1535 Chestnut Street
A Flagship Retail Opportunity at
Philadelphia’s Highest Trafficked Corner...
BBRAHINPROPERTIES INC
1535 Chestnut Street Highest Foot Traffic Corner in the City
A FLAGSHIP RETAIL OPPORTUNITY
1535 Chestnut provides an unparalleled urban retail opportunity in an area of the City that has become the epicenter of retail activity.
With the highest average daily pedestrian foot count of almost 24,000, this Philadelphia corner is now one of the most coveted urban retail locations in the country.
PRIME AVAILABILITY
This site itself provides a multitude of possibilities, with 3 levels available totaling almost 23,000 sf.
A NATIONAL RETAIL DESTINATION
Within a demographic that is shifting toward younger, better educated, higher income shoppers,1535 Chestnut affords retailers a highly desirable and growing customer base.
Notable national retailers along Chestnut St include:
• Uniqlo• American Eagle Outfitters• Forever 21• Nordstrom Rack• Banana Republic Outlet• Bloomingdale’s Outlet (coming soon)• Target Express (coming soon)• Old Navy (coming soon)
BBRAHINPROPERTIES INC
The highest average daily pedestrian foot count of almost 24,000 people
72'-1"
109'-3"
72'-1"
109'-3"
72'-1"
109'-3"
SECOND LEVEL
GROUND LEVEL
LOWER LEVEL
Ches
tnut
Str
eet
Ches
tnut
Str
eet
Ches
tnut
Str
eet
16th Street
16th Street
16th Street
BBRAHINPROPERTIES INC
A Highly Sought After Location
With the third largest downtown population in the country, Center City Philadelphia has become an attractive location for both high-end and fast-fashion retailers who value a highly concentrated, cosmopolitan and diverse customer base.
1535 Chestnut St is a prime location in Center City, situated on the northeast corner of 16th and Chestnut Sts. 16th St is the main pedestrian pathway to Suburban Station and other key Center City SEPTA transportation stops. 16th St is also the direct vehicular thoroughfare to Rt 676 with its connection to Routes I-95 and I-76, which are the main highways servicing Philadelphia.
CENTER CITY PHILADELPHIA FAST FACTS
• 180,000 residents• 300,000 workers• 121,000 college students• 1,000,000 convention attendees• 3,000,000 annually occupied hotel room nights
Market St.
Walnut St.
Kennedy Blvd.
S. Penn Sq.Chestnut St.
Filbert St.
N. 1
5th
St.
N. 1
7th
St.
CityHall
611
3
3
611
611Stt.
1535Chestnut St
Arch St.
Cherry St.
Philadelphia
Sansom St.
S. B
road
St.
S. 1
5th
St.
S. Ju
nipe
r St.
S. 1
3th
St.
S. 1
2th
St.
S. 1
7th
St.
S. 1
6th
St.
Philadelphia
1
276
Delawar
e Rive
r
Pennsylvania
6119576
New Jersey
676
1535 Chestnut St
Foot Traffic That Drives Retail
Workers, visitors, and residents generate incredible foot traffic at 1535 Chestnut St. In fact, Philadelphia has more nearby residents walking to work than any other major American city.
1535 Chestnut St benefits from the highest foot traffic in the city, with almost 24,000 pedestrians per day during peak times.
Further, within the growing dynamic of center city foot traffic, the 1535 Chestnut St location has outpaced the city’s increased pedestrian traffic count by a wide margin, growing 48% in a one year period from October 2013 to October 2014.
In addition, the area encompassing 1535 Chestnut remains animated throughout the weekend and evening hours.
