2012 State of Downtown Luncheon

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On November 19, 2012, Downtown Alliance presented the state of our center city featuring speakers covering the convention and visitor industry, commercial office and retail leasing, and the downtown housing market.
Casandra Matej - Executive Director, San Antonio Convention & Visitors Bureau
Dennis McDaniel - President, Austin Fairchild Management Company (Steel House Lofts)
Lindsey Tucker - Vice President, CBRE

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2012 State of Downtown Luncheon

  1. 1. Special thanks to our generous sponsors:
  2. 2. Special thanks to our venue sponsor:
  3. 3. #sodtsa
  4. 4. San Antonio Convention & Visitors BureauCasandra Matej, Executive DirectorNovember 19
  5. 5. Economic Impact • 28 million visitors • $12 billion economic impact • 112,531 employed • $162M+ taxes & fees to the City • $300M+ taxes to local governments
  6. 6. Competitive Landscape • Competitive set continues to invest in their product • Austin, Dallas, and Houston are all making major improvements with their group meetings and leisure product • Convention Center expansion impact
  7. 7. Convention Center Expansion • Increases total prime contiguous exhibit space from 426,600 sq. ft. to at least 500,000 sq. ft. • New Exhibit Ballroom – column free – 80,000 – 90,000 sq. ft. • New Grand Ballroom – largest in TX at over 50,000 sq, ft, • Flexible Meeting and Ballroom Space • Consistent quality throughout convention center • Improve competitive position nationally
  8. 8. Convention Center Expansion Timeline Design Start October 2012 Construction Start September 2013 Construction Complete April 2016 West End Demolition Complete July 2016
  9. 9. Looking Ahead• Major Upcoming Developments • Tobin Center for the Performing Arts • River Walk expansion • UNESCO Designation for Spanish Missions
  10. 10. Looking Ahead •More Major Upcoming Developments • Broadway Reach • Hemisfair Park Redevelopment • 300th Birthday
  11. 11. “Remember the…” Campaign• Based on consumer research• Generated more than 200,000 new Facebook “Likes”• Engaged consumers with 4K+ submitted photos• First DMO to create and implement a completely consumer-generated campaign
  12. 12. 2013 Initiatives
  13. 13. 2013 Initiatives Certified Tourism Ambassador Program
  14. 14. 2013 Initiatives Integrated Sales Strategy
  15. 15. Weston Centre
  16. 16. Dennis McDanielPresidentAustin Fairchild Management CompanySteel House Lofts
  17. 17. SA2020 VISION PROCESS  Dream It Achieve Diversify Attract Improve  Map It  greater product residents, living balance types workers experience Do It
  18. 18. Strategic Framework PlanStrategic Framework Plan Recommendations Housing First Strategy Creating a Vibrant Place
  19. 19. Growth and equilibriumSENSE OFCOMMUNITY TOURISM
  20. 20. Housing First Strategy: Set 7,500 housing unit growth targetHousing Units by 2020 +7,500 +5,000 14,500 12,000 7,000 Center City SA2020 Recommendation Today
  21. 21. Potential for housing growth Population Per Square Mile CBD 2-Mile Radius of Comparable Cities9,0008,0007,0006,0005,0004,0003,0002,0001,000 0
  22. 22. Current Status of Center City MF Housing Existing Apartments 3,343 Units Existing Condos 596 Units Apartments Under Construction 406 Units Apartments Proposed 856 Units Condos Proposed 42 Units
  23. 23. New Units Since SA2020 Vision Announced Existing 1,080 Proposed 448 TOTAL 1,528
