2012 Nashville Downtown Partnership Annual Report NASHVILLE DOWNTOWN PARTNERSHIP 2012 BOARD of DIRECTORS

2012 nashville downtown partnership annual report NASHVILLE DOWNTOWN PARTNERSHIP 2012 BOARD OF DIRECTORS

OFFICERS GEORGE V. CRAWFORD, JR. THE HONORABLE THELMA HARPER STEPHEN H. PRICE CARRIE BANKS TEAFORD Gullett, Sanford, Robinson Ex Officio Stites & Harbison PLLC Baptist Hospital & Martin, PLLC State Senator DONALD W. ABEL, JR. THE HONORABLE MARY PRUITT TONY K. THOMPSON Chairman KIRBY DAVIS AUBREY B. HARWELL, III Ex Officio First Tennessee Bank Fifth Third Bank Chair, Retail Development Neal & Harwell, PLC State Representative First Management Services, Inc. JAMES S. TURNER, JR. JIM SCHMITZ WILLIAM HASTINGS HUGH M. QUEENER MarketStreet Enterprises Vice Chairman SHEILA DIAL-BARTON, AIA Hastings Architecture Associates, LLC Pinnacle Financial Partners Regions Bank Ex Officio THOMAS D. TURNER 2012 Chairman, The DISTRICT SEAN HENRY BRACKNEY J. REED Ex Officio RONALD V. GOBBELL, FAIA Nashville Predators Gresham, Smith and Partners Nashville Downtown Partnership Secretary JOHN FLEMING Gobbell Hays Partners, Inc. Renaissance Nashville Hotel CHRIS HOLMES CHARLES ROBIN ALAN VALENTINE FirstBank Robin Realty Co., LLC Nashville Symphony BECKY HARRELL RICHARD FLETCHER Treasurer 511 Group, Inc. JENNEEN KAUFMAN TASHA ROSS JOHN VAN MOL KraftCPAs, PLLC Tennessee Titans DVL Public Relations & Advertising BETH FORTUNE PHIL RYAN ROBERT R. CAMPBELL, JR. Vanderbilt University KRIS KEMP Metro Development & RAY WATERS Immediate Past Chairman h3gm Housing Agency Hilton Nashville Downtown Waller LIBBY FUNKE nossi college of art THE VERY REV. TIMOTHY KIMBROUGH BRENDA SANDERSON SALLY WILLIAMS DIRECTORS Christ Church Cathedral Chair, Public Space Ryman Auditorium TONY GIARRATANA Broadway Entertainment Giarratana Development, LLC DR. FRANK LEWIS MATT WILTSHIRE BILL BARKLEY First Baptist Nashville RALPH SCHULZ Ex Officio Chair, Residential Development THE HONORABLE ERICA GILMORE Ex Officio Mayor’s Office of Economic City Development Company, LLC Ex Officio ROBERT C. H. MATHEWS, III Nashville Area Chamber of Commerce & Community Development Metro Council, District 19 Chairman, CBID Board KENNETH BLACKBURN The Mathews Company J. RONALD SCOTT JACK WOOD AT&T WILLIAM GLAUS JRS Investments Incorporated Chair, Access & Transportation The Bank of Nashville ROBERT A. MCCABE, JR. Barge Waggoner Sumner & Cannon, Inc. MIKE BLOSSER Chair, Resource Development GREG SLIGH Louisiana-Pacific Corporation NATE J. GREENE Pinnacle Financial Partners Chair, Business Development SHIRLEY ZEITLIN Colliers International/Nashville The Hermitage Hotel Zeitlin & Company, Realtors JAMES H. BOND MARK MCNEELY Central Parking System, Inc. RONNY L. GREER McNeely Pigott & Fox Public Relations BUTCH SPYRIDON J. MATTHEW KROPLIN Frazier and Deeter, LLC Ex Officio 2012 Board Intern, C. ALLEN BRADLEY, SR. DEBORAH MERRELL Nashville Convention and Visitors Bureau Young Leaders Council Nashville Electric Service JOHN GUPTON SunTrust Bank Stites & Harbison PLLC Baker, Donelson, Bearman, T. STEPHEN C. TAYLOR Jennifer Cole Caldwell & Berkowitz, PC MATTHEW C. MOORE Bass, Berry & Sims PLC Metro Arts Commission American Constructors, Inc. owntown Nashville is our campus—conveniently compact and walkable for residents, employees and visitors alike. Downtown addresses get a D“walker’s paradise” rating on www.walkscore.com. It’s an easy walk to restaurants and coffee shops, business appointments, the grocery store or library, concerts and plays, sporting events, the new river park, and more.

