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Mall of Saint Croix Retail a New Dawn Will Soon Break

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Mall of Saint Croix Retail a New Dawn Will Soon Break Mall of Saint Croix Retail A new dawn will soon break... Make sure you are there in time for the sunrise. #1 Estate Cane, Frederiksted, St. Croix US Virgin Islands 00840 The Project Originally developed in 1993 as the Sunshine Mall, the Mall of Saint Croix will be undergoing a multi-million dollar redevelopment to provide a true mixed-use town- center to St. Croix. In addition to quality retail, the mall will combine medical, meeting and conference space, and government and private offices. The center will be reminiscent of the town square and public marketplace of the island’s past, remaining covered from the rain and sun, while bathed in natural light and the Caribbean breeze, through skylights, open air entrances, and patios that allow natural cooling and lighting of the common areas. 2 A new dining deck will provide a common gathering space with offerings focused on quality, experience, and customer service, with the ambiance of a Caribbean street side café, complimented by artists and musicians, with a back drop of an island rain forest garden. The project, anchored by K-Mart and soon to be announced retailers and offices, comprises almost 314,000 square feet, as well as over 1,200 parking spaces. 3 The Place Bahamas Nassua Havana Turks & Caicos Islands Cockburn Town Cuba Virgin Islands (GB) Anguilla San Juan The Valley Dominican Republic Saint Barthélemy Haiti Santo Domingo Puerto St.Martin Port-au-Prince Rico Cayman Islands Basseterre St. John’s George Town Antigua and Barbuda St. Croix St. Kitts USVI & Nevis Kingston Montserrat Guadeloupe Jamaica Basse-Terre Roseau Dominica Fort-de-France Martinique Castries St. Lucia Barbados Bridgetown Kingstown St. Vincent & the Grenadines St. George’s Grenada Aruba Curaçao Bonaire Oranjestad Kralendijk Willemstad Port-au-Spain Trinidad & Tobago 4 St. Croix, located in the Caribbean, is part of the US Virgin Islands, an unincorporated US Territory. Although many languages are spoken on the island, including Spanish, the official language is English and the official currency is the US Dollar. As of the 2010, the United States Census placed St. Croix’s permanent population at 50,601 residents, with a part time winter population around 25,000. Today, economic estimates place the permanent population at around 65,000 people, with a median household income of $41,000.00. The Mall of Saint Croix will provide a significant retail opportunity for the island’s residents, filling a void. Bahamas Nassua Havana Turks & Caicos Islands Cockburn Town Cuba Virgin Islands (GB) Anguilla San Juan The Valley Dominican Republic Saint Barthélemy Haiti Santo Domingo Puerto St.Martin Port-au-Prince Rico Cayman Islands Basseterre St. John’s George Town Antigua and Barbuda St. Croix St. Kitts USVI & Nevis Kingston Montserrat Guadeloupe Jamaica Basse-Terre Roseau Dominica Fort-de-France Martinique Castries St. Lucia Barbados Bridgetown Kingstown St. Vincent & the Grenadines St. George’s Grenada Aruba Curaçao Bonaire Oranjestad Kralendijk Willemstad Port-au-Spain Trinidad & Tobago 