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HomeMy WebLinkAboutRD.1 Hunden Partners (Hunden)HRS 103D-304 PROFESSIONAL SERVICES - RD.1 ECONOMIST, RD.2 STATISTICIAN, RD.3 COMMUNITY PLANNING County of Hawai’i Attn: Mr. Douglass Adams Director of Research & Development June 30, 2023 County of Hawai’i Mr. Douglass Adams, Director of Research & Development 25 Aupuni Street, Suite 1301 Hilo, Hawai’i 96720 chresdev@hawaiicounty.gov RE: HRS 103D-302 Notice to Providers of Professional Services - RD.1, RD.2, RD.3 Hunden Partners (Hunden) is pleased to provide the County of Hawai’i Research and Development Management RD.1 Economist; RD.2 Statistician; and RD.3 Community Planning. Hunden Partners specializes in the economics of place, and we thrive on uncovering long-term revenue generating opportunities that support sustainable growth for compelling developments and destinations. Hunden Partners successful, or currently underway. Hunden has conducted hundreds of studies for public-sector clients across the country and has proven methodology and work processes associated with each topic, from: • Tourism and destination development master plans, • • Attractions, • Hotels, • Convention and conference centers, • • Fairgrounds, and • Arenas and stadiums. and methodology. We have operated in a similar on-call advisory role 213 W INSTITUTE PLACE, SUITE 707 CHICAGO, IL 60610 references. You will deal directly with Rob Hunden, owner and President of Hunden Partners, and as the primary contact and signer of any contracts. Should you have any questions, please contact me directly on my mobile phone at 312-933- Sincerely, Robin Scott Hunden President & CEO rob@hunden.com (m) 312-933-3637 (o) 312-643-2500 213 W INSTITUTE PLACE, SUITE 707 CHICAGO, IL 60610 213 W INSTITUTE PLACE, SUITE 707 CHICAGO, IL 60610 Hunden Partners is a full-service real estate development advisory practice, providing public and private Hunden specializes in the intersection of tourism development, economic development, and destination real estate development. Hunden has a passion for data-driven analytics and recommendations that lead to sound Since our incorporation in 2006, Hunden Partners has provided all of the above services for hundreds of client Areas of expertise: Entertainment & Destination Districts Arenas & Stadiums Hotels (Boutique, Resort, HQ) Convention & Conference Centers Arts & Cultural Facilities Destination Real Estate Development Advisory Practice OFFICE LOCATION: CHICAGO, IL Services: Financial Feasibility Economic, Fiscal & Employment Impact Analysis Public Incentive Analysis Solicitation & Selection services for Management, Operations, & Development Recognized Industry Leader. Mr. Hunden has helped communities throughout the tourism and development master planning efforts. Hunden has studied some of the most successful and compelling tourism destinations in the country, such as Chicago, Economic Impact Expertise. Developer Solicitation Services. selection processes. Unique Tourism Placemaking Studies. include cultural centers, dozens of distilleries, boutique and historic hotels, wildlife Teaching Experience and Organizations. Rob has written articles on downtown developments and taught college-level Destination Development Courses. For nearly 20 years Rob has conducted panel discussions and taught professional development districts. Rob Hunden CEO / President Project Director Career Background • Hunden Partners • Johnson Consulting • Grubb & Ellis • • • Washington, D.C. Quick Facts • • Incorporated Hunden Partners in 2006 • School of Business, BS Finance ‘94 Dedication to Diversity, Equity, and Inclusion. Out Team. Our Strategic Partners. Our Work. residents. www.hunden.com Our Team professional biographies www.hunden.com hunden key personnel Shawn Gustafson Project Manager Eric Hunden Research Director Matthew Avila Project Manager Ryan Sheridan Project Manager Lexi Cuff Project Manager Cory Hawkins Process Manager Lucas Neuteufel Analytics Manager Laura Sportiello VP Business Development Alexandra Chopson Business Development