You don’t always need to own a car downtown. Other options include car-sharing (with four WeCar locations downtown) or bike-sharing (Nashville GreenBikes cur - rently, with Nashville B-Cycle, a fee-based 3rd generation bike share program, coming soon). Also, MTA’s free circulator Music City Circuit links the central business district with the adjacent areas including the Nashville Farmers’ Market and The Gulch. Within the next three years, a proposed Bus Rapid Transit System would link more distant areas to downtown via an 8-mile east-west connector. LET’S GET TOGETHER DOWNTOWN!

Public and private investments continue to transform thriving urban neighborhoods including The Gulch, SoBro and Rolling Mill Hill—each with its own unique character. Retail is ﬂourishing in The Gulch, with new shopping, dining and entertainment ven - ues and the residential inventory is also expanding. Rolling Mill Hill is now home to four rental developments, with others coming soon. Its renovated Trolley Barns are already a vibrant center for entrepreneurial businesses and nonproﬁts.

With the completion of Music City Center in early 2013, development south of Broad - way will accelerate. The SoBro Strategic Master Plan currently being developed will provide context for this area’s future growth. The downtown core is also beginning to re-deﬁne itself—with highly visible streetscape improvements underway on the Avenue of the Arts—5th Avenue North from Church to Union Street. This dynamic arts district will then be easily seen from SoBro—and just a short walk away.

With increased development and density of populations (both residential and busi - ness) in these downtown neighborhoods, connectivity will be even more desirable. Navigating downtown is easier than ever with smart phones and apps. Let’s keep connecting the dots!

Thomas D. Turner PRESIDENT AND CEO

introduction Nashville Downtown Partnership 2012 Annual Report 3 THE DOWNTOWN RENTAL MARKET TAKES OFF! BILL BARKLEY, CHAIR, RESIDENTIAL DEVELOPMENT

• The top residential story for 2012 is the record-breaking downtown rental market. Occupancy of rental units is at an all-time high of 98%, after consistently being over 92% for the past 5 years. ______

• The current downtown housing mix is 60% purchase (2,302 condos and 208 single family homes) and 40% rental (1,534 apartment units). Three developments now under construction will add 658 rental units by early 2013, and another three planned projects would add 754 more apartments by 2014. The new downtown housing mix would then shift to 56% rental, 40% condo and 4% single family homes. ______

• Research shows that 75% of Generation Y (age 29 and under) prefer an active urban lifestyle, with its walkability and convenience, and the majority of them are single and renters. The 2012 downtown Nashville residential survey showed that 60% are ages 45 and under. The current economy also favors high-end renter households for Baby Boomers as they become empty nesters and/or retire. ______

• Downtown residential sales averaged 190 per year for 2009, 2010 and 2011. During the first two quarters of 2012, 114 downtown closings were finalized. Only two developer-owned condos were still on the market as of September 1, and 53 re-sale units. With a 36-month minimum required to plan and complete a project, the downtown for-sale inventory will not expand any sooner than late 2015. ______

• The 2012 Downtown Residential Survey reported 55% of current residents have a college degree and another 31% have postgraduate degrees—more than double the percentage for Nashville residents as a whole. ______

• Over 10, 000 people have attended the annual downtown home tours since 2004, with an impact of over $50 million in sales and leases.

