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Chicago Ridge Mall Chicago Ridge Mall Chicago Ridge Mall Chicago Ridge, Illinois The greatest business stories always revolve around the world’s major cities. Case in point: CHICAGO, IL Chicago Ridge, located in the heart of one of the most densely populated neighborhoods NAPERVILLE, IL in greater Chicago. ORLAND PARK, IL GARY, IN JOLIET, IL Best-in-class retailers offering their newest, TINLEY PARK, IL INDIANA ILLINOIS spectacular presentations meet a top 10 MILES entertainment and dining experience to appeal to a solid core of homeowners, healthcare professionals and families who understand what the rest of the market is missing. They know: It’s all about the base. Chicago Ridge Mall Chicago Ridge, Illinois • Enclosed single-level super regional center • 20 minutes from downtown Chicago • In-demand anchors and specialty tenants • Exceptionally positive sales trends with 8.5 million visitors Property Description major roads I-294 and US Highways center description Enclosed, one-level center 12/20 anchors Carson’s, Kohl’s, Sears, Aldi, Bed Bath & Beyond, total sf 981,700 and AMC Chicago Ridge 6 key tenants H&M, Old Navy, Victoria’s Secret & Pink, Pandora, # of stores 130 Akira, Charlotte Russe, Forever 21, Buffalo Wild Wings, Miller’s Ale House Restaurant, and a 530-seat # of parking 4,400 Dining Court with favorites including Panda Express, Sbarro, Subway and Taco Bell THE CENTER THE MARKET STARWOOD Chicago Ridge Mall “A town where people count” — Village of Chicago Ridge slogan THE CENTER THE MARKET STARWOOD Chicago Ridge Mall • In the midst of established residential area just outside Chicago city limits • Serves a densely populated trade area of 686,000 residents • Home to newest specialty center prototypes • Close proximity to Chicago Midway Airport, METRA commuter rail system, and Toyota Park sports facility Strength in Numbers Near Interstate 55 and Interstate 294 Major openings include H&M, Pandora, Akira and Red Robin Average of 138,000 cars on I-294 pass by the mall daily Major infrastructure reinvestment in nearby Midway Airport planned Specialty store sales up nearly 21% from 2012 to 2015 THE CENTER THE MARKET STARWOOD Chicago Ridge Mall “The Chicago Southland offers visitors outstanding restaurants, shopping and lodging.” — VisitChicagoSouthland.com • Located in densely populated Cook County, second most populous county in the United States • Local economy dominated by medical, transportation and logistics • Two hospitals and five colleges nearby • Close to major sports facility and international airport A Competitive Advantage of Convenience More than 154,000 residents and Nearby Toyota Park soccer stadium 67,000 daytime employees within seats up to 28,000 guests for games three miles and events Nearly 20,000 households within three miles have incomes above $75,000 20 million passengers annually pass through Midway Airport THE CENTER THE MARKET STARWOOD Chicago Ridge Mall • High-density primary trade area Primary Trade Area Average Household • Second highest populated county in the US Expenditures $2,528 on food away from home, 6% above US • Nearly 150,000 daytime employees within 5 miles $996 on personal care products and services, 8% above US • High level of home ownership $652 on home furnishings, on par with US $1,853 on apparel, on par • Family-oriented community with US $814 on sports and recreation, on par with US THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Distance to Competition North Riverside Park Mall North Riverside Park Mall NORTH RIVERSIDE Driving – 15 mi, 30 min Orland Square Driving – 9 mi, 21 min I-294 CHICAGO MIDWAY The Promenade AIRPORT Bolingbrook BEDFORD PARK Driving – 17 mi, 28 min Chicago Ridge Mall West 95th St 44,300 AADT EVERGREEN PARK The Promenade Bolingbrook OAK LAWN PALOS HILLS BOLINGBROOK South Ridgeland Ave 20,800 AADT 7 24,700 AADT I-294 138,00 AADT Legend Primary Trade Area Orland Square ORLAND PARK Secondary Trade Area Competition South Harlem Ave Access Roads 40,300 AADT (AADT= annual