Fall Downtown Detroit Stakeholder, Nov. 7

Post on 09-Feb-2017

122 views 0 download

Transcript of Fall Downtown Detroit Stakeholder, Nov. 7

Eric B. LarsonCEO, Downtown Detroit Partnership

643 tons of trash collected

3,319 pedestrians assisted

101,000 hours ambassadors have worked

Downtown Detroit Business Improvement Zone

Downtown Detroit Parks

500+ park programs in summer and fall

13th Annual Detroit Tree Lighting Ceremony

DTE Energy Grand River Park

Planning

Gratiot and Randolph intersection improvements

Capitol Park improvements

Downtown infrastructure updates

Stacy FoxCo-founder and Principal, Roxbury Group

David BlaszkiewiczPresident and CEO, Invest Detroit

8

GrowingDowntown

Wherewewere…

Today…

BookCadillacslide

WhathasdrivenChange?

•  Partnership–Public,PrivateandPhilanthropic•  CoordinaAon•  TargetedGeography•  FocusedResources•  Safe,CleanandInviAng

PlantedSeeds

SuperBowlXL

Grand Circus Park

Campus Martius

Capitol Park

Paradise Valley

Cadillac Square

Hart Plaza

Riverwalk

DTE

PLAY Parks Connected

WOODWARD CORRIDOR INVESTMENT STRATEGY

StateofMichigan,CityofDetroit,DDA,InvestDetroit,WayneCountyKarp+Associates,RoxburyGroup,SchostakBros.,RockVentures

1ParkAvenue‘DavidWhitney’

TotalInvestment:$94MStateInvestment:$11.25M

TotalRetail:10,800sfTotalOffice|Other:125,000

1249Griswold‘FarwellBuilding’

TotalInvestment:$46.1MStateInvestment:$4.4M

TotalRetail:19,000sfTotalOffice|Other:0

1145Griswold‘CapitolParkBuilding’

TotalInvestment:$23MStateInvestment:$3.16M

TotalRetail:14,500sfTotalOffice|Other:9,000sf Campus

Mar;us

GrandCircusPark

CapitolPark 1212Griswold

‘ChamberofCommerce’TotalInvestment:$35.4MStateInvestment:$4.05MTotalRetail:1,750sfTotalOffice|Other:46,000sf

1413Woodward‘ValpeyBuilding’TotalInvestment:$12MStateInvestment:$374KTotalRetail:10,460sfTotalOffice|Other:0

1520Woodward‘LaneBryant’TotalInvestment:$10.2MStateInvestment:$375KTotalRetail:0TotalOffice|Other:43,000sf

1528Woodward‘UnitedFoundaAon’TotalInvestment:$10.2MStateInvestment:$375KTotalRetail:0TotalOffice|Other:38,000sf

PhaseIDevelopmentSummaryTotalInvestment: $230.9MTotalStateSupport*: $24MTotalResiden;al: 349unitsTotalRetail: 56,510sfOffice|Other 261,000sf

WestDistrict,DowntownDetroit

CapitolPark2011

Key Development Projects

Captiol Park

WOODWARD CORRIDOR INVESTMENT STRATEGY

Complete What We Started

WashingtonBoulevard

RiverfrontDevelopment

Mobility

Challenges/OpportuniAes

•  ConAnuedNeedforSubsidy/ROI•  LimitedIncenAves•  ImpactofProposedPolicies•  DevelopmentProcess•  AbsorpAon•  Capacity

Eric B. LarsonCEO, Downtown Detroit Partnership

Square Miles People People/Per Acre Median Household Income Employees Housing Units