4 Nashville Downtown Partnership 2012 Annual Report live KEY DOWNTOWN RETAIL AREAS SHOW GROWTH KIRBY DAVIS, CHAIR, RETAIL DEVELOPMENT

• The Partnership’s Retail Recruiter has made over 800 local and regional retailer visits since January, 2008. During the ﬁrst eight months of 2012, speciﬁc downtown site options were presented to 20 prospective retailers. ______

• A total of 33 new retail businesses opened or announced between January 1 and September 15, 2012. Of these, 16 are food establishments, 12 are shopping options and 5 are music and nightlife venues. The total number of downtown retail open - ings in 2011 was 36. ______

• The downtown retail strategy developed by Downtown Works identiﬁed three key areas for retail: The Gulch, SoBro and a downtown focus area along 4th and 5th Avenues North. Retail density in The Gulch is increasing rapidly, with 22,000 SF of new retail opening YTD—including Bar Louie, King Baby and Lucchese Boot Co. Two new locally owned restaurants (The Southern Steak & Oyster and Etch) recently opened in SoBro, and further SoBro retail development is expected during the next two years with the completion of Music City Center and several new hotels. ______

• The growing arts community on 5th Avenue is favorable to distinctive and comple - mentary retail. A major renovation project underway on 5th Avenue between Church and Union streets will bring new sidewalks and streetlights, public art, and sidewalk dining areas. These enhancements will advance retail recruitment to this major arts corridor. ______

• Downtown Nashville now has 182 dining options, 114 shopping options, 79 nightlife venues and 20 galleries—with more to come!

retail Nashville Downtown Partnership 2012 Annual Report 5 DOWNTOWN CELEBRATES NEW AND EXPANDING COMPANIES GREG SLIGH, CHAIR, BUSINESS DEVELOPMENT

• Downtown business recruitment and expansions have been a big story this year. Since relocating to 4th and Church in late 2009, ServiceSource is continuing its exponential growth, with more than 600 employees now and plans to add hundreds more. With their skyline sign now on the ServiceSource oﬃce tower, this company has a dynamic downtown presence, creating new jobs with their energetic young corporate culture. In SoBro, Asurion is adding 500 jobs downtown later this year when they occupy the LEED Gold certiﬁed Ragland Building. Asurion’s building signage at this key SoBro inter - section (2nd Avenue South and Korean Veterans Boulevard) is also highly visible. ______

• Other company relocations and expansions added to the synergy of the central business district. Creative Artists Agency moved their Nashville office downtown to SunTrust Plaza. This spring, down - town law firm h3gm moved into their offices at 333 Commerce, the iconic building’s first long-term tenant other than AT&T. Later this year, international law firm Pillsbury Winthrop Shaw Pittman will move its global operations center and about 150 employees into 44,000 SF at 333 Commerce Street. ______

• At Rolling Mill Hill, the renovated Trolley Barns now house a variety of tenants including several entrepreneurial and nonprofit groups, such as the e-mail marketing firm EMMA, the Nashville Entrepreneur Center, Hands on Nashville and the Center for Nonprofit Management. ______

• Many downtown businesses are participating in Mayor Karl Dean’s Workplace Challenge, which en - courages a citywide focus on environmental practices, healthy lifestyles and community volunteerism. Downtown oﬃce buildings recently participated in free electronics recycling days oﬀered by Sims Recycling Solutions and the Partnership. ______

• The Partnership’s annual Downtown Employee Appreciation Week in early October generates en - thusiastic participation in popular events including a Walk with the Mayor, Downtown’s Next Super - star and the highly competitive Corporate Tug of War. ______

• During the fourth quarter, the Partnership will update its downtown employee count (expected to be about 50,000) with a comprehensive Business Census and repeat its annual online Employee Survey.

6 Nashville Downtown Partnership 2012 Annual Report work DOWNTOWN TRANSIT OPTIONS ARE EXPANDING JACK WOOD, CHAIR, ACCESS AND TRANSPORTATION COMMITTEE

• The LP Field park and ride program managed by the Nashville Downtown Partner - ship marked its tenth anniversary on May 1, 2012. Free weekday parking is offered in designated LP Field lots for registered downtown employees. The Partnership provides optional cost-effective shuttle service to downtown office buildings. ______

• Almost 15,000 monthly shuttle passes were sold in 2011, with over 1,200 monthly riders on three downtown routes. During the ﬁrst eight months of 2012, 9,584 monthly passes were sold. With monthly shuttle passes still only $25, employees save $100 per month on parking expenses—over $1,200 annually. ______

