The results of the residential market potential study of downtown Brunswick will be presented on Wednesday, November 13, 6pm at the College of Coastal Georgia. Laurie Volk of Zimmerman Volk Associates will lead the presentation. The presentation will be hosted by NewCity Brunswick and is sponsored by Forward Brunswick, the College of Coastal Georgia, and the Coastal Georgia Foundation.
“We learned about this type of data-driven housing study on our May 30 trip to Macon,” says Justin Callaway, President & CEO of NewCity Brunswick. “There, the housing study said downtown Macon could absorb ‘200 residential units per year.’ This number became a shared goal for developers, entrepreneurs, lenders and other investors in downtown Macon. We are excited to hear the results from Laurie on the thirteenth.”
Over the summer, the Coastal Georgia Foundation led discussions with business, community and local government leaders to build on efforts to improve downtown’s economy and quality of life. Together stakeholders identified housing downtown as a key element in strengthening Brunswick’s economic vitality. “Through discussions among stakeholders, it became clear that if we focus on attracting residents, businesses will follow,” Paul White, President & CEO of the Foundation, said.
Zimmerman/Volk Associates uses a proprietary target market methodology to determine the depth and breadth of the potential market derived from the housing preferences and socio-economic characteristics of households in the defined draw area, even in locations where no close comparables exist.
“The study’s findings could provide a cornerstone in the movement to reinvigorate Brunswick,” said Bert Roughton, who is helping to organize Forward Brunswick. “Understanding the demand and pace for creating new housing downtown is essential to setting priorities for the future.”
To attend the presentation on November 13, click here to register. This event is open to public and anyone interested in learning about downtown redevelopment efforts should attend.
About Forward Brunswick
Forward Brunswick is an inclusive, broad-based alliance of the city’s stakeholders intended to foster continued engagement, communication and collaboration. Forward Brunswick supports the city’s residents, community leaders and business owners in the pursuit of a shared vision for prosperity.
About NewCity Brunswick
NewCity Brunswick, a 501c3 nonprofit organization founded this September, uses private capital to support residential development and redevelopment projects with creative financing tools and a revolving loan program. It also fills the gap in conventional approaches to financing such projects and provide support to local businesses and startups through training and some financial assistance. NewCity works in partnership with existing agencies, such as the Downtown Development Authority, and city and county economic development departments. www.newcitybrunswick.com
About the Coastal Georgia Foundation
The Coastal Georgia Foundation was incorporated in 2005, as a tax-exempt public charity created by and for the people of Glynn, McIntosh and Camden counties. The Foundation now has assets nearing $20 million and has awarded over $14 million in grants, the majority to community organizations in the three-county region and beyond. The Foundation serves ordinary citizens who have the extraordinary vision for a better life for their neighbors, friends, families, and fellow coastal Georgians - today and for future generations. The Foundation seeks to be the region’s trusted source for thoughtful philanthropic counsel, sound financial management and strategic community investment. www.coastalgeorgiafoundation.org