families do not have extra money for luxuries such as eating out or trendy fashions. > There are a very high proportion of residents who are employed in management and government and quasi-government sectors. This includes education and sciences. Retailers will do well to appeal to time stressed families who want to provide the best for their home and families. An additional issue is that Waterdown is identified in the Official Plan as a Community Node. This means that the area is identified as a location for a mix of uses including increased residential and employment density. The chart includes the City of Hamilton’s population and employment projections for the planning units surrounding Waterdown. Growth is to continue to occur on the fringes. It is anticipated that there will be slight population loss in the current built up areas as families age and children move out. Population and Employment Forecasts Population Node 2630 2632 2633 2671 2672 2673 2674 2675 Total 2006 916 29 332 1,918 6,410 2,299 603 2,893 15,400 2031 856 8,114 6,056 1,833 6,008 2,163 612 4,473 30,115 Jobs Annual Growth -0.3% 25.3% 12.3% -0.2% -0.3% -0.2% 0.1% 1.8% 2.7% 2011 153 3 332 1,213 2,045 340 75 535 4,696 2031 167 1,504 857 1,523 2,550 420 72 611 7,704 Annual Growth 0.4% 36.5% 4.9% 1.1% 1.1% 1.1% -0.2% 0.7% 2.5% Source: City of Hamilton 14 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Planning Units for the City of Hamilton 3.2 Household Expenditure Analysis The annual estimates for household spending by retail commodity categories are derived from a combination of factors. This includes household income and other socio-economic data, such as household size, age, occupation, etc. Of all the influencing factors, household income is the most important because the more money people make, the more able and likely they are to spend. While the relationship between income and expenditure is strong, it is not directly proportional. As incomes rise, a greater proportion is spent on investments and other non-consumable items. 15 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA The following table provides a breakdown of commodity spending categories. Annual household expenditures for three trade areas and the City of Hamilton are shown. Annual Household Expenditure ITA Primary Trade Area Secondary Trade Area City of Hamilton Retail Merchandise Women’s Clothing and Accessories Men’s Clothing and Accessories Children’s Clothing and Accessories Material, Notions, and Sewing Home Furniture and Furnishings Home Equipment Garden Equipment and Supplies Home Entertainment Pet Supplies Sports Equipment Toys Electronics Art, Hobby Computer Equipment and Services Photographic Equipment and Services Reading $1,571 $941 $489 $209 $1,408 $1,169 $378 $776 $464 $253 $149 $81 $81 $54 $282 $382 $1,661 $995 $443 $269 $1,346 $1,159 $428 $768 $494 $235 $153 $88 $88 $526 $291 $421 $1,365 $862 $375 $239 $1,126 $996 $354 $696 $449 $200 $137 $80 $80 $443 $246 $362 $1,081 $727 $299 $203 $929 $857 $282 $615 $400 $164 $116 $68 $40 $358 $196 $303 Convenience Food From Stores Household Supplies Health Related Supplies Alcohol Purchased from Store Eye Care and Supplies Tobacco $6,753 $721 $1,047 $652 $167 $728 $7,121 $702 $1,158 $716 $204 $752 $6,353 $624 $1,034 $626 $174 $776 $5,569 $542 $915 $536 $148 $786 Eating and Drinking Food from Restaurants Alcohol Served $1,846 $211 $2,080 $285 $1,832 $262 $1,603 $235 Services Personal Care Services Furniture Repair Movies Attend Sporting Event Attend Live Arts Event Membership Services Packaged Travel $614 $85 $175 $64 $138 $453 $636 $648 $86 $179 $74 $148 $524 $655 $549 $82 $151 $64 $119 $418 $516 $454 $79 $121 $56 $92 $310 $376 $18,858 $11,726 $866 $18,989 $11,994 $928 $15,180 $10,554 $759 $13,545 $9,203 $619 Other Shelter Transportation Charity 16 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Although average household income is only 2% greater in Waterdown (ITA) compared to the Primary Trade Area, expenditures are geared to the home and children. In terms of the proportion of average household income that is spent on some items compared to others, Waterdown residents (ITA) spend proportionately more, the same, and less on the following: Annual Household Expenditure Analysis Proportionately More > Children’s Clothing and Accessories > Sports Equipment > Home Furniture and Furnishings > Household Supplies > Computer Equipment and > > Services Home Entertainment Home Equipment Proportionately Same > Shelter > Furniture Repair > Transportation > Movies > Toys > Packaged Travel > Photographic Equipment and Services > Tobacco Proportionately Less > Food From Stores > Personal Care Services > Women’s Clothing and Accessories > Men’s Clothing and Accessories > Pet Supplies > Charity > Attend Live Arts Event > Electronics > Art, Hobby > Alcohol Purchased from Store > Reading > Health Related Supplies > Food from Restaurants > Garden Equipment and Supplies > Attend Sporting Event > Membership Services > Eye Care and Supplies > Material, Notions, and Sewing > Alcohol Served Family is very important to Waterdown residents. They spend higher proportions of expenditures on their children and on activities geared to the home (e.g., TVs, DVDs, furniture, home improvement tools, computers, etc.). They spend less on eating out or going out for drinks, and on outings for arts, culture, and sporting events. 