1.1 6,444

~7 $35,320 80,000 4,300

LAFAYETTE

PAR

K

CH

ENE

HAR

BO

RTOWN

BEAU

BIE

N

MONROE

ELMW

OOD

CEM ETE

RY

ADAMS

FISHER FWY

LARNED

LAFAYETTE

WIT

HE

REL

L

6TH

RIV

AR

D

HOWARD

SAI

NT

ANTO

INE

ERSKINE

JOHN

CLO

DG

EFW

Y

WINDER

JO HN R

CAS

S

CLINTON

LEDYARD

STATE

JOS

EPH

CA

MPA

U

MC

DO

UG

ALL

TEMPLE

PETERBORO

ANTIE

TAM ANTIETAM

SHE

LBY

WOODBRIDGE

MADISON

ALFRED

ADELAIDE

FAR

MER

TEM

PLE

BRO

OK

LYN

HENRY

MACOMB

DIVISION

HYDE PA

RK

RIO

PELL

E

PAR

K

ERSKINE

BRO

OK

LYN

BROA DWAY

8TH

MONTCALME

PRIN

CE

HA L

L

TEMPLE

4TH

PIERCE

ALFRED

BEA

UBI

EN

MC

DO

UG

ALL

ELM

WO

OD

WIGHT

CIVIC CENTER

ROBERT BRADBY

HEIDELBERG

OR

LEA

N

1ST

BR

CH

RY

S

LER

BENSON

HUNT

OR

LEAN

S

ELLE

RYARNDT

CHARLEVOIXDU

BOIS

RIV

AR

D

WOODBRIDGE

LAFAYETTE

HENDRICKS

WILKINS

FRANKLIN

ATWATER

VERNOR

FORT CONGRESSLARNED

2ND

GRISW

OLD

CA

SS

WA

SHI N

GTO

N

GRA

ND

RIVER

BAGLEY

FISHER FWY

TRUM

BULL

JEFFERSON

3RD

JEFFERSON

SAIN

T A

UBI

N

5TH

3

3

1

10

85

12

375Elmwood

Cmtry

Cass

Duplessis

OrleansAtwater

Chene

Elmwood-Central

Dues

HartPlaza

Campau Park

Text

TextBuilding Permits, Issued 2012BIZ Boundary

0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 243

0 0.125 0.25 0.5Miles

Permits per Sq Mile

LAFAYETTE

PARK

CH

ENE

HAR

BO

RTOWN

BEAU

BIEN

MONROE

ELMW

OOD

CEM ETE

RY

ADAMS

FISHER FWY

LARNED

LAFAYETTE

WIT

HER

ELL

6TH

RIV

ARD

HOWARD

SAIN

TAN

TOIN

E

ERSKINE

JOHN

CLO

DG

EFW

Y

WINDER

JO HN R

CASS

CLINTON

LEDYARD

STATE

JOSE

PH C

AMPA

U

MC

DO

UG

ALL

TEMPLE

PETERBORO

ANTIE

TAM ANTIETAM

SHELBY

WOODBRIDGE

MADISON

ALFRED

ADELAIDE

FARM

ER

TEM

PLE

BRO

OKL

YN

HENRY

MACOMB

DIVISION

HYDE PAR

K

RIO

PELL

E

PARK

ERSKINE

BRO

OKL

YN

BROA DWAY

8TH

MONTCALME

PRIN

CE

HA L

L

TEMPLE

PRESTONSCOTT

4TH

