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WICHITA KS 2 0 1 4 D O W N T O W N I N V E S T M E N T 30MILLION million MILLION DOLLARS 1872people 2014 CONVENTION TRADESHOW ATTENDEES 510000 P R O J E C T S C U R R E N T L Y P L A N N E D A L O N G D O U G L A S A V E 180million 3million 38PROJECTS RESIDENTIAL UNITS RESIDENTIAL UNITS INVESTMENT opened in 2014 since Project Downtown adoption SINCE PROJECT DOWNTOWN under construction or in planning estimated Downtown population C O M P L E T E D R E T A I L S A L E S G E N E R A T E D I N 2 0 1 4122million D O W N T O W N invested in last decade Downtown workers 26000O C C U P I E D OFFICE SPACE S Q U A R E F E E T SQUARE FEET 05 I N V E S T 21 S H O P 25 B U I L D 31 W D D C 09 L I V E 13 W O R K 17 V I S I T C O N T E N T S 23 A R E N A 9.4M I L L I O N I N V E S T E D I N hotel renovations occupied retail space 468700 22 22 22 2 9 22 18 3 7 8 3 3 8 22 The Wichita Downtown Development Corporation WDDC is pleased to provide this annual report on the state of our Downtown. Currently many strategic conversations and partnerships have aligned that will help move Downtown and our south central Kansas region forward. Regionally ten counties have come together to produce a new Blueprint for Regional Economic Growth BREG in addition a new Wichita-South Central Kansas Export Plan was formulated Wichita State University is making great strides moving its new Innovation Campus forward and Wichita will open the new Dwight D. Eisenhower National Airport terminal in May of this year. Economic development organizations recently announced a new alignment as well through the creation of a new Greater Wichita Partnership. The Partnership will align the economic development efforts of the Leadership Council GWEDC and the WDDC. Each of these initiatives allows us the opportunity to maximize development and to foster job growth in our community. In this State of Downtown Report you will find market and economic data that documents the progress we are seeing in the City center. This report is designed to be a resource for those who own develop market or invest in real estate. It is meant to be a reference tool for research or project due diligence for those developing in Downtown Wichita. Project Downtown The Master Plan for Wichita continues to provide the blueprint that assists the private sector in making key investment decisions in Wichitas core. Concurrently the plan also provides the framework for the public sector to make strategic investments which foster private sector investment. At the WDDC we work to provide the leadership and staff resources to coordinate these initiatives. As chairman of the WDDC I am encouraged by the collaborative approach towards economic development that has emerged in Wichita and throughout the region. By working together we are able to increase our economic successes and maximize our opportunities. Sincerely Bill Livingston Chairman Wichita Downtown Development Corporation Downtown Wichita Skyline Photo credit TJ Studios WICHITA D W I G H T D . E I S E N H O W E R N AT I O N A L A I R P O R T New Terminal The new 160 million Dwight D. Eisenhower National Airport terminal provides an inspiring new front door to the community by reflecting Wichitas aviation history in its architectural form art installations and aesthetic details. The project was under construction throughout 2014 and will open in May 2015. In addition a 40 million four-level parking garage will increase the airports current parking capacity by 70. W I C H I TA A R T M U S E U M Art Garden Planning commenced in 2014 for a new 3 million Art Garden at the Wichita Art Museum. This inviting new addition currently under construction will feature nine landscaped acres with outdoor lighting stone walls and elevation changes which help define outdoor rooms. The project will also include an amphitheater that can seat up to 900 people for special events. B O TA N I C A Chinese Garden Botanicas new 1.5 million Chinese Garden of Friendship initiated construction in 2014 and is set to open June 2015. The new garden will showcase traditional Chinese architecture art and culture to inspire the community. This expansion will include a Scholar-type Chinese Garden which reached its peak during the Ming Dynasty and has since become famous around the world. S E D G W I C K C O . Z O O Elephant Exhibit The new 10.5 million Elephants of the Zambezi River Valley Exhibit at the Sedgwick County Zoo began construction in 2014. At just more than 5.5 acres it will be the third largest elephant exhibit in the United States and the first in the world to feature boat rides. The Sedgwick County Zoo is a top tourist attraction in Kansas and is consided by many to be one of the best zoos in the nation. 03 W I C H I TA Strategic partnerships and investment continue to guide Wichitas growth now and into the future. Throughout 2014 the emergence of many key partnerships and the alignment of focused efforts regarding the creation of jobs the retention of talent and increasing the quality of life for the region occurred. As 2015 commences these strategic partnerships and investment continue to guide Wichitas growth now and into the future. Private sector leadership stepped forward to redefine economic development efforts for Wichita and the region. The Greater Wichita Partnership organization was launched to align multiple economic development efforts. The framework will coordinate the efforts of the WDDC GWEDC and Leadership Council initiatives under one umbrella organization. The partnership is modeled after examples witnessed in peer cities and will better align efforts and resources for the community. The Leadership Council is comprised of over 100 of Wichitas top business non-profit and public sector CEOs with the purpose of finding solutions to major issues and implementing initiatives which benefit the long-term economic prosperity for Wichita. Leadership Council priorities have created two task forces related to job creation which are the Entrepreneurship Task Force ETF and Business and Education Alliance BEA task force. The former works to build on Wichitas rich entrepreneurial history by identifying connecting and advocating for entrepreneurial organizations businesses and individuals. The BEA task force works to align the education and business communities to produce a globally competitive workforce. A coalition from the private and public sectors has also come together to conduct a new study for the 10-county region called the Blueprint for Region Economic Growth BREG. BREG identifies eight industry clusters that have the potential to grow jobs and industry in the region. The initiative is being led by the business community who will be responsible for implementing the strategies to help companies operate more efficiently identify opportunities for expansion and primary job creation. In 2014 the Greater Wichita Metro Area of South Central Kansas was selected to participate in the Brookings Global Cities Initiative GCI program. The initiative produced a data-driven Regional Export Plan that will assist the region with increased exports that is estimated to create more than 6000 jobs. W I C H I TA S TAT E U N I V E R S I T Y Innovation Campus In 2014 Wichita State University announced its new campus master plan to become the Innovation University. This plan focuses on aligning education and the business community through applied learning research innovation and entrepreneurship to create a resulting economic impact for the community. D O W N T O W N WSU Old Town Wichita State University recently announced it will significantly increase its presence in Downtown. Over the next two years 200 staff members along with 300 students comprised of seven departments and programs will relocate to Old Town. This strategic location makes these important programs more accessible to the community and gives the University a stronger presence in the core. WSU Old Town expects over 15000 annual visitors. W E S L E Y M E D I C A L C E N T E R New Childrens Hospital Wesley Medical Centers 2014 announcement of a new 28 million Childrens Hospital will have a major impact to the health care industry. The new hospital will add over 40 private rooms which will provide an unprecedented level of care for children in Wichita. U N I V E R S I T Y O F K A N S A S First Medical Class Graduates The University of Kansas School of Medicine - Wichita celebrates a landmark year in 2015 with the graduation of the first group of medical students to complete all four years on the Wichita campus. KU Med is ranked in the top 10 in the nation for producing primary care physicians. 