Queen Anne`s Village Center Presentation Package

Queen Anne’s Village Center
Main Street, Chester, MD 21619
Leased by:
Craig S. Cheney
ccheney@klnb.com
703.722.2705
Dallon L. Cheney
dcheney@klnb.com
703.722.2703
Queen Anne’s Village Center
Executive Summary
PROJECT OVERVIEW:
•PHASE 1
-Mixed-Use
-206,105 SF of Retail anchored by Harris Teeter
-440 Residential Units
•190 Single Family
•60 Townhomes
•190 Apartments
-Community center & community park
•PHASE 2
-96,690 SF of Retail
-140 Residential Units
TRAFFIC COUNTS:
•Route 50 - 63,512 ADT (2013)
•Route 18/Main St. - 10,000 ADT (2013)
DELIVERY:
•PHASE 1 - 2nd Quarter 2017
•PHASE 2 - TBD
DEVELOPERS:
•Dillon Development Partners &
Finisterre Design & Development Corp.
Main Street, Chester, MD 21619
Property Highlights:
• The Village Center will be a regional retail
destination that also provides daily retail needs, with
grocery, movie theater, restaurants, lifestyle retail,
junior anchors and a variety of small shops.
• High volume Safeway located across the street from
Queen Anne’s Village Center in a captive market
confirming an under served market.
• Kent Island is the gateway to the DELMARVA Eastern
Shore for all working commuters and tourism coming
from the Western Shore.
• The retail center is conveniently located just off of
Route 50, the main thoroughfare from Baltimore and
Washington DC.
• New, under construction, and future residential
development on Kent Island in Gibsons Grant,
Ellendale, Four Seasons, Queen Anne’s Village Center,
Mears Point Marina, and Promenade at Red Apple
Plaza total nearly 2,400 units.
Retail Marketplace Profile:
Shows St
rong Reta
il
Demand i
n an
Underserv
ed Market
Retail MarketPlace Profile
Kent Island
Area: 540.59 square miles
Latitude: 39.02575758
Longitude: -76.0380295
Summary D emo graphics
2014 Population
2014 Households
2014 M edian Disposable Income
2014 Per Capita Income
Industry Summary
Total Retail Trade and Food & Drink
Total Retail Trade
Total Food & Drink
Industry Gro up
M otor Vehicle & Parts Dealers
Automobile Dealers
Auto Parts, Accessories & Tire Stores
Electronics & Appliance Stores
Bldg M aterial & Supplies Dealers
Food & Beverage Stores
Grocery Stores
Specialty Food Stores
Health & Personal Care Stores
Gasoline Stations
Shoe Stores
Sporting Goods, Hobby, Book & M usic Stores
Sporting Goods/Hobby/M usical Instr Stores
Book, Periodical & M usic Stores
General M erchandise Stores
Department Stores Excluding Leased Depts.
Other General M erchandise Stores
Florists
Office Supplies, Stationery & Gift Stores
Used M erchandise Stores
Nonstore Retailers
Electronic Shopping & M ail-Order Houses
Vending M achine Operators
Direct Selling Establishments
Food Services & Drinking Places
Full-Service Restaurants
Limited-Service Eating Places
Drinking Places - Alcoholic Beverages
N A IC S
D emand
(Retail Potential)
Supply
(Retail Sales)
R etail Gap
Leakage/ Surplus
B usinesses
44-45,722
44-45
722
N A IC S
$921,540,458
$828,371,227
$93,169,231
D emand
(Retail Potential)
$604,770,833
$552,023,788
$52,747,045
Supply
(Retail Sales)
$316,769,625
$276,347,439
$40,422,186
R etail Gap
20.8
502
20.0
446
27.7
56
Leakage/ Surplus
B usinesses
441
4411
4413
443
4441
445
4451
4452
446,4461
447,4471
4482
451
4511
4512
452
4521
4529
4531
4532
4533
454
4541
4542
4543
722
7221
7222
7224
$177,375,256
$154,280,273
