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2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
2014 CEO Summit
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2014 CEO Summit

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  • A dot for every meeting our team has come to Charlotte for a meeting regarding Glen Lennox. Doesn’t include our internal meetings, including two charettes - 4.5 million capital improvements program2006 – Decision to move forward with redevelopment
  • To orient you, here is a map of the Carolina North property in the Chapel Hill jurisdiction.The outlined area shows the Development Agreement boundary.Highlighted in blue are the proposed sites for the first 800,000 square feet.Those programs will include research and academic uses, the Law School and housing. This map also identifies the infrastructure, transportation, pedestrian, and bicycle improvements associated with the first 800,000 square feet at Carolina North.
  • The first building at Carolina North, the Collaborative Science Building, is now under design. Located close to the eastern end of the current runway at Horace Williams Airport, the Collaborative Science Building is projected to be approximately 265,000 square feet in seven stories . This new building will offer a unique environment currently not available in either the local rental market or on campus.It will create a community of researchers to foster collaboration and synergy and benefit from the efficiencies of shared space.Many of these units are currently housed in off-campus rental space, and these rents will be redirected to fund the construction of the building.Leers Weinzapfel Associates of Boston, who designed the FedEx Global Educations Center on campus, will design this building.To support the initial development, we are also in the project of designing infrastructure for the new campus. This will included an entry road to the new building, associated bicycle and pedestrian improvements, utility services, and striping of already paved areas to create surface parking. The initial entrance will be located at the intersection Estes Drive Extension and Airport Drive. The end of Airport Drive will be re-aligned , and a sidewalk extended to complete a sidewalk between Estes Drive and MLK Boulevard. The infrastructure project will also include a small central utlity plan that will eventually house the landfill gas electric generator.
  • Transcript

    • 1. Welcome to the CEO Summit Chapel Hill-Carrboro Chamber of Commerce
    • 2. Thank you to our lunch sponsor
    • 3. WELCOME AND INTRODUCTIONS Chapel Hill-Carrboro Chamber of Commerce
    • 4. ECONOMIC UPDATE
    • 5. Percent Renter-Occupied 61.5% 35.9% 52.4% 18.1% 0% 10% 20% 30% 40% 50% 60% 70% Carrboro Hillsborough Chapel Hill Rest of Orange County U.S. Census Bureau
    • 6. Number of Homes Sold in Orange County 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1886 1,126 1628
    • 7. Orange County Average Sales Price $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 $320,000 $340,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 $262,920 $342,740 $319,229 $327,758
    • 8. Chapel Hill-Carrboro School District Median Sales Price per Sq Ft Triangle Multiple Listing Service 164 160 157 154 149 146 153 135 140 145 150 155 160 165 170 2007 2008 2009 2010 2011 2012 2013
    • 9. 2013 Average Home Price by County Triangle Multiple Listing Service * 2012 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 Durham Wake* Chatham Orange CHCCS $201,255 $255,000 $320,212 $327,758 $369,606
    • 10. Residential Building Permits Home Builders Association of Durham, Orange, & Chatham * Through October 2013 47 28 111 0 100 200 300 400 500 600 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013* Carrboro Chapel Hill Orange County (incl. Hillsborough)
    • 11. Unemployment Over Time 5.8 4.3 6.7 4.6 10.9 7.0 - 2.0 4.0 6.0 8.0 10.0 12.0 Chapel Hill Orange County North Carolina
    • 12. Chapel Hill Residents Employed NC Department of Commerce 22,291 25,687 28,731 20,000 21,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan-14
    • 13. Orange County Residents Employment NC Department of Commerce 61,446 65,119 70,452 60,000 62,000 64,000 66,000 68,000 70,000 72,000
    • 14. Unemployed Individuals NC Department of Commerce 2,807 4,083 1,000 1,525 0 1,000 2,000 3,000 4,000 5,000 6,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Orange County Chapel Hill
