Fall Downtown Detroit Stakeholder, Nov. 7
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The Downtown Detroit Partnership Fall Stakeholder Meeting held on Nov. 7 at the Detroit Marriott at the Renaissance Center. David Blaszkiewicz, president and CEO of Invest Detroit, shared his perspective on important projects and developments taking place in Detroit and discussed the investment trends happening in real estate right now. Following his remarks, DDP highlighted the ongoing Downtown development projects as well as projects that are on the horizon.
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Fall Downtown Detroit Stakeholder, Nov. 7
- 2. Eric B. Larson CEO, Downtown Detroit Partnership
- 3. 643 tons of trash collected 3,319 pedestrians assisted 101,000 hours ambassadors have worked Downtown Detroit Business Improvement Zone
- 4. Downtown Detroit Parks 500+ park programs in summer and fall 13th Annual Detroit Tree Lighting Ceremony DTE Energy Grand River Park
- 5. Planning Gratiot and Randolph intersection improvements Capitol Park improvements Downtown infrastructure updates
- 6. Stacy Fox Co-founder and Principal, Roxbury Group
- 7. David Blaszkiewicz President and CEO, Invest Detroit
- 10. Today…
- 16. What has driven Change? • Partnership – Public, Private and Philanthropic • CoordinaAon • Targeted Geography • Focused Resources • Safe, Clean and InviAng
- 17. Planted Seeds
- 18. Super Bowl XL
- 21. WOODWARD CORRIDOR INVESTMENT STRATEGY
- 25. WOODWARD CORRIDOR INVESTMENT STRATEGY
- 27. Complete What We Started
- 31. Mobility
- 32. Challenges/OpportuniAes • ConAnued Need for Subsidy/ROI • Limited IncenAves • Impact of Proposed Policies • Development Process • AbsorpAon • Capacity
- 33. Eric B. Larson CEO, Downtown Detroit Partnership
- 34. Square Miles People People/Per Acre Median Household Income Employees Housing Units 1.1 6,444 ~7 $35,320 80,000 4,300
- 35. LAFAYETTE PARK CHENE HARBO RTO W N BEAUBIEN MONROE ELMWOOD CEM ETERY ADAMS FISHER FWY LARNED LAFAYETTE WITHERELL 6TH RIVARD HOWARD SAINTANTOINE ERSKINE JOH N CLODGEFWY WINDER JO HN R CASS CLINTON LEDYARD STATE JOSEPHCAMPAU MCDOUGALL TEMPLE PETERBORO ANT IETAM ANTIETAM SHELBY WOODBRIDGE MADISON ALFRED ADELAIDE FARMER TEM PLEBROOKLYN HENRY MACOMB DIVISION HYDE PARK RIOPELLE PARK ERSKINE BROOKLYN BROA DWAY 8TH MONTCALME P RINCEHALL TEMPLE 4TH PIERCE ALFRED BEAUBIEN MCDOUGALL ELMWOOD WIGHT CIVIC CENTER ROBERT BRADBY HEIDELBERG ORLEA 1ST CHRYS LER BENSON HUNT ORLEANS ELLERY ARNDT CHARLEVOIX DUBOIS RIVARD WOODBRIDGE LAFAYETTE HENDRICKS WILKINS FRANKLIN ATWATER VERNOR FORT CONGRESS LARNED 2ND GRISWOLD CASS WASHINGTON GRAND RIVER BAGLEY FISHER FWY TRUMBULL JEFFERSON 3RD JEFFERSON SAINTAUBIN 5TH 3 3 1 10 85 12 375 Elmwood Cmtry Cass Duplessis Orleans Atwater Chene Elmwood-Central Dues Hart Plaza Campau Park Text Text Building Permits, Issued 2012 BIZ Boundary 0 - 10 10.1 - 25 25.1 - 50 50.1 - 100 100.1 - 243 0 0.125 0.25 0.5 Miles Permits per Sq Mile
