DOCSLIB.ORG

The Edge 27 Unit Luxury Condominium Investment

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

27 UNIT LUXURY CONDOMINIUM INVESTMENT OPPORTUNITY THE EDGE PAGE 1 27 UNIT LUXURY CONDOMINIUM INVESTMENT OPPORTUNITY KEY INVESTMENT HIGHLIGHTS Newmark Knight Frank Multifamily has been exclusively engaged to market 27 (out of 307) units for-sale within The Edge - a best in class, high-rise condominium community located in the heart of Downtown West Palm Beach, Florida. The Edge represents a rare opportunity to purchase luxurious condominium rental units with spacious floor plans and modern architecture. The majority of the units are located on the upper floors providing stunning skyline views of Downtown West Palm Beach, the Intracoastal Waterway, Clear Lake and the Atlantic Ocean. PREMIER CLASS "AAA" LUXURY EXCELLENT SURROUNDING RETAIL INCREDIBLE ACCESS TO MAJOR PRODUCT AND DESIGN AND QUALITY OF LIFE THOROUGHFARES • Spacious design and modern • 95 Walk Score • Brightline station - 1 mile East architecture - Higher than Downtown Miami 91 • Tri-Rail – 3 minutes East and Lincoln Park Chicago 94 • Resort level amenity package • U.S Highway 1 – 5 block East • Minutes to upscale retail • Incredible views of downtown • I-95 – 3 minutes West West Palm Beach, Clear Lake, the - Clematis Street Intercoastal and Atlantic Ocean - CityPlace • Palm Beach International – - The Royal Poinciana Plaza 12 minutes South UNIT FEATURES - Worth Avenue • Florida Turnpike – 15 minutes West • Stainless steel appliances - Antique Row – Art & Design District • Fort Lauderdale - Hollywood • In the Lifestyle Center of West International Airport – 1 hour South • Premium wood cabinetry Palm Beach • Double-bowl stainless steel - Warehouse District with nightlife, ACCESS TO EMPLOYMENT CENTERS undermount sink restaurants, boutique shops • West Palm Beach – 13.3M SF office • Tile back splash and fitness space (within immediate area) • Polished granite countertops - Norton Museum of Art - Kravis Center for the Performing • Palm Beach – 2.6M SF office • Porcelain tile Arts with 550 performances space (6 minutes southeast) • Designer carpet a year • North Palm Beach 8.6M SF office • Walk-in closets space (15 minutes north) DYNAMIC EMPLOYMENT MARKET • Recessed lighting • Boynton Beach – 2.8M SF office • 10,300 jobs added in the West space (15-20 minutes south) • Spacious pantry Palm Beach, Boca Raton, Delray • Royal Palm Beach/Wellington – • Full size washer and dryer Beach Metropolitan Division in 1.8M SF office space (25 minutes • Oversized soaking tub 2017 west) • 10-foot ceilings • 4.1% average annual job growth in • Jupiter – 3.6M SF office space the previous two years (2015-2017) • 10-foot sliding glass doors (25 minutes north) • 2.0% annual job growth projected • Private terrace • Boca Raton – 17.4M SF office between 2017 – 2020 (Moody’s space (25 minutes south) • Water and city views Analytics) • 2 parking spaces per unit • Approximately 40,000 jobs within • 2 fully furnished model units by 1 mile of the properties designer Steven G (units 805 & 1418) for a total cost of $185K PAGE 2 PROPERTY DETAILS UNIT MIX SUMMARY UNIT TYPE BY BEDROOM Average Market Unit Unit # of % of Avg. Rent Per Type Name Units Total Unit SF* Month SF 1 BR 1 Bed/1 Bath B-1 2 7.4% 1,010 $1,916 $1.90 1 Bed/1 Bath F-1 2 7.4% 1,178 $1,800 $1.53 2 Bed/2 