04 INVEST 05 I N V E S T In 2014 key public sector investments positioned Downtown for expanded growth in 2015 and beyond. Property values continue on a positive trend upwards following the implementation of Project Downtown. I N V E S T M E N T I N 2 0 1 4 3 30million I N V E S T M E N T S I N C E P R O J E C T D O W N T O W N A D O P T I O N I N 2 0 1 0 3 320million I N V E S T M E N T I N L A S T D E C A D E 3 965million Private sector investment continued in Downtown in 2014 totaling nearly 21 million.4 The 8.6 million public sector investment4 in 2014 included the Citys rehabilitation of the Parking at Market William Garage former Macys Garage which began in 2014 and is scheduled to reopen in 2015. This strategic investment by the public sector is poised to unlock private sector development in this area of Downtown by providing much needed parking for surrounding buildings and businesses. Increases in both appraised and assessed property values continued on a positive trend upwards. Since Project Downtowns adoption Downtown has seen over 320 million3 of private and public sector investment combined. Douglas Avenue downtownwichita.org 06 ValueinDollars Appraised Real Property Value Year 900 Million 0 386306775 392474020 520022350 545889080 504735410 630528410 691112900 697368830 815289292 05 06 07 09 11 1308 10 12 14 822790795 ValueinDollars Assessed Real Property Value Year 90 Million 0 05 06 07 09 11 1308 10 12 14 62680734 65626389 73693303 78968988 79507629 77436114 78637805 78573959 80596146 81944266 P R O P E R T Y V A L U E S 5 Arkansas River downtownwichita.org 07 I N V E S T D O W N T O W N I N V E S T M E N T 4 2014 Total investment 30421465 28 8550772 72 21870693 2014 Since Project Downtown Adoption 2010 Total investment 321777991 3 9491095 13 41142839 84 271144057 2010 - 2014 10 Year Investment Total investment 965917277 60 579069055 20 190627596 20 196220626 2005 - 2014 Private Investment Public Investment Arena Investment Parking at Market William Garage downtownwichita.org 100 Million 75 Million 25 Million 50 Million 08 P U B L I C A N D P R I V AT E I N V E S T M E N T I N D O W N T O W N S S M I D 4 125 Million 0 InvestmentinDollars Year 41955285 72160665 80350746 69347621 64453782 44587647 96775227 52649326 55261164 21870693 21612184 44027919 41172128 112751875 96307081 19117665 5917918 14837433 2210146 8550772 Total 62784312 Total 114115950 Total 182099496 Total 102693145 Total 124378665 Total 160760863 Total 67486759 Total 63705312 Total 57471310 Total 30421465 Private Investment 10 Year Total 579069055 Public Investment 10 Year Total 196220626 Arena Investment 10 Year Total 190627596 Private investment includes data from the following sources Sedgwick County property sales data - Sedgwick County Appraiser Sedgwick County and City of Wichita building permit data - Metro Area Building Construction formerly Office of Central Inspection. Private investment totals are for the years 2005 - 2014 only for the Downtown SSMID District shown on map on page 33 - Central to Kellogg Washington to the Arkansas River. Historic Tax Credits Includes both State and Federal Credits - Kansas State Historical Society. Note All public investment that is reflected in private investment i.e. items that include the public purchase of land andor building permits for work on publicly owned property has been deducted from private investment figures to avoid double counting investment. Public investment includes data from the following sources City of Wichita CIP Streets bridges public buildings public improvements parks stormwater maintenanceTax Increment Financing TIF - City of Wichita Facade Improvement Program - City of Wichita HOME Program Investment - Wichita Housing and Community Services CDBG funds - Wichita Housing and Community Services and Public Building Commission funding. Community Improvement District CID - City of Wichita This is based on the year the tax was collected. Public investment totals are for the years 2005 - 2014 only for the Downtown SSMID District shown on map on page 33 - Central to Kellogg Washington to the Arkansas River. Public investment for INTRUST Bank Arena - Sedgwick County. INTRUST Bank Arena funding during these years constitutes a larger portion of the public investment value. However Arena funding is included over years 2005-2014 per Sedgwick County. Yearly INTRUST Bank Arena funding- 2005 645806 2006 5779067 2007 18575958 2008 74376927 2009 81758743 2010 7331622 2011 1624192 2012 285281 2013 250000 2014 0. Public investment totals for the Sedgwick County Arena are for the years 2005 - 2014 only. 05 0907 1106 1008 12 13 14 LIVE 09 L I V E Residential development continues to be an extremely strong market in Downtown. In 2014 263 new residential units opened and currently there are 550 under construction or in planning. 22 E S T I M AT E D D O W N T O W N P O P U L AT I O N 2 1872peopleN E W U N I T S O P E N E D I N 2 0 1 4 22 263units C U R R E N T LY U N D E R C O N S T R U C T I O N O R P L A N N I N G 22 550units It is often said that success yields more success. That can certainly be said of the recent residential progress underway in Downtown Wichita. More people are choosing the urban lifestyle due to its walkability access to the arts cultural activities and close proximity to restaurants coffee shops and entertainment. A recent updated residential market study shows increased market potential for Downtown. With 550 units22 under construction or planning Downtowns residential base continues to strengthen. In 2014 263 new units22 were completed boosting the estimated population to 1872.2 The most common Downtowner is a single highly educated young professional who on average earns 45846 per year.1 The LUX 120 E. 1st St. N. theluxliving.com Commerce Street Lofts 416 S. Commerce commercestreetlofts.com Photo credit Ryan Hendrix 10 24 Studio 59 One Bedroom 16 Two Bedroom 1 Three Bedroom Bedrooms 58 2010 or Later 40 2000-2009 3 1990-1999 Year Moved C O S T O F L I V I N G 6 Metropolitan Statistical Areas H O U S E H O L D P O P U L AT I O N D ATA 1 Oklahoma City OK 9 0 . 1 Louisville KY 9 1 . 9 Wichita KS 9 1 . 3 Raleigh NC 9 3 . 3 Tulsa OK 8 8 . 7 Kansas City MO-KS 1 0 0 . 0 National Average 1 0 0 . 0 Charleston SC 1 0 0 . 8 Tacoma WA 1 0 4 . 7 Rooftop at The LUX 120 E. 1st St. N. theluxliving.com 11 L I V E 7 Some High School 28 High School Graduate 28 Some College or Associate 37 Bachelors Degree or Higher Education 78 White 16 Black or African American 4 American Indian and Alaskan 4 Asian 4 Other Race 2 0-19 Years Old 35 20-29 Years Old 24 30-39 Years Old 16 40-49 Years Old 12 50-59 Years Old 11 60 Years Old Age 29 Females 71 Males Gender 18 14999 or Less 15 15000 - 24999 20 35000 - 49999 29 50000 - 74999 5 75000 - 99000 3 100000 - 149000 1 150000 - 199999 1 200000 Household Earnings 7 25000 - 34999 5 Married 95 Single Marital Status H O U S E H O L D P O P U L AT I O N D ATA 1 Eaton Place 517 E. Douglas eatonplace.net SYCAMOREST MCLEANBLVD ARKANSASRIVER OAKST OSAGEST DOUGLAS AVE MAPLE ST WICHITAST WATERST WACOAVE MAINST TOPEKAST MARKETST EMPORIAST BROADWAYST ST.FRANCISST MEAD ROCKISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND 1ST ST DOUGLAS AVE 3RD ST CENTRAL AVE 2ND ST WILLIAM ST ENGLISH ST WATERMAN ST LEWIS ST DEWEY ST KELLOGG US 54 INTRUST Bank Arena Century II Performing Arts Convention Center Lawrence-Dumont Stadium 1 23 21 24 8 17 18 9 20 2 3 19 14 6 13 10 16 7 5 22 12 25 11 4 1 3 2 15 4 5 12 Located outside the 67202 zip code. These properties are not included in census data nor population estimate. 1 250 Douglas Place 1 4 1 U N I T S 13 Mosley Street Lofts 2 4 U N I T S5 Finn Lofts 2 5 U N I T S 17 Rock Island Lofts 8 U N I T S9 La Louisiana 2 4 U N I T S 2 Commerce Street Lofts 6 U N I T S 14 Noble Building 1 5 U N I T S6 Grant Telegraph Condos 1 3 U N I T S 18 Rumley Lofts Condos 2 8 U N I T S10 Legacy Apartments 5 0 U N I T S 3 Corner 365 3 6 U N I T S 15 Player Piano Lofts 3 6 U N I T S7 Harvester Lofts 4 8 U N I T S 19 Shirkmere Apartments 1 0 8 U N I T S11 Lofts at Old Town Square 1 5 U N I T S 4 Eaton Place 1 1 8 U N I T S 16 Riverpark Plaza Apartments 5 8 4 U N I T S8 Innes Station 8 0 U N I T S 20 The Flats 324 6 8 U N I T S12 Lofts at St. Francis Condos 2 6 U N I T S 21 The LUX 8 6 U N I T S 1 518-520 Commerce 1 6 U N I T S 22 The Renfro 2 0 U N I T S 2 Exchange Place 2 3 0 U N I T S 23 WaterWalk Hotel Apartments 1 3 3 U N I T S 3 Water Street Lofts 9 0 U N I T S 24 WaterWalk Place Condos 4 6 U N I T S 4 Flats 324 Expansion 6 8 U N I T S 25 Zelman Lofts 9 U N I T S 5 River Vista 1 5 4 U N I T S Completed Under Construction Planning In 2009 ZimmermanVolk Associates ZVA conducted a residential market study for Project Downtown The Master Plan for Wichita which forecasted that Downtown could absorb 1000 new units in five to seven years. In 2014 the WDDC contracted with ZVA to update the study. The new analysis found a significant increase in the residential market potential for Downtown. Per the study Downtown Wichita can absorb 1750 additional units over the next five to seven years predominantly rental dwelling units. R E S I D E N T I A L P R O P E R T I E S 22 Downtown SSMID District WORK 13 W O R K Downtown is a key epicenter for employment with over 26000 workers 7 coming into the district each day. As development efforts continue businesses are investing in Downtown and occupancy is increasing. O F D O W N T O W N W O R K E R S E A R N M O R E T H A N 3 9 9 9 6 A N N U A L LY 7 46D O W N T O W N W O R K E R S 7 26000 O C C U P I E D O F F I C E S PA C E I N C E N T R A L B U S I N E S S D I S T R I C T 8 3168509sf Downtown boasts over 3.9 million square feet SF8 of office space and 14 of the top 25 largest office buildings in the metro area.10 Overall occupancy rates increased in 2014 from 78 to 80 and average rental rates increased from 10.74SF in 2013 to 11.06SF in 2014.8 The Central Business District CBD has office space available for lease in addition to livework residential units for entrepreneurs and the self-employed. As more people choose to make Downtown home many employers are taking note and choosing the CBD as the place to be to attract the next generation of talent. Over 26000 employees7 come into Downtown for work and nearly half of Downtown workers earn more than 39996 annually.7 The Epic Center 301 N. Main Associated Integrated Marketing 330 N. Mead meetassociated.com 14 5 Administration Support 1 8 8 3 E M P L O Y E E S 2 Public Administration 4 2 3 2 E M P L O Y E E S 6 Manufacturing 1 7 4 2 E M P L O Y E E S 3 Professional Services 2 3 6 7 E M P L O Y E E S 7 Health Care 