Your Place. Our Place – Worthington Place.

Transcription

Market Overview
COLUMBUS AERIAL
COMPETITION Map
Demographics
Site Aerials
TOP PERFORMING RETAIL
SITE PLAN
Photos/Renderings
Development Team
Your Place. Our Place – Worthington Place.
WORTHINGTON, OHIO
INTERACTIVE
DETROIT
CINCINNATI
INDIANAPOLIS
PITTSBURGH
PHILADELPHIA
COLUMBUS
CLEVELAND
LOUISVILLE
COLUMBUS MARKET OVERVIEW
Positive economic indicators for retailers
• Projected population growth at 1.3% annually exceeds national average
• Unemployment rate of only 6.6% vs. 8.2% nationally
• Projected median household income growth of 3.7% annually vs. 2.2% nationally
MARKET OVERVIEW | COLUMBUS AERIAL | COMPETITION MAP | Demographics | SITE AerialS | TOP PERFORMING RETAIL
SITE PLAN | PHOTOS/RENDERINGS | DEVELOPMENT TEAM | BACK TO TABLE OF CONTENTS
INTERSTATE
71
Polaris Fashion Mall
23
Worthington Hills
Crosswoods
71
Worthington Square
33

River Ridge
315
Downtown Worthington
The Mall at Tuttle Crossing
62
INTERSTATE
270
Graceland Shopping Center
Easton Town Center
Columbus Aerial
• MSA Population – 1,936,351 32nd largest out of 366 in
the U.S.
• City Population – 787,033
15th largest out of 275 in
the U.S.
• Home to 55,100 Ohio State University students
Kingsdale Shopping Center
INTERSTATE
The Shops on Lane Avenue
70
INTERSTATE
270
INTERSTATE
670
INTERSTATE
71
INTERSTATE
SITE PLAN | PHOTOS/RENDERINGS | DEVELOPMENT TEAM 270
| BACK TO TABLE OF CONTENTS
COMPETITION Map
• Well-positioned asset, easily and quickly accessible from entire
metro area
• Over 90% of the population
of Columbus can reach
Worthington Place in 15 min or less
• Home to Nationwide Insurance,
Chase Bank, Owens Corning, Wendy’s and Limited Brands
• Columbus ranks #4 on Forbes’ list
of top 25 shopping cities in U.S.
Best of Both Worlds location – uniquely capturing both daily neighborhood shopping and
regional destination shopping.
Daily Trade Area
Destination Trade Area
Population Median HH Income Net Worth Monthly HH Expenditures Daytime Population
10 Min
Drive Time
Population 362,457
Median HH Income $58,189
Net Worth $478,050
Monthly HH $4,608
Expenditures
Daytime Population 606,151
40,221
$85,568
$763,126
$5,914
31,677
15 Min Drive Time
676,636
$61,007
$516,494
$4,820
249,710
DEMOGRAPHICS
Retail analysis by The Roan Report shows an unmet retail demand in the daily trade area of $222M annually, and
an unmet demand of $450M annually within a 10-minute drive.
EASTON
TOWN
CENTER
Columbus
THE MALL POLARIS
AT TUTTLE FASHION
CROSSING
PLACE
Columbus
Columbus
BEECH- CROCKER KENWOOD
WOOD
PARK
MALL
& LEGACY
Cleveland
Westlake
Cincinnati
ROCKWOOD
Cincinnati
POPULATION
DENSITY
1 mile
3 mile
5 mile
7,487
5,875
85,167 96,564
240,782 242,201
4,820
61,594
167,875
3,799
55,201
165,702
8,770
6,041
11,649
91,669 51,141 66,322
228,352 131,018 171,180
19,635
122,331
285,217
AVG. HH
INCOME
1 mile
3 mile
5 mile
$101,375 $69,852
$83,264 $62,009
$79,636 $63,543
$94,689
$93,904
$97,135
$135,300 $93,710 $110,884 $78,610
$96,224 $89,167 $109,992 $90,239
$94,176 $79,832 $93,453 $82,150
$77,780
$66,789
$62,803
MEDIAN HH
INCOME
1 mile
3 mile
5 mile
$86,931 $59,388
$68,755 $50,693
$64,506 $51,617
$76,575
$78,286
$78,927
$76,825
$78,306
$77,867
$70,795 $82,076 $62,071
$68,391 $85,701 $65,898
$60,658 $74,712 $59,083
$56,948
$45,467
$42,978
INCOME
$75K+
1 mile
3 mile
5 mile
1,604
14,557
38,667
767
9,992
26,403
1,079
12,531
33,022
