State of Downtown Memphis 2016-2017

2016 - 2017 S T A T E of D O W N T O W N M E M P H I S

D OW N TOW N M E M P H I S C O M M I S S I O N 1 1 4 N O R T H M A I N S T R E E T, M E M P H I S , T E N N E S S E E 3 8 1 0 3

¡

901.575.0540

D OW N TOW N M E M P H I SC O M M I S S I O N .C O M D OW N TOW N M E M P H I S.C O M FAC E B O O K + T W I T T E R + I N STAG R A M : @ D OW N TOW N M E M P H I S

S T A F F list

B L U E S U E D E brigade

Jennifer Oswalt, Interim President

Eleslie Walker, Shift Supervisor

Steven Turnage

Christine Taylor, Office Manager

Orlando Taylor, Shift Supervisor

DeNarius Renfroe

Jaske Goff, VP Operations

Liza Wheaton, Lead

Kcbena Cash

Brett Roler, VP Planning & Development

Serron Williams, Lead

Ariel Ford

Penelope Huston, VP Marketing, Communications & Events

Ronnie Russell

Howard Hines

Debra Streeter, Director of Security & Hospitality

Rosina Brown

Joseph Floyd

Clint Burke, Manager of Clean & Green

Stacy Jones

Patria Mercado

Tamekka Jones, Project Assistant

Robert Montgomery

Pablo Saddler

Abe Lueders, Planning & Development Analyst

William Frahler

Ellery Ammons, Development Coordinator Chris Porter, Creative Manager Jonathan Mosley, Events Coordinator

P H OTO G R A P H Y C O U RT E SY O F :

Margaret Oliver, Receptionist

Jamie Harmon, Christopher Reyes, Holly Whitfield, James Wessels, Undercurrent, Memphis Convention & Visitors Bureau, Erin Miller Williams, Chelsea Weaver Photography, Big River Crossing, Bronson Worthy, The Fourth Bluff, Joanna Harris, New Memphis Institute, Ken West, Sean Flowers and Ziggy Mack.

D OW N TOW N M E M P H I S C O M M I S S I O N The City of Memphis and Shelby County governments established the Downtown Memphis Commission (DMC), formerly the Center City Commission (CCC), in 1977 to capitalize on Downtown’s role as the economic, cultural, and governmental heart of

ABOUT

the city and county. The DMC is an independent development agency charged with advancing Memphis and Shelby County by making Downtown Memphis a better place to work, live, learn, invest and visit. The DMC represents the official partnership between local government and the private business community in Downtown’s development. The work done by the DMC benefits all of Memphis and Shelby County by developing a stronger and more vibrant city core. The DMC is not funded by any city or county property taxes.*

O U R A F F I L I AT E D B OA R D S

*The DMC is primarily funded by a special assessment on commercial properties in Downtown Memphis and fees paid by private Downtown developers. All of Memphis and Shelby County benefit from the work done by the DMC, but citizens and property owners outside of Downtown do not contribute to the DMC’s operations or incentives. The DMC staff serves as administrators for these entities by implementing operations, planning & development, marketing, and administrative functions for Downtown Memphis and its affiliated boards.

Downtown Memphis Commission (DMC). The DMC board oversees the overall direction and strategy of the organization.

Center City Revenue Finance Corporation (CCRFC). CCRFC has the authority to finance, own and lease properties in Downtown. CCRFC also has the power to issue tax incentives and bonds for property development.

Center City Development Corporation (CCDC). CCDC promotes redevelopment of property in Downtown by offering grants to address blight and recruit new businesses and tenants, as well as offering low-interest loans for real estate projects.

Downtown Parking Authority (DPA). DPA assists with strategic planning for existing and future parking facilities in Downtown.

DPA has operational control over seven public garages, owns and leases three additional public garages, tracks rates and occupancies of other Downtown parking lots and structures, and issues loans or bonds for construction or acquisition of additional parking facilities.

Design Review Board (DRB). DRB reviews applications for public projects, all projects receiving financial incentives from DMC’s affiliated agencies, and all exterior signage in Downtown.