1 3 8 0 E M P L O Y E E S 4 Finance and Insurance 1 9 7 9 E M P L O Y E E S 8 Accommodation 1 0 1 9 E M P L O Y E E S T O P I N D U S T R I E S 7 1 Educational Services 7 3 1 4 E M P L O Y E E S D O W N T O W N O F F I C E M A R K E T 8 Total Central Business District office space 3960136 SF 41 Class A 45 Class B 14 Class C Office Type Class A 1 6 1 2 5 7 3 T O TA L S F The CBD has a vacancy rate of 12.9. The average price per SF is 16.04. Class B 1 7 7 4 9 8 3 T O TA L S F The CBD has a vacancy rate of 24.0. The average price per SF is 9.96. Class C 5 7 2 5 8 0 T O TA L S F The CBD has a vacancy rate of 27.5. The average price per SF is 7.46. HowertonWhite 520 E. Douglas Ave. howertonwhite.com 15 W O R K 56 Females 44 Males Gender 15 15000 Annually or Less 39 15001-39996 Annually 46 More than 39996 Annually Earnings D O W N T O W N W O R K E R D ATA 7 19 29 Years Old or Younger 60 30-54 Years Old 21 55 Years Old Age Education 6 Some High School 19 High School Graduate 27 Some College or Associate 29 Bachelors Degree or Higher 19 Not Available Place of Residence 63 City of Wichita 12 Wichita Metro Area 25 Outside of Wichita Metro Area Includes Derby Andover Park City Bel Aire Haysville Valley Center Newton Goddard and Maize.Ruffin Building 100 N. Broadway SYCAMOREST MCLEANBLVD ARKANSASRIVER OAKST OSAGEST DOUGLAS AVE MAPLE ST WICHITAST WATERST WACOAVE MAINST TOPEKAST MARKETST EMPORIAST BROADWAYST ST.FRANCISST MEAD ROCKISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND 1ST ST DOUGLAS AVE 3RD ST CENTRAL AVE 2ND ST WILLIAM ST ENGLISH ST WATERMAN ST LEWIS ST DEWEY ST KELLOGG US 54 INTRUST Bank Arena Century II Performing Arts Convention Center Lawrence-Dumont Stadium 8 9 2 3 14 6 13 10 7 5 12 11 4 1 16 1 Ruffin Building 1 0 0 N . B R O A D W AY 394000 SF 11 One Main Place 1 0 0 N . M A I N 103200 SF 5 CoBank 2 4 5 N . W A C O 257364 SF 7 First National Bank Building 1 0 5 N . M A I N 156000 SF 2 Garvey Center 2 5 0 W. D O U G L A S 345000 SF 12 Emprise Bank 2 5 7 N . B R O A D W AY 99181 SF 13 Mayflower Plaza 2 0 9 E . W I L L I A M 95575 SF 14 Riverview Building 3 4 5 R I V E R V I E W 75000 SF 6 125 N. Market 1 2 5 N . M A R K E T 222679 SF 8 Century Plaza Building 1 1 1 W. D O U G L A S 137638 SF 3 Finney State Office Building 2 3 0 E . W I L L I A M 304109 SF 9 Market Centre 1 5 5 N . M A R K E T 130000 SF 4 Epic Center 3 0 1 N . M A I N 298000 SF 10 High Touch Building 1 1 0 S . M A I N 107592 SF Office Building Downtown has 14 of the top 25 largest office buildings in Wichita and four out of the top five. O F F I C E B U I L D I N G S 10 Largest buildings by total square footage P R I M A R Y J O B C H A R A C T E R I S T I C S 7 Inflow Workers Enters Downtown for job There are 26137 residents who enter the 67202 zip code for their prima pically these workers are 30-54 years old and earn more than 39996 annually. Interior Flow Workers Lives and works in Downtown There are 75 residents who both live and have primary jobs in Downtown. Typically these workers are 30-54 years old and earn between 15001 and 39996 annually. Outflow Workers Leaves Downtown residence for job There are 349 residents who live in Downtown and leave the 67202 zip code for their primary job. These workers are largely represented by the 30-54 years old population group followed closely by the 29 years old or younger population group. These workers typically earn between 15001 and 39996 annually. Downtown SSMID District VISIT 17 V I S I T Downtown Wichita is a destination for the region. The presence of major events festivals attractions cultural museums and industry leading hotels makes for a great visitor experience in a friendly city. I N V E S T E D D U R I N G T W O M A J O R H O T E L R E N O V AT I O N S 22 9.4millionC O N V E N T I O N A N D T R A D E S H O W AT T E N D E E S 9 510000 A N D T R A D E S H O W S I N D O W N T O W N I N 2 0 1 4 9 172events Downtowns hotels are centrally located with close proximity to the Central Business District Century II Performing Arts and Convention Center INTRUST Bank Arena Lawrence-Dumont Stadium the Old Town Entertainment District and the Museum District. This made it a favorable place to host 172 tradeshows and conventions in 20149 which brought over 510000 attendees9 to Downtown - an increase of 100000 from the previous year. Two major multi-year hotel renovations were completed in 2014 with significant investments at the Courtyard by Marriott in Old Town and the Hyatt Regency Wichita. The hospitality market continues to remain strong in Downtown with increases in Occupancy RevPAR Revenue Per Available Room and ADR Average Daily Rate. Wichita Symphony Orhcestra wichitasymphony.org Photo credit June Trieb Hyatt Regency Wichita 400 W. Waterman wichita.hyatt.com 18 D O W N T O W N A R E A H O T E L S 22 Hyatt Regency Wichita 3 0 3 R O O M S Hotel at WaterWalk 8 8 R O O M S Wyndham Garden Wichita Hotel 1 5 0 R O O M S Hotel at Old Town 1 1 5 R O O M S Fairfield Inn Suites Wichita Downtown 1 3 1 R O O M S Drury Plaza Hotel Broadview Wichita 2 0 0 R O O M S Courtyard by Marriott Wichita at Old Town 1 2 8 R O O M S Ambassador Hotel at Block One 1 1 7 R O O M S Located outside of the SSMID District. Not included in hotel data totals. Wichita Riverfest wichitariverfest.com Photo credit Dennis Snyder W I C H I TA M E T R O A R E A H O T E L R O O M S 11 Hotel Rooms 11 Hotel Rooms Downtown 89 Hotel Rooms in Wichita Metro Area Includes Wichita hotels outside of Downtown Derby Park City Haysville Goddard and Maize. 19 V I S I T D O W N T O W N H O T E L D ATA 11 Occupancy Rooms sold divided by rooms available. Occupancy is always displayed as a percentage of rooms occupied. RevPAR Revenue Per Available Room Total room revenue divided by rooms available. ADR Average Daily Rate Room revenue divided by rooms sold. Displayed as average rental rate for single room. Occupancy Year 100 0 Occupancy 59.2 68.7 59.0 61.2 59.2 65.2 59.8 62.6 60.6 66.6 09 11 12 13 14 Average Daily Rate Year 100 0 ADRinDollars 09 11 12 13 14 78.84 107.51 106.86 77.26 108.36 76.21 97.51 74.37 82.26 112.29 Revenue Per Available Room Year 80.00 0 RevPARinDollars 09 11 12 13 14 44.06 67.01 44.93 66.37 45.72 69.72 47.15 67.28 49.88 74.84 Downtown Hotels T O TA L O F 6 P R O P E R T I E S W I T H 9 9 4 R O O M S Overall Average of Greater Wichita Area Hotels T O TA L O F 1 1 9 P R O P E R T I E S W I T H 8 3 2 7 R O O M S Museum of World Treasures 835 E. 1st St. N. worldtreasures.org 20 Attraction 9 2010 2011 2012 2013 2014 Wichita Thunder Hockey 172247 201005 228374 194283 174725 Wichita Wingnuts 127401 257292 262619 DNR 151552 Music Theater of Wichita 55913 64886 62143 74489 65277 Wichita Symphony Orchestra 79999 27931 25966 39398 52997 DNR Did Not Report Museum 9 Unless otherwise noted 2010 2011 2012 2013 2014 Kansas Sports Hall of Fame 4666 15561 17818 29229 20465 Botanica 103835 76383 75903 105239 138375 Exploration Place 164045 171828 216266 192699 170270 Great Plains Transportation Museum 2174 1962 3155 2998 2850 Kansas African American Museum 1590 1962 3824 1644 2845 Mid-America All-Indian Center 38614 32416 10301 25515 21171 Museum of World Treasures 37982 34958 40007 36748 42175 Old Cowtown Museum 31155 44297 47378 57817 59889 Wichita Art Museum 59113 50414 47402 52231 56631 WichitaSedgwick Co. Historical Museum 11143 14983 10749 13112 13591 Top Conventions and Events 10 Unless otherwise noted 2014 Riverfest 380000 BlackTop Nationals 175000 Automobilias Moonlight Car Show Street Party 160000 Music Theatre of Wichita 2014 Summer Season 81000 National Baseball Congress World Series 75000 Wichita Area Builders Association Home Show 30000 Outdoor Living Landscape Show 20000 Prairie Fire Marathon 20000 Womens Fair 16000 Starbird-Devlin Rod Customs Charities Car Show 15000 Tallgrass Film Festival 13000 Prairie Fire Spring Half Marathon 10000 Komen Race for the Cure - Wichita 9000 Wichita Wagonmasters Downtown Chili Cookoff 9000 AT T R A C T I O N AT T E N D A N C E Downtown area attractions museums festivals and venue attendance Venues Downtown Chili Cookoff 10 9 0 0 0 AT T E N D E E S I N 2 0 1 4 Up 1000 from 2013 Tallgrass Film Festival 10 1 3 0 0 0 AT T E N D E E S I N 2 0 1 4 Up 1000 from 2013 Riverfest 12 3 8 0 0 0 0 AT T E N D E E S I N 2 0 1 4 Up 20000 from 2013 Automobilia 10 1 6 0 0 0 0 AT T E N D E E S I N 2 0 1 4 Up 20000 from 2013 0 70000 14 Year 131110 12 40654 43474 54551 60000 65200 VenueAttendance Orpheum Theater 14 0 14 Year 131110 12 492532 391801 384608 411121 298825 VenueAttendance INTRUST Bank Arena 15 500000 0 14 Year 131110 12 441302 438751 528708 454864 448708 VenueAttendance Century II 13 530000 16 17 12 SHOP 21 S H O P Downtown is a hub of eclectic shops restaurants and bars that generated more than 122 million of retail sales in 2014. 