2016 cbid annual meeting presentation
TRANSCRIPT
Nashville District Management CorporationCentral Business Improvement
District(CBID)
Property Owner Annual MeetingNovember 15, 2016
2017 Board Officers
Hugh QueenerChairman
John GuptonVice Chairman
Mauro MastrapasquaSecretary-Treasurer
ABOUT THE CBIDArea: 371 acres, 90
blocksin downtown Nashville
Current 10-year term: January 1, 2008-
December 31, 2017
Management agreement with the Nashville
Downtown Partnership to provide a wide range of
CBID services within these boundaries
Top CBID budget priority• Public space management– Clean team– Safety team, Hospitality
Ambassadors–Outreach Coordinator– Landscaping and beautification
58% of TOTAL 2016-2017 CBID BUDGET
Downtown clean teamsJanuary-October, 2016
• Removed 96,405pounds of trash
• Removed 4,435square feet of graffiti
Downtown clean teamsJanuary-October, 2016
• Power washed 352 block faces
• Power washed 949 alleys
Downtown clean teams
7 days per week, 6:30 am to 3 pm;
3 pm to 11 pm M-Fr, 2 team members
do pressure washing, other projects
Housing First Approach• Since July, 2011, a full-time Outreach
Coordinator has focused on providing housing and wraparound social services to individuals with highest number of arrests in the CBID. 9 of the top 15 are now in housing
• Several peer cities are duplicating this successful housing first model for outreach.
Outreach Results• 62 clients have received housing
placements since 2011• 22 have moved to permanent housing
with outside sources of support– 6 others are currently in transitional
housing with wraparound services• Based on the clients’ prior activity,
3,000 arrests have been prevented
Homeward Bound• Since June 2008, a total of 1,008
individuals have received transportation assistance to connect with families, jobs or support services
– Total program cost: $166,091
LIVE
2000: 1,960 2017: >12,0002018: 13,000 expected
Downtown Residents
Top 4 Reasons to Live Downtown53%
Urban experience
48.5% Central location
28.5% Arts/cultural events
27% Close to work
2016 Residential Survey
Strong market demand for purchase and rental
units
• 3-month supply of resale units on market
• Downtown rental occupancy: 97%
95% or higher since 2007
2,944 downtown residential unitsnow underconstruction
WORK
Class A vacancyas of Q3 2016
(3.5%)
• Two new Class A buildings in CBID since 2007– SunTrust Plaza– The Pinnacle at Symphony Place
• Two new Class A CBID towers under construction– Bridgestone HQ and 222 2nd Avenue
222 2nd Avenue Bridgestone Americas
New CBIDClass AOffice Towers in2017
• 24% increase in downtown employees since 2008– 2015 downtown business census reported 57,230
downtown employees (and more on the way)
Bridgetone Americas Warby Parker
Warner Music Group Houzz Inc.Wyatt Tarrant & Combs Hankook Tire Co.
New LYFT Customer Service
headquarters bringing 500 jobs
downtown by end of
2016
• 2003: 36 downtown shopping options• 2016: 105 downtown shopping options
• 2007: 135 downtown restaurants• 2016: 233 downtown restaurants
Downtown amenities24 coffee shops10 bakeries13 massage/chiropractic12 barbers, salons, nails10 fitness/dance studios 6 ice cream shops
4 post offices3 florists4 dentists2 urban grocery stores1 urgent care center
PLAY AND INVEST• Music City Center opened in 2013 strong need
for additional downtown hotel inventory• Since 2008, 6 new CBID hotels added 1,720
rooms• Today there are 5,417
downtown hotel rooms• 2,332 more (10 hotels) are
under construction• 3,676 more (14 hotels) are
actively being planned
Downtown development tourTake a tour of past, current, and future downtown developments!www.nashvilledowntown.com/invest/development-tour
Fifth + Broadway
10 Years: First Saturday Art Crawl
900 to 1,100 downtown events each month
Social Media• Twitter followers:
128,294• Facebook likes:
57,702• Instagram followers:
23,224 • Downtown Details subscribers:
20,684• Website pageviews, Oct 2016:
136,585
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@downtown_nashville