Anchorage, Alaska
Opening Fall 2013 Anchorage, Alaska
Project Overview
Alaska’s, first factory outlet/off-price shopping center is coming to Anchorage. Featuring over 150,000 square feet of exciting new outlet brands, the Outlets of Alaska at Dimond GLA: 150,000 sf Center is being developed as part of a thriving mixed-use regional shopping center known NUMBER OF STORES: 40+ as Dimond Center. Centrally located just 9 miles south of downtown Anchorage, Dimond Center is currently host to over 12 million visitors annually and is situated near the highest residential concentration and hub of commercial activity. ALASKA
Alaska’s unique State Permanent Fund Dividend program can be partially attributed to FAIRBANKS the exceptional resident spending power. Its annual disbursement of thousands of dollars CANADA to each and every Alaskan household provides additional disposable income to Alaskans the Outlets of Alaska ANCHORAGE at dimond center resulting in a fall spending boom when people from all over the state of Alaska fly to Anchorage to shop. Dimond Center’s critical mass of retail, dining, professional, hospitality and entertainment already draws more traffic than any other facility in the entire state of Gulf of Alaska Alaska. The integration of the Outlets of Alaska into Dimond Center will create incredible synergy and further solidify the center as Alaska’s premier shopping destination.
The Outlets of Alaska at dimond center 2 Anchorage, Alaska
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the Outlets of Alaska at dimond center
Location
Anchorage is Alaska’s largest city with a population of 291,826 having one of Anchorage the world’s most beautiful natural landscapes as its back drop. Located at the corner of Dimond Boulevard and Old Seward Highway in South Anchorage, Dimond Center is an area with the highest concentration of residential density Ted Stevens Anchorage International Airport and average household incomes. The center is visible from New Seward Highway, which is the most highly trafficked interstate in Anchorage. The the Outlets of Alaska at dimond center center is 6 miles from Anchorage International Airport and less than 10 miles from Downtown Anchorage.
ALASKA
FAIRBANKS CANADA
ANCHORAGE the Outlets of Alaska at dimond center
Gulf of Alaska
The Outlets of Alaska at dimond center 3 Anchorage, Alaska
Demographics Distance Population Avg HH. Income 5 mile radius 44,328 $100,255 ANCHORAGE 10 mile radius 250,822 $86,475 • Measures 1,967 square miles, largest city in Alaska 30 mile radius 300,881 $88,035 60 mile radius 382,474 $85,753 • Total population of 291,826.
• Active, youthful market with a median age of 33.5 and 27% of the population between the ages 20-39years with an average SHOPPING household income of $88,131.
• Average home value is $325,967. Another important aspect is the Alaskan “bush” shopper. There are an estimated 300,000+ Alaskan shoppers from • Port of Anchorage receives 95% of all goods entering the state. outside of Anchorage that shop in Anchorage. • Anchorage International Airport is the world’s third busiest airport by cargo traffic. Contributing factors for this phenomenon are: • Anchorage International Airport receives over 6 million • No sales tax in Anchorage. passengers annually. • No state sales tax in Alaska. • Every qualifying person gets a PFD check annually • Alaska has about one registered pilot for every 58 residents, six times as many pilots per capita and 14 times as many airplanes (estimated at $1,305 for 2012). per capita as the rest of the United States. • Many “bush” shoppers are shareholders in Alaska native corporations that pay dividends adding to the overall income.
The Outlets of Alaska at dimond center 4 Anchorage, Alaska
The Alaskan Cruise Impact CONVENTIONS There are over 100 cruise ship dockings annually in Southcentral Alaska (Anchorage, Seward and Whittier) with over 300,000 cruise ship passengers transiting through Anchorage. • Convention impact of $100 million.