$11,497,925
$23,883,820
$25,286,926
$157,709,820
$137,230,956
$3,836,849
$63,220,133
$74,140,766
$7,631,745
$21,417,675
$16,698,815
$4,718,860
$122,380,588
$60,736,525
$61,644,063
$1,364,599
$6,912,815
$3,500,188
$56,400,045
$32,730,273
$3,671,455
$19,998,317
$93,169,231
$47,675,022
$38,961,463
$2,156,499
$63,298,042
$12,864,485
$7,577,889
$4,101,535
$20,987,295
$78,631,650
$59,627,319
$2,087,848
$47,121,843
$60,956,677
$5,944,608
$6,846,788
$5,199,287
$1,647,500
$28,674,644
$5,777,891
$22,896,753
$1,266,556
$817,543
$3,283,072
$35,330,077
$16,080,897
$2,202,577
$17,046,603
$52,747,045
$23,347,497
$20,859,425
$1,528,297
$114,077,214
$141,415,788
$3,920,036
$19,782,285
$4,299,631
$79,078,170
$77,603,637
$1,749,001
$16,098,290
$13,184,089
$1,687,137
$14,570,887
$11,499,528
$3,071,360
$93,705,944
$54,958,634
$38,747,310
$98,043
$6,095,272
$217,116
$21,069,968
$16,649,376
$1,468,878
2951714
$40,422,186
$24,327,525
$18,102,038
$628,202
47.4
84.6
20.5
70.7
9.3
33.5
39.4
29.5
14.6
9.8
12.4
51.6
52.5
48.2
62.0
82.6
45.8
3.7
78.8
3.2
23.0
34.1
25.0
8.0
27.7
34.3
30.3
17.0
November 17, 2014
©2014 Esri
Page 1of 2
The retail trade area is a captive
market of 58,340 consumers averse
to paying the $6.00 Bay Bridge Toll
to go shopping.
58,340
21,829
$64,205
$38,582
N umber o f F acto r
N umber o f F acto r
47
7
16
18
26
48
20
16
25
17
8
33
28
6
9
6
3
8
16
23
24
2
5
17
56
18
27
7
D ata N o te: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount
spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the
relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value
represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. Esri uses the
North American Industry Classification System (NAICS) to classify businesses by their primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade
sector, as well as four industry groups within the Food Services & Drinking Establishments subsector. For more information on the Retail M arketPlace data, please view the methodology statement at
http://www.esri.com/library/ whitepapers/pdfs/esri-data-retail-marketplace.pdf.
So urce: Esri and Dun & Bradstreet. Copyright 2014 Dun & Bradstreet, Inc. All rights reserved.
A Captive Underserved Market
Kent Island and Queen Anne’s
County, MD is an emerging growth
area and bedroom community to
an educated workforce heading the
major employment centers in
Washington DC, Baltimore,
Annapolis, Ft. Meade and Columbia.
The total demand for retail in the
trade area significantly outweighs
the supply by an estimated $316
million annually in potential retail
sales.
Market Overview:
1,079
UNITS
Four Seasons
290
UNITS
Thompson Creek SC
Gibsons
Grant
Kent Island SC
Prime Outlets at
Queenstown
Kent Towne Market
Kent Landing SC
Chester Village
63,512 AD
T (2013)
Brightwater Home Loans
Tidewater Mortgage
Rainbow Plaza
10,000
A
7.5 Miles East
65 OUTLET STORES
including
Adidas
Banana Republic,
Calvin Klein, Coach,
Gucci, J.Crew,
Michael Kors, Nike,
Polo Ralph Lauren.
DT (20
13
)
Red Apple Plaza
Kent Square SC
Carini’s Pizza & Pasta
Consignment Shop
356 Romancoke Road
286
UNITS
Ellendale
100
UNITS
580
UNITS
Queen Anne’s
Village Center
Kent Island
Queen Anne’s County, Maryland
- Google Earth Pro Fall 2012 Aerial Photograph
While we have no reason to doubt the accuracy of
any of the information supplied, we cannot, and do
not, guarantee its accuracy.
