Downtown for Everyone

Downtown Memphis Commission

DOWNTOWN FOR EVERYONE

PHOTO COURTESY OF EXPLORE BIKE SHARE

PHOTO: FRANK CHIN

PHOTO: ZIGGY MACK

fy18 review

WHERE WE INVEST

R

VE

I FR

OL W

Downtown Memphis DANNY THOM AS

Downtown CBID Greater Downtown

NORTH

PKWY

POPLAR WATKIN S

LINDEN

EAST PKWY

E.H. CRUMP

SOUTH PKWY

INVESTMENTS IN DOWNTOWN: DMC Incentives in FY18

9

11

1

2

25

PILOT

Exterior

Development

Garages

Incentivized Projects

assignments

Improvement

Loan

funded

reviewed by Design

Grants

and Review Board

Fiscal year 2018 resulted in strong development throughout the CBID. The DMC’s investment in catalytic projects like The Bakery in the Edge District and the completion of game-changers like ServiceMaster headquarters and the Tennessee Brewery were flanked by our support of multiple smaller, yet equally important adaptive reuse and new construction projects.

The DMC also continued working to remediate blight with a big win at the former Benchmark Hotel site (corner of Union and B.B. King). And we continued our retail incubation strategy, hosting 20+ retail pop-ups across 6 Open on Main locations, as well as supporting a stand-alone pop-up space to welcome Harley-Davidson into Downtown.

To read more about our work in FY18, please visit downtownmemphis.com for our State of Downtown Dashboard.

WW W. D OW N TOW N M E MP HI S .CO M

2017-2018

HIGHLIGHTS PHOTO: CHUCK NARDI

$3 billion

17% INCREASE

69K+

2X

In Downtown development pipeline

Increase in Downtown residential population (since 2000)

People working in Downtown, highest job density - 35 jobs per acre

Twice as many Downtowners use public transit as compared to the City

45%

2,000

4,000

Full Coverage

Of Downtown residents have

Approx residential units in the Downtown development pipeline

Current hotel rooms in Downtown (with 1800 in the pipeline)

Expanded Blue Suede Brigade covers all districts

a bachelor’s degree or higher

25 & 500

36,000

365K

clean & green

25 Explore Bike Share stations

Pounds of trash removed, and 3,120 lbs. recycled

Visitor/Neighbor interactions tracked by our Blue Suede Brigade

48 new self-watering planters installed. 236 beds planted

and nearly 500 Bird Scooters

WW W. D OW N TOW N M E MP HI S .CO M

Living in Downtown

POPULATION AND DEMOGRAPHICS Millennials love Downtown! And so does everyone else!

The big story of the recent decade is that Millennials continue to seek experiential environments, they crave walkable, explorable spaces, and Downtown Memphis provides that in spades. With pedestrian-centered neighborhoods filled with restaurants, culture and art, Downtown provides the optimal environment for those who want more.

25,826

• Over 25K people currently live within the CBID and over 64K within our Greater Downtown boundaries • Downtown is growing at a rate nearly 3x faster than the county • Nearly 2,000 residential units are in the Downtown development pipeline • The jobs per housing units ratio remains over 4.4, indicating the capacity to add more

Total Downtown

POPULATION

housing units in Downtown

Downtown's

Downtown Population by

Wages in Downtown

DIVERSITY

Gender

% of high wage earners

50.62% 38.3% 3.52% White

Black

5.89%

Hispanic/ Latino

Asian

Female 44.04%

Medium Wage 33.95% High Wage 53.26%

Other

4.23%

Median

Total Bachelor's Degrees per capita

HOUSEHOLD INCOME

educational attainment

Matures

Baby Boomers

Low Wage 12.79%

1.34%

Downtown Population by

GENERATION

Male 55.96%

41,548

19.85%

32.02%

$

21.66%

40,028

$

36,975

$

17.2%

20.73%

Gen X

39.93% Millennials

14.32% GenCOURTESY Z PHOTO OF MEMPHIS TOURISM

CBID - Downtown Memphis

CBID - Downtown Memphis

Shelby County, TN

Shelby County, TN

City of Memphis

City of Memphis

WW W. D OW N TOW N M E MP HI S .CO M

INCENTIVES The unprecedented growth in Downtown Memphis is driven by the Downtown Memphis Commission's strategic priority to develop Downtown for the betterment of Memphis and Shelby County.

