THE NEW HUB OF STATEN ISLAND

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1 THE NEW HUB OF STATEN ISLAND

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3 BE PART OF SOMETHING BIG Kimco has recognized the great potential in Staten Island and we re transforming the already ideally located Hylan Plaza into a shopping center befitting this growing borough. Welcome to THE BOULEVARD - the premier downtown hub on the Hylan Boulevard commercial corridor. Without a doubt, Staten Island is in the midst of a renaissance. Already New York City s wealthiest outer borough, planned projects and new amenities are expected to attract millions of tourists and add 14,000 jobs to the area over the next five years. Retailers are flocking to the underserved Staten Island market for its combination of strong population density, high income levels, and projected growth. Soon they ll be flocking to THE BOULEVARD - we ll see you there. 3

4 ELIZABETH, NJ BAYONNE, NJ 278 PROPOSED EMPIRE OUTLETS Forest Avenue BROOKLYN, NY WOODBRIDGE, NJ 440 Richmond Ave. Rockland Ave. STATEN ISLAND MALL Clarke Ave. Hylan Blvd. Richmond Rd. Amboy Rd AVERAGE HOUSEHOLD INCOME $150,000 or more $100,000 to $150,000 $75,000 to $100,000 $50,000 to $75,000 Less than $50,000 Popstats, 2010 Census, Q Revised, TAS 4

5 STATEN ISLAND S EXPLOSIVE POPULATION GROWTH SIGNIFICANTLY SURPASSES OTHER NYC BOROUGHS. Over the last two decades, the Island s population has increased by an astounding 24% - more than triple Manhattan s growth rate over the same time period. Staten Island is the largest among New York City s five boroughs, covering 60.9 square miles, a mere five miles from Manhattan, and one-half mile from Brooklyn. New Jersey is to the west, separated by the narrow Arthur Kill waterway. Four major bridges and the famous Staten Island Ferry connect Staten Island to its neighbors. Population, size and accessibility are not all the area has to offer. Staten Island has the highest per capita personal income of New York City s outer boroughs, in addition to the city s lowest unemployment rate. The location, population, and income benefits are even more attractive due to the fact that, like the other New York City outer boroughs, Staten Island s population is underserved by retailers. Residents are clambering for additional shopping and entertainment opportunities. Plans are underway for major improvements, including shopping and apartment complexes, hotels, parks, and other planned developments that are all part of Staten Island s current revitalization. 5

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8 A SEAMLESSLY CONNECTED MIX OF FASHION, RESTAURANT, ENTERTAINMENT AND NEIGHBORHOOD RETAIL. DEPARTMENT STORES SPECIALTY STORES RESTAURANTS GROCERY ENTERTAINMENT SERVICE NECESSITY 8

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10 SITE PLAN 440,000 square feet with spaces available from 1,500-80,000 square feet. Ground level retail shops and restaurants front a Main Street plaza, featuring sidewalk activity and outdoor dining. MILL ROAD Abundant parking is located entirely on the ground level. HYLAN BOULEVARD Proposed new retail stores Existing retail stores Parking covered by second floor above EBBITTS STREET GROUND FLOOR 10

11 The second level accommodates larger anchor tenants and entertainment attractions. MILL ROAD Convenient vertical circulation by stairs, elevators, and escalators provide a seamless shopping experience across two levels. HYLAN BOULEVARD The rear of the second level is constructed on stilts to accommodate covered parking on the ground level below. EBBITTS STREET SECOND FLOOR 11

12 MORE THAN JUST A PLACE TO GO - IT S THE PLACE TO BE. 278 Forest Avenue Strategically located in one of the main retail hubs of Staten Island, Hylan Plaza was already primed for success. With its unbeatable location along the heavily-trafficked major commercial corridor of Hylan Boulevard, the center is easily accessible from all parts of the Island. Richmond Ave. But we re taking it to the next level. Hylan Plaza is undergoing a transformation - THE BOULEVARD will be a newly constructed, multi-story lifestyle center providing a Main Street shopping experience. The complimentary mix of fashion, necessities, restaurants, and entertainment is sure to draw a crowd. Lively sidewalk activity, outdoor dining, and window shopping will make THE BOULEVARD - the premier downtown hub on Hylan Boulevard. 440 Hylan Blvd. TRAFFIC COUNT: 60,000 CARS PER DAY DRIVE TIMES: 10 Minutes 12 Minutes 12

13 278 STATEN ISLAND - THE UNDER-RETAILED BOROUGH RETAIL SF PER CAPITA STATEN ISLAND STATEN ISLAND STATEN ISLAND STATEN ISLAND STATEN ISLAND VS. VS. VS. VS. VS NASSAU/SUFFOLK LONG ISLAND LONG ISLAND LONG ISLAND LONG ISLAND 10 MIN. 12 MIN ESTIMATES STATEN ISLAND DRIVE TIME DRIVE TIME Total Population 475, , ,997 Total Households 167,921 84, ,657 Avg. Household Income $91,408 $93,747 $92,780 Med. Household Income $74,783 $76,805 $76,434 Popstats, 2010 Census, Q4 2015, Trade Area Systems 13

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16 FOR MORE INFORMATION, CONTACT A REPRESENTATIVE: TOM PIRA Senior Director of Real Estate 3333 New Hyde Park Road New Hyde Park, NY (516) tpira@kimcorealty.com NICHOLAS BROWN Vice President of Development, Northeast Region 3333 New Hyde Park Road, New Hyde Park, NY (516) nbrown@kimcorealty.com JOSH WEINKRANZ President, Northeast Region 3333 New Hyde Park Road New Hyde Park, NY (516) jweinkranz@kimcorealty.com DAVE SALVAGE Vice President of Leasing & Asset Management, Northeast Region Two Newton Executive Park, Newton, MA (617) dsalvage@kimcorealty.com STATEN ISLAND, NEW YORK Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America s largest publicly traded owner and operator of open-air shopping centers. The company owns interests in over 500 U.S. shopping centers comprising 86 million square feet of leasable space across 35 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit the company s blog at blog.kimcorealty.com, or follow Kimco on Twitter at Managed by an affiliate of