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The District Detroit 2018 update

Published by districtitadmin, 2018-09-25 11:28:41

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THE DISTRICT DETROIT 2018 UPDATE

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TABLE OF Contents PG. 4 A COMMITMENT TO DETROIT 3 PG. 5 ILITCH COMPANIES INVESTMENT IN DETROIT PG. 6 THE DISTRICT DETROIT EXPERIENCE PG. 7 WORLD-CLASS SPORTS AND ENTERTAINMENT PG. 8 DETROIT IS BOOMING PG. 9 CATALYZING NEW DEVELOPMENT IN DETROIT PG. 10 THE DISTRICT DETROIT MICHIGAN MADE DETROIT BUILT PG. 11 DEVELOPMENT DELIVERED PG. 12 LITTLE CAESARS ARENA PG. 13 MIKE ILITCH SCHOOL OF BUSINESS PG. 14 WELCOMING GOOGLE PG. 15 ENHANCED INFRASTRUCTURE PG. 16 STATE-OF-THE-ART PARKING PG. 17 DEVELOPMENT UNDERWAY PG. 18 HISTORIC RENOVATION PG. 19 CLASS A OFFICE SPACE PG. 20 LITTLE CAESARS WORLD HEADQUARTERS CAMPUS EXPANSION PG. 21 DYNAMIC SHOPPING AND DINING PG. 22 COMMUNITY IMPACT #DistrictDetroit | DistrictDetroit.com

A COMMITMENT TO DetroitLITTLE CAESARS MOVED ITS HEADQUARTERS FROM THE SUBURBS TO THE FOX THEATRE IN 1989 LITTLE CAESARS ARENA OPENED IN SEPTEMBER 2017LITTLE CAESARS ARENA IS HOME TO THE DETROIT PISTONS AND THE DETROIT RED WINGS COMERICA PARK HOSTS FIREWORKS EVERY FRIDAY NIGHTFrom the restoration of the Fox Theatre in the late 1980s to construction of the new Little Caesars Arena — the Ilitch companies have made investing in their hometown a trademark and 4continue to provide fun and memorable experiences to the people of the community they call home. We, together with a variety of public and private partners, are proud to be a part ofDetroit’s comeback story. INVESTING IN OUR HOMETOWN SINCE 1987#DistrictDetroit | DistrictDetroit.com

ILITCH COMPANIES INVESTMENT in DetroitONE OF LARGEST EMPLOYERS IN METRO DETROIT59 YEARS IN BUSINESSNEARLY 8,000 COMERICA PARK CONSTRUCTION BEGAN IN 1997COLLEAGUES WORKING IN DETROIT ILITCH COMPANIES HAVE NEARLY 8,000 COLLEAGUES$190 MILLIONIN CHARITABLE GIVING SINCE 2000 $3 BILLION THE FOX THEATRE BECAME A NATIONAL LANDMARK AFTER A $12 MILLION RESTORATION COMERICA PARK OPENED TO THE PUBLIC IN 2000 TOTAL INVESTMENT IN DETROIT The Ilitch companies, the businesses founded or purchased by Detroit entrepreneurs Mike and/or Marian Ilitch, all started with pizza, 5 once thought of as simply a snack food. But hard work and innovation grew one Little Caesars pizza store in a Michigan suburb into aINCLUDING AN INVESTMENT OVER world-class food, sports and entertainment organization. The Ilitch companies represent leading brands including Little Caesars, Blue Line Distribution, the Detroit Red Wings, Olympia Entertainment, the Detroit Tigers, Olympia Development of Michigan, Little Caesars$1.4 BILLION Pizza Kit Fundraising Program and Champion Foods. The organization also has a joint venture interest in 313 Presents. Additionally, Marian Ilitch owns MotorCity Casino Hotel. IN THE DISTRICT DETROIT #DistrictDetroit | DistrictDetroit.com

