superb dining Our upscale retail and options attract a certain type of customer. The right one. #GrandBlvdFL A GRAND EXPERIENCE. IN EVERY SENSE.

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Our upscale retail and superb dining options attract a certain type of customer. The right one. A GRAND EXPERIENCE. IN EVERY SENSE. #GrandBlvdFL a howard group merchants retail partners development

650,000 Ignite their senses. OF EXISTING Including the sense that they re in the center of it all. SQUARE FEET RETAIL FPO RE STAURANT OFFICE & HOTEL $153,000 AVERAGE HHI OF SOUTH WA LTO N VISITOR S Customers who demand quality and an upscale experience come to the 650,000 square feet of existing specialty retail and signature restaurants, premium office space, and hotel accommodations in Grand Boulevard at Sandestin. With plans for the center to exceed 1M square feet upon completion, it s clear to see how Grand Boulevard is a grand experience in every sense. These customers are waiting for you. Located at the center of Florida s renowned stretch of pristine sugar-white beaches and Gulf Coast communities where the affluent both vacation and reside, Grand Boulevard features an array of exclusive boutiques, renowned retailers and specialty shops tailored to these customers. Considering that the average household income of South Walton visitors is $153,000, your store will be positioned for success the moment you open your doors.

When you're always in the center of the action, people tend to notice you. Grand Boulevard is not your run-of-the-mill shopping mall. In fact, it s quite the opposite. And consumers like that. This 50 million lifestyle Town Center development is specifically designed to generate a sense of excitement and demand among the affluent residents and visitors of this region. 5 MILLIO0N lifestyle To retail dev wn Center elopmen t It starts with offering upscale retailers, restaurants and services nestled amid an open-air, coastal experience reminiscent of the Mediterranean. Then it s enhanced even further with the introduction of 170,000 sq. ft. of existing Class-A office space catered to professionals such as doctors, lawyers, architects and financial planners who also serve our customer base. Finally, Grand Boulevard includes 625 existing and planned full and select service hotel rooms and suites to attract and maintain visitors to our Town Center. Additionally, this includes two uniquely designed boutique hotels that will rival the very best this market has to offer, providing a constant stream of customers for our retailers and restaurants year-round. TW MARRIOOTT HOTELS just ste ps away HEAR ON TH righ

Most resort communities have a high season. W e h av e f o u r. Grand Boulevard is located in the heart of Florida s Gulf Coast s prestigious zip codes of Destin, Sandestin and 30A markets. This breathtaking region, known for its sugar-white sand and emerald green water, has become an oasis for affluent couples and families to both live and vacation. This mix of permanent residents, secondary homeowners and visitors provides Grand Boulevard the ability to benefit from a year-round season. SECOND HOMES IN THE REGION GROWTH RATE GROWTH RATE ANNUAL VISITOR SECOND HOMES IN THE REGION GROWTH RATE SECOND HOMES IN THE REGION SECOND HOMES IN REGION ANNUALTHE VISITOR ANNUAL VISITOR GROWTH RATE PERMANENT RESIDENTS SECONDARY HOMEOWNERS 900,000 permanent residents in our second homes in the region immediate market, from Pensacola to Panama City South Walton County homeowners fall growth rate since 2000 in Walton County, into the nation s top wealth demographic which is double Florida s overall growth rate Walton County is the 3rd fastest growing Walton County is the 3rd fastest growing county in the state of Florida Destin area named in the Top 10 Recession Resistant Cities for Real Estate by Forbes county in the State of Florida VISITORS 32 million visitor nights in Northwest Florida, serviced by four airports Visitor expenditures in South Walton total more than billion in economic spending and have a $3 billion economic impact annually, with dining and shopping expenditures topping the list just behind accommodations The average party size of visitors is four to six people with an average length of stay of seven nights ANNUAL VISITOR AIR TRAVEL South Walton County is serviced by airports: VPN (Destin/Fort Walton Beach) PNS (Pensacola International) DTS (Destin private plane airport) and ECP (Northwest Florida Beaches International)