• Showing steady growth since beginning on March 15, 2010, BEEP (Best Ever Event Parking) is a park and ride option for Bridgestone Arena events. BEEP provides free parking at LP Field Lot R with optional round trip shuttle service for only $3 per per - son. Over 37,000 vehicles have used this free parking for 255 events, with 66% of the 68,409 passengers choosing the shuttle option. This September, BEEP added a route for Nashville Symphony patrons, making the Lot R park and ride option avail - able for some 96 events of their 2012-2013 season. ______

• Car sharing is available, with four WeCars at strategic downtown locations for short- term use. After two years, over 100 members (including businesses, employees and residents) participate in this cost-eﬀective program. ______

• Oﬀering both free recreational rides and a healthy exercise option, Nashville Green - Bikes has over 100 bikes at 9 city parks. Over the past 12 months, Nashville Green - Bikes were checked out 5,000 times; the bikes at the Riverfront Train Station downtown were ridden for 3,577 hours. ______

• Nashville B-cycle, a new fee-based bike-share system, will include 200 7-speed bikes for short-term use at 20 automated B-cycle kiosks. Working with the Metro Public Health Department, the Nashville Downtown Partnership will implement and man - age this program funded by a Communities Putting Prevention To Work federal grant. Nashville B-cycle will be operational late this fall. getting around Nashville Downtown Partnership 2012 Annual Report 7 REACHING OUT WITH DOWNTOWN CLEAN AND SAFE SERVICES BRENDA SANDERSON, CHAIR, PUBLIC SPACE COMMITTEE

• The downtown clean and safe teams provide a wide range of services to two Business Improvement Districts—one in the central urban area (CBID) and one in The Gulch (GBID). This combined service area covers approximately 111 blocks. ______

• During the first eight months of 2012, the cleaning staff removed over 60,000 pounds of trash, 4,791 square feet of graffiti and power washed 560 block faces and 827 alleys in the urban core district. The incidence of graffiti has increased since last year, and the cleaning team responds quickly to assist property owners affected. This prompt removal of graffiti helps prevent recurrences. ______

• The cleaning team works throughout the CBID and GBID from 7 a.m. to 3:30 p.m. seven days a week. Safety Ambassadors patrol the CBID from 7 a.m. to 8 p.m. seven days a week and are in the GBID four nights weekly from 5 p.m. to 11 p.m. ______

• Safety Ambassadors also rotate through assignments as Hospitality Ambassadors. Wearing shirts marked with the universal symbol for information, they are especially busy during major downtown events and conventions. As they interact with visitors, the Hospitality Ambassadors distribute guide - books and maps and print out requested directions and coupons to enhance their downtown expe - rience. Their hand-held Eponics devices include a searchable database of downtown businesses and printable walking directions. Already this year, they have distributed almost 10,000 visitor information printouts, more than 2,500 of which were discount coupons from downtown restaurants and shops. ______

• An ongoing special project for the clean teams involves litter and weed removal along major down - town access points at highway interchanges. They also enhance downtown’s overall appearance with their periodic cleaning and repainting of junction boxes, light poles, trash receptacles and tree grates.

8 Nashville Downtown Partnership 2012 Annual Report clean & safe • Safety Ambassadors (including those assigned as Hospitality Ambassadors) monitor downtown streets and sidewalks. From January through August, they logged 2,284 miles on Segways. ______

• A successful program initiated in June, 2008, Homeward Bound offers one-way, non-refundable bus tickets to eligible individuals without other resources. Eligibility is based on confirmation of favorable job prospects, benefits or proximity to family. As of September 1, 2012, a total of 430 individuals (with a past history of 3,385 arrests) have received this relocation assistance. The average cost of a bus ticket is about $145, with travel destinations to 46 different states. ______

• Since July, 2011, a fulltime Social Services Outreach Coordinator has focused on connecting individuals with high numbers of downtown arrests to needed services (e.g., drug and alcohol treatment programs, mental health services). The “housing ﬁrst” model used has proved very successful, with 3 individuals already transitioned into permanent housing with wraparound services and outside sources of support and 7 others currently in transitional housing with services. Several others are preparing to move into temporary housing and begin working toward more per - manent solutions. ______