PIERCE

ALFRED

BEAU

BIEN

MC

DO

UG

A LL

ELM

WO

OD

WIGHT

CIVIC CENTER

ROBERT BRADBY

OR

LEAN

S

1ST

BRU

S

CH

R YS

LER

BENSON

HUNT

OR

LEAN

S

ELLE

RYARNDT

CHARLEVOIXDU

BOIS

RIV

ARD

WOODBRIDGE

LAFAYETTE

HENDRICKS

WILKINS

FRANKLIN

ATWATER

VERNOR

FORT CONGRESSLARNED

2ND

GRISW

OLD

CA

SS

WA

SHI N

GTO

N

GRAND

RIVER

BAGLEY

FISHER FWY

TRUM

BULL

JR

JEFFERSON

MACK

3RD

JEFFERSON

SAIN

T A

UBI

N

5TH

3

3

1

10

85

12

375Elmwood

Cmtry

Cass

Duplessis

OrleansAtwater

Chene

Elmwood-Central

Dues

HartPlaza

Campau Park

Building Permits, Issued 2013BIZ Boundary

0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 250250.1 - 500

0 0.125 0.25 0.5Miles

Permits per Sq Mile

LAFAYETTE

PARK

CH

ENE

HAR

BO

R

BEAU

BIEN

MONROE

ELMW

OOD

CEM ETE

RY

ADAMS

FISHER FWY

LARNED

LAFAYETTEW

ITH

EREL

L

6TH

RIV

ARD

HOWARD

SAIN

TAN

TOIN

E

JOHN

CLO

DG

EFW

YWINDER

JO HN R

CASS

CLINTON

LEDYARD

STATE

JOSE

PH C

AMPA

U

MC

DO

UG

ALL

TEMPLE

ANTIE

TAM ANTIETAM

SHELBY

WOODBRIDGE

MADISON

ALFRED

ADELAIDE

FARM

ER

TEM

PLE

BRO

OKL

YN

HENRY

MACOMB

DIVISION

HYDE PAR

K

RIO

PELL

E

PARK

BRO

OKL

YN

BROA DWAY

8TH

MONTCALME

PRIN

CE

HA L

L

TEMPLE

4

ALFRED

BEAU

BIEN

MC

DO

UG

A LL

ELM

WO

OD

WIGHT

CIVIC CENTER

ROBERT BRADBY

OR

1ST

CH

R YS

LER

BENSO

HUNT

OR

LEAN

S

ARNDT

CHARLEVOIXDU

BOIS

RIV

ARD

WOODBRIDGE

LAFAYETTE

HENDR

WILKINS

FRANKLIN

ATWATER

VERNOR

FORT CONGRESSLARNED

2ND

GRISW

OLD

CA

SS

WA

SHI N

GTO

N

GRAND

RIVER

BAGLEY

FISHER FWY

TRUM

BULL

JEFFERSON

3RD

JEFFERSON

SAIN

T A

UBI

N

5TH

3

3

1

10

85

12

375Elmwo

Cmtr

Cass

Duplessis

OrleansAtwater

Chene

Elmwood-Central

Dues

HartPlaza

Campau ParkText

Text Building Permits, Issued 2014BIZ Boundary

0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 250250.1 - 500500.1 - 679.8

