game changers: projects that transform the urban fabric
DESCRIPTION
2010 ULI Fall Meeting Presentation October 14, 2010 9:30 am to 10:45 amTRANSCRIPT
Game Changers: Projects That Transform the Urban
Fabric
Thursday,
October 14
9:30 a.m. – 10:45 a.m.
Sundance Square Fort Worth, Texas
Sundance Square Evolution
Sundance Square History
Public/Private Partnership
Sundance Square’s Evolution Public and Private Accomplishments
EARLY 80s
EARLY 90s
LATE 90s
• Sundance Square • Worthington • City Center
• Sundance West Residential Movies Retail
• Sundance East Retail Movies Offices
UDAG UMTA
Tax Abatement
TIF
Sundance Square History
Before
After
Before
After
Before
After
Before
After
Before
After
Overview
• +/- 40 blocks of CBD, mixed-use real estate
• Central location viewed as the “Prestigious Address” in Fort Worth
• Planned and managed as a single mixed-use development
• Core values in:
urban planning, pedestrian scale and rhythm, authenticity and organic growth
• Retail, Office, Residential and Parking
• Location and land portfolio is a barrier to Entry
Overview
• 2.9 million sf of GLA
• 330,000 sf of retail
• 2.3 million sf of office
• 78,000 sf or 118 Residential units
• 6,000 parking spaces
• Largest property tax payer in Tarrant County
Overview
• Retail – 97%
• Office – 93.2%
• Residential – 91%
• New Development:
• 2002 Sanguinet Building
• 2009 The Carnegie
Occupancy
Sundance Square
History • Began in the late 70’s • Philanthropic interest at first • Public and Private Partnership • Vision and interest in the city • Architect / Planner relationship
Sundance Square
The Plan
Vacant Lots & Parking Lots
Non-Friendly Pedestrian Edges
Street Grid Interrupted by Combined Blocks
Portion of Streets Separated from Downtown by Structures Spanning Over Streets
Overlay of Multiple Issues (Combined Blocks, Spanned Streets, Pedestrian Barriers)
Recommended Acquisitions
Final Plan with Proposed Downtown Public Square
Downtown Fort Worth Prior to Master Plan
1988 – Sundance West Apartment Building
1988 – Sundance AMC 11 Cinemas
1991 – Sanger Lofts
1992 – Fort Worth Central Library
1993 – Sundance Montessori School
1993 – Sundance East
1993 – Wells Fargo Building
1996 – Nancy Lee & Perry R. Bass Performance Hall
1997 – Maddox Muse Center
2002 – Bank One Building
2005 – Tarrant County Family Law Center & Garage
2006 – Sid Richardson Museum
2009 – The Carnegie Building
Fort Worth Downtown – 1988 Fort Worth Downtown – Present (with Proposed Central Plaza & Hotel)
Columbia Heights Washington, D.C.
Columbia Heights Redevelopment
Public Infrastructure Investment through Transit
Columbia Heights Redevelopment
Inclusive Public Process
Columbia Heights Redevelopment
Vibrant Public Spaces
Columbia Heights Redevelopment
DC USA Development
Columbia Heights Redevelopment
Seeding Public Investments
Columbia Heights Redevelopment
Program Activity
Columbia Heights Redevelopment
Commercial Tenants at DC USA