THE DISTRICT DETROIT ExperienceCONCEPTUAL RENDERING The District Detroit is a dynamic urban destination in the heart of Detroit. One that includes something for CONCEPTUAL RENDERING everyone — a dense neighborhood experience with a variety of 6 developments alongside Detroit’s premier sports and entertainment venues. Connecting downtown Detroit to growing nearby neighborhoods such as Midtown, Corktown and Brush Park, The District Detroit is having a dramatic economic impact on Detroit and is a driving catalyst of the city’s remarkable resurgence. The District Detroit represents over $1.4 billion in new investment in Detroit including the new Little Caesars Arena, the Mike Ilitch School of Business at Wayne State University and Little Caesars world headquarters campus expansion. Additionally, new office, residential and retail spaces will continue to add momentum to Detroit’s amazing comeback for years to come. OVER $1.4 BILLION IN NEW INVESTMENT SOMETHING FOR EVERYONE #DistrictDetroit | DistrictDetroit.com

WORLD-CLASS Sports and Entertainment 10 WORLD-CLASS SPORTS AND ENTERTAINMENT VENUES 4 TEAMS WITHIN FOUR BLOCKS 500+TOTAL GAMES AND SHOWS14 MILLION VISITORS ANNUALLY130,000+ Detroit is the only place in the country where four professional sports teams play within blocks of each other in the city’s downtown. 7 With world-class theaters, both large and small, alongside three multi-use sports and entertainment venues—The District DetroitCOMBINED SPORTS AND offers an exciting experience for sports fans, concert lovers and families right in the heart of the action. With unlimited attractions, THEATER SEATING new restaurants, local favorites, neighborhood shops, offices and residences are adding to this exciting new entertainment destination. #DistrictDetroit | DistrictDetroit.com

DETROIT IS BoomingIn the last five years, Detroit has made headlines for attracting new businesses, small start-ups and major retailers. The District Detroit is an important contributor to this 8resurgence. Billions of dollars in new investment have ignited new careers, grown Detroit-based businesses and created opportunities. We are committed to continuingthat success. AMERICA’S GREAT COMEBACK CITY#DistrictDetroit | DistrictDetroit.com

CATALYZING NEW DEVELOPMENT in Detroit DETROIT’S CATALYZED 200+UNEMPLOYMENT RATE OUTSIDE DEVELOPMENTS SINCE 2014LOWEST IN 16 YEARS, DURING PEAK OFLITTLE CAESARS ARENA CONSTRUCTION456% TAX GROWTH ~$2.8 BILLION 100+ NEW SINCE 2013 IN DDA DISTRICT IN OUTSIDE INVESTMENT SURROUNDING RESTAURANTS AND SHOPS LITTLE CAESARS ARENA ANNOUNCED IN DETROIT SINCE 2014 #DistrictDetroit | DistrictDetroit.com 9

MICHIGAN MADE Detroit Built$600 MILLION+ 10 IN CONTRACTS AWARDED TO DETROIT-BASED BUSINESSES $6 MILLION TO SKILLED-TRADES WORKFORCE DEVELOPMENT 20,000 CONSTRUCTION AND CONSTRUCTION-RELATED JOBS NEARLY 1,000 NEW APPRENTICESHIPS CREATED 3,000PERMANENT JOBS, 60% DETROITERS 64% CONTRACTS AWARDED TO DETROIT-BASED BUSINESSES #DistrictDetroit | DistrictDetroit.com

DEVELOPMENT DeliveredINFRASTRUCTURE MIKE ILITCH SCHOOL OF BUSINESS ENHANCEMENTS OPENED IN AUGUST 2018WELCOMED GOOGLE LITTLE CAESARS ARENA ENHANCED PARKING IN AUGUST 2018 OPENED IN SEPTEMBER 2017 CONVENIENT, FENCED AND WELL-LIT #DistrictDetroit | DistrictDetroit.com 11

LITTLE CAESARS Arena 2018SPORTS FACILITY OF THE YEAR AWARDED BY SPORTSBUSINESS JOURNAL 3 MILLION GUESTS IN THE FIRST YEAR 320 EVENTS IN THE FIRST YEAR 90% CONTRACTS AWARDED TO MICHIGAN-BASED BUSINESSES 16DESIGN AND CONSTRUCTION AWARDS40,000 SQ. FT. TEAM STORE RETAIL SPACE Home to the Detroit Red Wings, Detroit Pistons, concerts and entertainment–the arena opened in September 2017. With four new restaurants, shopping, attached office space and unique public spaces like Chevrolet Plaza, Little Caesars Arena is truly a unique170,000 SQ. FT. experience. It will continue to be an anchor for billions of dollars in other nearby investments for years to come. OFFICE SPACE 12 #DistrictDetroit | DistrictDetroit.com

