dbusiness breakfast series: downtown detroit's resurgence
TRANSCRIPT
-
Eric B. LarsonChief Executive Officer Downtown Detroit Partnership
-
70,000
In 1960 Detroit had the highest per capita income of any city in the USA
DETROIT
but by 2013 it faced the highest poverty rate in the USA
50 % of the population are functionally illiterate
abandoned buildings
33% of city vacant or derelict
701,000 2013 population 1,850,000
1950 population
23% unemployment, the highest rate in the USA
60% child poverty rate
-
Global Urban Population Growth6.3 Billion
0
1
2
3
4
6
7
3.6 Billion 5
Where Will These Extra 2.7 Billion People Come From?
Top 5 Locations For Global Urban Population Growth (2010-2050)
Americas
Sub-Saharan Africa India China Other Asia & Oceania
Middle East & N. Africa
Europe
-
The Detroit Demand Out of 78 markets, Detroit ranks
#2 in Local Market Development #28 in Public and Private Investment
#61in Investor Demand #68 in Availability of Capital
-
Watching Detroits Real Estate MarketFrom those same 78 markets
#1 Austin#19 Chicago #50 Detroit #55 Cleveland#78 Buffalo
-
Square Miles People People/Per Acre Median Household Income Employees Housing Units
1.1 6,444
~7 $35,320 80,000 4,300
Downtown Detroit
-
The Woodward Corridor
-
LAFAYETTE
PAR
K
CH
ENE
HAR
BO
RTOWN
BEAU
BIE
N
MONROE
ELMW
OOD
CEM ETE
RY
ADAMS
FISHER FWY
LARNED
LAFAYETTE
WIT
HE
REL
L
6TH
RIV
AR
D
HOWARD
SAI
NT
ANTO
INE
ERSKINE
JOHN
CLO
DG
EFW
Y
WINDER
JO HN R
CAS
S
CLINTON
LEDYARD
STATE
JOS
EPH
CA
MPA
U
MC
DO
UG
ALL
TEMPLE
PETERBORO
ANTIE
TAM AN
TIETAM
SHE
LBY
WOODBRIDGE
MADISON
ALFRED
ADELAIDE
FAR
MER
TEM
PLE
BRO
OK
LYN
HENRY
MACOMB
DIVISION
HYDE PA
RK
RIO
PELL
E
PAR
K
ERSKINE
BRO
OK
LYN
BROA DW
AY
8TH
MONTCALME
PRIN
CE
HA L
L
TEMPLE
4TH
PIERCE
ALFRED
BEA
UBI
EN
MC
DO
UG
ALL
ELM
WO
OD
WIGHT
CIVIC CENTER
ROBERT BRADBY
HEIDELBERG
OR
LEA
N
1ST
BR
CH
RY
S
LER
BENSON
HUNT
OR
LEAN
S
ELLE
RYARNDT
CHARLEVOIXDU
BOIS
RIV
AR
D
WOODBRIDGE
LAFAYETTE
HENDRICKS
WILKINS
FRANKLIN
ATWATER
VERNOR
FORT CONGRESSLARNED
2ND
GRISW
OLD
CA
SS
WA
SHI N
GTO
N
GRA
ND
RIVER
BAGLEY
FISHER FWY
TRUM
BULL
JEFFERSON
3RD
JEFFERSON
SAIN
T A
UBI
N
5TH
3
3
1
10
85
12
375Elmwood
Cmtry
Cass
Duplessis
OrleansAtwater
Chene
Elmwood-Central
Dues
HartPlaza
Campau Park
Text
TextBuilding Permits, Issued 2012BIZ Boundary
0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 243
0 0.125 0.25 0.5Miles
Permits per Sq Mile
-
LAFAYETTE
PARK
CH
ENE
HAR
BO
RTOWN
BEAU
BIEN
