nashville downtown partnership annual meeting presentation

To make downtown Nashville the compelling urban center

in the Southeast in which to LIVE, WORK, PLAY and INVEST

©Warne Riker

Downtown boundaries

Jefferson St. on the northInside the

Interstate loop

More than $4 billion in public-private investments in downtown Nashville since

2000.

—$3 billion more planned—

©Warne Riker

Two business improvement districts generate almost $2 million:– Central Business Improvement District – Gulch Business Improvement District

Downtown as economic engineDowntown accounts for 0.5% of the land area in Davidson County.

Downtown generates 5.4% of all property taxes

©Warne Riker

and 18.7% of all retail taxes in Davidson County.

Downtown office inventory

1201 Demonbreun

Gulch Crossing

AdditionalClass A

Inventory

image courtesy 1201demonbreun.com

(coming 2016)

(now open)

70% leased 50% leased

AdditionalClass A

Inventory

image courtesy GS&P

image courtesy Tennessean

Capitol View (2016)

Bridgestone Americas (2017)

100% leased

100% leased

• LifeWay moving from current campus to new SoBro office tower

• Current campus under contract to mixed-use investors/developer

Photo: C.B. Ragland/Hines

• C.B. Ragland Co. and

Hines• GS&P is an

anchor tenant• Opening 2017

Another new SoBro office tower

55,000+ downtown employees

Convention center redevelopment

Spectrum | Emery and OliverMcMillan mixed-use development

In 2012, downtown had 3,290 hotel rooms

Now there are 4,685 rooms

More hotelsUnder construction (904 rooms):• Westin• Tribute Portfolio by Starwood• ThompsonPlanned (2,287 rooms):• Printers Alley Hotel• JW Marriott• 21c Museum Hotel• plus more!

Saturday, July 25:

Hampton Inn $379Holiday Inn Express $499

Saturday, July 25:

Waldorf Astoria $339Westin Times Square $305

Nashville New York City

Hotel Rates SkyrocketingPrices on a summer Saturday night in Nashville vs. New York City:

Downtown development tourTake a tour of past, current, and future downtown developments!www.nashvilledowntown.com/invest/development-tour

Low vacancy,High demand

Re-sale units on the market:all-time low 1.2-month supply

97% occupancy

Over 8,300 downtown residentsProjected: 10,254 by the end of 2016

Downtown retail

strategy

Implementing merchandising mix plan along active streets

Over 114 downtown shopping options

(compared to 36 in 2003)

Downtown dining212 dining options … several garner national attention

Two new venues:First Tennessee Park and Riverfront Park

image courtesy firsttennesseepark.com

Two award-winning venues:Ryman Auditorium and Bridgestone Arena

Ryman Auditorium is #1 Theatre of the Year for 5th

consecutive year.

Mid 2015, Bridgestone Area ranked 2nd in the U.S. and

8th worldwide for ticket sales.

Nissan Stadium

New naming rights for Nissan Stadium

900 – 1,110 live music and events per month!

Cleaning 7 days a week

Ambassadors on Segways 7 days a week

Connecting to families and jobs: Homeward Bound

• Connected 770 individuals with family, job or service options since June 2008

• While in Nashville, those individuals accounted for 6,118 arrests

Housing First

Housing first for chronic consumers

• Since July 2011, housed over 55 clients with combined history of 4,307 arrests during the previous 3 years

• Over 26,000 days of housing have been provided, and a projected 2,096 arrests have been prevented

Park-and-ride shuttles for employeesTaking the weekday stress off downtown parking inventory

BEEP: Best Ever Event ParkingFree parking for Bridgestone Arena

events

FREE parking at Nissan Stadium

New LED lights on Korean War Veterans Memorial Bridge

590 hanging flower baskets from May to October

31 stations

272 bikes

All-time busiest months: April, May, June, July and August 2015

“Periodically, a city has to have enough confidence in itself to invest in itself. We have

that confidence.” —Mayor Karl Dean

©Warne Riker

2015 LEAD Sponsors

2015 ASSOCIATE Sponsors

2015 IN-KIND Sponsor

nashville downtown partnership annual meeting presentation

Government & Nonprofit