2013 CBID Annual Meeting

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2013 CBID Annual Meeting

  1. 1. Nashville District Management Corporation Annual CBID Property Owner Meeting November 12, 2013
  2. 2. ABOUT THE CBID CBID Area: 371 acres, 90 blocks in downtown Nashville Current 10-year term: January 1, 2008 – December 31, 2017 Management agreement with Nashville Downtown Partnership to provide wide range of CBID services
  3. 3. Top CBID Budget Priority • Public Space Management – – – – Clean Team Safety Team/Hospitality Ambassadors Outreach Coordinator Landscaping and Beautification 57% of TOTAL 2011-2012 CBID BUDGET 58% of TOTAL 2012-2013 CBID BUDGET
  4. 4. Downtown Clean Team January- October, 2013 • Removed 85,365 pounds of trash and 12,976 square feet of graffiti • Power washed 835 block faces and 1,072 alleys
  5. 5. Increase in Graffiti BEFORE AFTER 125% increase in graffiti since 2012. Quick response by the cleaning team helps prevent recurrences.
  6. 6. Hospitality Ambassadors offer visitors guidebooks, maps, printouts of directions and coupons. YTD over 10,000 printouts and over 2,700 coupons
  7. 7. 2,513 miles logged on Segways Jan- Oct, 2013
  8. 8. In 2013, 541 hanging flower baskets on downtown streets
  9. 9. 2-Year Progress on Outreach • Since July, 2011, a fulltime Outreach Coordinator has focused on providing housing and wraparound social services to individuals with the highest number of arrests in the CBID • To date, 24 clients (with 2,632 arrests over the past 3 years) have received housing through this outreach initiative
  10. 10. Outreach Results • 24 clients have received housing assistance – 10 have transitioned to permanent housing – 8 are currently in temporary housing – 1 transitioned to Rehab – 5 returned to the street • Over 900 arrests (based on past history) have been prevented in the group housed
  11. 11. Homeward Bound • One-way transportation to families, jobs or support services for 571 individuals since June, 2008 (cost $88,420) • These individuals accounted for 4,831 Nashville arrests • January-October, 2013: 115 individuals have received Homeward Bound assistance
  12. 12. LIVE Downtown In 2013, 7,286 people do!
  13. 13. Downtown Residential Sales Jan- June 2013 130 closings Jan- June 2012 123 closings Jan- June 2011 99 closings Availability Downtown No developer-owned units-only 74 re-sales available (3+-month supply) HIGH-RISE SALES PRICES UP 28% FROM 2010
  14. 14. Rental Demand Soars! Highest ever rental occupancy–98% in 2012 and 2013 2,250 rental units now; 475 under construction and 1,124 planned
  15. 15. Downtown Market Analysis Can absorb another 3,500 residential units by 2017 Today: 4,554 units + 475 under construction + 1,124 planned
  16. 16. LIVE IT UP! 2013 Tour Since 2004, over 11,000 people have come to the April downtown home tours; total economic impact over $50 million in sales and leases
  17. 17. Retail Growth in 2013 • YTD 54 new retail businesses have opened or announced • 32 food establishments • 21 shopping options • 1 music and nightlife •2012 retail openings: 52
  18. 18. New Retail 2013 Bettie Page Clothing Johnny Cash Museum
  19. 19. 195 Downtown Dining Options
  20. 20. Downtown Amenities 18 coffee shops 12 massage therapy 11 barbers, hair salons, nails 9 fitness centers/dance studios 9 bakeries 5 ice cream/yogurt shops 4 post offices 3 florists 2 urban grocery stores 1 urgent care center
  21. 21. 7.5 million square feet commercial office inventory downtown
  22. 22. Mid-year 2013 Class A office vacancy: 7.7% Recent studies indicate downtown could absorb another 500,000 SF of office space over the next 5 years
  23. 23. 50,335 Downtown Employees and Growing! Asurion: 500 jobs came downtown in late 2012 UBS Tower in 2014 1,000+ new jobs ServiceSource: tied for 9th largest downtown employer in 2012 Sony/ATV Music Publishing moving downtown with 200 new jobs!
  24. 24. Strong Investor Interest and Building Sales Record $153 million sale to Highwood Properties $103 million sale to Alliance Partners HSP LLC
  25. 25. Historic Trolley Barns at Rolling Mill Hill Work Spaces for Nonprofits, Entrepreneurs
  26. 26. Downtown Employee Appreciation Week 91% of employees say working downtown is FUN!
  27. 27. Image & Communications nashvilledowntown.com NEW responsive website fits screen of device being used STRONG SOCIAL MEDIA PRESENCE Over 31,000 friends on Facebook Outpacing downtown groups in peer cities, top local print and radio media outlets Over 31,000 followers on multiple Twitter accounts
  28. 28. LP Field Park and Ride Option for Employees 2010-2012: average of 14,221 monthly riders on 3 routes Free weekday parking; $25 for monthly shuttle passes
  29. 29. Best Ever Event Parking (BEEP) • Free parking at LP Field Lot R for Bridgestone Arena events, optional $3 per person round trip shuttle service • Over 375 events since 2010, free parking for almost 47,000 vehicles • 60% of the passengers choose the shuttle option
  30. 30. Bike Share, Car Share and Free Circulator, MTA’s Music City Circuit
  31. 31. 195 Nashville B-cycles at 21 kiosks within 3 miles of downtown As of November 3, 23,038 memberships (21,942 daily)
  32. 32. January-October, 2013 44,800 trips or bike checkouts 7,421,560 calories burned 176,262 pounds carbon offset
  33. 33. Photo : The Funky Umbrella
  34. 34. Record daily attendance of over 80,000! CMA Festival in June, 2013
  35. 35. Bridgestone Arena 5th in Pollstar’s Top 10 for U.S. Concert Attendance March, 2013– 329,002 guests— 2nd busiest month in arena’s history Hosting 2014 NCAA Women’s Final Four Hosting 9 SEC men’s and 3 women’s tournaments from 2015 to 2026
  36. 36. Platinum LEED Status for Bridge Building 1st in Tennessee 4th greenest building worldwide
  37. 37. INVEST Spotlight on SoBro
  38. 38. Hotel Developments • Omni Nashville Hotel opened 9/30/13 with 800 rooms and suites, >80,000 SF meeting and event space • Hyatt Place Downtown Nashville opening 11/12/13 with 255 rooms, 3,400 SF meeting and event space • Under construction in CBID: Hilton Garden Inn (215 rooms) • Metro incentives committed for a Hyatt Regency and a Marriott
  39. 39. Proposed West Bank Park at Thermal Site
  40. 40. 2013 Board of Directors
  41. 41. “To make downtown Nashville the compelling urban center in the Southeast in which to LIVE, WORK, PLAY and INVEST.”

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