HOW WE WORK

Guiding Principles: Beautification • Activation • Diversity • Safety Strategic Goals for Downtown Memphis: Downtown is attractive for real estate development and investment • People in Greater Memphis value Downtown and understand the benefits of working, living, learning, shopping, investing and visiting Downtown • Downtown is friendly and safe Downtown is clean and green • Getting to and around Downtown is easy, enjoyable and affordable • Downtown is animated, vibrant and fun • Downtown is a great place to work and shop • Women and minority-owned businesses have equal access to contracting opportunities Downtown • Public spaces in Downtown Memphis are well designed, built and maintained Strategic Priorities: Improve Walkability • Reduce Number of Vacant Buildings on Main • Support Alternative Transportation Options • Continue to Pursue Creative Retail and Pop-Up Strategies • Create Better Connections from Main Street to Riverfront • Leverage Local Music and Art to Make Main Street More Vibrant

2

This document provides an overview of the growth and development activities of the 6.5-square mile area defined as the Central Business Improvement District (CBID), also known as Downtown Memphis. This report is presented by the Downtown Memphis Commission.

L E T T E R from T H E P R E S I D E N T We often find ourselves a little more upbeat around this time each year. As we begin to compile our annual State of Downtown report, we are reminded of the growth and change we have been part of over the past twelve months. Presenting this data gives us a chance to wave the flag for our entire community, to applaud the past year’s accomplishments, and to do a little future-gazing as we review the metrics that indicate success for our region. This year, like many in recent history, tells a story of growth and points toward future victories. But this year also marks a milestone for the Downtown Memphis Commission, this is our 40th year working for the betterment of the entire region by creating a healthy Downtown. The Center City Commission, now the Downtown Memphis Commission, was created to bring business, life, and vitality back to a distressed Downtown with the goal of increasing prosperity for the greater Memphis area. As we look around Downtown today we are greeted by growing population density, an increasingly robust office campus, and the definitive entertainment and tourism hub for our region. Yes, we have made great strides.

And, yes, there is still much more to do.

We have created better systems to identify and address blighted properties. We have fine-tuned our incentives for development. And we are single-focused and intentional in developing strategy that will create meaningful change in our Downtown. This year, our 40th, we will look to further increase vibrancy in our Downtown. Over the past four decades, we have developed deep partnerships with government, neighbors, and partner organizations. Together, we will work to continue improving the public realm, create better connections between the core city and the riverfront and develop the best possible Downtown Memphis. With experience on our side, we are poised to continue the great work the Commission was created to accomplish.

Onward!

Jennifer Oswalt, Interim President, Downtown Memphis Commission

Downtown Memphis Commission’s Strategic Plan The strategic plan for Downtown was created with input from our affiliate boards, Downtown stakeholders, civic and business leaders. Our strategic plan puts an emphasis on attracting people, investment and development, safety, transportation, vibrancy, anti-blight, outreach, awareness and cleanliness. The plan is the framework we use to direct and measure our work.

How We Measure Success Our primary metric for measuring success is population. Our secondary metric is commercial property value.

Minority Participation is a Priority The average MWBE participation for all DMC-incented projects exceed 26%. The average MWBE participation for internal DMC budgetary expenditures exceeds 23%.

The diversity of the DMC staff mirrors that of the city of Memphis.

3

L I V E and L E A R N Downtown Memphis is growing.

Downtown’s residential market is strong. With nearly 25,000 residents, the Downtown population growth-rate of 8.62% since 2010 is seven times higher than Shelby County (1.20%), while our residential density per square mile is 183% of that of the City of Memphis. From an economic standpoint, density equals efficiency. More people equals more taxes per square mile. The growing population base in Downtown is significant and it points to a shift in culture, to a greater need for a more walkable urban community and a healthier core city.

The residential surge in Downtown was once heavily concentrated in our northern neighborhoods, but the trend is improving all around the CBID. Downtown currently has over 12,000 households, an impressive increase of 11% since 2010. In comparison, the city’s overall rate of increase for the same time period is only 0.24%. And this year, we had even more single-family households with higher educational attainment and higher income moving into our Downtown neighborhoods. Additionally, apartment occupancy in the CBID is at 95% and has remained over 93% since 2011, even with increased apartment inventory each year.

