Data, statistics, and information on for residents and businesses Sponsored by the Downtown Action Team * Downtown Albuquerque,

2013 DATABOOKPut a New Mexico festival in your future! newmexicoartsandculture.org Las Vegas Los Alamos Raton Silver City Taos

New Mexico’s Arts & Cultural Districts are Who we are and what we do. us about ownto The Downtown Action Team lobbies for Downtown growth and development, and advocates for D w incentives for small and local business owners to thrive, grow and succeed. Our mission is to opti- n mize the value of Downtown Albuquerque as the economic, creative, and entertainment heart of the community. We strive to make ourselves open, engaging, and accesible. We: 1. Serve as the management committee for the Business Improvement District (BID) to provide en- hanced services to the businesses and properties within the BID 2. Attract quality growth and investment in Downtown that benefits the greater Albuquerque region 3. Understand the market and pro-actively collaborate with all the key players in the community to develop and implement strategies to reach our desired outcomes 4. Enhance the image and vibrancy of Downtown 5. Manage the Downtown Growers’ Market, which takes place for 25 weeks of the year and attracts over 40,000 people annually 6. Act as your link to Downtown business owners, City Government, property managers, realtors, and financial advisors. Business Improvement Our Clean & Hospitality Ambassadors are the most visible members of the team. They pro- Districts are special districts vide outreach to the community, as well as remove trash, power wash sidewalks, and provide other in which property owners vote specialized maintenance. Image Enhancement Initiatives include efforts to improve the business to initiate, manage and finance climate, enhance the physical appearance of Downtown, and increase the overall marketability of supplemental services beyond those already provided by local Downtown to attract new businesses, consumers and visitors. The Ambassadors: government. The goal of a BID • Ensure a clean and welcoming environment in Downtown Albuquerque is to restore or promote busi- • Collaborate with appropriate agencies and property & business owners to enhance safety ness activity in targeted com- • Support crime prevention; positively address the challenges associated with street populations mercial areas. The Downtown • Provide information to visitors and work to make Downtown streets more hospitable Albuquerque BID was formed in 2000. squeaky clean 107,000+ pounds of trash picked up by our Ambassadors last year alone. us 03 ownto find D I-40 w The Business Improvement District is the Downtown n core and bounded by Marble Avenue to the north, the railroad tracks to the east, 10th Street to the west, and Coal to the south.

District Legend Courthouse

Warehouse

Plaza

Arts & Entertainment Transportation I-25 Casa

The greater Downtown area is roughly bounded by I-40 to the north, I-25 to the east, the Rio Grande river to the west, and the neighborhood of to the south. The light grey circle shows an approximate half mile radius of Downtown. Downtown has $2 billion in payroll transactions annually, the highest in the City. dobusiness

Population & Demographics The metropol- Energy According to the U.S. Department of itan region has a population of approximately Energy, New Mexico’s energy cost is 7% below 900,000 people. There are over 12,000 people the national average, and 19% below the re- that live within 1 mile of the Downtown core. gional average. New Mexico is also one of the More than 44,000 commute into Albuquerque’s nation’s leading energy producers, ranging from Downtown to work every day. oil, natural gas and nuclear to solar, wind, ther- mal and biofuels. Retail Market Nearly 3,500 people are em- ployed in the retail industry in the greater Down- Market Access Our proximity to the fastest town region. Retail space reaches nearly 600,000 growing states of Nevada, Arizona, Utah, Cali- square feet in the Downtown area alone, with fornia, and Texas with ease of access to Mexico asking rates going for approximately $12-19 per make New Mexico’s biggest city, Albuquerque, square foot. Vacancy rates for retail space stand an obvious choice for business opportunity. at 17.4%. Tax Benefits Continued tax cuts and growing Office Market With average leasing rates for state revenues have improved the state’s tax cli- keep it local Class A and B commercial spaces ranging from mate, lowering the tax burden in New Mexico One of the “Top Cities for $14-19 per square foot, Albuquerque has some to its lowest rate in 20 years. Today, we proud- Small Business”-The Business of the most affordable commercial office space ly boast the lowest property tax burden in the Journal in the country. Downtown also offers over 2.7 country, according to the Tax Foundation’s 2012 million square feet of office space with fantas- State Business Tax Climate Index, and property #1 for the lowest cost of tic vistas of the Sandia mountains and the volca- is assessed at only 33% of its market value. doing business, looking noes, with ease of access to Interstates 25 and at energy costs, worker 40. compensation, and taxes. -Moody’s North American Business Cost Review & Economy 05

