Welcome to the CEO Summit

Chapel Hill-Carrboro

Chamber of Commerce

Thank you to our lunch sponsor

WELCOME AND INTRODUCTIONS

Chapel Hill-Carrboro Chamber of Commerce

ECONOMIC UPDATE

Percent Renter-Occupied

61.5%

35.9%

52.4%

18.1%

0% 10% 20% 30% 40% 50% 60% 70%

Carrboro

Hillsborough

Chapel Hill

Rest of Orange County

U.S. Census Bureau

Number of Homes Sold in Orange County

0

200

400

600

800

1000

1200

1400

1600

1800

2000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

1886

1,126

1628

Orange County Average Sales Price

$200,000

$220,000

$240,000

$260,000

$280,000

$300,000

$320,000

$340,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

$262,920

$342,740

$319,229

$327,758

Chapel Hill-Carrboro School District Median Sales Price per Sq Ft

Triangle Multiple Listing Service

164

160 157

154

149 146

153

135

140

145

150

155

160

165

170

2007 2008 2009 2010 2011 2012 2013

2013 Average Home Price by County

Triangle Multiple Listing Service * 2012

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Durham Wake* Chatham Orange CHCCS

$201,255

$255,000

$320,212 $327,758

$369,606

Residential Building Permits

Home Builders Association of Durham, Orange, & Chatham * Through October 2013

47 28

111

0

100

200

300

400

500

600

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013*

Carrboro

Chapel Hill

Orange County (incl. Hillsborough)

Unemployment Over Time

5.8

4.3

6.7

4.6

10.9

7.0

-

2.0

4.0

6.0

8.0

10.0

12.0

Chapel Hill

Orange County

North Carolina

Chapel Hill Residents Employed

NC Department of Commerce

22,291

25,687

28,731

20,000

21,000

22,000

23,000

24,000

25,000

26,000

27,000

28,000

29,000

30,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan-14

Orange County Residents Employment

NC Department of Commerce

61,446

65,119

70,452

60,000

62,000

64,000

66,000

68,000

70,000

72,000

Unemployed Individuals

NC Department of Commerce

2,807

4,083

1,000

1,525

0

1,000

2,000

3,000

4,000

5,000

6,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Orange County Chapel Hill

Projected New Job Growth 2009-2014

153 266

736 259

1,845 2,045

124 481

185

0 500 1,000 1,500 2,000 2,500

Construction

Information

Prof/Scientific/Tech Services

Admin/Supp/Waste Mgmt Services

Educational Services

Health Care/Social Services

Arts/Entertainment/Rec

Accommodation/Food Services

Public Administration

NC Department of Commerce

Orange County Taxable Sales (Millions)

NC Department of Revenue

907.5 million

1.175 Billion

2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013

Orange Co. Gross Sales Tax Collections

NC Department of Revenue

$32.47 Million

$56.14 Million

2012 Per Capita Income by County

U.S. Department of Commerce, Bureau of Economic Analysis

#1 $51,702 Orange #2 $50,697

Chatham #6 $44,839 Wake #11 $40,963

Durham $37,910 NC

0

10000

20000

30000

40000

50000

60000

Sales Tax Per Capita

$112.84

$170.35

$123.37

$170.72

$123.36

$184.80

$165.65

$197.87

$100.00

$120.00

$140.00

$160.00

$180.00

$200.00

$220.00

$240.00

$260.00

2011201020092008200720062005

ORANGE ALAMANCE CHATHAM DURHAM

John Locke Foundation

Sales Tax Per Capita Rankings

65

76

54

73

55 54

17

39

0

10

20

30

40

50

60

70

80

90

201120102008200720062005

ORANGE

ALAMANCE

CHATHAM

DURHAM

John Locke Foundation

2012 Retail Demand vs Retail Sales

$1.68 Billion

$950 Million

$0

$500,000,000

$1,000,000,000

$1,500,000,000

$2,000,000,000

$2,500,000,000

$3,000,000,000

$3,500,000,000

Orange County Chatham Durham Alamance Johnston

2012 Total Retail Demand 2012 Total Retail Sales

NC Department of Commerce

2012 Retail Gap $728 Million

$236 Million

$376 Million

($154 Million)

$60 Million

($200,000,000)

($100,000,000)

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

$800,000,000

Orange County Chatham Durham Alamance Johnston

NC Department of Commerce

2012 Retail Gap (Millions)

($212.0)

($250.0) ($200.0) ($150.0) ($100.0) ($50.0) $0.0 $50.0

General Merchandise Stores

Motor Vehicle and Parts Dealers

Food and Beverage Stores

Clothing/Accessories Stores

Gasoline Stations

Electronics & Appliance Stores

Sports/Hobby/Book/Music Stores

Health and Personal Care Stores

NC Department of Commerce

ECONOMIC IMPACT OF DEVELOPMENT STUDY

Report prepared by Joe Minicozzi, Urban3

$815,206/acre

$612,717/acre

$816,557/acre

$868,731/acre

$928,548/acre

$2,095,503/acre

$9,315,351/acre

$17,887,397

$13,723,183

$17,887,397

$21,265,851/acre

$23,932,268/acre

$34,435,262/acre

$52,007,048/acre

DEVELOPMENT

EPHESUS FORDHAM

Town of Chapel Hill

Ephesus Church Road

Elliott Road Extension

Fordham Boulevard

Franklin Street

Elliott Road

Legion Road

[ Ephesus Church- Fordham SAP ] Development Summary

Residential

Units

1,084 +/-

Office

368,000 +/-

Retail

258,000 +/-

Hotel

280,000+/-

*

GLEN LENNOX

Grubb Properties

Glen Lennox

1,500 Residential Units

600,000 SF Office

150,000 SF Retail

150 Hotel rooms

Concept Plan

Concept plan envisioned with community and created with careful attention to guiding principles