• These 10 clients had an average of 145 arrests each over the past three years. The estimated 3-year cost to taxpayers for their arrests $1.45 million for all 10. Arrests drop almost to zero once housing is obtained. The annual cost of arrests for each of these clients was ten times more than the estimated $5,000 per year for housing. ______

• The current budget for this program supports transitional housing for an average of three clients per month while the Outreach Coordinator assists them in ﬁnding permanent housing and an income source (e.g., SSI/SSDI or employment). A typical client requires transitional housing for an average of 6 to 8 months.

clean & safe Nashville Downtown Partnership 2012 Annual Report 9 FLOWERS AND ART ADD BEAUTY TO DOWNTOWN BRENDA SANDERSON, CHAIR, PUBLIC SPACE COMMITTEE

• For the ﬁfth year, ornamental ﬂower baskets on street lights throughout the high pedestrian areas downtown create a positive visual impact from May to October. ______

• The initial pilot program in 2008 featured 64 baskets on Commerce and Church Streets. This year, 447 colorful hanging baskets were in place on eight downtown streets. This current density through - out downtown adds to the perception of an attractive, well-maintained urban center. ______

• The Partnership also provides landscaping in the medians on Union Street facing the Metro Court - house. Features include ground cover, self-watering planters with seasonal color plants and Yoshino cherry trees. The planters are changed out each season for year round color. ______

• Art continues to be an eﬀective catalyst for revitalization along Fifth Avenue. Two residential devel - opments (Kress Lofts and Art Avenue Lofts) have successful art galleries in their street level retail spaces, and there are 15 galleries on Fifth Avenue North and in The Arcade. The First Saturday Art Crawls attract over 1,000 people downtown to visit the galleries, and provide an economic boost to restaurants and other businesses. ______

• Major streetscape improvements are underway along Fifth Avenue North from Church to Union Street. Design features include improved sidewalks, with space for outdoor dining, new streetlight poles that can accommodate banners, seasonal ﬂower baskets and holiday lights. LED light canopies stretching across the street will result in a cohesive arts district easily visible from the new convention center. Public art commemorating the civil rights activities that took place on Fifth Avenue North will also be added.

10 Nashville Downtown Partnership 2012 Annual Report attractive DOWNTOWN VENUES, PARKS AND EVENTS DRAW CROWDS

• With an average daily attendance of 71,000, the 41st annual CMA Music Festival in June, 2012, broke all previous attendance records and generated about $35 million in direct visitor spending for the city. The 2012 two-day ﬁreworks and musical spec - tacular on July 3 and 4, staged at The Lawn at Riverfront for the ﬁrst time, drew a record 150,000 people downtown. ______• Live on the Green, a free Thursday evening 6-week concert series at Public Square, had a great lineup of local and national musicians for its 4th season this fall. Crowds enjoyed live music as well as features including a mobile food court, a craft beer garden, and family-friendly activities. With recent jazz concerts at the Cumberland Park amphitheater, and several events at The Lawn at Riverfront, Music City has a variety of new public venues for live music. ______• The historic Ryman Auditorium was named Theatre of the Year for the second con - secutive year in 2012 by Pollstar. Also for the second consecutive year, Bridgestone Arena ranked in Pollstar’s Top 10 for U.S. Concert Attendance. ______• Since 2010, Bridgestone Arena has hosted 15 of the 25 highest grossing North American tours. In 2011, both the CMT Music Awards and CMA Awards were at this venue and in December, 2012, The GRAMMY Nominations Concert Live! on its stage will put Music City in the national spotlight again. ______• Coming up in 2013, 2015, 2016 and 2018, Bridgestone Arena will host SEC Men’s Basketball Tournament and in 2014, the NCAA Women’s Final Four. ______• The Hermitage Hotel was named one of the Top 100 hotels in the world by Travel + Leisure magazine in 2012, and was 4th on their list of Best Large City Hotels. ______• The popular First Saturday Art Crawl attracts over 1,000 people each month to stroll through downtown galleries. The Nashville Downtown Partnership contributes free shuttle service for the art enthusiasts, and sponsors two performance platforms along 5th Avenue North during the monthly event. Major street renovations (block of 5th Avenue North between Church and Union Streets), to be completed in early 2013, will add visual appeal to this vibrant arts district. play Nashville Downtown Partnership 2012 Annual Report 11 COMMUNICATION STRATEGIES TO REACH PEOPLE ON THE GO

• Social media options reach an immediate audience with interesting and timely downtown news. The Nashville Downtown Partnership currently has over 20,000 fans on Facebook, a 67% increase since August, 2011. The Partnership’s multiple Twitter accounts reach more than 16,000 followers, a 60% increase since August, 2011.

