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NA S H V I L L E D OW N T OW N PA RT N E R S H I P 2012 BOAR D OF D IRE CTOR S
OFFICERS
DONALD W. ABEL, JR. Chairman Fifth Third Bank JIM SCHMITZ Vice Chairman Regions Bank
RONALD V. GOBBELL, FAIA Secretary Gobbell Hays Partners, Inc. BECKY HARRELL Treasurer KraftCPAs, PLLC
ROBERT R. CAMPBELL, JR. Immediate Past Chairman Waller
DIRECTORS
BILL BARKLEY Chair, Residential Development City Development Company, LLC KENNETH BLACKBURN AT&T
MIKE BLOSSER Louisiana-Pacific Corporation JAMES H. BOND Central Parking System, Inc. C. ALLEN BRADLEY, SR. Nashville Electric Service Jennifer Cole Metro Arts Commission
GEORGE V. CRAWFORD, JR. Gullett, Sanford, Robinson & Martin, PLLC
KIRBY DAVIS Chair, Retail Development First Management Services, Inc.
SHEILA DIAL-BARTON, AIA Ex Officio 2012 Chairman, The DISTRICT JOHN FLEMING Renaissance Nashville Hotel RICHARD FLETCHER 511 Group, Inc.
BETH FORTUNE Vanderbilt University LIBBY FUNKE nossi college of art
TONY GIARRATANA Giarratana Development, LLC
THE HONORABLE ERICA GILMORE Ex Officio Metro Council, District 19 WILLIAM GLAUS The Bank of Nashville
NATE J. GREENE Colliers International/Nashville RONNY L. GREER Frazier and Deeter, LLC
JOHN GUPTON Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
THE HONORABLE THELMA HARPER Ex Officio State Senator
STEPHEN H. PRICE Stites & Harbison PLLC
WILLIAM HASTINGS Hastings Architecture Associates, LLC
HUGH M. QUEENER Pinnacle Financial Partners
AUBREY B. HARWELL, III Neal & Harwell, PLC
THE HONORABLE MARY PRUITT Ex Officio State Representative
SEAN HENRY Nashville Predators
BRACKNEY J. REED Gresham, Smith and Partners
CHRIS HOLMES FirstBank
JENNEEN KAUFMAN Tennessee Titans KRIS KEMP h3gm
THE VERY REV. TIMOTHY KIMBROUGH Christ Church Cathedral DR. FRANK LEWIS First Baptist Nashville
ROBERT C. H. MATHEWS, III Chairman, CBID Board The Mathews Company
ROBERT A. MCCABE, JR. Chair, Resource Development Pinnacle Financial Partners
MARK MCNEELY McNeely Pigott & Fox Public Relations DEBORAH MERRELL SunTrust Bank
MATTHEW C. MOORE American Constructors, Inc.
CHARLES ROBIN Robin Realty Co., LLC TASHA ROSS
PHIL RYAN Metro Development & Housing Agency
BRENDA SANDERSON Chair, Public Space Broadway Entertainment
CARRIE BANKS TEAFORD Baptist Hospital TONY K. THOMPSON First Tennessee Bank
JAMES S. TURNER, JR. MarketStreet Enterprises
THOMAS D. TURNER Ex Officio Nashville Downtown Partnership ALAN VALENTINE Nashville Symphony
JOHN VAN MOL DVL Public Relations & Advertising RAY WATERS Hilton Nashville Downtown SALLY WILLIAMS Ryman Auditorium
RALPH SCHULZ Ex Officio Nashville Area Chamber of Commerce
MATT WILTSHIRE Ex Officio Mayor’s Office of Economic & Community Development
GREG SLIGH Chair, Business Development The Hermitage Hotel
SHIRLEY ZEITLIN Zeitlin & Company, Realtors
J. RONALD SCOTT JRS Investments Incorporated
BUTCH SPYRIDON Ex Officio Nashville Convention and Visitors Bureau T. STEPHEN C. TAYLOR Bass, Berry & Sims PLC
JACK WOOD Chair, Access & Transportation Barge Waggoner Sumner & Cannon, Inc.
J. MATTHEW KROPLIN 2012 Board Intern, Young Leaders Council Stites & Harbison PLLC
owntown Nashville is our campus—conveniently compact and walkable for residents, employees and visitors alike. Downtown addresses get a “walker’s paradise” rating on www.walkscore.com. It’s an easy walk to restaurants and coffee shops, business appointments, the grocery store or library, concerts and plays, sporting events, the new river park, and more.
