Transcript
Welcome to the CEO Summit
Chapel Hill-Carrboro
Chamber of Commerce
Thank you to our lunch sponsor
WELCOME AND INTRODUCTIONS
Chapel Hill-Carrboro Chamber of Commerce
ECONOMIC UPDATE
Percent Renter-Occupied
61.5%
35.9%
52.4%
18.1%
0% 10% 20% 30% 40% 50% 60% 70%
Carrboro
Hillsborough
Chapel Hill
Rest of Orange County
U.S. Census Bureau
Number of Homes Sold in Orange County
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
1886
1,126
1628
Orange County Average Sales Price
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000
$320,000
$340,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
$262,920
$342,740
$319,229
$327,758
Chapel Hill-Carrboro School District Median Sales Price per Sq Ft
Triangle Multiple Listing Service
164
160 157
154
149 146
153
135
140
145
150
155
160
165
170
2007 2008 2009 2010 2011 2012 2013
2013 Average Home Price by County
Triangle Multiple Listing Service * 2012
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Durham Wake* Chatham Orange CHCCS
$201,255
$255,000
$320,212 $327,758
$369,606
Residential Building Permits
Home Builders Association of Durham, Orange, & Chatham * Through October 2013
47 28
111
0
100
200
300
400
500
600
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013*
Carrboro
Chapel Hill
Orange County (incl. Hillsborough)
Unemployment Over Time
5.8
4.3
6.7
4.6
10.9
7.0
-
2.0
4.0
6.0
8.0
10.0
12.0
Chapel Hill
Orange County
North Carolina
Chapel Hill Residents Employed
NC Department of Commerce
22,291
25,687
28,731
20,000
21,000
22,000
23,000
24,000
25,000
26,000
27,000
28,000
29,000
30,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan-14
Orange County Residents Employment
NC Department of Commerce
61,446
65,119
70,452
60,000
62,000
64,000
66,000
68,000
70,000
72,000
Unemployed Individuals
NC Department of Commerce
2,807
4,083
1,000
1,525
0
1,000
2,000
3,000
4,000
5,000
6,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Orange County Chapel Hill
Projected New Job Growth 2009-2014
153 266
736 259
1,845 2,045
124 481
185
0 500 1,000 1,500 2,000 2,500
Construction
Information
Prof/Scientific/Tech Services
Admin/Supp/Waste Mgmt Services
Educational Services
Health Care/Social Services
Arts/Entertainment/Rec
Accommodation/Food Services
Public Administration
NC Department of Commerce
Orange County Taxable Sales (Millions)
NC Department of Revenue
907.5 million
1.175 Billion
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013
Orange Co. Gross Sales Tax Collections
NC Department of Revenue
$32.47 Million
$56.14 Million
2012 Per Capita Income by County
U.S. Department of Commerce, Bureau of Economic Analysis
#1 $51,702 Orange #2 $50,697
Chatham #6 $44,839 Wake #11 $40,963
Durham $37,910 NC
0
10000
20000
30000
40000
50000
60000
Sales Tax Per Capita
$112.84
$170.35
$123.37
$170.72
$123.36
$184.80
$165.65
$197.87
$100.00
$120.00
$140.00
$160.00
$180.00
$200.00
$220.00
$240.00
$260.00
2011201020092008200720062005
ORANGE ALAMANCE CHATHAM DURHAM
John Locke Foundation
Sales Tax Per Capita Rankings
65
76
54
73
55 54
17
39
0
10
20
30
40
50
60
70
80
90
201120102008200720062005
ORANGE
ALAMANCE
CHATHAM
DURHAM
John Locke Foundation
2012 Retail Demand vs Retail Sales
$1.68 Billion
$950 Million
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$2,000,000,000
$2,500,000,000
$3,000,000,000
$3,500,000,000
Orange County Chatham Durham Alamance Johnston
2012 Total Retail Demand 2012 Total Retail Sales
NC Department of Commerce
2012 Retail Gap $728 Million
$236 Million
$376 Million
($154 Million)
$60 Million
($200,000,000)
($100,000,000)
$0
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
$800,000,000
Orange County Chatham Durham Alamance Johnston
NC Department of Commerce
2012 Retail Gap (Millions)
($212.0)
($250.0) ($200.0) ($150.0) ($100.0) ($50.0) $0.0 $50.0
General Merchandise Stores
Motor Vehicle and Parts Dealers
Food and Beverage Stores
Clothing/Accessories Stores
Gasoline Stations
Electronics & Appliance Stores
Sports/Hobby/Book/Music Stores
Health and Personal Care Stores
NC Department of Commerce
ECONOMIC IMPACT OF DEVELOPMENT STUDY
Report prepared by Joe Minicozzi, Urban3
$815,206/acre
$612,717/acre
$816,557/acre
$868,731/acre
$928,548/acre
$2,095,503/acre
$9,315,351/acre
$17,887,397
$13,723,183
$17,887,397
$21,265,851/acre
$23,932,268/acre
$34,435,262/acre
$52,007,048/acre
DEVELOPMENT
EPHESUS FORDHAM
Town of Chapel Hill
Ephesus Church Road
Elliott Road Extension
Fordham Boulevard
Franklin Street
Elliott Road
Legion Road
[ Ephesus Church- Fordham SAP ] Development Summary
Residential
Units
1,084 +/-
Office
368,000 +/-
Retail
258,000 +/-
Hotel
280,000+/-
*
GLEN LENNOX
Grubb Properties
Glen Lennox
1,500 Residential Units
600,000 SF Office
150,000 SF Retail
150 Hotel rooms
Concept Plan
Concept plan envisioned with community and created with careful attention to guiding principles
Master plan is a 50 year vision
Foresee multiple phases over 20 years Phases based on market conditions and approval of transportation improvements. First phase likely to be at NC-54 & Hamilton Road
15
-50
1
Process
Original Master Plan presented
2007
Community Forum
2008 2009 2010 2011 2012
Neighborhood Conservation District Petition Process
Glen Lennox Residents Meetings
NCD Development Committee Appointed
GP Vision Presentation #1
GP Vision Presentation #2
GP Vision Presentation #3
GP Vision Presentation #4
NCD Development Committee Meetings
Town Visioning Workshop
2013
NCD Approved (Rezoning)
Council Meetings on Dev Agmt
A for every meeting Grubb Properties participated in Chapel Hill meetings
Dev Agmt Technical Team Meetings
123 W. FRANKLIN
University of North Carolina
123 W. Franklin 300 Residential Units
120,000 SF Office
55,000 SF Retail
LLOYD FARM
The Design Response
Lloyd Farm
Lot Size (acres): 40.07
Building Size (square feet): 130500
This mixed use project contains multiple commercial buildings on multiple parcels, including an anchor grocery store and several outparcels.
