Api overview 10 09
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ARTSPACE PROJECTSAmerica’s leading nonprofit developer for the arts
Monday, June 7, 2010
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ABOUT ARTSPACE• Established in 1979
• Recognized national leader in arts facility development
• 25 completed projects in 12 states
• 10 projects in predevelopment in 7 states
• 886 affordable live/work units serving more than 2,000 artists
• 600,000 sq. feet (55,700 sq. meters) of commercial space
• Consulting in USA, Canada, China, England, Netherlands, Serbia
Monday, June 7, 2010
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OUR MISSIONis to create, foster, and preserve
affordable space for artists and arts organizations
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OUR PROGRAMS
• Property development
• Asset management
• National consulting
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OUR PROJECTS
• Help communities reclaim neighborhoods that face redevelopment challenges
• Are usually located in areas with vital artist communities
• Often involve buildings or land with significant historical context
• Require strong, committed community leadership
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OUR PROJECTS
• Typically take 3 to 5 years to complete
• Are fully funded before construction begins
• Are financially self-sustaining
• Are owned and operated by Artspace to ensure that they remain permanently affordable
Franklin Arts CenterBrainerd, Minnesota
Monday, June 7, 2010
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OUR PROJECTS• Create and preserve space
for the creative community
• Help cities retain artists and enhance their cultural vitality
• Build safer, more attractive neighborhoods
• Act as catalysts for economic development
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MTBillingsWhitefish WY
CasperSDYanktonSioux Falls
NDMinot
IACouncil Bluffs____________________
Des MoinesSioux City
AZAjoTucson NM
Taos
NVReno____________________
Reno
TXGalvestonHouston____________________
AustinEl PasoGeorgetownHouston
ALMontgomery
LANew Orleans
KSSalina
OKCordell
VALeesburgMartinsville
NCCharlotte
SCGreenville
PAPittsburgh____________________
Scranton____________________
EastonPhiladelphiaWilkes-Barre
NYBuffalo____________________
New YorkPatchogue____________________
AlbanyChathamHuntingtonSyracuse
DCWashington
CTBridgeport____________________
Hartford
NJCamdenHobokenOrangeTrenton
MDMount Rainier____________________
BaltimoreColumbiaFrederick
FLFort Lauderdale (2)____________________
Tallahassee____________________
HollywoodMiamiSarasotaTampa
WASeattle (3)____________________
Everett____________________
AuburnOlympia
ORPortland____________________
Portland
CASanta Cruz____________________
MontereySanta Cruz____________________
ChicoLong BeachLos AngelesOntarioPittsburgPomonaSacramentoSan DiegoSan FranciscoSan JoseSanta AnaSanta MonicaVentura
COAuroraDenverLovelandWestminster
AKAnchorage
HIHonolulu
ILChicago____________________
ElginWaukegan___________________
BerwynGalesburgFreeportMacombPeoriaRockfordRock Island
WILa CrosseSt. Croix FallsStoughton
MIDetroitGrand RapidsJackson
INIndianapolisMichigan City
OHHamilton____________________
ClevelandColumbusMansfieldToledo
MNBrainerdDuluthFergus FallsMinneapolis (3)Saint Paul (3)____________________
Minneapolis (2)
Albert LeaLittle FallsMinneapolisNew UlmSt. Croix ValleySaint Paul
Consulting (2004-2009)
Projects in Development
Projects in Operation
Artspace at Work in the U.S.: 2009
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OUR METHODS
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ADAPTIVE REUSENorthern and Tilsner Warehouses / St. Paul, Minnesota
52 and 66 live/work units in two historic warehouses (opened 1990, 1993)
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ADAPTIVE REUSEHennepin Center for the Arts / Minneapolis, Minnesota9 dance studios, offices of 17 arts organizations in 1888 Masonic temple (opened 1997)
Monday, June 7, 2010
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ADAPTIVE REUSEElder Street Artist Lofts / Houston, Texas
34 live/work units in 1924 municipal hospital (opened 2005)
Monday, June 7, 2010
