The Region`s Premier Center - North Carolina City and County

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The Region’s Premier Center
Community Overview
 Population: 106,476
 Household Per Capita Income: $39,764
 Racial Composition:
 71% white
 20% African American
 9% other
 Notable Private Employers
 PPD Development
 Corning Inc.
 GE Hitachi
 Verizon
 GE Aviation
 Vertex Rail Technologies
 Other Assets
 State Port
 UNCW
 Cape Fear Community College
 Tourist Destination
 Film
Recent Accolades
Recent Accolades
Overview
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3.1 million square feet of
commercial space (660k
leasable)
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$401 million tax value
10,909+ employees
880+ businesses
2,114+ residents
155 shops, boutiques and
salons
• 102 restaurants and bars
• 6,376 publicly owned
parking spaces
Modern History of Downtown
Development
 Compact and high density
 Center of everything
 1950’s forward: HUGE
Government Subsidies:
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GI housing boom post WWII
Transportation improvements
Utilities expansion
Annexation
 People moved – business
followed
 Fighting flight and blight:
 Urban Renewal – 1960’s
 Pedestrian Malls – 1970’s
 Partnership Organizations -
today
 DARE 1977 - 2004
Proven Track Record
• Formed in 1977
• Private sector led
and directed
• 36 Board members
• 5 Committees open to all
• 1 full time, 2 part time staff
• $399,000 budget
• Stimulate investment and
interest in Downtown
• Mall manager
2014-2015 Board of Directors
Nick Balding
Nancy Bullock
Tanner Clayton
Andrew Cooke
TJ Dunn
Hank Estep
Andrew Gray
Donna Gurganus
Clark Henry
Margaret Haynes
Thomas Harris
Mike Lardieri
Clark Hipp
Chris Hinnant
Christine Hughes
Bob Jones
Billy King
Balding Brothers
The Cotton Exchange
Waverider Designs
BB&T
TJ Dunn Style Consultant
GriffinEstep Benefit Group
Tayloe Gray Kristoff
First Bank
ciii Associates
City of Wilmington
Front Street Brewery
HomesforsaleWilmington.com
Hipp Architecture
Cranfill Sumner & Hartzog
City of Wilmington
Cape Fear Community College
Wilmington Business Development
Connie Lincoln
Lara Landgraf
Paul Lawler
Cathey Luna
Alan Murphy
Daniel Pena
Tim Neathery
Chris O’Keefe
Tyler Pegg
Robert Rosenberg
Holland Soucy
Colin Tarrant
John Walker
Rob Wagner
Stephen Whitney
Rob Zapple
Manifest
Service Transfer, Inc.
Residents of Old Wilmington
Luna Ad
Coastal Kicks
JC Print
PPD
New Hanover County
Coldwell Banker Commercial
Monarcares
Wilmington Convention Center
Smith Moore Leatherwood
First Citizens Bank
McGladrey
Architect
New Hanover County
WDI’s Holistic Approach
Economic Development:
 Entrepreneur recruitment/assistance
 Business retention
 Loan Program
 Demographic Profile
Promotions and Events:
 Lifestyle Tour
 Shopping, Dining Entertain Guide
 Sundown Concert Series
 Economic Series
 www.wilmingtondowntown.com
Design and Public Space:
 Urban Planning
 Public Safety
 Pedestrian Environment
 Responsible Hospitality Institute
Organization and Collaboration:
 Top Producer of the Year Award (WRAR)
 Bring It! Downtown (DBA)
 Downtown Parking Advisory Committee
 Convention Center Authority
 Business Owner & Resident Survey
Why is Downtown Important
Downtown Wilmington
Is our Center……
National Business Center
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Bank of America
BB&T
Wells Fargo
McGladrey Accounting
Hilton Hotel
Ruth's Chris Steak House
Best Western Coastline
Inn
 The UPS Store
 Subway
 Jimmy John’s
Regional Business Center
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First Bank
First Citizens Bank
Law Firms
Accounting Firms
Port City Java
Technology and Creative
Government
 City
 County
 State
 Federal
 Cape Fear Community
College
TGK
Center of Nightlife
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Orton’s
Ziggy’s By the Sea
City Limits Saloon
Whisky
Pravda
Slainte Irish Pub
Level 5
Blue Post Billiards
Ibiza