Development Process Downtown provides some of the lowest city development fees in the region, which gives us a competitive advantage over suburban sub-markets. It is also impact fee free, a Metropolitan Redevelopment Area incentive to encourage new Downtown development. Downtown also has the City’s most streamlined development approval process. The Downtown 2010 Sector Development Plan is a form-based code that established an easy four-step approach to building in Downtown: • Locate your property on the district map • Identify which uses are permitted, regulated or prohibited in your district • Identify the building types authorized for your district • Apply the building standards applicable to your project

Utilities Infrastructure Downtown Albuquerque is the 6th best place in the United States to lo- cate a secure data center, according to Princeton, New Jersey-based The Boyd Company. They cite Albuquerque’s “robust bandwidth, telecommunications and power infrastructure, favorable oper- ating cost structures, and established high-tech research base”, as well as our relative immunity to natural disasters.

Fiber Network We are the crossroads of the 12,000 mile National LambdaRail (NLR), the “network of networks” and a national, advanced optical network running both N/S and E/W. There are no re- strictions on usage or bandwidth. The Downtown network is fed from two different locations on the utility company transmission system (Public Service Company of New Mexico, or PNM), minimizing distruptions in service by providing two feeds. PNM recently also completed a multi-million dollar, world-class upgrade to their Downtown network, allowing for better remote control, monitoring, and visibility by distribution system operators and enabling better response time.

Downtown private investment for the 3rd quarter of 2013 alone totaled well over $4.6 millions dollars. -City of Albuquerque Downtown has the most diverse selection of housing in Albuquerque. live&workdowntown

Cost of Living The cost of living composite Health Care Within 1/2 mile of Downtown are index is 95, a full 5% under the national aver- multiple hospitals and health care centers: age. Comparatively, , has an index of 103. • Lovelace Medical Center, a 263 bed hospital with Housing, utility, and grocery costs score 10% un- 24-hour emergency services der the national average. • Heart Hospital of New Mexico, with 55 beds • Lovelace Rehabilitation Hospital (the only hospi- tal in New Mexico accredited by the Commission Residences The total population of the Down- on Accreditation of Rehabilitation Facilities) town is 12,671 living in 7,058 units. Another • New Mexico Heart Institute 1,200 units are expected to be completed with- • Presbyterian Hospital, with 453 beds in the next 5 years. In 2012, the median home • Hearing Health Center value was $147,400 and is expected to increase • New Mexico Orthopaedic Surgery to nearly $175,000 by 2017. The median age of • New Mexico Clinical Research & Osteoporosis Downtown dwellers is 37, and our high diversi- Center • Concentra Urgent Care ty index (74.7) means that your neighbors are • The University of New Mexico Medical Center, a broad and eclectic mix of ethnicities and rac- The Downtown Growers’ the only Level 1 Trauma Center in the state with Market at Robinson Park es. Typical residential housing goes for between 618 beds $70-$100 per square foot. attracts nearly half a million visitors each year in its 25 Within 2 miles.... week season, and also fea- A large Sports & Wellness Learning & Fitness • BioPark & Zoo tures live music, prepared gym facility includes an indoor pool, yoga and • River, Bosque, and adjoining bike trails foods, and arts & crafts. cardio classes, a dry cleaning facility and vali- • Explora! Children’s Museum; The Museum dated parking. There is also a YMCA with child of Art & History; National Hispanic Cultural care facilities. A mixed-use facility featuring a Center; Telephone Museum; The Holocaust & yummy new grocery store is slated to be built within Intolerance Musem; New Mexico Museum of two years and will add additional residential and Natural History and Science. “One of the Top 10 Best shopping options. The Albuquerque Public Li- • Eight public schools, including acclaimed Amy U.S. Cities for Local brary’s main branch is headquartered on Copper Biehl High School; various private schools; Food” -Huffington Post and has meeting and study rooms that can acco- several day care centers, including Christina modate over 200 people, and a sandwich shop! Kent Early Childhood Center, established in 1919.