Bath D-1 5 18.5% 1,112 $1,870 $1.68 2 Bed/2 Bath D-2 3 11.1% 1,141 $2,033 $1.78 2 Bed/2 Bath E 1 3.7% 1,164 $2,100 $1.80 2 Bed/2 Bath (with Den) F 6 22.2% 1,178 $2,017 $1.71 2 Bed/2 Bath (with Den) G-1 3 11.1% 1,278 $2,050 $1.60 2 BR 2 Bed/2 Bath (with Den) G 3 11.1% 1,298 $2,097 $1.62 2 Bed/2 Bath G-2 2 7.4% 1,302 $2,100 $1.61 The Edge 27 100% 1,182 $1,990 $1.68 1 Bedroom 15% 2 Bedroom 85% * Owner and Broker make no representation as to the actual square footage of any units. Prospective purchasers are encouraged to independently confirm the measurement of all units. INVESTMENT DETAIL Address 300 S Australian Avenue West Palm Beach, FL 33401 Year Construction 2007 Total Units 27 Average Unit SF 1,182 Avg. Market Rent Per Unit $1,990 Avg. Market Rent Per NSF $1.68 Occupancy* 95% * Excluding two furnished and two unfurnished model units THE EDGE PAGE 3 27 UNIT LUXURY CONDOMINIUM INVESTMENT OPPORTUNITY PROPERTY PHOTOS PAGE 4 PROPERTY PHOTOS THE EDGE PAGE 5 27 UNIT LUXURY CONDOMINIUM INVESTMENT OPPORTUNITY SALES COMPARABLES Property Name Sales - 12 Months Avg. Sales Price Avg. Size Avg. Sale Price/SF Year Built Esplanade Grande 50 $1,321,759 2,576 $513 2004 The Strand 4 $403,250 1,035 $390 2002 City Place South Tower 12 $352,292 1,008 $349 2008 Two City Plaza 15 $509,767 1,470 $347 2008 City Palms 5 $237,600 767 $310 2008 One City Plaza 15 $342,767 1,216 $282 2006 The Whitney 1 $315,500 1,278 $247 2007 Prado 6 $274,667 1,118 $246 2006 City Place 16 $215,156 1,052 $204 2001 The Edge* 8 $182,750 871 $210 2007 Totals 132 $702,822 1,674 $420 * Current ownership recently sold 4 units through a retail sales program at an average price/SF of $263 1 Esplanade Grande 2 The Whitney 7 The Strand Prado City Palms 5 8 Two City Plaza City Place 9 4 6 One City Plaza 3 City Place South Tower PAGE 6 MAJOR EMPLOYMENT CENTERS BOYNTON BEACH/ DELRAY BEACH BOCA RATON WEST PALM BEACH (15-20 MINUTES SOUTH) (25 MINUTES SOUTH) 13.3M SF 101,500+ 6.7M SF 73,000+ 17.5M SF 122,400+ of office space employees of office space employees of office space employees 8,773 8,592 11,264 businesses businesses businesses • Phillips Point East & West – • The property is within twenty • Park at Broken Sound – 850 acres, 443,498 SF Class A office space minutes from 2 million SF of state-of-the-art research and with tenants including law firms, office/retail space along Boynton manufacturing hub. financial institutions, personal Beach Boulevard, one of the main • Boca Corporate Center and services and more. commercial corridors within the Campus – 1.8 million SF Class A • City Center – 300,000 SF of submarket. technological space on 532 acres government office space located • Quantum Corporate Park, located with 1.5 miles of frontage on I-95. on Clematis Street. 10 minutes northeast, 600-acre • Office Depot – global headquarters • CityPlace Tower – 295,933 SF multi-use business park that with more than 2,000 employees. Class A office space with tenants houses Publix Distribution Center including business services, law 1901, Allstate, Canada Dry and Major Employers others. firms and medical services. Boca Raton Regional Hospital (2,900 physicians and employees), FAU Major Employers Major Employers (2,655 employees), Office Depot Tenet Healthcare (6,100 employees Bethesda Memorial Hospital (3,250 (2,000+ employees), Boca Raton county wide), HCA (2,714 employees