vancouver, washington downtown

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1 BUSINESS RECRUITMENT PACKET vancouver, washington downtown

2 WELCOME TO VANCOUVER, WA A MESSAGE FROM VANCOUVER'S DOWNTOWN ASSOCIATION Revitalizing local commerce is the goal of Vancouver s Downtown Association. As leaders for Downtown, we strive to bring a quality retail mix and active urban environment back to Main Street. To achieve this, we are looking for partners partners who will support our entrepreneurial drive and promote our community. The information in this document will help illustrate the development opportunities found in Vancouver and the quality of development sought. We look forward to working with you. Page 2

3 DISCOVER DOWNTOWN VANCOUVER WELCOME TO DOWNTOWN VANCOUVER Vancouver is Washington s fourth largest city, Vancouver offers all the amenities of a large metropolis, but with the charm and hospitality of a small town. Downtown is a pleasant mix of restaurants, art galleries, and a variety of retail shopping, from boutiques to antiques. The eclectic blend of new construction and historic architecture offers a unique setting for numerous, year-round attractions and events for visitors and residents alike. DOWNTOWN VISION Building from these assets, we seek to create and support a dynamic and rich mix of residential, cultural, civic, retail and entertainment places that will attract growth, jobs and round-the-clock activity. FAST FACTS ABOUT VANCOUVER Vancouver s population is 162,400 making it the fourth largest city and one of the fastest growing counties in the State Over 10,250 employees in the downtown corridor 50,000 residents live within a five-mile radius of Downtown Washington State University and Clark College are community assets Fort Vancouver National Historic Site is a 336-acre campus and is the only national park in the Vancouver/Portland Metropolitan area Vancouver has two sister cities: Joyo, Japan and Arequipa, Peru 15 minutes from Portland International Airport and home to Pearson Air Field RETAIL CORE Portland Int l Airport (PDX) Page 3

4 WHY DOWNTOWN VANCOUVER DOWNTOWN VANCOUVER IS HOME TO A developing arts and entertainment district New state of the art library (2011) Over 100 restaurants and retail establishments 10,250 Downtown employees Significant household income in nearby neighborhoods; 35% are above $50,000 Ample, convenient parking Strong pedestrian and automobile traffic; 20,000 cars daily A diverse mix of residential, office, retail and entertainment opportunities Esther Short Park, Vancouver s Farmers Market and home to many festivals Hilton Hotel with 225+ rooms and Vancouver's Convention Center Direct access to Downtown from all major highways JOIN US Vancouver s Downtown Association has defined a Specialty Retail District to join our Downtown businesses, which includes furniture and home accessories, women s clothing, book stores, specialty gifts, music, arts and crafts, hair A recent consumer survey has revealed opportunities: Grocery Store Specialty Bakery Brew Pub Office Supply/Support Services Mixed-Use Development Family business Specialty Retail Existing Businesses: Restaurants Fitness Club Movie Theaters Art Galleries Hair Salons/Spas Children s Retail Dance Studios Page 4

