Nashville Downtown Partnership Annual Meeting Presentation
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Transcript of Nashville Downtown Partnership Annual Meeting Presentation
To make downtown Nashville the compelling urban center
in the Southeast in which to LIVE, WORK, PLAY and INVEST
©Warne Riker
Downtown boundaries
Jefferson St. on the northInside the
Interstate loop
More than $4 billion in public-private investments in downtown Nashville since
2000.
—$3 billion more planned—
©Warne Riker
Two business improvement districts generate almost $2 million:– Central Business Improvement District – Gulch Business Improvement District
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.
Downtown office inventory
1201 Demonbreun
Gulch Crossing
AdditionalClass A
Inventory
image courtesy 1201demonbreun.com
(coming 2016)
(now open)
70% leased 50% leased
AdditionalClass A
Inventory
image courtesy GS&P
image courtesy Tennessean
Capitol View (2016)
Bridgestone Americas (2017)
100% leased
100% leased
• LifeWay moving from current campus to new SoBro office tower
• Current campus under contract to mixed-use investors/developer
Photo: C.B. Ragland/Hines
• C.B. Ragland Co. and
Hines• GS&P is an
anchor tenant• Opening 2017
Another new SoBro office tower
55,000+ downtown employees
Convention center redevelopment
Spectrum | Emery and OliverMcMillan mixed-use development
In 2012, downtown had 3,290 hotel rooms
Now there are 4,685 rooms
More hotelsUnder construction (904 rooms):• Westin• Tribute Portfolio by Starwood• ThompsonPlanned (2,287 rooms):• Printers Alley Hotel• JW Marriott• 21c Museum Hotel• plus more!
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:
Downtown development tourTake a tour of past, current, and future downtown developments!www.nashvilledowntown.com/invest/development-tour
Low vacancy,High demand
Re-sale units on the market:all-time low 1.2-month supply
97% occupancy
Over 8,300 downtown residentsProjected: 10,254 by the end of 2016
Downtown retail
strategy
Implementing merchandising mix plan along active streets
Over 114 downtown shopping options
(compared to 36 in 2003)
Downtown dining212 dining options … several garner national attention
Two new venues:First Tennessee Park and Riverfront Park
image courtesy firsttennesseepark.com
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.
Nissan Stadium
New naming rights for Nissan Stadium
900 – 1,110 live music and events per month!
Cleaning 7 days a week
Ambassadors on Segways 7 days a week
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
Housing First
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
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
New LED lights on Korean War Veterans Memorial Bridge
590 hanging flower baskets from May to October
31 stations
272 bikes
All-time busiest months: April, May, June, July and August 2015
“Periodically, a city has to have enough confidence in itself to invest in itself. We have
that confidence.” —Mayor Karl Dean
©Warne Riker
2015 LEAD Sponsors
2015 LEAD Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 ASSOCIATE Sponsors
2015 IN-KIND Sponsor