Specialist Morgan Wortham Economic Development Specialist Hailey Justes Business Development Specialist Will Frost Economic Development Specialist Steve Haemmerle Project Executive Cassidy Sutton Analyst Charlie Brown Analyst Emily Connor Analyst www.hunden.com Quick Facts • Indiana University Kelley School of Business • BS Finance and Real Estate Concentration and convention centers. Matt also leads research efforts and creates custom mapping for venues, hotels and convention centers. These involve a deep understanding of the competitive supply and potential demand for local, regional and national usages. studies throughout his career for both private and public entities. He also specializes and economic impact analyses. budgets has supported his collaboration with Rob Hunden in leading procurement efforts for developer solicitation and selection processes. Shawn Gustafson Project Manager | Chicago, Illinois Quick Facts • Anderson University, BA Accounting, Music Business ‘06 • ‘07 Matthew Avila Project Manager | Chicago, Illinois Our Team professional biographies www.hunden.com Quick Facts • Indiana University Kelley School of Business • BS Finance and Real Estate Concentration youth tournament and community sports facilities, and unique tourism attractions. In professional sports venues and district studies. Act (KTDA), which have recently included multiple distilleries, boutique and non-traditional lodging facilities, and other attractions that aim to drive economic impact through new tourism to the Commonwealth. demand for local, regional, and national usages. Ryan collaborates closely with CEO Rob product. Ryan Sheridan Project Manager | Chicago, Illinois Our Team professional biographies tourism master plan for Hamilton County, Indiana, a tourism master plan in Oceanside, Washington. implications, report creation, and deliverable presentations. Project Manager | Chicago, Illinois Quick Facts • Indiana University Kelley School of Business • BS Finance and International Business, with a focus in Real Estate Tourism & Destination Development Plans Albuquerque, NM – UNM Sports District Birmingham, AL – Bus Rapid Transit Bradenton, FL – Entertainment District Analysis Casa Grande, AZ – Motorsports District Analysis Cedar City, UT - Travel Plaza Charlotte, NC – South End Development Chicago, IL – Chicago Riverwalk Expansion Covington, KY - Central Riverfront Redevelopment Dallas, TX - Kay Bailey Hutchison CC Area Master Plan Davenport, IA – Riverfront Development Dubois County, IN - Mid-States Interstate Corridor Durham, NC - Destination Master Plan Elkhart, IN – Gateway Master Plan Finney County, KS - Destination Development Plan Folsom, CA - Tourism Assets Assessment Fort Worth, TX – Destination District Analysis Grand Rapids, MI – Streetcar Real Estate Analysis Great Lakes Bay, MI - Destination Development Plan Hamilton County, IN - Tourism Destination Master Plan Hampton, VA – Downtown/Riverfront Analysis Louisville, KY – Mixed-use District Analysis Michigan City, IN – Lakefront & North End Plan Michigan City, IN – Trail Creek Area New York, NY – LaGuardia Airport Parking Study NW Indiana Regional Development Authority Oceanside, CA - Tourism Destination Development Plan Pikeville, KY – Excel Mining KIRA Review Portsmouth, VA – Downtown/Riverfront Analysis Rockford, IL - Tourism Master Plan Sarpy County, NE - Sewer Expansion Impact SeaTac, WA - Tourism Destination Devel. Strategy Sun Prairie, WI - Tourism Development Plan Temple, TX - Destination Development Plan Warren County, NY - Tourism Competitive Markets Wells County, IN - Highway Impact Analysis Westchester Co, NY - Tourism Recovery Plan Arkansas Downtown Development Legislation Kentucky Tourism Development Act Kentucky KIRA/TIF Incentive Reviews Mississippi Tourism Development Legislation Nebraska Economic Development Legislation West Virginia Tourism Legislation Tourism & Destination Development Plans Indianapolis, IN – CityWay Mixed-Use District Indianapolis, IN – Glendale Mall Indianapolis, IN – Union Station Renovation Jackson, MS – Mixed-Use