Alaska cruise passengers are predominantly from the United States (82 percent). The Western • 8,000 hotel rooms and US is the largest market, representing nearly one-third of all passengers, followed by the 850 bed and breakfast establishments. South, East, and Midwest. Canadians represent less than one in ten passengers. • The Alaska Federation of Cruise passengers tend to travel in 2-person parties, and show an average party size of 2.5. Natives (AFN) Convention has a major impact on They report an average age of 53 years old. Six out of ten cruise passengers have a college retail sales thanks to the degree. The average reported annual household income was $105,000. Alaskan “bush” shopper.
Source: Economic Impacts of the Cruise Industry in Alaska, 2007 McDowell Group, Inc.
The Outlets of Alaska at dimond center 5 Anchorage, Alaska
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Tikahtnu Commons
5th Avenue Mall
Ted Stevens Anchorage International Airport 1
the Outlets of Alaska at dimond center 1 mile 1
3 mile
5 mile South Anchorage has a high Average Household Income of $ 100,255 1
Competition
5th Avenue Mall Tikahtnu Commons
Nordstrom, JCPenny, Coach, Banana Republic, Target, Sports Authority, Lowes, PetSmart, Best Buy Abercrombie, American Eagle, Sephora, Apple
The Outlets of Alaska at dimond center 6 Anchorage, Alaska
PetSmart Bed, Bath & Beyond 1
Starbuck’s
East Dimond Boulevard
Border’s
Best Buy
the Outlets of Alaska at dimond center New Seaward Highway
Sam’s Club 1
Walmart Old Seaward Highway
Sports Authority
Aerial View
State DOT Daily Traffic Counts • 71,259 at the corner of Dimond Boulevard and Old Seward Highway / 2nd highest trafficked corner in Alaska • 55,243 on New Seward Highway
The Outlets of Alaska at dimond center 7 Anchorage, Alaska
ARCHITECTURAL RENDERING I EXTERIOR SIGNAGE & ENTRY
The Outlets of Alaska at dimond center 8 Anchorage, Alaska
ARCHITECTURAL RENDERING I EXTERIOR SIGNAGE & ENTRY
The Outlets of Alaska at dimond center 9 Anchorage, Alaska
ARCHITECTURAL RENDERING I INTERIOR SIGNAGE & FACADE
The Outlets of Alaska at dimond center 10 Anchorage, Alaska
ARCHITECTURAL RENDERING I INTERIOR SIGNAGE & FACADE
The Outlets of Alaska at dimond center 11 Anchorage, Alaska
Project Team
Opening in 1977 Dimond Center has become the #1 shopping destination in Alaska. A mixed used project Dimond Center has over 750,000 sq. ft. of retail, restaurants, entertainment and office use. The strong demographics of South Anchorage and the phenomenon of the Alaska “bush” shopper have contributed to Dimond Center’s small shop sales PSF of over $480.00.
Dimond Center LLC was founded by Managing Member Joe C. Ashlock and currently has industry veterans Hugh Ashlock and Gary Shimada SCLS, SCSM as the development and remerchandising team. Dimond Center is an active member of the International Council of Shopping Center and the Northwest Independent Mall Group.
Dimond Center has partnered with FFO Real Estate Advisors, a full service real estate company and licensed brokerage based in Baltimore, Maryland to develop The Outlets of Alaska at Dimond Center. FFO specializes in offering third party leasing and development consulting services for shopping center landlords and retailers. With over 40 years of experience among the principals, FFO brings together the talents and expertise of three former Prime Retail leasing executives who each share unparalleled knowledge and professional connections within the factory outlet/off price shopping center industry. FFO is well known for its work on several high profile outlet center developments throughout the U.S., totaling in excess of two million square feet.
LOD Solutions, LLC is an innovative company that creates a total package of support services for the real estate & development industry. LOD Solutions provides the many individual services and consultant contracts necessary for producing the needed materials to design, develop, lease, and market both existing portfolio’s as well as developing and opening new projects. LOD Solutions has assembled a team of the brightest professionals in the industry that work together to provide a total collaborative set of services, management & leasing tools to their clients.
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