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Why glendal04.29.10
 

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    Why glendal04.29.10 Why glendal04.29.10 Presentation Transcript

    • Why Glendale? Philip Lanzafame, Director Community Redevelopment & Housing
    • Glendale Quick Facts
      • Population – 207,157
      • LA County’s Third Largest City
      • Competitive Low Cost Business Environment
      • Top 10 Safest Cities in U.S.
      • Centrally located to serve Southern California Global Business Community & Regional Employment Center
      • Fiscally Responsible – AAA Credit Rating
    • Commercial Real Estate
      • Retail – 8 million plus SF - 5% vacancy - Linen’s N Things, Marshall’s Shoes, Smart & Final, Border’s (sublet)
      • Office – 6 million plus SF - 20% vacancy- 100K plus SF available in five buildings
      • Industrial – 8 million plus SF - 3% vacancy
    • Economic Highlights
      • Daytime working population – 80,000
      • Home to DreamWorks, Nestle USA, Public Storage, IHOP, Applebee’s, Disney Interactive & Consumer Products, AT&T Interactive, Brand Boulevard of Cars, KABC TV
      • Regional Healthcare Center – 3 Major Hospitals
      • Regional Shopping Destination – Glendale Galleria, Americana at Brand, Fashion Center
    • Economic Highlights
      • March Unemployment – 10.7%
      • Sales tax receipts – Three quarters FY to date $19,776,080
      • Top sales tax producer concentration – auto dealers and retailers (Apple, Forever 21, Home Depot, Nordstrom)
    • Glendale Median Home Prices
        • 2009/2010 %
      • Zip Med. Price Change
      • 91201 $632/$575 +10%
      • 91202 $579/$712 -19%
      • 91203 $582/$310 +88%
      • 91204 $405/$480 -16%
      • 91205 $465/$398 +17%
      • 91206 $699/$735 -5%
      • 91207 $674/$789 -15%
      • 91208 $738/$678 +9%
      • 91214 $562/$625 -10%
      • *Home Data - 2010
    • Current Affordable Housing (Multi-Family)
      • Recently completed:
      • Casa De La Amistad, a 24-unit rental project located at 6200 San Fernando Road, developed in partnership with United Cerebral Palsy and completed in February, 2010
      • Glendale City Lights, a 68-unit rental project located at 3673 San Fernando Road, developed in partnership with Advanced Development and Investment and completed in February, 2010
      • Gardens on Garfield, a 30-unit rental project located at 303 E Garfield, developed in partnership with Thomas Safran and Associates and completed in April, 2010, Grand opening event scheduled for Wednesday, June 9th, 2010.
    • Current Affordable Housing (Multi-Family)
      • Nearing completion:
      • Habitat at Kenwood, an 11-unit for sale project located at 711-717 N Kenwood, developed in partnership with the San Gabriel Valley Habitat for Humanity, expected to be completed in June, 2010. Grand Opening event scheduled for June 5th, 2010
      • Vassar City Lights, a 72-unit rental project located at 1814 Vassar Avenue, developed in partnership with Advanced Development and Investment, expected to be  completed in August, 2010
    • Current Affordable Housing (Multi-Family)
      • In Development:
      • Doran Gardens, a 60-unit for sale project located at 331-343 W Doran Street, proposed by Heritage Housing Partners, expected to break ground Summer, 2010
      • Central City Lights, a 36-unit rental project located at 327-331 W Salem Avenue, proposed by Advanced Development and Investment, expected to break ground in Fall, 2010
      • Habitat at Geneva, a 5-unit for sale project located at 624 Geneva Street, proposed by the San Gabriel Valley Habitat for Humanity, expected to break ground in January, 2011.
    • Grand Central Creative Campus (GC3) Disney
      • Grand Central Business Centre – One of the country’s first planned industrial parks – Future high-tech creative campus
      • Replacement/rehabilitation of 2.5 Million SF & new construction of up to 3.5 Million SF on 125 acres
      • Phase I – Two 125,000 SF office buildings completed in 2006
      • Phase II – One office building divided into a North Wing (6 stories) and a South Wing (5 stories) totaling 338,000 SF and 6-story parking structure w 1200 spaces
      • Overall mix of media-related, entertainment uses including high bay creative space, sound stages, production facilities and related auxiliary uses
      • 7,000 estimated permanent jobs upon completion
    • DreamWorks
      • Corporate Headquarters
      • 1000 Flower Street
      • 460,000 SF on 13.3 acres
      • 1,300 Estimated full-time jobs
      • Lakeside Annex completed March 2010 which includes 128,000 SF of office and a 4-story parking garage
    • Hyatt Place
      • 225 W. Wilson
      • 11-Story, 172 Room Hotel
      • Meeting Rooms, Garden Decks, Fitness Center and Pool
      • 4 Levels Subterranean Parking
      • Entitlements approved include Stage II Design and Sign Program, CEQA review, Parking Plan, and Urban Art Program
    • New Business Investment
      • Subaru of Glendale
      • Trader Joe’s
      • Panera Bread
      • Chipotle
      • MyShape
      • Museum of Neon Art
    • 2009/2010 Business Expansion
      • Express Video Supply
      • Snookie’s Cookies
      • AT&T Interactive
      • Arecont Vision
      • Ignition Entertainment
      • Andrew Christian
    • Agency Initiative – Creative Corridor
      • San Fernando Road Redevelopment Project Area – 750 acres
      • Goal – Create/brand an industry cluster of creative uses to ensure long-term economic success
      • Capitalize on Disney, KABC & DreamWorks as catalytic projects
      • Task Force formed to provide guidance
      • Define the corridor, types of uses, priorities, etc.
    • Agency Initiative – Arts & Entertainment District
      • Maryland Street between Wilson and Central Library
      • Broadway Lofts featuring ground floor recreation/entertainment
      • City Art Gallery
      • Jazz supper club
      • Independent Movie Theatre
    • Retail Attraction
      • Jersey Mike’s
      • Yogurt Land
      • Ultimate Electronics
      • Kinder Care
      • REI
      • Bev Mo
      • Walgreen’sBob’s
      • Big Boy
      • Denny’s
      • Tuesday Morning
      • Centinela Feed & Pet Supply
      • Chic-fil-A
    • Branding & Marketing
      • Agency approved a Professional Services Agreement with North Star Destination Strategies for citywide and branding and marketing
      • Evaluate the City’s image and theme
      • Outline new marketing strategies in business attraction, business development, and public communication
      • Promote the identity of neighborhood business districts as destinations
      • Promote special events
      • Position Glendale as a premiere destination to live, work, and play
    • THANK YOU For Additional Information Contact Ken Hitts Economic Development Manager (818) 548-3155 Visit www.ThinkGlendale.com