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NEW CONSTRUCTIONArtspace Tannery Lofts / Santa Cruz, California
100 affordable live/work residences in two buildings (opened 2009)
Monday, June 7, 2010
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NEW CONSTRUCTIONArtspace Hiawatha Lofts / Seattle, Washington61 live/work units, 5,000 square feet of commercial space (opened 2008)
Monday, June 7, 2010
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OLD + NEWTashiro Kaplan Artist Lofts / Seattle, WashingtonThree new stories added to historic Pioneer Square building (opened 2004)
Monday, June 7, 2010
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OLD + NEWArtspace Buffalo Lofts / Buffalo, New York
60 live/work units: 36 in historic factory, 24 new construction (opened 2007)
Monday, June 7, 2010
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BIG CHALLENGESShubert Theater / Minneapolis, Minnesota
Heaviest building ever moved on rubber tires (1999)
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BIG CHALLENGESMinnesota Shubert Center / Minneapolis, Minnesota
Two historic buildings (Hennepin Center for the Arts, Shubert Theater) joined by new Great Hall(construction begins 2009)
Monday, June 7, 2010
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BIG CHALLENGESPS109 / East Harlem, New York
90 residential units, space for Latino cultural groups (construction begins 2010)
Monday, June 7, 2010
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SMALL CHALLENGESChicago Avenue Fire Arts Center / Minneapolis, Minnesota
Adaptive reuse of former silent movie theater (construction begins 2009)
Monday, June 7, 2010
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SPACE
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FOR LIVINGMount Rainier Artist Lofts / Mount Rainier, Maryland
44 live/work units, 7,000 square feet of commercial space (opened 2005)
Monday, June 7, 2010
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FOR LIVINGTashiro Kaplan Artist Lofts / Seattle, Washington
50 live/work units, 15 galleries, 12 studios, offices of county cultural agency (opened 2004)
Monday, June 7, 2010
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FOR LIVINGSwitching Station Artist Lofts / Chicago, Illinois
24 live/work units, enclosed courtyard (opened 2003)
Monday, June 7, 2010
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FOR WORKINGTraffic Zone Center for Visual Art / Minneapolis, Minnesota
24 studios for mid-career artists in historic warehouse
Monday, June 7, 2010
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FOR WORKINGNorthern Warehouse / St. Paul, Minnesota52 live/work units, two floors of commercial space (opened 1990)
Monday, June 7, 2010
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FOR EXHIBITINGArtspace Sailboat Bend Lofts / Fort Lauderdale, Florida
37 live/work units, three-level gallery and community room (opened 2007)
Monday, June 7, 2010
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FOR EXHIBITINGWashington Studios / Duluth, Minnesota
39 live/work units, community center operated by City of Duluth (opened 1995)
Monday, June 7, 2010
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FOR PERFORMINGIllusion Theater
Hennepin Center for the Arts / Minneapolis, Minnesota
Monday, June 7, 2010
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FOR LEARNINGDance Institute
Hennepin Center for the Arts / Minneapolis, Minnesota
Monday, June 7, 2010
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FOR FAMILIESFrogtown Family Lofts / St. Paul, Minnesota36 live/work units, all with two or three bedrooms (opened 1992)
Monday, June 7, 2010
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FOR ARTS ORGANIZATIONSSierra Arts
Riverside Artist Lofts / Reno, Nevada
Monday, June 7, 2010
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FOR ARTS ORGANIZATIONSJames Sewell Ballet
Hennepin Center for the Arts / Minneapolis, Minnesota
Monday, June 7, 2010
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FOR ARTS-FRIENDLY BUSINESSESBev’s Wine Bar
Traffic Zone Center for Visual Art / Minneapolis, Minnesota
Monday, June 7, 2010
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FOR ARTS-FRIENDLY BUSINESSESAll City Coffee