  24. 24. 1221 BroadwayScopeTotal Investment: $46,275,914Total Units: 309 Market Rate Apts.Rent Per Square Foot: $1.40Public Improvements: $2,000,000Schedule270 Units opened in August 2011100% Occupied39 units under constructionContactDeveloper: AREA Real Estate, LLCContact: David Adelman, Principal210.417.4314
  25. 25. Cevallos LoftsScopeTotal Investment: $39,000,000Total Units: 252 Mixed Income ApartmentsRent Per Square Foot: $1.25ScheduleProject opened in January 201298% OccupiedContactDeveloper: The NRP GroupContact: Dan Markson, Senior Vice President210.487.7878
  26. 26. Can Plant Residences at Pearl – 503 Avenue AScopeTotal Investment: $40,070,590Total Units: 293 Market Rate Apts.Rent Per Square Foot: $1.65Public Improvements: $624,078SchedulePhase I opened July 2012Phase II & III open late Fall 2012ContactDeveloper: Rio Perla PropertiesContact: Elizabeth Fauerso, CMO210.269.6027
  27. 27. 1800 BroadwayScopeTotal Investment: $28,989,700Total Units: 221 Market Rate Apts.Rent Per Square Foot: $1.47Public Improvements: $855,891ScheduleProject will open December 2012ContactDeveloper: Criterion BroadwayContact: Pretlow Riddick, President214.393.4107
  28. 28. The Mosaic – 1915 BroadwayScopeTotal Investment: $21,994,633Total Units: 120 Mixed Income Apts.108 Market Rate Apts.12 Affordable Apts.Rent Per Square Foot: $1.6012,000 sq. ft. of ground floor retail spacePublic Improvements: $340,000ScheduleProject will open March 2013ContactDeveloper: Broadway DevelopmentsContact: George Mauze, President210.444.1915
  29. 29. 1010 S. FloresScopeTotal Investment: $7,453,204Total Units: 56 Market Rate Apt.Rent Per Square Foot: $1.40Public Improvements: $358,325ScheduleProject will open in Spring 2013ContactDeveloper: Landbridge PartnersContact: Sunshine Thacker, Partner210.912.7725
  30. 30. Blue Star Phase II – 500 Block of Blue StarScopeTotal Investment: $42,705,845Total Units: 320Rent Per Square Foot: $1.50Public Improvements: $2,200,000ScheduleProject will open in Fall 2014ContactDeveloper: The NRP GroupContact: Dan Markson, Senior Vice President210.487.7878
  31. 31. River North Multi-Family – Ave. E & 13thScopeTotal Investment: $31,500,000Total Units: 256 Market Rate Apts.Rent Per Square Foot: $1.65Public Improvements: $725,000ScheduleProject will open Spring 2015ContactDeveloper: Hixon PropertiesContact: John Beauchamp, Vice President210.225.3053
  32. 32. Residences at Brackenridge Hill – E. Mulberry at BrackenridgeScopeTotal Investment: $32, 727,319Total Units: 280Rent Per Square Foot: $1.44Public Improvements: $783,126ScheduleProject will open Fall 2013ContactDeveloper: Embrey PartnersContact: Robert Hunt, Executive Vice President210.804.5255
  33. 33. 1401 S. Flores St. San Antoniosteelhouselofts.com
  34. 34. 1401 S. Flores St. San Antoniosteelhouselofts.com
  35. 35. 1401 S. Flores St. San Antoniosteelhouselofts.com
  36. 36. 1401 S. Flores St. San Antoniosteelhouselofts.com
  37. 37. 1401 S. Flores St. San Antoniosteelhouselofts.com
  38. 38. 1401 S. Flores St. San Antoniosteelhouselofts.com
  39. 39. 1401 S. Flores St. San Antoniosteelhouselofts.com
  40. 40. 141 S. Flores St. San Antoniosteelhouselofts.com
  41. 41. 141 S. Flores St. San Antoniosteelhouselofts.com
  42. 42. 141 S. Flores St. San Antoniosteelhouselofts.com
  43. 43. 141 S. Flores St. San Antoniosteelhouselofts.com
  44. 44. 1401 S. Flores St. San Antoniosteelhouselofts.com
  45. 45. 1401 S. Flores St. San Antoniosteelhouselofts.com
  46. 46. Thank You!
  47. 47. Special thanks to our generous sponsors:
  48. 48. Special thanks to our venue sponsor:
  49. 49. Thank You!downtownsanantonio.org
  50. 50. “Great cities have greatdowntowns”

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