17 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 4.0 Retail Commercial Audit An audit of the existing retail/commercial businesses in Downtown Waterdown BIA was conducted in August 2009 to gain insight into the current retail situation. Other non-commercial uses such as residential, schools, houses of worship, social agencies, etc., were excluded from the audit. An important note is that the retail business profile was in a constant state of change during this time, since new businesses were constantly being added or altered. In completing the audit, a comparison to the audit conducted in 2002 helps to reveal changes that have been accomplished. 18 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Waterdown BIA Retail Audit Number of Businesses Square Footage Number % of Total Total % of Total Apparel and Accessories 9 4.3% 10,700 2.6% Home Furnishings 10 4.8% 25,500 6.3% Leisure 14 6.7% 18,600 4.6% Other General Merchandise 3 1.4% 6,500 1.6% 36 17.1% 61,300 15.2% Convenience Store 6 2.9% 5,800 1.4% Drug Store 2 1.0% 7,000 1.7% Grocery 2 1.0% 100000 24.7% Specialty Food 6 2.9% 9,500 2.3% Total 16 7.6% 122,300 30.2% Café 18 8.6% 24,100 6.0% Restaurant 8 3.8% 16,500 4.1% Total 26 12.4% 40,600 10.0% Total Personal Services 46 21.9% 50,600 12.5% Financial Services 4 1.9% 7,700 1.9% Professional Services 20 9.5% 22,100 5.5% Medical Services 34 16.2% 44,100 10.9% 104 49.5% 124,500 30.8% Automotive 8 3.8% 9300 2.3% Entertainment/Recreation 10 4.8% 29,900 7.4% TOTAL OCCUPIED COMMERCIAL 200 95.2% 387,900 95.9% VACANT COMMERCIAL 10 4.8% 16,500 4.1% TOTAL COMMERCIAL 210 100.0% 404,400 100.0% RETAIL MERCHANDISE TOTAL RETAIL MERCHANDISE CONVENIENCE – FOOD AND DRUG EATING AND DRINKING SERVICES TOTAL SERVICES OTHER RETAIL Source: UMC 19 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Compared to the retail commercial audit conducted in 2002/2003 there are several salient findings: > The number of stores has increased from 197 to 210 and the total square footage has increased to 404,400. > Vacancy rates are lower. It was low in 2002/2003 at 6%. It is now 4%. This includes the recent loss of the LCBO, which relocated to the power centre development at Clappison’s Corners. There are rumours that other retailers may follow suit such as Shoppers Drug Mart. > Convenience and services account for approximately the same amount of the total square footage. Each accounts for over 30% separately. > Services include a high proportion of medical services and personal services including beauty related services. Total square footage devoted to services has increased since 2002/2003. > Convenience goods are dominated by the two large grocery stores. Overall, the drug store category appears small in comparison. Since 2002/2003, the total amount of convenience goods stores has increased but represents a slightly smaller percentage of the total. > Eating and drinking has maintained the same proportion of square footage. There are more restaurants. > Retail merchandise has fallen from 20% of the total square footage to 15%. This is a significant drop. The apparel and leisure retail categories have fallen the most, indicating the impact of the new power centres’ large format general merchandisers on the downtown. Competitively, the situation in Waterdown has changed dramatically. The addition of a Super Walmart, Zellers, Canadian Tire, RONA, and other supporting retailers has been a benefit as it keeps local residents in Waterdown for shopping rather than going to Burlington. However, it is also a significant amount of square footage that effectively doubles the total square footage in all of Waterdown. The fast pace of the build will take several years for the retailers to adapt to. 4.1 Market Positioning During the initial market positioning conducted in 2002 the overall image was traditional type retailers combined with a full range of mid-income/price appeal. This positioning has remained consistent with a slight shift away from lower end offerings. 20 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 4.2 Façade Improvements and Redevelopments The property owners in Downtown Waterdown could improve their use of the City of Hamilton’s Commercial Property Improvement Grant (CPIG) program to improve the façades. Since 2002, four buildings have taken part in the matching grant program. From 2002 to 2008, the actual grants have totaled $29,643.35 and the total direct investment is $64,599.39. However, there has been investment in the retail commercial buildings. A review of the building permits issued for retail commercial businesses indicate that the retailers and property owners have invested in their buildings. This includes a significant investment by Sobey’s in 2007. Note that sign building permits are not included in the total figure. Building Permits Downtown Waterdown BIA 2001 $201,000 2002 $637,809 2003 $609,400 2004 $170,803 2005 $15,000 2006 $228,089 2007 $2,429,500 2008 $159,400 YTD 2009 Total $4,170 $4,455,171 Source: City of Hamilton A select number of examples of before and after images of buildings along Downtown Waterdown BIA show the changes that have occurred from 2002/2003 to 2009. 