Tashiro Kaplan Artist Lofts / Seattle, Washington
Monday, June 7, 2010
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FOR COMMUNITIESArtspace Hiawatha Lofts / Seattle, Washington61 live/work units, 5,000 square feet of commercial space (opened 2008)
Monday, June 7, 2010
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QUALITIES
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LARGE WINDOWSSpinning Plate Artist Lofts / Pittsburgh, Pennsylvania
37 live/work units in historic automobile dealership (opened 1998)
Monday, June 7, 2010
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OPEN FLOOR PLANSNorthern Warehouse / St. Paul, Minnesota
52 live/work units, 2 floors of commercial space (opened 1990)
Monday, June 7, 2010
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HIGH CEILINGSTilsner Warehouse / St. Paul, Minnesota
66 live/work units (opened 1993)
Monday, June 7, 2010
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COMMUNITYSwitching Station Artist Lofts / Chicago, Illinois
Resident artists landscape the grounds
Monday, June 7, 2010
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ACTIVITYFirst Thursday Artwalk
Tashiro Kaplan Artist Lofts / Seattle, Washington
Monday, June 7, 2010
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AFFORDABILITY
89% of Artspace live/work units meet or exceed the U.S. Department of Housing and Urban Development’s standard for Section 42 affordable housing.
Artspace Buffalo LoftsBuffalo, New York
Monday, June 7, 2010
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MONEY MATTERS
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SOURCESSOURCE! AMOUNT! PCT.!
Public Sources!
Federal low income housing tax credits! $ 6,592,060! 41 % !
State low income housing tax credits! $ 2,796,404! 17 %!
Federal historic tax credits! $ 1,678,775! 10 %!
HOME funds ($900,000 from state, $400,000 from city)! $ 1,300,000! 8 %!
Community Development Block Grant (city)! $ 300,000! 2 %!
Federal allocation! $ 250,000! 2 %!
Private Sources!
Private sector (philanthropic gifts)! $ 1,400,000! 9 %!
First mortgage! $ 1,200,000! 7 %!
Deferred developer’s fee! $ 670,944! 4 %!
TOTAL! $ 16,188,183! 100 %!
Artspace Buffalo Lofts / Buffalo, New York
Monday, June 7, 2010
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OTHER SOURCES
• Tax increment financing
• Housing trust funds
• Easements
• State cultural facility grants
• Economic development initiatives
• Taxable and tax-exempt bondsRiverside Artist Lofts / Reno, Nevada
Monday, June 7, 2010
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USES
Artspace Buffalo Lofts / Buffalo, New York
CATEGORY AMOUNT PCT.
Site acquisition (building and land) $ 600,000 4%
Construction costs $ 11,678,581 72%
Professional fees (architect, engineer, surveyor, etc.) $ 947,623 6%
Construction interim costs $ 250,500 2%
Permanent financing $ 152,000 1%
Soft costs (appraisals, studies, consultants, etc.) $ 123,500 1%
Developer fee (mandated by state law) $ 2,012,831 12%
Legal costs $ 140,000 1%
Reserves $ 284,620 2%
TOTAL $ 16,189,655 100%
Monday, June 7, 2010
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BEFORE AND AFTER
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BEFORETilsner Warehouse / St. Paul, Minnesota
Monday, June 7, 2010
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AFTERTilsner Warehouse / St. Paul, Minnesota
Monday, June 7, 2010
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BEFOREJefferson Davis Hospital / Houston, Texas
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AFTERElder Street Artist Lofts / Houston, Texas
Monday, June 7, 2010
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ON THE HORIZON
Monday, June 7, 2010
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HAWAI‘IAdult students at halau hula in Honolulu
Monday, June 7, 2010
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NEW ORLEANSMardi Gras Indians in costume
Monday, June 7, 2010
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NORTHERN PLAINSDancers at 40th annual United Tribes powwow
Bismarck, North Dakota
Monday, June 7, 2010
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Monday, June 7, 2010