2009 annual meeting presentation
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TRANSCRIPT
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NASHVILLE DOWNTOWN PARTNERSHIP NASHVILLE DOWNTOWN PARTNERSHIP
2009 Annual Meeting 2009 Annual Meeting
and Awards Luncheonand Awards LuncheonSeptember 23September 23
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““To make To make
downtown downtown
Nashville the Nashville the
compelling urban compelling urban
center in the center in the
Southeast in Southeast in
which to LIVE, which to LIVE,
WORK, PLAY and WORK, PLAY and
INVEST”INVEST”
NASHVILLE DOWNTOWN NASHVILLE DOWNTOWN PARTNERSHIPPARTNERSHIP
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Explosion of condo units in The Gulch– three high-rise condo developments open– almost 800 new units
Larger scale projects downtown: 3 with over 250 units,1 with more than 400 units since 2006
LIVLIVE:E:
Adapting Now and Planning for Adapting Now and Planning for ReboundRebound
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LIVE IT UP! LIVE IT UP! 2009 Downtown Home Tour2009 Downtown Home Tour
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HOME TOURS, 2004 - 2009
ATTENDANCE: over 6,500
ECONOMIC IMPACT: $46 million in sales, leases
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1. The urban experience2. Central location and
convenience3. Being close to work
2009 TOP REASONS TO CHOOSE 2009 TOP REASONS TO CHOOSE AN URBAN LIFESTYLEAN URBAN LIFESTYLE
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DOWNTOWN LOCATION IS DOWNTOWN LOCATION IS A SUSTAINABLE CHOICEA SUSTAINABLE CHOICE
Existing infrastructure, options for transportation
Easy access to highways Walkability factor (for lunch, business meetings, after hours entertainment and sports)
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THE Business Center
• >7 million square feet commercial inventory
• 56% Class A
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New New Inventory Inventory 2007-20092007-2009
Over 900,000 Over 900,000 square feet of square feet of
new commercial new commercial space added in space added in
downtown downtown NashvilleNashville
SunTrust Plaza, 2007
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WHY WORK DOWNTOWN?“Culturally, it’s an enormous difference …
all positive. Being downtown is a kick, too. You … feel like you’re really in a city.”
- Luke LewisChairman, Universal Music Group
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The Pinnacle at The Pinnacle at Symphony Symphony
PlacePlace
Adds 520,000 SF of Adds 520,000 SF of world class world class commercial spacecommercial space
Bass, Berry & Bass, Berry & Sims, PLC (late Sims, PLC (late 2009) and Pinnacle 2009) and Pinnacle Financial Partners Financial Partners (early 2010) as key (early 2010) as key tenantstenants
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Car Share Program
2nd Quarter 2010
• Positive environmental impact, with each shared car replacing 15 privately owned vehicles
• Cost-effective option for businesses and residents downtown
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Banner Year for Downtown Retail
• Over 30 new retail stores opened or announced January-August 2009
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Over 50% of new retailers in 2009 are food establishments
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Downtown AmenitiesDowntown Amenities
1 urban grocery 2 florists 4 dentists 5 bakeries 9 fitness centers 12 barbers, hair
salons, nails 13 banks 16 coffee shops
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LP Field Park and Ride Initiative
• Over 900 monthly riders on two routes
• Free parking, $25 monthly shuttle passes means at least $1,000 in annual savings
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PARK IT! Express ShuttlesPARK IT! Express Shuttles• Cost-effective option for prospective downtown tenants
• Solutions for employees and patrons when parking demand and supply shift
• Potential for evening and weekend event-driven parking with shuttle options
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www.parkitdowntown.com
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DOWNTOWN DOWNTOWN IS IN IS IN
FULL BLOOMFULL BLOOM
From 64 hanging baskets in 2008 to
OVER 300 in 2009!
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Maximizing the Visual ImpactMaximizing the Visual Impact
2010 focus on small pockets of green space (e.g., boulevard medians) for appropriate landscaping
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• 12 floral towers on key downtown plazas
• 2009 pilot program by local flower growers at Holtkamp Greenhouses
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Major Major Civic Civic Vista Vista
Gets A Gets A New New LookLook
DEADERICK DEADERICK STREETSTREET
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New Palette for
Activating the Street
(e.g, Retail Kiosks)
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Public-private investments downtown since 2000 >$3 billion
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The Hermitage The Hermitage Hotel 100Hotel 100thth Anniversary Anniversary
YearYear
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Urban Core Urban Core DistrictDistrict January- January-
July 2009July 2009
•Removed 122,000 pounds of trash
• Removed over 6,000 square feet of graffiti
• Power washed 573 block faces, 573 alleys
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On the MoveOn the Move
•Monitoring streets, sidewalks, Metro parking garages and LP Field park and ride lots
• Total patrol miles (Segways, bikes) January - July 2009: 1,938 miles
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Clean and Clean and SafeSafe
Total area serviced
(downtown CBID and GBID) has increased by 44% since
2007
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2009 CMA Music Festival
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New Music City ZoneNew Music City ZoneCMA Music Festival 2009CMA Music Festival 2009
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2009 LiveOnTheGreen2009 LiveOnTheGreen
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First Saturday Art CrawlFirst Saturday Art Crawl
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5 Museums
17 Art Galleries
Schermerhorn Symphony Center
Ryman Auditorium
Sommet Center
LP Field
Tennessee Performing Arts Center
Nashville Children’s Theatre
Frist Center for the Visual Arts
Country Music Hall of Fame and Museum
Arts & Arts & EntertainmentEntertainment
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Enjoy the Concert!Enjoy the Concert!
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2009 Lead Sponsors2009 Lead Sponsors
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2009 Associate Sponsors2009 Associate Sponsors
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2009 Associate Sponsors2009 Associate Sponsors
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2009 Associate Sponsors2009 Associate Sponsors
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2009 Associate Sponsors2009 Associate Sponsors
In-Kind Sponsor