MIKE ILITCH School of Business $40 MILLIONGIFT MADE BY MIKE AND MARIAN ILITCH $17 MILLION Opened in August 2018, this new business school brings more than 4,000 college students near Little Caesars Arena, adding density and vibrancy to the 13 area. Made possible by a $40 million gift from Mike and Marian Ilitch, the donation highlights their lifelong dedication to promoting entrepreneurship, CONTRACTS AWARDED TO education and the revitalization of Detroit. Since announcing this gift, the business school has launched new programs in Sport and Entertainment DETROIT-BASED BUSINESSES Management and Entrepreneurship and Innovation—creating even more opportunities for students to become immersed in Detroit’s business community. $10 MILLION CONTRACTS AWARDED TO MINORITY-BASED BUSINESSES 33% ENROLLMENT INCREASE SINCE ANNOUNCEMENT OF GIFT 66%GRADUATE ENROLLMENT INCREASE SINCE ANNOUNCEMENT OF GIFT 4,200+ BUSINESS STUDENTS #DistrictDetroit | DistrictDetroit.com

WELCOMING Google AUGUST 2018 MOVED IN30,000 SQ. FT. OFFICE SPACE 100+EMPLOYEES NOW IN DETROITRANKED #1 World-class Google officially became a resident of The District Detroit in August with the occupation of approximately 30,000 sq. ft. near Woodard Avenue on Henry Street at Little Caesars Arena. The exciting move means that all the office space at the two buildings BEST PLACE TO WORK adjacent to the arena are allocated. 2017 BY FORTUNE 100 14 #DistrictDetroit | DistrictDetroit.com

ENHANCED Infrastructure $18 MILLION IN INVESTMENT 100+DECORATIVE LIGHT POLES 350+TREES PLANTEDNEW MEDIANS ENHANCING BEAUTY AND SAFETY DOZENS More than $18 million have been invested in creation of new medians on Woodward Avenue, road resurfacing, expressway 15 ingress/egress improvements, street lighting, water and sewer upgrades as well as planting of hundreds of new trees along streets in OF PEDESTRIAN the area. This ongoing effort is part of the Ilitch companies’ long-standing commitment to the city by creating a thriving destinationSAFETY IMPROVEMENTS connecting downtown and Midtown. #DistrictDetroit | DistrictDetroit.com

STATE-OF-THE-ART Parking 26 NEW SURFACE LOTS AND LANDSCAPING 4 NEW 16 CONVENIENT PARKING STRUCTURES VARIETY OF PARKING OPTIONS IN CLOSE PROXIMITY 24-HOURSURVEILLANCE, FENCED AND WELL-LIT CREDIT-CARD READY WITH PRE-PURCHASE OPTIONS #DistrictDetroit | DistrictDetroit.com

DEVELOPMENT Underway CONCEPTUAL RENDERINGCONCEPTUAL RENDERING CONCEPTUAL RENDERING DYNAMIC NEW CLASS ASHOPPING AND DINING OFFICE SPACEHISTORIC LITTLE CAESARS RESIDENTIAL RENOVATION WORLD HEADQUARTERS CAMPUS EXPANSION DEVELOPMENTS #DistrictDetroit | DistrictDetroit.com 17

HISTORIC Renovation CONCEPTUAL RENDERING $167 MILLION+ COMBINED INVESTMENT145,000 SQ. FT. COMBINED OFFICE SPACE36,000 SQ. FT. CONCEPTUAL RENDERING COMBINED RETAIL SPACE213,000 SQ. FT. COMBINED RESIDENTIAL SPACE NEW RESIDENTIAL DEVELOPMENTS We’ve announced the development of five nearly 100-year-old existing buildings. Detailed restoration work is underway at several buildings, including the Eddystone, the historic former Detroit Life Building, Women’s City Club, 150 Bagley St., formerly the UnitedPURSUING 20% Artists Building and 1922 Cass Ave. The developments represent an investment of more than $167 million. AFFORDABLE HOUSING 18 #DistrictDetroit | DistrictDetroit.com