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Major Employers The City of Albuquerque, County of Bernalillo, and other state and federal gov- ernment offices employ nearly 14% of the Downtown core workforce. In addition, the following em- ployers and industries are located Downtown: • CityLink Fiber • Gap • PNM, headquartered in Downtown, has 2,100 employed in New Mexico • Over 100 law offices within a 1/2 mile of the Downtown core • Headquarters of the McCune Foundation, The Kellog Foundation, the Albuquerque Community Foundation, and Albuquerque Business First • Technology sector, including data storage facilities • Services industry, including legal, hospitality, & health sectors, that account for over 45% of labor

Film Industry The Film Industry network ranked Albuquerque one of the “10 Best Cities for Aspring Filmmakers.” New Mexico offers outstanding incentives to production companies, which has helped generate broad interest in the state for movie and television filming. Albuquerque Studios, located 10 minutes south of Downtown, is a 28-acre, $74 million state-of-the-art motion picture and tele- vision production facility with eight sound stages and 168,000 sq. ft. of space. I-25 Studios has six sound stages, 20,000 square feet of newly renovated production, office, and executive office space, and additional amenities. s h Banking Downtown is the financial center of the State, with the o w following branch locations and headquarters located in the core: m • Bank of Albuquerque e

• Wells Fargo t

h

• Compass BBVA e

• Bank of America m

o

• New Mexico Bank & Trust n

e • Bank of the West y • Sunrise Bank • US Bank • U.S. New Mexico Federal Credit Union Bank locations within a 1/2 mile Our international airport is called a “Sunport”. Enough said. getaround

Air Our Sunport is served by seven major commercial airlines: American Airlines, Continental Air- lines, Delta Air Lines, Frontier Airlines, United, Southwest Airlines, US Airways, and other charter lines. JetBlue now features non-stop service to . The airport is just about 10 minutes from the Downtown core. Ground Transportation Downtown Albuquerque is home to the Alvarado Transportation Center (ATC), the central transit and rail hub for New Mexico. The ATC serves ABQRide, Amtrak, the New Mexico Rail Runner Express line, as well as Rio Metro Bus Service, Greyhound Lines, and Autobuses Americanos. Downtown is just over a half mile from Interstate 25 and 1.25 miles to Interstate 40.

• ABQRide serves 23 Downtown area bus routes and 38 Downtown area bus stops. Additionally, ABQ Ride has taken the guesswork out of catching your bus with the formulation of multiple smartphone apps. Every 10 minutes, the D-ride, or Downtown Ride, provides free bus service to the Downtown area with stops every 7 minutes from 6:30 a.m. to 5:30 p.m. Monday through Friday. Every bus also comes with a bike storage rack on front for biking commuters. by the numbers Home of the longest tram in • Amtrak service Albuquerque is a stop on Amtrak’s daily Southwest Chief line. Two Amtrak Thru- the world * 340 days of way Motor Coach routes connect the station to El Paso, Texas Amtrak Station and Denver, Colo- sunshine annually * 2,000 rado Union Station. foot elevation change in the City * 5 dormant volcanoes • New Mexico Rail Runner train provides 13 station stops from Downtown Santa Fe to Belen and * Only state with an official features free wi-fi and ADA access at all stations. Santa Fe question * 400+ miles of +7,620 feet biking trails * 900,000 happy • Rio Metro connects adjacent ABQ New Mexicans communities with more than 60 +5,355 feet bus connections at Rail Runner Stations along the corridor. Belen Ranked #1 in “Top 10 +4,810 feet Places to Ride a Bike” Rail Runner stops + elevation gain -Livability visit&play 09