physicians and employees), Yurcor Resort & Club (1,292 employees), NCCI county wide), Veterans Health (HQ with 500 employees), BAMCO Headquarters (923 employees), ADT Headquarters (1,700 employees), Construction, Inc. (300 employees), Security Services (600 employees), Sikorsky Aircraft (1,181 employees), Meisner Electric, Inc. (215 employees), TMS Health Headquarters (560 Tyco Headquarters (850 employees), Hardrives, Inc. (134 employees). employees), US Foods (500 Pratt & Whitney (675 employees), employees) and many more. Aerojet Rocketdyne (400 employees). THE EDGE PAGE 7 27 UNIT LUXURY CONDOMINIUM INVESTMENT OPPORTUNITY POINTS OF INTEREST - NORTH PALM BEACH COUNTY SHOPPING 1 Worth Avenue 2 CityPlace 3 The Gardens Mall 4 Royal Poinciana Plaza 5 Palm Beach Outlets 1 2 6 PGA Commons 6 ENTERTAINMENT 1 Roger Dean Stadium 2 Clematis Street 1 3 3 The Breakers Hotel 6 4 Kravis Center 9 5 5 Norton Art Museum 2 PARKS/RECREATION 3 1 Country Club at Mirasol SINGER 2 Gardens Park 1 ISLAND 15 13 3 John D. MacArthur Beach State Park 14 4 Okeeheelee Park 3 12 5 Palm Beach Equestrian Center 8 8 6 Palm Beach National Golf Course 2 4 7 Bear Lakes Country Club 5 6 8 Banyan Cay Golf Club and Resort 7 9 9 PGA National Resort and Spa 4 1 7 2 3 10 Trump International Golf Club 4 11 Palm Beach Polo and Country Club 1 3 5 12 Mangonia Park 13 Wells Recreation Complex 14 Riviera Beach Marina 15 Barracuda Bay Aquatic Complex 5 10 2 4 11 EDUCATION/EMPLOYMENT CENTERS 95 1 Vista Center Corporate Park 2 Florida Atlantic University/ 6 Jupiter Campus 5 4 3 Palm Beach Atlantic University 7 4 Palm Beach College 5 PBAU, Wellington Campus 6 Scripps Research Institute 7 Northwood University 8 Quantum Corporate Park 8 HEALTH CARE 1 VA Medical Center 2 Wellington Regional Medical Center 3 Columbia Hospital 4 Palms West Hospital ATLANTIC 5 Palm Beach Gardens Medical Center OCEAN 6 Good Samaritan Medical Center 7 John F. Kennedy Medical Center 8 Saint Mary’s Hospital 9 Cleveland Clinic PAGE 8 CONGRESS LAKE WORTH RD POINTS OF INTEREST - SOUTH PALM BEACH COUNTY D R G O J LANTANA RD SHOPPING 1 Town Center Mall at Boca Raton HYPOLUXO RD 2 Mizner Park TO THE NORTH 3 The Plaza at Delray Shopping Center 1 1 1 1 1 9 4 Delray Commons Shopping Center 5 Delray Crossing Shopping Center GATEWAY 6 Shops at Boca Center 4 7 Shoppes of Blue Lake 8 University Commons 9 Boynton Beach Mall BOYNTON BEACH BLVD 9 95 ENTERTAINMENT WOOLBRIGHT 5 1 Cinemark Palace 20 Movie Theater 2 Boca Raton Resort and Club 4 3 Boca Lago Golf Course 4 Downtown Delray Beach 5 Delray Marketplace CONGRESS PARKS/RECREATION LAKE IDA ROAD 1 Patch Reef Park 2 Spanish River Park 4 3 South County Park 5 ATLANTIC AVENUE 4 Boynton Beach Inlet 5 Quail Ridge Country Club 3 LINTON RD 6 Quiet Waters Park L 3 I 5 4 7 Morikami Museum and 7 A R Japanese Garden T D Y R R G A EDUCATION/EMPLOYMENT CENTERS T O I J L I 1 Florida Atlantic University CLINT MOORE RD M 5 95 2 Lynn University 3 Palm Beach State College, YAMATO ROAD 6 CONGRESS 8 Boca Raton Campus 1 4 7 4 Boca Corporate Center & Campus 5 Office Depot Headquarters 2 6 ADT Headquarters 3 3 LYONS GLADES RD6 1 7 1800 Boca Center 1 1 7 8 2 8 Park at Broken Sound 1 2 9 Quantum Corporate Park 3 PALMETTO PARK RD 2 HEALTH CARE 95 CAMINO REAL 2 BOCA TH 1 West Boca Community Hospital RATON 18 STREETPALM BEACH CO.
Recommended publications
  • Stay Play Shop