- 36. LAFAYETTE PARK CHENE HARBO RTO W N BEAUBIEN MONROE ELMWOOD CEM ETERY ADAMS FISHER FWY LARNED LAFAYETTE WITHERELL 6TH RIVARD HOWARD SAINTANTOINE ERSKINE JOH N CLODGEFWY WINDER JO HN R CASS CLINTON LEDYARD STATE JOSEPHCAMPAU MCDOUGALL TEMPLE PETERBORO ANT IETAM ANTIETAM SHELBY WOODBRIDGE MADISON ALFRED ADELAIDE FARMER TEM PLE BROOKLYN HENRY MACOMB DIVISION HYDE PARK RIOPELLE PARK ERSKINE BROOKLYN BROA DWAY 8TH MONTCALME P RINCEHALL TEMPLE PRESTONSCOTT 4TH PIERCE ALFRED BEAUBIEN MCDOUGALL ELMWOOD WIGHT CIVIC CENTER ROBERT BRADBY ORLEANS 1ST BRU CHRYS LER BENSON HUNT ORLEANS ELLERY ARNDT CHARLEVOIX DUBOIS RIVARD WOODBRIDGE LAFAYETTE HENDRICKS WILKINS FRANKLIN ATWATER VERNOR FORT CONGRESS LARNED 2ND GRISWOLD CASS WASHINGTON GRAND RIVER BAGLEY FISHER FWY TRUMBULL JEFFERSON 3RD JEFFERSON SAINTAUBIN 5TH 3 3 1 10 85 12 375 Elmwood Cmtry Cass Duplessis Orleans Atwater Chene Elmwood-Central Dues Hart Plaza Campau Park Building Permits, Issued 2013 BIZ Boundary 0 - 10 10.1 - 25 25.1 - 50 50.1 - 100 100.1 - 250 250.1 - 500 0 0.125 0.25 0.5 Miles Permits per Sq Mile
- 37. LAFAYETTE PARK CHENE HARBO BEAUBIEN MONROE ELMWOOD CEM E ADAMS FISHER FWY LARNED LAFAYETTEWITHERELL 6TH RIVARD HOWARD SAINTANTOINE JOH N CLODGEFWY WINDER JO HN R CASS CLINTON LEDYARD STATE JOSEPHCAMPAU MCDOUGALL TEMPLE ANT IETAM ANTIETAM SHELBY WOODBRIDGE MADISON ALFRED ADELAIDE FARMER TEM PLE BROOKLYN HENRY MACOMB DIVISION HYDE PARK RIOPELLE PARK BROOKLYN BROA DWAY 8TH MONTCALME P RINCEHALL TEMPLE ALFRED BEAUBIEN MCDOUGALL ELMWOO WIGHT CIVIC CENTER ROBERT BRADBY O 1ST CHRYS LER HUNT ORLEANS ARNDT CHARLEVOIX DUBOIS RIVARD WOODBRIDGE LAFAYETTE HENDR WILKINS FRANKLIN ATWATER VERNOR FORT CONGRESS LARNED 2ND GRISWOLD CASS WASHINGTON GRAND RIVER BAGLEY FISHER FWY L JEFFERSON 3RD JEFFERSON SAINTAUBIN 5TH 3 3 1 10 85 12 375 Elmwo Cmt Cass Duplessis Orleans Atwater Chene Elmwood-Central Dues Hart Plaza Campau Park Text Text Building Permits, Issued 2014 BIZ Boundary 0 - 10 10.1 - 25 25.1 - 50 50.1 - 100 100.1 - 250 250.1 - 500 500.1 - 679.8 0 0.125 0.25 0.5 Miles Permits per Sq Mile