5 The Economy St. Croix was once an agricultural powerhouse in the Caribbean; however, the island today mainly benefits from a strong tourism industry. A number of other industries also contribute to the island’s economy, which provides a strong backbone for the redevelopment of the Mall of Saint Croix. St. Croix was once home to one of the world’s largest oil refineries, until on January 18, 2012, the refinery permanently closed. This had a major adverse effect on the economy of St. Croix and the entire U.S. Virgin Islands. Today the facility has reopened under Lime Tree Bay Terminals as a major international, inter-modal, transshipment port for petroleum and petroleum products. British Petroleum has purchased the refinery and will bring a completely modernized facility back on line by the end of 2019. This has returned almost 1,400 permanent jobs to the island with an expected in flux of over 1,200 contract employees. The island is also home to Captain Morgan and Cruzan Rum. *Demographics Total Total Population 65,501 Total Households 20,165 Median Household Income 41,042 Median Age 37 *2010 Census with local updated estimates. 6 Christianstead Shores, St. Croix USVI 7 The Why Currently, an estimated $170 million in medical services and $200 million of retail sales leave the island of St. Croix every year. Governmental and other services are scattered throughout the island, and St. Croix does not have a mall or retail property that offers a central covered location in which to shop, dine, be entertained, and do business. Projected direct job growth from post-hurricane investment, and the reopening of the refinery and the petroleum facility it’s expected to draw many Crucians back to the island, increasing the demand for local goods and services. Non-direct job growth could triple the number of the direct jobs, with the potential 6 fold increase in population. 8 Pre-hurricane occupied retail sales per square foot exceeded $400. Pent up demand in all economic sectors for retail products, dining, and entertainment is prevalent across the island. The island’s population is familiar with most, if not all, US brands and have strong loyalty to such brands. There is no sales tax in St. Croix, which increases public buying power. Mall of Saint Croix will include renewable energy solutions to reduce operating costs, consisting of rain water recycling, solar power, and natural wind cooling options. 9 10 The Plan 11 T (787) 249 8131 8131 249 (787) T email: [email protected] Almendares 2 (2nd Floor) Condado , PR 00907 QUEEN MARY HWY. (ROUTE 70) CUMENTS BEFORE THE BEGINNING OF OT HAVE THE "ISSUE FOR CONSTRUCTION" OT THE HAVE "ISSUE MAIN ENTRANCE REPRODUCTION. TO PRIOR AUTHORIZATION SECONDARY ENTRANCE SERVICE ENTRANCE RETAIL EXTERIOR RETAL RETAL EXISTING II BPP Site Plan Site EXTERIOR EXTERIOR BANK 3,952.50 SQ. FT. 3,907.86 SQ. FT. 4,370.95 SQ. FT. CANOPY RETAIL RETAIL 4,288.77 SQ. FT. I III 1976.25 SQ. FT. 1,976.25 SQ. FT. GATE GATE BY ERROR OR IN OMISSION THE SET DO OF CONSTRUCTION NCE PRIOR THE CONSTRUCTION, ESPECIALLY IF N DOES IT ESPECIALLY THE CONSTRUCTION, PRIOR NCE IAL OR FULL REPRODUCTION OF IT WILL REQUIRE WRITTEN ANNEX BUILDING SUPERMARKET RCHITECT RCHITECT OF THE EXISTENCE OF ANY DISCREPANCY EITHER OF SERVICE