0 0.125 0.25 0.5Miles

Permits per Sq Mile

LAFAYETTE

PARK

CHEN

E

HARB

ORTOWN

BEAU

BIEN

MONROE

ELMW

OOD

CEM ETE

RY

ADAMS

FISHER FWY

LARNED

LAFAYETTE

WIT

HERE

LL

6TH

RIVA

RD

HOWARD

SAIN

TAN

TOIN

E

ERSKINE

JOHN

CLO

DGE

FWY

WINDER

JO HN R

CASS

CLINTON

LEDYARD

STATE

JOSE

PH C

AMPA

U

MC

DOUG

ALL

TEMPLE

PETERBORO

ANTIE

TAM ANTIETAM

SHELBY

WOODBRIDGE

MADISON

ALFRED

ADELAIDE

FARM

ER

TEM

PLE

BRO

OKL

YN

HENRY

MACOMB

DIVISION

HYDE PAR

K

RIO

PELL

E

LUDDEN

PARK

ERSKINEBR

OO

KLYN

BROA DWAY

8TH

MONTCALME

PRIN

CEHA

LL

TEMPLE

PRESTONSCOTT

4TH

PIERCE

ALFRED

BEAU

BIEN

MC D

OUG

A LL

ELM

WO

OD

WIGHT

CIVIC CENTER

ROBERT BRADBY

HEIDELBERG

HALE

ORL

EANS

1ST

BRUS

H

CHR Y

S

LER

BENSON

HUNT

ORL

EANS

ELLE

RYARNDT

CHARLEVOIXDUBO

IS

RIVA

RD

WOODBRIDGE

LAFAYETTE

HENDRICKS

WILKINS

FRANKLIN

ATWATER

VERNOR

FORT CONGRESSLARNED

2ND

GRISW

OLD

CA

SS

WA

SHI N

GTO

N

GRAND

RIVER

BAGLEY

FISHER FWY

TRUM

BULL

MARTIN LUTHER KING JR

JEFFERSON

3RD

JEFFERSON

SAIN

T A

UBI

N

5TH

3

3

1

10

85

12

375Elmwood

Cmtry

Cass

Duplessis

OrleansAtwater

Chene

Elmwood-Central

Dues

HartPlaza

Campau ParkText

TextBuilding Permits, Issued 2015BIZ Boundary

0 - 1010.1 - 2525.1 - 5050.1 - 100100.1 - 250250.1 - 500500.1 - 720.4

0 0.125 0.25 0.5Miles

Permits per Sq Mile

LARNED

PARK

BREWERY

PA

RK

BEAUBIEN

2ND

LAFAYETTE

MONROE

ELIZABETH

ADAMS

FISHER FWY

2ND

ANTIETAM

ABBOTT

HOWARD

LAFAYETTE

WINDER

WITH

EREL L

6TH

RIV

ARD

FISHER FWY

BATE

S

CLIFFORD

RIVERFR

O NT

DUCHA

RME PL

RIO

PELL

E

CLIFFO

RD

J OH

NC

LODG

EFW

Y

OR

LEAN

S

NICOLETPL

RIOPELL E

CHRYSL ER

LAFAYETTE

PLAZA

JOLIET PL

SAIN

T AN

TOIN

EMONTCALM

GR

ISW

OLD

COLUMBIA

GRAND RIVER

WINDERJO

HN WINDER

JOHN

R

CASS

CLINTON

STATE

SHELBY

MADIS

ON

FARM

ER

HENRY

MACOMB

BRO

OKL

YN

BROADWAY

MONTCALME

BEAU

BIEN

CIVIC CENTER

1ST

BRU

SH

YSLER

OR

LEAN

S

FRANKLIN

WOODBRIDGE

LAFAYETTE

ATWATER

FORTCONGRESS

LARNED

2ND

GRISW

OLD3R

D

CA

SS

WA

SHIN

GTO

N

D RIVER

BAGLEY

FISHER FWY

JEFFERSON

3RD

JEFFERSON

SAIN

T A

UBI

N

5TH

31

10

10

85

12

12

375

75

GrandCircusPark

GrandCircusPark

LafayettePlassance

LafayetteCentral

LafayetteEntrance

Orleans

Due

HartPlaza

Text

0 1,000 2,000500Feet

Active Liquor Licenses, 2013Active Liquor Licenses, 2016BIZ Boundary

Top 5 Things to Know About Downtown Development in 2016

1. 164 building permits pulled in Downtown/CBD. 2. Downtown experienced 6% job growth between 2011 and 2014. 3. Office vacancy decreased 25% from 2011- 2016. Current office vacancy is 18%. 4. Over 2,558 residential units in the pipeline - New and rehabilitating Detroit’s valuable, historic architecture. Estimated 3,837 more residents in Downtown. 5. Residential rates increased 33% from 2011-2016. Average monthly rental rate is $1.60/SF.

The Royce 2,000 Sq. Ft. – $420K – Commercial

General Motors Experience Center 110,000 Sq. Ft. – Commercial

Hastings Place 189,660 Sq. Ft. – Mixed Use

Detroit Innovation Center 35,000 Sq. Ft. – $7.5M – Office

The Griswold $24M – Residential

28Grand 101,000 Sq. Ft. – Mixed Use

Statler City Apartments $35-40M – Mixed Use

Parc 3,400 Sq. Ft. – $3.5M – Retail

The LTM Boutique 2,500 Sq. Ft.– Retail

The District Detroit

$2.1B ECONOMIC IMPACT

Question and Answer