More living space isn’t the only factor leading more Memphians to plant their domestic roots here. Home to Cossitt Library, Leadership Memphis, the New Memphis Institute, over 150 distinct lecture and theater events plus 23 educational institutions ranging from early childhood through university education, living Downtown is attractive for families, millennials, boomers and for lifelong learners of every demographic. Access to the river, increasing number bike lanes, miles of running/walking trails, and the most robust event line-ups in the region, make living Downtown the perfect choice for people pursuing more active lifestyles. And with more than 150 sporting events in the past year alone, chances are your favorite team already calls Downtown home.

4

Yes, Downtown is growing. Join

us!

O P P O RT U N I T I E S

Population by Age 10%

15%

A D D I N G V I B R A N CY

11% 10%

In an effort to create a more vibrant Downtown, the DMC programmed multiple outdoor classes and activities aimed at attracting a wide demographic. Programming included free weekly yoga classes and

DOWNTOWN

13%

Walk-It Wednesdays. We also added buskers and street parties to 25%

16%

coincide with larger conventions and meetings in Downtown.

INCREASING SAFETY

12%

26%

12%

We enhanced the Blue Suede Brigade, adding 14 full-time liveable wage positions, increased the hours and the area of coverage, and added bilingual capacity.

City 10%

12% 13%

15%

ENHANCING THE CLEANLINESS & G R E E N E RY I N D OW N TOW N We added a full-time Clean & Green manager, created a plan for

13%

25%

12%

better landscaping on the Main Street Mall and added street-cleaning protocols.

Apartment Occupancy Rates by District

County 10%

13%

95%

93%

95%

91%

13%

THE CORE NORTH

14%

SOUTH

UNDER 18

MEDICAL

45-54

18-24

55-64

25-34

65+

Source: DMC

Population Increase Since 2010

35-44

8.62%

Percent of Population Ages 18-44 DOWNTOWN 51% County 38%

County

1.2%

City

-0.83%

City 37%

DOWNTOWN

Source: Spotlight Demographics

Blue Suede Brigade 2.0 (First Four Months of Service)

Source: Spotlight Demographics

Higher Education Institution Attendees 1,414 1,100 120 530 330 3,100 7,294

Southwest Community College Baptist Nursing Visible Music College Southern College of Optometry University of Memphis Law School UTHSC Total with Medical Residents and Fellows

8,907

Maps Distributed

78,186

Pedestrian Encounters

233

Service Calls to Businesses

Source: DMC with input from Individual Educational Institutions

5

W O R K and I N V E S T More investment dollars are moving to the core city.

We are creating the strongest office campus in the region and with the rise of historic preservation and adaptive reuse projects in the CBID we have room to grow the number of companies, corporations and one-person shops calling Downtown home. Downtown’s 6.5 square miles employs nearly 16% of the entire Memphis workforce. Additionally, over the past year, we have delivered more than 40 recruitment pitches in an effort to get that number even higher.

Downtown is the new home of ServiceMaster Corporate Headquarters, Southern Sun Asset Management, and Wunderlich Securities, to name just a few of our most recent transplants. Our newest corporate residents share their blocks with some of the strongest Memphis brands: AutoZone, First Tennessee/First Horizon, St. Jude Children’s Research Hospital, our City and County Government offices, not to mention 23 nonprofits, 16 advertising agencies and nine of the top 20 architectural firms in the region. These companies have all settled in Downtown Memphis because Downtown works, not just for their company or corporate agendas, but Downtown works for their employees’ lifestyles. With over 150 restaurants and bars, 10 coffee shops, nearly 50 medical offices and institutions, plus daycare and pet-care facilities, and more than 3,000 concerts, festivals and individual performances annually, our office campus is more than healthy – it is robust.

Downtown’s daytime population is over 82,000 and with the recent developments we see that number moving upward.

Downtown outranks the Memphis MSA for high salary positions, with over 55% of Downtown jobs paying salaries over $40,000 per year compared to 38% of the jobs in the greater Memphis area. Healthcare still ranks first as Downtown’s largest work segment, employing 33% of the CBID’s workforce. We believe the strong investment in medical facilities indicates that this employee sector will continue to grow.

