Leasing Opportunity. Retail Intelligence. Shops at Focal Point. 31st Street and South Kedzie Avenue, Chicago, Illinois.
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1 Leasing Opportunity Retail Intelligence Shops at Focal Point 31st Street and South Kedzie Avenue, Chicago, Illinois
2 Transforming the Neighborhood Transforming Chicago s southwest side neighborhood, Focal Point Community Campus is a breakthrough model for urban community rejuvenation. Mixed-use Facility, Retail Component Focal Point will be a mixed-use healthcare facility and is being developed by Chicago Southwest Development Corporation (CSDC), a not-for-profit development corporation that focuses on creating unique and innovative community projects. Their focus is bringing together private and public partnerships that result in self-sustaining financial business models that support the needs of the community. A $436 million dollar new groundup development project, Focal Point will be a new community campus, located on an 11-acre site at 31st Street and South Kedzie Avenue, and will be over 1 million square feet. Focal Point will include various retail such as fashion retailers, restaurants and specialty stores. It will offer recreation facilities such as a soccer field, basketball courts and Olympic-sized pool. The site will be the home of a new complex for Saint Anthony Hospital, and will provide educational opportunities such as parenting classes, seminars, wellness programs. The community campus will also offer other services such as arts programs, entertainment, and a hospitality center for community members to rent for personal use. Parking, convenient public transportation, as well as child care are other great amenities Focal Point will have to offer. The community campus is a first of its kind development designed to empower the more than 400,000 residents in Chicago s west and southwest sides. Members of the nearby communities some of which include the Little Village, Pilsen, North Lawndale, Brighton Park, Back of the Yards, Archer Heights, Berwyn, Cicero, Chicago Lawn and Austin neighborhoods. $436 million dollar ground-up development Building Total - 905,000 square feet At a Glance Plans for the Focal Point Community Campus include: Focal Point will feature 233,000 square feet of retail offerings including fashion, food, dining and household items Located at 31st Street and South Kedzie Avenue, the market offers a dense population base of nearly one million people with an additional daytime population of 625,242 persons This prime intersection features 43,600 cars that pass by daily Focal Point is a few blocks away from Interstate 55, which has more than 172,000 cars daily and will feature signage on I-55 A recreation center, complete with a basketball court and half Olympicsize pool, providing a sanctuary for at-risk youth A hospitality center for community members to rent for personal use A child care center, offering parents a convenient location for quality child care An outpatient and specialty clinic, to meet a wide range of rehabilitative and health maintenance needs Job placement services and an education center, offering of variety of educational opportunities including a charter school and a trade school A variety of wellness programs that will provide information on topics such as healthy food preparation, parenting skills and more Hospital - 375,000 square feet 150 Beds - 75,000 square feet Retail - 233,000 square feet Education - 160,000 square feet Child Care - 12,000 square feet 1,200 Stall Garage - 384,000 square feet Recreation - 32,000 square feet Gross Building - 1,321,000 square feet Breakthrough Model for Urban Community Rejuvenation
3 Trade Area Demographics 1-Mile 3-Mile 5-Mile SUMMARY (2012) Total Population 57, , ,222 Households 12, , ,368 Average HH Size Business Population 9, , ,242 Medium HH Income $30,727 $30,311 $35,351 Average HH Income $41,788 $42,666 $52,129 Median Age Median Home Value $170,733 $180,002 $200,928 RACE & ETHNICITY (2012) White Alone 42.1% 38.4% 39.3% Black Alone 14.4% 21.1% 29.6% American Indian Alone 1.1% 0.8% 0.6% Asian Alone 1.2% 3.4% 5.2% Pacific Islander Alone 0.0% 0.0% 0.0% Some Other Race Alone 38.5% 33.4% 22.5% Two or More Races 2.8% 2.8% 2.8% Hispanic Origin (Any Race) 79.9% 67.6% 47.0% Diversity Index Source: ESRI ,242 daytime population avg. hh size ,222 persons avg. hh income $52,129 median age 30.8