2002/2003 2009 – A new façade 21 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009 – New restaurant added to the front pad 2002/2003 2009 – Keeping the façade fresh 2002/2003 2009 – Changes to the retail mix 22 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009 – Small improvements create an impact 2002/2003 2009 – A better colour palette 2002/2003 2009 – A consumer friendly renovation 23 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009 – Small improvements create an impact 2002/2003 2009 – Removal of unsightly large mobile signs 2002/2003 2009 – Vacant storefronts are now full 24 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009 – Update whole look 2002/2003 2009 – Change retailers and new look 2002/2003 2009 – Dramatic redevelopment 25 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009 – Decreasing vacancies 2002/2003 2009 – Fresh look and new retail uses 26 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 4.3 Pedestrian Volume Vehicular and pedestrian volumes for two intersections in Downtown Waterdown have been completed by the City of Hamilton. Seven-hour counts for the following intersections reveal that Dundas Street and Hamilton Street are trending upwards in terms of volume. Intersection Dundas and Hamilton Dundas and Hamilton Dundas and Hamilton Parkside and Hamilton Parkside and Hamilton Date Thur. Dec. 8 2005 Wed. May 28 2008 Fri. Jan 30 2009 Mon. Feb 9 2004 Tues. Oct. 16 2007 7 Hour Vehicular Volume 13,112 14,786 14,700 16,191 8,944 7 Hour Pedestrian Volume 209 366 249 106 78 Source: City of Hamilton 27 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 5.0 Strengths, Weaknesses, Opportunities, and Threats The following were the initial strengths, weaknesses, opportunities, and threats for Downtown Waterdown BIA. The corresponding comments are relevant for the current study in 2009/2010. Strengths 2002/2003 2009/2010 Downtown Waterdown is centrally located in a fast growing, higher income town. This is true as the population is set to double to 30,000 by 2031. The area will be a well functioning town in its own right that requires the full set of retail and supporting amenities of similar sized towns elsewhere in Southern Ontario. Downtown will require a town square, retention of the library, upper level employment space for professionals and small service firms. The goal should be to create a full town and not just a bedroom community. It is the largest centre in Flamborough and attracts a significantly high percentage of Primary Trade Area residents for convenience goods and services. However, the market penetration can be improved. This is true. The two new power centres at Clappison’s Corners attracts customers from Flamborough to shop in Waterdown. They also keep local Waterdown residents shopping locally. However, it is a significant amount of competition and there is a significant amount of retail space in Waterdown for the small community’s present size. Downtown Waterdown is well served with food and convenience-related goods and services. Other services include banks, beauty salons, other financial institutions, medical offices, and professional services. This is still true. However, the downtown will lose the LCBO to the power centre. New banks and smaller retailers have opened at the power centres and are affecting the ability of the downtown retailers (especially along Hamilton Street) to compete. Minor variances have allowed smaller retail units to locate at the power centres, which goes against the original planning. The smaller retail units hurt the downtown. The City may wish to consider a downtown first principle for several retailer types such as banks, drug stores, and food retailers as well as entertainment places such as a movie theatre. 28 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Strengths continued 2002/2003 2009/2010 There are many historic properties in Downtown Waterdown, which gives the area a quaint look and feel. This remains true. Some properties have been improved such as the American Hotel and Taylor’s Plumbing. There is a small Heritage Conservation District overlay on some properties – particularly on Mill Street. The old downtown core may consider expanding the overlay to the whole historic core (e.g., Downtown Cobourg, Downtown Richmond Hill, Downtown Collingwood) There are very high vehicular traffic volumes along Dundas Street and Hamilton Street making the area very visible. This remains true. The bypass road may alleviate some of this congestion. The escarpment provides great views of the area and attracts numerous hikers and tourists to the area. Nearby are some of the parks associated with the Royal Botanical Gardens. This remains true. The plazas on Hamilton Street are very visible with large parking lots. This remains true but now there is further competition from the two power centres at Clappison’s Corners. The parcels that front onto Dundas Street (on the north side of the street west of the gas station) appear underutilized. These could be developed into mixed-use buildings built closer to the lot line. National retailers are locating to Downtown Waterdown, but mostly in the plazas. Waterdown is very competitive for national retailers as the power centres grow. Some retailers may relocate. The neighbourhood is very safe and provides convenient access to the Toronto region and to the