6

O P P O RT U N I T I E S DAYTIME POPULATION

INCENTIVES

Source: Spotlight Demographics and US Census Bureau

In an effort to aggressively pursue potential projects, we reimagined our Storefront Grant and created an Exterior Improvement Grant, which increased the eligibility to tenants and building owners. This also

PERCENTAGE OF MEMPHIS WORKFORCE IN DOWNTOWN Source: US Census Bureau

expanded the scope from solely ground-floor storefronts to all floors and any building elevation facing the public right-of-way.

Additionally, we updated our PILOT policy to encourage a greater range

Top 5 Largest Employers Downtown

of projects within the Parkway system.

14,800

PLANNING

TN State Government

We are currently working to support the city administration on Memphis 10,967

Methodist Le Bonhuer Healthcare

6,475

3.0, and working with the city on South City and the Pinch development plans, as well as working toward a Downtown Master Plan.

R E TA I L ST R AT E GY

City of Memphis

Retail typically follows rooftops. As such, we have been intentional about 10,967

Shelby County Government

adding more apartments and housing units in Downtown in an effort to build not only community, but customer base. Through our retail pop-up projects, The 101 and Open on Main, we are actively testing the market

3,962

St. Jude Children’s Research Hospital

potential for various types of retail in Downtown, gathering valuable data on retail segments and demand.

Source: MBJ Book of Lists

Top 5 Employment Sectors by Industry

33.2%

23.5%

8.2%

7.5% 5.7%

Source: US Census Bureau

1. Health Care and Social Assistance 2. Public Administration 3. Accommodation and Food Services 4. Educational Services 5. Finance and Insurance

New and Planned Jobs*

30,118

THE CORE 49% NORTH DISTRICT .09% SOUTH DISTRICT .06% MEDICAL DISTRICT 37%

Employee Base

by District

39,995 4,757

Financial Services: 200 FTN Financial 100 Wunderlich 100 Southern Sun Asset Management Residential & Commercial Services: 1,200 ServiceMaster Healthcare: 1,800 St. Jude

7,251

*All numbers are estimates Source: US Census Bureau

Source: DMC with input from Individual Organizations

7

V I S I T and E N G A G E We’re building a healthier, stronger & more vibrant Downtown.

Downtown serves as a primary economic driver for tourism in Shelby County and the reasons are clear: Downtown is home to Historic Beale Street, FedExForum, the Orpheum and Halloran Theatres, Cook Convention Center, the National Civil Rights Museum, Harahan Bridge, Memphis Rock ‘n’ Soul Museum, Mud Island, the Cotton Museum, Memphis in May International Festival, more than 280 acres of greenspace and that’s just the quick list. Downtown is also home to 54 structures on the National Historic Registry and 20 museums in total. Downtown Memphis is the Memphis brand. The area boasts more than 20 parks and has a walk-score of 85 (one of the highest in the region!). Along with becoming increasingly walkable, Downtown is growing more vibrant. In the past year alone, the area held 214 concerts, 26 festivals, 30 participatory fitness events (walks, runs, bike rides), 2,000+ performances on Beale Street, and hosted 133 spectator sporting events. Additionally, more than 50 community happenings were made possible through the DMC’s Events & Activation Grant process. We are building the kind of city center that attracts more: more people, more events, more happenings.

In addition to developing our own programming, this year the DMC supported multiple partner-initiated efforts to rethink the way Downtown serves Memphians. We joined forces with the city and the Riverfront Development Corporation (RDC) to support RiverPlay and the Civic Commons initiative. We partnered with Memphis Medical District Collaborative (MMDC) to fund streetscape improvements in the Edge District. We supported a Downtown fitness-alliance initiative to get more people moving around and through our streets. And together with Downtown Yoga, we created a seasonal free weekly yoga series that regularly attracts more than 200 people per class. We are committed to building a better Downtown community.

And we aren’ t done yet!

