Encompassing 52 square miles with a population of nearly 34,000, the Town of Glastonbury is an affluent Capitol Region suburb located approximately eight miles southeast of Hartford. With its expansive land area, historic charm, and strategic location in the “center of Connecticut” relative to the state’s capital city and interstate highways and varied topography, Glastonbury has emerged as one of the region’s most desirable communities.
The purpose of this project was to assist the Town by producing a Town Center shared vision/concept that establishes a foundation for sustainable economic development and business expansion with a built infrastructure that provides safe and efficient vehicular operations; improved pedestrian, public and bicycle access; customer convenient and business friendly parking; enhanced lighting; new streetscape opportunities; and the integration of new residential opportunities.
As part of this assignment, Vantage Point conducted an economic and market analysis of development opportunities that could be accommodated within the Town Center, including specialized retail, office and multi-family residential. This included preparing a pro-forma financial analysis as well as an economic and fiscal impacts of catalyst opportunity sites for development. We also addressed topics such as marketability, amenities for merchants and types of potential future development that could strengthen the Town Center as a destination.