Promenade at
Red Apple Plaza
Car Access Aerial:
C h ic kfi l- A
63,512 AD
T (2013)
S af ew
301
50
ay
S af ew
ay
Ex p re
ss
18
Phase
5,500
5,500
SF
II
M A IN
4,665
4,6
65SF
STREE
T
10,000
A
FUT
DEVE URE
LOPM
E
Breezewa
y
2.5K
2,500
SF
Pa rk
Trash
BEER
&5,0
W00
INSF
E
Breezewa
y
71
4,000
4,000
SF
5,000
5,000
5,000
SF
SF
GR
Gro
Oce
CE
ryRY
S53T,10
O0RSFE
53,100
145
SF
148
Kent Island
JUNIO
R
AN
12,00
CH
0 SF
OR
12,000
Queen Anne’s County, Maryland
248
Loading
MOV1IE 2
THEACi
Tne
ma
ER
SF
Future
Retail
21,210
SF
Future
Retail
14,000
SF
35,0035,000
0 SF SF
10
7
Daycare
3
9
8
- Google Earth Pro Fall 2012 Aerial Photograph
ROA
2.5K
2,500
SF
Breezewa
y
Loading
EY
RCH
CHU
SF
18
OM
JUNIO
ANCH R
O
10,0
,00
10
0 SFR
00
FUT
DEVE URE
LOPM
ENT
’ FR
en
SF
00 SF
SF
500
Departm
t
CO-ASt
e
NorH
31,90C
31,9
0 OR
5,8
5,800
00SF
534
NT
Breezewa
y
1
5,800
5,8
00SF
SF
Trash
Phase
)
S. P
IN
6,56,5
5050
SFSF
260
D
DT (20
13
53
10,000
4
5
155
6
P.H
.
2,3
30 S
F
While we have no reason to doubt the accuracy of
any of the information supplied, we cannot, and do
not, guarantee its accuracy.
Comm
unity
Center
7,625 SF
SF
Ex
pa
Exp
nsion
ans
ion
Area
Are
a
11,900
SF
TradeArea
AreaMap
Map
Trade
TRADE AREA DEMOGRAPHICS (2014):
EST. POPULATION:
58,340
HOUSEHOLDS:
21,829
MEDIAN HH INCOME:
$84,482
AREA:
Kent Island
Queen Anne’s County, Maryland
- Google Earth Pro Fall 2012 Aerial Photograph
While we have no reason to doubt the accuracy of
any of the information supplied, we cannot, and do
not, guarantee its accuracy.
540.59 SQ MI
Movie Theater
Competition Map
Established 1970
5 screens
Digital Projection
TRADE AREA DEMOGRAPHICS (2014):
45 mins driving
without traffic
33.4 miles driving
EST. POPULATION:
84,213
HOUSEHOLDS:
32,299
MEDIAN HH INCOME:
$70,061
Established 1976
4 screens
3D & DTS Digital Sound
28 minutes driving
without traffic
26.4 miles driving
Kent Island
Queen Anne’s County, Maryland
- Google Earth Pro Fall 2012 Aerial Photograph
While we have no reason to doubt the accuracy of
any of the information supplied, we cannot, and do
not, guarantee its accuracy.
=
POLYGON TRADE AREA
DESIGNATES MAXIMUM OF
40 MINUTE DRIVE TIME
Grocery
Store
Grocery Store
Competition
Map
Competition Map
TRADE AREA DEMOGRAPHICS (2014):
EST. POPULATION:
58,340
HOUSEHOLDS:
21,829
MEDIAN HH INCOME:
$84,482
AREA:
Kent Island
Queen Anne’s County, Maryland
- Google Earth Pro Fall 2012 Aerial Photograph
While we have no reason to doubt the accuracy of
any of the information supplied, we cannot, and do
not, guarantee its accuracy.
540.59 SQ MI
Overall Site Plan:
301
50
Chickfil-A
S . P IN E
Y
ROAD
S afeway
S afeway
Express
18
Phase II
MAIN STREE T
18
5,500
4,665
6,550 SF
53
5,800 SF
5,800 SF
534
260
M
RO
0’ F
50
CH
FUTURE
DEVELOPMENT
UR
CH
FUTURE
DEVELOPMENT
10,000 SF
10,000
SF
2.5K
2.5K
JUNIOR
ANCHOR
Breezeway
Store
31,900
SF
Trash
Department
CO-ANCHOR
Breezeway
P ha se 1
5,000 SF
31,900 SF
Park
Breezeway
Breezeway
GROCERY
Grocery
53,100 SF
STORE
53,100 SF
Expansion
Expansion
Area
Area
11,900 SF
Trash
Loading
145
Loading
5,000
4,000
71
148
JUNIOR
ANCHOR
12,000 SF
12,000 SF
248
Future
Retail
21,210 SF
1
Future
Retail
14,000 SF
Daycare
2
MOVIE
Cinema
35,000 SF
THEATER
3
10
35,000
SF
9
4
8
5
155
6
2,330
P.H.