Georgia Alabama Northwest Florida is the second most popular drive-to destination in Florida, boasting 32 million visitor nights annually. Grand Boulevard s location positions our tenants to capture the business of these affluent visitors. Our visitors are coming from Dallas, Nashville, New Orleans, Birmingham & Atlanta, and have an average household income of $153,000. Mississippi GR A ND BOU LE VA R D M A ST ER PL A N OUR VISITORS Pensacola Destin Gulf of Mexico Panama City Beach OUR MARKET Grand Boulevard s immediate market is from Pensacola to Panama City, and is home to 900K permanent residents. Grand Boulevard is easily accessible from the award-winning WaterColor, Seaside and Rosemary Beach communities of 30A, as well as the popular tourist destinations located in Okaloosa and Walton Counties. GRAND BOULEVARD S GROWTH With 650,000 square feet of existing specialty retail and signature restaurants, premium office space and hotel accommodations, and with plans for the center to exceed 1M square feet upon completion, it s clear to see how Grand Boulevard is a grand experience in every sense.

H o wa r d G r o u p A leader in emerging trends, Howard Group continues to set the industry bar for exceptional developments in Northwest Florida. Keith Howard creates retail, luxury and hospitality venues that appeal to the customer, while attracting the best retailers in the nation. Superior architecture, state-of-the-art Town Center environments, and stunning landscapes draw the most upscale retailers and affluent clientele. Howard Group s attention to detail and commitment to the region has produced unparalleled growth and opportunities, and keeps Howard Group at the forefront of the industry. www.howardgrp.com. 850.837.1886 M e r c h a n t s R e ta i l P a r t n e r s FPO Merchant Retail Partners (MRP) is a real estate investment firm specializing in commercial real estate development and acquisitions throughout the Southeast. MRP combines the size, strength and institutional closing power of its sponsor company with the responsiveness of a private firm. With more than 15 years of collective experience, MRP s leadership team has developed and managed more than billion of retail and mixed-use property across the Southeast. Headquartered in Birmingham, Alabama in the Protective Life Center, examples of MRP s current holdings are the Cullman Shopping Center in Cullman, AL, Tiger Town in Opelika, AL and Grand Boulevard at Sandestin.