FOR THE PROJECT IT WAS DEVELOPED. PART DEVELOPED. WAS IT PROJECT THE FOR SERVICE OF GATE DROP OFF DROP OFF CONTRACTOR SHALL NOT USE ANY DRAWING GIVEN IN ADVA FREDERIKSTED, ST. CROIX, U.S.V.I. CROIX, ST. FREDERIKSTED, GATE LOADING AREA T H E M A L L A T S T. C I R O X MAIN BUILDING GATE K-MART HIS ERROR OR OMISSION IF ITS NOT INFORMED ON TIME. IF NOT ITS INFORMED OR ERROR OMISSION HIS ONE WILL BE ALLOWED TO USE THEM BUT AS AN INSTRUMENT AN AS BUT THEM USE TO ALLOWED BE WILL ONE TO COMMENCE ANY WORK. CONTRACTOR MUST INFORM THE A REVISIONS NO. DESCRIPTION BY DATE LOADING EMPLOYEE PARKING AREA GATE PROPOSED T FOR RESPONSIBLE FULLY BE WILL CONTRACTOR THE IT. RAWING IS THE SOLE PROPERTY OF THE ARCHITECT FOR NO NO FOR ARCHITECT THE OF PROPERTY SOLE THE IS RAWING SITE PLAN SHALL BE VERIFIED BY THE GENERAL CONTRACTOR PRIOR 12 1 PROPOSED SITE PLAN A101 SCALE: 1" = 50' - 0" SHEET TITLE SHEET NUMBER SINGLE LIGHT POLE DOUBLE LIGHT POLE TRIPLE LIGHT POLE PROJECT NUMBER SCALE INDICATED DRAWN BY ES APPROVED BY RJ ISSUE DATE 2019-04-03 NOTE. ALL DIMENSIONS SHOULD BE VERYFIED ON FIELD, BY GENERAL CONTRACTOR. THE CONSTRUCTION IN ORDER TO REVISE AND OR CORRECT ALL DRAWING UNITS ARE AS SPECIFIED. ALL ALL DIMENSIONS, LEVELS AND SITE EXISTING CONDITIONS STAMP, SIGNED AND STAMPED BY THE ARCHITECT. THIS D THIS ARCHITECT. THE BY STAMPED AND SIGNED STAMP, T (787) 249 8131 8131 249 (787) T email: [email protected] Almendares 2 (2nd Floor) Condado , PR 00907 QUEEN MARY HWY. (ROUTE 70) CUMENTS BEFORE THE BEGINNING OF OT HAVE THE "ISSUE FOR CONSTRUCTION" OT THE HAVE "ISSUE MAIN ENTRANCE REPRODUCTION. TO PRIOR AUTHORIZATION SECONDARY ENTRANCE SERVICE ENTRANCE RETAIL EXTERIOR RETAL RETAL EXISTING II EXTERIOR EXTERIOR BANK BPP 3,952.50 SQ. FT. 3,907.86 SQ. FT. 4,370.95 SQ. FT. CANOPY RETAIL RETAIL 4,288.77 SQ. FT. I III 1976.25 SQ. FT. 1,976.25 SQ. FT. GATE GATE BY ERROR OR IN OMISSION THE SET DO OF CONSTRUCTION NCE PRIOR THE CONSTRUCTION, ESPECIALLY IF N DOES IT ESPECIALLY THE CONSTRUCTION, PRIOR NCE IAL OR FULL REPRODUCTION OF IT WILL REQUIRE WRITTEN ANNEX DEPARTMENT OR BUILDING SUPERMARKET GROCERY RCHITECT RCHITECT OF THE EXISTENCE OF ANY DISCREPANCY EITHER OF SERVICE FOR THE PROJECT IT WAS DEVELOPED. PART DEVELOPED. WAS IT PROJECT THE FOR SERVICE OF GATE DROP OFF DROP OFF CONTRACTOR SHALL NOT USE ANY DRAWING GIVEN IN ADVA FREDERIKSTED, ST. CROIX, U.S.V.I. CROIX, ST. FREDERIKSTED, GATE LOADING AREA T H E M A L L A T S T. C I R O X MAIN BUILDING GATE K-MART HIS ERROR OR OMISSION IF ITS NOT INFORMED ON TIME. IF NOT ITS INFORMED OR ERROR OMISSION HIS ONE WILL BE ALLOWED TO USE THEM BUT AS AN INSTRUMENT AN AS BUT THEM USE TO ALLOWED BE WILL ONE TO COMMENCE ANY WORK. CONTRACTOR MUST INFORM THE A REVISIONS NO. DESCRIPTION BY DATE LOADING EMPLOYEE PARKING AREA GATE PROPOSED T FOR RESPONSIBLE FULLY BE WILL CONTRACTOR THE IT. RAWING IS THE SOLE PROPERTY OF THE ARCHITECT FOR NO NO FOR ARCHITECT THE OF PROPERTY SOLE THE IS RAWING SITE PLAN SHALL BE VERIFIED BY THE GENERAL CONTRACTOR PRIOR 13 1 PROPOSED SITE PLAN A101 SCALE: 1" = 50' - 0" SHEET TITLE SHEET NUMBER SINGLE LIGHT POLE DOUBLE LIGHT POLE TRIPLE LIGHT POLE PROJECT NUMBER SCALE INDICATED DRAWN BY ES APPROVED BY RJ ISSUE DATE 2019-04-03 NOTE.
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