Urban District reDevelopment - Durham, North Carolina hawthorne Contact Info: Ryan Preston | Director of Leasing | [email protected] | 704-333-1512 RETAIL PARTNERS
The convergence of art, culinary talent, wellness, fashion and residential living, creating the most dynamic district in Durham. South Square Walls: a collaboration of some of North Carolina's best mural artists featuring numerous murals totaling over 20,000 SF of wall space.
QUICK FACTS 300,000+sf 55,000+sf mixed-use redevelopment situated in a vertically of Class A retail and restaurants integrated, main street setting
262 Luxury Apartments: • Class AA construction & amenities • Over 325 residents
RESTAURANTS Restaurant and 1,000-3,500 sf CAFÉ SPACE with EXCLUSIVE OUTDOOR SEATING
RETAIL
Shop Space: 1,200-3,500 sf 30,000 sf High End Fitness Club CLASS A UNIVERSITY DRIVE OFFICE UNIVERSITY DRIVE (18,563 VPD)
PROPOSED LIGHT RAIL SHANNON RD STATION (12,191 VPD) Top Performing VIEW FROM HWY 15-501 (19,510 VPD)
Retail Submarket Area/Neighborhood Duke University • Shares a signalized intersection with a Super • South Square is surrounded by Durham’s most affluent • Located 5 minutes (3 stoplights) from South Square Target regional shopping center consisting neighborhoods with home prices ranging from $500,000 (take University Dr. turn left on Academy Rd. for 2.0 miles) of Ross, Petco, Sam’s Club, and Office Depot. to $3,000,000+ (Hope Valley, Forest Hills, Duke Forest, • 2nd largest private employer in North Carolina with over Reportedly one of the highest grossing Super Garrett Farms). 37,000 employees. Target in the Carolinas. • Close proximity to 5 Private Schools totaling over • Creates an estimated $5.8 billion annual economic impact on • Strategic positioning - location trades the entire 3,000 students (Durham Academy, Carolina Friends School, Durham Durham market; thus, an ideal location for a Duke School, Trinity School, Cresset Christian Academy) • Visitors to Duke spend over $450 million annually off campus retailer and Restaurants seeking a Central Position • 10 K-12 school campuses within immediate trade area • Mean salary for Durham residents working at Duke is over $75,000 in the market. of South Square (7,160 students) • 12,000 students - undergraduate tuition and fees: $66,739 • Adjacent to over 1,000,000 SF of Retail. • 3 mile Avg Household Income: $78,048
• Over 1,700,000 SF of surrounding office space, • 5 mile employees: 118,610 including Blue Cross Blue Shield's north carolina • 5 mile population: 176,330 headquarters with 3,200 employees 1/2 mile away. • 5 mile daytime population: 214,270 SITE PLAN
HWY 15-501 19,510 VPD 1) Shares signalized access OWNED BY AFFILIATES with 500,000 SF OF HAWTHORNE Super Target anchored center
SHANNON ROAD SOUTH SQUARE STATION 12,191 VPD LIGHT RAIL PLATFORM 2) Excellent Visibility: Project will be 50+ feet tall so will have: - Over 1,000 feet of visibility on University Drive
- Over 400 feet of visibility on OFFICE Shannon Road
Top grossing - visibility from 15-501 Super Target in Carolinas 3) Over 4 Points of Ingress/Egress - Two Points of Access on Shannon Road
UNIVERSITY DRIVE - Two Points of Access 18,563 VPD from University Drive
OFFICE SUBJECT PROPERTY SITE PLAN
1) FOUR - 16 Foot Pylon Signs - 2 along University Drive (18,563 vpd) FUTURE DURHAM ORANGE - 1 on Auto Drive facing intersection LIGHT RAIL STATION WITH PARKING with Super Target center - 1 on Mayfaire 2) TWO - 6 Foot Monument Signs - 1 at Shannon Road Entrance - 1 at Mayfaire Road
3) Parking Ratio - over 4.75 per 1,000 SF (12,191 VPD) (12,191
UNIVERSITY DRIVE (18,563 VPD) SURROUNDING NEIGHBORHOODS
SURROUNDED BY DURHAM'S MOST AFFLUENT NEIGHBORHOODS WITH HOME PRICES RANGING 13 FROM $500,000-$3,000,000+ (HOPE VALLEY, FOREST HILLS, DUKE FOREST, GARRETT FARMS).
