Api overview 10 09

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This is the one to use. It's in PDF format, so it should work in either PowerPoint or Keynote. It's about three months old, and we've completed two projects in the interim, but otherwise it's good to go. Roy

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ARTSPACE PROJECTSAmerica’s leading nonprofit developer for the arts

Monday, June 7, 2010

ABOUT ARTSPACE• Established in 1979

• Recognized national leader in arts facility development

• 25 completed projects in 12 states

• 10 projects in predevelopment in 7 states

• 886 affordable live/work units serving more than 2,000 artists

• 600,000 sq. feet (55,700 sq. meters) of commercial space

• Consulting in USA, Canada, China, England, Netherlands, Serbia

Monday, June 7, 2010

OUR MISSIONis to create, foster, and preserve

affordable space for artists and arts organizations

Monday, June 7, 2010

OUR PROGRAMS

• Property development

• Asset management

• National consulting

Monday, June 7, 2010

OUR PROJECTS

• Help communities reclaim neighborhoods that face redevelopment challenges

• Are usually located in areas with vital artist communities

• Often involve buildings or land with significant historical context

• Require strong, committed community leadership

Monday, June 7, 2010

OUR PROJECTS

• Typically take 3 to 5 years to complete

• Are fully funded before construction begins

• Are financially self-sustaining

• Are owned and operated by Artspace to ensure that they remain permanently affordable

Franklin Arts CenterBrainerd, Minnesota

Monday, June 7, 2010

OUR PROJECTS• Create and preserve space

for the creative community

• Help cities retain artists and enhance their cultural vitality

• Build safer, more attractive neighborhoods

• Act as catalysts for economic development

Monday, June 7, 2010

MTBillingsWhitefish WY

CasperSDYanktonSioux Falls

NDMinot

IACouncil Bluffs____________________

Des MoinesSioux City

AZAjoTucson NM

Taos

NVReno____________________

Reno

TXGalvestonHouston____________________

AustinEl PasoGeorgetownHouston

ALMontgomery

LANew Orleans

KSSalina

OKCordell

VALeesburgMartinsville

NCCharlotte

SCGreenville

PAPittsburgh____________________

Scranton____________________

EastonPhiladelphiaWilkes-Barre

NYBuffalo____________________

New YorkPatchogue____________________

AlbanyChathamHuntingtonSyracuse

DCWashington

CTBridgeport____________________

Hartford

NJCamdenHobokenOrangeTrenton

MDMount Rainier____________________

BaltimoreColumbiaFrederick

FLFort Lauderdale (2)____________________

Tallahassee____________________

HollywoodMiamiSarasotaTampa

WASeattle (3)____________________

Everett____________________

AuburnOlympia

ORPortland____________________

Portland

CASanta Cruz____________________

MontereySanta Cruz____________________

ChicoLong BeachLos AngelesOntarioPittsburgPomonaSacramentoSan DiegoSan FranciscoSan JoseSanta AnaSanta MonicaVentura

COAuroraDenverLovelandWestminster

AKAnchorage

HIHonolulu

ILChicago____________________

ElginWaukegan___________________

BerwynGalesburgFreeportMacombPeoriaRockfordRock Island

WILa CrosseSt. Croix FallsStoughton

MIDetroitGrand RapidsJackson

INIndianapolisMichigan City

OHHamilton____________________

ClevelandColumbusMansfieldToledo

MNBrainerdDuluthFergus FallsMinneapolis (3)Saint Paul (3)____________________

Minneapolis (2)

Albert LeaLittle FallsMinneapolisNew UlmSt. Croix ValleySaint Paul

Consulting (2004-2009)

Projects in Development

Projects in Operation

Artspace at Work in the U.S.: 2009

Monday, June 7, 2010

OUR METHODS

Monday, June 7, 2010

ADAPTIVE REUSENorthern and Tilsner Warehouses / St. Paul, Minnesota

52 and 66 live/work units in two historic warehouses (opened 1990, 1993)

Monday, June 7, 2010

ADAPTIVE REUSEHennepin Center for the Arts / Minneapolis, Minnesota9 dance studios, offices of 17 arts organizations in 1888 Masonic temple (opened 1997)