5 TOP 10 REASONS TO DO BUSINESS IN VANCOUVER, WA 1. OUTSTANDING BUSINESS CLIMATE Washington ranked the 3rd best state for business in the Forbes 2008 Best State for Business Index. Washington is also ranked as the 5th friendliest state for small business and entrepreneurs by the Small Business and Entrepreneurship Council s, Small Business Survival Index. 2. EXCELLENT TRANSPORTATION Interstate 5 runs north and south through the Clark County enabling easy travel to Portland, Seattle and California. Interstate 84 provides direct access to eastern Washington, Oregon and Idaho markets. Ports and full rail access make Vancouver/Clark County an inter-modal transportation hub for the Northwest. Southern California is a mere 1.5 hours away by air. 3. ACCESS TO INTERNATIONAL AIR TRANSPORTATION Vancouver has excellent access and proximity to the Portland International Airport (PDX) for business travel or air freight. 4. LOWER LEASE COSTS, LOWER LAND PRICES Overall, Vancouver s space is very competitive in the Portland/Vancouver Metropolitan market. The average lease rate for Class A office space in Vancouver is $19.74 per square foot. Downtown Portland averages $22.71 per square foot. Warehouse space is $6.85 per square foot in Portland and $5.17 per square foot in Clark County. Monthly parking fees in downtown Vancouver average $55 to $75 versus $120 and up in downtown Portland. 5. TALENTED & AVAILABLE WORKFORCE Clark College, located in Vancouver, Washington is the second largest community college in Washington State. WSU Vancouver offers both undergraduate and graduate degree programs in Business, Sciences and Engineering. Approximately 60,000 workers commute to Portland to work. In a recent survey, 79% of commuters would readily take a Clark County job if available, avoiding the commute and eliminating the 9% Oregon income tax. 6. POPULATION GROWTH With a net migration of 55,083 people between 2000 and 2008, Clark County experienced a 23% increase in population over the past 8 years. 7. LOWER COST OF LIVING Cost of living is 18% lower than in Portland, Oregon with no personal income tax. 8. AFFORDABLE HOUSING In Vancouver, the average sale price for a 4-bedroom, 2,400 square foot, single-family home is $271,356. The average price in Portland is $413, BUSINESS INCENTIVES The State of Washington and the City of Vancouver offer a variety of incentives and programs to attract businesses and industries. Vancouver s incentives include Multi-Family Tax Credit, SBA s HUBZONE and International Services Zone. 10. SUSTAINABILITY As a significant economic development partner in the Portland/Vancouver region, Vancouver is poised to embrace a sustainable community. The existing downtown infrastructure is planned to support 4,550 residential units, 2,425,000 square feet of office use, and 400,000 square feet of retail use, creating a vibrant walkable community. In addition, the City benefits from an innovative sustainable business mentality that will further economic growth. Vancouver s premier yacht-building company, Christensen Yachts, is applying its technology to new engineering and fabrication projects in order to propel itself into wind turbine and hydrokinetic (wave motion) energy component manufacturing. At the same time, the Port of Vancouver serves as the sole source of import for wind turbines on the west coast a thriving industry fueling future energy demands. Page 5

6 REVITALIZATION COMING TO DOWNTOWN DOWNTOWN REVITALIZATION Every great city has a strong, healthy downtown. The vision for ours is one of a vibrant city center where people throughout the region will gather to live, work, shop and play. We are working to diversify and rebuild our Downtown by strategically investing in public infrastructure that will leverage over $1 billion in new private investment, creating new jobs, mixed-use residential and retail development, as well as public art and open spaces. COLUMBIA WATERFRONT REDEVELOPMENT Redevelopment of 32 acres of waterfront property, making it the most vibrant urban waterfront community on the Columbia River. As outlined in the Vancouver City Center Vision Plan, the city envisions a total revitalization of Vancouver s urban waterfront focusing on residential and office users supported by significant public access, recreation, cultural, hospitality, entertainment and limited commercial opportunities. LIBRARY SQUARE This is a $165 million public-private, mixed-use development that includes 4 multi-story buildings. In addition to the new main library of the Fort Vancouver Regional Library District, Library Square will offer a new civic plaza, 200 multi-family residences, 100,000 square feet of offices, 17,000 square feet of retail, a boutique hotel and a 900-stall underground parking facility. Water features, public art and green spaces will also be featured in this project. ANGELO BUILDING Recently completed, 60,000 square foot commercial space just off of Interstate 5 as you enter downtown is Phase I of a total 150,000 square foot redevelopment project. 101 MAIN 61,000 square feet of new office space with ground floor retail. VANCOUVERCENTER Mixed-use development offering 200,000 square feet of office space, 20,000 square feet of retail space, 34 condominiums with panoramic views of Vancouver and Portland, 194 condominiums adjacent to Esther Short Park and a 3-level, 800-stall underground parking facility. THE LUXE 52,000 square foot, 6-story structure to offer office condos near Mill Plain and Interstate 5. PRESTIGE PLAZA Residential tower with ground floor retail near Mill Plain and Interstate 5. WEST BARRACKS The Vancouver National Historic Reserve partners, including the City of Vancouver, National Parks Service, State of Washington, US Army and the Vancouver National Historic Reserve Trust are working with the private sector partners to renovate 16 historic buildings on the West Barracks for a variety of uses, from education and the arts to recreation and hospitality. Page 6

7 AVAILABLE PARKING LOCATIONS Prepared by Coldwell Banker Commercial Page 7

8 AVAILABLE PARKING LOCATIONS Prepared by Coldwell Banker Commercial Page 8