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DEVELOPER WORKSHOP OCTOBER 18, 2011 Market Opportunities.

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Presentation on theme: "DEVELOPER WORKSHOP OCTOBER 18, 2011 Market Opportunities."— Presentation transcript:

1 DEVELOPER WORKSHOP OCTOBER 18, 2011 Market Opportunities

2 Moline and The Quad City Market

3 Souce: Quad Cities First www.quadcitiesfirst.com EmployerEmployees Rock Island Arsenal6,000-8,500 Deere & Company6,300 Group O Companies 800 Kone 450 United Healthcare 520 Mid American Energy1,025 Alcoa2,250 Trinity Regional Health System2,900 Genesis Regional Health System4,900 Major Employers with Potential Impact On Site Development

4 Developmental Context

5 History of Public/Private Investment Downtown Investment Private InvestmentPublic Investment Project CityStateFederal i-Wireless Center$6,745,427$15,821,930$20,000,000$800,000 Heritage Place$13,000,000$3,100,000$0 LeClaire Hotel$9,500,000$1,000,000$0 John Deere Commons$15,000,000$2,000,000$0 Riverfront Mixed Use$9,000,000$25,000,000$0 Heart of America$4,577,500$1,200,000$0 Watermark Corners$1,400,000$210,000$0 Caxton Block$5,500,000$825,000$0 Red Cross HQ$2,300,000$0 Quad City Rowing Club$750,000$0 J D Collectors Center$5,000,000$750,000$0 Fifteenth Street Stretscaping$0$763,000$0 Bass St Landing Public Imp.$0$5,250,000$0$3,000,000 Three Kings of Moline$510,000$90,000$0 Reliance Building$935,000$165,000$0 Stoney Creek Inn$6,200,000$3,800,000$0 Uniform Den$360,000$90,000$0 Gateway Lofts$1,800,000$183,064$0 Enterprise Lofts$12,000,000$200,000$0 KONE Tower$0 Washington Sq. Apartments$0$100,000$0$1,522,000 WIU Riverfront Campus Ph 1$0 $15,000,000$0 Indecco building$0$160,875$0 corner lot 17th St & River Dr$0$199,125$0 John Deere IT Parking$0$527,900$0 Amtrak Station$0$1,300,000$0 Hendricks property$0$1,365,140$0 JDC Riveredge$0 $454,900$0 River Drive Streetscaping - 25th St - 34th St$0 $838,357$0 Metro Transit Facility$0 $3,153,000 River Drive Reconstruction$0 $599,000 Police Station$0$12,010,143$0 United Health Care Parking Deck$0$4,480,032$0$600,000 Heritage Parking Deck$0$3,277,383$0 Midtown Parking Deck$0$7,601,712$0 RiverTech Boulevard Fifth Ave. Reconstruction Ph 1$0$1,601,800$0$960,000 $94,577,927$93,072,104$36,293,257$10,634,000 Total Investment$234,577,288 More than $300 million public/private dollars invested in more than 35 projects over the last 15 years.

6 Development Drivers: Visitors, Tourists and the Train

7 Population58410,778180,937380,829 Households2034,14375,625153,835 Avg Person Per Hshld 2.812.562.322.42 Median Hhld Income $30,822$42,166$48,151$51,378 Median Age30.132.138.039.0 Housing % Own28.6 %44.6 %58.1 %65.2 % Housing % Rent53.2 %42.7 %31.6 %26.5 % Employees/ Businesses 1,785/1207,428/612119,586/8,685195,518/15,848 Within ¼ MIWithin 1 MIWithin 5 MI Within the MSA Region Development Drivers- Market Area Populations

8 Development Drivers- Tourists and Visitors I Wireless Center John Deere Pavilion and Commons Centre Station Riverfront Bike Paths and Chanel Cat Taxi Business Travelers Education and University

9 Trends to Build Upon Public and Private sector commitment to Moline and downtown Moline. Growth and Development of Western Illinois University Downtown Campus; Entrepreneurial Corridor Proven strength of market: “Affordable” and market rate rental housing; loft and renovated housing in the downtown Hotels, particularly long term stay and moderate/first class downtown properties Daytime employee support for restaurants, specialty and service stores. Proximity of 5 th Avenue and River Drive restaurant/specialty corridor Medical/Professional office markets Embracing THE river Regional Sports (ASA Softball and iWireless) Strength of downtown market and activity The Train and the continued building of the city and the region

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