A SPECTRUM OF OPPORTUNITY

Transcription

1 THE COLLECTION

2 A SPECTRUM OF OPPORTUNITY In the heart of Orange County as part of the renowned master-planned Irvine Ranch, lies an area featuring a mix of residential, office, top-quality schools, medical facilities and retail known as Irvine Spectrum. Located near the 405, 5, and 133 freeways and the 241 toll road, the area offers superior access and visibility to more than half a million vehicles per day. 1 Further, the nearby Irvine Transportation Center and John Wayne Airport make commuting and traveling a breeze. Irvine Spectrum Center, Alton Marketplace, Alton DEMOGRAPHICS/FACTS Irvine is among the best US small cities in which to start a business. 6 Irvine ranked America s 6th best small city to live. 7 Irvine named as safest US city for eight consecutive years. 8 Irvine retail spending per household is nearly four times above the US national average. 9 Irvine Spectrum Center ranks #1 in restaurant sales for regional shopping centers in Orange County. 10 Total Irvine Company retail sales were up 7.3% in 2012 compared to national average of 5%. 11 Retail Center and Los Olivos Shopping Center comprise The Spectrum Collection, a combination of four unique shopping centers that together offer the opportunity to reach more than one million customers 2 and 80,000 employees 3 in the Irvine Spectrum area as well as 44 of the most affluent Orange County zip codes. Population Households Median Age Bachelors Degree or Higher 5-MILE 298, , % 10-MILE 1,064, , % All four centers are conveniently situated in one of Orange County s fastest growing business and Average Household Income $103,969 $109,207 residential communities as the Irvine Spectrum population is expected to add 50,000 residents and over 20,000 office workers 4 to the trade area by With average household income, retail goods spending and population with bachelor s degree or higher on the Irvine Ranch all being nearly double the US national average, this area is Total Employees Total Businesses HH Income By % $75,000 $99,999 $100,000 $149,999 $150,000 $199,999 $200, ,107 13, % 19.9% 10.6% 10.3% 643,755 56, % 20.0% 10.4% 12.6% positioned for success. 5 Go ahead and explore the awaiting opportunities!

3 THE FUTURE The four centers that comprise The Spectrum Collection serve the area in their own unique way but also influence customers to stay in the area longer and visit more frequently. Irvine Spectrum retail is especially important to meet the mounting needs of the growing office and residential communities, which are increasing beyond the standard yearly rates due to additional planned development. The area is a prime example of the live, work, play design. OFFICE Irvine Spectrum is already home to 3,500 companies ranging from Fortune 500 firms to cutting-edge start-ups. Companies located in the area are highly respected in the medical, professional services, technology, biotechnology, and automotive design industries. CoreLogic, Asics, Blizzard Entertainment, KPMG, Capital Group Companies, Taco Bell, Gateway, WATG, Mazda, Verizon Wireless and more all call Irvine Spectrum home. The area will add 4.9 million square feet of office space over the next several years. APARTMENT HOMES The Village Apartment Homes, voted best community in Orange County three years in a row 12, and soft-loft living at The Park Apartment Homes account for more than 3,000 apartments in the heart of Irvine Spectrum. Recently opened is Los Olivos Apartment Homes, directly across from Los Olivos Shopping Center, which adds more than 3,500 residents to the area. Two additional apartment communities are also planned for the area to offer another 2,800 potential customers to the retail centers. NEW HOMES Laguna Altura, Irvine s only coastal canyon village, recently opened four luxury neighborhoods at the junction of the 405 freeway and state route 133, offering The Spectrum Collection access to affluent customers. Additional future development will bring more than 32,900 homes to the area over the next several years.

4 LOS OLIVOS TM SHOPPING CENTER Just off the 405 freeway at Irvine Center Drive is Los Olivos Shopping Center, anchored by 24 Hour Fitness and Spectrum Montessori School. The center offers 62,200 square feet of food and service options to meet the needs of nearby office workers and residents; Phase II of the center will add approximately 100,000 square feet to the site. Directly across the street is the new Los Olivos Apartment Homes, which opened 1,750 units early An additional 1,950 homes are also planned in the same area across the street from the center.

5 ALTON MARKETPLACE Alton Marketplace offers exceptional freeway visibility and accessibility from its prime location off the 5 freeway at Alton Parkway. At 345,250 square feet, this power center is anchored by Walmart, Living Spaces Furniture, and PGA TOUR Superstore (opening late 2013) and is neighbor to Costco. ALTON RETAIL CENTER Alton Retail Center offers convenient access off the 5 freeway for commuters and the affluent Irvine Spectrum work force. This 16,000 square-foot retail center attracts professionals looking for dining choices and services close to work and features Starbucks Coffee, 7-Eleven, Bruegger s Bagels and more.

6 IRVINE SPECTRUM CENTER Irvine Spectrum Center is continually voted a top place to visit in Orange County for dining and entertainment since its opening in As one of the region s most popular shopping destinations, the 1.2 million-square-foot center is visited by more than 16 million people each year. The center offers an Italian 108-foot Giant Wheel and boasts a top performing comedy club and movie theater. The Irvine Spectrum office and residential customers, along with the broader trade area, are attracted to Irvine Spectrum Center for its unique mix of dining, entertainment and shopping an average shopping trip is 35% longer than the national average. 13

7 Irvine Company is one of the most respected and diversified private real estate companies in America. In addition to the balanced, sustainable master-planned communities it has created, the company is admired for its best-of-class real estate portfolio comprising retail and office properties, apartment and residential housing communities, and luxury resort properties in Orange County, San Diego, Los Angeles and Silicon Valley. Guided by an unwavering pursuit of excellence since 1864, the Irvine Company s vision like its history is long-term. 1 OCTA, ESRI, Irvine Company Office Properties, Stoffel & Associates, ESRI, Business Week, CNN Money, FBI Crime Rankings, City with a population larger than 100, Bundle.com, Stoffel & Associates, US Department of Commerce, Orange County Register, Intercept Study, For more information on opportunities within The Spectrum Collection, please contact our leasing team: 101 Innovation Drive Irvine, CA ShopIrvineCompany.com Irvine Company LLC, All Rights Reserved. Irvine Spectrum, Irvine Spectrum Center and Irvine Ranch are registered trademarks of the Irvine Company. Los Olivos is a trademark of the Irvine Company. All properties are offered for lease by Irvine Realty Company, a licensed real estate broker. Lic This information is compiled from data believed to be correct but Irvine Company makes no representation or warranty as to the accuracy or completeness of such data.