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You don’t always need to own a car downtown. Other options include car-sharing (with four WeCar locations downtown) or bike-sharing (Nashville GreenBikes currently, with Nashville B-Cycle, a fee-based 3rd generation bike share program, coming soon). Also, MTA’s free circulator Music City Circuit links the central business district with the adjacent areas including the Nashville Farmers’ Market and The Gulch. Within the next three years, a proposed Bus Rapid Transit System would link more distant areas to downtown via an 8-mile east-west connector.
L E T ’ S G E T T O G E T H E R D OW N T OW N ! Public and private investments continue to transform thriving urban neighborhoods including The Gulch, SoBro and Rolling Mill Hill—each with its own unique character. Retail is flourishing in The Gulch, with new shopping, dining and entertainment venues and the residential inventory is also expanding. Rolling Mill Hill is now home to four rental developments, with others coming soon. Its renovated Trolley Barns are already a vibrant center for entrepreneurial businesses and nonprofits. With the completion of Music City Center in early 2013, development south of Broadway will accelerate. The SoBro Strategic Master Plan currently being developed will provide context for this area’s future growth. The downtown core is also beginning to re-define itself—with highly visible streetscape improvements underway on the Avenue of the Arts—5th Avenue North from Church to Union Street. This dynamic arts district will then be easily seen from SoBro—and just a short walk away. With increased development and density of populations (both residential and business) in these downtown neighborhoods, connectivity will be even more desirable. Navigating downtown is easier than ever with smart phones and apps. Let’s keep connecting the dots!
T hom as D . T urn e r P R E S I D E NT AND C E O
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T H E D OW N T OW N R E N TA L M A R K E T TA K E S O F F ! BI LL BAR KLE Y, CHAIR, R ESIDENTIAL DEVE LOPMENT • The top residential story for 2012 is the record-breaking downtown rental market. Occupancy of rental units is at an all-time high of 98%, after consistently being over 92% for the past 5 years. ___________________________________________________________________________________
• The current downtown housing mix is 60% purchase (2,302 condos and 208 single family homes) and 40% rental (1,534 apartment units). Three developments now under construction will add 658 rental units by early 2013, and another three planned projects would add 754 more apartments by 2014. The new downtown housing mix would then shift to 56% rental, 40% condo and 4% single family homes. ___________________________________________________________________________________
• Research shows that 75% of Generation Y (age 29 and under) prefer an active urban lifestyle, with its walkability and convenience, and the majority of them are single and renters. The 2012 downtown Nashville residential survey showed that 60% are ages 45 and under. The current economy also favors high-end renter households for Baby Boomers as they become empty nesters and/or retire. ___________________________________________________________________________________
• Downtown residential sales averaged 190 per year for 2009, 2010 and 2011. During the first two quarters of 2012, 114 downtown closings were finalized. Only two developer-owned condos were still on the market as of September 1, and 53 re-sale units. With a 36-month minimum required to plan and complete a project, the downtown for-sale inventory will not expand any sooner than late 2015. ___________________________________________________________________________________
• The 2012 Downtown Residential Survey reported 55% of current residents have a college degree and another 31% have postgraduate degrees—more than double the percentage for Nashville residents as a whole. ___________________________________________________________________________________
• Over 10, 000 people have attended the annual downtown home tours since 2004, with an impact of over $50 million in sales and leases.
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K E Y D OW N T OW N R E TA I L A R E A S S H OW G ROW T H KIRBY DAVIS, CHAIR, R ETAIL DEV EL OPMENT • The Partnership’s Retail Recruiter has made over 800 local and regional retailer visits since January, 2008. During the first eight months of 2012, specific downtown site options were presented to 20 prospective retailers. _____________________________________________________________________
• A total of 33 new retail businesses opened or announced between January 1 and September 15, 2012. Of these, 16 are food establishments, 12 are shopping options and 5 are music and nightlife venues. The total number of downtown retail openings in 2011 was 36. _____________________________________________________________________
• The downtown retail strategy developed by Downtown Works identified three key areas for retail: The Gulch, SoBro and a downtown focus area along 4th and 5th Avenues North. Retail density in The Gulch is increasing rapidly, with 22,000 SF of new retail opening YTD—including Bar Louie, King Baby and Lucchese Boot Co. Two new locally owned restaurants (The Southern Steak & Oyster and Etch) recently opened in SoBro, and further SoBro retail development is expected during the next two years with the completion of Music City Center and several new hotels. _____________________________________________________________________
• The growing arts community on 5th Avenue is favorable to distinctive and complementary retail. A major renovation project underway on 5th Avenue between Church and Union streets will bring new sidewalks and streetlights, public art, and sidewalk dining areas. These enhancements will advance retail recruitment to this major arts corridor. _____________________________________________________________________
• Downtown Nashville now has 182 dining options, 114 shopping options, 79 nightlife venues and 20 galleries—with more to come!