1535 Chestnut St has outpaced the city’s increased pedestrian traffic count by a wide margin, growing 48% in one year
BBRAHINPROPERTIES INC
Average Hourly Pedestrian Activity by Time of Day (December 2013 - October 2014)
Average Daily Pedestrian Activity by Weekday/Weekend (December 2013 - October 2014)
Early Morning
Morning Rush Hour
Late Morning
Late Afternoon
Evening Rush Hour
Evening Late NightLunch
Aver
age
Daily
Pede
stria
n Ac
tivity
1500 Block of Chestnut1600 Block of Chestnut
0
500
1,000
1,500
2,000
Time of Day Key: - Early Morning: 4am-6am- Morning Rush Hour: 6am-9am- Late Morning: 9am-11am- Lunch: 11am-2pm- Late Afternoon: 2pm-4pm- Evening Rush Hour: 4pm-7pm- Evening: 7pm-11pm- Late Night: 11pm-4am
Ave
rage
Dai
ly Pe
dest
rian
Act
ivity
17,881
20,473
16,916
20,923
0
5,000
10,000
15,000
20,000
25,000
30,000
1600 Block of Chestnut
1500 Block of Chestnut
Weekday
Weekend
Average Hourly Pedestrian Activity by Time of Day (December 2013 - October 2014)
Average Daily Pedestrian Activity by Weekday/Weekend (December 2013 - October 2014)
Early Morning
Morning Rush Hour
Late Morning
Late Afternoon
Evening Rush Hour
Evening Late NightLunch
Aver
age
Daily
Pede
stria
n Ac
tivity
1500 Block of Chestnut1600 Block of Chestnut
0
500
1,000
1,500
2,000
Time of Day Key: - Early Morning: 4am-6am- Morning Rush Hour: 6am-9am- Late Morning: 9am-11am- Lunch: 11am-2pm- Late Afternoon: 2pm-4pm- Evening Rush Hour: 4pm-7pm- Evening: 7pm-11pm- Late Night: 11pm-4am
Ave
rage
Dai
ly Pe
dest
rian
Act
ivity
17,881
20,473
16,916
20,923
0
5,000
10,000
15,000
20,000
25,000
30,000
1600 Block of Chestnut
1500 Block of Chestnut
Weekday
Weekend
2014 Year-To-Date Pedestrian Activity by Season (December 2013 - October 2014)
1600 Block of Chestnut 1500 Block of Chestnut
Ave
rage
Dai
lyPe
dest
rian
Act
ivity
Source: Springboard Pedestrian Counts, Center City District
Spring SummerWinter* Fall
0
5,000
10,000
15,000
20,000
25,000
30,000
23,9
40
21,3
02
22,8
87
12,8
00
23,3
94
20,7
34
22,0
28
14,3
18
Desirable Daytime Population
1535 Chestnut draws from a highly skilled, well-educated, private-sector workforce of nearly 300,000 people that generated over $13 billion in payroll in 2011.
The number of workers within a walkable one-mile radius of 1535 Chestnut is 18 times higher than the number of workers within a one-mile radius of the largest suburban malls in the Philadelphia metropolitan area.
In addition to daytime employees, 1535 Chestnut also benefits from over 1 million convention attendees annually.
Source: OnTheMap - 2011, Local Employment Dynamics Partnership, U.S. Census Bureau
Worker Age Earnings
Retail Area Workers29 or
Younger 30-54 55 or Older$1,250/mo
or Less $1,251-$3,333/moMore than $3,333
per Month
Center City 251,498 52,511 149,420 49,567 30,239 70,028 151,231
King of Prussia Mall 28,400 8,290 15,293 4,817 5,500 6,962 15,938
Cherry Hill Mall 14,222 4,349 7,121 2,752 4,232 4,436 5,554
Workers Within a One-Mile Radius
Center City has nearly a 300,000 person workforce that generates over $13 billion in payroll
BBRAHINPROPERTIES INC
Residential Density and Growth
The center city residential population surrounding 1535 Chestnut has grown considerably to 180,000 over the last 10 years, making it the third largest downtown population in the U.S.