MONROE
ELMW
OOD
CEM ETE
RY
ADAMS
FISHER FWY
LARNED
LAFAYETTE
WIT
HER
ELL
6TH
RIV
ARD
HOWARD
SAIN
TAN
TOIN
E
ERSKINE
JOHN
CLO
DG
EFW
Y
WINDER
JO HN R
CASS
CLINTON
LEDYARD
STATE
JOSE
PH C
AMPA
U
MC
DO
UG
ALL
TEMPLE
PETERBORO
ANTIE
TAM AN
TIETAM
SHELBY
WOODBRIDGE
MADISON
ALFRED
ADELAIDE
FARM
ER
TEM
PLE
BRO
OKL
YN
HENRY
MACOMB
DIVISION
HYDE PAR
K
RIO
PELL
E
PARK
ERSKINE
BRO
OKL
YN
BROA DW
AY
8TH
MONTCALME
PRIN
CE
HA L
L
TEMPLE
PRESTONSCOTT
4TH
PIERCE
ALFRED
BEAU
BIEN
MC
DO
UG
A LL
ELM
WO
OD
WIGHT
CIVIC CENTER
ROBERT BRADBY
OR
LEAN
S
1ST
BRU
S
CH
R YS
LER
BENSON
HUNT
OR
LEAN
S
ELLE
RYARNDT
CHARLEVOIXDU
BOIS
RIV
ARD
WOODBRIDGE
LAFAYETTE
HENDRICKS
WILKINS
FRANKLIN
ATWATER
VERNOR
FORT CONGRESSLARNED
2ND
GRISW
OLD
CA
SS
WA
SHI N
GTO
N
GRAND
RIVER
BAGLEY
FISHER FWY
TRUM
BULL
JR
JEFFERSON
MACK
3RD
JEFFERSON
SAIN
T A
UBI
N
5TH
3
3
1
10
85
12
375Elmwood
Cmtry
Cass
Duplessis
OrleansAtwater
Chene
Elmwood-Central
Dues
HartPlaza
Campau Park
Building Permits, Issued 2013BIZ Boundary
0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 250250.1 - 500
0 0.125 0.25 0.5Miles
Permits per Sq Mile
-
LAFAYETTE
PARK
CH
ENE
HAR
BO
R
BEAU
BIEN
MONROE
ELMW
OOD
CEM ETE
RY
ADAMS
FISHER FWY
LARNED
LAFAYETTEW
ITH
EREL
L
6TH
RIV
ARD
HOWARD
SAIN
TAN
TOIN
E
JOHN
CLO
DG
EFW
YWINDER
JO HN R
CASS
CLINTON
LEDYARD
STATE
JOSE
PH C
AMPA
U
MC
DO
UG
ALL
TEMPLE
ANTIE
TAM AN
TIETAM
SHELBY
WOODBRIDGE
MADISON
ALFRED
ADELAIDE
FARM
ER
TEM
PLE
BRO
OKL
YN
HENRY
MACOMB
DIVISION
HYDE PAR
K
RIO
PELL
E
PARK
BRO
OKL
YN
BROA DW
AY
8TH
MONTCALME
PRIN
CE
HA L
L
TEMPLE
4
ALFRED
BEAU
BIEN
MC
DO
UG
A LL
ELM
WO
OD
WIGHT
CIVIC CENTER
ROBERT BRADBY
OR
1ST
CH
R YS
LER
BENSO
HUNT
OR
LEAN
S
ARNDT
CHARLEVOIXDU
BOIS
RIV
ARD
WOODBRIDGE
LAFAYETTE
HENDR
WILKINS
FRANKLIN
ATWATER
VERNOR
FORT CONGRESSLARNED
2ND
GRISW
OLD
CA
SS
WA
SHI N
GTO
N
GRAND
RIVER
BAGLEY
FISHER FWY
TRUM
BULL
JEFFERSON
3RD
JEFFERSON
SAIN
T A
UBI
N
5TH
3
3
1
10
85
12
375Elmwo
Cmtr
Cass
Duplessis
OrleansAtwater
Chene
Elmwood-Central
Dues
HartPlaza
Campau ParkText
Text Building Permits, Issued 2014BIZ Boundary
0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 250250.1 - 500500.1 - 679.8
0 0.125 0.25 0.5Miles
Permits per Sq Mile
-
LAFAYETTE
PARK
CHEN
E
HARB
ORTOWN
BEAU
BIEN
MONROE
ELMW
OOD
CEM ETE
RY
ADAMS
FISHER FWY
LARNED
LAFAYETTE
WIT
HERE
LL
6TH
RIVA
RD
HOWARD
SAIN
TAN
TOIN
E
ERSKINE
JOHN
CLO
DGE
FWY
WINDER
JO HN R
CASS
CLINTON
LEDYARD
STATE
JOSE
PH C
AMPA
U
MC
DOUG
ALL
TEMPLE