Downtown Property PILOT

Development Loan Program

All around the globe, people are falling

All around the globe, people are falling

in love with urban settings and all the

in love with urban settings and all the

vibrancy and energy that goes with

vibrancy and energy that goes with

them. And Downtown Memphis is no

them. And Downtown Memphis is no

exception.

exception.

Exterior Improvement Grant

South City Good Neighbor Grant

All around the globe, people are falling

All around the globe, people are falling

in love with urban settings and all the

in love with urban settings and all the

vibrancy and energy that goes with

vibrancy and energy that goes with

them. And Downtown Memphis is no

them. And Downtown Memphis is no

exception.

exception.

Downtown Events, Animation & Activation Grant

Downtown Core Sidewalk Repair Loan “SRL� Program

All around the globe, people are falling

All around the globe, people are falling

in love with urban settings and all the

in love with urban settings and all the

vibrancy and energy that goes with

vibrancy and energy that goes with

them. And Downtown Memphis is no

them. And Downtown Memphis is no

exception.

exception.

WW W. D OW N TOW N M E MP HI S .CO M

DEVELOPMENT $1B in Construction Over 5 Years

Downtowns are having a moment settings and all the vibrancy and energy that goes with them. And Downtown Memphis is no exception. Continuing population growth, the highest educational attainment in the region, desirable amenities and an ever-improving waterfront are leading more developers and corporate decision-makers

MILLIONS OF DOLLARS

All around the globe, people are falling in love with urban

to choose Downtown.

DEVELOPMENT OVERVIEW • FY18 saw nine DMC-assisted projects completed, totaling an investment of nearly $112M, adding 206 residential units, 104 hotel rooms, and 354k square feet of office space.

• Another 48 DMC-assisted projects are under construction or planned.

• The largest office project completed in FY18 was One ServiceMaster Plaza, the adaptive reuse of a shopping mall into global corporate headquarters for ServiceMaster. The project added 340K square feet of office, meeting, and co-work space into the Downtown core.

• The largest residential project completed in FY18 was the Tennessee Brewery, the adaptive reuse of a historically significant, previously blighted, property. The project added 148 residential units, along with restaurant and community space.

• While only one hotel was completed in FY18, multiple hotel projects are currently in our development pipeline and will add nearly 2,000 rooms. Among the mix are three catalytic hotels - Hyatt Centric® at One Beale, Loews Hotel at 100 N Main/Civic Center Plaza, and Curio by Hilton® at Central Station.

WW W. D OW N TOW N M E MP HI S .CO M

DOWNTOWN MEMPHIS DEVELOPMENT MAP This map represents over $4 billion in Downtown projects recently completed, under construction or planned.

PINCH DISTRICT / UPTOWN

- Pinch District: city-led master plan adopted - Malone Park Commons: $2 million, 25 apts - Comeback Coffee: $130K retail renovation - Grind City Brewing: $11 million brewery

CIVIC CENTER

- Memphis Cook Convention Center: $175 million renovation - Crowne Plaza Hotel: $7 million renovation AW WILLIS

ST. JUDE CHILDREN’S RESEARCH HOSPITAL

DOWNTOWN CORE

- Campus Expansion: $1-2 billion in facility expansion - St. Jude Kay Research Center: $198 million construction project - Advanced Research Center: $412 million research center with 625,000 square feet of research space

THIRD

- Loews Hotel & 100 N Main: $200 million redevelopment - Medical Arts Building: $16.4 million, 40 apts, 20,000 sf. office - Hotel Napoleon: $8 million, 58 room hotel - One Beale: $160 million mixed-use development - Visible Music College Student Studios: $4.1 million, 50 dorms - One Service Master Center: $40 million office project I-240 - Main Street Building Renovations: $7 million renovations for 1, 18, 26, 47, 51, 55, & 64 S. Main, assisted by DMC incentives - Allworld Project Management Headquarters: $200k renovation - "Artery" Projects: $260k of public art & lighting in downtown alleys - Canopy Hotel: $43 million, 170 room hotel - Hotel Indigo: $5+ million, 118 room hotel renovation - Aloft Hotel: $18 million, 156 room hotel - Moxy Hotel: $3 million hotel renovation