Monday, June 7, 2010

ADAPTIVE REUSEElder Street Artist Lofts / Houston, Texas

34 live/work units in 1924 municipal hospital (opened 2005)

Monday, June 7, 2010

NEW CONSTRUCTIONArtspace Tannery Lofts / Santa Cruz, California

100 affordable live/work residences in two buildings (opened 2009)

Monday, June 7, 2010

NEW CONSTRUCTIONArtspace Hiawatha Lofts / Seattle, Washington61 live/work units, 5,000 square feet of commercial space (opened 2008)

Monday, June 7, 2010

OLD + NEWTashiro Kaplan Artist Lofts / Seattle, WashingtonThree new stories added to historic Pioneer Square building (opened 2004)

Monday, June 7, 2010

OLD + NEWArtspace Buffalo Lofts / Buffalo, New York

60 live/work units: 36 in historic factory, 24 new construction (opened 2007)

Monday, June 7, 2010

BIG CHALLENGESShubert Theater / Minneapolis, Minnesota

Heaviest building ever moved on rubber tires (1999)

Monday, June 7, 2010

BIG CHALLENGESMinnesota Shubert Center / Minneapolis, Minnesota

Two historic buildings (Hennepin Center for the Arts, Shubert Theater) joined by new Great Hall(construction begins 2009)

Monday, June 7, 2010

BIG CHALLENGESPS109 / East Harlem, New York

90 residential units, space for Latino cultural groups (construction begins 2010)

Monday, June 7, 2010

SMALL CHALLENGESChicago Avenue Fire Arts Center / Minneapolis, Minnesota

Adaptive reuse of former silent movie theater (construction begins 2009)

Monday, June 7, 2010

SPACE

Monday, June 7, 2010

FOR LIVINGMount Rainier Artist Lofts / Mount Rainier, Maryland

44 live/work units, 7,000 square feet of commercial space (opened 2005)

Monday, June 7, 2010

FOR LIVINGTashiro Kaplan Artist Lofts / Seattle, Washington

50 live/work units, 15 galleries, 12 studios, offices of county cultural agency (opened 2004)

Monday, June 7, 2010

FOR LIVINGSwitching Station Artist Lofts / Chicago, Illinois

24 live/work units, enclosed courtyard (opened 2003)

Monday, June 7, 2010

FOR WORKINGTraffic Zone Center for Visual Art / Minneapolis, Minnesota

24 studios for mid-career artists in historic warehouse

Monday, June 7, 2010

FOR WORKINGNorthern Warehouse / St. Paul, Minnesota52 live/work units, two floors of commercial space (opened 1990)

Monday, June 7, 2010

FOR EXHIBITINGArtspace Sailboat Bend Lofts / Fort Lauderdale, Florida

37 live/work units, three-level gallery and community room (opened 2007)

Monday, June 7, 2010

FOR EXHIBITINGWashington Studios / Duluth, Minnesota

39 live/work units, community center operated by City of Duluth (opened 1995)

Monday, June 7, 2010

FOR PERFORMINGIllusion Theater

Hennepin Center for the Arts / Minneapolis, Minnesota

Monday, June 7, 2010

FOR LEARNINGDance Institute

Hennepin Center for the Arts / Minneapolis, Minnesota

Monday, June 7, 2010

FOR FAMILIESFrogtown Family Lofts / St. Paul, Minnesota36 live/work units, all with two or three bedrooms (opened 1992)

Monday, June 7, 2010

FOR ARTS ORGANIZATIONSSierra Arts

Riverside Artist Lofts / Reno, Nevada

Monday, June 7, 2010

FOR ARTS ORGANIZATIONSJames Sewell Ballet

Hennepin Center for the Arts / Minneapolis, Minnesota

Monday, June 7, 2010

FOR ARTS-FRIENDLY BUSINESSESBev’s Wine Bar

Traffic Zone Center for Visual Art / Minneapolis, Minnesota

Monday, June 7, 2010

FOR ARTS-FRIENDLY BUSINESSESAll City Coffee

Tashiro Kaplan Artist Lofts / Seattle, Washington

Monday, June 7, 2010

FOR COMMUNITIESArtspace Hiawatha Lofts / Seattle, Washington61 live/work units, 5,000 square feet of commercial space (opened 2008)