PETERBORO
ANTIE
TAM AN
TIETAM
SHELBY
WOODBRIDGE
MADISON
ALFRED
ADELAIDE
FARM
ER
TEM
PLE
BRO
OKL
YN
HENRY
MACOMB
DIVISION
HYDE PAR
K
RIO
PELL
E
LUDDEN
PARK
ERSKINEBR
OO
KLYN
BROA DW
AY
8TH
MONTCALME
PRIN
CEHA
LL
TEMPLE
PRESTONSCOTT
4TH
PIERCE
ALFRED
BEAU
BIEN
MC D
OUG
A LL
ELM
WO
OD
WIGHT
CIVIC CENTER
ROBERT BRADBY
HEIDELBERG
HALE
ORL
EANS
1ST
BRUS
H
CHR Y
S
LER
BENSON
HUNT
ORL
EANS
ELLE
RYARNDT
CHARLEVOIXDUB
OIS
RIVA
RD
WOODBRIDGE
LAFAYETTE
HENDRICKS
WILKINS
FRANKLIN
ATWATER
VERNOR
FORT CONGRESSLARNED
2ND
GRISW
OLD
CA
SS
WA
SHI N
GTO
N
GRAND
RIVER
BAGLEY
FISHER FWY
TRUM
BULL
MARTIN LUTHER KING JR
JEFFERSON
3RD
JEFFERSON
SAIN
T A
UBI
N
5TH
3
3
1
10
85
12
375Elmwood
Cmtry
Cass
Duplessis
OrleansAtwater
Chene
Elmwood-Central
Dues
HartPlaza
Campau ParkText
TextBuilding Permits, Issued 2015BIZ Boundary
0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 250250.1 - 500500.1 - 720.4
0 0.125 0.25 0.5Miles
Permits per Sq Mile
-
Progress Towards Goals: Retail
Supporting Downtown:
Infrastructure improvement plan Business sign ordinance update Advocacy with city departments (Zoning/historic)
Capitol Park Retail
2016 Occupancy Pipeline
31% 78%
Woodward Retail
Pipeline2016 Occupancy32% 58%
-
LARNED
PARK
BREWERY
PA
RK
BEAUBIEN
2ND
LAFAYETTE
MONROE
ELIZABETH
ADAMS
FISHER FWY
2ND
ANTIE
TAM
ABBOTT
HOWARD
LAFAYETTE
WINDER
WITH
EREL L
6TH
RIV
ARD
FISHER FWY
BATE
S
CLIFFORD
RIVERFR
O NT
DUCHA
RME PL
RIO
PELL
E
CLIFFO
RD
J OH
NC
LODG
EFW
Y
OR
LEAN
S
NICOLE
TPL
RIOPELL
E
CHRYSL ER
LAFAYETTE
PLAZA
JOLIET PL
SAIN
T AN
TOIN
EMONTCALM
GR
ISW
OLD
COLUMBIA
GRAN
D RIV
ER
WINDERJO
HN WINDER
JOHN
R
CASS
CLINTON
STATE
SHELBY
MADIS
ON
FARM
ER
HENRY
MACOMB
BRO
OKL
YN
BROADWAY
MONTCALME
BEAU
BIEN
CIVIC CENTER
1ST
BRU
SH
YSLER
OR
LEAN
S
FRANKLIN
WOODBRIDGE
LAFAYETTE
ATWATER
FORTCONGRESS
LARNED
2ND
GRISW
OLD3R
D
CA
SS
WA
SHIN
GTO
N
D RIVER
BAGLEY
FISHER FWY
JEFFERSON
3RD
JEFFERSON
SAIN
T A
UBI
N
5TH
31
10
10
85
12
12
375
75
GrandCircusPark
GrandCircusPark
LafayettePlassance
LafayetteCentral
LafayetteEntrance
Orleans
Due
HartPlaza
Text
0 1,000 2,000500Feet
Active Liquor Licenses, 2013Active Liquor Licenses, 2016BIZ Boundary
-
Property Ownership in Downtown Core
Rock Ventures: 60% Karp & Associates: 6% Princeton Mgmt: 5% Olympia: 3% Roxbury Group: 3% Mike Higgins: 3% Broder-Sachse: 1% Other: 19%
-
Rock Ventures-Controlled Properties
Over 60% of street frontage in Downtown core controlled by Rock Ventures