18 With less than 5 vacancy 8 prime retail space remains in high demand. R E TA I L S A L E S G E N E R AT E D I N 2 0 1 4 18 122millionO C C U P I E D R E TA I L S PA C E 8 468700sf I N T H E D O W N T O W N A R E A 18 139retailers With over 490000 square foot SF of retail space at an average quoted rate of 11.18SF8 Downtown has one of the highest concentrations of retail businesses and restaurants in the metro area. Over 460000 shoppers19 are within a 20 minute drive to explore the eclectic mix of shops restaurants and bars or to find one-in-a-market retailers located only in Downtown. In 2014 retail trade and food and drink sales totaled more than 122 million18 in the Downtown area with Food Services and Drinking Places accounting for the greatest percentage of sales at 30.18 This sector comprising over 50 small businesses with many in the Old Town Entertainment District employs nearly 1000 people18 and is an important employment base for our local economy. River City Brewery 150 N. Mosley rivercitybrewingco.com Heroes Sports Bar 117 N. Mosley heroeswichita.com 22 5 Sporting Goods Hobbies 8 O F T O TA L S A L E S 5 9 E M P L O Y E E S 2 Miscellaneous Store Retailers 2 1 O F T O TA L S A L E S 1 8 2 E M P L O Y E E S 6 Furniture Home Furnishings 6 O F T O TA L S A L E S 3 5 E M P L O Y E E S 3 Motor Vehicle Parts Dealers 1 6 O F T O TA L S A L E S 4 3 E M P L O Y E E S 7 Clothing Clothing Accessories 2 O F T O TA L S A L E S 1 6 E M P L O Y E E S 4 Building Materials Supplies 9 O F T O TA L S A L E S 3 6 E M P L O Y E E S 8 Food Beverage Stores 2 O F T O TA L S A L E S 9 E M P L O Y E E S T O P R E TA I L I N D U S T R I E S 1 8 Total 2014 retail sales 122 million 1 Food Services Drinking Places 3 0 O F T O TA L S A L E S 9 0 0 E M P L O Y E E S 5 Vacant I 22453 SF 95 Occupied I 468700 SF Occupancy D O W N T O W N R E TA I L M A R K E T 8 Total Central Business District retail space 491153 SF 17 Class A I 82200 SF 69 Class B I 339953 SF 14 Class C I 69000 SF Inventory Heartland Bicycle 111 N. Mosley heartlandbike.com ARENA 23 A R E N A 2015 marks the 5-Year anniversary of INTRUST Bank Arenas grand opening in 2010. Since then it has been a draw for nearly 2 million attendees 15 and continues to positively impact our community. T O TA L V I S I T O R I M PA C T O V E R L A S T F I V E Y E A R S 20 59million A P P R O X I M AT E AT T E N D E E S I N F I V E Y E A R S 15 2million A C T I V E LY E M P L O Y E D AT T H E A R E N A 15 406jobs Five years ago construction was completed on a 15004-seat arena in the heart of Wichita through a community wide one-cent sales tax. The Arenas unique architecture comprised primarily of glass and brick complements the skyline of Downtown. In 2013 it was named an IAVM Venue Excellence Award Winner.15 Most recently the NCAA awarded Wichita as one of the eight sites for the 2018 First and Second Round Mens Basketball Championship. This event will have an estimated 10 million economic impact for Wichita.15 This year the Arena celebrates five successful years increasing the quality of life for Wichitans creating memories and providing world-class entertainment. This report takes a closer look at the positive impact the Arena has had on our community and economy. INTRUST Bank Arena 500 E. Waterman intrustbankarena.com 24 F I V E Y E A R S U M M A R Y 20 Five year totals 2010 - 2014 68 Wichita Residents 19 Residents Outside City Limits 13 Residents 100 Miles Outside Wichita Ticket Sales Event Attendance 33 Concerts 33 Thunder Hockey 16 Family Shows 2 Other 16 Sporting Events 1721632 T O TA L L O C A L AT T E N D A N C E Wichita residents and region 257255 T O TA L V I S I T O R AT T E N D A N C E Live 100 miles outside of Wichita 1978887 T O TA L AT T E N D A N C E At 423 events between 2010 - 2014 In April 2014 country music legend George Strait took the stage for the third time at INTRUST Bank Arena. Over 10000 individuals almost 70 of the crowd in attendance was from 100 miles outside of the Wichita City limits. These visitors had a 3.2 million total economic impact on the Wichita economy and had a significant impact on area hotel and retail spending. G E O R G E S T R A I T C O N C E R T S U M M A R Y 21 14406280 R E TA I L S P E N D I N G 11833730 H O T E L S P E N D I N G 9716359 E V E N T R E V E N U E S 35956369 D I R E C T I M PA C T 59486911 T O TA L I M PA C T I N D I R E C T Visitors persons who live 100 miles outside of Wichita to INTRUST Bank Arena have had a 35956369 direct impact to the Wichita economy which spurred a total indirect economic impact of over 59 million. These visitors generated an excess of 4.2 million in sales tax revenue for the City County and State. In addition to these visitors bringing in new dollars to the community local attendees have had a 96840713 direct impact and over 159 million total impact. Visitor Economic Impact INTRUST Bank Arena positively contributes to the Wichita economy by actively employing 39 full time and 367 part time jobs. Over the course of five years this has attributed to over 13 million in net wages and benefits for employees. Employment Data Visitor Economic Impact Visitors Direct Total Indirect Retail Spending 565152 936626 Hotel Spending 464232 769882 Event Revenues 922187 1517274 Total 1951571 3223783 D I R E C T I M PA C T T O TA L I M PA C T Visitor Fiscal Impact Retail Sales Tax Local Visitors City 4840 18791 County 3463 13446 State 51063 198263 Total 59366 230500 L O C A L I M PA C T V I S I T O R I M PA C T Guest Tax Visitors City 46193 County 38494 Total 84687 V I S I T O R I M PA C T 31 City of Wichita and Local Residents 69 Residents 100 Miles Outside Wichita Ticket Sales BUILD 25 B U I L D In 2014 several key Downtown residential properties opened adding to the resident population. In addition seven major projects are planned for 2015 along Downtowns postcard avenue Douglas Avenue. O F P R O J E C T S C U R R E N T LY P L A N N E D A L O N G D O U G L A S A V E . 22 180millionN E W R E S I D E N T I A L U N I T S O P E N E D I N 2 0 1 4 22 263units C O M P L E T E D S I N C E P R O J E C T D O W N T O W N A D O P T I O N I N 2 0 1 0 22 38projects Private and public sector investment continued in Downtown in 2014. 263 residential units opened22 bringing the total of new units since 2010 to 428 units.22 The residential market demand remains strong with most properties operating very near 100 occupancy. The hospitality market got a boost in 2014 with two major hotel renovations totaling 9 million22 at the Hyatt Regency Wichita and the Courtyard by Marriott in Old Town. The public sector also made key strategic investments in 2014. The City initiated investment to convert William Street from one-way to two-way and the 9.6 million investment to renovate the Parking at Market William Garage former Macys Garage to provide critical parking to unlock millions of additional development in the adjacent blocks. Corner 365 365 W. 1st St. N. corner365.com Union Station 701 E. Douglas SYCAMOREST MCLEANBLVD ARKANSASRIVER OAKST OSAGEST DOUGLAS AVE MAPLE ST WICHITAST WATERST WACOAVE MAINST TOPEKAST MARKETST EMPORIAST BROADWAYST ST.FRANCISST MEAD ROCKISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND 1ST ST DOUGLAS AVE 3RD ST CENTRAL AVE 2ND ST WILLIAM ST ENGLISH ST WATERMAN ST LEWIS ST DEWEY ST KELLOGG US 54 INTRUST Bank Arena Century II Performing Arts Convention Center Lawrence-Dumont Stadium 1 5 2 3 1 4 5 2 3 1 4 5 6 7 8 9 10 11 2 3 1 4 5 6 7 8 9 10 2 3 1 4 5 2 3 1 2 3 1 4 2 3 1 4 2 1 2 1 4 5 2 3 4 1 6 8 2 3 4 5 3 7 26 Residential 1. Corner 365 2. Eaton Place Renovations 3. Player Piano Lofts 4. The Flats 324 5. WaterWalk Apartments Residential 1. Exchange Place and Bitting Buildings 2. Flats 324 Expansion 3. River Vista 4. Water Street Lofts Civic 1. Albert Paley Sculpture Installation 2. Block One Parking Garage 3. Fountains at WaterWalk 4. INTRUST Bank Arena 5. INTRUST Bank Arenas Guitar Bar Thunder Store 6. Riverfront Improvements 7. Sedgwick Co. Rotary Foundation Coleman Lot 8. St. Francis Streetscape Improvements 9. Urban Plaza at Block One 10. William Street 2-Way Conversion Civic 1. Commerce Arts District Parking 2. Douglas Avenue Streetscape Development 3. Douglas Ave Underpass Renovation 4. Mosley Ave. Project 5. Parking at Market William GarageMixed Use 1. Commerce Street Lofts 2. Finn Lofts 3. Rock Island Lofts 4. The LUX 5. The Renfro 6. Wichita WaterWalk 7. Yellow Cab Co. Building Renovations 8. Zelmans Building Mixed Use 1. 518-520 Commerce 2. Union Station Other 1. Open Door 2. Robert D. Love Downtown YMCA 3. The Catholic Diocese St. Mary Cathedral RetailRestaurants 1. 220 222 S. Commerce Restaurant Renovation 2. Bite Me BBQ 3. Gander Mountain Expansion at WaterWalk 4. Live at 215 5. Sonic Drive-In Hotel 1. Ambassador Hotel at Block One 2. Courtyard by Marriott Renovations 3. Drury Plaza Hotel Broadview 4. Fairfield Inn Suites Wichita Downtown 5. Hyatt Regency Wichita Renovations Commercial 1. 125 N. Market 2. 340 S. Broadway 329 S. Topeka Renovations 3. Cargill Innovation Center 4. CoBank 5. Firestone Place Renovations 6. HowertonWhite Expansion Renovation 7. J.P. Weigand Sons Realtors 8. Kansas Leadership Center and Kansas Health Foundation Conference Center at Block One 9. KE Miller Engineering 10. Pixius Corporation 11. The Arnold Group Renovations Commercial 1. High Touch Technologies 2. INTRUST Bank Renovations 3. Merrill Lynch Building 4. 