Arts & Culture Downtown has a multitude of Cuisine New Mexican cuisine is the regional cultural and arts activities to enjoy: cuisine of New Mexico: a food-culture fusion of • There are 12 art galleries and design studios Spanish and Mediterranean, Mexican, Pueblo/ within a half mile of the Downtown core; in Native American, and Cowboy Chuckwagon in- the greater Downtown region there are over fluences. New Mexicans pride themselves on 30, with a majority located around Central the chile that infuses the cuisine; we are, after Avenue all, the only state with an official question - ‘red • The Albuquerque Museum of Art & History is or green?’ - that refers to your chile of choice. just outside the downtown core and, and is Within a half mile of the Downtown core you’ll across the street from the Explora Children’s find over 35 restaurants, bars, and lounges to Museum, and the New Mexico Museum of taste our signature flavor- nearly all of them in- Natural History and Science. The downtown dependent and locally owned. core features the Holocaust Museum and the Telephone Museum • 516Arts, an independent non-profit art space, is located right on the original Route 66, & has hosted over 100,000 visitors since opening in 2006 • The KiMo Theatre, home to live performanc- es, movie screenings, and speaker series, is a beautiful Pueblo-Deco palace built in 1927 • Flamenco Institute is a world class dance, teaching, and performance center in the Gold Street Art District • The Downtown core is home to over 8 inde- pendently-owned playhouses and a 14-screen, auditorium style movie theater • Albuquerque Trolley Company has various neighborhood, downtown, and Breaking Bad #1 in “Top 10 Places to Travel with a Pet” tours -Priceline

Only 5 miles from the airport, the Convention Center boasts 167,000 square feet of meeting space. meetup

Albuquerque Convention Center albuquerquecc.com Located in the heart of Downtown, the Convention Center is undergoing a $20 million facelift that will include a new facade and improved ballroom and meeting facilitites, and is slated for completion by 2014. The 167,000 total square feet can accomodate groups as small as 10 or as large as 2,300.

Albuquerque Convention & Visitors Bureau (ACVB) itsatrip.org ACVB is your resource for locating attractions, finding the perfect restaurant, or securing accommodations. The Sales and Ser- vices staff offer professional assistance to ensure your event is succesful.

Chamber of Commerce abqchamber.com The Chamber of Commerce’s mission is to work every day to make the Downtown community a place where businesses can grow and prosper. Members benefit from small business seminars, meeting rooms, entrepreneurial training, and access to many more resources.

Hospitality With 28% of hotel inventory, Downtown captures the largest share of the hotel market: Ranked #7 out of 25 for • hotelandaluz.com - LEED-Gold * 107 rooms * “Top Big Cities for Art” -American Style Magazine rooftop bar * fine dining @ Lucia * originally built by Conrad Hilton in the 1939 * renovated in 2008 s convention center • DoubleTree by Hilton Hotel doubletree3.hilton.com - 295 rooms l e 900 hotel rooms nearby * adjacent to Convention Center * free wi-fi* flexible meeting e p * 15,000 parking spaces space that accomodates up to 300 people t within walking distance * • Hyatt Regency Albuquerque albuquerque.hyatt.com - steps i

g 27 flexible meeting rooms

from the Convention Center* featuring Forque restaurant * h

rooftop pool * nearly 400 rooms t * Accomodates groups • Hotel Blue thehotelblue.com - Renovated in 2008 * 140 guest from 10 to 1,100 * 31,000 rooms * gated parking * free shuttle service to the Convention square foot ballroom * Center, airport, train station, & Old Town 2,300 seat auditorium * • Hotel Parq Central hotelpaqcentral.com - 74-bed boutiqe hotel Undergoing a $20 million renovation scheduled for in the EDo district just east of Downtown * 5,300 square feet Hotel locations within 1 mile of flexible meeting space * Apothecary Rooftop Lounge * pets completion in 2014 welcome * renovated in 2010 greateralbuquerque 11