    • 15. Projected New Job Growth 2009-2014 153 266 736 259 1,845 2,045 124 481 185 0 500 1,000 1,500 2,000 2,500 Construction Information Prof/Scientific/Tech Services Admin/Supp/Waste Mgmt Services Educational Services Health Care/Social Services Arts/Entertainment/Rec Accommodation/Food Services Public Administration NC Department of Commerce
    • 16. Orange County Taxable Sales (Millions) NC Department of Revenue 907.5 million 1.175 Billion 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013
    • 17. Orange Co. Gross Sales Tax Collections NC Department of Revenue $32.47 Million $56.14 Million
    • 18. 2012 Per Capita Income by County U.S. Department of Commerce, Bureau of Economic Analysis #1 $51,702 Orange #2 $50,697 Chatham #6 $44,839 Wake #11 $40,963 Durham$37,910 NC 0 10000 20000 30000 40000 50000 60000
    • 19. Sales Tax Per Capita $112.84 $170.35 $123.37 $170.72 $123.36 $184.80 $165.65 $197.87 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 $220.00 $240.00 $260.00 2011201020092008200720062005 ORANGE ALAMANCE CHATHAM DURHAM John Locke Foundation
    • 20. Sales Tax Per Capita Rankings 65 76 54 73 55 54 17 39 0 10 20 30 40 50 60 70 80 90 201120102008200720062005 ORANGE ALAMANCE CHATHAM DURHAM John Locke Foundation
    • 21. 2012 Retail Demand vs Retail Sales $1.68 Billion $950 Million $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 $3,000,000,000 $3,500,000,000 Orange County Chatham Durham Alamance Johnston 2012 Total Retail Demand 2012 Total Retail Sales NC Department of Commerce
    • 22. 2012 Retail Gap $728 Million $236 Million $376 Million ($154 Million) $60 Million ($200,000,000) ($100,000,000) $0 $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 Orange County Chatham Durham Alamance Johnston NC Department of Commerce
    • 23. 2012 Retail Gap (Millions) ($212.0) ($250.0) ($200.0) ($150.0) ($100.0) ($50.0) $0.0 $50.0 General Merchandise Stores Motor Vehicle and Parts Dealers Food and Beverage Stores Clothing/Accessories Stores Gasoline Stations Electronics & Appliance Stores Sports/Hobby/Book/Music Stores Health and Personal Care Stores NC Department of Commerce
    • 24. ECONOMIC IMPACT OF DEVELOPMENT STUDY Report prepared by Joe Minicozzi, Urban3
    • 25. $815,206/acre
    • 26. $612,717/acre
    • 27. $816,557/acre
    • 28. $868,731/acre
    • 29. $928,548/acre
    • 30. $2,095,503/acre $9,315,351/acre
    • 31. $17,887,397
    • 32. $13,723,183
    • 33. $17,887,397
    • 34. $21,265,851/acre
    • 35. $23,932,268/acre
    • 36. $34,435,262/acre
    • 37. $52,007,048/acre
    • 38. DEVELOPMENT
    • 39. EPHESUS FORDHAM Town of Chapel Hill
    • 40. Ephesus Church Road Elliott Road Extension Fordham Boulevard Franklin Street Elliott Road Legion Road
    • 41. [ Ephesus Church- Fordham SAP ] Development Summary Residential Units 1,084 +/- Office 368,000 +/- Retail 258,000 +/- Hotel 280,000+/-
    • 42. *
    • 43. GLEN LENNOX Grubb Properties
    • 44. Glen Lennox 1,500 Residential Units 600,000 SF Office 150,000 SF Retail 150 Hotel rooms
    • 45. Concept Plan Concept plan envisioned with community and created with careful attention to guiding principles Master plan is a 50 year vision Foresee multiple phases over 20 years Phases based on market conditions and approval of transportation improvements. First phase likely to be at NC-54 & Hamilton Road 15-501
    • 46. Process Original Master Plan presented 2007 Community Forum 2008 2009 2010 2011 2012 Neighborhood Conservation District Petition Process Glen Lennox Residents Meetings NCD Development Committee Appointed GP Vision Presentation #1 GP Vision Presentation #2 GP Vision Presentation #3 GP Vision Presentation #4 NCD Development Committee Meetings Town Visioning Workshop 2013 NCD Approved (Rezoning) Council Meetings on Dev Agmt A for every meeting Grubb Properties participated in Chapel Hill meetings Dev Agmt Technical Team Meetings
    • 47. 123 W. FRANKLIN University of North Carolina
    • 48. 123 W. Franklin 300 Residential Units 120,000 SF Office 55,000 SF Retail
    • 49. LLOYD FARM The Design Response
    • 50. Lloyd Farm Lot Size (acres): 40.07 Building Size (square feet): 130500 This mixed use project contains multiple commercial buildings on multiple parcels, including an anchor grocery store and several outparcels. It also includes a 293 unit residential apartment complex and a 15 unit townhome area. It will be located at the corner of Old Fayetteville Road and Highway 54 on property historically known as Lloyd Farm.