Development Kansas City, MO – KC Power & Light District Kingsville, TX - Ranch Mixed-Use Expansion Kyle, TX – Downtown Multi-Use Study La Vista, NE – 84th Street Mixed-Use Development La Vista, NE – Southport West Live! Lansing, MI - Event Facility-Anchored District Las Cruces, NM - Downtown Residential Mix Lawrence, KS - Mixed-Use University District League City, TX - Mixed-Use Master Plan Long Island, NY – Nassau Coliseum Louisville, KY – 4th Street Live! Madison, WI – Alliant Energy Center Master Plan Mills, WY - Riverfront Mixed-Use Development Milwaukee, WI - Deer District Highest & Best Use Overland Park, KS - Mega Mixed-Use Development Pawtucket, RI - Stadium & Mixed-Use Richmond, VA – Mixed-Use Development San Juan, PR – Nightlife & Entertainment District Suffolk County, NY - Sports Mixed-Use District Sun Prairie, WI - Tourism Development Master Plan Tahoe City, CA - Mixed-Use Redevelopment Tempe, AZ - NHL Arena & District Thornton, CO - Mixed-Use Development Tolland, CT – Mixed-Use & Retail Toronto, ON – Woodbine Live! Tupelo, MS – Downtown Mixed-Use District Windsor, CO - Tournament Sports Mixed-Use District Mixed-Use Destination Districts & Market-Based Planning Albuquerque, NM – UNM Sports District Amarillo, TX - Mixed-Use & Highest/Best Use Arlington Heights, IL - NFL Mixed-Use District Bedford Park, IL – Mixed-Use District Bentonville, AR – Applegate Agri-Hood Residential Billings, MT – Mixed-Use Development Bloomington, MN – Waterpark of America Boca Raton, FL – Glades Plaza Bradenton, FL – Entertainment District Branson, MO – Branson Landing Bremerton, WA - Motorsports Mixed-Use Devel. Casa Grande, AZ – Motorsports District Chandler, AZ – Wild Horse Pass RED Chandler, AZ – WHP Business Organization Plan Chester, PA - Stadium & Riverfront District Chicago, IL – Navy Pier Expansion Chicago, IL – Riverwalk Expansion Chicago, IL – South Side Sports District Chicago, IL – Pilsen Neighborhood Mixed-Use Clearwater, FL – Downtown Mixed-Use District Columbus, OH – Scioto Mile Destination District Corpus Christi, TX - Mixed-Use District & Advisory Dacono, CO - Mixed-Use Development Davenport, IA – Riverfront Development Eastvale, CA – Town Center Development Elkhart, IN – Gateway Master Plan Fairfax, VA - Mixed-Use Town Center Fort Wayne, IN – Harrison Street Live! Fort Worth, TX – Fort Worth Stockyards Fort Worth, TX – Texas Trails Monument Great Lakes Bay, MI - Destination Development Plan Greenville, NC - Downtown Redevelopment Plan Hampton, VA – Mixed-Use Development Plan www.hunden.com County-Wide Tourism Master Plan Hamilton County, Indiana (2022 - Present) Hunden Partners was engaged by Hamilton County Tourism and the Hamilton County Sports Authority to develop a 10- year comprehensive tourism master plan and action plan (Plan) for the County. Through funding provided by a federal The visionary goals for the master plan include: • Inspire Business of Entertainment Sports and Tourism development (BEST) in the County, • Provide the Client, including the four rapidly growing cities located in the County, with a 10-year roadmap and action plan, and • and visitors to the community. were all assessed. Additionally, assessments were made of the history of the County’s tourism industry and assets, the Hamilton County Tourism www.hunden.com Dallas Convention Center District Master Plan; P3 Advisory Services Dallas, Texas (2021 - 2023) larger WSP master plan team contracted to create the Kay Bailey Hutchison Convention Center Dallas (KBHCCD) Master continuity between the KBHCCD, other City-owned properties, private development(s), and transportation initiatives. use district surrounding the new facility, including review of current offerings, historical performance, and business model review. The scope also included an economic, demographic, and tourism analysis, a comprehensive convention center advisory services to the City. City of Dallas www.hunden.com Tourism & Destination Development Master Plan Temple, Texas (2021 - 2022) destination development plan for various real estate and tourism asset opportunities