864
10,567
30,449
1,972
15,984
34,673
1,416
11,186
25,049
1,777
10,205
23,620
3,301
13,444
28,959
INCOME
$100K+
1 mile
3 mile
5 mile
1,168
9,459
24,694
417
5,377
15,292
721
8,264
22,557
591
7,033
20,732
1,450
10,474
22,898
997
7,825
16,448
1,119
6,732
15,363
2,151
8,718
18,479
BACHELOR
DEGREE +
1 mile
3 mile
5 mile
3,382
29,038
79,597
1,110
19,419
50,198
2,069
22,760
61,245
1,558
19,419
54,245
3,230
29,446
66,464
2,275
17,193
36,796
3,407
18,807
44,776
7,128
28,097
62,272
DAYTIME
POPULATION
1 mile
3 mile
5 mile
14,221 14,024
91,737 68,276
249,637 207,593
20,788
75,772
143,681
18,344
72,792
166,338
12,497 9,037
18,459
83,267 46,085 67,403
199,771 103,980 196,503
15,579
103,328
372,710
>
N
I-270
WILSON BRIDGE ROAD
HWY 23 - HIGH STREET
>
N
WILSON BRIDGE ROAD
Intersection aerial
• 3,548 hotel rooms within 5 miles
• 1,087,259 annual visits to
Worthington Place
• 1.4M SF of office space within 1 mile
• Award winning school district serves 10,000 students
I-270
N>
I-315
BR
ID
GE
RO
AD
I-270
WI
LS
ON
N
<
N
SO
IL
W
I-270
G
ID
BR
D
OA
ER
Intersection aerial
• 20-acre mixed-use property
• Improved I-270/High Street interchange coming soon
1-270 – 162,500 daily car count
IMPROVED INTERSECTION
Hwy 23 (High Street) –
41,679 average daily
car count
FUTURE RESIDENTIAL/
HOSPITALITY
SIGNALIZED LIGHT
Wilson Bridge Road –
22,108 average daily
traffic count
LEFT IN, LEFT OUT
20-acre mixed use
POTENTIAL
THEATRE
POTENTIAL
OFFICE/HOTEL
ma-architects.com
• Entertainment District Designation
• 20-acre mixed use site with 130,000 SF retail/restaurant, 10,000 SF office space, 55,000 SF grocer.
• Residential/hospitality, entertainment potential
• 952 parking spaces or 5.6 per 1,000
Top Performing Retail
LEFT IN, LEFT OUT
WORTHINGTON SQUARE
worthington, ohio
The Shops at Worthington Place enjoys top-performing retail tenants and anchors with strong corporate commitments
to the center including:
• Kroger – Top sales per SF in north Columbus region (6 store region)
• Jos. A. Bank – Largest men’s clothing store in central Ohio, top 20% sales volume store out of 500+ stores
• Chico’s – #3 store in U.S. for the store classification
• Crabtree & Evelyn – #4 store in 15-store district that includes locations in 6 major cities
• First Watch – #2 restaurant out of 23 Ohio locations
• Pendleton – only Ohio store
• Talbots – Top 20 store nationwide* out of 900+ stores, been at The Shops at Worthington Place for 28 years
• Talbot’s Women – #3 store in chain, only Talbot’s Women’s in Columbus
• Urban Baggerie – Largest luggage store in Columbus area, top 2 largest and highest volume luggage store in state of Ohio
• New Leases: Panera & Learning Express
site p
9.2
© 2010, M
interactive site plan
Site Plan
Amanos
Exterior of
Children’s
Play Area
China Way
Community
Room
Children’s
Play Area
Athletic Apparel
Painting
Studio
Other Amenities
• WiFi
• Family restrooms
• ADA accessible vestibules
Interior Fireplace/
Flatscreen TV/
Soft Seating Areas
Exterior Lifestyle
Wing
Exterior Fireplace
Worthington Craft
Monkworks
Exterior Patio
Interior Fountain
and Soft Seating
Exterior Patio
Procare
Vision
SIGNED LOI
Guild
Everest Gear
Women’s Acces
ories
EXISTING TENANT
LOI NEGOTIATIONS
Dental Office
Exterior Patio
Over $10M in Upgrades
Worthington Place. A Shared Vision. – East Entrance
On January 25, 2011, The City of Worthington executed a tax incentive agreement