8

Downtown Vibrancy by the Numbers Conventions / Group Meetings

218

Convention / Meeting Attendees

143,539

O P P O RT U N I T I E S I N C R E AS E WA L K A B I L I T Y In an effort to increase the pedestrian experience through our Downtown, we have enhanced landscaping, increased lighting in two alleyways and funded infrastructure improvements and

Hotels

26

Hotel Rooms

3,572

public art throughout the CBID. C O N N ECT I V I T Y TO T H E R I V E R

Avg. Daily Expenditure for Convention Delegate

Number of Restaurants

150

397

$

With a more connected Downtown as our goal, we partnered with Fourth Bluff on RiverPlay and added free weekly yoga classes on the bluff. Both encouraged a more connected Downtown and riverfront and gave us actual data on how such

Festivals

Number of Concerts

26

spaces can work best.

214

H I G H L I G H T I N G C U LT U R A L A S S E T S In 2016, we created a Busking Challenge to attract local

Acres of Greenspace

281

Performances on Beale Street

Parking Lots & Garages

103

2,084

musicians to play in our Downtown core. After a successful test, we followed with a two-month Busking on Main program in Spring of 2017, adding daily buskers to the Downtown mix.

Number of Trees on Main Street Mall

426

We plan to continue to fund busking and other music-related initiatives in the public realm.

Source: CVB and DMC

Downtown Museums & Attractions AutoZone Park

Marshall Arts

Bass Pro Outdoor World

Memphis Cook Convention Center

Beale Street Historic District

Memphis Farmers Market

Beale Street Landing

Memphis Music Hall of Fame

Belz Museum of Judaic and Asian Art

Memphis Railroad and Trolley Museum

Big River Crossing

Memphis Rock ‘n’ Soul Museum

Blues Hall of Fame

Metal Museum

Cannon Center for the Performing Arts

Mississippi River Museum

Center for Southern Folklore

Mud Island River Park & Amphitheatre

Cotton Museum of Memphis

National Civil Rights Museum

Ducks Unlimited Waterfowl Museum in Bass Pro

Orpheum Theatre

FedExForum

Slave Haven Underground Railroad Museum

Gibson Guitar Factory

Sun Studio

Halloran Centre for Performing Arts and Education

WC Handy Home and Museum

The Magevney House

Withers Collection Museum Gallery

Mallory-Neely House

Woodruff Fontaine House Museum

9

2016/2017 highlights New PILOT applications were reviewed & approved by CCRFC, resulting in a total of 231,082 sq. ft.: 38,550 sq. ft. of office space, 20,439 sq. ft. of commercial space, 170 apartment units, 62 hotel rooms and 202 parking spaces 1.5K

Kids, parents & community members interacted with police, fire and other officials at our inaugural Touch-A-Truck Event

52

Events were produced through our DMC Events & Activation Grant Process

14

Public Art Murals - including work at the Artery in Barboro Alley and the Collabortory in the Edge District - were funded

6

Months of free weekly yoga classes were hosted by DMC

8

Business, retail and public realm improvement grants approved by CCDC Exterior Improvement/Storefront Improvement grants were approved by CCDC Project applications were reviewed by DRB

65

Sign approvals by DRB

10+

Major events were produced on Beale Street - including enhanced New Year’s Eve Celebration

2

Beale Street hosted multi-day filming of “Sun Records” & Macy’s “American Icons” photoshoots DMC added full-time Clean & Green manager

10

our N E I G H B O R H O O D S Four districts make up Downtown’s 6.5-square miles: the Core, North District, South District, and the Medical District.

Each district is unique and consists of many distinct neighborhoods. From urban residential communities to entertainment districts and office campuses, our neighborhoods create the community we know as Downtown. Each district helps to make the Downtown landscape richer. And each helps us to create a healthier Downtown as we pursue our strategic goals.

