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2012 Progress Report TABLE of CONTENTS

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2012 Progress Report TABLE of CONTENTS State of Downtown 2012 Progress Report TABLE OF CONTENTS 02 Year in Review 03 Development 06 O!ce Market & Employment 09 Residential Market 12 Culture & Entertainment 14 Retail, Restaurants & Nightlife 16 Hotels & Conventions 17 Parking & Transportation 19 Quality of Life 20 Credits 21 Downtown Maps & Quick Facts YEAR IN REVIEW Downtown Jacksonville saw steady growth in 2012, with a strong commitment from Mayor Alvin Brown, legislation establishing the Downtown Investment Authority and renewed business interest in relocating Downtown. DEVELOPMENT Eight new projects were completed, totaling $531 million in development: the J. Wayne & Delores Weaver Tower at Baptist Medical Center, the new Duval County Courthouse, two 7-Eleven convenience stores and various infrastructure projects. Several new projects were announced or broke ground, including the new Yates YMCA facility, JAX Chamber renovation and 220 Riverside. OFFICE MARKET & EMPLOYMENT EverBank moved 1,700 employees to Downtown, seven additional leases were secured and o!ce market vacancy rates declined. RESIDENTIAL MARKET Occupancy of Downtown residential units continued to improve in 2012, with occupancy at 93%. Three new Downtown residential projects were announced totaling more than 660 units in various stages of the development process: 220 Riverside, The Brooklyn Riverside and The Ambassador Lofts. CULTURE, ENTERTAINMENT & RECREATION Although the number of visits to Downtown in 2012 remained fairly steady, several venues experienced increased attendance. Community First Saturdays, a free, monthly event, was launched in the fall and One Spark, a "ve-day crowdfunding festival was announced for April 2013. RETAIL, RESTAURANTS & NIGHTLIFE Downtown welcomed several new businesses, including nine restaurants, three nightlife venues, two convenience stores and several clothiers and gift shops. HOTELS & CONVENTIONS In 2012, Downtown’s hotel occupancy increased by 6% and convention attendance increased by 10%. PARKING & TRANSPORTATION More than 43,000 parking spaces Downtown provide ample available parking for employees and visitors, and the construction of an additional 600 parking spaces by Parador Partners is expected to commence in 2013. QUALITY OF LIFE Downtown continues to be one of the safest neighborhoods in Jacksonville, accounting for only 2.1% of reported priority criminal incidents in the City of Jacksonville. Additionally, Downtown Ambassadors provide more than 570 hours of clean and safe patrols each week. 2013 promises to be another great year for Downtown. Construction continues on 220 Riverside, while groundbreaking for The Brooklyn Riverside is imminent. Other projects on the horizon include the construction of the Parador parking garage adjacent to The Jacksonville Landing, plans to reconstruct the Southbank Riverwalk, and the purchase and redevelopment of numerous properties. One Spark generated tremendous buzz for Jacksonville and the creative community, and will be a signi"cant annual event for the Downtown core. Additionally, the City of Jacksonville and Downtown organizations and stakeholders continue to work to reduce nuisance activity in Downtown. With extensive infrastructure, historic architecture, the St. Johns River, a central location and easy access via mass transit and two major interstates, Downtown is the cornerstone of the city. We urge you to explore everything Downtown has to o#er and look forward to another great year for Downtown! Downtown is a source of community identity, culture, history and pride. A strong Downtown attracts new businesses, jobs and a diverse work force; keeps tax dollars in the community; increases property values throughout the community; and enhances the quality of life for all Jacksonville residents. 02 DEVELOPMENT Since the year 2000, 90 projects totaling more than $1.7 billion in development have been completed Downtown. During 2012, eight projects totaling $531,156,240 were completed, and another seven projects totaling $67,563,426 were under construction. Government improvements to infrastructure and public space continue to be the major source of Downtown development. Of the eight projects completed in 2012, the largest was the new Duval County Courthouse, which totaled more than $300 million. There was also one infrastructure improvement and one upgrade to a publicly owned parking facility. Two of the seven projects currently under construction are infrastructure improvements. t Eight projects totaling 2013 will be another busy year for the Downtown core. Reconstruction of the Southbank Riverwalk will provide a much needed facelift to a valuable public $531,156,240 were amenity. April’s One Spark festival drew signi"cant crowds to