271 Building Completed Projects Under ConstructionPlanning D E V E L O P M E N T P R O J E C T S 22 Since the implementation of Project Downtown in 2010 Downtown SSMID District For a full listing of Downtown development projects and descriptions visit DowntownWichita.org 27 B U I L D Comcare at Topeka Broadway on Waterman Approximately 2 million This project comprised of two buildings completed exterior facade and interior renovations. The buildings located at 340 S. Broadway and 329 S. Topeka formerly housed Rainbows United and are now home to Comcare. C O M P L E T E D H O T E L R E N O V AT I O N S 2014 C O M P L E T E D C O M M E R C I A L R E N O V AT I O N S 2014 Courtyard by Marriott 1 million Phase two renovations included updates to the 128-room hotels design and color schemes as well as a refresh to the meeting spaces. A 900000 phase one renovation of the lobby and guest areas was completed in 2013. Yellow Cab Co. Building NA Renovations to the 26000 SF Yellow Cab Company Building at the corner of 2nd and Washington Ave. have included subdividing the space for multiple office retail and restaurant tenants including Taste See an upscale restaurant and bar Lotus Leaf Caf a healthy lifestyle cafe and Oasis Staffing. Hyatt Regency Wichita 7.5 million The Hyatt completed an extensive redesign of its 303 guest rooms. The rooms new look and design aesthetics incorporate colors found in Kansas landscapes. The hotel has also completed a renovation of the lobby and meeting areas. Commerce Waterman NA Renovations for RSA Marketings mixed-use building at the entrance to the Commerce Street Arts District included repurposing shipping containers as meeting rooms in the interior large exterior window additions the addition of a large awning and deck facing Waterman and an asphalt parking lot on the north side of the building. William Street Two-Way Conversion 375000 The improvements from Main to Emporia Streets included converting William Street from a one-way west-bound street to a two-way street providing one lane in each direction. The pavement was improved as necessary and restriped to allow for two-way traffic. The project also added wheelchair ramps and modifications to the traffic signals. Sonic Drive-In NA One of Americas favorite fast food drive-ins Sonic constructed a new 1800 SF location at 504 S. Broadway. This new project is located adjacent to multiple fast food restaurants near the Kellogg frontage. Live at 215 Performance Theater Approximately 200000 Renovations were made to 215 N. St. Francis by Graycon Building Group including a new 150-160 person theater box office and bar. The renovated building features the Looney Bin comedy club Thursdays through Saturdays. O T H E R C O M P L E T E D P R O J E C T S 2014 Live at 215 Performance Theater 28 The LUX 20 million The LUX is the redevelopment of the former Kansas Gas Electric Building. The project is a mixed-use development offering office residential venue space and luxury terraces overlooking the Citys skyline. The first and second floors of the seven-story building offer office space while the top five floors house apartments - totaling 86 units. Unit amenities include washer and dryer unique energy efficient lighting and free wireless internet access. The LUX has developed a unique sense of community and place in Downtown Wichita while keeping true to the buildings original 1950s character. The LUX anticipates being the first commercial building in Wichita to achieve LEED Gold Certification. WaterWalk Hotel Apartments 10 million With lifestyle amenities of an apartment and features of an extended-stay hotel WaterWalk Hotel Apartments at 411 W. Maple offers a new concept in Downtown living. The property offers both furnished and unfurnished one two or three bedroom apartments with flexible leases for an all inclusive lifestyle option. The two buildings on on the West bank of Arkansas River and adjacent to the Wichita Ice Center and Lawrence-Dumont Stadium are comprised of 133 units with rates starting at 900 a month. Kitchens feature rich brown cabinetry a range garbage disposal and refrigerator. Every apartment is equipped with a stackable washer and dryer. Corner 365 NA Garvey Center owner Builders Inc has constructed 36 new one and two bedroom apartments at the corner of First and Waco. This new project has transformed the prominent intersection and will be a catalyst for further development along the First Street corridor. Units feature stainless steel appliances secured accesss parking and a gated outdoor tenant patio. Rock Island Lofts NA The former Grant-Billingly building at 143 N. Rock Island was used as office and warehouse space for the Grant-Billingly fruit company. In 2014 it was transformed into eight upscale lofts six are two-level above three retailoffice spaces. The lofts range from 600-1720 SF with rents starting at 900 per month. The retailoffice spaces range from 1000-4000 square feet. C O M P L E T E D R E S I D E N T I A L P R O J E C T S 2014 29 B U I L D Parking at Market William Renovation 9.68 million The Wichita City Council has approved a plan to renovate the former Macys Garage at 215 S. Market which the City gained ownership of in November 2013. The repairs will stabilize the structure and will open all nine floors and 550 spaces of the garage. The now named Parking at Market William Garage will benefit nearby businesses and the public. Fences surrounding the garage will be removed when construction is finished opening up the closed traffic lanes on Market and William. Commerce Street Arts District Parking 950000 In December 2014 the City Council approved the overall concept design for the Commerce Arts District including arts and aesthetic improvements as well as the proposed streetscape improvements to Commerce and St. Francis Streets south of Waterman. The first phase will construct additional public parking between the railroad and the east facade of the buildings along Commerce Street and an access drive. These additions will provide much needed circulation improvements. Mosley Avenue Streetscape Improvements 1.6 million The Mosley Avenue corridor from 2nd Street to 3rd Street and Rock Island to one-half block north will be reconstructed as brick streets and sidewalks with amenities and on-street parking consistent with the design of the other streets in Old Town. Ornamental lighting landscaping benches trash receptacles and bicycle racks will all be installed as part of the project. The project will add approximately 33 on-street parking stalls and significantly improve the walkability for these corridors north of 2nd Street. Douglas Avenue - Streetscape Development 6 million In 2011 the City approved a new plan led by community input for transit and streetscape improvements along the core of Douglas Avenue from Main to Washington Streets. Phase One design focuses on the addition of transit shelters added streetscape amenities and improved pedestrian way-finding signage. Phase One funding of 1.3 million has been secured and selected projects have been completed. Work is currently in progress for the balance of the initial phase. Water Street Lofts Approximately 9.5 million The Alvin E. Morris Administrative Center for USD 259 at 201 N. Water was recently acquired by Old Town developer Dave Burk who plans to repurpose the nine-story 96000 SF building into 90 apartments. The property includes an abundance of windows adequate parking for residents and beautiful views of the Arkansas River. Construction is not anticipated to start until 2016. 518-520 Commerce Street 3 million Craig Slawson of Colorado-based Slawson Energy has purchased three buildings along Commerce Street. The southernmost building will be used for commercial spaces the north building will hold 16 residential spaces two of which will be dual-story units with protected garage parking. The exterior design of 518-520 Commerce will promote connectivity with neighboring buildings. The Flats 324 Expansion 7 million With the continued redevelopment of the St. Francis Street corridor The Flats 324 located at St. Francis and Emporia in the historic Wichita High School has announced the construction of 60 new units in addition to the existing 68 units. Floorplans include one and two bedroom units ranging from 575-905 SF with rents projected to start at 700. 271 Building 15.7 million Renovations including remodeling architectural services and furnishings are planned for the former IRS Building at 271 W. Third to house multiple Sedgwick County offices. In 2014 the building was purchased for 4.9 million by the County. High Touch Technologies 1 million High Touch Technologies recently acquired the building that houses their Corporate Headquarters at 110 S. Main. Renovations include addressing deferred maintenance needs elevator updates as well as updating heating ventilation and air conditioning systems. 125 N. Market 5 million Ongoing renovations for the 19-story building include upgrading and refinishing the common areas and new spec office space on floors 11 12 14 and 17 and renovating the 19th floor as a reception and events area. Completed renovations consist of several infrastructure items including new chillers a new roof modernizing all elevator controls and repairing the walkway connecting the building to the adjacent Exchange Place property. R E S I D E N T I A L O N T H E H O R I Z O N Projects currently under construction or planning C O M M E R C I A L O N T H E H O R I Z O N Projects currently under construction or planning C I V I C O N T H E H O R I Z O N Projects currently under construction or planning Merrill Lynch Building 30 D O U G L A S A V E N U E D E V E L O P M E N T O N T H E H O R I Z O N Douglas Avenue is the postcard avenue of Wichita. It has seen tremendous investment since the implementation of Project Downtown in 2010. As 2015 commences seven major projects totaling over 180 million are planned along the prominent corridor. Once complete these projects will not only enhance previous projects but will also transform the way residents workers and visitors experience Downtown. Plans for a new Central Library located at Second and McLean call for an increase in square footage from 89000 to 95000 and will include community meeting rooms with seating for up to 300 people. Technology will include over 100 computers and charging stations which will be available for public use. The second design phase has been funded and is currently underway. 1 Central Library Advanced Learning Center 3 0 M I L L I O N The Hole on Douglas Ave will be transformed into a Pop-Up Urban Park through a grant from the Knight Foundation Fund of the Wichita Community Foundation. The site is planned to be activated daily with food truck vendors and other public activities. 