PALM BEACH FLORIDA Palm Beach County’s favorite shopping destination Highlights
SUPERB LOCATION ■ Ideally located off I-95 at Exit 71 on Palm Beach Lakes Blvd. ■ One-half mile of unobstructed highway visibility ■ Average daily traffic on I-95: 214,000
STRONG DEMOGRAPHICS ■ Over 1.5 million people live within 30 miles of the site. ■ 150,000 seasonal and second-home owners dramatically increase the base population for nearly six months a year. ■ 7.35 million people visit Palm Beach County each year.
FEATURING OVER 100 STORES INCLUDING BRAND FAVORITES SAKS FIFTH AVENUE OFF 5TH, CALVIN KLEIN, BROOKS BROTHERS, DKNY AND NIKE FACTORY STORE
2 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA OPPORTUNITYPalm Beach County’s first outlet center, Palm Beach Outlets features over 100 stores including brand favorites Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Outlet, J.Crew | crewcuts Factory, Nautica, Nike Factory Store, Talbots, Tommy Hilfiger, Under Armour and Vera Bradley. Ideally located off Interstate 95 on Palm Beach Lakes Boulevard in West Palm Beach, Palm Beach Outlets is the only outlet shopping center within a 55 mile radius. It is one of the region’s most visited shopping destinations, serving the unmet shopping needs of millions of residents and the 7.35 million annual visitors to Palm Beach County.
The site is already a strong retail destination. Palm Beach Outlets is adjacent to Marketplace at the Outlets, a regional shopping center with approximately 20 of the nation’s most popular brands: Bed Bath & Beyond, DSW Shoe Warehouse, Nordstrom Rack, Old Navy, PetSmart, Pier 1 Imports, T.J. Maxx, Ulta, and Whole Foods Market.
Some of the area’s newest attractions, including the Houston Astros Stadium just five miles from Palm Beach Outlets, will continue to have a positive impact on the center.
PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 3 LOCATION Unparalleled destination
■ Located in West Palm Beach in Palm Beach County; one of the nation’s most affluent areas ■ Easily accessible with location directly off Interstate 95 at Exit 71 ■ Superb visibility with one-half mile of unobstructed frontage on Interstate 95 10 ■ Average Daily Traffic on Interstate 95: 214,000 Pensacola Tallahassee ■ No other outlet shopping within 55 miles 10 Jac son ille ■ Approximately 7.35 million annual visitors to Palm Beach County in 2016, a 5.8 percent increase from Gains ille 95 the 6.9 million who visited in 2015. ■ Over 1.5 million people live within a 30 mile radius 75 Daytona Beach of the site.
Orlando “In 2016, Palm Beach County 4 95 “SUNSHINE STATE Tampa HAS ANOTHER BANNER YEAR saw a 7.3% increase in Florida-based FOR TOURISM.” Sarasota visitors, compared to 2015. FOX 29 ■ FEBRUARY 2017 The largest Florida growth markets 75 Palm Beach Boca Raton Fort Lauderdale were Miami/Fort Lauderdale with Miami an 11% increase and Orlando with a 9% increase in visitors.”
Discover the Palm Beaches ■ February 2017
4 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA E it 71 40,500 ADT Palm Beach La es Bl d. 16,300 ADT N. Congress A e
AVERAGE DAILY TRAFFIC I-95: 214,000 PALM BEACH LAKES BLVD.: 40,500
95
214,000 ADT
PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 5 The nearest outlet shopping mall is 55 miles south of Palm Beach Outlets.
Orlando Premium Outlets Vero Beach Outlets Orlando, Florida Vero Beach, Florida 175 MILES 75 MILES
98 95 17
27 Port Saint Lucie
70
75 710 1
Tequesta 29 Jupiter
98 Wellington
PALM BEACH OUTLETS IS THE ONLY OUTLET Delray Beach CENTER IN PALM 27 BEACH COUNTY. Boca Raton
95 Sa grass Mills Mall 75 Sunrise, Florida Fort Lauderdale 55 MILES
Dolphin Mall 41 Miami, Florida 80 MILES Miami
6 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA COMPETITION MARKETS Impressive residential and tourism markets
Palm Beach County is one of Florida’s wealthiest counties, with affluent towns such as Palm Beach, Jupiter Island, Manalapan, Juno Beach and Boca Raton dotting the coast. Add to that Wellington, an international equestrian destination, and Palm Beach Gardens, a golf haven. The result: A large population with impressive household incomes. Palm Beach County also has a robust tourism market.
DRIVE MARKET The majority of the drive market comes from within Florida and from Atlanta, Alabama, Charlotte, Raleigh/Durham, Baltimore, Dallas, and Houston.
BUS MARKET The tour bus market comes from the country’s Northeast Corridor, both during peak and off-peak seasons.