CLASS A Office Space CONCEPTUAL RENDERING $130 MILLION+ CONCEPTUAL RENDERING PLANNED INVESTMENT260,000 SQ. FT. MEDICAL/OFFICE SPACE CONCEPTUAL RENDERING44,000 SQ. FT. COMBINED RETAIL ATTRACTING Even more professionals are on the way as three other mixed-use office buildings have been announced and are currently under 19 development at 111 Henry St., 120 Henry St. and 2715 Woodward Ave. And in 2019, even more new office tenants will be announced orNEW AND UNIQUE begin moving in–such as the previously-announced partnership with Detroit Medical Center Sports Medicine Institute to occupy a new mixed-use medical/office building 2715 Woodward Ave. soon. COMPANIES AND SERVICES TO THE DISTRICT DETROIT #DistrictDetroit | DistrictDetroit.com

LITTLE CAESARS World Headquarters CAMPUS EXPANSION$150 MILLION CONCEPTUAL RENDERING IN INVESTMENT DETROIT’SFIRST HEADQUARTERS BUILDING IN A DECADE9-STORY BUILDING235,000 SQ. FT. CONCEPTUAL RENDERING OFFICE SPACE 67% CONTRACTS AWARDED TODETROIT-BASED BUSINESSES UNIQUE Located at the corner of Woodward Avenue and Columbia Street, the development will empower the company’s employees, franchisees and 20 suppliers to support incredible global growth. This expansion to the Little Caesars world headquarters campus is Detroit’s first newly-constructed, ARCHITECTURE multi-story corporate headquarters building in more than a decade and only the seventh since 1950. It’s the largest new construction project to date near Columbia Street, which is adjacent to the spectacular Fox Theatre, a National Historic Landmark.FEATURING PIZZA-SHAPED FORMED GLASS #DistrictDetroit | DistrictDetroit.com

DYNAMIC Shopping and Dining120,000+ SQ. FT. CONCEPTUAL RENDERING STREET-LEVEL RETAIL 27 NEWRESTAURANTS AND SHOPS UNIQUEURBAN SHOPPING EXPERIENCESAL FRESCO Even more boutiques, restaurants and shops are headed to The District Detroit soon. Columbia Street is just one example of the 21 new exciting retail spaces coming to this sports and entertainment destination. National retailers and local entrepreneurs will find DINING SPACE opportunities to create unique, well-trafficked retail spaces that will attract visitors and residents for a last-minute gift, weekday lunch or a post-game drink. #DistrictDetroit | DistrictDetroit.com

COMMUNITY Impact2ND LARGEST $800,000 DONATEDBLOOD DRIVE IN MICHIGAN TO COLLEGE FOR CREATIVE STUDIES PUBLIC ART PARTNERSHIP CONCEPTUAL RENDERING DONATED $190 MILLION FUNDED NEWTO THE VAPOR WAKE DOG PROGRAM IN CHARITABLE GIVING SINCE 2000 MICHIGAN VETERANS FACILITY TO ENHANCE PUBLIC SAFETY #DistrictDetroit | DistrictDetroit.com 22

COMMUNITY ImpactADOPTED CASS PARK SPONSORED AWARDED ONE OF DETROIT’S NATIONAL URBAN LAND INSTITUTE 2018 CONFERENCE BEST-MAINTAINED PARKS 96 INTERNS $22,000 DONATED SPONSOREDSELECTED FROM CASS TECH LARGEST EVER PINK ELEVATOR BREAST NATIONAL ASSOCIATION OF BLACK HIGH SCHOOL SINCE 2015 CANCER AWARENESS FUNDRAISER JOURNALISTS 2018 CONFERENCE #DistrictDetroit | DistrictDetroit.com 23

Detroit’s World-Class Sportsand Entertainment Destination#DistrictDetroit | DistrictDetroit.com


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