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D OW N T OW N C E L E B R AT E S N E W A N D E X PA N D I N G C OM PA N I E S G REG SL IGH, CHAIR, BUSINE SS DEVE LOPMENT • Downtown business recruitment and expansions have been a big story this year. Since relocating to 4th and Church in late 2009, ServiceSource is continuing its exponential growth, with more than 600 employees now and plans to add hundreds more. With their skyline sign now on the ServiceSource office tower, this company has a dynamic downtown presence, creating new jobs with their energetic young corporate culture. In SoBro, Asurion is adding 500 jobs downtown later this year when they occupy the LEED Gold certified Ragland Building. Asurion’s building signage at this key SoBro intersection (2nd Avenue South and Korean Veterans Boulevard) is also highly visible. ___________________________________________________________________________________
• Other company relocations and expansions added to the synergy of the central business district. Creative Artists Agency moved their Nashville office downtown to SunTrust Plaza. This spring, downtown law firm h3gm moved into their offices at 333 Commerce, the iconic building’s first long-term tenant other than AT&T. Later this year, international law firm Pillsbury Winthrop Shaw Pittman will move its global operations center and about 150 employees into 44,000 SF at 333 Commerce Street. ___________________________________________________________________________________
• At Rolling Mill Hill, the renovated Trolley Barns now house a variety of tenants including several entrepreneurial and nonprofit groups, such as the e-mail marketing firm EMMA, the Nashville Entrepreneur Center, Hands on Nashville and the Center for Nonprofit Management. ___________________________________________________________________________________
• Many downtown businesses are participating in Mayor Karl Dean’s Workplace Challenge, which encourages a citywide focus on environmental practices, healthy lifestyles and community volunteerism. Downtown office buildings recently participated in free electronics recycling days offered by Sims Recycling Solutions and the Partnership. ___________________________________________________________________________________
• The Partnership’s annual Downtown Employee Appreciation Week in early October generates enthusiastic participation in popular events including a Walk with the Mayor, Downtown’s Next Superstar and the highly competitive Corporate Tug of War. ___________________________________________________________________________________
• During the fourth quarter, the Partnership will update its downtown employee count (expected to be about 50,000) with a comprehensive Business Census and repeat its annual online Employee Survey.
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D OW N T OW N T R A N S I T O P T I O N S A R E E X PA N D I N G JACK W OO D, CH AIR, AC CESS AND TRAN SPORTATION COMMITTEE • The LP Field park and ride program managed by the Nashville Downtown Partnership marked its tenth anniversary on May 1, 2012. Free weekday parking is offered in designated LP Field lots for registered downtown employees. The Partnership provides optional cost-effective shuttle service to downtown office buildings.
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• Almost 15,000 monthly shuttle passes were sold in 2011, with over 1,200 monthly riders on three downtown routes. During the first eight months of 2012, 9,584 monthly passes were sold. With monthly shuttle passes still only $25, employees save $100 per month on parking expenses—over $1,200 annually. _____________________________________________________________________
• Showing steady growth since beginning on March 15, 2010, BEEP (Best Ever Event Parking) is a park and ride option for Bridgestone Arena events. BEEP provides free parking at LP Field Lot R with optional round trip shuttle service for only $3 per person. Over 37,000 vehicles have used this free parking for 255 events, with 66% of the 68,409 passengers choosing the shuttle option. This September, BEEP added a route for Nashville Symphony patrons, making the Lot R park and ride option available for some 96 events of their 2012-2013 season. _____________________________________________________________________
• Car sharing is available, with four WeCars at strategic downtown locations for shortterm use. After two years, over 100 members (including businesses, employees and residents) participate in this cost-effective program. _____________________________________________________________________
• Offering both free recreational rides and a healthy exercise option, Nashville GreenBikes has over 100 bikes at 9 city parks. Over the past 12 months, Nashville GreenBikes were checked out 5,000 times; the bikes at the Riverfront Train Station downtown were ridden for 3,577 hours. _____________________________________________________________________
• Nashville B-cycle, a new fee-based bike-share system, will include 200 7-speed bikes for short-term use at 20 automated B-cycle kiosks. Working with the Metro Public Health Department, the Nashville Downtown Partnership will implement and manage this program funded by a Communities Putting Prevention To Work federal grant. Nashville B-cycle will be operational late this fall.