    Stay Play Shop

    PALM BEACH WEST PALM PALM JUPITER LAKE WELLINGTON BOYNTON DELRAY BOCA GARDENS BEACH BEACH SHOPPING WORTH SHOPPING BEACH BEACH RATON The Gardens Mall PGA Commons Clematis District Palm Beach Outlets Worth Avenue Harbourside Place Downtown Lake Worth The Mall at Renaissance Commons, Atlantic Avenue Mizner Park Town Center at Boca Raton This experience starts with an exquisite two- Peruse and shop in a setting reminiscent Delicate historic buildings stand side- A tremendous mix of brand favorites sure This open-air waterside location with Colorful, artistic, and bohemian to say the Wellington Green Boynton Beach Boulevard The charming ambience of this café-style An enchanting destination with a Stroll a wonderful plaza, tour a fne art An outstanding mix of trendy, elite shops story venue flled with fountains, sculptured of a European village, as outdoor artwork, by-side modern ones, overlooking the to excite bargain hunters and shopaholics sophisticated, inimitable style and grace. This a laid-back, tropical feel is just right for least. The landscape along its two main Wellington is an international destination The welcoming design, stunning streetscape is enhanced by brick-paved exhibit at the Boca Museum of Art, or enjoy along with favorite mall stores. A place artwork, and natural brightness from the iron staircases, fountains, fowers, and high-energy atmosphere produced by alike. Additionally, Marketplace at the is one of the most beautiful shopping venues shopping its national and local stores, streets, Lake and Lucerne Avenues, is for equestrian sports, with a matchless architecture, and inviting scenery make sidewalks lined with oak and palm trees. a concert at the Amphitheater – and shop.
  • Strong Sales Outparcel to the Mall at Wellington Green (1.273M Sq Ft) (S&P: Bbb) Wellington, Fl (Miami Msa)

    Strong Sales Outparcel to the Mall at Wellington Green (1.273M Sq Ft) (S&P: Bbb) Wellington, Fl (Miami Msa)

    STRONG SALES OUTPARCEL TO THE MALL AT WELLINGTON GREEN (1.273M SQ FT) (S&P: BBB) WELLINGTON, FL (MIAMI MSA) OFFERED AT: $9,950,000 | NOI: $464,000 Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW TABLE OF CONTENTS EXECUTIVE SUMMARY 4 Executive Summary 5 Investment Highlights 6 Lease Summary & Rent Overview 7 Lease Abstract PROPERTY INFORMATION 9 Location Maps 10 Surrounding Aerial 11 Demographics 12 Property Photos 13 Neighboring Tenants 16 Aerials TENANT OVERVIEW 22 About Walgreens AREA OVERVIEW 24 Wellington Overview 25 Palm Beach County Overview 26 Miami Overview Confidentiality Agreement & Disclosures EXCLUSIVELY LISTED BY RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449 [email protected] [email protected] Color Scheme RGB R:145 / G:0 / B:40 CMYK C:0 / M:100 / Y:65 / K:47 RGB R:119 / G:120 / B:123 CMYK C:0 / M:0 / Y:0 / K65 Fonts GOTHAM/ BLACK GOTHAM/ MEDIUM GOTHAM/ LIGHT BROKER OF RECORD: South Investment Property, LLC dba Lee & Associates South Florida Actual Property FL Broker’s Lic# BK3088290 WALGREENS | Wellington, FL (Miami MSA) | 2 EXECUTIVE SUMMARY WELLINGTON, FL (MIAMI MSA) WALGREENS | Wellington, FL (Miami MSA) | 3 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW • Offering Summary • Investment Highlights Lease Summary & Rent Schedule Lease Abstract -- OFFERING SUMMARY -- INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW Offering Price: $9,950,000 Address: 10420 Forest Hill Blvd Wellington, FL 33414 Net Operating Income: $464,000 Property Size: Approx 15,101 Sq. Ft. Cap Rate: 4.66% Land Size: 1.93 Acres Price/SF: $659 Ownership: Fee Simple (Land, Building) Lease Type: Absolute Triple-Net (NNN) Year Built: 2006 Store #: 9384 Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a trophy Walgreens property located in Wellington, FL within the Miami MSA (the “Property”).
  • The Mall at Wellington Green Wellington, (West Palm Beach)

