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WEST CHESTER, OHIO | REGIONAL RETAIL DESTINATION 200,000 SF expansion Phase II coming.... Spring 2016

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Page 1: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

W E S T C H E S T E R , O H I O | R E G I O N A L R E T A I L D E S T I N A T I O N

2 0 0 , 0 0 0 S F e x p a n s i o n

Phase II coming....

Spring 2016

Page 2: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

R E T A I L

Kroger

Walmart

Costco

Target

Kohls

Meijer

Shopping Center

A.A.D.T.

Bridgewater FallsBed Bath & Beyond

JCPenneyDick’s

TJ MaxxBest Buy

Target

W E S T C H E S T E R , O H I O

Voice of America Ctr Target

MichaelsTJ Maxx

Tri-County MallDillard’sMacy’sSears

113,939 AADT19,680 AADT

28,894 AADT

19,050 AADT42,000 AADT

118,003 AADT

136,670 AADT

POPULATION573,677 persons live within 10-miles of Streets of West Chester**. The Streets of West Chester is surrounded by a very strong business population with a daytime population of 361,186 within 10-miles.

HOUSEHOLD INCOMEThe average household income within a 5-mile radius is $82,596 and is projected to grow by 10.5% to $91,642 by 2017. **The average household income in zip code 45069 (West Chester) is $93,186.

CONSUMER EXPENDITUREConsumer expenditures on apparel, footware and jewelry alone exceed $403 million annually (10-mile radius).

EMPLOYERSWest Chester is home of the national headquarters for AK Steel, GE Aviation’s Engineering Divisions and more.

**Esri - 2012, Updated March 2013

We s t C h e s t e r M S A F a c t s

West Chester Township, formerly known as Union Township, is a township located in the southeast corner of Butler County in the southwestern part of the U.S. state of Ohio. One of thirteen townships in the county, it is situated between Sharonville and Liberty Township about 18 miles (29 km) north of Cincinnati, and is included in the Cincinnati Metropolitan Area. Exits 19, 21 and 22 off Interstate 75 serve West Chester. It is the most populous township in Ohio, with a population at the 2010 census of 60,958.[1][2]

75

275

75

275

Page 3: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

IKEA said they “were attracted to the super-regional draw that this location in West Chester allows...West Chester was the best choice to call home.” * They welcome 36,000 shoppers every weekend! At the end of 2013, Bass Pro Shops purchased about 22 acres just south of the Streets of West Chester for its new store. As a part of the new store, Civic Centre Boulevard will be extended to Allen Road, which crosses over Interstate 75 to IKEA, a major retail draw in the region.

West Chester is the hottest office market in Cincinnatiwith Phase I of North Pointe office complex offering 400,000 sf of Class A, and Phase II an additional 300,000 sf.

Office workers spend about $195 per week on all expenses associated with going to/returning from work.

The average weekly spend on all goods and services by office workers in close vicinity of the person’s office building is $102.

The national average spend on goods and services is $129.18 per week; this amount soars to $146.52 per week in suburban areas.

* Provided by the West Chester Economic Development Committee Source: International Council of Shopping Center report, Office Worker Retail Spending in a Digital Age

West Chester Top Reasons

BloomburgsNewest additions to the suburbsBusy, affluent, young familiesMedian Age 33.8Highest concentration of two income householdsHome ownership is 88 percentTop segment for buying household furnishings, toys, games, TVs and cars

Sophisticated SquiresCultured country life on the urban fringeMostly married couple familiesMedian Age is 38.4 yearsMedian home value is $230,33380% of households own at least two vehiclesLike to barbeque

Up and Coming FamiliesYoung, affluent families with younger childrenMedian Age is 31.9Beginning their careersFirst-time homeownersEat out at family restaurants or buy fast food

Suburban SplendorFamilies who live in growing suburban neighborhoodsMarried couple both with and without childrenMedian Age 41.6Epitome of upward mobilityLive in large, luxurious homesDevote free time to family, travel and self-improvements pursuits

Aspiring Young FamiliesYoung, startup families with our without childrenMedian Age is 30.5Focused on family and homeGo online to look for jobs and to make purchasesPlay video games, watch TV and eat out