Ziggy’s By the Sea
Five Star Tavern
Costello’s
Calico Room
Cape Fear Wine & Beer
Duck and Dive
Dead Crow Comedy Club
Center of Faith and Compassion
 Churches
 Social Services
 Job Training
 Homeless/Life Skills
 Childhood
Development
 Civic Organizations
 Medical Facilities
 Clinic
 Dentists
 Eyes
Center of Unique Retail
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Island Passage
Lure
Edge Of Urge
Aqua Fedora
Crescent Moon
SALT Studio Photography
Old Books on Front
Candles Etc.
Cape Fear Native
Port City Treasures
New Elements Gallery
Finkelstein's
Coastal Kicks
Momentum Surf & Skate
The Italian Gourmet Market
Castle Street Antique District
Manifest Design
Dining and Foodie Center
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A Slice Of Life Pizzeria
Caprice Bistro
Aubriana's
Bourbon St. Restaurant
The Copper Penny
Dixie Grill
Dock Street Oyster Bar
Fat Tony's Italian Pub
Front Street Brewery
The George On The Riverwalk
The Greeks Mediterranean
The Little Dipper
Louie’s Hot Dogs
Sunny Sushi
Craft Brew Center
Flytrap Brewing
Center of Arts and Culture
 Brooklyn Arts Center
 Bellamy Mansion
 Burgwin-Wright House
 City Stage
 Thalian Hall
 TheatreNow
 The Cape Fear Playhouse
 Historic Hannah Block
USO Building
 Latimer House Museum
 Public art
Visitor and Tourism Center
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Convention Center
Coastline Convention Center
Riverwalk
Riverboat Tours
Hotels (Nationals, Boutique, B&B)
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Children’s Museum
Railroad Museum
Historic District
Cape Fear Museum
Serpentarium
Residential Center
 Historic Homes
 Modern Infill
 Condos
 Apartments
Center of Community Identity
Distinct Built Environment
Public Realm
Why is Downtown Important?
10,909 jobs
880 businesses
$401 million tax value
Millions $ in public and
private investment
Downtown Economic Progress
January 1, 2014 – December 31, 2014
New Start-up Businesses: 21
Net New Businesses: 11
Business Expansion/Retention: 6
Estimated Net New Jobs: 50.5
New Investment:
$42.3 m
- 85 Renovation and Construction
Projects Generating $20.2 million
- 55 Property Acquisitions
generating $22.1 million in sales
Total Assessed Value:
2012 $572,548,233
2013 $604,594,700
5.6% annual growth
Current Development Projects
Port City
Marina &
Mixed Use
Riverwalk Expansion
Port City
Marina &
Mixed Use
320 Chestnut Street
CFCC Fine Arts
Princess and 3rd Office
Cape Fear Development
Marina/Mixed
Use
New City Park
Indigo Hotel
2016
2 Restaurants
2015
Port City
Marina &
Mixed Use
New City Park
Announced Development Projects
Embassy Suites
Announced Development Project
Courtyard
Marriott
Pier 33 by
Apartments
Sawmill Point Apts.
Potential Development Project
Marina/Mixed
Use
New
City Park
Water Street Deck
Redevelopment
Other Development Projects
 21 South Front (NextGlass)
 Infill housing
 Urban Oasis
 Stephens Building
 Brooklyn Arts Townhomes
 220 North Front
 Pinpoint Restaurant
 3rd Street Bridge replacement
 Cape Fear Museum outdoor
learning center
 Betsy’s Crepes
 Library park renovation
 Riverfront Park/Bulkhead
replacement
New
Condos
$264.2 million
Underway or
announced!
Upcoming Projects
• Tech-based Tour
• MSD Evaluation
• State Legislative Obstacles:
- Film Grant
- Historic Preservation
- Sales Tax Redistribution
• Loan Program Refinements
• Communications Expansion
• Bring It Downtown! (w/DBA & City)
• Kiosk Sign Replacements
• Collaboration with CFCC Fine Arts
• Sundown Concert Series
A Word About Safety
National Trends and Themes
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Housing
Hospitality
Experiential Social Networks
Sustainability
Authenticity
Focus
 Work Program
 Collaboration
 Leadership
 Programs
 Expanding the toolbox
 Incentives
 Persistence
 Quality
Downtown Wilmington
Wilmingtondowntown.com

The Region`s Premier Center - North Carolina City and County

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