    The Mall at Wellington Green Wellington, (West Palm Beach)

    The Mall at Wellington Green The Mall at Wellington Green Wellington, (West Palm Beach) Florida When you see the stunningly beautiful Mall at Wellington Green and note its location in Palm Beach County, Florida, it’s easy to assume that it caters solely PALM BEACH GARDENS, FL to the affluent who live, winter or visit here. WEST PALM BEACH, FL But there’s more to this market — and this mall. Wellington and environs are home to middle-class, multicultural, multigenerational professionals, too. BOCA RATON, FL 10 MILES They want the best fashion and home furnishing brands that offer style and value — and a community dining and entertainment core around a state-of-the- art Paragon cinema opening this year. As it continues to evolve, The Mall at Wellington Green serves them all. The Mall at Wellington Green Wellington, (West Palm Beach) Florida • Enclosed two-level super-regional mall • 10-screen Paragon cinema opening 2016 • At the geographic center of Palm Beach County • Mix of anchors serves economically diverse community Property Description major roads US Highway 441 (Route 7) center description Enclosed, two-level center and Forest Hill Boulevard anchors Nordstrom, Macy’s, JCPenney, Dillard’s, (Route 882) and City Furniture/Ashley total sf 1,270,000 key tenants Apple, Banana Republic, Bebe, Brighton Collectibles, # of stores 150 Chico’s, Swarovski, Tommy Bahama, BCBGeneration, Pandora, Lush Cosmetics, L’Occitane en Provence, # of parking 7,600 and Williams Sonoma THE CENTER THE MARKET STARWOOD The Mall at Wellington Green “The Mall at

  • A Day in Jupiter

    Discover The Palm Beaches presents: A DAY IN JUPITER How to spend your day In the warm & Welcoming Town of Jupiter, FLorida - where to go, what to do, & where to eat ADVENTURING WHERE TO RE-FUEL From waterways and trails to burgerfi jupiter Golf Courses and animal Dune Dog sanctuaries , Here's what you can Duke's Lazy Loggerhead Cafe look forward to experiencing Center street Nook during your next visit: Jupiter Donut Factory GUacamole Schooner's 3 scoops ice cream the burger shack at lighthouse cove the malted barley the royal cafe PARKS & NATURAL AREAS cypress creek natural area Cypress creek south natural area Aaron's Table & Wine Ba Jupiter Ridge natural area Copacabana Cuban Cuisine loxahatchee river natural area Cafe Des Artistes pine glades natural area coolinary cafe Riverbend Park Dive Bar Restaurant Guanabanas Hokkaido Hibachi & Sush Jetty's Waterfront Restaurant Little Moir's Food Shack BEACHES 1000 North Old Florida Bar & Grill Carlin Park portobello Cucina Italiana Dog Beach Sinclair's Ocean Grill DuBois Park Tommy Bahamas restaurant, bar Jupiter Beach park U-tiki Beach Ocean Cay Park GOLF Abacoa Golf Course WHERE TO HYDRATE Golf Club of Jupiter Inc. Jupiter Dunes Golf Club subculture Coffee The Locamotive OTHER ATTRACTIONS The Square Grouper Bowlero Busch Wildlife Sanctuary Civil society Brewing Harbourside place Jupiter Inlet Lighthouse & Museum modern juice Company Lighthouse Cove Adventure golf maltz jupiter theatre The River Center Discover The Palm Beaches presents: A DAY IN WEST PALM BEACH How to spend your day In the Cultural & Creative City of West Palm BEach, Florida - where to go, what to do, & where to eat EXPLORING From Museums and street murals to thriving entertainment hubs and shopping centers , Here's what you can where to re-fuel look forward to experiencing during aioli avocado grill your next visit: banter batch new southern kitchen & tap bistro ten zero one bj's restaurant & brewhouse brother jimmy's bbq BurgerFi rosemary square cholo soy cocina dixie grill & brewery parks & Natural Areas Dontee's Diner E.r.
  • Map for Website

