2016 cbid annual meeting presentation
TRANSCRIPT
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Nashville District Management CorporationCentral Business Improvement
District(CBID)
Property Owner Annual MeetingNovember 15, 2016
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2017 Board Officers
Hugh QueenerChairman
John GuptonVice Chairman
Mauro MastrapasquaSecretary-Treasurer
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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
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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
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Downtown clean teamsJanuary-October, 2016
• Removed 96,405pounds of trash
• Removed 4,435square feet of graffiti
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Downtown clean teamsJanuary-October, 2016
• Power washed 352 block faces
• Power washed 949 alleys
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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
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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.
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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
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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
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LIVE
2000: 1,960 2017: >12,0002018: 13,000 expected
Downtown Residents
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Top 4 Reasons to Live Downtown53%
Urban experience
48.5% Central location
28.5% Arts/cultural events
27% Close to work
2016 Residential Survey
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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
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2,944 downtown residential unitsnow underconstruction
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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
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222 2nd Avenue Bridgestone Americas
New CBIDClass AOffice Towers in2017
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• 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.
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New LYFT Customer Service
headquarters bringing 500 jobs
downtown by end of
2016
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• 2003: 36 downtown shopping options• 2016: 105 downtown shopping options
• 2007: 135 downtown restaurants• 2016: 233 downtown restaurants
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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
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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
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Downtown development tourTake a tour of past, current, and future downtown developments!www.nashvilledowntown.com/invest/development-tour
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Fifth + Broadway
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10 Years: First Saturday Art Crawl
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900 to 1,100 downtown events each month
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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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