downtown durham: project highlights

Photo Courtesy of Stewart Waller & DCVB

Downtown DurhamDowntown DurhamProject HighlightsProject Highlights

Durham BullsDurham Bulls

•10,000 seat capacity at DBAP

•Over 500,000 visitors per year

•Signature ballpark has serves as anchor for regional entertainment district

Private Investment Estimate: $200+ Million

•Public Investment: $46 Million

•1,000,000 Square Feet

•3,000+ Jobs

•Current Major Tenants:CompuWare

GlaxoSmithKline

Duke University

McKinney /

InterSouth Partners

Square One Bank

Mellow Mushroom

Cuban Revolution (2009)

Bronto

Tyler’s Taproom

Saladelia Cafe

Café Zen

The Art Institute

Burt’s Bees

Public Incentives:

•City Parking Deck-$20 million

•County Parking Deck-$23 million

•Historic Tax Credits

•Did not seek Durham’s Historic Tax Deferral

American Tobacco Project-Phase IAmerican Tobacco Project-Phase IThe largest historic renovation in North Carolina History!

Durham Performing Durham Performing Arts CenterArts Center

•2,800 seat performing arts center

•Nederlander, the theater operator is responsible for any operating loss and has agreed to commit $250,000 to the project

•Total Investment: $46 Million

•1,000,000 visitor in 2011

•Net Revenues over $1.2 million in 2nd year

•61 sellouts and 175 events in 2nd year

•Financial $ Profits

Diamond View IIDiamond View II

•Smith Breeden Associates

•KeySource Bank

•James Scott Farrin

•Over 100,000 square feet

•Tobacco Road Sports Café

Diamond View III•Proposed Office building on Blackwell Street

•Breaking ground in 2012

Durham Transportation Durham Transportation StationStation

•14,500 square feet

•$12 million project cost

•City is currently reviewing proposals for a major mixed-use development by a private developer on the site

RetailRetailGoal Indigenous Arts, Crafts, Retail,

Restaurants, Entertainment

Retail Market Analysis

New Businesses

The Exotique

Rue Cler

Through This Lens

Dame’s Chicken & Waffles

Beyu Caffe

Bull McCabes

Pinhook

Toast

Dos Perros

Revolution

Whiskey

Dolly’s

The Republic

Downtown DurhamDowntown DurhamPublic Investment in SuccessPublic Investment in Success

CCB PlazaMade possible by a gift from Central Carolina

Bank in the amount of $400,000

Downtown EntertainmentDowntown Entertainment

Carolina Theatre•Theater that hosts shows, concerts, festivals & movies

•Home to Full Frame Documentary Film Festival & Gay & Lesbian Film Festival

•Draws close to 150,000 people per year

Durham Arts Council•Hosts art shows, classes & events

•Allenton & Semas Galleries for displaying Art

•Draws over 200,000 people per year

County CourthouseCounty CourthouseJustice Building – 302,000 SF

•Project cost $100+ million-includes 1000 space parking deck

•Completion currently schedule for 2012

Human Services CenterHuman Services Center

Human Services Complex - 243,000 SF•Project cost $85 million-includes 450 space parking lot in the 500 block of East Main St •Completion currently scheduled for 2012

Golden BeltGolden Belt•Major Mixed Use Development by Scientific Properties

•Residential Loft Apartments

•Office & Restaurant Space

•Working Artist Gallery & Event Space

•Blend Café

•Moshi Moshi Salon

Downtown DurhamDowntown DurhamPublic Investment in SuccessPublic Investment in Success

Durham Central Park

•Greenway trail runs through central park and will connect the American Tobacco Trail to the Ellerbe Creek Trail - $250,000 Grant

•Stream Restoration project to restore the creek channel and create new rain gardens - $250,000 Grant

•Public Art provided by DDI in Sister Cities Sign and Stones

Downtown DurhamDowntown DurhamPublic Investment in SuccessPublic Investment in Success

Pavilion at Durham Central Park•Pavilion at Durham Central Park that provides a permanent home for the market

•$350,000 private fund raising

•2,000+ visitors each week

Historic Durham Athletic ParkHistoric Durham Athletic ParkRenovationRenovation

•$5 Million of City Funding

•Numerous property sales around DAP

•Planning effort underway to define area

with DAP as center piece

•Now Open!

•Home for NCCU Baseball

•Capitol Broadcasting manages DAP

Entertainment in Central ParkEntertainment in Central Park

•Great new venues in Northern end of Downtown

•Have become a destination in a very short time period

Motorco Music Hall

FullSteam Brewery

Kings

West Village Phase 1West Village Phase 1

•Completed in 2000

•36,000 square feet of Office Space

•241 Luxury Loft Apartments

•High ceilings, exposed brick walls, timber columns, wood floors and large industrial windows

•Upscale Italian Restaurant Tosca

•$36 million investment

West Village Phase 2West Village Phase 2

•Private Investment: $148 Million

•900,000+/- Square Feet

•340 Loft Apartments

•100,000 square feet of Office Space

•53,000 square feet of Retail Space

•52,000 square feet of Research Lab Space

Public Incentives:

•Up to $4 million in streetscape improvements (Is this an incentive?)

•Historic Tax Credits

•Historic Tax Deferral

Durham StationDurham Station

Brand new Amtrak Station located in the Walker Warehouse in West Village Phase II

Brightleaf SquareBrightleaf Square•Casey & Company

•Edward Jones Investments

•James Kennedy Antiques

•Offbeat Music

•STB Men’s Salon

•Wentworth & Leggett Rare Books and Prints

•Vert & Vogue

•Hamilton Hill International Jewelry

•Amelia Café

•Chamas (Brazilian Steakhouse)

•Down Under Pub (Pub Fare)

•El Rodeo (Mexican)

•Fishmongers (Seafood)

•Palmero Deli (Deli)

•Mount Fuji (Asian Bistro)

•Rainbow Chinese (Chinese)

•Satisfaction (Pizza & Burgers)

•Toreros (Mexican)

•Piazza Italia

Peabody PlacePeabody Place

•Morgan Imports

•Lilly’s Pizza

•Parker & Otis

Retail/Entertainment/RestaurantsRetail/Entertainment/Restaurants

•The Federal

•DeVines

•James Joyce

•Clear-Vue Glass

•Alivia’s Durham Bistro

•1000 West Main St

•Casbah

A Hub for EntrepreneursA Hub for Entrepreneurs

•3 Incubators

•2 Accelerators

•Over 50 Startups

Projects in the WorksProjects in the Works

•Holland Hotel

•Underground @ Main

•21c and the Hill Building

•Chesterfield

•Woolworth’s property: Austin Lawrence Partners

•West Village Apartments

•Former Holiday Inn Property: EdR

•Residence Inn Hotel: Concord Hospitality

•Liberty Warehouse

•Greenfire/Armada Hoffler Apartments

•Aloft Hotel – East Parking Deck & DPAC

That’s the end!Thanks for your interest.

Contact Bill at bill.kalkhof@gmail.com