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TAMPA BAY Cushman & Wakefield Global Cities Retail Guide

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TAMPA BAY Cushman & Wakefield Global Cities Retail Guide TAMPA BAY Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Tampa | 2019 0 Tampa Bay has a diverse culture with a rich historical background. Regionally, Tampa Bay encompasses three major markets – the cities of Tampa, St. Petersburg, and Clearwater. Water and its coastline plays an important part in the region’s dynamics and orientation. The Tampa Bay market is unique with a diverse level of available activities and unlimited outdoor recreational opportunities. In addition to Busch Gardens, a major theme park with 4.2 million visitors in 2017, Tampa Bay also supports three professional sports teams; the MLB Tampa Bay Rays, the NFL Tampa Bay Buccaneers, and the NHL Tampa Lightning. There is also a wide collection of museums, shopping and entertainment venues. Tampa Bay is also situated near gulf coast beached that are consistently voted as top in the nation. Ybor City, a Historic District in Tampa, contains more than 950 historic buildings and structures built during the peak of the industrial era. Ybor City’s character is preserved on the 7th avenue commercial strip and is defined by the community’s blend of cultures from European, Asian, and Cuban immigrants who settled there to be apart of the region’s cigar industry in Tampa during the early 20th century. TAMPA BAY OVERVIEW Cushman & Wakefield | Tampa | 2019 1 TAMPA BAY KEY RETAIL STREETS & AREAS WESTSHORE DISTRICT WESLEY CHAPEL, Westshore is the principle business district of Tampa with Located off of I-75, about 25 miles north of Tampa, more than 11.0 million square feet of office space, 4,000 Wesley Chapel is one of Pasco’s fastest growing businesses, two major shopping malls and more than 200 communities. The addition of new residents has brought restaurants and bars. The Westshore District is extremely many exciting amenities for visitors to enjoy. With the attractive to the younger working professionals with a addition of Tampa Premium Outlets and The Shops at great selection of high end retail and restaurant options. Wiregrass, Wesley Chapel has become a great place to visit for all your retail needs. INTERNATIONAL PLAZA AND STREET HYDE PARK VILLAGE The major shopping center of Tampa Bay, International Located in the historic district of Hyde Park, Hyde Park Plaza was built to give guests an option to shop and dine Village brings together national brands with local in high class surroundings. The major anchor stores are businesses and restaurants. The recent revitalization of Nordstrom, Neiman Marcus, and Dillard’s. Bay street, an Hyde Park Village has made it a go to destination for open concept area provides a wide array of eateries and entertainment and nightlife. nightlife options with 16 restaurants and 4 bars within the plaza. Cushman & Wakefield | Tampa | 2019 2 TAMPA BAY MARKET OVERVIEW KEY AREAS / CONSUMER MAJOR RETAILERS PRESENT NEW ENTRANTS TYPICAL RENT RANGE OF UNIT STREETS/SHOPPING PROFILE FOR UNIT OF 2,000 SIZES CENTERS SQFT Tourists, local Windsor, Spencer, Westshore Plaza DICK’S, Macy’s, AMC 14, JCPenney $15.50 - $50.00 Varied shoppers A’GACI UNTUCKit, Chubbies Tourists, local Neiman Marcus, Dillard’s, Nordstrom, Life Time International Plaza Shorts, Peloton, $15.50 - $50.00 Varied shoppers Athletic and Life Spa Tesla, MCM University Mall Local shoppers Dillard’s, Sears, Burlington Grand’s $12.00 -$20.00 Varied Westfield Citrus Park Local shoppers Dillard’s, DICK’S, Macy’s, Sears, JCPenney Rocket Tacos $14.50 - $35.00 Varied Saks Fifth Avene, Tommy Hilfiger, Calvin Klein, Polo Tourists, local Tampa Premium Outlets Ralph Lauren, Nike factory store, American Eagle Gold Mine $25.00 - $48.00 Varied shoppers Outfiters Cushman & Wakefield | Tampa | 2019 3 TAMPA BAY MARKET OVERVIEW KEY AREAS / CONSUMER MAJOR RETAILERS PRESENT NEW ENTRANTS TYPICAL RENT RANGE OF UNIT STREETS/SHOPPING PROFILE FOR UNIT OF 2,000 SIZES CENTERS SQFT Hyde House Tourists, local Brooks Brothers, Vineyard Vines, Pottery Barn Hyde Park (Cowork), Sunni $15.00 - $40.00 Varied shoppers Anthropologie, Lululemon Spencer, SoulCycle Westfield Brandon Tourists, local LEGO, Burgerim, $12.00 - $38.00 Sears, Macy’s, DICK’S, JCPenney, DSW, Dillard’s Varied shoppers Haagen-Daz ProntoWash, The Shops at Wiregrass Tourists, local Dillard’s, Macy’s,JCPenney, Barnes & Noble, $25.00 - $38.00 Urban Yoga Varied shoppers Pottery Barn Crunch Fitness, Westfield Countryside Tourists, local Sears, Macy’s, Dillard’s, JCPenney, Nordstrom Cinnabon, $12.00 - $27.00 Varied shoppers Rack, Whole Foods Market GameTime Tourists, local Dillard’s, Macy’s,JCPenney, DSW American Eagle, Tyron Square Five Below $5.50 - $35.00 Varied shoppers H&M, Old Navy, DICK’S, Petsmart Cushman & Wakefield | Tampa | 2019 4 TAMPA BAY