DRIVE TIME DRIVE TIME TO TO SOUTH SOUTH SQUARE SQUARE 15 HOPE VALLEY & DUKE FOREST 16 HOPE VALLEY COUNTRY CLUB 3-5 3 01 HOMES FROM $225,000-$2.25M MINS 10 HOMES FROM $225,000-$885,000 MINS
THE VALLEY / VALLEY RUN / HILLANDALE & TRINITY PARK UNIVERSITY ESTATES 3 8 02 HOMES FROM $300,000-$985,000 MINS 11 HOMES FROM $215,000-$1.65M MINS HILLSBOROUGH 08
85 NEW HOPE VALLEY 3 AMERICAN VILLAGE 6 03 HOMES FROM $475,000-$800,000 MINS 12 HOMES FROM $300,000-$500,000 MINS
12 BEN CREEK, WOODBERRY FOR- 11 85 EST, MARYDELL ESTATES 4 TREYBURN 20 15 HOMES FROM $250,000-$2.0M 501 04 HOMES FROM $400,000 + MINS 13 MINS BYPASS
DUKE FOREST TUSCALOOSA, ROCKWOOD, HOPE CREEK, GARRETT FARMS, 5 DUKE UNIVERSITY 147 DUNBARTON 3 ASHWORTH ESTATES, CARRIAGE HILL 05 HOMES FROM $225,000-$350,000 MINS 14 HOMES FROM $350,000-$600,000 MINS 17
15 501 10 09 14 BYPASS WOODCROFT 7-9 WILLOWHAVEN COUNTRY CLUB 9-11 HOMES FROM THE $225,000+ HOMES FROM $200,000-$600,000 06 MINS 15 MINS 40 05 SOUTH SQUARE 02
DOVER RIDGE, ENO VALLEY, LATTA, 15 HOPE VALLEY FARMS 5-7 OLD FARM, STEPHENS WOOD 10-12 501 07 HOMES FROM $190,000-$350,000 MINS HOMES FROM $200,000-$350,000 MINS 16 01
TRADER JOE’S 03 147
CROASDAILE & WHOLE FOODS 7-8 BRIGHTLEAF PARK & 04 07 CROASDAILE FARMS ASHWORTH ESTATES 8-10 SOUTHERN SEASON 40 08 HOMES FROM 250,000-$1.75.0M MINS 17 HOMES FROM $250,000-$325,000 MINS 06
FOREST HILLS 5 HOMES FROM $250,000-$750,000 09 MINS 54 40 147 Over 40,000 Employees within 5 minutes of 15 5 4 501 BYPASS 3
1 2 8 6 7 1. DUKE UNIVERSITY • Located 2.2 miles from South Square via Academy Rd or 15-501 By Pass > 3 stoplights > 5 min. easy drive through Duke Forest • Duke is the 2nd largest private employer in North Carolina with over 37,000 employees • Duke is the largest private employer in the Triangle Region • Creates an estimated $5.8 billion annual economic impact • Mean salary for Durham residents working at Duke is over $72,000 • Undergraduate tuition and fees: $66,739
2.2 MILES 2. Blue Cross Blue Shield North Carolina Headquarters - 1/4 Mile - 3,200 Employees
OFFICE TOWER 3. Over 750,000 SF of office space within a 1 mile radius
(HIGHEST GROSSING IN CAROLINAS), SOUTH SQUARE SAM'S CLUB, ROSS PETCO CLASS B OFFICE Duke Campus Map CLASS A OFFICE 1. Residence Halls 2. Law School, Business School, FRESH MARKET School of Public Policy 3. Chapel, Library, Student Center CLASS A OFFICE HARRIS TEETER 4. Duke Medical Center 5. Science & Engineering Buildings 6. Faculty Club 7. Washington Duke Inn & Golf Course 8. Cameron Indoor Stadium BLUE CROSS BLUE SHIELD OFFICE (3,200 EMPLOYEES) DURHAM EMPLOYMENT
DURHAM {CITY OF MEDICINE USA} 1 IN 3 DURHAM WORKERS ARE EMPLOYED IN HEALTHCARE
