Belmar Lakewood, (Denver) Colorado Lakewood’s downtown BOULDER, CO
22 city blocks of dining, entertainment, retail, housing and office
GOLDEN, CO Beautiful landscaping, ample parking DENVER, CO and conveniently located AURORA, CO A powerhouse draw from across Denver’s west metro
10 MILES
Belmar Lakewood, (Denver) Colorado Unparalleled tenant mix that includes health/wellness, movies and restaurants/bars
In heart of rapidly growing residential trade area
Expansive trade area of 1.2M people
Property Description
major roads US Highway 6 and center description Open-air mixed-use lifestyle center S. Wadsworth Boulevard anchors Best Buy, Century 16 Theatre, Dick’s Sporting Goods, DSW, total sf 1,140,600 Hobby Lobby, Nordstrom Rack, Staples, Target, and Whole Foods key tenants Sur La Table, 24-Hour Fitness, Party City, White House Black Market, # of stores 100 Brighton Collectibles, CorePower Yoga, Guess, Loft, P.F. Chang’s China Bistro, Francesca’s, The French Press, and Ted’s Montana Grill # of parking 5,200
THE CENTER THE MARKET STARWOOD Belmar “One of the premier redevelopment projects in the country.”
— Former Lakewood Mayor Steve Burkholder
THE CENTER THE MARKET STARWOOD Belmar Downtown Lakewood—walkable, live- work-play district
Urban experience with ample, convenient parking
A Hyatt House Hotel
Mix of big box, boutique and national fashion retailers, entertainment and dining
The Good Life 12 minutes from downtown Denver Close to high-end homes in the Rocky Mountains Easily accessible to 257,000 vehicles daily on nearby roads Near metro light rail system
THE CENTER THE MARKET STARWOOD Belmar TARGET
THE CENTER THE MARKET STARWOOD Belmar 54,900 daytime employees within 3 miles; 217,800 within 5 miles
Rapidly growing region
Robust economy, highly educated workforce
Home to the largest collection of federal agencies outside Washington D.C.
Rising Force in the Rocky Mountains Trade area population of 1.2M, growing Diverse market of singles, couples, at twice the national rate young families and empty nesters Nearly 20,000 students enrolled at Economy dominated by healthcare, nearby colleges energy, engineering and government
THE CENTER THE MARKET STARWOOD Belmar Flatiron Crossing BROOMFIELD ROCKY MOUNTAIN METRO AIRPORT Distance to Competition Aspen Grove Driving – 13 mi, 20 min THORNTON Cherry Creek Mall Driving – 7 mi, 16 min WESTMINSTER DENVER INT’L 38 MILES AIRPORT Colorado Mills Driving – 7 mi, 9 min ARVADA Flatiron Crossing Driving – 18 mi, 30 min I-70 Park Meadows WHEAT RIDGE 143,000 AADT Driving – 18 mi, 26 min GOLDEN DENVER 6 Southwest Plaza Colorado Mills 114,000 AADT Driving – 7 mi, 12 min
Belmar Cherry Creek Mall Streets at SouthGlenn I-70 Driving – 15 mi, 24 min 121,000 AADT LAKEWOOD West Alameda Avenue 20,000 AADT
West Morrison Road 12,000 AADT South Sheridan Blvd 53,000 AADT Legend Primary Trade Area South Wadsworth Secondary Trade Area 57,000 AADT LITTLETON Competition Southwest Plaza Access Roads
Streets at SouthGlenn (AADT= annual average Aspen Grove daily traffic) CENTENNIAL CENTENNIAL 3 MILES AIRPORT Park Meadows
THE CENTER THE MARKET STARWOOD Belmar Area Attractions ARVADA I-76 Rocky Mountain foothills Lakewood Cultural and CoorsTek (HQ) Heritage Centers I-70 Ball Corporation Red Rocks Amphitheatre WHEAT RIDGE MillerCoors Brewing Co (HQ) Lutheran Medical Center Bandimere Speedway Dinosaur Ridge GOLDEN Colorado School of Mines Coors Brewery FirstBank Holding Co. (HQ) DENVER Terumo BCT (HQ) Colleges Red Rocks Colorado Christian Community College Federal Center 6 Colorado Christian University University St. Anthony Hospital Red Rocks Community Medical Campus Belmar College HomeAdvisor (HQ) Kaiser Permanente I-70 LAKEWOOD Colorado School of Mines I-25 Combined enrollment: 20,000
Legend Primary Trade Area
Secondary Trade Area
Lockheed Martin Colleges (Littleton) Key Employers
3 MILES LITTLETON
THE CENTER THE MARKET STARWOOD Belmar Demographics PTA1 STA2 TTA3 US Avg Population 2019 estimate 434,102 776,318 1,210,420 Median home value of 2024 projection 431,802 827,000 1,288,802 $383,500 % growth 2019–2024 6.4% 6.5% 6.5% 3.6% Population White 76% 83% 80% 70% Trade area population By Race Black 2% 3% 2% 13% growing at nearly twice Asian 3% 3% 3% 6% the national rate Hispanic Ethnicity 35% 22% 26% 18% Two-thirds of employed Median Age 37 38 38 39 residents hold white collar % age 15-24 11% 12% 12% 14% positions % age 25 to 44 32% 32% 32% 26% % age 45 to 64 24% 26% 25% 26% Average trade area income Households 2019 estimate 180,548 333,631 514,179 is 12% greater than US 2024 projection 193,283 357,586 550,869 2019 households with kids under 18 29% 27% 28% 34% Average 2019 estimate $88,504 $107,493 $100,825 $89,646 Household % earning $75,000+ 42% 51% 48% 42% Income 2024 projection $98,937 $119,783 $112,469 $98,974 Education % college educated 62% 72% 68% 60%
1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,252 6,370 22,730 73,611 Employment daytime employment 12,380 54,881 217,751 725,615
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER THE MARKET STARWOOD Belmar 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 Blue Back Square Michigan Virginia Rene Daniels / Director, Leasing / 818.254.5722 / Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington / Director, Big Box Leasing & Development / Georgia Rimrock Mall Capital Mall Bill Cikalo The Collection at Forsyth Kitsap Mall 312.283.5121 / [email protected] Nebraska Gateway Mall Jake Miller / Director, National Restaurant and Entertainment Leasing / 614.256.7385 / [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 Belmar