contributing future tax increases to project infrastructure.
ma-architects.com
Interior Fireplace/Flat screen
Seating
Areas/natural light
The ShopsTV/Soft
at WORTHINGTON
PLACE
north end interior
worthington, ohio
12.6.2011
© 2011, M+A Architects
June 10, 2011
ma-architects.com
The Shops at WORTHINGTON PLACE
South Entrance
88 Worthington Square - Worthington, OH 43085
According to the leading source of consumer data, The Neilson Company’s Restaurant Growth Index
ranks Columbus 28th out of over 200 major metro areas at top underserved restaurant markets.
south entry
12.21.2011
indoor/exterior CHILDREN’S PLAY AREA
THE SHOPS AT WORTHINGTON PLACE
INDOOR CHILDREN’S AREA
PODdesign.net
JANUARY 12, 2012
landscape architecture 100 Northwoods Blvd.
planning
Suite A
urban design Columbus, Ohio 43235
p614.255.3399
f 614.255.3999
ma-architects.com
lifestyle ENTRANCE
northeast
overall
keyentry
plan
1.12.2012
© 2012, M+A Architec
ma-architects.com
outdoor patios
elevation
overall
keystudy
plan
01.12.2012
CHICO’S
CRABTREE & EVELYN
ENTRY
FOUNTAIN
NORTH
JOS. A BANK
TALBOTS
paint facade
new canopy
new landscaping
repair concrete walk
new awnings
new doors
reseal & stripe
parking lot
ma-architects.com
WORTHINGTON DENTAL
at WORTHINGTON PLACE
Worthington DentalSquare
- Worthington, OH 43085
88 Worthington
elevation study
November 10, 2011
Development Team
Owners bring proven experience of development and redevelopment of over 2M SF including Easton Fashion District
(www.eastontowncenter.com) and the $50M remodel and reinvention of Corpus Christi’s only regional mall, La Palmera
(www.lapalmera.com).
Tom Carter
President of Real Estate Development Advisors (www.redevelopmentadvisors.com),
Carter resides in Worthington and was previously at Steiner + Associates, as Executive
Vice President of Development, where he developed Easton Fashion District
(www.eastontowncenter.com) in Columbus. Carter was a Partner at Trademark Property
Company where he developed Trademark’s largest mixed-use development to date, Watters Creek at Montgomery Farm (www.watterscreek.com) in Allen, TX.
Bill Morris
Principal for Morris-Floyd Capital Partners, Morris is an acquisition and re-development
expert. Formerly a Partner at Trademark Property Company, Morris developed
Trademark’s largest acquisition and re-development to date, La Palmera
(www.lapalmera.com) in Corpus Christi. Previously, through his own company
he has acquired and redeveloped over three million square feet of retail. With his
partner Walter Floyd, Morris has closed 6 acquisitions in the last 13 months. For more
information on Morris Floyd Capital Partners, go to: www.morris-floyd.com.
Walter Floyd
Floyd teamed up with Bill Morris to form Morris-Floyd Capital Partners in 2010,
bringing 19 years of experience in commercial real estate. A broker for NAI Huff
Partners, Floyd has consulted with corporations on their National Real Estate
decisions for over ten years, and has been responsible for leasing, disposition and
acquisition of over 9,000,000 square feet of office and industrial facilities
throughout the country.
TRADITIONAL LEASING INFORMATION
CASSIDY TURLEY
325 John H. McConnell Blvd.
Suite 250
Columbus, OH 43215
p. 614.241.4700
f. 614.241.4701
e.Kevin.James@cassidyturley.com
w.www.cassidyturley.com

Your Place. Our Place – Worthington Place.

Transcription

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