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R E AC H I N G O U T W I T H D OW N T OW N C L E A N A N D S A F E S E RV I C E S BR ENDA SAND E RSON, CHAIR, PUBLIC SPACE C OMMITTEE • The downtown clean and safe teams provide a wide range of services to two Business Improvement Districts—one in the central urban area (CBID) and one in The Gulch (GBID). This combined service area covers approximately 111 blocks. ___________________________________________________________________________________
• During the first eight months of 2012, the cleaning staff removed over 60,000 pounds of trash, 4,791 square feet of graffiti and power washed 560 block faces and 827 alleys in the urban core district. The incidence of graffiti has increased since last year, and the cleaning team responds quickly to assist property owners affected. This prompt removal of graffiti helps prevent recurrences. ___________________________________________________________________________________
• The cleaning team works throughout the CBID and GBID from 7 a.m. to 3:30 p.m. seven days a week. Safety Ambassadors patrol the CBID from 7 a.m. to 8 p.m. seven days a week and are in the GBID four nights weekly from 5 p.m. to 11 p.m. ___________________________________________________________________________________
• Safety Ambassadors also rotate through assignments as Hospitality Ambassadors. Wearing shirts marked with the universal symbol for information, they are especially busy during major downtown events and conventions. As they interact with visitors, the Hospitality Ambassadors distribute guidebooks and maps and print out requested directions and coupons to enhance their downtown experience. Their hand-held Eponics devices include a searchable database of downtown businesses and printable walking directions. Already this year, they have distributed almost 10,000 visitor information printouts, more than 2,500 of which were discount coupons from downtown restaurants and shops. ___________________________________________________________________________________
• An ongoing special project for the clean teams involves litter and weed removal along major downtown access points at highway interchanges. They also enhance downtown’s overall appearance with their periodic cleaning and repainting of junction boxes, light poles, trash receptacles and tree grates.
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• Safety Ambassadors (including those assigned as Hospitality Ambassadors) monitor downtown streets and sidewalks. From January through August, they logged 2,284 miles on Segways. _____________________________________________________________________
• A successful program initiated in June, 2008, Homeward Bound offers one-way, non-refundable bus tickets to eligible individuals without other resources. Eligibility is based on confirmation of favorable job prospects, benefits or proximity to family. As of September 1, 2012, a total of 430 individuals (with a past history of 3,385 arrests) have received this relocation assistance. The average cost of a bus ticket is about $145, with travel destinations to 46 different states. _____________________________________________________________________
• Since July, 2011, a fulltime Social Services Outreach Coordinator has focused on connecting individuals with high numbers of downtown arrests to needed services (e.g., drug and alcohol treatment programs, mental health services). The “housing first” model used has proved very successful, with 3 individuals already transitioned into permanent housing with wraparound services and outside sources of support and 7 others currently in transitional housing with services. Several others are preparing to move into temporary housing and begin working toward more permanent solutions. _____________________________________________________________________
• These 10 clients had an average of 145 arrests each over the past three years. The estimated 3-year cost to taxpayers for their arrests $1.45 million for all 10. Arrests drop almost to zero once housing is obtained. The annual cost of arrests for each of these clients was ten times more than the estimated $5,000 per year for housing. _____________________________________________________________________
• The current budget for this program supports transitional housing for an average of three clients per month while the Outreach Coordinator assists them in finding permanent housing and an income source (e.g., SSI/SSDI or employment). A typical client requires transitional housing for an average of 6 to 8 months.
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F L OW E R S A N D A RT A D D B E A U T Y T O D OW N T OW N BR ENDA SAND E RSON, CHAIR, PUBLIC SPACE C OMMITTEE • For the fifth year, ornamental flower baskets on street lights throughout the high pedestrian areas downtown create a positive visual impact from May to October. ___________________________________________________________________________________
• The initial pilot program in 2008 featured 64 baskets on Commerce and Church Streets. This year, 447 colorful hanging baskets were in place on eight downtown streets. This current density throughout downtown adds to the perception of an attractive, well-maintained urban center. ___________________________________________________________________________________ • The Partnership also provides landscaping in the medians on Union Street facing the Metro Courthouse. Features include ground cover, self-watering planters with seasonal color plants and Yoshino cherry trees. The planters are changed out each season for year round color.
