Westland Mall Hialeah, (Miami) Florida Serving Miami’s progressive and vibrant Hialeah community
FORT LAUDERDALE, FL Loyal customer base drives sales
above US average, including top- HOLLYWOOD, FL performing restaurants
Recently completed multi-million
dollar renovation MIAMI, FL
CORAL GABLES, FL An affluent and aspiring Latin community
10 MILES
HOMESTEAD, FL
Westland Mall Hialeah, (Miami) Florida Enclosed single-level regional mall
Only shopping center within a 10-mile radius
In the heart of northwest Dade County with access from every major thoroughfare
Premier Hispanic market and Latino customer base
Property Description
major roads Palmetto Expressway (SR center description Enclosed, one-level center 826) and West 49th Street anchors Macy’s, Sears, and JCPenney total sf 835,000 key tenants Pandora, Tous, H&M, Express Factory # of stores 95 Outlet, New York & Company, Aldo, G by # of parking 3,800 Guess, U.S. Polo Assn, and Victoria’s Secret
THE CENTER THE MARKET STARWOOD Westland Mall “A vibrant community [–] an American industrial city that continues to grow. Hialeah is one of the largest areas for employment and economic development in Miami-Dade County.”
— City of Hialeah
THE CENTER THE MARKET STARWOOD Westland Mall Fiercely loyal customer base
Multimillion-dollar renovation recently completed
Convenient to both Miami International and Ft. Lauderdale International airports
The Heart of Hialeah 234,000 vehicles daily on Palmetto One of the largest areas for Expressway employment and economic development in Miami-Dade County Florida East Coast Railway connects Hialeah with major Florida ports 5.5M annual visitors
THE CENTER THE MARKET STARWOOD Westland Mall THE CENTER THE MARKET STARWOOD Westland Mall Culturally diverse and dynamic place to live and shop
Growing local economy, dominated by medical, tourism, engineering and higher education
Hialeah is one of Florida’s largest and most family-oriented communities
Viva Westland Above-average growth with 40,600 High residential and commercial more people living in the trade area density of 220,000 residents and by 2023 102,000 daytime workers within 3 miles Nearly 60% home ownership rate More than 120,000 college students
THE CENTER THE MARKET STARWOOD Westland Mall Pembroke Lakes Mall PEMBROKE PINES NORTH PERRY AIRPORT
Distance to Competition Dolphin Mall Driving – 11 mi, 14 min I-75 Miami International Mall Driving – 10 mi, 12 min Palm Springs Mile Driving – 2 mi, 3 min Pembroke Lakes Mall 27 Driving – 14 mi, 16 min Palmetto Expressway 234,000 AADT MIAMI LAKES OPA-LOCKA AIRPORT
West 16th Avenue I-95 23,000 AADT
US Hwy 27/W Okeechobee Road 61,000 AADT Palm Springs Mile Westland Mall West 49th Street/Route 932 West 12th Avenue 55,000 AADT 29,500 AADT
HIALEAH Legend Primary Trade Area
Secondary Trade Area
DORAL Competition
Access Roads
(AADT= annual average MIAMI INT’L AIRPORT daily traffic)
3 MILES Dolphin Mall Miami International Mall MIAMI
THE CENTER THE MARKET STARWOOD Westland Mall 826
I-75 MIAMI LAKES OPA-LOCKA Cordis Corp (HQ) AIRPORT Area Attractions Marlins Park Johnson & Wales University Hard Rock Stadium Palmetto General Hospital Dade Medical College Trump National Doral Miami Westland Mall Miami Dade College Colleges Florida National University HIALEAH Miami Dade College I-95 Hialeah Hospital Florida International University 826 27 University of Miami Florida National University DORAL Trump National Doral Miami Johnson & Wales University
INTCOMEX (HQ) Carnival Cruise Corp (HQ) Dade Medical College Dade County Police & Government Combined enrollment: 122,900 Atkins Engineering MIAMI INT’L AIRPORT Jackson Memorial Hospital
MIAMI
Florida International Legend University WESTCHESTER Primary Trade Area Secondary Trade Area
Colleges
Key Employers 3 MILES CORAL GABLES University of Miami
THE CENTER THE MARKET STARWOOD Westland Mall Demographics PTA1 STA2 TTA3 US Avg Population 2018 estimate 385,798 259,151 644,949 Population growth rate 2023 projection 410,001 275,513 685,514 nearly double the US % growth 2018–2023 6.3% 6.3% 6.3% 3.5% average Population White 91% 48% 74% 70% By Race Black 4% 44% 20% 13% 1 in 2 residents hold white Asian 1% 1% 1% 6% collar positions Hispanic Ethnicity 91% 54% 76% 18% 43% of households have Median Age 42 36 40 38 children under 18 % age 15-24 12% 14% 13% 14% % age 25 to 44 27% 27% 27% 26% 49,100 trade area % age 45 to 64 29% 25% 27% 26% households have incomes Households 2018 estimate 121,773 79,579 201,352 of $75,000+ 2023 projection 129,322 84,808 214,130 Predominantly Hispanic or 2018 households with kids under 18 41% 45% 43% 34% Latino with 73% speaking Average 2018 estimate $60,421 $51,771 $57,002 $86,278 Household Spanish at home % earning $75,000+ 26% 22% 24% 40% Income 2023 projection $66,741 $55,243 $62,187 $95,107 Education % college educated 44% 43% 43% 59%
1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 2,589 12,085 26,851 82,217 Employment daytime employment 21,987 102,115 247,780 772,127
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER THE MARKET STARWOOD Westland Mall 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
$84,600 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 Charles Cristella / Director, Leasing /215.341.7520 / 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 / Senior 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 and Gateway Mall Entertainment Leasing / 214.771.2003 / [email protected]
Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 12/04/18 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com
THE CENTER THE MARKET STARWOOD Westland Mall