______

• In August, 2010, the Partnership upgraded its interactive website with Geocentric software systems. Designed with many features customized for downtowns, this system has dramatically increased website visits. Since August, 2011, visits to www.nashvilledowntown.com increased by 52% and www.parkitdowntown.com by 13%.

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• A mobile version available at m.nashvilledowntown.com is speciﬁcally formatted for on-the-go viewing and searching both web - sites. Mobile traﬃc currently accounts for 18% of our web visits.

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• A successful first-time ad campaign with Graffiti Indoor Advertising ran from April through September. QR codes posted on these ads resulted in over 2,550 click-throughs to the mobile website (7% of the mobile traffic for these months).

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• An online events calendar features over 700 downtown events each month. The website’s point-location Google mapping feature provides users with detailed information about downtown destinations, including 182 dining options and 114 places to shop.

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• A primary resource for downtown parking information, www.parkitdowntown.com includes interactive maps, photos of garage entrances, current rates, LP Field park and ride options and special discount oﬀers.

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• The Spring/Summer 2012 edition of The Guidebook broke several records—with more content pages, more than 40,000 copies printed and over $15,000 in ad sales. Published twice each year, copies are distributed to hotels, restaurants, business and residential locations. This comprehensive listing of downtown options in 39 categories is also kept current online at www.nashvilledowntown.com.

12 Nashville Downtown Partnership 2012 Annual Report communications INVESTMENTS ADD UP TO $1,000,000 FOR DOWNTOWN INITIATIVES ROBERT A. MCCABE, JR., CHAIR, RESOURCE DEVELOPMENT COMMITTEE

• Each year, Board members and the broader business omy is important to the entire region and they Center, the enhancement of user-friendly interac - community partner with us in downtown economic value the Partnership’s advocacy for downtown tive websites and the expansion of a successful development. Since 2006, 74 corporate investors have businesses and residents. Also, 47% of these in - street outreach initiative. committed over $1,000,000 to implement a variety of vestors are represented on the Partnership’s Board key initiatives of the Nashville Downtown Partnership. of Directors, investing their time and talents for the • Other Partnership investment opportunities include good of downtown Nashville. annual membership dues, downtown home tour • This number of investors grows each year, with four sponsorships, annual meeting sponsorships and new groups added in 2012. • Annual corporate investments have supported a guidebook advertising. From this menu of options, comprehensive downtown retail strategy, down - investors choose one or more categories that best • Most investors continue participating annually be - town street beautification and landscaping proj - complement their business goals. cause they believe having a strong downtown econ - ects, upgrades to the Downtown Development

