Transit Authority Sought to Evaluate TOD Project Feasibility
Allegro conducted a tailored feasibility, focusing on coordinated analysis across esidential, retail, parking, and development pipeline components.
Housing Demand Analysis
Allegro analyzed the broader Downtown Youngstown housing landscape to understand product type preferences, target demographic groups, and positioning considerations for new construction multifamily. This phase established the foundation for determining whether multifamily housing could serve as the anchor use within the TOD.
Retail Demand
Allegro evaluated the competitive landscape, nearby tenant mix, and the role of small-format retail as an amenity to residents and transit riders.
Parking Demand
Allegro reviewed existing parking atterns, delivery formats, and the implications of various parking strategies for the feasibility of the development. The analysis explored how parking could be integrated into the project in
ways that support both transit and residential components while balancing
development efficiency, risk, and cost.
The feasibility study established demand for key aspects of the mixed-use development and provided WRTA with an integrated development strategy outlining how the organization could work with private partners to create a structure for a demand-driven development scheme.
An incentive aligned feasibility path recognizing the importance of public sector tools in advancing a catalytic mixed use project.
Together, these results equip WRTA with the information required to evaluate next steps, engage development partners, and position the project as a catalyst for associated revitalization efforts.
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