Assessed Property Value Increases Since 2007

34%

34% 31%

26% 31% 13% 5%

DOWNTOWN CBID TOTAL

THE CORE

NORTH DISTRICT

SOUTH DISTRICT

MEDICAL DISTRICT

SHELBY COUNTY

CITY

11

the

CORE

FACTS ABOUT THE CORE •

Highest residential, workforce and visitor density in the county

•

Fastest-growing residential community in the county, due in large part to adaptive reuse of many large historic buildings into residential projects

•

AutoZone Park, The Orpheum, Memphis Cook Convention Center, Beale Street Landing, 10 museums, and the highest concentration of hotel rooms

NEIGHBORHOODS: Peabody Place, Court Square, Civic Center, Cotton Row, Beale Street, Madison Avenue Corridor, the Pinch

•

A PA RT M E N T O C C U PA N CY R AT E : 9 5 %

Area around St. Jude holds the highest concentration of property development and investment with more than $1.2 billion in projects underway or recently completed

•

P O P U L A T I O N : 7, 0 6 6 RESIDENTIAL GROWTH SINCE 2010: 9%

Region’s entertainment and tourism hub with Beale Street, FedExForum,

Bass Pro Outdoor World is helping to revitalize the Pinch District by bringing 1 million visitors to the neighborhood each year

•

Serves as an anchor for employment with First Tennessee/First Horizon, AutoZone, ServiceMaster and 14 large office buildings

•

Room for large-scale events: FedExForum - 18,000

AS S E S S E D P RO P E RT Y VA LU E I N C R E A S E S I N C E 2 0 0 7: 3 3%

Cook Convention Center (Main Hall /Grand Ballroom) - 12,050

CORE DEVELOPMENT PROJECTS:

Orpheum Theatre - 2,500

26 S. Main Façade Renovation* 47 & 51 S. Main Façade Renovation*

AutoZone Park - 10,000

Cannon Center - 2,100 Population by Age

Household Income

Race & Ethnicity

10% 15% 28% 17% 14% 10% 6%

57% 15% 11% 10% 3% 4%

58% 37% 1.5% 2% 1.5%

55 S. Main St. Storefront Renovation* Allworld Project Management HQ* Aloft Hotel Arnold’s BBQ and Grill* The Artery* Cook Convention Center Upgrade Crowne Plaza Renovation Hilton Garden Inn Memphis Downtown

UNDER 18

UNDER $50,000

AFRICAN AMERICAN

Hotel Napoleon

18-24

$50-$74,999

WHITE

La Quinta

25-34

$75-$99,999

HISPANIC

Madison Avenue Park

35-44

$100-$149,999

ASIAN

Medical Arts Building*

45-54

$150-$199,999

OTHER

One Beale*

55-64

One ServiceMaster Center*

65+

$200,000 OR MORE

Holiday Inn Express

Orpheum Administrative Offices Renovation St. Jude Expansion



Visible Music College Student Housing

$1.1 BILLION TOTAL APPRAISED PROPERTY VALUE



12



2,755 HOUSEHOLDS Source: Spotlight Demographics

POPULATION DENSITY Source: Spotlight Demographics and Shelby County Assessor’s Office

Source: Shelby County Assessor’s Office

*DMC assisted Project

5,265 PER SQ. MILE



14 LARGE OFFICE BUILDINGS

FACTS A BOU T T H E N O RT H D I ST R I CT •

Highest concentration of single-family housing stock in Downtown and is where the majority of the families with children reside

•

Uptown, with its proximity to the St. Jude campus and areas of underused land, presents a strong opportunity for family-oriented services and retail and additional single-family development

•

the

NORTH DISTRICT

Uptown West plan will develop the area along the Wolf River Harbor NEIGHBORHOODS:

to create vibrant green spaces and park areas

Mud Island, Harbor Town, Uptown, and North District P O P U L AT I O N : 8 , 8 3 0 Population by Age

Household Income

Race & Ethnicity

21% 8% 27% 16% 11% 9% 8%

48% 16% 12% 8% 6% 10%

38% 46% 2% 12% 2%

RESIDENTIAL GROWTH SINCE 2010: 12% P E RC E N TAG E O F R E S I D E N TS W I T H BAC H E LO R DEGREES OR HIGHER: 61% AS S E S S E D P RO P E RT Y VA LU E I N C R E A S E S I N C E 2 0 0 7: 3 1 % CORE DEVELOPMENT PROJECTS:

