Hamburg Pavilion Lexington, Kentucky Lexington’s premier shopping experience
Super-regional power center with lifestyle component
PARIS, KY Large, growing market of educated, GEORGETOWN, KY affluent families, college students and VERSAILLES, KY visitors LEXINGTON, KY
WINCHESTER, KY The “Horse Capital of the World”
10 MILES
Hamburg Pavilion Lexington, Kentucky Open-air regional center
One of the largest shopping centers in Kentucky
Renovation and expansion plans in the works
Anchors include fashion discounters, apparel, electronics, books, cinema, sporting goods, crafts, and pet goods
Property Description
major roads I-75 and Man O’ War center description Super-regional power center with a lifestyle center Boulevard anchors Target, Kohl’s, Dick’s Sporting Goods, At Home, total sf 980,000 and Regal Cinemas
# of stores 75 key tenants Best Buy, Marshall’s, White House Black Market, DSW, Michael’s, PetsMart, Party City, Victoria’s Secret, Loft, Old # of parking 5,900 Navy, American Eagle Outfitters and Barnes & Noble
THE CENTER THE MARKET STARWOOD Hamburg Pavilion “… A youthful ambiance and an array of cultural and entertainment options, including one of the nation’s most vibrant culinary scenes.”
— Livability.com
THE CENTER THE MARKET STARWOOD Hamburg Pavilion Located just off Interstate75
Prime destination for daytime and evening dining
Combines the convenience of power retail with a lifestyle center aesthetic for one-stop shopping
Easy to Find More than 100,000 vehicles pass by 43,400 daytime employees within 3 miles daily on nearby roads 23,000-seat concert and event center Surrounded by high growth and nearby high incomes households, averaging $104,000
THE CENTER THE MARKET STARWOOD Hamburg Pavilion TARGET
THE CENTER THE MARKET STARWOOD Hamburg Pavilion “Horse capital of the world”
Strong tourism draw
Financial, educational, healthcare and cultural core of the region
Home to international corporations
Growing Market, Terrific Tourism Trade area population of 612,600 Consistently recognized as one of the growing 4.4% by 2024 best places to live 61,000 households earn $100,000+ Area hosts more than 2.5M tourists annually Global horse industry contributes $5B a year to the economy
THE CENTER THE MARKET STARWOOD Hamburg Pavilion Distance to Competition Fayette Mall Driving – 9 mi, 15 min GEORGETOWN The Outlet Shoppes of the Bluegrass Richmond Centre (Simpsonville) Driving – 23 mi, 25 min Sir Barton Way The Outlet Shoppes 16,800 AADT of the Bluegrass 60 Driving – 57 mi, 55 min 37,200 AADT BLUE GRASS AIRPORT The Summit at Fritz Farm LEXINGTON 60 Driving – 10 mi, 16 min New Circle Road 13,700 AADT Hamburg Pavilion Fayette Mall The Summit at Fritz Farm WINCHESTER
Man O’War Blvd 37,700 AADT I-75 70,000 AADT
Legend Primary Trade Area
RICHMOND Secondary Trade Area Richmond Centre Competition
Access Roads
(AADT= annual average daily traffic) 3 MILES
THE CENTER THE MARKET STARWOOD Hamburg Pavilion Toyota Corporation PEMC I-75 (Georgetown) Area Attractions Tempur Sealy International Rupp Arena Kroger Stadium Keeneland Race Course Kentucky Horse Park Amazon Fulfillment Center Lexmark International Inc Lexington Ballet Company Lexington Opera House I-64 Alexander T. Hunt Civil War BLUE GRASS Transylvania University Museum AIRPORT Mary Todd Lincoln House 60 LEXINGTON University of Kentucky (Admin.) Predominant Colleges
KentuckyOne Health University of Kentucky University of Kentucky National College – Lexington 60 Bluegrass Community Bluegrass Community and Hamburg Pavilion and Technical College Technical College Baptist Health Osram Sylvania Eastern Kentucky University Link-Belt National College – Lexington 4 Lockheed Martin Transylvania University Xerox Combined enrollment: 50,100 I-75 Legend Primary Trade Area
Secondary Trade Area
Eastern Kentucky University Colleges (Richmond) Key Employers 25 3 MILES
THE CENTER THE MARKET STARWOOD Hamburg Pavilion Demographics PTA1 STA2 TTA3 US Avg Population 2019 estimate 353,047 259,545 612,592 5-year projected residential 2024 projection 369,744 269,725 639,469 growth within one mile is % growth 2019–2024 4.7% 3.9% 4.4% 3.6% double national average Population White 82% 80% 81% 70% (7.9% vs. 3.6%) By Race Black 10% 10% 10% 13% Nearly 40% of households Asian 2% 4% 3% 6% within one mile earn Hispanic Ethnicity 5% 6% 6% 18% $100,000+ Median Age 37 36 37 39 % age 15-24 14% 17% 15% 14% 1 in 3 trade area households % age 25 to 44 27% 27% 27% 26% have children under 18 % age 45 to 64 25% 24% 25% 26% Households 2019 estimate 138,540 108,319 246,859 2024 projection 144,866 112,786 257,652 2019 households with kids under 18 34% 29% 32% 34% Average 2019 estimate $76,464 $80,849 $78.388 $89,646 Household % earning $75,000+ 38% 36% 37% 42% Income 2024 projection $82,663 $87,968 $84,985 $98,974 Education % college educated 60% 67% 63% 60%
1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 718 3,781 11,001 19,533 Employment daytime employment 11,378 43,413 157,318 265,697
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER THE MARKET STARWOOD Hamburg Pavilion Starwood Retail Partners 5th largest manager of regional malls in the US
30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs
100 million+ combined annual visits
$95,400 trade area average household income
California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion The Shops at Willow Bend Austin Pye / Associate, Leasing / 773.541.2862 / Blue Back Square Michigan Virginia [email protected] Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Bill Cikalo / Director, Big Box Leasing & Development / Westland Mall Montana Washington 312.283.5121 / [email protected] Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall Nebraska Bryant Siragusa / Vice President, National Restaurant Gateway Mall and Entertainment Leasing / 214.771.2003 / [email protected]
Sources: The Nielsen Company (2019), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com
THE CENTER THE MARKET STARWOOD Hamburg Pavilion