    • 51. OBEY CREEK East West Partners
    • 52. Obey Creek 404,525 sf Retail 226,250 sf Office 48,000 sf Community Activity 117,000 sf Hotel (140 rooms) 700 Residential (300 apartment, 100 condo/townhouse, 300 senior)
    • 53. THE EDGE
    • 54. The Edge Address: 3000 Eubanks Road Developer: Northwood Ravin (Durham) Property owner: Park West Investors, Morris IV (Chapel Hill) Acres: 53.8 Buildings: 18 to 24 buildings, 44 to 90 feet tall Residential: Between 400 and 700 units Affordable housing: 50 units Commercial: Between 140,000 and 475,000 square feet Office: Between 60,000 and 395,000 square feet Hotel: Between 100,000 and 200,000 square feet, 150-250 rooms Open space: 33,591 square feet minimum Zoning: Mixed-use Office/Industrial, Mixed-Use Residential Current property value: Roughly $3.1 million
    • 55. 300 EAST MAIN Main Street Properties
    • 56. 300 East Main Phase 1 opened in August 2013. Along with the hotel, retail tenants open for business are Cameron's, Hickory Tavern and Womancraft. Two more restaurants are in the final stages of tenant upfit, and Main Street Partners expects to sign leases on the remaining two spaces in the coming weeks. Phase 2 is under construction on the west edge by the railroad tracks and will open in fall 2014. It will include ground-floor retail/restaurant space and two floors of Class A office. Fleet Feet's corporate offices will occupy the entire 2nd floor and the Carrboro retail store will move to the ground floor of the new building from its current location in an older building on site.
    • 57. SHELTON STATION Belmont Sayre
    • 58. Shelton Station  North Greensboro Street, Carrboro  2.64 acre site  119,000 total square-feet of commercial and residential space  The two-story, 24,000 square- foot commercial building facing North Greensboro Street will house retail and office space.  94 apartments
    • 59. CAROLINA NORTH University of North Carolina
    • 60. Projected Development: First 800,000 square feet Research Building One 225,000 sf Small Central Utility Plant 5,000 sf Law School 250,000 sf Research Building Two 120,000 sf Housing 200,000 sf 6
    • 61. Collaborative Science Building & Infrastructure Phase 1/Central Utility Plant Infrastructure………………………………. Design: June 2011 – May 2013 Construction: June 2013 – April 2014 Central Utility Plant……………………….. Design: July 2012 – Aug. 2013 Construction: Sept. 2013 – Jan. 2015 Collaborative Science Building……………. Design: March 2012 – Nov. 2013 Construction: Dec. 2013 – Nov. 2015
    • 62. Regional Rail Triangle Transit http://www.youtube.com/watch?v=PqijCS_B2U8
    • 63. OUR PROMISES TO YOU Chapel Hill-Carrboro Chamber of Commerce
    • 64. Meg Branson Senior Vice President, Chapel Hill-Carrboro Chamber of Commerce
    • 65. We’re a membership organization that serves and advances the business interests of our community and builds a sustainable community where business thrives.
    • 66. We advocate for your business interests and the interests of our local business community
    • 67. We connect you with the people and information you need to thrive
    • 68. We help you save money
    • 69. More choice, more value, and a stronger Chamber Transitioning to Tiered Dues
    • 70. Eight tiers of membership with different benefits and different investments Investments range from $30,000 to $489
    • 71. Community Champions
    • 72. Community Champions • Community Champion Sponsorship • Logo on Chamber home page • Logo on Chamber letterhead & emails • Logo on Major Investors page & Annual Report • Featured in “Connect the Dots” • 50 YPN registrations • 50% off Leadership & advertising
    • 73. Community Investors
    • 74. Community Investors • Community Investor Sponsorship • Logo on Major Investors page & Annual Report • Featured in “Connect the Dots” • 20 YPN registrations • 25% off Leadership & advertising
    • 75. Community Leaders
    • 76. Community Leaders • Platinum Sponsorship • Logo on Major Investors page & Annual Report • Featured in “Connect the Dots” • 10 YPN registrations • 15% off Leadership & advertising
    • 77. Community Builders
    • 78. Community Builders • Gold Sponsorship • Logo on Major Investors page • Featured in “Connect the Dots” • 10 YPN registrations • 15% off Leadership & advertising
    • 79. Join Us or Send an Employee • Leadership Chapel Hill-Carrboro April 7-June 11
    • 80. Join Us or Send an Employee • Inter-City Visit to Athens, Georgia Sept. 21-23
    • 81. Join Us or Send an Employee • Executive Leadership Oct. 26-28 (Tentative)

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