___________________________________________________________________________________ • Art continues to be an effective catalyst for revitalization along Fifth Avenue. Two residential developments (Kress Lofts and Art Avenue Lofts) have successful art galleries in their street level retail spaces, and there are 15 galleries on Fifth Avenue North and in The Arcade. The First Saturday Art Crawls attract over 1,000 people downtown to visit the galleries, and provide an economic boost to restaurants and other businesses. ___________________________________________________________________________________
• Major streetscape improvements are underway along Fifth Avenue North from Church to Union Street. Design features include improved sidewalks, with space for outdoor dining, new streetlight poles that can accommodate banners, seasonal flower baskets and holiday lights. LED light canopies stretching across the street will result in a cohesive arts district easily visible from the new convention center. Public art commemorating the civil rights activities that took place on Fifth Avenue North will also be added.
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D OW N T OW N V E N U E S, PA R K S A N D E V E N T S D R AW C ROW D S • With an average daily attendance of 71,000, the 41st annual CMA Music Festival in June, 2012, broke all previous attendance records and generated about $35 million in direct visitor spending for the city. The 2012 two-day fireworks and musical spectacular on July 3 and 4, staged at The Lawn at Riverfront for the first time, drew a record 150,000 people downtown. _____________________________________________________________________
• Live on the Green, a free Thursday evening 6-week concert series at Public Square, had a great lineup of local and national musicians for its 4th season this fall. Crowds enjoyed live music as well as features including a mobile food court, a craft beer garden, and family-friendly activities. With recent jazz concerts at the Cumberland Park amphitheater, and several events at The Lawn at Riverfront, Music City has a variety of new public venues for live music. _____________________________________________________________________ • The historic Ryman Auditorium was named Theatre of the Year for the second consecutive year in 2012 by Pollstar. Also for the second consecutive year, Bridgestone Arena ranked in Pollstar’s Top 10 for U.S. Concert Attendance. _____________________________________________________________________ • Since 2010, Bridgestone Arena has hosted 15 of the 25 highest grossing North American tours. In 2011, both the CMT Music Awards and CMA Awards were at this venue and in December, 2012, The GRAMMY Nominations Concert Live! on its stage will put Music City in the national spotlight again. _____________________________________________________________________
• Coming up in 2013, 2015, 2016 and 2018, Bridgestone Arena will host SEC Men’s Basketball Tournament and in 2014, the NCAA Women’s Final Four. _____________________________________________________________________
• The Hermitage Hotel was named one of the Top 100 hotels in the world by Travel + Leisure magazine in 2012, and was 4th on their list of Best Large City Hotels. _____________________________________________________________________ • The popular First Saturday Art Crawl attracts over 1,000 people each month to stroll through downtown galleries. The Nashville Downtown Partnership contributes free shuttle service for the art enthusiasts, and sponsors two performance platforms along 5th Avenue North during the monthly event. Major street renovations (block of 5th Avenue North between Church and Union Streets), to be completed in early 2013, will add visual appeal to this vibrant arts district.
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C OM M U N I CAT I O N S T R AT E G I E S TO REACH PEOPLE ON THE GO • Social media options reach an immediate audience with interesting and timely downtown news. The Nashville Downtown Partnership currently has over 20,000 fans on Facebook, a 67% increase since August, 2011. The Partnership’s multiple Twitter accounts reach more than 16,000 followers, a 60% increase since August, 2011. ___________________________________________________________________________________
• In August, 2010, the Partnership upgraded its interactive website with Geocentric software systems. Designed with many features customized for downtowns, this system has dramatically increased website visits. Since August, 2011, visits to www.nashvilledowntown.com increased by 52% and www.parkitdowntown.com by 13%. ___________________________________________________________________________________
• A mobile version available at m.nashvilledowntown.com is specifically formatted for on-the-go viewing and searching both websites. Mobile traffic currently accounts for 18% of our web visits. ___________________________________________________________________________________
• A successful first-time ad campaign with Graffiti Indoor Advertising ran from April through September. QR codes posted on these ads resulted in over 2,550 click-throughs to the mobile website (7% of the mobile traffic for these months). ___________________________________________________________________________________
• An online events calendar features over 700 downtown events each month. The website’s point-location Google mapping feature provides users with detailed information about downtown destinations, including 182 dining options and 114 places to shop. ___________________________________________________________________________________
• A primary resource for downtown parking information, www.parkitdowntown.com includes interactive maps, photos of garage entrances, current rates, LP Field park and ride options and special discount offers. ___________________________________________________________________________________
• The Spring/Summer 2012 edition of The Guidebook broke several records—with more content pages, more than 40,000 copies printed and over $15,000 in ad sales. Published twice each year, copies are distributed to hotels, restaurants, business and residential locations. This comprehensive listing of downtown options in 39 categories is also kept current online at www.nashvilledowntown.com.
