Perimeter CIDs Public-Private Partnerships That Improve The Market PCIDs Standard Template; Updated: Oct 03, 2013
What is a CID? CIDs in Georgia are created by the state legislature and adopted by local governments. They are quasi-governmental and self-taxing for purposes of infrastructure and other improvements in a defined geographic area. ONLY commercial property owners pay the additional tax millage, not residents. PCIDs work cross- jurisdictionally with governmental partners: Brookhaven Dunwoody Sandy Springs, DeKalb County Fulton County State and Federal Agencies 2
Board of Directors John Heagy, Chair Central (DeKalb) Hines Steve Slifer, Chair UPS Kay Younglove, Vice Chair Jones Lang LaSalle William Baker General Growth Properties Diane Calloway, Vice Chair Specialized Title Services Pat Chesser South City Partners Dean Patterson, Treasurer Fairlead Commercial Real Estate David Canaday, Secretary Rubenstein Partners Bob Voyles, Immediate Past Chair Seven Oaks Company Alex Chambers KDC Real Estate Development & Investments Michael Grover Cox Communications John Lundeen Coro Realty Advisors Anne Lofye, Secretary Cox Communications Dean Patterson, Treasurer Fairlead Commercial Real Estate John Bell Regent Partners Tad Leithead Tad Leithead Advisors Don Mabry Simpson Housing Kris Miller Ackerman & Company
PCIDs Goal To Create a Thriving, Connected Live, Work and Play Center That is Attractive to Companies Considering Relocation and to Companies Currently in the Market
EVOLUTION OF THE MARKET Livable Center Sustainable Placemaking Congested Office District 1990s Suburbs/ Perimeter Mall early 1970s Farm Land 1960s I-285 Opened 1969 THEN & NOW 5
PERIMETER TODAY: CONNECTED Offers residents and visitors connectivity and choice. Central Perimeter Submarket (blue) Access to amenities like transit, shopping, dining and much more make the market an attractive choice for small businesses and Fortune 500 companies. M Pedestrian & Bike friendly Walkable access to 3 MARTA stations. 12 business-funded free shuttles and 13 hotel shuttles to and from MARTA stations. PCIDs Boundary 6
PERIMETER SUBMARKET STATISTICS 33 million-square feet of office space (total square footage comprises all office, office condominium, office loft, office medical, all classes and all sizes and both multi-tenant and singletenant buildings including owner-occupied buildings) 85% of market space occupied 10,458 companies 134,650+ employees $5.1 billion commercial real estate value Source: Balmoral Group 2015 7
PERIMETER: THE LOCATION OF CHOICE Both small businesses and Fortune 500 Companies call Perimeter home. Companies moving, expanding or renewing in the Central Perimeter market over the last few years include: Air Watch Arby s AutoTrader.com Children s Healthcare Cox Enterprises Crawford & Company Emory St. Joseph s Hospital First Data Corp. Focus Brands Hewlett Packard IBM IHG Mercedes Benz USA Newell Rubbermaid Northside Hospital Oldcastle State Farm T-Mobile UPS Verizon Wireless And many more! Sources: Balmoral Group 2015 8
Infrastructure Improvements Quality of Life Programs & Projects Investor Services I-285 at 400 Improvements GA 400 CD Lane System Perimeter Traffic Operations Program Lake Hearn @Peachtree Dunwoody Road Hammond Mid-Block Median Maintenance Perimeter Park @ Dunwoody MARTA Commuter Trails Shuttles Circulator GA 400 Trail Bicycle Strategy MARTA Station Master Plan Perimeter Connects o Shuttles o Vanpools o MARTA/GRTA passes o Alternate work schedules Perimeter Business Alliance o Research o Networking o Residential Component Investor Relations/Support Government Relations PCIDs Special Zoning
Improvements include: The project will provide enhancements to these roadways that improve safety and facilitate better traffic flow to accommodate the high volume of travelers passing through it each day. Those improvements include: About four miles of improvements beginning one mile west of Roswell Road and ending just east of Ashford Dunwoody Road on I-285 Roughly five miles of improvements from just south of the Glenridge Connector north to the Spalding Drive area on SR 400 Construction of barrier separated collector distributor lanes along I-285 and SR 400 to help reduce weaving, merging and accelerating/decelerating conflict Reconstruction of the Abernathy Road interchange Replacement of the bridge at Mt. Vernon Highway Reconstruction of existing ramps and bridges in the interchange area New flyover bridges What You Can Expect: First major improvement will be the Mt. Vernon bridge Access to all properties will be open during construction Contractors are required to keep local roads open to traffic by constructing the work in stages. It is likely that most of the work will be done at night 9:00pm 5:00am and during off-peak hours. Access to GA 400 and I-285, at all interchanges, will be open at peak commute times during construction The contractor will be restricted from lane closures on holidays and special events For updates visit 285at400.org
PARTNERSHIPS THAT WORK 13
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