nashville downtown partnership annual meeting presentation
TRANSCRIPT
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To make downtown Nashville the compelling urban center
in the Southeast in which to LIVE, WORK, PLAY and INVEST
©Warne Riker
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Downtown boundaries
Jefferson St. on the northInside the
Interstate loop
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More than $4 billion in public-private investments in downtown Nashville since
2000.
—$3 billion more planned—
©Warne Riker
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Two business improvement districts generate almost $2 million:– Central Business Improvement District – Gulch Business Improvement District
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Downtown as economic engineDowntown accounts for 0.5% of the land area in Davidson County.
Downtown generates 5.4% of all property taxes
©Warne Riker
and 18.7% of all retail taxes in Davidson County.
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Downtown office inventory
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1201 Demonbreun
Gulch Crossing
AdditionalClass A
Inventory
image courtesy 1201demonbreun.com
(coming 2016)
(now open)
70% leased 50% leased
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AdditionalClass A
Inventory
image courtesy GS&P
image courtesy Tennessean
Capitol View (2016)
Bridgestone Americas (2017)
100% leased
100% leased
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• LifeWay moving from current campus to new SoBro office tower
• Current campus under contract to mixed-use investors/developer
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Photo: C.B. Ragland/Hines
• C.B. Ragland Co. and
Hines• GS&P is an
anchor tenant• Opening 2017
Another new SoBro office tower
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55,000+ downtown employees
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Convention center redevelopment
Spectrum | Emery and OliverMcMillan mixed-use development
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In 2012, downtown had 3,290 hotel rooms
Now there are 4,685 rooms
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More hotelsUnder construction (904 rooms):• Westin• Tribute Portfolio by Starwood• ThompsonPlanned (2,287 rooms):• Printers Alley Hotel• JW Marriott• 21c Museum Hotel• plus more!
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Saturday, July 25:
Hampton Inn $379Holiday Inn Express $499
Saturday, July 25:
Waldorf Astoria $339Westin Times Square $305
Nashville New York City
Hotel Rates SkyrocketingPrices on a summer Saturday night in Nashville vs. New York City:
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Downtown development tourTake a tour of past, current, and future downtown developments!www.nashvilledowntown.com/invest/development-tour
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Low vacancy,High demand
Re-sale units on the market:all-time low 1.2-month supply
97% occupancy
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Over 8,300 downtown residentsProjected: 10,254 by the end of 2016
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Downtown retail
strategy
Implementing merchandising mix plan along active streets
Over 114 downtown shopping options
(compared to 36 in 2003)
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Downtown dining212 dining options … several garner national attention
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Two new venues:First Tennessee Park and Riverfront Park
image courtesy firsttennesseepark.com
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Two award-winning venues:Ryman Auditorium and Bridgestone Arena
Ryman Auditorium is #1 Theatre of the Year for 5th
consecutive year.
Mid 2015, Bridgestone Area ranked 2nd in the U.S. and
8th worldwide for ticket sales.
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Nissan Stadium
New naming rights for Nissan Stadium
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900 – 1,110 live music and events per month!
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Cleaning 7 days a week
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Ambassadors on Segways 7 days a week
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Connecting to families and jobs: Homeward Bound
• Connected 770 individuals with family, job or service options since June 2008
• While in Nashville, those individuals accounted for 6,118 arrests
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Housing First
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Housing first for chronic consumers
• Since July 2011, housed over 55 clients with combined history of 4,307 arrests during the previous 3 years
• Over 26,000 days of housing have been provided, and a projected 2,096 arrests have been prevented
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Park-and-ride shuttles for employeesTaking the weekday stress off downtown parking inventory
BEEP: Best Ever Event ParkingFree parking for Bridgestone Arena
events
FREE parking at Nissan Stadium
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New LED lights on Korean War Veterans Memorial Bridge
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590 hanging flower baskets from May to October
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31 stations
272 bikes
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All-time busiest months: April, May, June, July and August 2015
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“Periodically, a city has to have enough confidence in itself to invest in itself. We have
that confidence.” —Mayor Karl Dean
©Warne Riker
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2015 LEAD Sponsors
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2015 LEAD Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 ASSOCIATE Sponsors
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2015 IN-KIND Sponsor