2012 state of downtown luncheon
DESCRIPTION
On November 19, 2012, Downtown Alliance presented the state of our center city featuring speakers covering the convention and visitor industry, commercial office and retail leasing, and the downtown housing market. Casandra Matej - Executive Director, San Antonio Convention & Visitors Bureau Dennis McDaniel - President, Austin Fairchild Management Company (Steel House Lofts) Lindsey Tucker - Vice President, CBRETRANSCRIPT
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Special thanks to our generous sponsors:
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Special thanks to our venue sponsor:
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#sodtsa
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San Antonio
Convention & Visitors Bureau
Casandra Matej, Executive Director
November 19
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Economic Impact
• 28 million visitors
• $12 billion economic impact
• 112,531 employed
• $162M+ taxes & fees to the City
• $300M+ taxes to local governments
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Competitive Landscape
• Competitive set continues to invest in
their product
• Austin, Dallas, and Houston are all
making major improvements with their
group meetings and leisure product
• Convention Center expansion impact
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Convention Center Expansion
• Increases total prime contiguous exhibit space from
426,600 sq. ft. to at least 500,000 sq. ft.
• New Exhibit Ballroom – column free – 80,000 – 90,000 sq. ft.
• New Grand Ballroom – largest in TX at over 50,000 sq, ft,
• Flexible Meeting and Ballroom Space
• Consistent quality throughout convention center
• Improve competitive position nationally
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Convention Center Expansion
Timeline
Design Start October 2012
Construction Start September 2013
Construction Complete April 2016
West End Demolition Complete July 2016
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• Major Upcoming Developments
• Tobin Center for the Performing Arts
• River Walk expansion
• UNESCO Designation for Spanish Missions
Looking Ahead
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•More Major Upcoming
Developments
• Broadway Reach
• Hemisfair Park Redevelopment
• 300th Birthday
Looking Ahead
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• Based on consumer research
• Generated more than 200,000 new Facebook “Likes”
• Engaged consumers with 4K+ submitted photos
• First DMO to create and implement a completely consumer-generated
campaign
“Remember the…” Campaign
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2013 Initiatives
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2013 Initiatives
Certified Tourism
Ambassador Program
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Integrated Sales
Strategy
2013 Initiatives
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Weston Centre
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Dennis McDaniel President Austin Fairchild Management Company Steel House Lofts
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SA2020 VISION PROCESS
Achieve
greater
balance
Diversify
product
types
Attract
residents,
workers
Improve
living
experience
Dream It
Map It
Do It
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Strategic Framework Plan Recommendations
Housing First Strategy
Creating a Vibrant Place
Strategic Framework Plan
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Growth and equilibrium
SENSE OF
COMMUNITY TOURISM
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Center City
Today
7,000
12,000
SA2020
+5,000
14,500
Recommendation
+7,500
Housing First Strategy: Set 7,500 housing unit growth target
Housing Units by 2020
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0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Potential for housing growth
Population Per Square Mile
CBD 2-Mile Radius of Comparable Cities
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Current Status of Center City MF Housing
Existing Apartments 3,343 Units Existing Condos 596 Units Apartments Under Construction 406 Units Apartments Proposed 856 Units Condos Proposed 42 Units
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New Units Since SA2020 Vision Announced
Existing 1,080
Proposed 448
TOTAL 1,528
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1221 Broadway
Scope Total Investment: $46,275,914 Total Units: 309 Market Rate Apts. Rent Per Square Foot: $1.40 Public Improvements: $2,000,000
Schedule 270 Units opened in August 2011 100% Occupied 39 units under construction
Contact Developer: AREA Real Estate, LLC Contact: David Adelman, Principal 210.417.4314
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Cevallos Lofts
Scope Total Investment: $39,000,000 Total Units: 252 Mixed Income Apartments Rent Per Square Foot: $1.25
Schedule Project opened in January 2012 98% Occupied
Contact Developer: The NRP Group Contact: Dan Markson, Senior Vice President 210.487.7878
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Can Plant Residences at Pearl – 503 Avenue A
Scope Total Investment: $40,070,590 Total Units: 293 Market Rate Apts. Rent Per Square Foot: $1.65 Public Improvements: $624,078
Schedule Phase I opened July 2012 Phase II & III open late Fall 2012
Contact Developer: Rio Perla Properties Contact: Elizabeth Fauerso, CMO 210.269.6027
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1800 Broadway
Scope Total Investment: $28,989,700 Total Units: 221 Market Rate Apts. Rent Per Square Foot: $1.47 Public Improvements: $855,891
Schedule Project will open December 2012
Contact Developer: Criterion Broadway Contact: Pretlow Riddick, President 214.393.4107
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The Mosaic – 1915 Broadway Scope Total Investment: $21,994,633 Total Units: 120 Mixed Income Apts. 108 Market Rate Apts. 12 Affordable Apts. Rent Per Square Foot: $1.60 12,000 sq. ft. of ground floor retail space Public Improvements: $340,000
Schedule Project will open March 2013
Contact Developer: Broadway Developments Contact: George Mauze, President 210.444.1915
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1010 S. Flores
Scope Total Investment: $7,453,204 Total Units: 56 Market Rate Apt. Rent Per Square Foot: $1.40 Public Improvements: $358,325
Schedule Project will open in Spring 2013
Contact Developer: Landbridge Partners Contact: Sunshine Thacker, Partner 210.912.7725
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Blue Star Phase II – 500 Block of Blue Star
Scope Total Investment: $42,705,845 Total Units: 320 Rent Per Square Foot: $1.50 Public Improvements: $2,200,000
Schedule Project will open in Fall 2014
Contact Developer: The NRP Group Contact: Dan Markson, Senior Vice President 210.487.7878
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River North Multi-Family – Ave. E & 13th
Scope Total Investment: $31,500,000 Total Units: 256 Market Rate Apts. Rent Per Square Foot: $1.65 Public Improvements: $725,000
Schedule Project will open Spring 2015
Contact Developer: Hixon Properties Contact: John Beauchamp, Vice President 210.225.3053
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Residences at Brackenridge Hill – E. Mulberry at Brackenridge
Scope Total Investment: $32, 727,319 Total Units: 280 Rent Per Square Foot: $1.44 Public Improvements: $783,126
Schedule Project will open Fall 2013
Contact Developer: Embrey Partners Contact: Robert Hunt, Executive Vice President 210.804.5255
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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Thank You!
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Special thanks to our generous sponsors:
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Special thanks to our venue sponsor:
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downtownsanantonio.org
Thank You!
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“Great cities have great
downtowns”