SHOPPING CENTERS INTERNATIONAL PLAZA & BAY STREET TYRONE SQUARE International Plaza is an enclosed 2-story shopping center Minutes from St. Petersburg’s Beaches, Tyrone Square that features 200 specialty stores and 16 restaurants. mall has over 170 stores and restaurants within its International has a collection of luxury brands including 900,000 square feet of retail space . JCPenney, Macy’s, Gucci, Coach, Tiffany & Co. Adjacent to the Plaza, Bay and Dillard’s number among the anchor tenants offered Street offers an open air shopping experience that along with a range of specialty venues including GAP, Old includes 16 restaurants and 4 bars for guests to enjoy. Navy and Brookstone. WESTSHORE PLAZA WESTFIELD COUNTRYSIDE Westshore Plaza is located in the Westshore Business Just east of interstate 19 in Clearwater FL, Westfield District conveniently located off I-275 and close to Tampa Countryside is the area’s premier destination for shopping, International Airport. Westshore Plaza is an enclosed dining, and entertainment. Countryside attracts almost 9.0 shopping mall with over 100 different retailers and upscale million guests per year with its 1.2 million square feet of eateries Maggiano’s, PF Chang’s and Seasons 52. retail space including over 150 stores and restaurants. THE SHOPS AT WIREGRASS TAMPA PREMIUM OUTLETS Tampa Bay’s premier open-air retail and entertainment Conveniently located off interstate 75 and SR 56, guests destination is located on the corner of SR 56 and Bruce B. will enjoy over 110 shops. Shoppers will enjoy the Key Downs Boulevard in Wesley Chapel. Guests will enjoy an West atmosphere, courtyards filled with tropical outdoor main-street concept featuring tree lined streets landscaping and fountains throughout the mall. There are and pedestrian-friendly areas for lounging and relaxation. plenty of spots to enjoy the scenery with benches, soft With over 800,000 square feet of retail, restaurants and seating, and even Adirondack chairs for relaxing. Pasco entertainment, the Shops at Wiregrass features big brand County residents don’t just see the 441,00-square-foot tenants such as Macy’s, Dillard's, JCPenney and other mall as just a place to shop, but also an international specialty shops. destination for those visiting the area. Cushman & Wakefield | Tampa | 2019 5 TAMPA BAY SHOPPING CENTERS WESTFIELD BRANDON MALL WESTFIELD CITRUS PARK Westfield Brandon is located in the suburban community Westfield Citrus Park is located just off The Veterans of Brandon directly off I-75 and SR 60. The 1.0 million- Expressway in the Citrus Park community. With over 1.0 square-foot mall is located just 8 miles away from million square feet of retail space, guests have the option Tampa’s CBD and draws tourists and residents a like. of over 200 stores and restaurants to enjoy. UNIVERSITY MALL Located just east of one of the nation’s largest universities, University Mall services students and residents with its 1.0 million square feet of retail space that includes over 200 stores. The University Mall was recently purchased by a New York developer and is undergoing major renovations. Cushman & Wakefield | Tampa | 2019 6 DEVELOPMENT TO WATCH OUT FOR WATER STREET TAMPA Total Size (SF) 9.0 MSF - Retail GLA 1.0 MSF - Leisure/Entertainment 1.0 MSF GLA Planned Opening Date 2020-2021 Consumer Profile Mixed use to Local residents, tourists ABOUT THE DEVELOPMENT With more than 50 acres in downtown, Water Street Tampa will become a mixed-use neighbourhood developed by Strategic Property Partners, LLC. SPP is focusing on changing the Tampa skyline with an enormous $3 billion redevelopment project to double the downtown area in size. The Water Street project will include Tampa’s first new office tower in almost 25 years and will create 2.0 million square feet of new office space. Almost 3,500 new rental and for-sale residences are planned to double the number of TAMPA housing units available within downtown. NEW DEVELOPMENT WATCH Cushman & Wakefield | Tampa | 2019 7 DEVELOPMENT TO WATCH OUT FOR MIDTOWN Total Size (SF) 1.8 MSF - Retail GLA 240,000 SF - Leisure/Entertainment 475,000 SF GLA Planned Opening Date 2021 Consumer Profile Mixed use to Local residents, tourists ABOUT THE DEVELOPMENT Midtown Tampa, a half-billion dollar project located at the southeast corner of I-275 and North Dale Mabry Highway, would include 240,000 square feet of retail and entertainment space: 750,000 square feet of class A office space, 400 condos or apartments and a 225- room boutique hotel. TAMPA NEW DEVELOPMENT WATCH Cushman & Wakefield | Tampa | 2019 8 TAMPA BAY FOOD & BEVERAGE Tampa Bay has a unique culinary culture, poised between the food of its ethnic past and the future of cutting edge cuisine. Traditionally, Tampa Bay may be best known for its fresh seafood and authentic Hispanic dishes. However the food scene
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