2013 cbid annual meeting
DESCRIPTION
TRANSCRIPT
Nashville District Management Corporation
Annual CBID Property Owner MeetingNovember 12, 2013
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 toprovide wide range of CBID services
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
Downtown Clean TeamJanuary- October, 2013
• Removed 85,365 pounds of trash and 12,976 square feet of graffiti• Power washed 835 block faces and 1,072 alleys
Increase in Graffiti
125% increase in graffiti since 2012. Quick response by the cleaning team helps prevent recurrences.
BEFORE
AFTER
Hospitality Ambassadors offer
visitors guidebooks, maps, printouts of
directions and coupons.
YTD over 10,000 printouts and over
2,700 coupons
2,513 miles logged on Segways Jan- Oct, 2013
In 2013, 541 hanging flower baskets on downtown streets
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
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
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
LIVE DowntownIn 2013, 7,286 people
do!
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
Rental Demand Soars!
Highest ever rental occupancy–98% in 2012 and 20132,250 rental units now; 475 under construction and 1,124 planned
Downtown Market
AnalysisCan absorb
another3,500 residential
units by 2017
Today: 4,554 units
+ 475 under construction
+ 1,124 planned
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
• YTD 54 new retail businesses have opened or announced
• 32 food establishments• 21 shopping options• 1 music and nightlife
•2012 retail openings: 52
Retail Growth in 2013
New Retail 2013
Johnny Cash Museum
Bettie Page Clothing
195 Downtown
Dining Options
Downtown Amenities18 coffee shops12 massage therapy11 barbers, hair salons, nails9 fitness centers/dance studios9 bakeries
5 ice cream/yogurt shops4 post offices3 florists2 urban grocery stores1 urgent care center
7.5 million square feet commercial office inventory downtown
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
50,335 Downtown Employees and
Growing!
UBS Tower in 2014
1,000+ new jobs
Asurion: 500 jobs
came downtown in
late 2012
ServiceSource:
tied for 9th largest downtown employer
in 2012
Sony/ATV Music Publishing moving downtown with 200 new jobs!
Record $153 million sale to Highwood
Properties
Strong Investor Interest
andBuilding Sales
$103 million sale to Alliance Partners
HSP LLC
Historic Trolley Barns at Rolling Mill Hill
Work Spaces for Nonprofits, Entrepreneurs
Downtown Employee Appreciation Week
91% of employees
say working downtown
is FUN!
STRONG SOCIAL MEDIA PRESENCE
Over 31,000 friends on FacebookOutpacing downtown groups in peer cities,
top local print and radio media outletsOver 31,000 followers on multiple Twitter accounts
nashvilledowntown.com
NEW responsive website fits screen of device
being used
Image & Communications
LP Field Park and Ride
Option forEmployees
2010-2012: average of 14,221
monthly riders on 3 routes
Free weekday parking; $25 for monthly shuttle
passes
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
Bike Share, Car Share and
Free Circulator, MTA’s Music City Circuit
195 Nashville B-cycles at 21
kiosks within3 miles of downtown
As of November 3, 23,038
memberships(21,942 daily)
January-October, 201344,800 trips or bike checkouts
7,421,560 calories burned176,262 pounds carbon offset
Photo : The Funky Umbrella
Record daily attendance of over 80,000!CMA Festival in June, 2013
Bridgestone Arena
5th in Pollstar’s Top 10 for U.S. Concert
AttendanceMarch, 2013– 329,002 guests— 2nd busiest month in
arena’s historyHosting 2014 NCAA Women’s Final Four
Hosting 9 SEC men’s and 3 women’s
tournaments from 2015 to 2026
Platinum LEED Status for Bridge Building
1st in Tennessee4th greenest building
worldwide
INVEST
Spotlight on
SoBro
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
Proposed West Bank Park at Thermal Site
2013 Board of Directors
“To make downtown Nashville the compelling urban center in the
Southeast in which to LIVE, WORK, PLAY and INVEST.”