THE EDGE

ADAMS JEFFERSON FOURTH

UNION AVE CORRIDOR

MANASSAS

- Union Row Phase 1: $511 Million, 793 apts, 200 hotel rooms, 350,000 SF office space, 130,000 SF retail - Hilton Garden Inn: $20 million, 140 room hotel - LaQuinta Inn: $12.5 million, 104 room hotel

UNION

RIVERFRONT

RSID E

SOUTH MAIN

MEDICAL DISTRICT E BEAL

RIVE

- River Garden: $1.4 million park - Tom Lee Park: $45 million park renovation - Fourth Bluff Project: $10 million investment in riverfront public spaces - Big River Crossing: $40 million renovation of Harahan Bridge into bike/pedestrian path

- Bakery Redevelopment: $73 milliion mixed-use development w/ 286 apts, 120,000 SF office - High Cotton Tap Room: $200K renovation - Edge Alley: $100K restaurant renovation - The Marshall: $147K mixed-use renovation - Monroe & Marshall Improvements: Art installation & streetscape enhancements - Karen Adams Design: $400k office & production facility - Edge Motor Museum: $1.4 million museum

MLK

AVE

- Museum Lofts: $9 million, 68 apts - 266 Lofts: $17.8 million, 145 apts - Arrive Hotel: $14.2 million, 62 room hote - Artspace Lofts: $16 million, 58 live/work spaces - Central Station: $55 million, 200 apts, 135 room hotel, movie theatre, commercial space - 529 S Front: $1.6 million mixed-use bldg - Chisca Apartments: $27 million, 161 apts - Old Dominick Distillery: $10 million distillery - DCA Headquarters: $200k+ renovation of historic bldg - Oden Marketing Headquarters: $3 million office renovation - Printers Alley and Annex: $6.2 million, 51 apts - Tennessee Brewery: $40 million, 282 apts - Wiseacre: $9.2 million brewery and taproom

- LeBonheur Intensive Care Unit: $55 million expansion - LeBonheur Office Building: $20.4 million upgrade with garage - Methodist University Hospital ER: $33 million upgrade - Methodist University Hospital: $275 million expansion - SWCC Nursing, Sciences and BioTech: $18.2 million - UTHSC Historic Quadrangle: $70 million - UTHSC Lamar Alexander Bldg Renovation: $6 million - UTHSC Multidisciplinary Simulation Cntr: $24 million - UTHSC Plough Center: $16 million - UTHSC Translational Sciences Bldg: $39 million - UTHSC Women and Infant Pavilion: $180 million

SOUTH CITY

- South City neighborhood revitalization: $210 million neighborhood revitalization w/ 712 mixed-income apts, parks, retail and commercial space - Universal Life Building: $6.2 million, office space - Forum Flats: $20 million, 200 affordable apts - Patterson Flats: $14 million, 177 affordable apts

SOUTH END / FRENCH FORT

- The Marine Hospital Residence: $18 million, 71 apts - 27 W Carolina: $7.7 million, 79 apts - Loflin Yard: $880K, event and food hall - Ghost River Brewery Tap Room: $348K expansion - Carolina Watershed: $115k indoor-outdoor restaurant

Updated December 2018

Visit DowntownMemphisCommission.com for project detail and other Downtown news E.H. CRUMP

YEAR IN REVIEW The unprecedented growth in Downtown Memphis is driven by the Downtown Memphis Commission's strategic priority to develop Downtown for the betterment of Memphis and Shelby County.

FY18 WAS A BANNER YEAR PHOTO: NOAH GLENN

DMC boards approved 9 PILOTs in FY18, these properties will return an estimated annual tax increase of $600K during their PILOT period.