SF
7
10,000 SF
Community
Center
7,625 SF
QUEEN ANNE’S
VILLAGE CENTER
RESIDENTIAL
UNITS
L AN D U S E S U MMARY
Area
COMMERCIAL
274,360 SF
Retail (Tenants)
Retail (Out Parcels)
28,315 SF
Total Commercial
302,675 SF
CIVIC USES
10,000 SF
Daycare
7,625 SF
Community Center
3,500 SF
EMS Station
21,125 SF
Total Civic Uses
318,480 SF
TOTAL NEW CONSTRUCTION
PARKING REQUIRED
Retail Parking Req. (302,675 SF x 4.00/1,000)
1,210 Spaces
Additional Cinema Parking Req.
205 Spaces
Phase II Total Surface Parking Req.
1,415 Spaces
Phase II Total Surface Parking Provided
1,624 Spaces
T6 Neighborhood Village Center (Mixed Use)
27.36 Acres
T5 Medium Residential (Townhomes)
Approx. 1,000’
Critic al Area Line
5.35 Acres
T4 Low Residential (Single Family) *
46.53 Acres
T1 Countryside / Greenbelt
Environmental
Preser ve Area
5.75 Acres
Total Land Use
84.99 Acres
*Includes: Village Green
3.16 Acres
Community Center
0.90 Acres
Daycare
2.00 Acres
Community Park
2.37 Acres
Total
GOOD
HAND
CREEK
8.43 Acres
ROAD
0’
100’
50’
400’
200’
NEIGHBORHOOD VILLAGE CENTER, N.V.C. | QUEEN ANNE’S COUNTY, MD - CONCEPTUAL GROUND PLAN : PHASE II
ROY HIGGS INTERNATIONAL, LLC
NORTH
18 NOVEMBER 2014
Site Plan:
S. PINE
Y
ROAD
S afeway
S afeway
Express
18
Pha se II
MAIN STREE T
18
5,500
4,665SF
4,665
5,500
SF
6,550
6,550
SFSF
53
5,800SF
SF
5,800
5,800
5,800SF
SF
534
260
M
RO
0’ F
50
UR
CH
FUTURE
DEVELOPMENT
CH
FUTURE
DEVELOPMENT
10,000 SF
31,900 SF
2.5K
2.5K
2,500
SF
2,500
SF
BEER
&5,000
WINE
SF
Trash
CO-ANCHOR
31,900 SF
JUNIOR
SF
10,000
ANCHOR
Breezeway
Department
Store
Breezeway
P h ase 1
5,000 SF
Park
Breezeway
Breezeway
11,900 SF
53,100 SF
145
4,000
5,000
Loading
5,000
SF
4,000
SF
71
148
Future
Retail
21,210 SF
35,000
35,000
SF SF
10
3
9
4
8
5
14,000 SF
7
155
6
SF
248
Future
Retail
10,000 SF
P.H.
12,000 SF
= ANCHOR
Daycare
1
2
MOVIE
Cinema
THEATER
JUNIOR
ANCHOR
12,000 SF
2,330
KEY
= RESTAURANT
GROCERY
Grocery
STORE
53,100 SF
Trash
Loading
= RETAIL
Expansion
Expansion
Area
Area
Community
Center
7,625 SF
Elevations:
Lifestyle Retail with Restaurants & Theater
NEIGHBORHOOD VILLAGE CENTER, N.V.C. | QUEEN ANNE’S COUNTY, MD - NORTHWEST ELEVATION
ROY HIGGS INTERNATIONAL, LLC
Junior Anchor & Other Storefronts
SCALE: 1” =40’-0”
4 DECEMBER 2014
Harris Teeter Anchored