developer workshop october 18, 2011 market opportunities
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DEVELOPERWORKSHOP
OCTOBER 18, 2011
Market Opportunities
Moline and The Quad City Market
Souce: Quad Cities First www.quadcitiesfirst.com
Employer Employees
Rock Island Arsenal 6,000-8,500
Deere & Company 6,300
Group O Companies 800
Kone 450
United Healthcare 520
Mid American Energy 1,025
Alcoa 2,250
Trinity Regional Health System 2,900Genesis Regional Health System 4,900
Major Employers with Potential Impact On Site Development
Developmental Context
History of Public/Private InvestmentDowntown Investment
Private Investment Public InvestmentProject City State Federal
i-Wireless Center $6,745,427 $15,821,930 $20,000,000 $800,000 Heritage Place $13,000,000 $3,100,000 $0 $0 LeClaire Hotel $9,500,000 $1,000,000 $0 $0 John Deere Commons $15,000,000 $2,000,000 $0 $0 Riverfront Mixed Use $9,000,000 $25,000,000 $0 $0 Heart of America $4,577,500 $1,200,000 $0 $0 Watermark Corners $1,400,000 $210,000 $0 $0 Caxton Block $5,500,000 $825,000 $0 $0 Red Cross HQ $2,300,000 $0 $0 $0 Quad City Rowing Club $750,000 $0 $0 $0 J D Collectors Center $5,000,000 $750,000 $0 $0 Fifteenth Street Stretscaping $0 $763,000 $0 $0 Bass St Landing Public Imp. $0 $5,250,000 $0 $3,000,000 Three Kings of Moline $510,000 $90,000 $0 $0 Reliance Building $935,000 $165,000 $0 $0 Stoney Creek Inn $6,200,000 $3,800,000 $0 $0 Uniform Den $360,000 $90,000 $0 $0 Gateway Lofts $1,800,000 $183,064 $0 $0 Enterprise Lofts $12,000,000 $200,000 $0 $0 KONE Tower $0 $0 Washington Sq. Apartments $0 $100,000 $0 $1,522,000 WIU Riverfront Campus Ph 1 $0 $0 $15,000,000 $0 Indecco building $0 $160,875 $0 $0 corner lot 17th St & River Dr $0 $199,125 $0 $0 John Deere IT Parking $0 $527,900 $0 $0 Amtrak Station $0 $1,300,000 $0 $0 Hendricks property $0 $1,365,140 $0 $0 JDC Riveredge $0 $0 $454,900 $0 River Drive Streetscaping - 25th St - 34th St $0 $0 $838,357 $0 Metro Transit Facility $0 $0 $0 $3,153,000 River Drive Reconstruction $0 $0 $0 $599,000 Police Station $0 $12,010,143 $0 $0
United Health Care Parking Deck $0 $4,480,032 $0 $600,000 Heritage Parking Deck $0 $3,277,383 $0 $0 Midtown Parking Deck $0 $7,601,712 $0 $0 RiverTech BoulevardFifth Ave. Reconstruction Ph 1 $0 $1,601,800 $0 $960,000
$94,577,927 $93,072,104 $36,293,257 $10,634,000
Total Investment $234,577,288
More than $300 million
public/private dollars
invested in more than 35 projects over
the last 15 years.
Development Drivers: Visitors, Tourists and the Train
Population 584 10,778 180,937 380,829
Households 203 4,143 75,625 153,835
Avg Person Per Hshld
2.81 2.56 2.32 2.42
Median Hhld Income
$30,822 $42,166 $48,151 $51,378
Median Age 30.1 32.1 38.0 39.0
Housing % Own 28.6 % 44.6 % 58.1 % 65.2 %
Housing % Rent 53.2 % 42.7 % 31.6 % 26.5 %
Employees/Businesses
1,785/120 7,428/612 119,586/8,685 195,518/15,848
Within ¼ MI Within 1 MI Within 5 MIWithin the MSA
Region
Development Drivers- Market Area Populations
Development Drivers- Tourists and Visitors
•I Wireless Center•John Deere Pavilion and Commons•Centre Station•Riverfront Bike Paths and Chanel Cat Taxi•Business Travelers•Education and University
Trends to Build Upon• Public and Private sector commitment to Moline and downtown Moline.• Growth and Development of Western Illinois University Downtown
Campus; Entrepreneurial Corridor• Proven strength of market: “Affordable” and market rate rental housing;
loft and renovated housing in the downtown• Hotels, particularly long term stay and moderate/first class downtown
properties• Daytime employee support for restaurants, specialty and service stores.
Proximity of 5th Avenue and River Drive restaurant/specialty corridor• Medical/Professional office markets• Embracing THE river• Regional Sports (ASA Softball and iWireless)• Strength of downtown market and activity• The Train and the continued building of the city and the region
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