5 Pop-Up Urban Park 1 4 6 0 0 0 G R A N T F U N D I N G Bokeh Development is renovating the former Merrill Lynch Building at Douglas and Market in preparation for potential tenants. Tentative plans are to divide the first floor into two separate office spaces. The second floor will have eight or nine offices between 300 and 600 SF with a shared conference room coffee bar and workout center. Facade improvements will also be included in the restoration. 6 Merrill Lynch Building N A Renovation of one of Downtown Wichitas most iconic buildings is underway. Occidental Management identified 54 million of redevelopment and expansion projects for the Downtown Union Station campus which includes the Wichita Historic train station Union Station Rock Island depot and baggage facility and the former Wichita Grand Hotel. Plans include updating the four existing buildings on the campus and also an additional 150000 SF of new space through two newly constructed buildings and the expansion of an existing building. The redevelopment efforts will also provide a new parking garage that can house first floor retail. Additionally over five acres of public space will include streetscape improvements and a redeveloped plaza area that fronts Douglas Avenue. 7 Union Station 5 4 M I L L I O N The 38.4 million mixed-use River Vista project on the west bank of the Arkansas River has been finalized and approved by City Council. Plans include a 154-unit apartment project parking garage and future phase commercial development. The City of Wichita with the utilization of STAR Bonds has committed to make improvements to the riverfront and adjacent Delano Park. In addition the project includes a Boats and Bikes rental facility that will be used by area rowing groups and also offer public boat and bike rentals. 2 River Vista 3 8 . 4 M I L L I O N INTRUST Bank is renovating its Downtown headquarters at 105 N. Main. This multi-million dollar investment will provide updates to the 90-year-old building. Improvements include work on office and customer areas the installation of new heating and air conditioning equipment and extensive updates to interior finishes. 3 INTRUST Bank Renovations N A The developer of the historic Exchange Place and Bitting Building is taking steps towards finalizing over 66 million in redevelopment plans. The proposed project will offer 230 residential units office and retail space in the two buildings as well as a new parking garage in the adjacent non-developed Douglas Avenue frontage. This project will be transformational to the Douglas Avenue corridor. 4 Exchange Place 6 6 M I L L I O N Downtown SSMID District Development Project For a full listing of Downtown development projects and descriptions visit DowntownWichita.org SYCAMOREST MCLEAN BLVD ARKANSASRIVER OAKST OSAGEST DOUGLAS AVE MAPLE ST WICHITAST WATERST WACOAVE MAINST TOPEKAST MARKETST EMPORIAST BROADWAYST ST.FRANCISST MEAD ROCKISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND 1ST ST DOUGLAS AVE 3RD ST CENTRAL AVE 2ND ST WILLIAM ST ENGLISH ST WATERMAN ST LEWIS ST DEWEY ST KELLOGG US 54 INTRUST Bank Arena Century II Performing Arts Convention Center 2 3 6 75 4 1 WDDC 31 W D D C C R E AT E D I N 2 0 1 4 T H AT F U R T H E R D E V E L O P D O W N T O W N W I C H I TA 22 2policiesA W A R D E D F O R T W O G R A N T S I N 2 0 1 4 22 221000 R E C E I V E D I N 2 0 1 4 F O R P R O J E C T D O W N T O W N I N I T I AT I V E S 22 2awards The Wichita Downtown Development Corporation WDDC was launched in 2002 to revitalize and enhance the City center. The WDDC works closely with the private sector and local government to stimulate new investment and interest in Downtown Wichita. By strengthening Downtown Wichita we are creating a vibrant economic region and state. Keeper of the Plains wichita.gov 32 M I S S I O N V I S I O N S TAT E M E N T The Wichita Downtown Development Corporation WDDC was launched in 2002 to revitalize and enhance the City center. The WDDC is a private 501c3 not-for-profit corporation that works closely with the private sector and local government to stimulate new investment and interest in Downtown Wichita. The mission of the WDDC is to direct a comprehensive economic development program to strengthen Downtown as The heart of the city for all citizens An active and prosperous place for businesses and employees A center for artistic and cultural experiences and A vibrant urban environment for residents workers and visitors. The WDDC is governed by a 25-member Board of Directors who represent Downtown business and property owners. The WDDC contracts with the City of Wichita to provide Downtown development services. The contract is funded through a Self Supported Municipal Improvement District SSMID that encompasses the geographic area bounded by Washington Ave. Central Ave. Kellogg Ave. and the Arkansas River. The WDDC Board of Directors employs a professional staff who can assist entrepreneurs developers and property owners to evaluate and plan a range of investment decisions. The WDDC can help to identify prospective business locations provide market data evaluate opportunities for new retail and service businesses develop marketing and promotional strategies and assist with conceptualizing and implementing construction projects. Downtown Wichita is under transformation and we are excited to be a part of it. Resources provided by the WDDC help guide public and private investment which makes Downtown Wichita a better place to do business. Not all cities have a resource like the WDDC and the community is fortunate to have them. Bryce Baker Vice President of Security National Life Insurance Co. Wichita Riverfest wichitariverfest.com Photo credit Debbie Greene 33 W D D C SYCAMOREST MCLEANBLVD ARKANSASRIVER OAKST OSAGEST DOUGLAS AVE MAPLE ST WICHITAST WATERST WACOAVE MAINST TOPEKAST MARKETST EMPORIAST BROADWAYST ST.FRANCISST MEAD ROCKISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND 1ST ST DOUGLAS AVE 3RD ST CENTRAL AVE 2ND ST WILLIAM ST ENGLISH ST WATERMAN ST LEWIS ST DEWEY ST KELLOGG US 54 INTRUST Bank Arena Century II Performing Arts Convention Center Lawrence-Dumont Stadium Self Supported Municipal Improvement District SMMID WDDC Offices The WDDC contracts with the City of Wichita to provide Downtown development services. The contract is funded through a Self Supported Municipal Improvement District SSMID. Property owners within the SSMID pay an additional property tax mil levy. The SSMID boundaries are Washington Street Central Avenue Kellogg and the Arkansas River. The WDDC has leveraged the SSMID funding with grant funding and private contributions totaling 514577.67 from 2009-2014. D O W N T O W N S S M I D 22 Gary Schmitt Chairman I N T R U S T B A N K Alan Banta T R A N S PA C I F I C O I L C O R P. John Belford B E L F O R D E L E C T R I C Jim Faith E M P R I S E B A N K Dick Honeyman H I T E FA N N I N G H O N E Y M A N L L P Don Sherman W E S TA R E N E R G Y Larry Weber G A R V E Y C E N T E R Mary Wright O L D M I L L TA S T Y S H O P Rod Young P R O F E S S I O N A L E N G I N E E R I N G C O N S U LTA N T S P. A . Ex Officio Position Jeff Fluhr W I C H I TA D O W N T O W N D E V E L O P M E N T C O R P. T O P W D D C E X P E N D I T U R E S From income including SSMID funding private contributions and grants 2 0 1 5 S S M I D A D V I S O R Y B O A R D M E M B E R S Expenditures 10 Design Innovation Center Initiatives 9 Project Downtown Initiatives 4 Other 3 Professional Services 58 Personnel 15 Office Misc. 34 W D D C B O A R D O F D I R E C T O R S EXECUTIVE COMMITTEE Bill Livingston Chairman G L M V A R C H I T E C T U R E Greg Boulanger Vice Chairman C A R G I L L Jim Faith TreasurerSecretary E M P R I S E B A N K Sam Williams Immediate Past Chairman S U L L I V A N H I G D O N S I N K R E T I R E D COMMITTEE CHAIRS Business Development Gary Schmitt I N T R U S T B A N K Urban Vitality Tom Docking M O R R I S L A I N G E V A N S B R O C K K E N N E D Y C H A R T E R E D Image Enhancement and Marketing Susan Berglund Santo V I S I T W I C H I TA C O N V E N T I O N V I S I T O R S B U R E A U Finance Jim Faith E M P R I S E B A N K BOARD MEMBERS Steve Anthimides AT H E N A J E W E L R Y Bryce Baker S E C U R I T Y N AT I O N A L L I F E I N S U R A N C E C O . Alan Banta T R A N S PA C I F I C O I L C O R P Clay Bastian F I D E L I T Y F I N A N C I A L C O R P. John Belford B E L F O R D E L E C T R I C Wayne Chambers H I G H T O U C H I N C . Cindy Claycomb W I C H I TA S TAT E U N I V E R S I T Y Steve Coen K A N S A S H E A LT H F O U N D AT I O N Shelia Cole C O U R T YA R D B Y M A R R I O T T Marilyn Grisham T H E F I B E R S T U D I O Dick Honeyman H I T E FA N N I N G H O N E Y M A N Joe Johnson S C H A E F E R J O H N S O N C O X F R E Y A R C H I T E C T U R E Tom Johnson N A I M A R T E N S Joel Kelley C A B L E C O M I N C . John OLeary A I R B U S A M E R I C A S E N G I N E E R I N G I N C . Don Sherman W E S TA R E N E R G Y Larry Weber G A R V E Y C E N T E R Mary Wright O L D M I L L TA S T Y S H O P Rod Young P R O F E S S I O N A L E N G I N E E R I N G C O N S U LTA N T S P. A . EX OFFICIO MEMBERS Scott Knebel C I T Y O F W I C H I TA P L A N N I N G D E P T. Janet Miller C I T Y O F W I C H I TA C I T Y C O U N C I L Gary Plummer W I C H I TA M E T R O C H A M B E R O F C O M M E R C E Shelly Prichard W I C H I TA C O M M U N I T Y F O U N D AT I O N Richard Ranzau S E D G W I C K C O U N T Y C O M M I S S I O N Susan Berglund Santo V I S I T W I C H I TA C O N V E N T I O N V I S I T O R S B U R E A U John Schlegel C I T Y O F W I C H I TA M E T R O P O L I TA N A R E A P L A N N I N G D E P