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INVESTMENTS ADD UP TO $1,000,000 F O R D OW N T OW N I N I T I AT I V E S RO BE RT A. MCCABE , JR., CH AIR, RESOURCE DE VEL OPMENT COMMITTEE • Each year, Board members and the broader business community partner with us in downtown economic development. Since 2006, 74 corporate investors have committed over $1,000,000 to implement a variety of key initiatives of the Nashville Downtown Partnership. • This number of investors grows each year, with four new groups added in 2012. • Most investors continue participating annually because they believe having a strong downtown econ-
omy is important to the entire region and they value the Partnership’s advocacy for downtown businesses and residents. Also, 47% of these investors are represented on the Partnership’s Board of Directors, investing their time and talents for the good of downtown Nashville. • Annual corporate investments have supported a comprehensive downtown retail strategy, downtown street beautification and landscaping projects, upgrades to the Downtown Development
Center, the enhancement of user-friendly interactive websites and the expansion of a successful street outreach initiative. • Other Partnership investment opportunities include annual membership dues, downtown home tour sponsorships, annual meeting sponsorships and guidebook advertising. From this menu of options, investors choose one or more categories that best complement their business goals.
C O R P O R AT E I N V E S T O R S 2 0 0 7 – S E P T E M B E R , 2 0 1 2 Ajax Turner Co., Inc. American Constructors, Inc. Amstar Group AT&T Avenue Bank Baker, Donelson, Bearman, Caldwell & Berkowitz, PC The Bank of Nashville Bass, Berry & Sims PLC BDO USA, LLP Beaman Automotive Group Boyle Investments & Northwestern Life Insurance Company Bridgestone Americas Holding, Inc. Brasfield & Gorrie Bristol Development CapStar Bank Caterpillar Financial Products Division Central Parking System Colliers International/Nashville
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Core Development Services, LLC Corner Partnership, LLC Crosland, LLC CVS Caremark Corporation DZL Management Co., LLC Eakin Partners Earl Swensson Associates Fifth Third Bank First Tennessee Foundation FirstBank Frazier & Deeter, P.C. Genesco Giarratana Nashville, LLC Gobbell Hays Partners Gresham, Smith and Partners Gullett, Sanford, Robinson & Martin, PLLC Harwell Howard Hyne Gabbert & Manner, PC HCA/TriStar Health
The Hermitage Hotel KPMG LLP KraftCPAs, PLLC Lewis, King, Krieg & Waldrop, P.C. MarketStreet Enterprises Martha and Bronson Ingram Foundation The Memorial Foundation Metro Development & Housing Agency Music City Suites, LLC Nashville Electric Service Nashville Pinnacle, LLC Nashville Predators Neal & Harwell, PLC Nissan North America O’Charley’s Inc. Piedmont Natural Gas Pinnacle Financial Partners Premier Parking Regions Bank Sherrard & Roe, PLC
SMS Holdings SSC Service Corporation St. Thomas Health The Stage on Broadway, Inc. and Legends Corner, Inc. Stites & Harbison, PLLC Strategic Hospitality, LLC SunTrust Bank Tennessee Titans Tower Investments, LLC Tuck-Hinton Architects Vanderbilt University Vanderbilt University Medical Center Village Real Estate Services Walker Tipps & Malone Waller Wildhorse Saloon XMi Commercial Real Estate Zeitlin and Company, Realtors
*Bold type indicates 2012 YTD investors
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R E T U R N O N D OW N T OW N INVESTMENTS REMAINS STRONG • Major public investments in the SoBro (south of Broadway) area include Music City Center and the extension of Korean Veterans Boulevard from 4th to 8th Avenue South. On a 19-acre site, the new convention center is the largest capital construction project in the city’s history. _______________________________________________________________
• Additional nearby development includes the 800-room, 21-story Omni Nashville Hotel, which will connect to an expansion of the Country Music Hall of Fame and Museum on three levels. The hotel is scheduled to open in November, 2013. The Country Music Hall of Fame and Museum will more than double in size, and its six-floor addition will open in early 2014. _______________________________________________________________
• The Metro Convention Center Authority and the Nashville Downtown Partnership received a $320,000 grant this year from the Economic Development Administration (U.S. Department of Commerce) to develop a Strategic Master Plan for the burgeoning SoBro area. To be completed in early 2013, this comprehen-
sive plan will include guidelines for compatible, synergistic development in the flood prone areas, as well as for potential future expansion of Music City Center.
