Since 1987, PPS has led the effort to revitalize existing markets and develop new ones, from laying the groundwork for the regeneration of Detroit’s historic Eastern Market to helping plan and open the NewBo City Market in Cedar Rapids, IA, as a new community gathering place.
PPS works with communities to help develop a clear vision for its public market—existing or new—and identify achievable goals. We test and refine your vision through a rigorous feasibility assessment analyzing consumer demand and assessing the capacity of existing and new vendors to meet this demand.
PPS’s unique Placemaking experience provides an opportunity for a community to envision its market “place,” whether it is selecting a new site, expanding a new one, or growing to become the centerpiece of a market district. We translate the community’s vision into specific recommendations for market layout that starts with the public spaces, while assuring the market design meets its unique operational and technical needs.
PPS develops specific recommendations for tenant mix and leasing; layout and design, management and governance structure; and financing, making sure the market is on firm economic ground. We also prepare detailed, multi-year operating proformas and financing plans.
PPS prepares detailed designs, collaborates with local project architects (who often lack market design experience), and performs official design reviews for sponsors – all to assure that the market is attractive for customers and functional for vendors, and that it creates a unique gathering place in the community.
Public markets often present numerous unforeseen challenges and they can experience economic, political, and internal stress. PPS provides clients with on-going management guidance, training, and technical assistance as specific needs emerge. For markets undergoing especially challenging transitions, we can serve as an interim market manager to mentor new market management.
PPS’s public market training and visioning workshops are designed for market managers, sponsors, customers, and vendors as well as their diverse community partners. Workshops are tailored to the specific needs of a local community and are based on our popular “How to Create Successful Markets” training course.