Downtown. completed in 2012. Conversations continue on the future use and development of the vacant former courthouse, courthouse annex and parking lot. t A signi!cant project that broke ground in 2012 In the Downtown core, six signi"cant historic buildings are under consideration for development – the Laura Street Trio, the former Barnett Bank building, the was 220 Riverside. Ambassador Hotel and the former Haydon Burns Library. The rehabilitation of these buildings, located in the heart of Downtown, is paramount to Downtown’s success. Several private property owners in Downtown are upgrading their buildings. Improvements to interior common areas and façade improvements will help attract new businesses to Downtown and improve the overall quality of the Downtown streetscape. Finally, and perhaps most signi"cantly, the new Downtown Investment Authority will hire an executive director, establish a Community Redevelopment Area plan, and continue its work to streamline Downtown development and proactively attract new developments and businesses to Downtown. This organization will engage directly in Downtown development and redevelopment and will maintain a constant focus on Downtown. 03 Downtown Development Summary, 2012 1 2 Source: Downtown Vision, Inc. & Jacksonville O!ce of Economic Development Projects Completed in 2012 Project Type Location Investment 121 Atlantic Place Façade Improvements O!ce Core Not available Duval County Courthouse Government Core $323,600,000 Farah & Farah Renovations O!ce Core $4,270,000 JEA Garage Curtain Wall Replacement Parking Core $921,240 Catherine St. Riverwalk Connection to Bay St. Infrastructure/Transportation Sports Complex $300,000 7-Eleven (Julia Street) Retail Core $165,000 7-Eleven (Union Street) Retail Periphery $1,900,000 J. Wayne & Delores Weaver Tower Hospital Southbank $200,000,000 8 Projects Completed in 2012 $531,156,240 Projects Under Construction in 2012 Project Type Location Investment 220 Riverside Residential Riverside Avenue/ $30,000,000 Brooklyn Mathews Bridge Repainting & Repair Infrastructure/Transportation Major Transportation $26,500,000 San Marco Boulevard Reconstruction Infrastructure/Transportation Southbank $4,840,000 JAX Chamber Renovations O!ce Core $2,760,000 McDonald’s Restaurant Periphery $689,426 Family Dollar Retail Periphery $364,000 Park View Inn Parking Periphery $2,500,000 7 Projects Under Construction in 2012 $67,563,426 Proposed Projects 3 Project Type Location Investment 122 Ocean – The Library Mixed Use Core $20,000,000 Bus Rapid Transit System Infrastructure/Transportation LaVilla $15,000,000 Clara White Mission Construction Maintenance O!ce Periphery $2,800,000 Building First Baptist Academy Recreation Area Park/Recreation Periphery $350,000 Former Federal Courthouse Renovations Government Core $30,800,000 Hogan’s Creek Greenway Park/Recreation Periphery $8,200,000 I-95 Overland Bridge Reconstruction Infrastructure/Transportation Major Transportation $227,000,000 *This project began January 2013 Jacksonville Transportation Center Infrastructure/Transportation LaVilla $146,000,000 Laura Street Transfer Station Business Center O!ce Periphery $2,000,000 Old St. Luke’s Hospital & Florida Casket Company O!ce Sports Complex $1,250,000 Parador Parking Garage Parking Core $8,000,000 The Brooklyn Riverside Mixed Use Riverside Avenue/ $35,500,000 Brooklyn Southbank Riverwalk Park/Recreation Southbank $15,000,000 South Shore Marina Park/Recreation Southbank $6,400,000 Sustainability Resource Center O!ce Core $650,000 The Ambassador Lofts Residential Periphery $9,900,000 Yates Family YMCA Mixed Use/Recreation Riverside Avenue/ $21,000,000 Brooklyn 18 Proposed Projects $551,050,000 33 Total Downtown Projects Completed, Under Construction or Proposed in 2012 $1,149,859,666 1 See page 21 for a map of Downtown, including boundaries for the Core, Southbank, Riverside Avenue/Brooklyn, LaVilla, Sports Complex and periphery. 2 A complete listing of Downtown development projects with project descriptions is available at downtownjacksonville.org. 3 Projects proposed as of December 31, 2012. 04 Total Downtown Investment Completed, Under Construction & Proposed, 2000-2012 Source: Downtown Vision, Inc. & Jacksonville O!ce of Economic Development $5,000,000,000 $4,500,000,000 $4,000,000,000 $3,500,000,000 $3,000,000,000 $2,500,000,000 $567M $549M $567M $2,000,000,000 $1.96B $513M $1.89B $586M $75M $3.47B $741M $1,500,000,000 $1.99B $2.30B $554M $838M $268M $405M $1,000,000,000 $478M $626M $500,000,000 $488M $716M $909M $857M $1.17B $1.19B $1.22B $1.45B $1.79B $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 Completed Since 2000 Under Construction Proposed Downtown Investment by Area, 2000-2012 4 Source: Downtown Vision, Inc. & Jacksonville O!ce of Economic Development Completed Since 2000 Under Construction Proposed Projects
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