Shop. Dine. Connect. 540,000 Square Foot Mixed-Use Retail Destination MetroWest Boston: Intersection of I-495 & Route 119
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1 Shop. Dine. Connect. 540,000 Square Foot Mixed-Use Retail Destination MetroWest Boston: Intersection of I-495 & Route 119
2 A Once-in-a-Generation Retail Site. Only once in every generation a really great retail site come along. This is it. The first mixed-use retail destination of its kind in Boston s Metro/West. The Point is located at the intersection of I-495 and Route 119, just 2 exits North of Route 2. It is the preeminent retail location on I-495 s Think Belt, employing a contemporary design ideal for today s retail tenants. The Point serves an extraordinarily unserved and surprisingly strong market. The Point. It s here... and it s happening now.
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5 PROJECT AT A GLANCE 540,000 SF mixed-use retail destination 400,000 SF retail, cinema and restaurants Office, 120-room hotel and health club Located at epicenter of Boston s I-495 Think Belt Daytime population: 250,000+ hightech employees Visible to 130,000 cars per day on I-495 Shop. Dine. Connect.
6 THE BEST RETAIL LOCATION ON I Mile Radius 3 The Point is at the center of the high-tech universe - I-495 s Think Belt. A technology hotbed between GROTON CHELMSFORD Routes 2 and 3, the I-495 Think Belt is bursting with high-tech innovators like IBM, Red Hat and Cisco 2A WESTFORD located within minutes of The Point. Towns surrounding The Point are on virtually every 2 ACTON 3 retailer s most coveted list. Residents from affluent, well-educated communities like Concord, Groton, Acton, Westford, Chelmsford, Ayer, Harvard, and Carlisle are primed and ready to Get The Point. 110 HARVARD BOXBOROUGH CARLISLE CONCORD Shop. Dine. Connect.
7 Simply Different. Always Convenient. INTENSE VISIBILITY. EASY ACCESS. The Point offers unrivaled Interstate visibility with a half mile (2,600 feet) of frontage along I-495. I-495 s Exit 31 provides direct access to the project s doorstep on Route 119 making it easy for customers to... get right to The Point 129,349 ADT I-495 / Great Road, Littleton, MA Shop. Dine. Connect.
8 Demographics THE CENTER OF: Groton Chelmsford Westford Concord Acton Carlise Boxborough Harvard Drive time 5-Mile 7-Mile 10-Mile 15 Minutes 2015 Estimated Population 49, , , , Projected Population 52, , , , Estimated Households 18,339 37,287 89,930 95, Projected Households 19,463 39,364 94, , Est. Median HH Income $113,103 $113,606 $97,649 84, Daytime Employment 24,892 43, , , Business 1,892 3,745 9,213 10,105 Comparative Market Analysis (15-minute drive time) Littleton Natick Mansfield Bellingham Marlborough Nashua 2015 Estimated Population 261, , , , , , Projected Population 273, , , , , , Estimated Households 95, ,860 76,452 66, ,080 83, Projected Households 100, ,651 78,339 68, ,184 86, Est. Median HH Income $84,182 $97,831 $81,618 $94,055 $61,905 $73, Daytime Employment 130, , ,248 77, , , Business 10,105 14,765 8,107 6,631 12,303 8,421 Shop. Dine. Connect.
9 An Unserved and Surprisingly Strong Market Great Demos. The 2015 estimated median household income within a 5-mile ring is a surprising $113,103. Demographics are better than established markets on 495 The Employment Advantage. I-495 Think Belt is home to 250,000 high-tech employees at leading edge companies such as IBM, Red Hat, and Cisco. All located within minutes of The Point. With the continued recovery of high-tech jobs along the I-495 corridor, the daytime population has soared leaving the area starving for retail and in need of this type of development. Torin Taylor, Executive Director, Cushman &Wakefield Shop. Dine. Connect.
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11 Thousands of High Tech jobs at our front door, and growing CENTER OF EMPLOYMENT 3M AECOM (4 locations) Aspect Software Chelmsford Aspect Software Westford Barr Associates BTI Systems Cisco Systems (2 locations) Deluxe Corporation EMC Corporation FIBA Future Electronics IBM Mass Labs IBM Juniper Networks Nashoba Ski Mountain Nashoba Valley Medical Center Potpourri Group, Inc Red Hat Inc Zoll Medical Corporation Among the largest of the I-495 Think Belt tech firms is the IBM Mass Lab, IBM s largest software development Lab in North America. Less than a quarter mile from The Point, more than 2,220 high-tech software developers work on innovative technologies such as Watson. The Jeopardy champion Watson is a cognitive technology that processes information more like a human than a computer. Shop. Dine. Connect.
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13 The Point fills a gaping hole among the nearest distant retail locations Nashua PHEASANT LANE MALL THE LOOP Chelmsford 95 THE MALL AT WHITNEY FIELD 2 Groton 119 Littleton Westford Harvard Acton 495 Think Belt Concord 3 BURLINGTON MALL SOLOMON POND MALL 2 90 Boston NATICK MALL 95 Trade Area 93 Nearest Retail Centers Shop. Dine. Connect.
14 A Design for Today s Tenants.
15 The multi-level layout invites customers to find new surprises around each corner Architectural elements such as stone and brick nod to the local area s history while creative contemporary components such as metal and glass capture the area s modern technology influences Shop. Dine. Connect.
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17 The Point is the region s only destination that combines retail, restaurants,hotel, grocery and entertainment enabling you to Shop, dine, and connect - all in one place Customers enjoy amenities such as an old-time carousel, a vibrant outdoor market, a rock climbing wall and much more The Point s thoughtfully crafted master plan ensures that customers can efficiently navigate the center and find convenient parking Shop. Dine. Connect.
18 It s Here. It s Happening. It s Now! FINAL PHASE BREAKING GROUND! The final phase at The Point is under construction. Leasing for this phase is happening now. O neil Cinemas is coming and many of the latest fashion, sports, lifestyle, and entertainment retailers have already gotten The Point! Phase I is almost fully leased and Market Basket is open ahead of schedule. Starbucks, Vitamin Shoppe, AT&T, Digital Federal Credit Union and more are ready to open starting in January. An exciting menu of restaurants has already gotten The Point including Tavern in the Square, a trendy Hibaci-themed restaurant and a new seafood concept by Marcus Palmer. Marriott Courtyard's site is ready and they are about to begin construction. We are excited to begin the new Lifestyle Portion of this project. Get The Point before space is gone! Contact us today!
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20 Another Successful Development by: Retail Leasing Inquiries: Deborah Meyers, CCIM thepoint495.com PARAMOUNT PARTNERS COMMERCIAL REAL ESTATE SOLUTIONS Shop. Dine. Connect.
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