Westshore Mall - Indigo Centers

Westshore Mall
Holland, MI
www.indigocenters.com
Table of Contents
A New Day Westshore Mall
3
The Holland Economy
4
Holland, MI - The Community
5
Holland, MI - The Accolades
6
Holland Tourism
7
Holland, Michigan
8
Trade Area & Regional Mall Map
9
Demographic Highlights
10
Proposed Site Plan
11
Proposed Lease Plan
12
Renderings
13
Information
17
A New Day Westshore Mall
Westshore Mall is under new ownership and has an exciting new vision for the mall’s direction. Plans are being
developed to heighten the shopping experience with new interior décor, new exterior enhancements and new
retailers, which will remerchandise and reposition the mall.
Location:
West Michigan; approximately 40 minutes southwest of Grand Rapids.
Region:
The Grand Rapids region has 1.0 million plus people and consists of the tri-cities of Holland, Muskegon & Grand Rapids.
Trade Area:
Approximately 250,000 people
GLA:360,000 sf
Anchors:
Younkers, JCPenney and Dunham’s Sporting Goods
Kohl’s and Hobby Lobby shadow anchor the mall.
Key Retailers: Bath & Body Works, Victoria’s Secret, GNC, Chuck E. Cheese, Kay Jewelers, Buckle, Maurice’s and Claire’s.
The Holland Economy
Major Employers
Herman Miller, Johnson Controls, Haworth Corporation, Perrigo, Gentex, Donnelly Corporation, Hart & Cooley,
Bil-Mar Foods, Pfizer Inc., and Heinz
Ottawa County was the best in 2012 in job growth and manufacturing with unemployment in November 2012
down below 6 percent since 5,000 jobs were added, or 4.8% expansion in hiring and an 8% increase in manufacturing production, the highest in the State of Michigan.
Holland, MI: The Community
• Holland’s Tulip Time Festival, named “the best small
town festival in America” - Reader’s Digest
• 1 of the top 5 “Best Places to Retire” in the United
States
– Money Magazine
• The villages of Saugatuck & Douglas, which are in the
trade area, named “Fifth Best Small-Town Getaway”
to visit in Midwest
– Midwest Living Magazine
• Michigan’s West Coast, which consists of our trade
area, has over 6 million visitors annually.
• Holland is one of West Michigan’s “Great Beachtowns.” 4 of the 9 “Great Beachtowns” are located
in the trade area.
Holland, MI: The Accolades
Holland has been recogonized by many as one of the best places in the
United States to live, work, retire, vacation and celebrate!
• #2 Happiest, Healthiest Place to Live in America (after Boulder, CO).
– Gallup-Healthways Well-Being Index
• “One of America’s Dozen Distinctive Destinations”
– National Trust for Historic Preservation
• “All America City”
– National Civic League
• “Top Ten Cities”
– Nest Egg Index, A.G. Edwards
• “Top Five Safest Cities in the U.S.”
– Forbes Magazine
Holland Tourism
Average Visitor Profile
Head to the water for sunbathing,
watersports, boating and fishing. The
Holland area features 307 miles of rivers
and streams, 160 miles of bike paths,
two Michigan State parks and over
5,000 acres of county parks and open
space lands for visitors to enjoy.
• 3 day stay
• Typical visitor is from the Midwest with an
income in excess of $100,000.
• Nearly 3.0 million tourists annually
Holland Harbor Lighthouse “Big Red”
The Big Red Lighthouse was built in
1872 and remains a preserved historic
landmark. This historic site is also
Michigan’s most photographed lighthouse.
Tunnel Park Named after a tunnel built into a 100-foot-high sand
dune. Tunnel Park features 1,000
feet of sandy beach on Lake
Michigan.
Nelis’ Dutch Village Dutch
themed amusement park.
Activities throughout the day
from Dutch dancing to old
Dutch cheesemaking
Holland State Park
“Beachside Camping”
Sandy beach along Lake
Michigan, two large
campgrounds and a
beautiful view of sailboats and sunsets.
Holland, Michigan
One of the top 3 tourist destinations in Michigan, with 220 acres of Lake Michigan beaches
and upwards of 3.0 million visitors annually.
Trade Area & Regional Mall Map
Demographic Highlights
• Trade area has nearly 250,000 people with an average income of $63,000.
• The trade area is growing with income growth rates exceeding the national rate.
• More than 1 out of 4 households have an income in excess of $75,000.
• Young families with disposable income dominate the area. The median age is 34.3
• Higher education rates are found in the Holland area with 20% of the population having a
bachelor’s degree versus a U.S. average of 17.5%.
Proposed Site Plan
Proposed Lease Plan
Renderings
Information
For Additional Information:
www.indigocenters.com
(616) 392-4000
Jeffrey W. Higgins, SCLS
jwh@indigocenters.com