4 Consumer Spending The southwest corridor is an under-served marketplace and offers huge opportunities in several merchandise categories including: clothing and accessories, furniture and home furnishings, electronics and appliances, and sporting goods hobby, books and music. Demand Supply Gap Leakage/Surplus MARKETPLACE PROFILE: 1-MILE Clothing and Clothing Accessories $10,604,522 $11,962,647 ($1,358,124) (6.0) Furniture & Home Furnishings $6,138,575 $5,385,327 $753, Electronics & Appliance Stores $5,903,340 $2,215,030 $3,688, $40,575,682 $21,037,199 $19,538, Sporting Goods, Hobby, Book & Music Grocery Stores $2,628,306 $976,116 $1,652, Miscellaneous Store Retailers $3,392,776 $4,822,068 ($1,429,292) (17.4) Clothing and Clothing Accessories $88,124,090 $84,291,741 $3,832, Furniture & Home Furnishings $50,473,993 $49,981,313 $492, Electronics & Appliance Stores $47,912,768 $14,126,220 $33,786, $332,550,889 $481,688,327 ($149,137,438) (18.3) MARKETPLACE PROFILE: 3-MILE Grocery Stores Sporting Goods, Hobby, Book & Music $21,405,007 $13,947,862 $7,457, Miscellaneous Store Retailers $28,436,800 $35,963,687 ($7,526,886) (11.7) Clothing and Clothing Accessories $322,037,146 $256,908,061 $65,129, Furniture & Home Furnishings $186,161,777 $140,924,489 $45,237, Electronics & Appliance Stores $173,167,202 $202,694,786 ($29,527,584) (7.9) $1,188,794,658 $1,331,105,373 ($142,310,715) (5.6) $77,614,689 $63,626,466 $13,988, $105,387,601 $112,938,461 ($7,550,860) (3.5) MARKETPLACE PROFILE: 5-MILE Grocery Stores Sporting Goods, Hobby, Book & Music Miscellaneous Store Retailers Source: ESRI 2013
5 Trade Area
6 Innovative, Financially Self-Sustaining Campus Saint Anthony Hospital leaders originated the idea for Focal Point and created the Chicago Southwest Development Corporation (CSDC) as a not-for-profit organization to develop and maintain the Focal Point property. A private/public partnership, Focal Point has been designed to be financially self-sustaining. The income from its for-profit elements will supplement the financial needs of the not-for-profit elements. This business model will set the standard for other communities and community campuses throughout the United States. City of Chicago s Support Mayor Rahm Emanuel knows that unless you dream big, it is impossible for big things to happen. Mayor Emanuel takes Daniel Burnham s mantra to make no small plans to heart. A new Opportunity Planning initiative, the City of Chicago has identified key community development areas as part of a comprehensive effort to maximize opportunities for neighborhood growth and community improvement and will be leveraging $2.9 billion including $330 million public funding and $2.6 billion in private funding - in new economic development, housing, and quality of life improvements for residents and businesses. Mayor Emanuel has targeted these seven communities of Bronzeville, the Eisenhower Corridor, Englewood, Little Village, Pullman, Rogers Park and Uptown to make these big plans. Chicago Sun-Times March 17, 2013 Mayor Rahm Emanuel A project like this will not only bring needed jobs to the North Lawndale and Little Village area; it will bring positive attention to Chicago across the country because of the innovative concept, said Mayor Rahm Emanual. (Quote retrieved from Chicago Southwest Development Corp. January 15, 2013)
7 Focal Point-Saint Anthony Hospital 2013 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
8 Leasing Opportunity Retail Intelligence As the leading retail service provider, Jones Lang LaSalle offers comprehensive retail services to meet the expanding needs of investors and occupiers of real estate. We set the mark for service, innovation and client satisfaction. We make it our business to exceed our clients expectations every day. For more information, please contact: Ashley Wagoner Associate, Retail Agency Leasing Tel Donn Fuller Senior Vice President, Development Services Tel Jason Trombley Vice President, Retail Tenant Representation Tel
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