BOSTON MASSACHUSETTS

Transcription

1 BOSTON MASSACHUSETTS

2 THE VISION A New Era of Prestige. Simon is embarking upon a multimillion-dollar transformation of Copley Place into Boston s preeminent luxury destination, due for completion by Summer 2017 with the residential tower joining the Boston skyline in The multi-phase project includes expansion and renovation of the center s entire footprint, punctuated by Copley Tower luxury residences an icon of architecture and design set to transform Boston s skyline. This redevelopment will create an unparalleled shopping experience for the style-savvy Boston elite and sophisticated tourists that seek nothing less than best in class.

3 COPLEY PLACE BOSTON, MASSACHUSETTS

4 REIMAGINING AN ICON As Boston s most coveted shopping destination, Copley Place continues to enhance offerings and experiences for luxury consumers. Distinctive updates include: Complete, open-space concept renovations to interiors, exteriors, pedestrian connections and vertical transportation Extensive Neiman Marcus store renovation and expansion from 115,000 to 130,000 square feet Expansive new public atrium space with 25-foot ceilings enclosed by clear glass allowing the outdoors in New shop space and a dramatic water feature will provide a new impressive entrance into Neiman Marcus and Copley Place Redesign of Southwest Corridor Park into an urban garden oasis Elevated merchandise mix with luxury-focused experience on first level Addition of 52,000 square feet for premium retailers and restaurants Stunning 52-floor Copley Tower featuring luxury condominiums and apartments Upscale fast-casual dining

5 BOSTON S LUXURY DISTRICT Located at the heart of the affluent Back Bay, Copley Place is the destination for luxury residences, cutting-edge office space, upscale retail and much more. Situated on 9.5 acres, the 3.7-million-square-foot complex provides: 375,000 square feet of luxury retail 75 stores anchored by Neiman Marcus and Barneys New York The Copley Place Marriott (1,000 rooms) The Westin Copley Place (900 rooms) 860,000 square feet of renovated, modern office space 1,450-space parking garage Direct access to Back Bay transit station (17,000 riders daily)

6 REPRESENTATION OF REDEVELOPMENT 10

7 THE WORLD S MOST PRESTIGIOUS BRANDS Distinctive. Classic. Chic. Several of the world s premier, international brands have made a home at Copley Place, including Neiman Marcus, Barneys New York, Louis Vuitton, Dior, Tiffany & Co., Ermenegildo Zegna, David Yurman, Tory Burch, Montblanc, and more. As part of the renovation and remerchandising, Copley Place is adding several exclusive stores, while expanding or relocating others: L.K. Bennett (opened June 2015) CH Carolina Herrera (opened August 2015) Moncler (opened September 2015) CUSP by Neiman Marcus (opened February 2016) Tumi (expanded store opened May 2016) Tourneau (expanded store opening Summer 2016) Versace (opening Summer 2016) Arden Reed (opening Fall 2016) Tutti Nails & Spa (opening Fall 2016) Burberry (expanded store opening Fall 2016) More new stores will be announced for 2017 openings.

8 THE BEACON OF BACK BAY Copley Tower is slated to become the most sought-after address in Back Bay, Boston s most exclusive neighborhood. Conveniently located above the center s shops and within walking distance to the surrounding historic area, Copley Tower promises to transform Boston s skyline, increase the density of high-income professionals and sophisticated tourists, and signal a renewal of the city s luxury lifestyle. 52-floor tower and design landmark 421 apartments, 121 condos with direct retail access State-of-the-art fixtures and amenities

9 CULTURE MEETS COMMERCE With more than 135,000 daytime office workers within one mile of the center, Copley Place is reinventing the business landscape as well. Enhancements to the office space will bring the total square footage to 845,000, raising its profile above other commercial properties in the Back Bay submarket. Completed in Fall 2015, renovations included: New, modern lobby and common areas State-of-the-art security upgrades

10 A BRAVE NEW BOSTON A city reverent of its history, Boston has remade itself into one of the world s most prestigious and modern urban centers. As the jewel of Back Bay, Copley Place stands to epitomize Boston s new chapter of excellence and luxury experiences Combined market size of seven million (1.6 million more than Dallas-Fort Worth) Boston is the sixth largest metro area in the U.S. for households with incomes over $200K per year Home to more universities than any other U.S. city (Harvard University, MIT, Boston College, Berklee School of Music) Boston is the cornerstone for leading U.S. bio-tech and life-sciences companies

11 AN INTERNATIONAL TOURISM DESTINATION Boston hosts over 19 million domestic and international visitors each year, creating more than $9.1 billion in total spending impact. Ninth most visited U.S. city for overseas travelers (more than Chicago, Philadelphia, Seattle, Atlanta, Dallas, and Houston) 1.3 million tourists annually, with the United Kingdom, China, Germany, France, and Japan representing in highest numbers Spending by Chinese tourists is three times that of other foreign nationals, predominantly within high-end retail experiences High international student population creates two additional peak seasons for retail Chinese students studying in Boston is up 118% over a four-year period, making for 28% of international students

12 HOME SUITE HOME With more than 7,000 rooms, Back Bay offers a range of hotel accommodations for tourists seeking sophistication. The Boston Marriott Copley Place and The Westin Copley Place conveniently connect directly to the center via skywalk. Other accommodations in the city include: Boston Park Plaza Hotel Charlesmark Hotel The Colonnade Hotel Copley Square Hotel Eliot Hotel The Fairmont Copley Plaza Hotel Four Seasons Hotel Hilton Back Bay Hyatt Regency Boston The Lenox Hotel Liberty Hotel Loews Boston Hotel Mandarin Oriental Hotel The Ritz-Carlton Sheraton Hotel Taj Boston Hotel The W Hotel

13 REPRESENTATION OF REDEVELOPMENT 24

14 About Simon Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). Copley Place presents a unique opportunity for your brand. Please contact the following Simon leasing professionals for more information: Barney Quinn (317) bquinn@simon.com Ashley Hash (317) ahash@simon.com

15