Focus area for 2016-2017 DDP project implementation
-
Where We Were1993-2003: 0 new residential units
-
2003-2016: Where We Are
902 new residential units
Demand for 1,400+ residential units per year: 900 new residents from Live Downtown program
-
Where Were Going1,300 new Downtown
units
-
Grand Circus Park Survey
48%live+workDowntown 87%walkorpeoplemover 99%desiregroceryretail
-
Declining employment population:
Where We Were
65,000
-
New Downtown employees since 2010:
Where We Are
16,00080,000 total
-
Where Were Going
-
Wurlitzer Building
-
The Metropolitan Building - element
-
The Foundation Hotel
-
Shinola Detroit Hotel
-
The Royce
-
The LTM Boutique
-
Parc
-
Lear Corp. Detroit Innovation Center
-
Microsoft
-
General Motors Experience Center
-
Hastings Place
-
The Griswold
-
28Grand
-
Statler City Apartments
-
Elton Park - Corktown
-
The Crawford
-
2100 & 2120 Trumbull
-
The Robertson
-
Checker Alley
-
The District Detroit
-
Justice Complex
-
Proposed MLS Arena
-
Monroe Block
-
Changing the Landscape
-
Downtown Mobility VisionThe Downtown Detroit Partnership is committed to creating a more walkable, bikable, transit friendly Downtown that supports economic growth and increases access for all.
-
Library St & GratiotWoodward Ave. Concept
-
Detroit Bike Share Phase 1: 420 bicycles, 42 stations
Phase 2: 250+ bicycles, 25+ stations
Potential membership options:
Annual ($70 - $90) Monthly ($15 - $20) Daily ($7 - $10) Subsidized and cash payment options
Year One Projections: 100,000 trips
M-1 RAIL - QLine
-
Grand River and Griswold
-
Griswold - Capitol Park
-
Bike ShareDetroit Bike Share
-
Campus Martius Park
-
Capitol Park
-
Grand Circus Park
-
DTE Energy Grand River Park
-
Top 5 Things to Know About Downtown Development1. 164 building permits pulled in Downtown/CBD. 2. Downtown experienced 6% job growth between 2011 and 2014. 3. Office vacancy decreased 25% from 2011- 2016. Current office vacancy is 18%. 4. Over 2,558 residential units in the pipeline - New and rehabilitating Detroits valuable, historic architecture. Estimated 3,837 more residents in Downtown. 5. Residential rates increased 33% from 2011-2016. Average monthly rental rate is $1.60/SF.
-
What Has Driven Change? Partnership Public, Private and Philanthropic Coordination Targeted Geography Focused Resources Safe, Clean and Inviting
-
Say Hello:
PHONE
313.566.8250
WEB
www.downtowndetroit.org
EMAIL
One Campus Martius Suite 380Detroit, MI 48226