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• Residential developers continue to add new downtown rental inventory in response to the strong rental market. Additional hotel development in the SoBro area is also expected. In the central business district, building renovations and infrastructure improvements are underway, and sales of residential and commercial properties are indicative of a healthy market. _______________________________________________________________
• From 1999 through 2012, property owners in the downtown Central Business Improvement District (CBID) have invested over $11 million to supplement city services with clean and safe initiatives and to support downtown economic development. The Nashville Downtown Partnership implements these programs in the 90-block district.
NAS H V ILL E D OW N TOW N PA RT N E RSHI P 2 0 1 2 RE S O U RC E ALLO CAT I O N 14% 34%
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52%
REVENUES ____________________________________
• PROPERTY ASSESSMENTS • EARNED • CONTRIBUTIONS, SPONSORSHIPS, & MEMBERSHIPS
12%
12%
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8%
34%
33%
EXPENDITURES ____________________________________
• ACCESS & TRANSPORTATION • PUBLIC SPACE MANAGEMENT • ECONOMIC DEVELOPMENT • ADVOCACY/ADMINISTRATION • IMAGE & COMMUNICATIONS
invest
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Pinnacle Financial Partners has contributed this space.
211 Commerce Street, Suite 600, Nashville, TN 37201 | To learn more, visit www.bargewaggoner.com
Accelerating success. Our brokers at Colliers International Nashville are dedicated to providing our clients with top-notch commercial real estate services to help accelerate your company’s success.
NASHVILLE
www.colliers.com | 300 Broadway | Nashville, TN 37201 | 615 850 2700
FIFTH THIRD BANK PROUDLY SUPPORTS THE NASHVILLE DOWNTOWN PARTNERSHIP The curious bank.
Member FDIC. © Fifth Third Bank 2012
Gullett Sanford Robinson & Martin
Gullett Sanford Robinson & Martin PLLC Attorneys at Law
A great downtown is at the heart of every great community.
POWERING YOUR EHWWHU WKDQ \RX IRXQG LW ZRUOG Whether you’re looking for financial planning, money management tools, or just a little extra time to help make the world a better place, you can count on the support of First Tennessee. We help power your dreams. Even those dreams you hold for others. To learn more, stop by or visit ftb.com. PROUDLY SUPPORTING THE NASHVILLE DOWNTOWN PARTNERSHIP
Gullett Sanford Robinson & Martin PLLC is proud to support the Nashville Downtown Partnership, its members, and the businesses and individuals that make downtown Nashville their home. STREET | 150 Third Avenue South, Suite 1700, Nashville, TN 37201 PHONE | 615.244.4994 WEB | gsrm.com
©2012 First Tennessee Bank National Association. Member FDIC. www.firsttennessee.com
Thank you
NASHVILLE DOWNTOWN PARTNERSHIP
KraftCPAs PLLC
for your contribution to the success of Downtown Nashville!
Helping clients build business value and personal wealth since 1958. CPAs and business advisors with: – international resources – middle market and small business experience – validated customer service excellence
HASTINGS A R C H I T E C T U R E A S S O C I AT E S , L L C
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greenSTUDIO Sustainability Consulting
www.kraftcpas.com
C R E AT E . E N G AG E . CO M M U N I C AT E .
Thanks to the Nashville Downtown Partnership for helping make a premier sports and entertainment destination. Bridgestone Arena is home to Nashville Predators CMA Awards CMT Music Awards 2013, 2015, 2016 and 2018 SEC Men’s Basketball Tournament 2009 and 2011 ACM Venue of the Year 2009 and 2010 IEBA Venue of the Year 8 time Pollstar Arena of the Year Nominee
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SMASHVILLE, TN
HUME-FOGG ACA D E M I C M AG N E T H I G H
S C H O O L
100 years at the corner of Broadway and 7th Avenue North 1,000 students and faculty downtown every day Ranked 36th on Newsweek’s list of America’s Best High Schools 2012 Gold National Ranking 49th, 1st in Tennessee on U.S. News & World Report‘s list of Best High Schools 2012 2011 National Blue Ribbon School 700 Broadway Nashville, TN 37203
Kellie M. Hargis, Ed. D. Executive Principal Kellie.hargis@mnps.org
Join the Nashville Downtown Partnership in supporting this outstanding downtown school in continuing its tradition of excellence.