average daily traffic) 3 MILES ILLINOIS INDIANA THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Area Attractions 10 mi. Toyota Park Sports Facility 522,811 (Chicago Fire Soccer Club, Chicago Red Stars and Electro-Motive Diesel Inc. Chicago Bliss) Midway Airport Hollywood Casino Amphitheatre Daytime Employees Art Garden of Palos Heights 5 mi. 50,208 Freedom Hall 146,428 Ronald McDonald House Illinois Philharmonic 3 mi. Sand Ridge Nature Center Advocate Children’s Hope Hospital Businesses 67,219 13,076 Advocate Christ Medical Center Local Colleges 6,869 Little Company of Mary Hospital Saint Xavier University Chicago Ridge Mall 154,681 352,710 Daley College Residential Population 1,581,714 Moraine Valley Community $69,263 College Governors State University I-294 $74,192 Household Income Trinity College Combined enrollment: 32,900 Palos Community Hospital $69,674 Legend Demographics Key Employers 3 MILES ILLINOIS INDIANA THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 271,477 414,528 686,005 Nearly 2,000 professional, 2021 projection 273,464 416,207 689,671 scientific, and technical % growth 2016–2021 0.7% 0.4% 0.5% 3.7% services businesses in the Population White 81% 43% 58% 71% trade area By Race Black 8% 37% 26% 13% Asian 2% 2% 2% 5% More than 60 hotels and Hispanic Ethnicity 16% 35% 27% 18% 1,400 restaurants and bars Median Age 39 37 38 38 % age 15-24 13% 14% 14% 14% Home to the annual % age 25 to 44 26% 26% 26% 26% RidgeFest Celebration, one % age 45 to 64 27% 25% 26% 26% of the best-known summer Households 2016 estimate 103,100 139,442 242,542 festivals in the southwest 2021 projection 104,223 140,694 244,917 suburbs 2016 households with kids under 18 32% 39% 36% 34% Average 2016 estimate $76,051 $72,795 $74,179 $77,135 Household % earning $75,000+ 39% 35% 36% 36% “A convenient home for Income 2021 projection $82,216 $78,822 $80,266 $83,619 many who work in downtown Education % college educated 55% 52% 53% 59% Chicago” (Town Square Publications) 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 792 6,869 13,076 50,208 Employment 32 high schools in 10-mile daytime employment 9,783 67,219 146,428 522,811 radius 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Predominant Market Lifestyle Segments Sustaining Families—24% Conservative Classics—14% • Urban, multi-cultural mix • Upper-middle-class age 55+ • Younger to middle-age • Childless singles and couples • Middle-class families, blend of • College-educated kids, singles and couples • Enjoy comforts of home, • Modest lifestyles, aspirational gardening, reading, and shoppers entertaining • Enjoy a wide variety of media • Frequent patrons to museums, the theater, and casual-dining restaurants Cautious Traditionalists—13% Affluent Empty Nesters—12% • Over 55 year-old mix of • Upscale couples age 45+ singles and couples with children • High rate of home ownership • College-educated holding • Fans of reading, home-based executive and professional hobbies and travel positions • Enjoy eating out at family • Disposable cash with active restaurants lifestyles • Pursue entertainment outside • Involved in the community the home • Indulge in travel, cultural events, and exercise equipment THE CENTER THE MARKET STARWOOD Chicago Ridge Mall Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer. Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value. We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged. We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people. California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Senior Director, Leasing / 312.242.3182 / Solano Town Center Franklin Park Mall Joe Nicchetta Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bryant Siragusa / National Director, Restaurants & Entertainment / Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Ed Coury / Senior Vice President, Leasing / 312.242.3217 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 10/27/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Chicago Ridge Mall.
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