Local Attractions & Events Downtown is just 1/2 mile away from the founding area of Old Town, filled with boutiques, restaurants, and the oldest building in the City, San Felipe de Neri Church, built in 1793. Fourteen miles to the North is the world’s longest double reversible tram; built in 1966, it has taken more than 9 million passengers up to the top of Sandia Peak, the city’s highest point at 10,678 feet. The International Balloon Fiesta attracts more than 600 balloonists from around the globe to the largest balloooning event

on the planet. It is the largest annual internation-

al event held in the entire United States. b

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Outdoor Space Albuquerque has nearly 29,000 i

t

acres of open space. Nearly 1/4 of total City land

u is dedicated open space, and is easily accessible p to residents. Petroglyph National Monument fea- tures stone drawings on volcanic rock of ancient peoples. The 10,678 foot-high Sandia Mountains that buffer the City from the East are a haven for hiking, mountain biking, running, and rock climb- ing. National Geographic Adventure Magazine re- Dedicated bike lanes within the greater Downtown cently highlighted the Paseo del Bosque trail, a 16-mile trail running along the Rio Grande and through the North-South axis of the City. Within the Downtown region there are 12 public parks in- cluding 2 dog parks, Rio Grande Valley State Park, Wells Park Community Center, 2 public pools, and National Geographic Magazine named Albuquerque a bike boulevard connecting them all. “One of the Best Cities for Outdoor Adventure.” Reach out and connect to our greater community. newfriends your.

Chamber of Commerce City of Albuquerque 115 gold avenue sw, suite 201, albuquerque, nm 87102 1 civic plaza nw, albuquerque, nm 87102 p. 505.764.3700 p 505.768.2000 abqchamber.com cabq.gov

Small Business Development Center County of Bernalillo 2501 yale blvd. se, suite 302, albuquerque, nm 87106 1 civic plaza nw, albuquerque, nm 87102 p 505.224.5250 p 505.468.7000 nmsbdc.org/albuquerque bernco.gov Put a New Mexico festival in your future! newmexicoartsandculture.org Las Vegas Albuqueruqe Convention and Visitors Bureau State of New Mexico Los Alamos 20 first plaza ctr nw #601, albuquerque, nm 87102 po box 8485, albuquerque, NM 87198 Raton Silver City p 505.842.9918 p 505.842.9918 Taos itsatrip.org newmexico.gov

Creative Albuquerque 115 4th street nw, albuquerque, nm 87102 p 505.268.1920 creativeabq.org New Mexico’s Arts & Cultural Districts are

Sources & Credits ESRI (esri.com), US Department of Labor Bureau of Labor Statistics (bls.gov), Grubb & Ellis (grubb-ellis.com), US Census Bureau (census. gov), Cantera Consultants (canteraconsultants.com), Smart Meetings Magazine (smartmeetings.com), New Mexico Economic Develop- ment Department (gonm.biz), Albuquerque Film Office (cabq.gov/economicdevelopment/film), Foter.com: kla4067 / Foter.com / CC BY, tracktwentynine / Foter.com / CC BY-NC-SA, Bob Jagendorf / Foter.com / CC BY, Bob Jagendorf / Foter.com / CC BY joinus 13 Your membership includes: Please join us and be part of Downtown Albuquerque’s revitalization by becoming a member of • Subscription to The Weekly the Downtown Action Team. We are a private, non-profit membership organization committed to Newsletter the management and growth of the Downtown Albuquerque Business Improvement District. As a • Monthly Updates from our member, you will belong to an organization that brings together Downtown property owners and Executive Director businesses and enhances the quality of the Downtown core. • In-Depth Results of our Annual Survey *BASICS • Notification of public safety *Name______meetings Home Address______City/State/Zip______• Priority Notification of special Business Name (if applicable)______events Business Address______• Updates via the International City/State/Zip______Downtown Association *Email______Phone______• Discount Card for participating businesses (full list available at *PAYMENT (circle one) downtownabq.com) Credit/Debit Check Enclosed Bill Me I’ll Call It In If credit/debit: Number______Expiration______CVV:______Zip______

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