Where is Midtown? The Midtown District is the tag placed on the commercial corridors of First Street between Springfield Avenue and Washington Street, and University Avenue between the viaduct and Third Street. As there are no precisely defined borders, the district encompasses the surrounding blocks including the Boneyard Second Street Basin, the Boneyard Greenway, and the Burnham District (Third & Springfield). (Map) The reason this area is important is its strategic location between Downtown Champaign and Campustown. The City of Champaign and the new Champaign Center Partnership have identified the Midtown District as a critical area to unify the urban core of Champaign.
The district has seen better days, but is currently emerging as a new target area for redevelopment and gentrification. Previously considered to be too far from campus to attract students and university oriented retailers, the gradual revitalization of Downtown has now made Midtown attractive to older students, young professionals, unique restaurants, and local retailers. The inventory of commercial buildings in the district and the recent beautification of the Boneyard Creek combine to make the area prime for investment and redevelopment.
My take on the district is that it could go one of two ways. One, the City could offer financial incentives tied to development standards and requirements that force property owners and businesses to take the district in a direction dictated by planning staff. The result would be a few overbuilt developments surrounded by blighted property, high rents dictated by construction costs not by demand, and unsustainable vacancy rates…not a pretty picture. Two, the City could help direct redevelopment rather than dictating it, and let market forces, businesses, and property owners shape the future of the district. This takes more time but is much more effective and sustainable long term.
My feedback to planning staff will be to provide some direction in terms of land use patterns and zoning, and let demand for retail and rental housing dictate the speed and quality of the redevelopments. I envision an increased density of retail, office, and restaurant space along First Street, University Avenue, and Chester Street with remodeled apartments on the upper floors those buildings. I also think that the new basin is attractive enough to increase the demand for traditional apartments along Second and Third Streets, between Springfield and University Avenues. Increased demand will spur more redevelopment and renovations for those buildings, increasing rental rates and thus property values. By far the toughest part of the district to redevelop will be the area west of First Street and east of the railroad tracks. Currently, those blocks are dominated by service-related and industrial business, including contractors and automotive shops. Again, some simple re-zoning that would allow those businesses to continue operating while providing future alternative land uses is the best plan of action.
So my fellow residents, what would you like to see in Midtown? How should the City work with property owners and encourage investment/redevelopment? The City is taking a proactive approach by holding an open house at Second & Springfield on Tuesday May 24th from 4:00 PM to 6:00 PM. In the event of severe weather, the open house will be moved to Minneci’s (First & Springfield). The City of Champaign’s planning staff will be on hand to gather input from residents and to share their vision. I plan on attending the meeting and will share ideas from Halfway Interesting readers if you feel inclined to post your thoughts and comments.
Here are some additional resources if you would like to explore this topic further:
East University Avenue TIF plan : shows details and history about the Midtown District and city incentives.
Champaign Center Partnership : all you wanted to know about Midtown including a map and calendar of events.
Matt Wavering is a commercial real estate professional with Coldwell Banker Commercial Devonshire Realty. He can be reached at mjw@cbcdr.com or 217-352-7712.
Personal Profile
Matt was born and raised in Champaign and appreciates the advances in technology, superb education, and quality of life that the community has to offer. He earned his college degree here and will continue to live and work in Champaign for years to come. Matt loves his hometown and takes great pride in contributing to the development of the community and its residents. Matt lives in Champaign with his wife Katie, daughter Annabelle, and their three dachshunds.
Professional Profile
Matt has worked with Coldwell Banker Commercial Devonshire Realty since 2006 and services his client's needs in addition to serving as the Assistant Director of the commercial brokerage division. With an emphasis on retail, office, and warehouse properties, Matt specializes in commercial real estate located in Champaign County. Matt is also thoroughly experienced with multifamily investment properties, especially those located on the University of Illinois campus.
Matt represents sellers and landlords by taking a personal interest in the client's goals, timelines, and preferred outcomes. Matt feels that by fully understanding the client's goals in addition to the details of the property, the goals can be obtained in less time and with fewer headaches. His experience with development projects gives him a keen insite into all of the moving parts involved with commercial real estate development.
As a buyer and tenant representative, Matt uses his negotiating experience and market knowledge to locate, secure, and negotiate leases and sales contracts for his clients. In conjunction with the Coldwell Banker Commercial network, Matt's expansive personal network and organization memberships allow him to service the needs of his buyer and tenant clients throughout Central Illinois and even nationwide.
Experience/Education
BA Economics, University of Illinois at Urbana-Champaign, 2006
Illinois Real Estate License, 2006
Associate of Science, Parkland College, 2003
Graduate, Champaign Centennial High School, 2001
Memberships
ICSC (International Council of Shopping Centers)
NAIOP (National Association of Industrial and Office Properties)
United Way of Champaign County ECL (Emerging Community Leader)
Champaign County EDC Job Growth & Retention Committee member