in the City of Temple. The master planning team was managed by KPA Engineers. The purpose was to develop a document to guide the City of Temple to better capitalize on its tourism industry. The plan ultimately provided recommendations on a 5-year timeframe for implementation, supplemented by a community engagement process. The team collaborated on the following master plan study phases: • Temple Tourism Assessment and Mall Redevelopment Plan: assessment of the various nodes of tourism for the City, including arenas and event facilities, youth and amateur sports facilities, mall re-use, hospitality, shopping in-depth case studies. • Temple Real Estate Development Opportunity Analysis, Including Youth Sports • Temple Convention Center Analysis • Strategic Economic Development Marketing Pitch Temple’s economic development pitch to interested developers. • Site Vision and Concept Development Assessment, the Convention Center Analysis, and the Real Estate Development Opportunity Analysis. • Planning Recommendations and Project Cost Estimates: strategies and recommendations for the realization of City of Temple www.hunden.com Tourism & Destination Development Master Plan Oceanside, California (2022 - Present) County, California. The goal of the study was to provide concrete, incremental steps for Oceanside’s development as a tourist destination, driving diverse demand opportunities throughout the year and mitigating highly impacted times and locations. The Plan includes strategies for stewarding City of Oceanside tourism into a sustainable future through the were made of the history of the City’s tourism industry and assets, the City’s current assets and impact, and the opportunities reside, and positioning the community as a national and international leader in destination stewardship. City of Oceanside www.hunden.com Downtown Tourism Development Market Analysis Sun Prairie, Wisconsin (2020) to conduct a Tourism Readiness Analysis and high-level feasibility study for Sun Prairie. The goal of the study was to tourism assets, including various types of attractions, facilities and events that attract overnight visitors from outside the community. various tourism assets, such as hospitality, commercial real estate, meetings and conventions, entertainment, sports and programming that may enhance Sun Prairie’s destination appeal. Finally, Hunden recommended a short list of assets and programming to prioritize for further study. Within the as the best possible asset classes for the Commission to target and consider. Sun Prairie Tourism Commission for the City of Sun Prairie | meil.stechschulte@greenbaywi.gov | 920-448-3395 Utilizing lessons learned in placemaking to understand the optimal future of public real estate and development projects. considerations that turn multi-use districts into success stories. P3 Collaboration District-building goes hand in hand with economic and destination or tourism development. Collaborations between municipalities, developers, destination management organizations (DMOs), and Economic Development organizations Flexibility revenue generating opportunities that support sustainable growth and create more vibrant communities and tourism opportunities. Ancillary Uses and Public Space Activation basis. Diversity what will drive visitation, spending and investment. Authenticity and uniqueness are often right under our noses, but Due Diligence helped bring them from idea to fully developed reality. www.hunden.com Placemaking Lessons Learned & Methodology Insights www.hunden.com • Industry Trends cap rates, and others, as relevant. • Market Performance • Submarket Performance CoStar, STR, Pollstar, and other analytical tools. • quality, age rates, vacancy), absorption and time-series of performance. A competitive set supply map will • Proposed and Under Construction Projects and consider those as part of the future competitive set absorption dynamic. • Demand Interviews. Hunden will interview competitive set management to understand what business they are accommodating and the type of business that