    Map for Website

    THINGS TO DO 1 Indiantown Rd 1 Jupiter Inlet Lighthouse 2 Indiantown Rd 40 Canoe Outfitters of Florida 39 JUPITER 3 Palm Beach International Raceway 3 Florida’s Turnpike & TEQUESTA 4 Roger Dean Stadium B 5 John D. MacArthur Beach State Park ee lin e 41 6 Peanut Island Park Hw y 4 Donald Ross Rd 7 Richard and Pat Johnson JUNO BEACH KEY Palm Beach County History Museum NORTH 8 Flagler Museum Jupiter & Tequesta 9 Kravis Center For The Performing Arts 44 34 PALM BEACH GARDENS 10 Palm Beach County Convention Center LAKE OKEECHOBEE 710 PGA Blvd PG A Blvd 43 45 & NORTH PALM BEACH Palm Beach Gardens & North Palm Beach 11 Norton Museum of Art B 42 12 Palm Beach Kennel Club PAHOKEE ee lin 5 e 1 West Palm Beach & Palm Beach 13 Mounts Botanical Garden Hw Northlake Blvd y Perfect Vodka Amphitheatre Northlake Blvd A1A 14 LAKE Lake Worth & Lantana 15 South Florida Fairgrounds PARK 16 Lion Country Safari Blue Blvd Riviera Beach Heron Delray Beach 17 Wellington Equestrian/Polo Grounds 6 PALM BEACH SHORES 18 Okeeheelee Nature Center A Boca Raton 19 South Florida Science Museum and Aquarium u LOXAHATCHEE s t r Palm Beach Zoo a 20 l i Military Trail a Airport n 21 National Croquet Center A v e Florida’s Turnpike 27 22 Delray Beach Center for the Arts 36 WEST PALM BEACH lm Bch Lakes Blvd Interstate 95 ROYAL PALM BEACH Pa & PALM BEACH 23 Dolly Hand Cultural Arts Center 28 7 48 BEACHES THE PALM 24 Morikami Museum and Gardens 9 46 8 Florida’s Turnpike Okeechobee Blvd 10 30 25 Loxahatchee Everglades Tours BELLE GLADE CENTRAL B re R 29 16 elvede d 12 11 Palm Beach
  • INSIDE Turtles Breaking Statewide Nesting Records

    INSIDE Turtles Breaking Statewide Nesting Records

    INSIDE WEEK OF SEPTEMBER 15-21, 2016 www.FloridaWeekly.com Vol. VI, No. 48 • FREE “I’m just your regular Florida boy.” —Jett Beres, Sister Hazel bassist and real estate agent Norton restoration Rock ’n’ roll Project stabilizes gardens’ realtor monumental works. B1 $25 million gift Jupiter Medical Center receives its largest single donation ever. A13 ADAM BARON / FLORIDA WEEKLY New stores at Gardens Sister Hazel bassist Jett Beres strums his bass during his day job at Singer Island Realty. Jo Malone, A Pea in the Pod open at mall; Chico’s remodels. A14 BY AMY WOODS reef and played volleyball on hot sand Sister Hazel bassist awoods@fl oridaweekly.com across from the Ocean Mall as a youth. “I’m just your regular Florida boy,” the Jett Beres sets sights CASUALLY CLAD IN FLIP-FLOPS, SHORTS AND A 45-year-old said. golf shirt, Singer Island Realty’s newest Not really. He is Jett Beres, a Cardi- on Singer Island agent gestures from his third-story office nal Newman High School graduate who on Ocean Drive toward the line of condo- presciently earned “Senior Standout” sta- real-estate sales miniums visible through the wide window tus from his Crusader classmates in 1989: behind him. “Who knows what fame and fortune has in “I grew up going to the beach right here,” store for this talented musician?” reads the he said. yearbook entry about the president of the The West Palm Beach transplant by way student music club, who four years later of Fort Myers surfed the legendary pump SEE BERES, A8 house, snorkeled the Anastasia-limestone BumbleFest buzz Stargazer Lilies headline the West Palm Beach festival.
  • West Palm Beach

