Downtown Indy, Inc.'S 2017 Community Report

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Downtown Indy, Inc.'S 2017 Community Report I nd ia na Av e. North St. d v l B y t i s r e v i n U Pedestrian Bridge Washington St. r D W y w k P r e v i R e t i h W . S . ve Exit 110A r A ive R I-65 North Ray St. Downtown Indy, Inc. is a private, not-for-profit organization uniquely positioned to address issues that affect the area’s growth and well-being. Downtown Indy, Inc. focuses on advancing Downtown as a great place to live, learn, work and play. DowntownIndy.org HELLO INDIANAPOLIS, On behalf of the board and staff of Downtown Indy, Inc., we are pleased to present this Community Report to provide a glimpse of the current state of our Downtown. There is great momentum reflected in the data and trends presented on the following pages, as well as opportunities for growth to continue making Downtown Indianapolis an outstanding place to live, learn, work and play. Civic success can best be witnessed at the intersection of intentionality and organic growth and development. This intersection is where we witness the spirit of collaboration by our board, staff, volunteers, members, residents, elected officials, civic partners and business and community leaders who are collectively committed to excellence for Downtown. From the entrepreneurial spirit fueling new leaders to the steadfast corporate giants on whose shoulders we stand as a community, Downtown is the benefactor of visionary leadership and bold decisions. Downtown continues to offer its residents, workers, students and visitors a connectivity that inspires new relationships, experiences and diversity. This is why our Downtown works. Looking ahead, we invite you to join us in maintaining the positive momentum. Our attention will be on quality of life and place concentrating on the heartbeat of our regional center to maximize efforts on talent attraction and retention. So join us. Experience the momentum of Downtown’s urban energy. Catch a game. Go for a run. Meet over lunch. Bike the Cultural Trail. Dine at a new restaurant. Rediscover a familiar watering hole. Walk the Canal. Get lost in a museum. Reflect at a memorial. Explore public art. Study hard. Start a career. Collaborate, create and innovate with co-workers. And take it all in. Thank you for your continued interest, involvement and investment in the work of Downtown Indy, Inc. Here’s to the year ahead. Charles Bantz Sherry Seiwert Chair, Downtown Indy, Inc. Board President, Downtown Indy, Inc. BOARD OF DIRECTORS CHAIR (Directors Continued) Charles Bantz, Ph.D., IUPUI Andre B. Lacy, LDI Ltd. Jason Leet, Salesforce Marketing Cloud VICE-CHAIR David Lies, OneAmerica Financial Partners Inc. Richard Ellis, PNC Bank Tim Massey, BMO Harris Bank TREASURER & SECRETARY Steve Menser, IBEW Local #481 William H. Henley, Indianapolis Power & Light Jeff Miller, City-County Council Company Darin Moody, Eli Lilly and Company Vop Osili, City-County Council DIRECTORS EMERITI Brian Payne, CICF Robert H. Reynolds, Barnes & Thornburg M.T. Ray, High Alpha Jerry D. Semler, OneAmerica Financial Partners, Inc. Jessica Robertson, Indiana Dept. of Admin. DIRECTORS Keith Shopnick, Indianapolis Marriott Downtown Nathan Brames, EY Krista Skidmore, FlashPoint Brian Burdick, Barnes & Thornburg LLP J. Albert Smith, Jr., JPMorgan Chase & Co. Karen Burns, Indianapolis Zoo Dennis Sponsel, RJE Business Interiors Brad Chambers, Buckingham Companies Todd Taylor, Pacers Sports & Entertainment Greg Chester, PricewaterhouseCoopers LLP Amy Conrad Warner, IUPUI J. Murray Clark, Faegre Baker Daniels Joe Whitsett, TWG Development LLC Jim E. Dora, Jr., General Hotels Corp. Douglas Wilson, IndyStar Tom Fox, Angie’s List EX OFFICIO Adairius Gardner, Indiana University Health Leonard Hoops, Visit Indy John Griffin, Cen. Indiana Building Trades Council Stevi Stoesz Kersh, Indianapolis City Market C. Perry Griffith, Denison Parking Inc. Rob Hillman, Anthem Blue Cross & Blue Shield PRESIDENT Steven Humke, Ice Miller LLP Sherry Seiwert, Downtown Indy, Inc. Craig Huse, St. Elmo Steak House VICE PRESIDENTS Kalen Irsay Jackson, Indianapolis Colts Bob Schultz, Downtown Indy, Inc. Jarrett Jones, Rolls-Royce North America Tim Boruff, Downtown Indy, Inc. Angela Smith Jones, Office of the Mayor b a n 17th St. y w a s 17th St. l e e w n