Stony Point Fashion Park Richmond, Virginia Beautiful, Open-Air Regional Shopping RUTHER GLEN, VA and Dining Destination
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Stony Point Fashion Park Stony Point Fashion Park Richmond, Virginia Beautiful, open-air regional shopping RUTHER GLEN, VA and dining destination Unique-to-market specialty shops, GLEN ALLEN, VA dining and a state-of-the-art, five-star SHORT PUMP, VA movie experience RICHMOND, VA Enhanced outdoor amenities include fire features with comfortable seating areas, dog park, pop jet fountain, children’s play area and concert stage 10 MILES Stony Point Fashion Park Richmond, Virginia Fashion-focused, open-air lifestyle center Second phase of common area refresh completed Fall 2017 Located 9 miles west of downtown, easily accessible from Richmond’s upper-income suburbs Property Description major roads Chippenham Parkway center description Open-air lifestyle center (Route 150) and Stony anchors Saks Fifth Avenue, Dillard’s, and Dick’s Sporting Goods Point Parkway key tenants CineBistro, Tiffany & Co., Brooks Brothers, Talbots, total sf 675,000 Anthropologie, Vineyard Vines, Sur La Table, H&M, Brio Tuscan # of stores 58 Grille, Fleming’s Prime Steakhouse & Wine Bar, and P.F. Chang’s # of parking 3,200 THE CENTER THE MARKET STARWOOD Stony Point Fashion Park A re-envisioned Stony Point Fashion Park THE CENTER THE MARKET STARWOOD Stony Point Fashion Park Redevelopment Highlights First phase of multi-million dollar renovation added: The only outdoor ice rink in Richmond A children’s play area A fenced dog park Public art installations Soft seating Future plans include: Internationally-known fashion A Food Hall experience, wrapped in southern hospitality, offering unique, robust flavors from market stalls of local RVA chefs A boutique market with fresh produce, seafood, wines, cheeses, fresh- baked breads and pastries, a deli, a social craft beer experience, and distinctive retail THE CENTER THE MARKET STARWOOD Stony Point Fashion Park STONY POINT FASHION PARK FOOD HALL CONCEPT BOOK March 20, 2018 5 INTERIOR RENDERING Richmond called “One of the country’s most progressive and congenial food and drink destinations” — Wine Enthusiast THE CENTER THE MARKET STARWOOD Stony Point Fashion Park Home to only Saks Fifth Avenue in 100 miles Unique-to-market retailers and restaurants include Tiffany & Co., Brooks Brothers, Sur La Table, Fleming’s Prime Steakhouse, Vineyard Vines and Restoration Hardware An additional 300 luxury apartments, within walking distance, recently opened Only authentic ice rink in Richmond A Visible Partnership Accessible by more than 100,000 More than 200 historical sites, cars daily on nearby roads museums, festivals and sporting events Located near Richmond’s affluent Strong co-marketing efforts with suburbs retailers THE CENTER THE MARKET STARWOOD Stony Point Fashion Park THE CENTER THE MARKET STARWOOD Stony Point Fashion Park High job growth and affordable housing Highly-diverse economy and home to six Fortune 500 companies One of the most rich and diverse cultural destinations in the country A Capital Market Growing trade area population of 20% households earn $200,000+ 1M people with above-average 80% home ownership incomes Median home value of $334,000 Within 3 miles: 18,700 daytime employees $140,400 average household income THE CENTER THE MARKET STARWOOD Stony Point Fashion Park GUM SPRING Distance to Competition ASHLAND Chesterfield Towne Center Driving – 6 mi, 11 min Regency Square Driving – 5 mi, 7 min Short Pump Town Center The Shops at Willow LAUREL Lawn Driving – 6 mi, 12 min Regency Square WWII Veterans Memorial Hwy (Route 288) Short Pump Town Center 43,000 AADT The Shops at Willow Lawn Driving – 11 mi, 15 min Huguenot Road (Route 147) Stony Point Fashion Park 33,000 AADT RICHMOND MIDLOTHIAN RICHMOND INT’L AIRPORT Chesterfield Towne Center Midlothian Turnpike (US 60) 61,000 AADT Powhite Parkway (Route 76) 84,000 AADT Chippenham Parkway (Route 150) 52,000 AADT Legend Primary Trade Area CHESTERFIELD Secondary Trade Area Competition Access Roads (AADT= annual average daily traffic) 3 MILES THE CENTER THE MARKET STARWOOD Stony Point Fashion Park CarMax (HQ) I-295 Area Attractions Virginia State Capitol Capital One I-64 I-95 Richmond International Speedway (NASCAR) Genworth Financial (HQ) Richmond Coliseum Altria Group (HQ) American Civil War Center Anthem Blue Cross The Fan – largest collection Bon Secours and Blue Shield of Victorian homes in the Health System Amazon, Inc. country University of Richmond Historic and recreational James River 150 Virginia Museum of Fine Arts J. Sergeant Reynolds Community College Colleges Stony Point Fashion Park Virginia Commonwealth University Virginia Commonwealth VCU/MCV Health Systems NewMarket Corp (HQ) University Dominion Resources (HQ) 288 WestRock (HQ) J. Sergeant Reynolds Federal Reserve Bank 147 Community College UPS John Tyler Community College HCA Virginia Healthcare 60 University of Richmond Combined enrollment 62,700 John Tyler Community College 76 Legend Primary Trade Area Secondary Trade Area Colleges Dupont Key Employers 3 MILES THE CENTER THE MARKET STARWOOD Stony Point Fashion Park Demographics PTA1 STA2 TTA1 US Avg Population 2018 estimate 453,450 556,450 1,009,900 Primary trade area 2023 projection 472,902 583,585 1,056,487 estimated to add 20,000 % growth 2018–2023 4.3% 4.9% 4.6% 3.5% people by 2023 Population White 61% 59% 60% 70% By Race Black 28% 30% 29% 13% 36% of PTA households will Asian 3% 6% 5% 6% earn $100,000+ by 2023 Hispanic Ethnicity 10% 4% 7% 18% 1 in 3 households have Median Age 39 38 39 38 children under 18 % age 15-24 13% 15% 14% 14% % age 25 to 44 26% 26% 26% 26% Consumer expenditures % age 45 to 64 26% 27% 27% 26% trend 10% to 20% above US Households 2018 estimate 176,491 221,704 398,195 average 2023 projection 184,273 232,265 416,538 68% of employed residents 2018 households with kids under 18 35% 32% 33% 34% hold white collar positions Average 2018 estimate $95,867 $93,160 $94,360 $86,278 Household % earning $100,000+ 32% 32% 32% 28% Income 2023 projection $103,157 $102,400 $102,735 $95,107 Education % college educated 66% 67% 67% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 431 1,865 11,721 34,964 Employment daytime employment 4,739 18,728 124,779 414,245 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Stony Point Fashion Park 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 Patrick Kellner / Director, Leasing / 412.315.9328 / 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 & Westland Mall Montana Washington Development / 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 (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 Stony Point Fashion Park.