Fueling this growth are Millennials, entering their peak consumer-spending years, which represent more than 29% of the downtown’s population. Center City’s purchasing power is increasing, with household incomes averaging more than $107,000 and 75% of residents holding at least a bachelor’s degree.
In addition, residential growth has also been driven by an increasing number of families with children choosing to live in Center City. Since 2000, more than 26,500 children were born to Center City parents and the 2010 Census documented a 42% increase in the number of children under the age of five.
Residential growth has also been driven by an increasing number of families with children choosing to live in Center City.
Surrounding Retailers
Retailers surrounding 1535 Chestnut represent a varied mix of desirable businesses that make this area the epicenter of shopping among urban consumers.
It’s no surprise that the businesses on these corridors are a veritable who’s who among notable and national retailers.
NOTABLE CHESTNUT ST RETAILERS INCLUDE:
• Allen Edmonds• American Eagle Outfitters• Banana Republic• Bloomingdale’s Outlet (coming soon)• Boconcept• Boyds• Chipolte Mexican Grill• CVS• Del Frisco’s• Express• Footlocker• Forever 21• Fye• Gap• H&M• Indochino• J Crew• Jason Matthew• Knitwit• Men’s Wearhouse• Modell’s Sporting Goods• Nordstrom Rack• Old Navy (coming soon)• Rite Aid• Ruby Tuesday• Sephora• Sleepy’s• Staples• Starbucks• T-Mobile• Target Express (coming soon)• Uniqlo
NOTABLE WALNUT ST RETAILERS INCLUDE: • Aerosoles• Aldo• Alma de Cuba• American Apparel• Ann Klein• Ann Taylor• Apple• Athleta• Barnes and Noble Booksellers• Barneys New York• City Sports• Cole Han• Dr Martens• H&M• Lagos• Loft• Lucky Brand• Michael Kors• New Balance• Ralph Lauren• Steve Madden• Stuart Weitzman• Talbots• Theory• Tiffany & Co• Timberland• Tumi• Ulta• Urban Outfitters• Vans• Vince• Zara
Walnut Street Chestnut Street
Broad Street
15th St
16th St
17th St
18th St
20th St
LibertyPlace
Express
RittenhouseSquare
JcrewUniqlo
19th St
1535 Chestnut St
CityHall
Indochino
Mens Wearhouse
H&M
Ruby Tuesday
Chipolte
Nordstrom Rack
Forever 21
Sephora
DiBruno Bros
CamperAllen Edmonds
Boconcept
American Eagle Outfitters
Knitwit
Jason Matthew
T-Mobile
Blue Sole Shoes
Joan Shepp
Starbucks
Capital Teas
Boyds
Valiant
Blink
CVS
Gap Banana Republic Factory Store
Saxby’s Coffee
Barney’s New York
Anthropologie
LagosTumiLoftH&M
Athleta
ZaraDr Martens
Vans
Madewell
TD BankAnn TaylorAnn KleinStuart WeitzmanTimberlandMichael KorsVince
Aerosoles
Urban Outfitters
Alma de Cuba
UltaJack WillsAPPLENew Balance
American Apparel
Calypso
Lucky Brand
Theory
True Religion
City Sports
Cole Han
Modell’s Sporting Goods
FootlockerWells Fargo
Cheesecake Factory
Finish Line
H&R BlockQuizno’s
Staples
Del Frisco’s
Sleepy’s
Fye
Capital Grille
Banana RepublicRalph Lauren
Tiffany & Co
Williams and Sonoma
Thw Walking Company
LA Fitness
Lacoste
Barbour
North Face
DieselGap
T-Mobile
Chipolte
GuessLush
Starbucks
Qdoba
Ritz Carlton
1535 Chestnut Suite 200Philadelphia PA 19102Tel: (215) 563-7222Fax: (215) 563-2449Email: [email protected]
B r a h i n p r o p e r t i e s . c o m
For more information regarding this one-of-a-kind retail opportunity, please contact:
BBRAHINPROPERTIES INC