Monday, June 7, 2010

QUALITIES

Monday, June 7, 2010

LARGE WINDOWSSpinning Plate Artist Lofts / Pittsburgh, Pennsylvania

37 live/work units in historic automobile dealership (opened 1998)

Monday, June 7, 2010

OPEN FLOOR PLANSNorthern Warehouse / St. Paul, Minnesota

52 live/work units, 2 floors of commercial space (opened 1990)

Monday, June 7, 2010

HIGH CEILINGSTilsner Warehouse / St. Paul, Minnesota

66 live/work units (opened 1993)

Monday, June 7, 2010

COMMUNITYSwitching Station Artist Lofts / Chicago, Illinois

Resident artists landscape the grounds

Monday, June 7, 2010

ACTIVITYFirst Thursday Artwalk

Tashiro Kaplan Artist Lofts / Seattle, Washington

Monday, June 7, 2010

AFFORDABILITY

89% of Artspace live/work units meet or exceed the U.S. Department of Housing and Urban Development’s standard for Section 42 affordable housing.

Artspace Buffalo LoftsBuffalo, New York

Monday, June 7, 2010

MONEY MATTERS

Monday, June 7, 2010

SOURCESSOURCE! AMOUNT! PCT.!

Public Sources!

Federal low income housing tax credits! $ 6,592,060! 41 % !

State low income housing tax credits! $ 2,796,404! 17 %!

Federal historic tax credits! $ 1,678,775! 10 %!

HOME funds ($900,000 from state, $400,000 from city)! $ 1,300,000! 8 %!

Community Development Block Grant (city)! $ 300,000! 2 %!

Federal allocation! $ 250,000! 2 %!

Private Sources!

Private sector (philanthropic gifts)! $ 1,400,000! 9 %!

First mortgage! $ 1,200,000! 7 %!

Deferred developer’s fee! $ 670,944! 4 %!

TOTAL! $ 16,188,183! 100 %!

Artspace Buffalo Lofts / Buffalo, New York

Monday, June 7, 2010

OTHER SOURCES

• Tax increment financing

• Housing trust funds

• Easements

• State cultural facility grants

• Economic development initiatives

• Taxable and tax-exempt bondsRiverside Artist Lofts / Reno, Nevada

Monday, June 7, 2010

USES

Artspace Buffalo Lofts / Buffalo, New York

CATEGORY AMOUNT PCT.

Site acquisition (building and land) $ 600,000 4%

Construction costs $ 11,678,581 72%

Professional fees (architect, engineer, surveyor, etc.) $ 947,623 6%

Construction interim costs $ 250,500 2%

Permanent financing $ 152,000 1%

Soft costs (appraisals, studies, consultants, etc.) $ 123,500 1%

Developer fee (mandated by state law) $ 2,012,831 12%

Legal costs $ 140,000 1%

Reserves $ 284,620 2%

TOTAL $ 16,189,655 100%

Monday, June 7, 2010

BEFORE AND AFTER

Monday, June 7, 2010

BEFORETilsner Warehouse / St. Paul, Minnesota

Monday, June 7, 2010

AFTERTilsner Warehouse / St. Paul, Minnesota

Monday, June 7, 2010

BEFOREJefferson Davis Hospital / Houston, Texas

Monday, June 7, 2010

AFTERElder Street Artist Lofts / Houston, Texas

Monday, June 7, 2010

ON THE HORIZON

Monday, June 7, 2010

HAWAI‘IAdult students at halau hula in Honolulu

Monday, June 7, 2010

NEW ORLEANSMardi Gras Indians in costume

Monday, June 7, 2010

NORTHERN PLAINSDancers at 40th annual United Tribes powwow

Bismarck, North Dakota

Monday, June 7, 2010

Monday, June 7, 2010