ALTAR D STATE ANTHROPOLOGIE BILLABONG BOULEVARD 10 CINEMA BROOKS BROTHERS CHICO S COCO S BY M. CLINE DONNA BURGESS GALLERY FAB RIK FUSION ART GLASS FUSION SPA SALON AVEDA GRIMALDI S CRAFT BAR J. CREW-AT-THE-BEACH J. JILL J. MCLAUGHLIN KILWIN S CHOCOLATES, FUDGE & ICE CREAM LILLY PULITZER L OCCITANE MAGNOLIA HOUSE THE ORVIS COMPANY PRETTY PLEASE STARBUCKS PUBLIX FOOD & PHARMACY SUNGLASS HUT TOMMY BAHAMA S VINEYARD VINES WINE WORLD THE ZOO GALLERY ANTHROPOLOGIE ANOTHER BROKEN EGG CAFE CANTINA LAREDO GOURMET MEXICAN FOOD THE WINE BAR IN WINE WORLD JIMMY JOHN S FLEMING S PRIME STEAKHOUSE & WINE BAR MITCHELL S FISH MARKET P.F. CHANG S CHINA BISTRO TOMMY BAHAMA S RESTAURANT & BAR THE OVATION DINING CLUB AT BOULEVARD 10 CINEMA TRAVINIA ITALIAN KITCHEN & WINE BAR GRIMALDI S CRAFT BAR ALTAR D STATE ANTHROPOLOGIE BILLABONG BOULEVARD 10 CINEMA BROOKS BROTHERS CHICO S COCO S BY M. CLINE DONNA BURGESS GALLERY FAB RIK FUSION ART GLASS FUSI ON SPA SALON AVEDA GRIMALDI S CRAFT BAR * J. CREW-AT-THE-BEACH J. JILL J. MCLAUGHLIN KILWIN S CHOCOLATES, FUDGE & ICE CREAM LILLY PULITZER L OCCITANE MAGNOLIA HOUSE THE ORVIS COMPANY PRETTY PLEASE STARBUCKS PUBLIX FOOD & PHARMACY SUNGLASS HUT TOMMY BAHAMA S VINEYARD VINES WINE WORLD THE ZOO GALLERY ANOTHER BROKEN EGG CAFE CANTINA LAREDO GOURMET MEXICAN FOOD THE WINE BAR IN WINE WORLD JIMMY JOHN S FLEMING S PRIME STEAKHOUSE & WINE BAR MITCHELL S FISH MARKET P.F. CHANG S CHINA BISTRO TOMMY BAHAMA S RESTAURANT & BAR THE OVATION DINING CLUB AT BOULEVARD 10 CINEMA TRAVINIA ITALIAN KITCHEN & WINE BAR GRIMALDI S CRAFT BAR ALTAR D STATE ANTHROPOLOGIE BILLABONG BOULEVARD 10 CINEMA BROOKS BROTHERS CHICO S COCO S BY M. CLINE DONNA BURGESS GALLERY FAB RIK FUSION ART GLASS FUSION SPA SALON AVEDA 600 Grand Boulevard, Suite 203 850.837.1886 #GrandBlvdFL J. CREW-AT-THE-BEACH J. JILL J. MCLAUGHLIN Miramar Beach, FL KILWIN S 32550 CHOCOLATES, grandboulevard.com FUDGE & ICE CREAM L OCCITANE MAGNOLIA HOUSE THE ORVIS COMPANY PRETTY PLEASE STARBUCKS PUBLIX FOOD & PHARMACY TOMMY BAHAMA S VINEYARD VINES WINE WORLD THE ZOO GALLERY ANOTHER BROKEN EGG CAFE CANTINA LAREDO GOURMET MEXICAN FOOD THE WINE BAR IN WINE WORLD JIMMY JOHN S FLEMING S PRIME STEAKHOUSE & WINE BAR MITCHELL S FISH MARKET P.F. CHANG S CHINA BISTRO TOMMY BAHAMA S RESTAURANT & BAR THE OVATION DINING CLUB AT BOULEVARD 10 CINEMA TRAVINIA ITALIAN KITCHEN & WINE BAR GRIMALDI S CRAFT BAR ALTAR D STATE BILLABONG BOULEVARD 10 CINEMA BROOKS BROTHERS CHICO S COCO S BY M. CLINE DONNA BURGESS GALLERY FAB RIK FUSION ART GLASS FUSION SPA SALON AVEDA J. CREW-AT-THE-BEACH J. JILL KILWIN S CHOCOLATES, FUDGE & ICE CREAM LILLY PULITZER L OCCITANE MAGNOLIA HOUSE THE ORVIS COMPANY PRETTY PLEASE STARBUCKS PUBLIX FOOD & PHARMACY SUNGLASS HUT TOMMY BAHAMA S VINEYARD VINES WINE WORLD THE ZOO GALLERY ANOTHER BROKEN EGG CAFE CANTINA LAREDO GOURMET MEXICAN FOOD THE WINE BAR IN WINE WORLD JIMMY JOHN S FLEMING S PRIME STEAKHOUSE & WINE BAR MITCHELL S FISH MARKET P.F. CHANG S CHINA BISTRO TOMMY BAHAMA S RESTAURANT & BAR THE OVATION DINING CLUB AT BOULEVARD 10 CINEMA TRAVINIA ITALIAN KITCHEN & WINE BAR GRIMALDI S CRAFT BAR ALTAR D STATE BILLABONG BOULEVARD 10 CINEMA BROOKS BROTHERS CHICO S COCO S BY M. CLINE DONNA BURGESS GALLERY FAB RIK FUSION ART GLASS FUSION SPA SALON AVEDA J. CREW-AT-THE-BEACH J. JILL KILWIN S CHOCOLATES, FUDGE & ICE CREAM LILLY PULITZER L OCCITANE MAGNOLIA HOUSE THE ORVIS COMPANY PRETTY PLEASE STARBUCKS PUBLIX FOOD & PHARMACY SUNGLASS HUT TOMMY BAHAMA S WINE WORLD THE ZOO GALLERY ANOTHER BROKEN EGG CAFE CANTINA LAREDO GOURMET MEXICAN FOOD THE WINE BAR IN WINE WORLD