UNDER 18

UNDER $50,000

AFRICAN AMERICAN

18-24

$50-$74,999

WHITE

25-34

$75-$99,999

HISPANIC

35-44

$100-$149,999

ASIAN

45-54

$150-$199,999

OTHER

55-64

$200,000 OR MORE

65+

$725 MILLION  TOTAL APPRAISED PROPERTY VALUE

Source: Shelby County Assessor’s Office



4,446

HOUSEHOLDS Source: Spotlight Demographics

Uptown Flats Uptown Neighborhood Development

PER SQ. MILE  3,366 POPULATION DENSITY Source: Spotlight Demographics and Shelby County Assessor’s Office

RESIDENTS  8,830 HIGHEST RESIDENTIAL

POPULATION IN THE CBID Source: US Census Bureau

13

the

SOUTH DISTRICT

FACTS ABOUT THE SOUTH DISTRICT •

Several residential developments are underway in South Main and South End which are expected to bring more than 1,000 new residents within the next 2 years

•

47% increase in appraised property values since 2007 points to good opportunity for property investment

•

South Main sees high demand for small office space catering to creative industries

•

While South Downtown is largely local, new attractions and

NEIGHBORHOODS:

events will continue to draw tourists seeking authentic Memphis

South Main, South Bluffs, South End, SoFo, French Fort, South City

experiences

P O P U L AT I O N : 3, 5 1 1

•

The reinvigoration of South Main Trolley Night showcases strong neighborhood engagement and high interest from outside the

R E S I D E N T I A L G ROW T H S I N C E 2 0 1 0 : 1 6% AS S E S S E D P RO P E RT Y VA LU E I N C R E A S E S I N C E 2 0 0 7: 3 4%

community

Population by Age

Household Income

Race & Ethnicity

15% 5% 22% 17% 14% 15% 12%

46% 16% 13% 10% 7% 8%

47% 48% 2% 2% 1%

CORE DEVELOPMENT PROJECTS: 266 Memphis Lofts* 27 W. Carolina Arrive Hotel* Central Station & Malco Theater* 134 & 141 E Carolina* Exercise Unlimited* Facing History & Ourselves* Forum Flats Ghost River Tap Room* Oden Headquarters* Old Dominick Distillery Patterson Flats

UNDER 18

UNDER $50,000

AFRICAN AMERICAN

18-24

$50-$74,999

WHITE

25-34

$75-$99,999

HISPANIC

35-44

$100-$149,999

ASIAN

45-54

$150-$199,999

OTHER

55-64

$200,000 OR MORE

65+

Printer’s Alley Lofts* South Main Artspace Lofts* South Main Food Hall Tennessee Brewery*

$649 MILLION  TOTAL APPRAISED PROPERTY VALUE

Source: Shelby County Assessor’s Office

*DMC assisted Project



2,026

HOUSEHOLDS Source: Spotlight Demographics

14

PER SQ. MILE  2,439 POULATION DENSITY Source: Spotlight Demographics and Shelby County Assessor’s Office

SINCE 2010  17% HIGHEST RESIDENTIAL

GROWTH IN THE CBID

FACTS ABOUT THE MEDICAL DISTRICT •

Highest student population, with 7,000 students enrolled in the educational institutions within the Medical District

•

The district’s growing development projects, workforce and education base points to a high need for market rate and student housing

•

the

MEDICAL DISTRICT

Newly added streetscape and art in the Edge district add vibrancy NEIGHBORHOODS:

•

24 sites on the National Historic Registry in the Victorian Village

Victorian Village, The Edge, Medical District P O P U L AT I O N : 5, 2 5 8

Population by Age

Household Income

Race & Ethnicity

15% 7% 16% 15% 16% 16% 15%

85% 7% 3% 3% 1% 1%

66% 22% 3% 5% 4%

RESIDENTIAL GROWTH SINCE 2010: -1% AS S E S S E D P RO P E RT Y VA LU E I N C R E A S E S I N C E 2 0 0 7: 2 6% CORE DEVELOPMENT PROJECTS: Uptown Flats Blair Tower Renovation Collabortory Public Art*