Guelph and Kitchener region. This remains true. 29 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Strengths continued 2002/2003 2009/2010 Waterdown’s proximity to Highways 407, 403, and QEW add to its attractive appeal for homeowners. This remains true. Waterdown is an ideal location for residents to live providing easy access to a number of employment markets to the northwest, east, and south. Having retail in close proximity to the historic downtown area helps to create a more cohesive shopping experience. This still needs to be improved as the two areas feel like separate entities despite their proximity. Improved streetscaping of Hamilton Street and mixed-use developments will create an enhanced downtown environment. Weaknesses 2002/2003 Many members feel the BIA and the City are ineffective and mistrust them. 2009/2010 There is still mistrust among members of the BIA towards both the BIA and the City. The BIA needs to work on communication programs with its members. In addition, the BIA wants to work more effectively with the City departments. There is lack of cooperation and communication among the businesses to make Downtown Waterdown better. There is improved communication but the BIA recognizes they need to do more with members and increase cooperation. The expectations are too high from a number of the members. This concerns what the BIA can accomplish, especially given its small budget. This remains true. There is a sense that the members are not receiving good value for their money. The Victorian Festival has not received favourable reviews in the last few years. The festival has stopped. The Garage Sale Festival is moderately successful but there continues to be complaints. Very difficult to coordinate activities to benefit the whole of Downtown Waterdown, given the small budget. This remains true. The BIA plans to increase their budget incrementally. An alternative is to increase the budget significantly in one step. 30 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Weaknesses continued 2002/2003 2009/2010 Visitors to Downtown Waterdown do not walk around. They prefer to drive and look for convenience first and foremost. This remains true. More outdoor patio spaces in the old downtown will help to create a more intimate walking street. There is a noticeable lack of retail oriented mass merchants and eating and drinking businesses. Eating and drinking has increased but retail merchandise has fallen since 2002/2003. There has been a significant increase in the square footage of mass merchants in the power centres. This is a significant amount of square footage to add to the community in a short time and will be difficult for the downtown merchants to adjust to. However, these mass merchants are there to keep local residents from shopping outside of Waterdown for local convenience goods and services. Downtown Waterdown is split in two: old residents/businesses and newer residents/ businesses. This seems less of a factor. There is an increased sense of cooperation between Hamilton Street businesses and the old downtown. Burlington is very strong from a commercial point of view making it difficult to compete with the large number of retailers and convenience offered. This remains true. New power centre developments and the redevelopment of Mapleview Mall will draw shoppers for the convenience of mid-to-higher end fashion retailers in one enclosed space. Rents are high, making it difficult for smaller stores to start new businesses. Therefore, they will only be able to attract regional and national chains. This is not necessarily true. Unsympathetic design of new commercial developments that do not match the historic quality of Dundas Street businesses. This remains a sticking point with those who would prefer better urban design standards. The proposed building at Main Street and Dundas Street is welcomed. The BIA wants to work with City departments on reviewing building applications to ensure they are sympathetic to their goals and objectives. 31 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Weaknesses continued 2002/2003 2009/2010 Some signs along Dundas Street are large and unattractive and do not keep with the Official Plan for the area. The Official Plan states that large billboard-type signs should be discouraged from use along Dundas Street. This has been corrected and removed. Overall, the street is more pleasant from a pedestrian viewpoint. Opportunities 2002/2003 2009/2010 An extremely fast growing population that requires an increased level of goods and services to meet their expanding family’s needs. This includes children’s merchandise and home starter goods (e.g., children’s clothing, paint, barbeques, snow shovels, etc.) This is true and will remain so until build-out of over 30,000 residents. The two new power centres present stiff competition during the years until full build-out of the residential. There should be opportunities to redevelop several parcels in downtown along Hamilton Street to higher mixeduse use. Parcels of land in Downtown Waterdown that have not been developed. There are several redevelopment sites throughout the downtown for increased density including residential, office, or mixed-use. A thorough planning process to assess the different opportunities may be required. Downtown Waterdown has been identified as a Community Node in the new Official Plan and has been identified as a high priority area for a new Secondary Plan. 32 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Opportunities continued 2002/2003 2009/2010 Shopping is a behavioural activity. The continued lack of mass merchants in Downtown Waterdown means that the local residents are forced to shop elsewhere (e.g., Burlington) for comparison-shopping needs. The more that new residents are accustomed to shopping in Burlington rather than Waterdown, the harder it will be to win them back. The power centre retail means that sales leakage to outside of Waterdown will decrease. 