2012 NASHVILLE DOWNTOWN PARTNERSHIP MEMBERS
With their annual membership investments, these groups support a strong downtown and participate in the Partnership’s initiatives to advance downtown economic development ARCHITECTURAL, ENGINEERING AND DESIGN SERVICES
Barge Waggoner Sumner & Cannon, Inc. EDGE Planning, Landscape Architecture & Graphic Design EOA Architects PLLC Gobbell Hays Partners, Inc. Gresham, Smith & Partners Hastings Architecture Associates, LLC Hawkins Partners, Inc. RPM Transportation Consultants, LLC Sorci & Swords Design Tuck Hinton Architects Nashville Predators The Nashville Symphony Ryman Auditorium Tennessee Performing Arts Center
ARTS AND ENTERTAINMENT
BANKING, FINANCIAL AND ACCOUNTING SERVICES Avenue Bank Bank of America The Bank of Nashville BDO USA, LLP CapStar Bank DGLF CPAs & Business Advisors Fifth Third Bank First Tennessee Bank FirstBank Frazier and Deeter, LLC JRS Investments Incorporated
KPMG KraftCPAs, PLLC Mastrapasqua Asset Management New Business Development Pinnacle Financial Partners Regions Bank SunTrust Bank Ted Welch Investments Christ Church Cathedral Downtown Presbyterian Church First Baptist Nashville
CHURCHES
American Constructors, Inc. Bell & Associates Construction, LP Skanska USA Building Inc. Turner Universal Construction Company
CONSTRUCTION
CORPORATE OFFICES AND UNIVERSITIES
Renaissance Nashville Hotel Sheraton Nashville Downtown Union Station Hotel Baker Donelson Bearman Caldwell & Berkowitz, PC Bass Berry & Sims PLC Dickinson Wright PLLC Frost Brown Todd LLC Gullett, Sanford, Robinson & Martin PLLC Harwell Howard Hyne Gabbert & Manner, PC Manier & Herod Neal & Harwell, PLC Sherrard & Roe Stites & Harbison PLLC Trauger & Tuke Tune, Entrekin & White, PC Waller
LEGAL SERVICES
Central Parking System Loews Hotels Business Services Center Louisiana-Pacific Corporation Standard Parking Vanderbilt University
MEDIA
The Hermitage Hotel Hilton Nashville Downtown Loews Hotels Business Services Center
NON-PROFITS AND ORGANIZATIONS
HOTELS
The TENNESSEAN Metropolitan Nashville Airport Authority Nashville Convention Center
METRO GOVERNMENT
Cooper for Congress The DISTRICT Board
State Senator Douglas Henry Nashville Convention and Visitors Bureau National Association of State Boards of Accountancy Tennessee Road Builders Association
PUBLIC RELATIONS AND MARKETING
Destination Nashville DVL Public Relations & Advertising Event Logistics, Inc. Hall Strategies Katcher Vaughn & Bailey Public Relations Malham Leverage Group McNeely Pigott & Fox Public Relations, LLC
REAL ESTATE BROKERS, DEVELOPERS AND PROPERTY MANAGEMENT
Bristol Development Group Carell Family, LLC C.B. Ragland Company CBRE Colliers International/Nashville Cook Properties Core Development Services Corner Partnership, LLC Eakin Partners First Management Services Howard & Manis Enterprises, LLC
NASHVILLE DOWNTOWN PARTNERSHIP To make downtown Nashville the compelling urban center
in the Southeast in which to LIVE, WORK, PLAY and INVEST
MarketStreet Enterprises LLC MJM Real Estate Investments, LLC One Nashville Place Parkway Properties, Inc. The Pinnacle at Symphony Place Robin Realty Company LLC Tower Investments, LLC Village Real Estate Services Vista Germantown Warner Partners, LP XMi Commercial Real Estate Zeitlin & Co., Realtors
RETAIL, RESTAURANTS AND ENTERTAINMENT
Dunn Bros. Coffee Firestone Complete Auto Care Hard Rock Café Nashville Jack’s Bar-B-Que Legends Corner Pita Pit Nashville The Second Fiddle The Stage on Broadway Wildhorse Saloon Block-by-Block
SECURITY
AT&T Nashville Electric Service Piedmont Natural Gas
UTILITIES
615.743-3090 www.nashvilledowntown.com www.parkitdowntown.com 150 Fourth Avenue North, Suite G-150 Nashville, TN 37219