A C a N n l . t. e e e P D Senate v th S 17 16th St. Pl. A e g e l l 16th St. 16th St. o C 2016, referencing specificeconomic referencing 2016, Indianapolisatyear-end of Downtown ofthestate asnapshot Report provides Community Inc.’s2017 Indy, Downtown reflects thisarea. Unless otherwisenoted,thedata inthisreport onthewest. the WhiteRiverandHardingStreet the north,I-65/I-70oneast andsouth Street on defined astheareaboundedby16th is For thepurposeofthisreport,“Downtown” thecountry. across peer downtowns localpartnersstatistics from as aswell Inc.staff andincludesdata Indy, Downtown gatheredby was Information thereport. throughout data issourced Localandnational thecommunity. facing strengthsandchallenges indicators, OVERVIEW 15th St. t . e . t v S S A s 15th St. i l m o l o t n a i i l c l p t lburn St lburn I a n 14th St. Mi o C . t M S th St. 14 . r J , g n r. i K r 13th St. 13th St. e y E D h t kw u L k P n i e t r re a ll C M . 12th St. Fa r D Indiana A ve 11th St. . Blvd. ertson ob R ar sc O 10th St. 10th St. St. Joseph St. ve 10th St. A 9th St. ayne . t rt W S Fo n o s l i W Indiana A St. Clair St. Wishard Blvd. ve . Walnut St. r Walnut St. D l a t i p s o . H e . v y r e A l D North St. i North St. l e R l t i a h n n e r S a B . t S a . i e Michigan St. n ve Michigan St. v . a t A v s A S l tt k y a r s se i a n n P r n o e . f P i ssachu e l . v . a . t d Vermont St. t Ma e A v S Vermont St. C S l v . t e B s d A i . S Beau r g t Vermont St. l y o o e t S . e o l i f t n l t MILE SQUARE r t i s i k l ty S s r o l a c p I e e A C n a w a Lockerbie St. v v l i e a a W C i B l . n d e i U r D e New Y M ork St. New York St. . t t S S y a e s m r a e b J a l w A e Ohio S t. N . t S t s a E Washington St. Pedestrian Bridge Maryland St. . t S t s e W Georgia St. Washington St. Virginia A ve . . e t v S A t s e e g e W l l o C South St. Ma . r F di letc D . s t . on A h t S e . S W r A s e i e v v y o e ve r . A w n a i l l k l . w I o P W. Henry St. t Henry St. a i . r l t p . e e S v a D t i ve s C R a y A e . E . t t t i uck S S h nt r i r e W Ke u v W. Merrill St. Merrill St. o o S r s s i D t. Ru M ss Oliver Ave. Abbot St. . e . ll St . ridian S ve r e. v Exit 110A ve W. Norwood St. D y A A . ll Me er W v Ho y Ri rion A rion w . k Ma P ve r e v i McCarty St. W. McCarty St. R rren A rren e t i Wa h Ma W di . S s on A I-65 North v e . W. Ray St. Ray St. CONTENTS TRENDS LIVE WORK PLAY NEXT 6 8 10 12 14 5 TRENDS OFFICE INVESTMENT TECH DOWNTOWN andplay! learn,work live, to theneighborhood residentsto new welcome timeto greater beena rentanapartment realestate, andopenarestaurant.Therehasnever in commercial theirbusiness,invest locate numbers asTHEplaceto Indianapolisinrecord choosing Downtown are demand.People greater andeven encouraginggrowth experience continuesto Downtown Withinasmallfootprint, therestofcity. thepace for set Indianapoliscontinuesto Downtown 2016 COMMERCIALTRANSACTIONS Sports Entertainment & SOURCE: Metropolitan Statistical Metropolitan Statistical Area arelocated of Indianapolis of alladvanced industry jobs Multi-Family 16% Downtown Hospitality Industrial Specialty CoStar Office Retail Land Flex 24 22 14 12 OFFICE 6 3 7 1 1 resulting in IU Business Research Center IU BusinessResearch SOURCE: 4,000+ are located were Downtown 24 tech jobs sales sales transactions, commercial commercial 90 Brookings.edu, Brookings.edu, Of the $360M JLL Research Inc.& Indy, Downtown SOURCE: TECH COMPANIES TECH COMPANIES DOWNTOWN compared to to compared West St. West St. West St. SOURCE: Senate Ave. $162M single sale Capitol Ave. N No Oh ew Y ew Highest rt io S io h St So Geor ork S t. uth S uth . gia St gia t. St. t. Illinois St. . CoStar Ma di s Meridian St. Ve rmo nt St Pennsylvania St. . W ashingt M in t. on Delaware St. ar S yland t. S t. OFFICE Alabama St. Ma Virginia A Virginia ssachu ve se . tt s A New Jersey St. ve . Mic hi ga East St. S n Lock t. Salesin2015. e CENTER REGIONAL 93 CIRCLE MONUMENT 46 within a1/4mileof 61 in the SQUARE MILE QUICK in the FACT E x i s t i n g THE RISEOFRESTAURANTS A CLASS M A NEW RESTAURANTS OVER THE LAST FIVE YEARS HAVE LOCATED IN POPULAR DOWNTOWN AREAS: INPOPULARDOWNTOWN LOCATED FIVEYEARSHAVE THELAST OVER NEW RESTAURANTS YEAR* OPENEDEACH THAT RESTAURANTS * A 2016 2015 2012 2014 2013 Indianapolis.
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