33 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 6.0 Vision and Action Item Review In November 2009, a BIA workshop was held. Input included two exercises – a map exercise whereby participants were asked to use coloured notes to articulate where they thought retail should go (green), improvements to streetscaping (pink), and other issues (blue). In addition, participants were asked to select visual images that best portrayed their vision for Downtown Waterdown BIA. 34 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Recommendations include: > Improved streetscaping especially at the major intersection of Dundas Street and Hamilton Street. > Desire for more community/town amenities such as a medical clinic, entertainment such as a movie theatre, a community centre, employment opportunities, residential options including senior living, and pedestrian amenities. > Retailers that appeal to local families, more food service options, small boutique shops, men’s clothing The key findings that guided the results of the initial market assessment in 2002/2003 remain true in 2009/2010, but are enhanced. Waterdown is still a wonderfully small community that is growing into a more complete community/town. Overall, Downtown Waterdown needs to enhance its role as the centre of the local community life. In addition to retail there needs to be a public square for social gathering, a commitment to keep and enhance education and cultural facilities in the downtown including the library, a community centre, and entertainment such as a movie theatre. Sports and recreational facilities can be enhanced including trail systems, skating, and other recreational activities (many of which are located in Memorial Park/Exhibition Grounds). The BIA’s role will be focused on family shopping. The goal for the BIA is to be the number one place at satisfying local family needs. There is a realization that local families are very busy and that Downtown Waterdown is the solution, for it provides good quality meals, quality supplies 35 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA for pets, convenient drug stores and pharmacies, trusted home improvement products, and gifts for loved ones. In addition, it furnishes a break from the daily routine for a night out at either a restaurant or for entertainment (e.g., movie theatre). The overall downtown vision is based on two ‘experiences’. This includes an experiential Dundas Street in the historic core that has cafés and restaurants, and home, leisure, garden, and sporting goods stores. Alternatively, Hamilton Street will include more neighbourhood oriented goods and services – larger mass merchants in an attractive and easy to use setting. There should be a review of vacant and under-utilized sites to develop a plan for creating a cohesive Downtown Waterdown. A more cohesive downtown would include residential and office developments along with mixed-use buildings that are close to the street. In addition, to keep within the Victorian theme of the downtown, the City may determine that enhanced urban design guidelines may be required to achieve the vision. Also, the City may deem it necessary to help protect the historic core by expanding the Heritage Conservation District overlay across the entire old Downtown Waterdown area. These issues may be addressed through the future Secondary Plan for the Waterdown Community Node. A review of the recommendations from the Action Plan in 2002/2003 and the current status of those recommendations is provided below. Organization The BIA has struggled to develop its role and niche within the Waterdown business community. The small budget and the large area has meant that resources have been spread too thin to be effective in any one area. The BIA needs to develop a long-term plan for being a strong representative organization for the downtown business’ interests. It will require a larger budget to move this vision forward. In addition, there has to be a stronger connection between decisions made at City Hall and Waterdown. Increased communication and involvement with various departments is missing. The BIA wants to foster better relations by working with Tourism Hamilton, the parking authority, the cultural department, the CPIG program, among others. 