The address designates a specific location within an urban environment, pinpointing a parcel of land and any structure situated upon it. Such identifiers are crucial for navigation, property identification, and official record-keeping. As an example, it could represent the location of a business, a residential building, or a government facility.
This particular designation can hold significant value depending on its geographic placement. Factors such as proximity to commercial centers, access to transportation, and the historical significance of the surrounding area can contribute to its importance. This can influence its economic viability, desirability as a residential location, and overall historical or cultural relevance.
Further exploration into the attributes of the described location will provide a more detailed understanding of its features, purpose, and the context within which it exists. Subsequent analysis can reveal more specific information about the occupants, history, and impact associated with this specific place.
1. Central Business District
The designation of 1050 Woodward Avenue as being within a Central Business District (CBD) fundamentally shapes its character and potential. The CBD, characterized by high concentration of commercial activities, dictates land use, building density, and infrastructure prioritization. This location implies that 1050 Woodward Avenue likely benefits from established transportation networks, facilitating accessibility for employees, clients, and suppliers. The concentration of businesses in a CBD also creates a network effect, fostering collaboration and innovation through proximity. Consider, for example, the concentration of financial institutions in Manhattan’s Financial District, which demonstrates the symbiotic relationship between location within a CBD and industry-specific advantages. Similarly, 1050 Woodward Avenue likely derives value from its association with a specific sector or set of industries prevalent in its CBD.
Furthermore, the regulatory environment within a CBD often caters to commercial development, streamlining permitting processes and encouraging investment. This supportive environment is reflected in property values and rental rates, which are generally higher in CBDs due to increased demand and potential returns. Real estate development at 1050 Woodward Avenue is therefore influenced by CBD-specific zoning regulations and incentives, affecting building height, allowable uses, and architectural design. Infrastructure improvements, such as public transportation upgrades and utility expansions, are more likely to be prioritized in CBDs, further enhancing the long-term value of properties located within them.
In summary, the connection between 1050 Woodward Avenue and its location within a CBD is critical for understanding its economic potential and developmental constraints. The concentration of commercial activity, coupled with supportive infrastructure and regulatory frameworks, defines the opportunities and challenges associated with this address. Accurate assessment of this connection is essential for investment decisions, urban planning initiatives, and overall understanding of the location’s role within the larger urban ecosystem.
Frequently Asked Questions Regarding 1050 Woodward Avenue
This section addresses common inquiries pertaining to the location identified as 1050 Woodward Avenue. The information presented is intended to provide clarity and factual insights.
Question 1: What is the primary function of 1050 Woodward Avenue?
The function of 1050 Woodward Avenue is dependent on the tenant(s) and the building’s zoning classification. Without specific knowledge of the current occupancy and zoning regulations, the primary function cannot be definitively stated. It could serve as an office building, retail space, residential dwelling, or a mixed-use facility.
Question 2: Is 1050 Woodward Avenue located in a historically significant area?
The historical significance of the location requires examination of the surrounding neighborhood and archival records. The presence of historical landmarks, architectural styles, or notable events associated with the area surrounding 1050 Woodward Avenue would indicate historical significance.
Question 3: What are the transportation options available near 1050 Woodward Avenue?
Transportation options are contingent on the urban infrastructure in place. Likely options include access to public transportation such as bus lines, subway stations, or streetcar routes. Additionally, vehicular access and pedestrian walkways are standard considerations. The availability of bicycle lanes is also a potential factor.
Question 4: What are the typical business hours for establishments located at 1050 Woodward Avenue?
Business hours vary according to the type of establishment. Retail businesses typically operate during standard shopping hours, while office buildings may adhere to traditional business hours. 24-hour establishments, such as certain convenience stores or emergency services, may also be present.
Question 5: What is the zoning classification of 1050 Woodward Avenue?
The zoning classification determines the permitted uses of the property. This information can be obtained from local municipal planning or zoning departments. The zoning designation dictates the types of businesses and activities that can legally operate at the location.
Question 6: How can one obtain information regarding property ownership of 1050 Woodward Avenue?
Property ownership information is typically a matter of public record. Local county or municipal property records offices maintain databases of property ownership. Online property search tools may also provide access to this information, depending on local regulations and accessibility.
In conclusion, understanding the characteristics of 1050 Woodward Avenue necessitates careful consideration of zoning regulations, historical context, and surrounding infrastructure. Further research into these factors will provide a more complete understanding of the location.
The subsequent section will delve into potential future developments related to 1050 Woodward Avenue.
Insights Related to 1050 Woodward Avenue
The following provides a series of considerations valuable when evaluating a location similar to 1050 Woodward Avenue. These insights emphasize key aspects that contribute to the overall assessment of such a property.
Tip 1: Assess Proximity to Anchor Institutions. Evaluate the property’s location relative to significant employers, universities, or government centers. These anchor institutions can generate consistent traffic and economic activity, influencing the demand for commercial and residential space.
Tip 2: Analyze Transportation Infrastructure. Scrutinize the availability and quality of transportation networks. Proximity to major highways, public transportation hubs, and pedestrian walkways enhances accessibility and broadens the potential user base.
Tip 3: Evaluate Surrounding Amenities. Conduct a thorough inventory of nearby amenities, including restaurants, retail establishments, parks, and cultural attractions. The presence of diverse amenities contributes to the desirability of the location for both residents and businesses.
Tip 4: Research Local Zoning Regulations. Investigate the applicable zoning regulations to understand the permitted uses of the property and any potential development restrictions. Zoning codes dictate building heights, density, and permitted commercial activities.
Tip 5: Examine Historical Property Records. Review historical property records to identify past uses, ownership history, and any environmental concerns. This information can provide valuable context and potential liabilities.
Tip 6: Understand Local Economic Trends. Analyze economic indicators, such as job growth, unemployment rates, and income levels, to assess the overall economic health of the surrounding area. Positive economic trends signal potential for future growth and investment.
Tip 7: Investigate Crime Statistics. Review crime statistics for the area to evaluate safety and security. Lower crime rates contribute to the attractiveness of the location for residents and businesses.
These insights underscore the importance of a comprehensive evaluation when considering properties like 1050 Woodward Avenue. Thorough due diligence enhances informed decision-making and mitigates potential risks.
The following section will provide a summary of the preceding analysis.
Concluding Remarks on 1050 Woodward Avenue
The preceding analysis has examined 1050 Woodward Avenue through various lenses, emphasizing its location within a Central Business District, exploring frequently asked questions, and providing actionable insights for property evaluation. Each elementaccessibility, zoning, historical context, and economic trendscontributes to a nuanced understanding of its potential and limitations.
Ultimately, a comprehensive assessment of 1050 Woodward Avenue requires diligent research, consideration of relevant factors, and informed decision-making. Future actions should be guided by a clear understanding of the opportunities and challenges inherent in this location, with continued diligence in monitoring market trends and local regulations.
