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LORENA CROSSING | Introduction

MIXED USE LIFESTYLE CENTER

Welcome to Lorena Crossing. Located within a growing communityin Lorena, Texas, this development is a mixed use project that ispositioned to be a retail and living destination for the greater Wacoarea. The overall development offers high exposure for futureamenities and services set against a backdrop of multi-tenant andsingle family residences.

The vision is that this center will connect a tight knit community andbecome a hub for the community. It is a connection point wherepeople can work, live, and relax together.

A MASTER PLANNED DEVELOPMENT | LORENA, TX

CREED Development Services Deliveredwww.creedllc.com

LORENA

LORENA DEVELOPMENT | Stimulus

A MASTER PLANNED DEVELOPMENT | LORENA, TX 2

Property Highlights

• Just south of N Old Temple Road – East side of IH-35 North bound Service Road• Utility Service Available (sanitary sewer scheduled August completion)• 107,476 People within 10 Miles• $75,901 Average Household Income• Conveniently located in the Heart of the Community• Excellent visibility from busy Interstate 35• Newly Established On and Off Ramps for Direct Access• Traffic count at this intersection is over 68,000 cars per day• Shared Parking with Center• Around 250 new homes are planned for in the immediate area


PAD SITES AVAILABLE FOR

TOWN CROSSING – Work, Live, Play

FEATURE RESTAURANTS

HOTEL – National & Boutique

RESTAURANTS – Casual & Quick Serve

GROCERY/BIG BOX RETAIL

HEALTHCARE OFFICE

MULTIFAMILY COMMUNITY

SINGLE-FAMILY BROWNSTONE COMMUNITY

THEATRE

FLEX OFFICE PARK

OFFICE PARK PAVILION

LORENA DEVELOPMENT | Site Plan


GEOFFB-PC

Polygon

LORENA DEVELOPMENT | LorenaSurvey


Executive Summary76655, Lorena, Texas Prepared by Creed Commercial

Development, LLCRings: 5, 10, 15 mile radii Latitude: 31.40258Longitude: -97.20791

5 miles 10 miles 15 milesPopulation

2000 Population 18,580 83,946 173,4162010 Population 24,218 96,656 190,4232018 Population 26,841 107,476 207,6092023 Population 29,070 114,152 218,3552000-2010 Annual Rate 2.69% 1.42% 0.94%2010-2018 Annual Rate 1.25% 1.29% 1.05%2018-2023 Annual Rate 1.61% 1.21% 1.01%2018 Male Population 48.6% 48.4% 48.4%2018 Female Population 51.4% 51.6% 51.6%2018 Median Age 37.8 38.4 33.5

In the identified area, the current year population is 207,609. In 2010, the Census count in the area was 190,423. The rate of change since 2010 was 1.05% annually. The five-year projection for the population in the area is 218,355 representing a change of 1.01% annually from 2018 to 2023. Currently, the population is 48.4% male and 51.6% female.

Median Age

The median age in this area is 37.8, compared to U.S. median age of 38.3.Race and Ethnicity

2018 White Alone 81.8% 73.6% 65.2%2018 Black Alone 6.6% 9.6% 15.4%2018 American Indian/Alaska Native Alone 0.4% 0.6% 0.7%2018 Asian Alone 3.1% 2.1% 1.9%2018 Pacific Islander Alone 0.1% 0.1% 0.1%2018 Other Race 5.1% 11.0% 13.7%2018 Two or More Races 2.8% 3.0% 3.1%2018 Hispanic Origin (Any Race) 15.2% 24.6% 29.3%

Persons of Hispanic origin represent 29.3% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 73.7 in the identified area, compared to 64.3 for the U.S. as a whole.

Households2000 Households 6,512 32,347 64,2402010 Households 8,726 37,054 70,3542018 Total Households 9,676 41,065 76,6462023 Total Households 10,481 43,552 80,6592000-2010 Annual Rate 2.97% 1.37% 0.91%2010-2018 Annual Rate 1.26% 1.25% 1.04%2018-2023 Annual Rate 1.61% 1.18% 1.03%2018 Average Household Size 2.77 2.59 2.60

The household count in this area has changed from 70,354 in 2010 to 76,646 in the current year, a change of 1.04% annually. The five-year projection of households is 80,659, a change of 1.03% annually from the current year total. Average household size is currently 2.60, compared to 2.59 in the year 2010. The number of families in the current year is 49,566 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

January 18, 2019

©2019 Esri Page 1 of 2

Executive Summary76655, Lorena, Texas Prepared by Creed Commercial

Development, LLCRings: 5, 10, 15 mile radii Latitude: 31.40258Longitude: -97.20791

5 miles 10 miles 15 milesMedian Household Income

2018 Median Household Income $75,901 $57,142 $45,1442023 Median Household Income $79,969 $62,283 $50,3352018-2023 Annual Rate 1.05% 1.74% 2.20%

Average Household Income

2018 Average Household Income $89,901 $79,392 $65,5602023 Average Household Income $98,823 $88,207 $73,3952018-2023 Annual Rate 1.91% 2.13% 2.28%

Per Capita Income2018 Per Capita Income $32,446 $30,784 $25,0512023 Per Capita Income $35,668 $34,079 $27,9152018-2023 Annual Rate 1.91% 2.05% 2.19%

Households by IncomeCurrent median household income is $45,144 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $50,335 in five years, compared to $65,727 for all U.S. households

Current average household income is $65,560 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $73,395 in five years, compared to $96,109 for all U.S. households

Current per capita income is $25,051 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $27,915 in five years, compared to $36,530 for all U.S. households

Housing2000 Total Housing Units 6,662 33,954 68,785

2000 Owner Occupied Housing Units 5,010 20,997 37,2792000 Renter Occupied Housing Units 1,502 11,350 26,9622000 Vacant Housing Units 150 1,607 4,544

2010 Total Housing Units 9,115 39,849 76,8722010 Owner Occupied Housing Units 6,733 24,280 40,6682010 Renter Occupied Housing Units 1,993 12,774 29,6862010 Vacant Housing Units 389 2,795 6,518



Currently, 52.6% of the 82,592 housing units in the area are owner occupied; 40.2%, renter occupied; and 7.2% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 76,872 housing units in the area - 52.9% owner occupied, 38.6% renter occupied, and 8.5% vacant. The annual rate of change in housing units since 2010 is 3.24%. Median home value in the area is $144,083, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 3.72% annually to $172,976.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

January 18, 2019

©2019 Esri Page 2 of 2


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lorena crossing |introduction - loopnet...lorena crossing |introduction. mixed use lifestyle center....

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