FLY MARKET “We had a historic number of visitors The award-winning Palm Beach International Airport serves over six million passengers annually, with 100 daily non-stop come to The Palm Beaches in 2016, departures to more than 25 destinations in the US, Canada and the Caribbean on 13 airlines. a remarkable eight years in a row of
TRAIN MARKET visitation growth.” In Fall 2017, Bright Line Fast Speed Train will open. The train will run from Miami to Downtown West Palm Beach with one stop in Jorge Pesquera, President and CEO between in Fort Lauderdale. Discover The Palm Beaches ■ February 2017
PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 7 DEMOGRAPHICS DEMOGRAPHIC ANALYSIS Population 10 Miles 15 Miles 20 Miles 30 Miles 50 Miles 2016 Estimated Population 641,607 990,587 1,175,387 1,573,824 3,379,661 2021 Projected Population 692,067 1,066,948 1,266,201 1,692,069 3,607,401 Historical Annual Growth 2000 to 2016 2.0% 2.2% 2.1% 1.8% 1.5% 2016 Adj. Daytime Demographics Age 16 Years or Over 530,416 754,849 901,029 1,300,957 2,729,943 2016 Median Age 40.2 41.5 43.2 44.2 42.2
Income 2016 Estimated Average Household Income $73,324 $79,806 $80,925 $85,152 $79,686 2016 Estimated Median Household Income $54,696 $60,486 $61,151 $63,588 $61,032
Households 2016 Estimated Households 252,386 390,626 476,457 650,085 1,357,046 2021 Projected Households 265,830 410,573 500,896 682,355 1,418,203
Education (Age 25+) 2016 Estimated Some College 20.3% 20.5% 20.6% 20.5% 20.6% 2016 Estimated Associates Degree Only 8.6% 9.0% 8.9% 8.9% 9.3% 2016 Estimated Bachelors Degree Only 17.2% 18.8% 19.4% 20.8% 19.5% 2016 Estimated Graduate Degree 9.9% 10.9% 11.4% 12.3% 11.1%
Business 2016 Estimated Total Businesses 32,805 47,001 55,372 81,010 176,945 2016 Estimated Total Employees 318,701 426,558 489,106 740,900 1,599,345
8 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA Residential Market 98 Palm Beach Outlets benefits from strong demographics: Nearly 1.5 million people make Palm Port Saint Lucie Beach County their permanent home and the 70 seasonal influx of approximately 150,000 seasonal 50 MILE RADIUS and second-home owners dramatically increases 710 1 this base population for nearly six months of the 95 year. Over 1.5 million people live within 30 miles of Tequesta Jupiter 30 MILE RADIUS Palm Beach Outlets and have an average household 27 income of $85,152. Palm Beach Gardens 20 MILE RADIUS 15 MILE RADIUS AVERAGE HOUSEHOLD INCOME OF 10 MILE RADIUS AFFLUENT TOWNS WITHIN 30 MILES 98 West Palm Beach Jupiter Island $308,447 La e Worth 29 Manalapan $294,771 Wellington Manalapan Palm Beach $229,680 Boca Raton $118,249 27 Delray Beach Palm Beach Gardens $111,997 Boca Raton PALM BEACH COUNTY
95 75 Fort Lauderdale 75
41 Mirmar
“Palm Beach is among the top destinations for vacation home buyers in the country, according to Barron’s Penta magazine.”
THE REAL DEAL
PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 9 TOURISM Palm Beach County hosts the annual FTI Winter Equestrian Festival and National and has the largest concentration of sport horses anywhere in the world. International Tourism Destination Palm Beach County is home to many of Florida’s finest resort hotels, including the PALM BEACH COUNTY TOURISM STATISTICS Boca Raton Resort and Club (1,047 rooms), ■ 7.35 million visitors annually. The Breakers (540 rooms), Four Seasons ■ More room nights—4.4 million in all—were booked Resort Palm Beach (210 rooms), the PGA in Palm Beach County in 2016, an increase of 2.3 National Resort & A $144M Spring percent from 2015. Spa (397 rooms), Training Facility for the ■ In 2016, 3 new hotels opened in West Palm Beach and Eau Palm Beach Houston Astros and adding over 1,000 rooms to the 16,000 rooms Resort & Spa Washington Nationals that existed in Palm Beach County prior to 2016. (309 rooms). (5 miles away) opened As many as 2,400 additional rooms are planned. Palm Beach for Spring Training in ■ Leisure travelers spend, on average, 3.5 nights County has Feburary 2017. A new and $1,400 per stay. premier Team Hotel opens in ■ Average visitor’s income is $94,000/year. performance 2018 adjacent to Palm ■ Prime tourism season is November-April. venues such Beach Outlets. as the Kravis Center for the Palm Beach County Performing Arts has numerous annual (2,654 seats and events, including an amphitheatre the Palm Beach accommodating International Boat “Last year, the county welcomed 1,400 patrons) Show, the Delray and the Norton Beach International 7.35 million visitors, a 5.8 Museum of Art. Tennis Championships, There are 160 world-class public and private and the American percent increase from the 6.9 golf courses and 47 miles of unspoiled beaches International Fine Art in Palm Beach County. Fair, to name a few. million who visited in 2015.”
Sun Sentinel ■ February 2017
10 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA Palm Beach Outlets
PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 11 75 PARK PLAZA, BOSTON, MASSACHUSETTS 02116 IN PARTNERSHIP WITH: [email protected] ■ 617.965.8700 ■ NEDEVELOPMENT.COM 3.7.17