sense of community. - Larry Ames, President of the WG Neighborhood - - PowerPoint PPT Presentation

sense of community
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sense of community. - Larry Ames, President of the WG Neighborhood - - PowerPoint PPT Presentation

"What we have here is a small town right in the middle of a big city of a million people. We have our own unique identity and a strong sense of community. - Larry Ames, President of the WG Neighborhood Association Our Familys History


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SLIDE 1

"What we have here is a small town right in the middle of a big city of a million people. We have our own unique identity and a strong sense of community.”

  • Larry Ames, President of the WG Neighborhood Association
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SLIDE 2

Our Family’s History in the Glen

Shirlee DiNapoli Schiro, Michael Mulcahy and Family

 SDS NexGen Partners is a

private real estate & investment firm

 SDS=Shirlee DiNapoli Schiro  NexGen=5 siblings  4 generations in WG  Aqui building was first WG

purchase in 1995

 Currently own 13 parcels  12 buildings on 3.5 acres  50 retail, restaurant,

service and business tenants

 80% are locally owned

and operated

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Willow Glen History

 Began as marshland

between Los Gatos Creek and Guadalupe River

 Drained in early 1900’s

and orchards planted

 Farming led to

urbanization

 Lincoln Avenue became

community’s core

 Residents fought San

Jose & Southern Pacific RR in the early 20’s to prevent RR down Lincoln

 Resulting in incorporation

  • f the Town of Willow

Glen in 1927

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SLIDE 4

Willow Glen History

 WG growth required a sewer system  San Jose annexed WG in 1936, vote was 978-871  WG Business Association was founded in 1949  WG residents fought Almaden Expressway in the 60’s  WG Neighborhood Association was founded in 1973  70’s-80’s malls and sprawl crippled WG  Business Improvement District (BID) formed in 1989  Community Benefit Improvement District (CBID)

replaced BID in January 2009.

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SLIDE 5

Willow Glen Facts “Neighborhood Business District” (NBD)

1 of 9 San Jose NBD’s

District from Coe to Minnesota .71 miles

The core Willow to Minnesota .39 miles

Compare:

Santana Row .32 miles

Valley Fair, Macy’s Men’s to Women’s .38 miles

13,000 lineal feet of street frontage

500,000 sf of commercial space

38.7 acres of land

100 unique property

  • wners

350+ businesses

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Willow Glen - 1 Mile Radius

Willow Glen 2000 2010 2015 Population 22,781 24,986 26,028 Households (HH) 9,157 9,863 10,208

  • Avg. HH

Income $87,879 $125,260 $146,879 Median HH Income $63,194 $82,864 $103,566 % HH $50,000+ n/a 67% 73% % HH $75,000+ n/a 50% 58% Median Age n/a 37.7 38.2

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SLIDE 7

Willow Glen - Local Comparison 3 Mile Radius

Willow Glen 2000 2010 2015 Population 207,435 235,196 249,032 Households (HH) 75,726 84,870 89,167

  • Avg. HH

Income $73,721 $101,619 $117,722 Median HH Income $55,826 $72,338 $87,829 % HH $50,000+ n/a 63% 70% % HH $75,000+ n/a 46% 58% Median Age n/a 34.5 34.7

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Willow Glen – Happening Now

  • as of Feb 2012

 All ground floor spaces over 3,700 sf leased,

including the former Casa Casa, The Glen, Peak Travel and Blockbuster

 New ground floor businesses to open in 2012:

Mike’s Bikes, The Table, Unleashed by Petco, Lou’s Village, Sereno Group, Crepevine, Citibank, Oz Hair Salon

 Leases in the 2nd half of 2011 built the

momentum: Jorcal Hats, Underground clothing, Haymarket, Kiss and Make Up, Sonoma Tanning, and several others

 New name, same faces: John’s Xlnt foods is

now John’s of Willow Glen

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SLIDE 9

Willow Glen – What’s Ahead

 Willow Glen’s 2012 Stimulus Package is…

Willow Glen Town Center

 Continued property ownership changes  Continued investments, renovations of existing

properties to keep pace, stay competitive

 No institutional or private equity players…yet  25,000 sf of “new” space over next 5 years  WG NBD expansion north? (1/4 mile to 280 or beyond)  New residential – sale and rent - under construction

  • r in the pipeline

 WGBA to provide more street side improvements to

enhance the pedestrian, shopper experience

 Continue to provide local jobs, local ownership,

local sales

 No copycat – WG is a true “lifestyle center”