they believe may be going to other locations outside of the site area due to quality, space availability and other issues. These interviews are critical to a true understanding of • Implications for the Project • geofencing research technology have included a small sampling of the type of data we collect and assess. These images were assembled as an 5/31/23, 106 PMPlacer - ESP Convention Center - Variance Page 1 of 2https://analytics.placer.ai/#/admin/insights/complexes/6477a31…22start%22:%222022-01-01%22,%22end%22:%222022-12-31%22%7D%7D%5D Visitation data for ESP Convention Center is adjusted to exclude restricted locations. Google Jan 01 - Dec 31, 2022 Ask for Review Learn More Visits Variance Property: ESP Convention Center / Alba… Aggregation: Weekly Compare to: Prev. Week Previous Week Export Empire State Plaza, Albany, NY 12210 ESP Convention Center www.hunden.com Page 4 of 8https://analytics.placer.ai/#/admin/insights/complexes/6478d44…22023-04-30%22,%22chosenLabel%22:%22Last+12+Months%22%7D%7D%5D Audience Overview New York State Mus…310 Madison Ave, Albany, NY … Dataset: STI: Popstats View: Potential Market Compare to: New York Household Income *Demographics are based on a True Trade Area capturing 70% of visits | Data source: STI: Popstats Property Median Household Income Bachelor's Degree or Higher Median Age Most Common Ethnicity Persons per Household New York Sta… Madison Ave, Al…$60.2K 36.2%36.6 White (64.6%)2.25 New York $77.8K 37.4%40.5 White (56.8%)2.57 #% 6/1/23, 1025 AMPlacer - New York State Museum - Overview Page 3 of 8https://analytics.placer.ai/#/admin/insights/complexes/6478d44…22023-04-30%22,%22chosenLabel%22:%22Last+12+Months%22%7D%7D%5D Market Landscape Home locations are obfuscated for privacy and randomly placed within a census block. They do not represent actual home addresses. Learn more Trade Area Heatmap High Low © Mapbox © OpenStreetMap © Maxar 6/1/23, 1025 AMPlacer - New York State Museum - Overview Page 6 of 8https://analytics.placer.ai/#/admin/insights/complexes/6478d44…22023-04-30%22,%22chosenLabel%22:%22Last+12+Months%22%7D%7D%5D Favorite Places Category: All Categories Min. Visits: New York State Museum / Madison Ave, Albany, NY Rank Name Distance Visitors 1 New York State Museum, Library, and Archives / 222 Madison Ave, Albany, NY 12230 0 mi 53.6K(100%) 2 Crossgates Mall / 1 Crossgates Mall Rd, Albany, NY 12203 5.4 mi 29.4K(54.8%) 3 Colonie Center Mall / 131 Colonie Center, Albany, NY 12205 5 mi 23.5K(44%) 4 Crossgates Commons Plaza / 161 Washington Avenue Ext, Albany, NY 12205 5.5 mi 15.8K(29.5%) 5 Northway Shopping Center / 1440 Central Ave, Colonie, NY 12205 5.1 mi 14.8K(27.6%) Visitor Journey Property: New York State Museum / Ma… Show by: Location Category Group Prior Home Attractions Work Other Nature & Landmarks Post Home Attractions Other Restaurants Work 28.2% 27% 8.5% 8.4% 5.7% 24% 17% 8.5% 7.5% 7.1% 1 Category Visitor Journey • or outside of a venue or district over a chosen period of time. Hunden will use this tool to help understand the www.hunden.com Long-term revenue generating opportunities that will support sustainable growth and induced spending only (versus gross spending) to ensure that substitution spending is netted out of the impacts. indirect and induced impacts, as well as employment impacts, based on the local economy. High-Level Engagement Strategy Milestones and Touchpoints. Hunden will collaborate with County departments, agencies, and leadership to arrive at a process, to ensure proper updates and timely delivery of drafts. These milestones may include: • Organizing zoom meeting (introductions and schedule logistics for site visit) • • • • • Draft analysis deliverable milestone, and • Final analysis deliverable milestone. In addition to our internal Client milestones and communication efforts, Hunden also typically conducts a series of outreach Stakeholder Interviews appropriate. Additionally, Hunden conducts separate interview meetings with management and leadership from each of Focus Groups 213 W INSTITUTE PLACE, SUITE 707 CHICAGO, IL 60610