    West Palm Beach

    The Mall at Wellington Green The Mall at Wellington Green Wellington, (West Palm Beach) Florida When you see the stunningly beautiful Mall at Wellington Green and note its location in Palm Beach County, Florida, it’s easy to assume that it caters solely PALM BEACH GARDENS, FL to the affluent who live, winter or visit here. WEST PALM BEACH, FL But there’s more to this market — and this mall. Wellington and environs are home to middle-class, multicultural, multigenerational professionals, too. BOCA RATON, FL 10 MILES They want the best fashion and home furnishing brands that offer style and value — and a community dining and entertainment core around a new Paragon Theater with a Cask & Shaker Craft Bar and Kitchen. As it continues to evolve, The Mall at Wellington Green serves them all. The Mall at Wellington Green Wellington, (West Palm Beach) Florida • Enclosed two-level super-regional mall • A new 10-screen Paragon Theater with a Cask & Shaker Bar and Kitchen • At the geographic center of Palm Beach County • Mix of anchors serves economically diverse community Property Description major roads US Highway 441 (Route 7) center description Enclosed, two-level center and Forest Hill Boulevard anchors Nordstrom, Macy’s, JCPenney, Dillard’s, Paragon (Route 882) Theater, and City Furniture/Ashley total sf 1,270,000 key tenants Apple, Banana Republic, Brighton Collectibles, Chico’s, # of stores 150 Swarovski, Tommy Bahama, Pandora, Lush Cosmetics, and L’Occitane en Provence # of parking 7,600 THE CENTER THE MARKET STARWOOD The Mall at Wellington
  • West Palm Beach) Florida Beautiful, Mediterranean Style Super- Regional Center in Palm Beach County

    West Palm Beach) Florida Beautiful, Mediterranean Style Super- Regional Center in Palm Beach County

    The Mall at Wellington Green The Mall at Wellington Green Wellington, (West Palm Beach) Florida Beautiful, Mediterranean style super- regional center in Palm Beach County Multi-phase redevelopment underway PALM BEACH GARDENS, FL Adding new-to-market dining, entertainment and unique retail WEST PALM BEACH, FL Diverse market of affluent and middle- class residents, professionals and visitors BOCA RATON, FL 10 MILES The Mall at Wellington Green Wellington, (West Palm Beach) Florida Enclosed two-level super-regional mall Lemongrass, now open and Ford’s Garage, opening soon A new upscale Paragon Theater with Cask & Shaker Craft Bar and Kitchen Mix of popular anchors serves economically diverse community Property Description MAJOR ROADS US Highway 441 (Route 7) center description Enclosed, two-level center and Forest Hill Boulevard anchors Macy’s, JCPenney, Dillard’s, Paragon Theater, and City (Route 882) Furniture/Ashley total sf 1,270,000 key tenants Apple, Alex and Ani, Brighton Collectibles, # of stores 150 Chico’s, Swarovski, Tommy Bahama, Pandora and # of parking 7,600 Lush Cosmetics THE CENTER THE MARKET STARWOOD The Mall at Wellington Green Redevelopment Highlights A 10-screen Paragon Theater with a Cask & Shaker Craft Bar and Kitchen, now open Ford’s Garage, with the ambiance of being in a service station in the 1920s with vintage Ford vehicles and gas pumps, will specialize is gourmet burgers and American craft beer. Other new stores include Alex and Ani, Windsor, Francesca’s Collection, Apricot Lane and Carter’s/ Osh Kosh Additional
  • The Mall at Wellington Green Wellington, (West Palm Beach) Florida Beautiful, Mediterranean Style Super- Regional Center in Palm Beach County

    The Mall at Wellington Green Wellington, (West Palm Beach) Florida Beautiful, Mediterranean Style Super- Regional Center in Palm Beach County

