Breadth of Strength and Experience
Urban Planning
Urban Design
Sense of Place
Understanding Mixed-Use Synergies
Historic Preservation
Public/Private Partnerships
Real Estate Development Experience
Real Estate Economics/Finance
Phased Mixed-Use District Development
Tax Increment Financing (TIF)
Tax Credit Expertise
Market-Driven Downtown Planning
• More than just pretty pictures/project wish lists• An understanding of the realities of the downtown
development market infuses our work from the very beginning; not to inhibit our vision, but to make sure that it is a viable and feasible one
• The result is a market-driven plan AND specific implementable programs and development projects that can begin to take shape immediately.
• An initial set of catalytic development projects
Catalytic Development Projects• Projects that can jump-start the vision• Projects that can both accommodate existing unmet
market demand AND induce new market demand• Projects that can serve as anchors for a downtown
district and spur additional development; new downtown “destinations.”
• Projects of a size and scale that can be implemented under current economic conditions and show initial, early success
• Projects that help “brand” the new downtown Laredo
Example: Owensboro, Kentucky
- Downtown Owensboro Strategy: completed November 2008
- Gateway Planning, CityVisions, TKX
Results: One Year Later
-raised 60M in public funds
Projects underway:
- Riverfront Park- 27 acre waterfront acquisition- Downtown Public Market Square- Two way Street conversion- Streetscape Program- Downtown Convention Hotel (private w/NMTC)- Downtown Convention Center- Downtown Arts Academy-- Downtown Arts District- Arts District residential Historic Rehab (HTC/NMTC)- Historic District Residential Rehab (private)- Waterfront new residential development (private)- New utility HG Building (private)
Owensboro Arts and Cultural District
• Unique new mixed-use “District” with arts focus residential potential
• Induce additional retail and residential demand
• Mix of historic rehabilitation and contemporary new units
• Feeds off adjacency of RiverPark Center and waterfront revitalization
• Has potential for critical mass
Catalytic Projects: Louisville
• West Main Street• Louisville Slugger Museum• Waterfront Park• Fourth Street Live• 21C Hotel• Glassworks Lofts• Henry Clay Building
West Main Street
“One of the great streets in America”- American Planning Association 2008
West Main Street
Initial Public Investment $ 7.5 million
Initial Public/Private Partnership $ 20 million
Total Investment to Date $200 million
Louisville Slugger Museum
Waterfront Park
Top Ten Urban Parks in AmericaUrban Land Institute
Fourth Street Live!
2005 Urban Land InstituteAward for Excellence
Fourth Street Live! Phase II
21C Hotel, Louisville, KY. “Best US Hotel – 2009” – Conde Nast
The Louisville Glassworks Lofts at the old Snead Manufacturing Building
The Louisville Glassworks Lofts
Living in Louisville’s Downtown
The Louisville Glassworks Lofts
Working in Louisville’s Downtown
The Louisville Glassworks Lofts
Playing in Louisville’s Downtown
The Jazz Factory
Roof Top Deck
Hot Shop & Glass working
Glass Gallery & Gift Shop
T H E H E N R Y C L A Y
T H E H E N R Y C L A Y
T H E
H E N R Y C L A Y
T H E H E N R Y C L A Y
LIVING
AT T H E H E N R Y C L A Y
Financing and Capital: Public and Private
Downtown Housing Fund
Best Revolving Loan FundCDFA
Downtown Achievement Award IDA
Downtown Housing 1985-2003: 230 units(prior to Downtown Housing Fund)
Downtown Housing 2003-2009 1,800 units(since Downtown Housing Fund)
New Markets Tax Credits2009 Allocations• Texas Only• Texas Community Development Capital Corp
$75,000,000 Texas Mezzanine Fund, Inc. $25,000,000
• Texas Included $ 815,000,000
Richardson-Olmsted ComplexBuffalo, New York
Richardson-Olmsted ComplexBuffalo, New York
Master Development: A Mix of Uses
Master Development
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