Api overview 10 09

ARTSPACE PROJECTS
America’s leading nonproﬁt developer for the arts

Monday, June 7, 2010

ABOUT ARTSPACE
• Established in 1979

• Recognized national leader in arts facility development

• 25 completed projects in 12 states

• 10 projects in predevelopment in 7 states

• 886 affordable live/work units serving more than 2,000 artists

• 600,000 sq. feet (55,700 sq. meters) of commercial space

• Consulting in USA, Canada, China, England, Netherlands, Serbia

OUR MISSION
is to create, foster, and preserve
affordable space for artists and arts organizations

OUR PROGRAMS

• Property development

• Asset management

• National consulting


OUR PROJECTS

• Help communities reclaim neighborhoods that face
redevelopment challenges

• Are usually located in areas with vital artist communities

• Often involve buildings or land with signiﬁcant historical
context

• Require strong, committed community leadership


OUR PROJECTS
• Typically take 3 to 5 years to
complete

• Are fully funded before
construction begins

• Are ﬁnancially self-sustaining

• Are owned and operated by
Artspace to ensure that they
remain permanently affordable
Franklin Arts Center
Brainerd, Minnesota


OUR PROJECTS
• Create and preserve space
for the creative community

• Helpcities retain artists and
enhance their cultural vitality

• Build
safer, more attractive
neighborhoods

• Actas catalysts for economic
development


Artspace at Work in the U.S.: 2009

MN
Brainerd Albert Lea NY
Duluth Little Falls IL Buffalo
____________________

WA Fergus Falls Minneapolis Chicago MI New York
Detroit
____________________
Seattle (3) Minneapolis (3) New Ulm Elgin Patchogue
____________________
Saint Paul (3) St. Croix Valley Waukegan Grand Rapids ____________________

Everett ____________________
Saint Paul ___________________ Jackson Albany
____________________
Minneapolis (2) Berwyn Chatham
Auburn MT
AK Olympia Galesburg OH Huntington
Anchorage Billings IA Syracuse
Whitefish WY SD WI Freeport Hamilton
ND Council Bluffs Macomb ____________________
Casper La Crosse CT
Minot Yankton Cleveland
____________________

Sioux Falls Des Moines St. Croix Falls Peoria Columbus Bridgeport
Sioux City Stoughton Rockford
____________________

Mansfield Hartford
OR Rock Island
Toledo
Portland IN NJ
____________________
Indianapolis Camden
Portland Hoboken
Michigan City
Orange
Trenton
NV PA
Reno Pittsburgh
____________________
____________________

Scranton MD
Reno ____________________
Mount Rainier
Easton ____________________

Philadelphia Baltimore
Wilkes-Barre Columbia
CA Frederick
Santa Cruz
____________________ DC
Monterey Washington
Santa Cruz
____________________
VA
Chico Leesburg
Long Beach Martinsville
Los Angeles
Ontario NC
Pittsburg Charlotte
Pomona
Sacramento SC
San Diego AZ Greenville
San Francisco Ajo
San Jose Tucson NM
Taos CO AL FL
Santa Ana Aurora Fort Lauderdale (2)
Santa Monica HI Montgomery ____________________

Honolulu Denver LA Tallahassee
Ventura Loveland KS TX ____________________

Salina Galveston New Orleans Hollywood
Westminster
Houston Miami
OK ____________________
Sarasota
Cordell Austin Tampa
El Paso
Georgetown
Houston

Projects in Operation
Projects in Development
Consulting (2004-2009)


OUR METHODS


ADAPTIVE REUSE
Northern and Tilsner Warehouses / St. Paul, Minnesota
52 and 66 live/work units in two historic warehouses (opened 1990, 1993)


ADAPTIVE REUSE
Hennepin Center for the Arts / Minneapolis, Minnesota
9 dance studios, ofﬁces of 17 arts organizations in 1888 Masonic temple (opened 1997)


ADAPTIVE REUSE
Elder Street Artist Lofts / Houston, Texas
34 live/work units in 1924 municipal hospital (opened 2005)


NEW CONSTRUCTION
Artspace Tannery Lofts / Santa Cruz, California
100 affordable live/work residences in two buildings (opened 2009)


NEW CONSTRUCTION
Artspace Hiawatha Lofts / Seattle, Washington
61 live/work units, 5,000 square feet of commercial space (opened 2008)


OLD + NEW
Tashiro Kaplan Artist Lofts / Seattle, Washington
Three new stories added to historic Pioneer Square building (opened 2004)


OLD + NEW
Artspace Buffalo Lofts / Buffalo, New York
60 live/work units: 36 in historic factory, 24 new construction (opened 2007)


BIG CHALLENGES
Shubert Theater / Minneapolis, Minnesota
Heaviest building ever moved on rubber tires (1999)


BIG CHALLENGES
Minnesota Shubert Center / Minneapolis, Minnesota
Two historic buildings (Hennepin Center for the Arts, Shubert Theater) joined by new Great Hall
(construction begins 2009)