- 38. LAFAYETTE PARK CHENE HARBO RTO W N BEAUBIEN MONROE ELMWOOD CEM ETERY ADAMS FISHER FWY LARNED LAFAYETTE WITHERELL 6TH RIVARD HOWARD SAINTANTOINE ERSKINE JOH N CLODGEFWY WINDER JO HN R CASS CLINTON LEDYARD STATE JOSEPHCAMPAU MCDOUGALL TEMPLE PETERBORO ANT IETAM ANTIETAM SHELBY WOODBRIDGE MADISON ALFRED ADELAIDE FARMER TEM PLE BROOKLYN HENRY MACOMB DIVISION HYDE PARK RIOPELLE PARK ERSKINEBROOKLYN BROA DWAY 8TH MONTCALME P RINCEHALL TEMPLE PRESTONSCOTT 4TH PIERCE ALFRED BEAUBIEN MCDOUGALL ELMWOOD WIGHT CIVIC CENTER ROBERT BRADBY HEIDELBERG HALE ORLEANS 1ST BRUSH CHRYS LER BENSON HUNT ORLEANS ELLERY ARNDT CHARLEVOIX DUBOIS RIVARD WOODBRIDGE LAFAYETTE HENDRICKS WILKINS FRANKLIN ATWATER VERNOR FORT CONGRESS LARNED 2ND GRISWOLD CASS WASHINGTON G RAND RIVER BAGLEY FISHER FWY MARTIN LUTHER KING JR JEFFERSON 3RD JEFFERSON SAINTAUBIN 5TH 3 3 1 10 85 12 375 Elmwood Cmtry Cass Duplessis Orleans Atwater Chene Elmwood-Central Dues Hart Plaza Campau ParkText Text Building Permits, Issued 2015 BIZ Boundary 0 - 10 10.1 - 25 25.1 - 50 50.1 - 100 100.1 - 250 250.1 - 500 500.1 - 720.4 0 0.125 0.25 0.5 Miles Permits per Sq Mile
- 40. LARNED PARK BREW ERY PA RK BEAUBIEN 2N LAFAYETTE MONROE ELIZABETH ADAMS FISHER FWY 2ND ANTIETAM ABBOTT HOWARD LAFAYETTE WITHERELL 6TH RIVARD FISHER FWY BATES CLIFFORD RIVERFR ONT DUCHA RME PL RIOPELLE LIFFORD JOHNCLODGEFWY ORLEANS NICOLE TPL RIOPELL E CHRYSLER LAFAYETTE PLAZA JOLIET PL SAINTANTOINE MONTCALM GRISWOLD COLUMBIA GRAND RI V ER WINDER JO H WINDER JOHNR CASS CLINTON STATE SHELBY MADIS ON FARMER HENRY MACOMB BROOKLYN BROADW AY MONTCALME BEAUBIEN CIVIC CENTER 1ST BRUSH LER ORLEANS FRANKLIN WOODBRIDGE LAFAYETTE ATWATER FORT CONGRESS LARNED 2ND GRISWOLD 3RD CASS WASHINGTON RIVER BAGLEY FISHER FWY JEFFERSON 3RD JEFFERSON SAINTAUBIN 5TH 3 1 10 10 85 12 12 375 75 Grand Circus Park Grand Circus Park Lafayette Plassance Lafayette Central Lafayette Entrance Due Hart Plaza Text 0 1,000 2,000500 Feet Active Liquor Licenses, 2013 Active Liquor Licenses, 2016 BIZ Boundary
- 41. Top 5 Things to Know About Downtown Development in 2016 1. 164 building permits pulled in Downtown/CBD. 2. Downtown experienced 6% job growth between 2011 and 2014. 3. Office vacancy decreased 25% from 2011- 2016. Current office vacancy is 18%. 4. Over 2,558 residential units in the pipeline - New and rehabilitating Detroit’s valuable, historic architecture. Estimated 3,837 more residents in Downtown. 5. Residential rates increased 33% from 2011-2016. Average monthly rental rate is $1.60/SF.
- 42. The Royce 2,000 Sq. Ft. – $420K – Commercial
- 44. General Motors Experience Center 110,000 Sq. Ft. – Commercial
- 47. Hastings Place 189,660 Sq. Ft. – Mixed Use
- 48. Detroit Innovation Center 35,000 Sq. Ft. – $7.5M – Office
- 50. The Griswold $24M – Residential
- 52. 28Grand 101,000 Sq. Ft. – Mixed Use
- 54. Statler City Apartments $35-40M – Mixed Use
- 55. Parc 3,400 Sq. Ft. – $3.5M – Retail
- 57. The LTM Boutique 2,500 Sq. Ft.– Retail