T. Lavonta Williams C I T Y O F W I C H I TA C I T Y C O U N C I L Denotes Past WDDC Chairman W D D C S TA F F Jason Gregory E X E C U T I V E V I C E P R E S I D E N T Jaimie Zellner V I C E P R E S I D E N T O F C O M M U N I C AT I O N S Andy Kim D E S I G N C O M M U N I C AT I O N S P E C I A L I S T Nancy Moore A D M I N I S T R AT I V E A S S I S TA N T Jeffrey Fluhr P R E S I D E N T P R O J E C T D O W N T O W N It is a milestone weve worked together as a community to achieve. The plan focuses on key areas of our Downtown illustrating the potential that the community has to grow. The plan has overwhelming support from the private and public sectors. A blueprint for our future it benefits the public and private sector when making decisions being strategic with public sector investment so we as a community maximize private sector investment. Project Downtown was unanimously adopted by the Wichita City Council in 2010 and continues to help shape our Downtown. D O W N T O W N D E S I G N I N N O V AT I O N C E N T E R The Downtown Design Innovation Center is a partnership between the WDDC and the City of Wichita to assist developers with gaining access to the resources necessary to make Downtown redevelopment projects happen. The Design Innovation Center also serves as a living room for the community to gather where countless conversations can be had and ideas can be shared. As a physical space it is intended to be a creative outlet and a place to showcase Downtowns development activity and foster quality urban design. The center was funded by the John S. and James L. Knight Foundation the Wichita Community Foundation and private partners. Learn more about the Design Innovation Center and the education programs at downtownwichita.org. 35 W D D C W D D C E C O N O M I C R E S E A R C H The WDDC remains committed to providing accurate pertinent information for the Downtown area. One such example is the updated residential analysis that Zimmerman Volk provided this past year. The WDDC will continue to contract with market sector economists and experts to ensure investors have the critical data needed to make informed decisions. This State of Downtown Report is updated annually. Its intent is to provide timely U.S. Census Data and local market information and trends. Working in partnership with the City of Wichita Sedgwick County and Wichita States Center for Economic Development and Business Research CEDBR we are able to provide this updated report to assist the public and private sectors with strategic investment decisions. W D D C I N V E S T O R A S S I S TA N C E It had been five years since Laurie Volk ZimmermanVolk Associates had released her initial housing study for Downtowns residential market. Her research provided market potential analysis for Project Downtown The Master Plan for Wichita. When it was first released some were hesitant to believe that Downtown could absorb 1000 units over the next five to seven years and were also wary of the price points that were forecasted. Fast forward five years. We were pleased to see that her projections for Downtowns residential market were spot on and that we have added 428 new units since 2010 with an additional 550 under or soon to be under construction. Given the development activity since her initial study the WDDC felt that it was appropriate to update the initial forecast to understand if the market potential had changed since the initial report was released. In July 2014 the WDDC released Zimmerman Volks updated residential market study. It showed that the market potential had strengthened. The updated study took into account all projects that were currently under construction or in phases of planning and projected that Downtown could absorb 1750 units in addition to those already known over the next five to seven years. The study was funded through multiple partners INTRUST Bank Fidelity Bank Emprise Bank Commerce Bank Market Place Properties Bokeh Development Slawson Companies and Security National Life Insurance Co. W D D C A D V O C A C Y The WDDC has an active role in the area of advocacy. The organization works in partnership with entities such as the City of Wichita Friends of Historic Preservation Visit Wichita and the Chamber of Commerce on various legislative initiatives. Regularly the organization works with the City Council on projects within Downtown Wichita providing economic data or testimony of how a project will further the implementation of Project Downtown The Master Plan for Wichita. W D D C E D U C AT I O N A L E N G A G E M E N T Since 2011 Westar Energy has sponsored a summer design internship position at the WDDC for upper level college students in the fields of design and urban planning. The 2014 Design Intern was Ms. Rachel Fox who is a candidate for a Masters degree in Landscape Architecture at Kansas State University. Rachel has a passion for urban design and was able to assist with multiple projects throughout the summer. Brad Segal fuelthefirespeakerseries.com Project Downtown The Master Plan for Wichita was implemented in 2010. Since then the plan itself its implementation and the WDDC have been the recipients of a multitude of awards and recognitions. These awards signify the strength of the plan and Wichitas commitment to building a more vibrant Downtown for the region. 2014 International Downtown Association PINNACLE AWARD Evolving to Maximize Development Public Relations Society of America CLARUS AWARD 2013 State of Downtown Report 2013 Kansas Chapter of the American Planning Association NEW HORIZONS AWARD 2011 International Downtown Association PINNACLE AWARD A Downtown by Partnerships Kansas Chapter of the American Planning Association PIONEER AWARD 2010 Prior to Project Downtown International Downtown Association MERIT AWARD Tallgrass Film Festival International Downtown Association MERIT AWARD Where to Park 36 W D D C C O M M U N I T Y E N H A N C E M E N T Douglas Avenue Underpass The WDDC received a 75000 grant from the John S. James L. Knight Foundation to derive design concepts for the Douglas Avenue Underpass. The design team was led by LK Architecture along with other local artists and design professionals. A series of public input workshops were held in addition to online surveys that were utilized to garner feedback for the design from the community. The final designs revealed in August 2014 addressed lighting pigeon mitigation and the inclusion of art and technology in the space. The design provides a necessary vision that would revitalize this historic structure from its current state into an inviting gateway into Downtown. These plans are currently being used to help secure funds to implement the project. Pop-Up Urban Park In 2014 the WDDC applied for and received a grant from the John S. James L. Knight Foundation to transform the literal hole on Douglas Avenue into a temporary pop-up urban park. The goal of the project is two-fold 1 to fill in the existing hole and introduce temporary site amenities which will improve the aesthetics of the area and streetscape and 2 to activate the park with programmed activities and services. Introducing food trucks during the lunch hour will be a primary driver of activity to the site. The anticipated increased activity and proposed aesthetic improvements will add vibrancy to the area and optimistically change the communitys perceptions about the site and future development potential. The project is scheduled for completion in the summer of 2015. Fuel the Fire Speaker Series In an effort to further engage the community the WDDC in partnership with the Wichita Community Foundation and the Wichita Metro Chamber of Commerce produced the Fuel the Fire Speaker Series. The series focused on the ever changing demographics and community trends as they relate to the recruitment and retention of a talented workforce. The conversation was timely for Wichita and featured keynote addresses from Carol Coletta VP of Community and National Initiatives for the Knight Foundation James Chung President of Reach Advisors and Brad Segal President of Progressive Urban Management Associates. Each spoke about national trends and various initiatives cities are undertaking to remain competitive for the future. All stressed the importance of working together as a region and the further investment in our community to increase the talent opportunity and quality of place for our citizens. A W A R D S 22 Annual Downtown Clean Up The WDDC hosted its annual Downtown Clean Up event in partnership with the City of Wichita Public Works and Parks Recreation Departments. Over 120 volunteers assisted with various tasks and trash pick up all of which help beautify Downtown. This event would not be possible without the efforts of those who give back to their community. Community Event Funding The WDDC also sponsors multiple Downtown events and initiatives. In 2014 the WDDC provided 9750.00 in sponsorships. In addition WDDC staff assisted the Komen Race for the Cure event with its anticipated move to Downtown. The Race celebrated its 25th Anniversary with the move and was a welcome new event to the district. It is imperative that we all continue to work together to move our City to the next level. Working with the WDDC in coordination with the City to increase parking and improve traffic circulation in the Commerce Street Arts District has allowed us the opportunity to see Project Downtown in action and how it drives strategic development choices. David Farha Managing Partner of The Finn Lofts 37 W D D C Community Outreach The WDDC communications staff works in partnership with the public and private