There is currently $3 Billion in the Downtown development pipeline, including 23 projects receiving DMC incentives in FY18.

DMC staff recruited 24 emerging retailers/entrepreneurs who tested their strategies via our Open on Main retail incubation initiative.

Our best-in-class Blue Suede Brigade now patrol the entire CBID, providing expanded safety and hospitality coverage.

The DMC’s Clean & Green team planted 236 beds and added five additional power supply stations to add capacity for Food Trucks in Court Square Park.

PHOTO: ZIGGY MACK

DMC grants provided funding for 100+ community-building activations and events.

Building Toward Memphis 3.0 The DMC staff supported the Memphis 3.0 process and is currently working on three strategic initiatives that will build upon the 3.0 efforts in Downtown – BuildDowntown, the Downtown Memphis Master Plan, the Downtown Memphis Parking Study, and a comprehensive Downtown Retail Strategy.

WW W. D OW N TOW N M E MP HI S .CO M

57

Projects completed, under construction or planned in 2017-2018

ADDING

ADDING

ADDING

2,087 1,058,250 2,078

RESIDENTIAL UNITS

OFFICE

SQUARE FEET

HOTEL

Leads to capacity for

Leads to capacity for

Leads to capacity for

3,924

3,704

623,400

NEW DOWNTOWN RESIDENTS

NEW DOWNTOWN EMPLOYEES

VISITOR NIGHTS IN DOWNTOWN

WW W. D OW N TOW N ME MP HI S .CO M

ROOMS

Clean, Green, Safe & Welcoming for Everyone

PUBLIC SPACES

Downtown Memphis’ public spaces are home to community happenings, public art, and some of the biggest events in our region.

a welcoming & ACTIVE environment Home to more than 25 festivals, 200 conferences and over 160 restaurants & bars, Downtown Memphis is our region’s neighborhood park and welcoming front yard. The Downtown Memphis Commission’s Blue Suede Brigade and Clean and Green team take active roles in continuing to make these spaces beautiful and safe.

OUR PROGRAMMING STRATEGY As we continue to build a Downtown for everyone, the DMC has been strategic with our partnerships and program curation.

During the course of the year, we sponsored and/or hosted over 120+ events aimed at bringing diverse audiences into our core city. From Food Truck Thursdays in Court Square to CommUnity in Uptown, Downtowners rely on the DMC to support engaging and inclusive programming.

Blue Suede Brigade

365,000

10,500+

Visitor/Neighbor interactions tracked

Service calls from businesses answered

12,000

Maps distributed throughout Downtown

Clean and Green

collect & recycle

Removed approx 700 lbs. of trash per week totalling 36,400 lbs. year total.

Recycled an average of 60 lbs. of bottles/cans/ paper per week totalling 3,120 lbs. year total.

BEAUTIFICATION

Removed over 2,300 feet of weeds.

Planted 236 beds and hanging baskets.

GREENERY Added 48 new selfwatering planters.

Added 5 additional power supply stations for Food Trucks in Court Square Park.

NEW MURALS Partnered with local muralist, Jamond Bullock, and ServiceMaster community volunteers to complete two mural projects in Barboro Alley

WW W. D OW N TOW N M E MP HI S .CO M

HEALTH & FITNESS Organized weekly free fitness happenings in multiple Downtown parks, including weekly yoga and pilates classes in Memphis Park and Tai Chi and yoga in UT Health Sciences Park

Hospitality & Hotels

ENTERTAINMENT 26

Hotels

3,600+ Hotel Rooms

1,900

Hotel Rooms in the Pipeline

160

Restaurants / Bars

25

Festivals PHOTO: ZIGGY MACK

200

Conventions & Conferences

125k

Convention Attendees

WW W. D OW N TOW N M E MP HI S .CO M

Downtown for Everyone

VIBRANCY & ENGAGEMENT

PHOTO COURTESY OF EXPLORE BIKE SHARE

PHOTO: FRANK CHIN

PHOTO: ZIGGY MACK

PHOTO COURTESY OF LYFE IS DOPE

PHOTO: ZIGGY MACK

WW W. D OW N TOW N ME MP HI S .CO M