36 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009/2010 Increase the budget by $10,000. The BIA is committed to increasing the budget to accomplish their goals. They plan on gradually increasing the budget each year. Alternatively, they could increase the budget to over $100,000 over one year. This will make sure that property owners and merchants who pay the levy will sit up and take notice. Update database of merchants and increase internal communications. This is still a work in progress but the BIA is committed to making this happen. Timely communication with members is a priority. While some merchants may not have email, the BIA may have a policy of email only communication as related to newsletters rather than distribute hard copies in person. Otherwise, members are welcome to pick up notices from a set location (or eventual BIA office) on an as needed basis. Email blasts are a better form of consistent communication rather than long newsletters that often come out too late to be of any value. Continually search out partnership opportunities that benefit the merchants and property owners. This is happening but more coordination with local organizations can be improved such as with the Rotary Club, the Chamber of Commerce, Kiwanis, etc. “Who Does What” Sheet. The City completed this project. 37 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009/2010 Commitment to HABIA The City has continued to make a commitment to this program through the Downtown and Community Renewal Division. Increased staffing and resources have made this an effective and wellrespected organization. Overall, the BIA sees value in the services the City provides through Downtown and Community Renewal and HABIA. There may be a need for a strategic review of the role and structure of HABIA, especially in light of the increased number of BIAs, their different needs and the wide range of issues they may have. There is an opportunity for greater education and understanding between various City departments, HABIA and individual BIAs. BIA representatives should report back to their membership on HABIA issues and sub-committees they may sit on to keep members informed of BIA positions and input to studies (e.g. rapid transit, truck route master plan). Continue Downtown and Community Renewal’s efforts to link BIAs with relevant City departments on various issues that arise, and increase other departments’ awareness of the BIAs and their concerns. 38 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Economic Development The BIA should work up towards having a stronger say in the economic development of Waterdown and Downtown Waterdown. They need to have a stronger voice at the City of Hamilton regarding development applications, and want to be consulted on a number of issues. Too often they feel left out of the process. They would like increased access to development proposals and minor variance applications. There is a need for a comprehensive plan for Downtown Waterdown with respect to urban design guidelines and potential opportunities for infill projects that will include residential, office, mixed-use, library, public squares and parks, and other community service facilities. The goals are for a coordinated downtown that has flow and synergy. Specific parcels such as the north side of Dundas Street west of the gas station, the major intersection of Dundas Street and Hamilton Street, Hamilton Street in general, the Mary Hopkins School, and other infill areas should be considered for improved redevelopment. Downtown Waterdown is identified as a Community Node in the New Official Plan. This node has also been identified as a high priority for a Secondary Plan that will provide more specific policies and guidelines tailored to the area. 2002/2003 2009/2010 Hold regular meetings with stakeholders on the status of the commercial environment. This is accomplished through regular BIA meetings and newsletters. Although, communication with members has to be reviewed on a continual basis. Work with owners or select catalyst properties to ensure compatible development. This has been beyond the resources of the BIA but should be on their strategic plan. The BIA wants to be involved in developing a coordinated downtown with a full set of amenities that other similar sized downtowns would have (e.g., larger library, public square, office, residential, mixed-use, education facilities, entertainment). The BIA should participate in the future Secondary Plan process. Use existing database as a starting point to profile each business. This has been started. Develop a recruitment package. This has not been accomplished. The BIA may develop a one-page factsheet on starting a business in Downtown Waterdown, using facts and maps from this report. 39 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Consideration may also be given to the idea of encouraging certain retail types to locate in Downtown Waterdown BIA. This has been used in some municipalities such as Collingwood. Rather than restrict ground level space to only retail (to the exclusion of professional services), the municipality requires that some retail types (e.g., government agencies such as libraries small professional offices, small specialty retail, stores serving the day-to-day needs of residents, liquor stores, full-service banking and financial institutions, etc.) must consider a location in the downtown before being allowed to consider other locations such as power centres, malls, or stand alone retail locations. They must provide a rationale for not locating in the business district. 