It also includes a 293 unit residential apartment complex and a 15 unit townhome area.
It will be located at the corner of Old Fayetteville Road and Highway 54 on property historically known as Lloyd Farm.
OBEY CREEK
East West Partners
Obey Creek
404,525 sf Retail
226,250 sf Office
48,000 sf Community Activity
117,000 sf Hotel (140 rooms)
700 Residential (300 apartment, 100 condo/townhouse, 300 senior)
THE EDGE
The Edge
Address: 3000 Eubanks Road
Developer: Northwood Ravin (Durham)
Property owner: Park West Investors, Morris IV (Chapel Hill)
Acres: 53.8
Buildings: 18 to 24 buildings, 44 to 90 feet tall
Residential: Between 400 and 700 units
Affordable housing: 50 units
Commercial: Between 140,000 and 475,000 square feet
Office: Between 60,000 and 395,000 square feet
Hotel: Between 100,000 and 200,000 square feet, 150-250 rooms
Open space: 33,591 square feet minimum
Zoning: Mixed-use Office/Industrial, Mixed-Use Residential
Current property value: Roughly $3.1 million
300 EAST MAIN
Main Street Properties
300 East Main
Phase 1 opened in August 2013. Along with the hotel, retail tenants open for business are Cameron's, Hickory Tavern and Womancraft. Two more restaurants are in the final stages of tenant upfit, and Main Street Partners expects to sign leases on the remaining two spaces in the coming weeks.
Phase 2 is under construction on the west edge by the railroad tracks and will open in fall 2014. It will include ground-floor retail/restaurant space and two floors of Class A office. Fleet Feet's corporate offices will occupy the entire 2nd floor and the Carrboro retail store will move to the ground floor of the new building from its current location in an older building on site.
SHELTON STATION
Belmont Sayre
Shelton Station
North Greensboro Street, Carrboro
2.64 acre site
119,000 total square-feet of commercial and residential space
The two-story, 24,000 square-foot commercial building facing North Greensboro Street will house retail and office space.
94 apartments
CAROLINA NORTH
University of North Carolina
Projected Development: First 800,000 square feet
Research Building One 225,000 sf Small Central Utility Plant 5,000 sf Law School 250,000 sf Research Building Two 120,000 sf Housing 200,000 sf
6
Collaborative Science Building & Infrastructure Phase 1/Central Utility Plant
Infrastructure………………………………. Design: June 2011 – May 2013
Construction: June 2013 – April 2014
Central Utility Plant……………………….. Design: July 2012 – Aug. 2013
Construction: Sept. 2013 – Jan. 2015
Collaborative Science Building……………. Design: March 2012 – Nov. 2013
Construction: Dec. 2013 – Nov. 2015
Regional Rail
Triangle Transit http://www.youtube.com/watch?v=PqijCS_B2U8
OUR PROMISES TO YOU
Chapel Hill-Carrboro Chamber of Commerce
Meg Branson
Senior Vice President, Chapel Hill-Carrboro Chamber of Commerce
We’re a membership organization that serves and
advances the business interests of our community
and builds a sustainable community where business
thrives.
We advocate for your business interests and the
interests of our local business community
We connect you with the people and information you
need to thrive
We help you save money
More choice, more value, and a stronger Chamber
Transitioning to Tiered Dues
Eight tiers of membership with different benefits and
different investments
Investments range from $30,000 to $489
Community Champions
Community Champions
• Community Champion Sponsorship • Logo on Chamber home page • Logo on Chamber letterhead & emails • Logo on Major Investors page & Annual
Report • Featured in “Connect the Dots” • 50 YPN registrations • 50% off Leadership & advertising
Community Investors
Community Investors
• Community Investor Sponsorship • Logo on Major Investors page & Annual
Report • Featured in “Connect the Dots” • 20 YPN registrations • 25% off Leadership & advertising
Community Leaders
Community Leaders
• Platinum Sponsorship • Logo on Major Investors page & Annual
Report • Featured in “Connect the Dots” • 10 YPN registrations • 15% off Leadership & advertising
Community Builders
Community Builders
• Gold Sponsorship • Logo on Major Investors page • Featured in “Connect the Dots” • 10 YPN registrations • 15% off Leadership & advertising
Join Us or Send an Employee
• Leadership Chapel Hill-Carrboro April 7-June 11
Join Us or Send an Employee
• Inter-City Visit to Athens, Georgia Sept. 21-23
Join Us or Send an Employee
• Executive Leadership Oct. 26-28 (Tentative)
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