BIG CHALLENGES
PS109 / East Harlem, New York
90 residential units, space for Latino cultural groups (construction begins 2010)


SMALL CHALLENGES
Chicago Avenue Fire Arts Center / Minneapolis, Minnesota
Adaptive reuse of former silent movie theater (construction begins 2009)


SPACE


FOR LIVING
Mount Rainier Artist Lofts / Mount Rainier, Maryland


FOR LIVING
50 live/work units, 15 galleries, 12 studios, ofﬁces of county cultural agency (opened 2004)


FOR LIVING
Switching Station Artist Lofts / Chicago, Illinois
24 live/work units, enclosed courtyard (opened 2003)


FOR WORKING
Trafﬁc Zone Center for Visual Art / Minneapolis, Minnesota
24 studios for mid-career artists in historic warehouse


FOR WORKING
Northern Warehouse / St. Paul, Minnesota
52 live/work units, two ﬂoors of commercial space (opened 1990)


FOR EXHIBITING
Artspace Sailboat Bend Lofts / Fort Lauderdale, Florida
37 live/work units, three-level gallery and community room (opened 2007)


FOR EXHIBITING
Washington Studios / Duluth, Minnesota
39 live/work units, community center operated by City of Duluth (opened 1995)


FOR PERFORMING
Illusion Theater


FOR LEARNING
Dance Institute


FOR FAMILIES
Frogtown Family Lofts / St. Paul, Minnesota
36 live/work units, all with two or three bedrooms (opened 1992)


FOR ARTS ORGANIZATIONS
Sierra Arts
Riverside Artist Lofts / Reno, Nevada


FOR ARTS ORGANIZATIONS
James Sewell Ballet


FOR ARTS-FRIENDLY BUSINESSES
Bev’s Wine Bar
Trafﬁc Zone Center for Visual Art / Minneapolis, Minnesota


FOR ARTS-FRIENDLY BUSINESSES
All City Coffee


FOR COMMUNITIES
Artspace Hiawatha Lofts / Seattle, Washington


QUALITIES


LARGE WINDOWS
Spinning Plate Artist Lofts / Pittsburgh, Pennsylvania
37 live/work units in historic automobile dealership (opened 1998)


OPEN FLOOR PLANS
Northern Warehouse / St. Paul, Minnesota
52 live/work units, 2 ﬂoors of commercial space (opened 1990)


HIGH CEILINGS
Tilsner Warehouse / St. Paul, Minnesota
66 live/work units (opened 1993)


COMMUNITY
Switching Station Artist Lofts / Chicago, Illinois
Resident artists landscape the grounds


ACTIVITY
First Thursday Artwalk


AFFORDABILITY

89% of Artspace live/work
units meet or exceed the
U.S. Department of Housing
and Urban Development’s
standard for Section 42
affordable housing.

Artspace Buffalo Lofts
Buffalo, New York


MONEY MATTERS


SOURCES
SOURCE! AMOUNT! PCT.!

Public Sources!

Federal low income housing tax credits! $ 6,592,060! 41 % !

State low income housing tax credits! $ 2,796,404! 17 %!

Federal historic tax credits! $ 1,678,775! 10 %!

HOME funds ($900,000 from state, $400,000 from city)! $ 1,300,000! 8 %!

Community Development Block Grant (city)! $ 300,000! 2 %!

Federal allocation! $ 250,000! 2 %!

Private Sources!

Private sector (philanthropic gifts)! $ 1,400,000! 9 %!

First mortgage! $ 1,200,000! 7 %!

Deferred developer’s fee! $ 670,944! 4 %!

TOTAL! $ 16,188,183! 100 %!



OTHER SOURCES
• Tax increment ﬁnancing

• Housing trust funds

• Easements

• State cultural facility grants

• Economic development
initiatives

• Taxable and tax-exempt bonds
Riverside Artist Lofts / Reno, Nevada


USES
CATEGORY AMOUNT PCT.

Site acquisition (building and land) $ 600,000 4%

Construction costs $ 11,678,581 72%

Professional fees (architect, engineer, surveyor, etc.) $ 947,623 6%

Construction interim costs $ 250,500 2%

Permanent ﬁnancing $ 152,000 1%

Soft costs (appraisals, studies, consultants, etc.) $ 123,500 1%

Developer fee (mandated by state law) $ 2,012,831 12%

Legal costs $ 140,000 1%

Reserves $ 284,620 2%

TOTAL $ 16,189,655 100%



BEFORE AND AFTER


BEFORE


AFTER


BEFORE
Jefferson Davis Hospital / Houston, Texas


AFTER
Elder Street Artist Lofts / Houston, Texas


ON THE HORIZON


HAWAI‘I
Adult students at halau hula in Honolulu


NEW ORLEANS
Mardi Gras Indians in costume


NORTHERN PLAINS
Dancers at 40th annual United Tribes powwow
Bismarck, North Dakota


Api overview 10 09

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