40 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Physical Improvements and Programs for Enjoyable Shopping There is very little pedestrian movement in Downtown Waterdown. More pedestrian traffic should be a goal for the BIA. Increased pedestrian activity should be encouraged through the use of different parking strategies. For example, that people be prompted to park once and shop as much as they want. Another strategy is to encourage merchandising and patios around the fronts of buildings. 2002/2003 2009/2010 Resolve traffic issues to reduce traffic along Dundas Street. Work is in progress to alleviate traffic and build a bypass route. Embark on a street beautification program. This has been accomplished and is a work in progress. This is primarily for Dundas Street and not for Hamilton Street. Develop a Downtown Waterdown signage program including gateways, parking, and merchant directories. This has been partially accomplished. There are colours, banners, gateways, etc. in place. Ensure the banners are bright and colourful. This has been accomplished. Introduce parking fines for vehicles parked for more than three hours. Parking is an issue. Parking meters will be installed at some point in the future. Reinforce strict code enforcement for large signs along Dundas Street. The large signs have been removed. Extend streetscaping into side streets on a gradual basis. This has been partially accomplished. Ensure new buildings and façade improvements are consistent with the design intentions of the BIA. This is a work in progress but new building designs are more sympathetic to the historic character of Downtown Waterdown. Develop an agreement with the City outlining areas of financial responsibility concerning capital improvements, maintenance, and repairs. Programs related to financial responsibility have been developed and communicated. The BIA needs to work with the City of Hamilton to ascertain the best and most effective results for retail businesses affecting by proposed bypass roads and truck routes (e.g., new Waterdown Road interchange at Highway 403). In addition, an understanding if there is any proposed commercial developments at the Waterdown Road and Highway 403 interchange. 41 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA Marketing Marketing should focus on local residents first and foremost and then regional residents including Flamborough, north Burlington residents, and Aldershot residents. The BIA wants to encourage as many events as possible in the downtown but they do not necessarily want to run them. The BIA can work with the different organizations on such things as charity runs, events, and food drives (all family focused events). They can offer assistance by providing City contacts, discussing what permissions and requirements are necessary, and communicating with the merchants that events are happening. Events can include seniors days whereby merchants can offer 10% off on goods and services once a month in coordination with Shoppers Drug Mart or other pharmacy. The local marketing program for shopping local and showcasing the personalities of the local merchants, is an excellent way of showing the family nature of the downtown and the business owners unique personalities. The larger format stores cannot replicate this. A glossy postcard mailout to the local residents three times a year (March, June, and September) reminding them to shop for their families in Downtown Waterdown should be undertaken. 2002/2003 2009/2010 Start collecting information to include in directories and promotional materials. This has been partially accomplished. There are source partnership opportunities for marketing. This has been partially accomplished but more work needs to be done. Start a public relations campaign. This has not been accomplished. Ensure the marketing materials are consistent with different target markets. This has been partially accomplished with local marketing ads but needs to be improved. There is a need to segment the market into families, seniors, young adults, etc to develop marketing messages that will appeal to them. Allow Downtown Waterdown to become a stage for special events. This is partially accomplished. There are a number of events in Downtown that are not run by the BIA that are focused on charities such as breast cancer, juvenile diabetes, etc. 42 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA 2002/2003 2009/2010 Market Hamilton as a shopping destination Tourism Hamilton should develop programs to market the shopping attributes of the different BIAs (among other shopping areas) as a multiple event (e.g., sample itineraries on shopping and activities in Hamilton such as visiting African Lion Safari and visiting Downtown Waterdown BIA for tea and then shop in Downtown Dundas BIA. 43 Urban Marketing Collaborative Commercial Market Analysis for Waterdown BIA APPENDICES Appendix B Demographic and Household Expenditure Maps Median Age Average Household Income Visible Minorities University Educated Management Occupations Government and Quasi Government Occupations Arts, Culture, and Recreation Occupations Women’s and Men’s Clothing Expenditure – Household Children’s Clothing Expenditure – Household Reading Material Expenditures – Household Sporting Goods Expenditure – Household Restaurant Expenditure – Household