    The Mall at Wellington Green The Mall at Wellington Green Wellington, (West Palm Beach) Florida Beautiful, Mediterranean style super- regional center in Palm Beach County Multi-phase redevelopment underway PALM BEACH GARDENS, FL Adding new-to-market dining, entertainment and unique retail WEST PALM BEACH, FL Diverse market of affluent and middle- class residents, professionals and visitors BOCA RATON, FL 10 MILES The Mall at Wellington Green Wellington, (West Palm Beach) Florida Enclosed two-level super-regional mall The Beauty & The Beeeef Burger Bar and Lemongrass, opening soon A new upscale Paragon Theater with Cask & Shaker Bar and Kitchen Mix of popular anchors serves economically diverse community Property Description MAJOR ROADS US Highway 441 (Route 7) center description Enclosed, two-level center and Forest Hill Boulevard anchors Nordstrom, Macy’s, JCPenney, Dillard’s, Paragon (Route 882) Theater, and City Furniture/Ashley total sf 1,270,000 key tenants Apple, Banana Republic, Brighton Collectibles, Chico’s, # of stores 150 Swarovski, Tommy Bahama, Pandora, Lush Cosmetics, # of parking 7,600 and L’Occitane en Provence THE CENTER THE MARKET STARWOOD The Mall at Wellington Green Redevelopment Highlights A 10-screen Paragon Theater with a Cask & Shaker Craft Bar and Kitchen, now open Kreations Boutique, bringing multiple fashion jewelry lines together under one roof Other new stores include Body & Sole Spa, Windsor, Francesca’s Collection, Apricot Lane and Carter’s/ Osh Kosh Additional dining, services, and fashion coming soon THE
  • The Palm Beaches Florida |

    The Palm Beaches Florida |

    YEAR 2017 Discover Shopping in The Palm Beaches The Palm Beaches provide the ultimate locale to partake in a session of retail therapy. Shop the many designer boutiques and trusted brand names in world-class malls or along historic avenues; save big at the outlets or discover eclectic finds at consignment boutiques. The destination’s key shopping precincts include (from north to south): Jupiter Harbourside Place, Jupiter’s newest waterfront destination, is coupled with the Jupiter Riverwalk, providing the town with a new downtown core. Harbourside Place Drive, dock, or paddleboard into Jupiter’s new downtown entertainment destination. “Dock and dine” at one of the complex’s nine restaurants, shop more than 15 boutique stores, enjoy live music, family fun, yoga, a GreenMarket and more in the outdoor amphitheater, or make it an overnight adventure by spending the night at the luxurious new 179-room Wyndham Grand Jupiter. Leisurely stroll along the handcrafted brick streets of the Jupiter Riverwalk that feature public art installations and live entertainment on select evenings. Palm Beach Gardens Find five distinct shopping districts loaded with dining and entertainment options: The Gardens Mall This 1.4 million-square-foot shopping destination provides shoppers with a dramatic architectural setting of two-story skylights, fountains and sculptured artwork paired with anchor stores Saks Fifth Avenue, Nordstrom, Bloomingdale’s, Macy’s and Sears. A blend of 160 world-class retail brands and sought-after retailers create the perfect setting for the ultrachic jetsetter, busy parent, bargain-hunter or affluent shopper. Amenities include valet parking, concierge service, on-site post office, salon services, currency exchange, and an array of restaurants and dining options.
  • Retail Market Study Delray Beach, Florida

    Retail Market Study Delray Beach, Florida

    Retail Market Study Delray Beach, Florida Prepared for: City of Delray Beach Downtown Development Authority Prepared by: Gibbs Planning Group 20 December 2017 TABLE OF CONTENTS INTRODUCTION .................................................................................................................. 3 Executive Summary ............................................................................................................. 3 Background .......................................................................................................................... 5 Methodology ......................................................................................................................... 7 Trade Area ........................................................................................................................... 9 Demographic Characteristics ............................................................................................... 11 Tapestry Lifestyles ............................................................................................................... 12 Employment Base ................................................................................................................ 15 TRADE AREA CHARACTERISTICS ................................................................................... 19 Location ................................................................................................................................ 19 Access .................................................................................................................................