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Eric B. LarsonChief Executive Officer Downtown Detroit
Partnership
-
70,000
In 1960 Detroit had the highest per capita income of any city in
the USA
DETROIT
but by 2013 it faced the highest poverty rate in the USA
50 % of the population are functionally illiterate
abandoned buildings
33% of city vacant or derelict
701,000 2013 population 1,850,000
1950 population
23% unemployment, the highest rate in the USA
60% child poverty rate
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Global Urban Population Growth6.3 Billion
0
1
2
3
4
6
7
3.6 Billion 5
Where Will These Extra 2.7 Billion People Come From?
Top 5 Locations For Global Urban Population Growth
(2010-2050)
Americas
Sub-Saharan Africa India China Other Asia & Oceania
Middle East & N. Africa
Europe
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The Detroit Demand Out of 78 markets, Detroit ranks
#2 in Local Market Development #28 in Public and Private
Investment
#61in Investor Demand #68 in Availability of Capital
-
Watching Detroits Real Estate MarketFrom those same 78
markets
#1 Austin#19 Chicago #50 Detroit #55 Cleveland#78 Buffalo
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Square Miles People People/Per Acre Median Household Income
Employees Housing Units
1.1 6,444
~7 $35,320 80,000 4,300
Downtown Detroit
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The Woodward Corridor
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Permits per Sq Mile
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Progress Towards Goals: Retail
Supporting Downtown:
Infrastructure improvement plan Business sign ordinance update
Advocacy with city departments (Zoning/historic)
Capitol Park Retail
2016 Occupancy Pipeline
31% 78%
Woodward Retail
Pipeline2016 Occupancy32% 58%
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GrandCircusPark
GrandCircusPark
LafayettePlassance
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Text
0 1,000 2,000500Feet
Active Liquor Licenses, 2013Active Liquor Licenses, 2016BIZ
Boundary
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Property Ownership in Downtown Core
Rock Ventures: 60% Karp & Associates: 6% Princeton Mgmt: 5%
Olympia: 3% Roxbury Group: 3% Mike Higgins: 3% Broder-Sachse: 1%
Other: 19%
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Rock Ventures-Controlled Properties
Over 60% of street frontage in Downtown core controlled by Rock
Ventures
Focus area for 2016-2017 DDP project implementation
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Where We Were1993-2003: 0 new residential units
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2003-2016: Where We Are
902 new residential units
Demand for 1,400+ residential units per year: 900 new residents
from Live Downtown program
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Where Were Going1,300 new Downtown
units
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Grand Circus Park Survey
48%live+workDowntown 87%walkorpeoplemover
99%desiregroceryretail
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Declining employment population:
Where We Were
65,000
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New Downtown employees since 2010:
Where We Are
16,00080,000 total
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Where Were Going
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Wurlitzer Building
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The Metropolitan Building - element
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The Foundation Hotel
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Shinola Detroit Hotel
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The Royce
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The LTM Boutique
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Parc
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Lear Corp. Detroit Innovation Center
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Microsoft
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General Motors Experience Center
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Hastings Place
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The Griswold
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28Grand
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Statler City Apartments
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Elton Park - Corktown
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The Crawford
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2100 & 2120 Trumbull
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The Robertson
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Checker Alley
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The District Detroit
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Justice Complex
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Proposed MLS Arena
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Monroe Block
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Changing the Landscape
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Downtown Mobility VisionThe Downtown Detroit Partnership is
committed to creating a more walkable, bikable, transit friendly
Downtown that supports economic growth and increases access for
all.
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Library St & GratiotWoodward Ave. Concept
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Detroit Bike Share Phase 1: 420 bicycles, 42 stations
Phase 2: 250+ bicycles, 25+ stations
Potential membership options:
Annual ($70 - $90) Monthly ($15 - $20) Daily ($7 - $10)
Subsidized and cash payment options
Year One Projections: 100,000 trips
M-1 RAIL - QLine
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Grand River and Griswold
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Griswold - Capitol Park
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Bike ShareDetroit Bike Share
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Campus Martius Park
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Capitol Park
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Grand Circus Park
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DTE Energy Grand River Park
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Top 5 Things to Know About Downtown Development1. 164 building
permits pulled in Downtown/CBD. 2. Downtown experienced 6% job
growth between 2011 and 2014. 3. Office vacancy decreased 25% from
2011- 2016. Current office vacancy is 18%. 4. Over 2,558
residential units in the pipeline - New and rehabilitating Detroits
valuable, historic architecture. Estimated 3,837 more residents in
Downtown. 5. Residential rates increased 33% from 2011-2016.
Average monthly rental rate is $1.60/SF.
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What Has Driven Change? Partnership Public, Private and
Philanthropic Coordination Targeted Geography Focused Resources
Safe, Clean and Inviting
-
Say Hello:
PHONE
313.566.8250
WEB
www.downtowndetroit.org
EMAIL
[email protected]
One Campus Martius Suite 380Detroit, MI 48226