sector to develop and implement strategies to creatively communicate the vision outlined in Project Downtown as well as progress on development initiatives. The communications staff produces WDDC public presentations manages social media and maintains the WDDC website downtownwichita.org. Other duties include brand management graphic design and special events and email marketing to encourage on-going promotion of Downtown events efforts and initiatives including 2nd Saturday and Final Friday. Currently the WDDC Marketing and Communications staff is working to increase community outreach through business presentations exploring ways to connect with the Downtown residential population and redeveloping select marketing materials to better highlight the many unique Downtown businesses. Digital Marketing In 2014 24 presentations were provided to local regional and national organizations. Downtown Development Emails were sent out approximately every 6-8 weeks with an average open rate of 32.3422 and an average click through rate of 15.7.22 The national average for open rates a for non-profit is 32.0724 and the average click through rate is 7.94.22 Over 50 Downtown Weekly Event Emails and Special Event Emails were published with an open rate of 27.3.22 Public Parking Garage Branding The WDDC City staff and officials and stakeholders worked with local creative agency Lifeboat Creative to design and implement a process for naming City-owned public parking garages. The process rebranded the former Macys Garage as Parking at Market William which will assist visitors to quickly find and access the garage. W D D C M A R K E T I N G C O M M U N I C AT I O N S RFP Process In June 2014 the City of Wichita adopted a new policy for disposing of City owned real property. The policy sets in place the procedures by which the City will dispose of real property by establishing three distinct approaches based on the type of classification of the identified real estate. The classifications are as follows Surplus Real Estate Conditional Real Estate and Request for Proposal RFP Real Estate. The WDDC staff worked with City staff and contracted with Sarah Woodworth of W-ZHA Project Downtown contributor of commercial market data and other stakeholders on the new policy. Old Town Entertainment District The City of Wichita adopted a new ordinance designating Old Town as an Entertainment District. This award-winning neighborhood has been over twenty-five years in the making and is the culmination of partnerships between the public and private sectors. Its adaptive reuse of historic warehouse buildings mix of uses and offerings including entertainment continue to make it a destination for visitors across the region. However with much success also come challenges. Large groups of people often attract unwanted activities. Now being designated and Entertainment District the City and Wichita Police Department have the authority to enact certain provisions such as heightened penalties for unwanted behavior. This new policy helps ensure that Old Town will continue to be a safe and thriving neighborhood for citizens. P U B L I C P O L I C Y The marketing support provided by the WDDC was invaluable when The LUX entered the Downtown market. The highest click to purchase users were spurred directly from their website. Thanks to efforts by the WDDC we know with certainty that they are driving potential renters to our property. Michael Ramsey Developer of The LUX 41 Increase22 I N S TA G R A M Downtown Wichita 0 700 1311 12 14 620 439 250 NA Year Followers 49 Increase22 T W I T T E R downtownwichita 0 9000 1311 12 14 1925 3184 5849 8698 Year Followers 26 Increase22 FA C E B O O K Downtown Wichita 0 2400 1311 12 14 838 Year Likes 1234 2265 1792 38 Wichita Downtown Development Corp. downtownwichita.org Wichita Downtown Development Corporation 507 East Douglas Wichita KS 67202 P 316.264.6005 F 316.264.0869 Stay informed on events and developments in Downtown Wichita. Join our email list - text DTWICHITA to 22828 downtownwichita.org Downtown Wichita I N F O R M AT I O N S O U R C E S 1. U.S. Census Bureau 2009-2013 American Community Survey 5-Year Estimates. Downtown census data is for zip code 67202. 2. The 2010 U. S. Census states the population in the 67202 area code is 1393. Per WDDC records 428 rental units have opened in the Downtown SSMID district in since 2010 when the Census was taken. Per the U.S. Census Bureau 2009-2013 American Community Survey 5-Year Estimates the average size of renter- occupied units is 1.12 persons. Therefore an estimate for the current population is approximately 1872. 3. Total investment amount includes all public private and Area investment located in the Downtown SSMID district. See number 4 for all sources of investment data. See page 8 for total dollar amount of individual investment areas. 4. Private investment includes data from the following sources Sedgwick County property sales data - Sedgwick County Appraiser Sedgwick County and City of Wichita building permit data - Metro Area Building Construction formerly Office of Central Inspection. Private investment totals are for the years 2005 - 2014 only for the Downtown SSMID District shown on map on page 33 - Central to Kellogg Washington to the Arkansas River. Historic Tax Credits Includes both State and Federal Credits - Kansas State Historical Society. Note All public investment that is reflected in private investment i.e. items that include the public purchase of land andor building permits for work on publicly owned property has been deducted from private investment figures to avoid double counting investment. Public investment includes data from the following sources City of Wichita CIP Streets bridges public buildings public improvements parks stormwater maintenanceTax Increment Financing TIF - City of Wichita Facade Improvement Program - City of Wichita HOME Program Investment - Wichita Housing and Community Services CDBG funds - Wichita Housing and Community Services and Public Building Commission funding. Community Improvement District CID - City of Wichita This is based on the year the tax was collected. Public investment totals are for the years 2005 - 2014 only for the Downtown SSMID District shown on map on page 33 - Central to Kellogg Washington to the Arkansas River. Public investment for INTRUST Bank Arena - Sedgwick County. INTRUST Bank Arena funding during these years constitutes a larger portion of the public investment value. However Arena funding is included over years 2005-2014 per Sedgwick County. Yearly INTRUST Bank Arena funding- 2005 645806 2006 5779067 2007 18575958 2008 74376927 2009 81758743 2010 7331622 2011 1624192 2012 285281 2013 250000 2014 0. Public investment totals for the Sedgwick County Arena are for the years 2005 - 2014 only. 5. Information provided by Sedgwick County Appraiser and Sedgwick County Department of Finance 6. Council for Community and Economic Research Cost of Living Index 2014 Annual Average Vol. 47 No. 4. 7. U.S. Census Bureau OnTheMap Application and LEHD Origin-Destination Employment Statistics Beginning of Quarter Employment 2nd Quarter of 2011. Totals may not add up 100 due to rounding. Annual earnings are based off of monthly income. 8. Central Business District. J.P. Weigand Sons Inc. Forecast 2015 9. Visit Wichita Convention Visitors Bureau 10. Wichita Business Journal Book of Lists Vol. 29 No. 52 Published December 26 2014 11. Smith Travel Reports W-ZHA LLC. Year 2010 is not included in the data report because of the Drury Plaza Hotel Broadview going off the market for renovations. A minimum of four hotels is required for data sample. Historical data may be changed by individual hotels due to deadlines data collection distribution deadlines etc. which may cause a change in the overall yearly data. Therefore the yearly data provided by STR that was published in WDDCs 2012 Downtown Economic Report published May 2013 and WDDCs 2013 State of Downtown Report published May 2014 may not match the yearly data published in this report or any future reports. 12. Wichita Festivals 13. City of Wichita Division of Arts Cultural Services 14. Wichita Orpheum Theater 15. INTRUST Bank Arena 16. In WDDCs 2012 Downtown Economic Report published May 2013 attendance for 2011 was printed incorrectly as 27931. The correct attendance should have been 14983 as printed in this report. 17. In WDDCs 2012 Downtown Economic Report published May 2013 attendance for 2012 was printed incorrectly as 25966. The correct attendance should have been 10749 as printed in this report. 18. ReferenceUSA Government Division. Data compiled by CEDBR March 2015. 19. U.S. Census Bureau 2010 Decennial Census 20. Wichita State University Center for Economic Development and Business Research Economic Impact Analysis for INTRUST Bank Arena 5 years 2010 - 2014. Data provided to WSU CEDBR from INTRUST Bank Arena an SMG Managed Facility. In the five-year summary economic impact it is assumed that total local and visitor attendance is similar to the percentages of actual ticket sales. 21. Wichita State University Center for Economic Development and Business Research Economic Impact Analysis for George Strait concert at INTRUST Bank Arena in 2014. Data provided to WSU CEDBR from INTRUST Bank Arena an SMG Managed Facility. 22. WDDC 23. WDDC Occupancy recorded from individual property managers and owners for rental units that came online since 2010. 24. Constant Contact Nonprofit - Other business type httpsupport2.constantcontact.comarticlesFAQ2499 All Census Data was provided by Wichita State University Center for Economic Development and Business Research CEDBR