CORPORATE INVESTORS 2007 – SEPTEMBER, 2012

Ajax Turner Co., Inc. Core Development Services, LLC The Hermitage Hotel SMS Holdings American Constructors, Inc. Corner Partnership, LLC KPMG LLP SSC Service Corporation Amstar Group Crosland, LLC KraftCPAs, PLLC St. Thomas Health AT&T CVS Caremark Corporation Lewis, King, Krieg & Waldrop, P.C. The Stage on Broadway, Inc. Avenue Bank DZL Management Co., LLC MarketStreet Enterprises and Legends Corner, Inc. Baker, Donelson, Bearman, Caldwell Eakin Partners Martha and Bronson Ingram Foundation Stites & Harbison, PLLC & Berkowitz, PC Earl Swensson Associates The Memorial Foundation Strategic Hospitality, LLC The Bank of Nashville Fifth Third Bank Metro Development & Housing Agency SunTrust Bank Bass, Berry & Sims PLC First Tennessee Foundation Music City Suites, LLC Tennessee Titans BDO USA, LLP FirstBank Nashville Electric Service Tower Investments, LLC Beaman Automotive Group Frazier & Deeter, P.C. Nashville Pinnacle, LLC Tuck-Hinton Architects Boyle Investments & Northwestern Genesco Nashville Predators Vanderbilt University Life Insurance Company Giarratana Nashville, LLC Neal & Harwell, PLC Vanderbilt University Medical Center Bridgestone Americas Holding, Inc. Gobbell Hays Partners Nissan North America Village Real Estate Services Brasﬁeld & Gorrie Gresham, Smith and Partners O’Charley’s Inc. Walker Tipps & Malone Bristol Development Gullett, Sanford, Robinson Piedmont Natural Gas Waller CapStar Bank & Martin, PLLC Pinnacle Financial Partners Wildhorse Saloon Caterpillar Financial Products Division Harwell Howard Hyne Gabbert Premier Parking XMi Commercial Real Estate Central Parking System & Manner, PC Regions Bank Zeitlin and Company, Realtors Colliers International/Nashville HCA/TriStar Health Sherrard & Roe, PLC *Bold type indicates 2012 YTD investors invest Nashville Downtown Partnership 2012 Annual Report 13 RETURN ON DOWNTOWN INVESTMENTS REMAINS STRONG

• Major public investments in the SoBro (south of Broadway) area include Music sive plan will include guidelines for compatible, synergistic development in the City Center and the extension of Korean Veterans Boulevard from 4th to 8th Av - ﬂood prone areas, as well as for potential future expansion of Music City Center. enue South. On a 19-acre site, the new convention center is the largest capital ______construction project in the city’s history. ______• Residential developers continue to add new downtown rental inventory in response to the strong rental market. Additional hotel development in the • Additional nearby development includes the 800-room, 21-story Omni Nashville SoBro area is also expected. In the central business district, building renovations Hotel, which will connect to an expansion of the Country Music Hall of Fame and and infrastructure improvements are underway, and sales of residential and Museum on three levels. The hotel is scheduled to open in November, 2013. commercial properties are indicative of a healthy market. The Country Music Hall of Fame and Museum will more than double in size, and ______its six-ﬂoor addition will open in early 2014. ______• From 1999 through 2012, property owners in the downtown Central Business Improvement District (CBID) have invested over $11 million to supplement city • The Metro Convention Center Authority and the Nashville Downtown Partner - services with clean and safe initiatives and to support downtown economic de - ship received a $320,000 grant this year from the Economic Development Ad - velopment. The Nashville Downtown Partnership implements these programs in ministration (U.S. Department of Commerce) to develop a Strategic Master Plan the 90-block district. for the burgeoning SoBro area. To be completed in early 2013, this comprehen -

NASHVILLE DOWNTOWN PARTNERSHIP 2012 RESOURCE ALLOCATION

14 % 8% REVENUES 12 % EXPENDITURES ______33 % ______52 % 34 % • PROPERTY ASSESSMENTS 12 % • ACCESS & TRANSPORTATION • EARNED • PUBLIC SPACE MANAGEMENT • CONTRIBUTIONS, 34 % • ECONOMIC DEVELOPMENT SPONSORSHIPS, & MEMBERSHIPS • ADVOCACY/ADMINISTRATION • IMAGE & COMMUNICATIONS

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100 years at the corner of Broadway and 7th Avenue North 1,000 students and faculty downtown every day

Ranked 36th on Newsweek’s list of America’s Best High Schools 2012 Gold National Ranking 49th, 1st in Tennessee on U.S. News & World Report‘s list of Best High Schools 2012

2011 National Blue Ribbon School

700 Broadway Kellie M. Hargis, Ed. D. Nashville, TN 37203 Executive Principal [email protected]

Join the Nashville Downtown Partnership in supporting this outstanding downtown school in continuing its tradition of excellence. 2012 NASHVILLE DOWNTOWN PARTNERSHIP MEMBERS

With their annual membership investments, these groups support a strong downtown and participate in the Partnership’s initiatives to advance downtown economic development