C o n s u m e r P r o f i l e S e g m e n t s

Page 4: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

• The Streets of West Chester is ideally located on Interstate-75, just two miles north of Interstate 275 at the Union Centre Boulevard interchange

• This project is a regional destination site capturing the explosive Northern Cincinnati area

• Tenants include AMC West Chester 18-screen Movie Theatre, Jos A Banks, Chico’s, Barnes & Noble, LOFT, J.Jill and more

• Restaurants include Bravo Italian, Mitchell’s Fish Market, P.F. Chang’s, Panera Bread, Red Robin, Steak N Shake, Smokey Bones and Champps

• The site provides excellent access and highway visibility

• Growing residential and office market features strong demographics

• Population within a 5-mile radius is 116,282 and 573,677 within a 10-mile radius

• Traffic counts of 42,000 cars on Union Centre Blvd. and 118,000 cars on Interstate-75

T H E D E V E L O P M E N T

Site Area: 110 Acres

Total GLA: 167,638 SF

Parking: 1,468 Spaces

Page 5: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

T H E E X P A N S I O N

Join Key Retailers

“Attracted to the super-regional draw that this location in West Chester allows...West Chester was the best choice to call home.

IKEA - Provided by the West Chester Economic Development Committee

Bass Pro Shops chose this development for its unmatched regional location; we consider this ground zero for Greater Cincinnati and Dayton.

Mike Dunham, Bass Pro Shops

“Streets of West Chester

Phase I

Proposed

Page 6: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

P H A S E I L E A S E P L A N

Tenant Unit Size

Available 9442 4,500

Available 9443 3,000

Available 9448-B 1,660

Available 9437-B 4,500

AMC West Chester 18 9415 82,000

Barnes & Noble 9455 25,000

Bravo! Cucina Italiana 9436 7,752

Chico’s Fashions 9439 2,603

J. Jill 9446 4,000

Jos A Bank 9440 4,000

LOFT 9450 6,000

Management Office 9448-A 1,000

Mitchells Fish Market 9456 7,500

Available 9437-A 1,500

PF Chang’s 9435 7,123

Sleep Number 9441 3,000

Smari Designs 9444 2,500

9455

9439

9435

9441

9443

9437

B

945

6

945

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A

9448

-B 9

446

944

4

944

2

944

0

943

6

9435

9437

A

Page 7: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

CIVIC CENTRE BLVD

ALLEN ROAD

VILLAGE CENTRE AVE.

0 TOLGDLBKRAPKRAP0 TOLKRAP

DATE: 555 Gest StreetCincinnati, Ohio 45203Tel: (513) 455-5005Fax: (513) 455-5008

STREETS OF WEST CHESTER06/23/2015

K4 ARCHITECTURE, LLC

SITE PLANSCALE: 1" = 100'-0"

OUTLOT #1 - 6,591 SF BUILDING SHOWNPARKING SPACES = 150GREENSPACE: 26%

OUTLOT #2 - 12,000 SF BUILDING SHOWNPARKING SPACES = 115GREENSPACE: 25%

OUTLOT #3 - 7,000 SF BUILDING SHOWNPARKING SPACES = 132GREENSPACE: 25%

OUTLOT #4- 10,000 SF BUILDING SHOWNPARKING SPACES = 129GREENSPACE: 25%

TOTAL PARKING SPACES = 526TOTAL LOT: 9.94 ACRESTOTAL IMPERVIOUS SURFACE: 7.42 ACRES

FILE LOCATION : X:\2013 Projects\2013 K4 Architecture\13-2006 Streets of West Chester- Retail Development\Design\ PLOT DATE: Jun 29, 2015-5:02PM

FILENAME: 2015 06-23 - 13-2006 - Streets of West Chester.dwg

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P H A S E I I L E A S E P L A N

Proposed Top Golf and Main Event and available outparcels with 3,200 - 11,000 sf for restaurants/retail space remaining for lease.

Page 8: Phase II coming Spring 2016 - JLL Property of... · Epitome of upward mobility Live in large, luxurious homes Devote free time to family, travel and self-improvements pursuits

For leasing information contact

312 Walnut Street, Suite 3030Cincinnati, OH 45202

Melissa Ruther + 1 513 477 1858

[email protected]

jll.com/retail

coming....Spring 2016

Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement.©2015. Jones Lang LaSalle. All rights reserved.