UNDER 18

UNDER $50,000

AFRICAN AMERICAN

Downtown Animal Hospital

18-24

$50-$74,999

WHITE

Edge Alley

25-34

$75-$99,999

HISPANIC

Edge Neighborhood Streetscapes*

35-44

$100-$149,999

ASIAN

Le Bonheur Cardiovascular Intensive Care Unit Expansion

45-54

$150-$199,999

OTHER RACE

Meritan Headquarters

55-64

$200,000 OR MORE

65+

Methodist University Hospital Expansion Orion Federal Credit Union on Poplar Universal Life Building*

$767 MILLION  TOTAL APPRAISED PROPERTY VALUE

PER SQ. MILE  4,236 POPULATION DENSITY Source: Spotlight Demographics and Shelby County Assessor’s Office

Source: Shelby County Assessor’s Office



3,131

HOUSEHOLDS Source: Spotlight Demographics



7,294 NUMBER OF STUDENTS IN MEDICAL DISTRICT

UTHSC Historic Quadrangle Renovation UTHSC Multidisciplinary Simulation Center UTHSC Plough Center for Sterile Drug Delivery Systems UTHSC Women’s and Infants’ Pavilion *DMC assisted Project

Source: DMC with input from Individual Educational Institutions

15

D OW N TOW N M E M P H I S C O M M I S S I O N A F F I L I AT E D B OA R D S

C C D C B OA R D

C C R F C B OA R D

D M C B OA R D

D R B B OA R D

D PA B OA R D

Eric Mathews, Chairman

Carla Peacher-Ryan, Vice Chair

Carl Person, Chairman

Ray Brown, Chair

Odell Horton, Chairman

Andre Jones, Secretary

Wa l t e r P e r s o n , Tr e a s u r e r

Deni Reilly, Vice Chairman

Rebecca Conrad, Vice Chair

Brandon Bryant, Vice Chairman

M i c h a e l B . C h a n c e , Tr e a s u r e r

Marija Sokolov-Nelson, Secretary

B e n j a m i n O r ge l , S e c r e t a r y

Joyce Selina Love, Secretary

John Golwen

B e n j a m i n O r ge l

Sean Norris

Te r r y Wo o d a r d , Tr e a s u r e r

Deni Reilly

Alvin Crook

Melvin Jones

Bobbi Gillis

C o m m i s s i o n e r Va n Tu r n e r

Colin McDoniel

Shanea McKinney

Deni Reilly

B ra n d y J o h n s o n -Wa r d

C o u n c i l m a n Ed m u n d Fo r d , J r.

Roderick DeBerry

Shara Goldin

Ta n j a M i t c h e l l

Christina Kurdilla

Rep. Barbara Cooper

Suhair Lauck

Rick Copeland

Brian Bacchus

Carl Person Julie Lansky

Demar Roberts Michael Whaley Bob Lundy Julie Ellis Cheryl Pesce Mauricio Calvo Joann Massey Senator Lee Harris

D M C I S P R O U D TO PA RT N E R W I T H

D OW N TOW N P R O P E RT Y OW N E R S + B U S I N E S S OW N E R S T H E C I T Y O F M E M P H I S • S H E L BY C O U N T Y B E A L E S T R E E T M E R C H A N T S A S S O C I AT I O N • D OW N TOW N N E I G H B O R H O O D A S S O C I AT I O N • E C O N O M I C D E V E LO P M E N T G R OW T H E N G I N E E X P LO R E B I K E S H A R E • T H E F O U RT H B LU F F G R E AT E R M E M P H I S C H A M B E R • H O U S I N G & C O M M U N I T Y D E V E LO P M E N T M E M P H I S C O N V E N T I O N & V I S I TO R S B U R E AU • M E M P H I S M E D I C A L D I S T R I C T C O L L A B O R AT I V E R I V E R F R O N T D E V E LO P M E N T C O R P O R AT I O N • S O U T H M A I N A S S O C I AT I O N • U P TOW N C O M M U N I T Y A S S O C I AT I O N U R B A N A RT S C O M M I S S I O N • WO R K F O R C E I N V E S T M E N T N E T WO R K

C R E AT E D BY T H E D OW N TOW N M E M P H I S C O M M I S S I O N