Willits Town Center

WILLITS TOWN CENTER Willits Town Center Basalt, Colorado Willits Town Center supports Located in scenic Basalt, Colorado, Willits Town Center is a mixed-use development that a year-round community with includes 250,000 square feet of commercial space and 120,000 square feet of residential a diverse group of restaurants, condos. Located just minutes from world-class ski resorts, miles of hiking and biking trails, alpine camping, world-renowned fly fishing and much more, Willits offers something for retail shops, office space, everyone. Built around a central town square with plenty of green space, Willits is the only residential lofts and more. sustainable, mixed-use community in the Roaring Fork Valley. The project is anchored by Whole Foods and is home to popular, urban-chic retailers including Starbucks; Four Dog Fine Wines and Spirits; Salon Terra, an Aveda Salon; Mauka Frozen Yogurt; Bristlecone Mountain Sports; and Sure Thing Burger. Where Affluence, Activity, and Altitude Meet Basalt is at the geographic center of the Roaring Fork Valley, which is home to some of the Snowy peaks, back country state’s most dynamic growth and year-round cultural and recreational treasures. Willits Town wilderness, and pristine trout Center sits along Highway 82, the region’s sole vehicular route between Glenwood Springs streams provide a stunning and Aspen, and serves an affluent and energetic primary trade area. backdrop and premier playground • More than 35,000 vehicles pass the Center along Highway 82 daily for an exceptional high life. • The renowned luxury resorts of Aspen and Snowmass Village (20 minutes away), and Carbondale and Glenwood Springs comprise the primary trade area • The primary trade area includes approximately 92,000 households Upscale Shopping Grounded in Core Conveniences Willits Town Center delivers on the expectation of convenience and efficiency. In this In its mountain resort setting, community where people live, work, dine, play, shop and stay, design and accessibility define Willits Town Center makes the exceptional. Colorado adventuring easy, • 1,500 parking spaces and is the perfect place to relax, explore, and experience some • Underground residential parking of the state’s unique wonders. • Bus stop access to Roaring Fork Transit Authority (RFTA) Bus Rapid Transit (BRT) • Proximity to 6,178 businesses within 30 miles Eco-Friendly, Modern Hotel Opening in 2015 • Inspired by Starwood’s Westin Hotels & Resorts, Element Hotels are designed to provide Element Hotel attracts a balance for both business and leisure travelers over an extended stay college-educated professionals and travelers aged 30 to 45 years • The Element Hotel at Willits will feature a four-story building with 113 guest rooms that include fully equipped kitchens, spa-inspired bathrooms and Westin heavenly beds who live balanced, active lifestyles. • Element Hotels projects to drive room rates well in excess of Glenwood Springs’ lodging, but still offer consumers a significant discount from the Aspen/Snowmass resort markets in both the summer and winter • Element Hotels’ average occupancy is 83% with an average room rate of $161 a night Visitors Per Where Nature’s Beauty Drives Thriving Tourism Month • The Aspen area’s top feeder markets include Texas, California, Florida, New York and Illinois • The Aspen Airport is the third-busiest in the state, with more than 400,000 annual passengers • The primary trade area’s annual tourism spending exceeded more than $1.5 billion in 2012 • Average visit is five nights, with 88% of tourists staying at least one night 249,119 103,602 204,330 345,898 236,468 146,190 84,630 88,020 185,845 219,296 222,720 122,574 • The trade area’s tourists are very affluent – 75% of visitors have an average household Jan Feb March April May June July Aug Sept Oct Nov Dec income of $100,000+ The Aspen area is a year-round destination with more than 2.2 million annual tourists • Of these visitors, 38% are represented by families with children living at home; 32% are empty nesters, 14% are single without children and 17% are couples without children Longmont 134 Granby Boulder 9 131 40 70 Denver Edwards Vail Silverthorne 24 Eagle 70 Gypsum 6 New Castle Minturn Frisco Glenwood White River Silt 70 Conifer Rifle Springs National Forest Breckenridge 24 Willits Carbondale Bailey Town Center 91 9 Snowmass 285 Leadville Aspen Willits Town Center Basalt, Colorado AREA MAP Willits Town Center Willits Town Center 15-mile Trade Area Shopper Profile: 2013 Trade Area • 2017 Est. Population – 31,697 • Average Household Income – $103,203 Vail 70 Eagle • Average Age – 39.7 years Garfield 15 mile 10 mile • 71% of the trade area’s population are 5 mile “Brand Shoppers”, defined as consumers 70 Willits Town Center who buy well-known brands because they Snowmass provide the best quality for the price Source: Alexander Babbage 2013 Shopper Intercept Study Aspen Pitkin 2013 Average Single-Family Home Prices by County Mesa Eagle: $903,000 Pitkin: $3,700,000 Garfield: $339,990 Mesa: $234,700 Gunnison Gunnison: $325,870 TRADE AREA MAP 23.3 Miles to Glenwood Springs Bow Tie Cinemas El Jebel City Market Bus Stop US Bank WILLITS TOWN CENTER Bank of Colorado Willits Ln 20,000 ADT 82 Willits Bus Stop 82 18.5 Miles to Aspen © 2015-2017 LEGACY Development ABOUT LEGACY DEVELOPMENT LEGACY Development has maintained the same unwavering goal for more than 20 years: To create world-class retail and mixed-use developments. Since 1995 the team at LEGACY has had a hand in creating more than 50 projects with over 31 million square feet of commercial space across 14 states. Today, the company continues to deliver properties that provide a unique customer experience and add value for owners, tenants and the community alike. See more at legacydevelopment.com CONTACT THE LEGACY DEVELOPMENT TEAM: LEGACY Development 4717 Central Street John Liprando Kansas City, Missouri 64112 Executive Vice President of Leasing 816.777.3500 303.475.7988 legacydevelopment.com [email protected] .

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