DUKE EMPLOYMENT FACTS 2010 PER CAPITA TAXABLE SALES TOP DURHAM $18,000 EMPLOYERS • Duke (located 2.2 miles from South Square) is the 2nd largest private employer in North Carolina with $15,000 $14,198 over 37,000 employees On $12,000 $11,068 Duke University & Medical Center ...... 30,000+ • Duke is the largest private employer in the Forbes List of Where Americans Triangle Region $9,000 IBM ...... 13,300 Spend the Most $7,154 ˜ FORBES GlaxoSmithKline ...... 4,800 • Duke creates an estimated $5.8 billion $6,000 Durham Public Schools ...... 4,500 annual economic impact on Durham Nortel Networks ...... 2,600 $3,000 • Mean salary for Durham residents working at Duke is RTI International ...... 2,000 over $72,000 0 DURHAM ORANGE WAKE City of Durham ...... 1,979
US EPA Environmental...... 1,970 Source: NC Department of Revenue/NC Office of State Budget & Management
Durham County Government ...... 1,810 JOB MIX BY COUNTY (PEERS) AVERAGE WAGES PAID 2009 Blue Cross & Blue Shield of NC ...... 1,800 80% Durham Regional Hospital ...... 1,800 $70,000 70% . US Cities $60,000 with Most Leftover 60.9% 60% 58.2% 59.1% INCOME TO SPEND After Housing 55.2% 55.4% 55.5% $50,000 ˜ THE ATLANTIC 50% $40,000 40% 32.7% $30,000 30% 24.6% 24.4% 22.8% 23.1% 22.3% $20,000 DURHAM COUNTY 20% 19.3% 18.6% 18.6% 20.0% 17.5% 16.4% TRIANGLE 17.5% 12.2% $10,000 10% STATE DUKE MEDICAL CENTER
0% $0 2009 DURHAM BUNCOMBE FORSYTH GUILFORD WAKE PEER AVG NC Source: NC Employment Security Commission WHITE BLUE SERVICE DURHAM SCHOOLS
CAROLINA FRIENDS SCHOOL (PRIVATE) FOREST VIEW 480 STUDENTS 15-501 BY-PASS ELEMENTARY (PUBLIC) 618 STUDENTS ROGERS-HERR MIDDLE (PUBLIC) TRINITY SCHOOL 643 STUDENTS (PRIVATE) DURHAM ACADEMY 446 STUDENTS UPPER SCHOOL (PRIVATE) 1,135 STUDENTS DURHAM ACADEMY (PRIVATE) 1,135 STUDENTS CRESSET CHRISTIAN ACADEMY (PRIVATE) 343 STUDENTS
HOPE VALLEY ELEMENTARY (PUBLIC) SOUTH SQUARE 705 STUDENTS
SCHOOL FACTS OLD CHAPEL HILL ROAD UNIVERSITY DRIVE • Durham has over 28 Private Schools (Chapel Hill 5) including Durham Academy (1,135 students), Trinity (446 students), Carolina Friends (480 students) - all within a 2 mile radius of South Square.
GITHENS MIDDLE • Durham Public Schools is the 7th largest school district in the state with 33,000 students and 4,500 employees. SCHOOL (PUBLIC) 893 STUDENTS
HOPE VALLEY ROAD
SCHOOLS WITHIN A 2.5 MILE RADIUS OF SOUTH SQUARE: GARRETT ROAD
Jordan High School (Public) Hope Valley Elementary (Public) Carolina Friends School (Private) 1,897 Students 705 Students 480 Students
Durham Academy (Private) Rogers-Herr Middle (Public) Trinity School (Private) 1,135 Students 643 Students 446 Students
JORDAN HIGH SCHOOL (PUBLIC) 1,897 STUDENTS Githens Middle School (Public) Forest View Elementary (Public) Cresset Christian Academy
893 Students 618 Students (Private) 343 Students DURHAM'S ROAD INFRASTRUCTURE
85 PROVIDES EXCELLENT CONNECTIVITY TO SOUTH SQUARE 2
