Albuquerque s Innovation Corridor

NAIOP New Mexico Chapter January 27, 2014 Lunch Presentation Albuquerque s Innovation Corridor: Nob Hill to Old Town- Future Economic Development/Real Estate Engine? Sponsors: Bradbury Stamm-Construction PNM Resources Dekker/Perich/Sabatini REA-Real Estate Advisors Rosemont Realty Tierra West, LLC Wells Fargo President: Lynne Andersen- 505-345-6976 Note: The original presentation was in Power Point. This PDF is a significantly smaller file and contains the ideas, data and You Tube links for ease of viewing.

NAIOP New Mexico Chapter January 27, 2014 Lunch Presentation Panelists: Dale R. Dekker, AIA, AICP-Moderator Dekker/Perich/Sabatini, Ltd. Paul Silverman-Geltmore Jim Strozier, AICP-Consensus Planning David Silverman-Geltmore Cara Michaliszyn-UNM STC Bob Turner-Nob Hill Main Street Inc. Kurt Browning-Titan Development Closing Remarks: Gary Oppedahl-Economic Development Director City of Albuquerque President: Lynne Andersen- 505-345-6976

2013 2,100,000 +675,000 2038 2,775,000 BBER

2013 Bernalillo/Valencia/Sandoval/Santa Fe 1,055,000 +445,000 2038 1,500,000 +389,000 Population increase 1985-2010 BBER

Infrastructure and Human Capital LANL SNL

KAFB/AFRL Optics and Photonics

SS&TP

UNM STC

Anchor Institutions-R&D and Healthcare UNM UNMH/HSC

Anchor Institutions-Workforce Training

Los Alamos * Rio Rancho * * * * * Taos Santa Fe Albuquerque Los Lunas Belen +450,000 2013 Employed persons Employment Corridor

* priceless * * * Cultural Corridor

Drivers of Prosperity. Human Capital Infrastructure Quality of Place Innovation Brookings Institute: Metro Blueprint

Katz/Judie Woodruff interview about The Metropolitan Revolution - http://www.youtube.com/v/ncxqmjp93q8? version=3&start=0&end=129&autoplay=1& hl=en_us&rel=0 Note: Cut and paste URL into your internet browser or click on link in Order to view the You tube in its entirety.

New Mexico s government-financed jobs (direct and indirect) account for 31.9% of nonfarm payroll jobs. The national average is 19.2% Real private-sector jobs in New Mexico is 68.1% of the state s labor market. The smallest private sector percentage in the U.S. The national average is 80.8% In order to grow our New Mexico economy to the national average (without losing federal jobs), we need a total of 1,323,197 jobs or an additional 514,697 private jobs. We clearly need more private sector businesses that will employ more people and a larger population from which to draw the labor resource. NEW Private sector businesses need to be indigenous, organic and tied to the community. Wealth created from these jobs will create the investment capital that will fund the creation of entrepreneur driven businesses. The Innovation Corridor can and will do this

Innovation Corridor

Route 66 Innovation Corridor

Rio Grande 5.25 miles Washington Route 66 Innovation Corridor

Innovation Corridor

Multi-modal

BRT

Innovation Corridor

Cleveland BRT video - http://www.youtube.com/v/privdvgbjqm?v ersion=3&start=0&end=199&autoplay=1&h l=en_us&rel=0 Note: Cut and paste URL into your internet browser or click on link in Order to view the You tube in its entirety.

Innovation Corridor Districts

1. 2. 3. 4. Innovation Corridor

Route 66 Little Theater Country Club

Vinaigrette Bell Lofts Huning Castle Apartments Southwest Capital Bank Silver Moon Lodge

Anasazi Apartments/ Condos 3-D toy manufacturing Casitas De Los Colores New Downtown Grocery Silver Gardens Apartments Alvarado Transportatio Center Downtown

Pedestrian Connection West to East * This was identified as an impediment to connecting East and West Downtown and an at grade crossing at the railroad tracks needs to be explored.

Examples of At Grade Pedestrian Connections

Old ABQ High Lofts Standard Diner Artichoke Cafe Holy Cow Parq Central I-25 EDO

I-25 Vacant Land Sycamore

1000 Beds Casas del Rio School of Architecture & Planning Development Opportunity New Mixed Use Frontier Restaurant University

First lots platted and water tower built in 1916 by D.K.B. Sellers

Carlisle Urban The Place Outfitters Mixed Use Flying Star Satellite Nob Hill Scalos Mariposa Food Co-op Nob Hill

Carlisle Washington Art Antiques De Anza Redevelopment Co-working Offices O Niell s Pub East Nob Hill

Innovate ABQ

Metropolitan Revolution/Animated Video - http://www.youtube.com/v/i6peaad_avo?version=3& start=0&end=60&autoplay=1&hl=en_us&rel=0 Note: Cut and paste URL into your internet browser or click on link in Order to view the You tube in its entirety.

Innovate ABQ is A Highly-Connected Community, Where People Live, Work, Play A partnership among the University of New Mexico, the City of Albuquerque, and the County of Bernalillo Connecting with the Albuquerque s Entrepreneurial and Established Business Community through a business incubator, co-working space, training, mixed-use housing, office and retail, amenities and transportation. To create new companies, grow existing ones and attract more out-of-state business and individuals who will expand our ecosystem.

Innovate ABQ: Links technology, research, education, entrepreneurship, innovation, vibe With people students, graduates, young professionals, researchers, professors, attorneys, entrepreneurs, investors, artists, companies, and other industry experts In proximity to build synergies and leverage existing assets To provide entrepreneurial training and support at many levels. To create jobs and opportunities for the knowledge worker leading to a sustainable economy

Innovate ABQ

UNM Innovate ABQ Downtown Innovate ABQ

Credit: Paul Mares & Carlos Sabogal WESST VERGE Railyards Credit: UNM Fall Studio 401 Innovate ABQ District

Concept Plan-Mixed Use Retail Learning Incubator Residential Innovate ABQ

Credit: UNM Fall Studio 401 Innovate ABQ

Credit: Paul Mares Credit: UNM Fall Studio 401

Credit: Carlos Sabogal Credit: UNM Fall Studio 401

Credit: UNM Fall Studio 401

Opportunities

Land Use Transportation Economic Development Public Sector- UNM/COA/BC/MRCOG/EDA Coordination Cooperation Private/Public Partnership

Vacant Land Innovation Corridor

Drivers of Prosperity. Human Capital Infrastructure Quality of Place Innovation Entrepreneurs

160,000 +JOBS 2024 New Mexico Legislative Jobs Council Final Report

95% Private Sector 2024

100,000 +JOBS 2024

Albuquerque s Innovation Corridor