2013 nashville downtown partnership annual meeting & awards luncheon presentation
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2013 Nashville Downtown Partnership Annual Meeting & Awards Luncheon PresentationTRANSCRIPT
“To make downtown Nashville the compelling urban center in the
Southeast in which toLIVE, WORK, PLAY and INVEST.”
LIVE DowntownIn 2013, 7,286 people
do!
2013 Residential Inventory
• 4,554 housing units• 51% purchase
– 2,095 condos– 209 single family
homes
• 49% rental– 2,250 apartments
• 7,286 residents
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 72 re-sales available
(3+-month supply)
HIGH-RISE SALES PRICES UP
Rental Demand Soars!
Highest ever rental occupancy–98% in 2012 and 20132,250 rental units now; 475 under construction and 1,124 planned
TODAY IN THE GULCH
900 rental units577 condos
312 rental units under construction
Downtown Market
AnalysisCan absorb
another3,500 residential
units by 2017
Today: 4,554 units
+ 475 under construction
+ 1,124 planned
• YTD 49 new retail businesses have opened or announced
• 32 food establishments• 16 shopping options• 1 music and nightlife
•2012 retail openings: 52
Retail Growth in 2013
New Retail 2013
Johnny Cash Museum
Vincent Peach
Bettie Page Clothing
New Restaurants 2013
191 Downtown
Dining Options
Downtown Amenities17 coffee shops11 massage therapy11 barbers, hair salons, nails9 fitness centers/dance studios8 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
Historic Trolley Barns at Rolling Mill Hill
Work Spaces for Nonprofits, Entrepreneurs
Downtown Employee Appreciation Week
91% of employees
say working downtown
is FUN!
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 330 events since 2010, free parking for 45,000 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 August 31, 18,810
memberships(17,872 daily)
January-August, 201329,166 trips or bike checkouts
6,547,760 calories burned155,509 pounds carbon offset
Let’s take your company logo
for a spin!
Invest in this healthy
transportation option—Sponsor
In 2013, 541 hanging flower baskets on downtown streets
Downtown Clean TeamJanuary- August, 2013
•Removed 70,850 pounds of trash and 11,106 square feet of graffiti• Power washed 636 block faces and 882 alleys
2,038 miles logged on Segways Jan-Aug 2013
Hospitality Ambassadors offer
visitors guidebooks, maps and printouts
of directions, coupons
Photo : The Funky Umbrella
Bridgestone Arena
7th in Pollstar’s Top 10 for U.S. Concert
AttendanceMarch, 2013– 2nd busiest month in
arena’s history with 329,002 guests
Hosting 2014 NCAA Women’s Final Four
Platinum LEED Status for Bridge Building
1st in Tennessee4th greenest building
worldwide
INVEST
Spotlight on
SoBro
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.”
2013 Lead Sponsor
2013 Lead Sponsor
2013 Lead Sponsor
2013 Associate Sponsors
2013 Associate Sponsors
2013 Associate Sponsors
2013 Associate Sponsors
2013 Associate Sponsors
2013 Associate Sponsors
2013 In-Kind Sponsor