• 15-501 Bypass provides highway connectivity (no stoplights) to South Square from Northwest Durham, Northeast Durham, Central Durham and Duke. 3
• Area immediately surrounding South Square has excellent signalization, road infrastructure 1 85 (4 lane roads with turn lanes) and connectivity because the adjacent Super Target site was
originally developed as a regional mall. 15 501 4 BYPASS
NORTHERN DURHAM TO DUKE TO SOUTH SQUARE SOUTH SQUARE 5 15-501 BYPASS (60 MPH) PROVIDES DIRECT CONNECTION FROM DUKE UNIVERSITY & DUKE 5 DUKE UNIVERSITY 147 1 I-85 S TO 15-501 BYPASS (60 MPH) PROVIDES MEDICAL CENTER TO SOUTH SQUARE (5-7 DIRECT CONNECTION TO SOUTH SQUARE MINUTES) FROM NORTHERN DURHAM 6 DIRECT ACCESS FROM DUKE VIA ACADEMY ROAD NORTH DURHAM ROADS CONNECTING 2 (2.2 MILES) TO I-85 15 501 6 BYPASS 3 I-85 N TO 15-501 BYPASS (60 MPH) PROVIDES DIRECT CONNECTIVITY TO SOUTH SOUTHERN DURHAM TO SQUARE FROM NORTHWEST DURHAM & SOUTH SQUARE HILLSBOROUGH 7 7 UNIVERSITY DRIVE: 4 LANE ROAD WITH TURN LANE THAT PROVIDES CONVENIENT ACCESS SOUTH SQUARE FROM FOREST HILLS, ROCKWOOD, TUSCALOOSA, CENTRAL DURHAM TO DUNBARTON AND DOWNTOWN SOUTH SQUARE 15 9 501 8 SHANNON ROAD PROVIDES IMMEDIATE ACCESS FROM HOPE VALLEY’S MAIN ENTRANCE 4 HWY 147 TO 15-501 BYPASS (60 MPH) 8 PROVIDES DIRECT CONNECTION FROM CENTRAL DURHAM INTERCHANGES TO 9 UNIVERSITY DRIVE PROVIDES IMMEDIATE ACCESS 10 SOUTH SQUARE (4-6 MINUTES) TO SOUTH SQUARE FROM BLUE CROSS BLUE SHIELD (3,200 EMPLOYEES), OFFICE BUILDINGS AND SEVERAL THOUSAND APARTMENTS
MLK BLVD PROVIDES 4 LANE TRAVEL FROM 10 40 SOUTHERN DURHAM (HOPE VALLEY, HOPE VALLEY FARMS) ROAD CONNECTIVITY
Fro Hope Valle Far s
Main Entran e to Hope Valle (1,000 Ho es ro 350 - 2 5 )
CLASS A RETAIL
THE VALLEY NEIGHBORHOOD
LIBRARY
HOPE VALLEY ELEMENTARY SCHOOL ML Bl pro i es 4 Lane OFFICE Tra el ro Sout ern Dur a CLASS A OFFICE Turn to go to Du e (Hope Valle , Hope Valle Far s) (1 8 Miles) to SOUTH SQUARE A ess ro Neig or oo s BLUE CROSS BLUE SHIELD Forest Hills, Tus aloosa, La e oo , NC HEADQUARTERS Ro oo Par si e an Do nto n Dur a (3,200 EMPLOYEES) ROGERS-HERR MIDDLE SCHOOL
Uni ersit Dri e CLASS A OFFICE DURHAM ACADEMY 4 Lane Roa it turn lane
A ess to 15-501 B pass Nort ro OFFICE Uni ersit Dri e
OFFICE Dire t A ess ro Du e an Du e Forest Neig or oo (2 2 iles ro SOUTH SQUARE) 4 Lane Roa it turn lane OWNED BY AFFILIATES OF PROPOSED LIGHT HAWTHORNE RETAIL RAIL STATION
CLASS A APARTMENTS
THE FOREST AT DUKE CLASS A RETIREMENT COMMUNITY (400 RESIDENTS 275 EMPLOYEES)
15-501 to ar s I-40 an C apel Hill HWY 15-501 (6 Lanes)
To 15-501N BYPASS T o options to SOUTH SQUARE ro 15-501 B pass Sout DUKE FOREST 1 Conne ts to 15-501 t roug Inter ange Loop NEIGHBORHOOD OFFICE TOWER 2 Conne ts ire tl into Uni ersit Dri e at Signali e Interse tion
15-501 BYPASS SOUTH Dire t a ess ro AND MEDICAL CENTER Du e Uni ersit Me i al, HWY 147 (Central Dur a ) an I-85 (Nort Dur a )