PHASE II AND PHASE III EXPANSION

Transcription

1 MAIN STREET PROMENADE PHASE II AND PHASE III EXPANSION Expansions Opening 2014 & 2016 S. Ave. Downtown Naperville, IL EXTRAORDINARY RETAIL & RESTAURANT OPPORTUNITIES for leasing information please contact: NICHOLAS E. PETERS Senior Vice President SHARON KAHAN First Vice President

2 MAIN STREET PROMENADE STREET VIEW RENDERING MAIN STREET PROMENADE VIEW OF TENANT SIGNS FACING WASHINGTON ST

3 MAIN STREET PROMENADE UPDATED 2-STORY VIEW FROM VAN BUREN AVE & MAIN ST MAIN STREET PROMENADE VIEW FROM MAIN ST, BENTON AVE TO VAN BUREN AVE

4 MAIN STREET PROMENADE PHASE II AND PHASE III EXPANSION Downtown Naperville offers big city shopping in a small town atmosphere. The town has grown from a settlement of 180 residents in 1831 to141,853 residents in Throughout this growth, Naperville has retained its quality of life. The residential & business communities are proud of their heritage and work together to foster a healthy economy. One outstanding feature of the downtown region is the beautiful Naperville Riverwalk, Paddleboat Quarry, and Centennial Beach and Park. The Riverwalk is a draw for tourists and locals alike, generating foot traffic throughout the many streets of the shopping district. Downtown Naperville is a shopping and restaurant destination that appeals to shoppers, business people and diners of all ages. With a merchant mix of national favorites and local trend-setters, the region has something for everyone as it pulls customers from over 150 zip codes in the many surrounding communities. There are over 90 traditional retailers, over 42 restaurants, 19 specialty food emporiums and 26 beauty and fitness boutiques in the immediate downtown. In addition, the daytime population is fed by over 125 service businesses, including attorneys, dentists, medical, financial and other office uses, which ensure a steady flow of employees and visitors who shop the stores and dine at the restaurants while in downtown Naperville. Main Street Promenade opened in 2003 and enjoys tremendous success. AFTER 8 SUCCESSFUL YEARS, MAIN STREET PROMENADE IS EMBARKING ON AN EXCITING EXPANSION ADDING APPROXIMATELY 50,000 SF OF RETAIL SPACE TO THE EXISTING 40,000 SF. Once complete, Main Street Promenade will feature over 90,000 SF of specialty retail and restaurant tenants, surrounded by over 1,200 car free public parking. Also, over 60,000 SF of additional office space is planned above the new stores, for a total of approximately 140,000 SF of office area, further enhancing the daytime population to shop at Main Street Promenade. Space will be delivered for Phase II in June Phase III is projected to open in The expanded retail line-up will further enhance the success of Main Street Promenade and its tenants.

5 FEATURES 898-car parking deck and 129 & 111-car parking lots Spaces from 1,700 SF to as many as 20,000 SF, with many floor plan options Within walking distance of the Metra train A balanced mixed-use project with retail, office, and multi-housing Current retailers in Downtown Naperville enjoy well above average sales for the greater Chicago area CO-TENANCY

6 MAIN STREET PROMENADE - SITE PLAN 898 CAR PARKING DECK BENTON AVENUE AVAILABLE FOR RETAIL OR RESTAURANT RETAIL TENANT 8 ±3,685 SF AVAILABLE FOR RETAIL OR RESTAURANT RETAIL TENANT 7 ±5,174 SF NEGOTIATING LEASE ±942 SF VAN BUREN AVENUE N MAIN STREET

7 MAIN STREET PROMENADE TRADE AREA RETAIL MAP

8 MAIN STREET PROMENADE DEMOGRAPHICS RESIDENTIAL DAYTIME 1.5 mile radius 3 mile radius 5 mile radius 1.5 mile radius 3 mile radius 5 mile radius 2013 Estimated Population 27,890 92, , Projected Population 28,409 94, , Census Population 27,531 90, , Census Population 26,571 86, ,378 Growth % 1.87% 1.56% Growth % 2.59% 2.12% 2013 Estimated Median Age Estimated Average Age Estimated Households 10,824 34,669 80, Projected Households 11,105 35,730 82, Census Households 10,610 33,960 78, Census Households 10,480 31,293 71,879 Growth % 2.09% 1.88% Growth % 3.06% 2.64% 2013 Est. Average Household Size Est. Median Household Income $78,613 $85,111 $84, Prj. Median Household Income $81,832 $88,057 $88, Cen. Median Household Income $74,439 $82,039 $80, Est. Average Household Income $113,465 $114,890 $113, Estimated Per Capita Income $44,036 $43,177 $42, Estimated Housing Units 11,502 36,535 84, Estimated Occupied Units 10,824 34,669 80, Estimated Vacant Units 678 1,866 3, Est. Owner Occupied Units 7,355 24,234 57, Est. Renter Occupied Units 3,469 10,435 22, Est. Median Housing Value $322,777 $303,140 $281, Est. Average Housing Value $378,527 $340,014 $316,403 Total Number of Employees 27,018 79, ,262 - Architecture and engineering 165 (.6%) 899 (1.1%) 1,818 (1.2%) - Arts, design, entertainment, sports, 445 (1.6%) 1,224 (1.5%) 2,507 (1.6%) and media - Building and grounds cleaning and 1,176 (4.4%) 2,778 (3.5%) 5,111 (3.3%) maintenance - Business and financial operations 1,115 (4.1%) 4,433 (5.6%) 8,866 (5.6%) - Community and social services 809 (3.0%) 1,551 (2.0%) 2,552 (1.6%) - Computer and mathematical 483 (1.8%) 1,909 (2.4%) 3,491 (2.2%) - Construction and extraction 681 (2.5%) 3,150 (4.0%) 9,036 (5.7%) - Education, training, and library 1,930 (7.1%) 3,548 (4.5%) 7,091 (4.5%) - Farming, fishing, and forestry 23 (.1%) 151 (.2%) 442 (.3%) - Food preparation and serving 1,153 (4.3%) 2,734 (3.5%) 5,068 (3.2%) related - Healthcare practitioners and 4,174 (15.4%) 6,337 (8.0%) 9,286 (5.9%) technical - Healthcare support 1,031 (3.8%) 1,792 (2.3%) 2,775 (1.8%) - Installation, maintenance, and 910 (3.4%) 3,231 (4.1%) 6,562 (4.2%) repair - Legal 148 (.5%) 441 (.6%) 733 (.5%) - Life, physical, and social science 133 (.5%) 532 (.7%) 931 (.6%) - Management 1,746 (6.5%) 5,578 (7.1%) 11,199 (7.1%) - Office and administrative support 4,108 (15.2%) 13,127 (16.6%) 25,633 (16.3%) - Personal care and service 1,751 (6.5%) 5,512 (7.0%) 10,821 (6.9%) - Production 475 (1.8%) 2,521 (3.2%) 6,920 (4.4%) - Protective service 587 (2.2%) 1,107 (1.4%) 1,915 (1.2%) 2013 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.