2012 State of Downtown Luncheon
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Transcript of 2012 State of Downtown Luncheon
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Special thanks to our generous sponsors:
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Special thanks to our venue sponsor:
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#sodtsa
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San Antonio
Convention & Visitors Bureau
Casandra Matej, Executive Director
November 19
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Economic Impact
• 28 million visitors
• $12 billion economic impact
• 112,531 employed
• $162M+ taxes & fees to the City
• $300M+ taxes to local governments
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Competitive Landscape
• Competitive set continues to invest in
their product
• Austin, Dallas, and Houston are all
making major improvements with their
group meetings and leisure product
• Convention Center expansion impact
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Convention Center Expansion
• Increases total prime contiguous exhibit space from
426,600 sq. ft. to at least 500,000 sq. ft.
• New Exhibit Ballroom – column free – 80,000 – 90,000 sq. ft.
• New Grand Ballroom – largest in TX at over 50,000 sq, ft,
• Flexible Meeting and Ballroom Space
• Consistent quality throughout convention center
• Improve competitive position nationally
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Convention Center Expansion
Timeline
Design Start October 2012
Construction Start September 2013
Construction Complete April 2016
West End Demolition Complete July 2016
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• Major Upcoming Developments
• Tobin Center for the Performing Arts
• River Walk expansion
• UNESCO Designation for Spanish Missions
Looking Ahead
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•More Major Upcoming
Developments
• Broadway Reach
• Hemisfair Park Redevelopment
• 300th Birthday
Looking Ahead
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• Based on consumer research
• Generated more than 200,000 new Facebook “Likes”
• Engaged consumers with 4K+ submitted photos
• First DMO to create and implement a completely consumer-generated
campaign
“Remember the…” Campaign
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2013 Initiatives
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2013 Initiatives
Certified Tourism
Ambassador Program
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Integrated Sales
Strategy
2013 Initiatives
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Weston Centre
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Dennis McDaniel President Austin Fairchild Management Company Steel House Lofts
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SA2020 VISION PROCESS
Achieve
greater
balance
Diversify
product
types
Attract
residents,
workers
Improve
living
experience
Dream It
Map It
Do It
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Strategic Framework Plan Recommendations
Housing First Strategy
Creating a Vibrant Place
Strategic Framework Plan
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Growth and equilibrium
SENSE OF
COMMUNITY TOURISM
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Center City
Today
7,000
12,000
SA2020
+5,000
14,500
Recommendation
+7,500
Housing First Strategy: Set 7,500 housing unit growth target
Housing Units by 2020
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0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Potential for housing growth
Population Per Square Mile
CBD 2-Mile Radius of Comparable Cities
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Current Status of Center City MF Housing
Existing Apartments 3,343 Units Existing Condos 596 Units Apartments Under Construction 406 Units Apartments Proposed 856 Units Condos Proposed 42 Units
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New Units Since SA2020 Vision Announced
Existing 1,080
Proposed 448
TOTAL 1,528
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1221 Broadway
Scope Total Investment: $46,275,914 Total Units: 309 Market Rate Apts. Rent Per Square Foot: $1.40 Public Improvements: $2,000,000
Schedule 270 Units opened in August 2011 100% Occupied 39 units under construction
Contact Developer: AREA Real Estate, LLC Contact: David Adelman, Principal 210.417.4314
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Cevallos Lofts
Scope Total Investment: $39,000,000 Total Units: 252 Mixed Income Apartments Rent Per Square Foot: $1.25
Schedule Project opened in January 2012 98% Occupied
Contact Developer: The NRP Group Contact: Dan Markson, Senior Vice President 210.487.7878
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Can Plant Residences at Pearl – 503 Avenue A
Scope Total Investment: $40,070,590 Total Units: 293 Market Rate Apts. Rent Per Square Foot: $1.65 Public Improvements: $624,078
Schedule Phase I opened July 2012 Phase II & III open late Fall 2012
Contact Developer: Rio Perla Properties Contact: Elizabeth Fauerso, CMO 210.269.6027
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1800 Broadway
Scope Total Investment: $28,989,700 Total Units: 221 Market Rate Apts. Rent Per Square Foot: $1.47 Public Improvements: $855,891
Schedule Project will open December 2012
Contact Developer: Criterion Broadway Contact: Pretlow Riddick, President 214.393.4107
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The Mosaic – 1915 Broadway Scope Total Investment: $21,994,633 Total Units: 120 Mixed Income Apts. 108 Market Rate Apts. 12 Affordable Apts. Rent Per Square Foot: $1.60 12,000 sq. ft. of ground floor retail space Public Improvements: $340,000
Schedule Project will open March 2013
Contact Developer: Broadway Developments Contact: George Mauze, President 210.444.1915
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1010 S. Flores
Scope Total Investment: $7,453,204 Total Units: 56 Market Rate Apt. Rent Per Square Foot: $1.40 Public Improvements: $358,325
Schedule Project will open in Spring 2013
Contact Developer: Landbridge Partners Contact: Sunshine Thacker, Partner 210.912.7725
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Blue Star Phase II – 500 Block of Blue Star
Scope Total Investment: $42,705,845 Total Units: 320 Rent Per Square Foot: $1.50 Public Improvements: $2,200,000
Schedule Project will open in Fall 2014
Contact Developer: The NRP Group Contact: Dan Markson, Senior Vice President 210.487.7878
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River North Multi-Family – Ave. E & 13th
Scope Total Investment: $31,500,000 Total Units: 256 Market Rate Apts. Rent Per Square Foot: $1.65 Public Improvements: $725,000
Schedule Project will open Spring 2015
Contact Developer: Hixon Properties Contact: John Beauchamp, Vice President 210.225.3053
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Residences at Brackenridge Hill – E. Mulberry at Brackenridge
Scope Total Investment: $32, 727,319 Total Units: 280 Rent Per Square Foot: $1.44 Public Improvements: $783,126
Schedule Project will open Fall 2013
Contact Developer: Embrey Partners Contact: Robert Hunt, Executive Vice President 210.804.5255
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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141 S. Flores St. San Antonio
steelhouselofts.com
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1401 S. Flores St. San Antonio
steelhouselofts.com
![Page 59: 2012 State of Downtown Luncheon](https://reader034.fdocuments.in/reader034/viewer/2022051817/547951d3b47959a4098b4746/html5/thumbnails/59.jpg)
1401 S. Flores St. San Antonio
steelhouselofts.com
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Thank You!
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Special thanks to our generous sponsors:
![Page 64: 2012 State of Downtown Luncheon](https://reader034.fdocuments.in/reader034/viewer/2022051817/547951d3b47959a4098b4746/html5/thumbnails/64.jpg)
Special thanks to our venue sponsor:
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downtownsanantonio.org
Thank You!
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“Great cities have great
downtowns”