The Arcade Mall Project Proposal-Final Presentation
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The Arcade Mall Project Proposal-Final Presentation
- 1. THE ARCADE MALL PROJECT PROPOSAL: 1332 MAIN ST. Presented by: Andrew Webb
- 4. Inside View
- 8. Map
- 10. Location L-shaped layout of building has two main entrances on Main St. and Washington St. Located all around office space, mostly Class A and some Class B Close proximity to the Sheraton, the Hub, and The Marriott
- 11. History Built in 1912 Adjacent to the Barringer building, the first skyscraper in Columbia to ensure tenants high exposure Tenancy has included various types of businesses High-end clothing retailers, tea shop, shoe repair, brokers, engineers, salons, etc.
- 14. Demographics Population 1 mile radius 3 mile radius 5 mile radius 2013 Daytime Population 63,152 155,539 258,981 2013 Total Employees 55,565 112,544 170,468 2013 Population Median Age 22 28 31 Age 15-19 36.21% 11.69% 9.08% Age 20-24 29.80% 20.09% 15.52% Age 25-29 8.48% 9.89% 9.10%
- 15. Demographics Income 1 mile radius 3 mile radius 5 mile radius Median $29,760 $33,234 $37,883 % income less than $10,000 17.48% 16.48% 12.61% % more than $75,000 16.47% 20.18% 22.6%
- 16. Traffic Counts Average Daily Traffic (2013) Assembly St. 22,800 Gervais St. 27,200 Sumter St. 8,200
- 17. Construction Originally an open arcade patterned after those in Italy Architecture is Renaissance Revival Style Reinforced concrete floors Originally open aired, but eventually fully enclosed by mid twentieth century
- 18. Basement Once housed, “Columbia Down Under” – similar to Atlanta’s Underground Atlanta Hosted series of bars, shops, and food that operated during the early 70s Eventually succumbed to suburbanization which plagued the businesses located above Currently unused
- 21. Zoning It is zoned for commercial development After speaking with the realtor though, he believed through appeals it would be able to be made into a boutique hotel or micro-lofts
- 22. Our Vision Middle level: High End Restaurant and Lounge Restaurant Name: 1912 Surf and Turf Menu Upscale Large Wine List Upstairs: Office and Retail Keep Current Use, with Tenant Revamp
- 23. Renderings
- 24. Main Floor Renovations Busting down interior walls to create restaurant because we cannot touch original marble Overhaul of men's and women's bathrooms on the floor Update elevator to ensure safety under heavy use Install kitchen and use back alley for waste disposal and outputs
- 25. Main Level Bar
- 28. Basement Basement: Recreational Bar Called “The Bar Downstairs” Will feature a full bar, and recreation games
- 29. Renderings
- 30. Basement Renovations Downstairs is going to pose the biggest challenge Needs complete overhaul of piping and flooring that operate the whole building The challenge is to reroute all utilities along walls instead of in the middle of the room. Key is maintaining buildings original structure while redeveloping area Clean out and remove debris left from previous tenants
- 31. Downstairs Bar
- 32. Downstairs Bar
- 33. Downstairs Bar
- 34. Other Possible Ideas Boutique Hotel Rooms on the first and second floor Utilities and services ran out of the basement A 20 Room Hotel Micro-lofts w/ Retail 10 upscale lofts on the second floor Retail on the main floor Bar underneath in the basement
- 35. Other Possible Ideas Boutique Hotel We decided against this idea due to the heavy presence of hotels in the area Micro-lofts We decided against this because of the long appeals process and the fact that housing and hotels are readily present in close proximity
- 36. Tax Information
- 37. Tax Information
Notes de l'éditeur
- Tommy: introduction: Introduce all of us and talk about the building, its location, the
- Tommy: The Equitable Arcade is an important local example of the Renaissance Revival style of architecture derived from Italy right in historic downtown on Main st.
- This building is especially unique not only for its arquitecture but because there are two entrances to the building – Main St. Entrance and Washington St. entrance. Notice the stairs going beneath the building – we’ll talk more about that later.
- Inside, the second story features an open balcony. A skylight illuminates the building’s interior. The repeated design elements on the columns mimic the lavish designs on the exterior of the building.
- The opposite side: Notice the elevator straight ahead
- Accommodating its L-shaped layout and entrances on both Main and Washington streets, the mall has two identical facades five bays in width and ornamented in marble. The central bays on each of the first floor’s facades feature an open passage. Also a downstairs entrance on Washington st. side.
- Tommy
- Aaron: The suburbanization of Columbia during the mid-20th century large shopping malls located outside the city’s former commercial core surpassed the Arcade Mall and other downtown shops and department stores in popularity and the building quickly lost much of its luster. Look at unique shape of building and Two main entrances Start talking about surrounding area. Surrounded by zoes kitchen, high end apartments, several banks,
- Aaron: Plus signs are historic landmarks – you can see the history of the area
- Aaron: Talk about surrounding area– the hub, other luxury apartments
- Aaron: Historical Overview: Columbia’s first indoor shopping center Constructed in 1912 at an estimated cost of $200,000 Strategically placed within popular commercial districut with close proximity to Columbia’s first skyscraper, the Barringer building, ensured high level of exposure to businessmen downtown Tenancy has fluctuated throughout this century with a variety of mostly high end retailers, saloon, and office space. Some of the more early tenants include: Henry Abell’s Shoes, The Kiddie Shop (catering to high-end children’s wear), Mrs. McMaster’s Tea Shop, the Seaboard Ticket Office, Colonial Life, and several brokers. More recent tenants include: engineering firms, other insurance agencies, soda fountains, styling salons, contractor offices, and further real estate and investment companies operated out
- One of the earliest pictures of the building found– you can see it hasn’t changed too much
- Aaron: Heres a picture of one of the earliest blue prints of the building. The building was deemed “fire proof,” as recorded in the 1919 Sanborn Fire Insurance Map shown above.
- Andrew- the demographics on Main St. have been changing very rapidly over the past several years due to the revitalization of main street, the construction of the hub and other housing in the area. There has been a very strong urban movement which was specifically helped kickstarted by the creation of the hub. Here’s a chart of some important demographic information on the surrounding population as of 2013. Majority of area is late teens or college students, or young adults. Within a five mile radius of the building the daytime population is over a quarter million which will be a great customer base to work with.
- Here is the demographic information on the surrounding income: The surrounding area has varying level of income and it can be hard to measure because of the high population of college students who are reliant on allowance or parent’s income. Our idea for use of this building will cater towards mostly all income levels. The more regular customer will most likely have household > $75,000 while we still serving those with lower incomes for more occasional visits. The bar will be welcome to varying income
- The building’s proximity to the state house and downtown high-rises ensure high levels of traffic counts, but even so, the building must be carefully marketed to be successful given the nature of its design, visibility, and use.
- Originally an open sky arcade, patterned after those in Italy, the two-story structure featured reinforced concrete floors and roof and Initially the building’s central passage was open to the elements. However, the passage became partially roofed some twenty years after the building’s construction and then later fully enclosed.
- Andrew
- Andrew
- Andrew
- Cameron: 28- end with summary
- Most recent taxable value is around 1 million dollars less than what the building is selling for.
- Summary: The Arcade Mall Building is a historically relevant property well-located within Columbia’s business district. The building has a one-of-a-kind character that cannot be replicated. The property’s historic registry limits the potential for total redevelopment, however, with beneficial tax credits reduce the cost of preservation. With the recent additions of nearby housing as well as the effort to revitalize main street and the surrounding area, we feel there is a market for this type or similar projects.