Exhibit VI-2
SUMMARY OF DEMANDS
DOMINION STUDY AREA
2014-2035
Study Area
Acres
Total
9,207
Developed
1,112
Airport
505
Environmentally Constrained
2,247
Developable
5,343
Additional Open Space
801
15%
Community Facilities
400
7%
Roads, ROW
801
15%
Storm Water
1,069
20%
Remaining
2,272
2013
$/Unit/SF 2014-2024 2025-2035
Total
(to 2035)
% of
Total
Est.
Density
Est.
Acres Build-Out
% of
Total
Est.
Density Est. Acres
Limited Employment Center Scenario
For-Sale Residential
$400,000
1,918
1,535
3,453 89% 4
863
8,600 92% 4 2,150
For-Rent Residential
$1.30
233
174
407 11% 20
20
750
8% 20
38
Total Residential
2,151
1,709
3,860 100%
884
9,350 100%
2,188
Retail SF
$16
200,279
159,071
359,350 72% 0.25 33.0
791,351 64% 0.25
72.7
Office SF
$18
43,621
22,054
65,675 13% 0.35
4.3
250,000 20% 0.35
16.4
Industrial SF
$6
57,430
14,137
71,566 14% 0.20
8.2
200,000 16% 0.20
23.0
Total SF Commercial
301,329
195,262
496,591 100%
45.5 1,241,351 100%
112.0
Estimated Employees
734
470
1,204
Total
929
3,159
Total
2,300
Jobs to Households
0.34
0.28
0.31
0.34
2013
$/Unit/SF
2014-2024 2025-2035
Total
(to 2035)
% of
Total
Est.
Density
Est.
Acres Build-Out
% of
Total
Est.
Density Est. Acres
Employment Center Scenario
For-Sale Residential
$400,000
2,278
1,871
4,148 80% 5
830
9,000 75% 5 1,800
For-Rent Residential
$1.30
448
579
1,027 20% 25
41
3,000 25% 25
120
Total Residential
2,726
2,450
5,176 100%
871
12,000 100%
1,920
Retail SF
$16
240,319
214,722
455,041 35% 0.25 41.8 1,015,637 21% 0.25
93.3
Office SF
$18
233,693
482,966
716,659 55% 0.40 41.1 2,500,000 52% 0.40 143.5
Industrial SF
$6
114,859
28,273
143,133 11% 0.20 16.4 1,250,000 26% 0.20 143.5
Total SF Commercial
588,871
725,961 1,314,832 100%
99.3 4,765,637 100%
380.2
Estimated Employees
1,699
2,466
4,164
Total
970
14,757
Total
2,300
Jobs to Households
0.62
1.01
0.80
1.23
Exhibit VI-2
E4-11982.40
Printed: 4/11/2014
CITY OF CHESAPEAKE