ARCHITECTURAL, ENGINEERING KPMG Renaissance Nashville Hotel State Senator Douglas Henry MarketStreet Enterprises LLC AND DESIGN SERVICES KraftCPAs, PLLC Sheraton Nashville Downtown Nashville Convention and Visitors MJM Real Estate Investments, LLC Barge Waggoner Sumner & Cannon, Inc. Mastrapasqua Asset Management Union Station Hotel Bureau One Nashville Place EDGE Planning, Landscape Architecture New Business Development National Association of State Boards Parkway Properties, Inc. & Graphic Design Pinnacle Financial Partners LEGAL SERVICES of Accountancy The Pinnacle at Symphony Place EOA Architects PLLC Regions Bank Baker Donelson Bearman Caldwell Tennessee Road Builders Association Robin Realty Company LLC Gobbell Hays Partners, Inc. SunTrust Bank & Berkowitz, PC Tower Investments, LLC Gresham, Smith & Partners Ted Welch Investments Bass Berry & Sims PLC PUBLIC RELATIONS Village Real Estate Services Hastings Architecture Associates, LLC Dickinson Wright PLLC AND MARKETING Vista Germantown Hawkins Partners, Inc. CHURCHES Frost Brown Todd LLC Destination Nashville Warner Partners, LP RPM Transportation Consultants, LLC Christ Church Cathedral Gullett, Sanford, Robinson DVL Public Relations & Advertising XMi Commercial Real Estate Sorci & Swords Design Downtown Presbyterian Church & Martin PLLC Event Logistics, Inc. Zeitlin & Co., Realtors Tuck Hinton Architects First Baptist Nashville Harwell Howard Hyne Gabbert Hall Strategies & Manner, PC Katcher Vaughn & Bailey Public RETAIL, RESTAURANTS ARTS AND ENTERTAINMENT CONSTRUCTION Manier & Herod Relations AND ENTERTAINMENT Nashville Predators American Constructors, Inc. Neal & Harwell, PLC Malham Leverage Group Dunn Bros. Coﬀee The Nashville Symphony Bell & Associates Construction, LP Sherrard & Roe McNeely Pigott & Fox Public Firestone Complete Auto Care Ryman Auditorium Skanska USA Building Inc. Stites & Harbison PLLC Relations, LLC Hard Rock Café Nashville Tennessee Performing Arts Center Turner Universal Construction Trauger & Tuke Jack’s Bar-B-Que Company Tune, Entrekin & White, PC REAL ESTATE BROKERS, Legends Corner BANKING, FINANCIAL Waller DEVELOPERS AND Pita Pit Nashville AND ACCOUNTING SERVICES CORPORATE OFFICES PROPERTY MANAGEMENT The Second Fiddle Avenue Bank AND UNIVERSITIES MEDIA Bristol Development Group The Stage on Broadway Bank of America Central Parking System The TENNESSEAN Carell Family, LLC Wildhorse Saloon The Bank of Nashville Loews Hotels Business Services Center C.B. Ragland Company BDO USA, LLP Louisiana-Paciﬁc Corporation METRO GOVERNMENT CBRE SECURITY CapStar Bank Standard Parking Metropolitan Nashville Airport Authority Colliers International/Nashville Block-by-Block DGLF CPAs & Business Advisors Vanderbilt University Nashville Convention Center Cook Properties Fifth Third Bank Core Development Services UTILITIES First Tennessee Bank HOTELS NON-PROFITS Corner Partnership, LLC AT&T FirstBank The Hermitage Hotel AND ORGANIZATIONS Eakin Partners Nashville Electric Service Frazier and Deeter, LLC Hilton Nashville Downtown Cooper for Congress First Management Services Piedmont Natural Gas JRS Investments Incorporated Loews Hotels Business Services Center The DISTRICT Board Howard & Manis Enterprises, LLC

NASHVILLE DOWNTOWN PARTNERSHIP 615.743-3090 To make downtown Nashville the compelling urban center www.nashvilledowntown.com www.parkitdowntown.com in the Southeast in which to LIVE, WORK, PLAY and INVEST 150 Fourth Avenue North, Suite G-150 Nashville, TN 37219