Master plan is a 50 year vision

Foresee multiple phases over 20 years Phases based on market conditions and approval of transportation improvements. First phase likely to be at NC-54 & Hamilton Road

15

-50

1

Process

Original Master Plan presented

2007

Community Forum

2008 2009 2010 2011 2012

Neighborhood Conservation District Petition Process

Glen Lennox Residents Meetings

NCD Development Committee Appointed

GP Vision Presentation #1

GP Vision Presentation #2

GP Vision Presentation #3

GP Vision Presentation #4

NCD Development Committee Meetings

Town Visioning Workshop

2013

NCD Approved (Rezoning)

Council Meetings on Dev Agmt

A for every meeting Grubb Properties participated in Chapel Hill meetings

Dev Agmt Technical Team Meetings

123 W. FRANKLIN

University of North Carolina

123 W. Franklin 300 Residential Units

120,000 SF Office

55,000 SF Retail

LLOYD FARM

The Design Response

Lloyd Farm

Lot Size (acres): 40.07

Building Size (square feet): 130500

This mixed use project contains multiple commercial buildings on multiple parcels, including an anchor grocery store and several outparcels.

It also includes a 293 unit residential apartment complex and a 15 unit townhome area.

It will be located at the corner of Old Fayetteville Road and Highway 54 on property historically known as Lloyd Farm.

OBEY CREEK

East West Partners

Obey Creek

404,525 sf Retail

226,250 sf Office

48,000 sf Community Activity

117,000 sf Hotel (140 rooms)

700 Residential (300 apartment, 100 condo/townhouse, 300 senior)

THE EDGE

The Edge

Address: 3000 Eubanks Road

Developer: Northwood Ravin (Durham)

Property owner: Park West Investors, Morris IV (Chapel Hill)

Acres: 53.8

Buildings: 18 to 24 buildings, 44 to 90 feet tall

Residential: Between 400 and 700 units

Affordable housing: 50 units

Commercial: Between 140,000 and 475,000 square feet

Office: Between 60,000 and 395,000 square feet

Hotel: Between 100,000 and 200,000 square feet, 150-250 rooms

Open space: 33,591 square feet minimum

Zoning: Mixed-use Office/Industrial, Mixed-Use Residential

Current property value: Roughly $3.1 million

300 EAST MAIN

Main Street Properties

300 East Main

Phase 1 opened in August 2013. Along with the hotel, retail tenants open for business are Cameron's, Hickory Tavern and Womancraft. Two more restaurants are in the final stages of tenant upfit, and Main Street Partners expects to sign leases on the remaining two spaces in the coming weeks.

Phase 2 is under construction on the west edge by the railroad tracks and will open in fall 2014. It will include ground-floor retail/restaurant space and two floors of Class A office. Fleet Feet's corporate offices will occupy the entire 2nd floor and the Carrboro retail store will move to the ground floor of the new building from its current location in an older building on site.

SHELTON STATION

Belmont Sayre

Shelton Station

North Greensboro Street, Carrboro

2.64 acre site

119,000 total square-feet of commercial and residential space

The two-story, 24,000 square-foot commercial building facing North Greensboro Street will house retail and office space.

94 apartments

CAROLINA NORTH

University of North Carolina

Projected Development: First 800,000 square feet

Research Building One 225,000 sf Small Central Utility Plant 5,000 sf Law School 250,000 sf Research Building Two 120,000 sf Housing 200,000 sf

6

Collaborative Science Building & Infrastructure Phase 1/Central Utility Plant

Infrastructure………………………………. Design: June 2011 – May 2013

Construction: June 2013 – April 2014

Central Utility Plant……………………….. Design: July 2012 – Aug. 2013

Construction: Sept. 2013 – Jan. 2015

Collaborative Science Building……………. Design: March 2012 – Nov. 2013

Construction: Dec. 2013 – Nov. 2015

Regional Rail

Triangle Transit http://www.youtube.com/watch?v=PqijCS_B2U8

OUR PROMISES TO YOU

Chapel Hill-Carrboro Chamber of Commerce

Meg Branson

Senior Vice President, Chapel Hill-Carrboro Chamber of Commerce

We’re a membership organization that serves and

advances the business interests of our community

and builds a sustainable community where business

thrives.

We advocate for your business interests and the

interests of our local business community

We connect you with the people and information you

need to thrive

We help you save money

More choice, more value, and a stronger Chamber

Transitioning to Tiered Dues

Eight tiers of membership with different benefits and

different investments

Investments range from $30,000 to $489

Community Champions

Community Champions

• Community Champion Sponsorship • Logo on Chamber home page • Logo on Chamber letterhead & emails • Logo on Major Investors page & Annual

Report • Featured in “Connect the Dots” • 50 YPN registrations • 50% off Leadership & advertising

Community Investors

Community Investors

• Community Investor Sponsorship • Logo on Major Investors page & Annual

Report • Featured in “Connect the Dots” • 20 YPN registrations • 25% off Leadership & advertising

Community Leaders

Community Leaders

• Platinum Sponsorship • Logo on Major Investors page & Annual

Report • Featured in “Connect the Dots” • 10 YPN registrations • 15% off Leadership & advertising

Community Builders

Community Builders

• Gold Sponsorship • Logo on Major Investors page • Featured in “Connect the Dots” • 10 YPN registrations • 15% off Leadership & advertising

Join Us or Send an Employee

• Leadership Chapel Hill-Carrboro April 7-June 11

Join Us or Send an Employee

• Inter-City Visit to Athens, Georgia Sept. 21-23

Join Us or Send an Employee

• Executive Leadership Oct. 26-28 (Tentative)