ALDERWOOD Lynnwood, Washington North Seattle TABLE OF CONTENTS
03 PROPERTY OVERVIEW
04 MARKET DEMOGRAPICS
06 TRADE AREA DEMOGRAPHICS
08 OUR SHOPPER
FEATURED RETAILERS & 09 DINING OPTIONS
10 ARE A GROW TH
11 SITE PLANS & RENDERINGS
19 ABOUT & CONTACT 3 PROPERTY OVERVIEW ALDERWOOD
North Seattle’s Destination of Choice
Alderwood is a unique shopping center in the northern suburbs of Seattle. This accessible, super-regional destination is situated at the intersection of highways I-5 and I-405—the two most heavily traveled freeways in the state. Alderwood is ideally located in the fastest- growing part of the Seattle trade area, with primary drivers being close proximity to the popular Northshore School District and the new light rail station opening in 2024.
At Alderwood, affluent suburban shoppers enjoy a strong merchandise mix of more than 160 retail, entertainment, and dining options that span over 1.3 million square feet. Large interior and exterior fireplaces welcome visitors to The Terraces, a garden-like environment complete with restaurants and a 16-screen, state-of-the-art AMC Theatres. 4 MARKET DEMOGRAPHICS ALDERWOOD
A premier West “Seattle remains a frontier Coast market metropolis, a place where people can experiment with their lives, Seattle is the largest city in the Pacific Northwest and is one of the fastest-growing major cities in the country due to job growth in key industry sectors such as information technology, clean energy, manufacturing, food and beverage, healthcare, and maritime. and change and grow and make
DEMOGRAPHIC COMPARISON BY MARKET things happen.”
SAN BASE COUNTS SEATTLE DENVER FRANCISCO DENVER -TOM ROBBINS, NOVELIST POPULATION 3,888,235 2,928,292 4,688,123 2,484,269
5-YEAR PROJECTED GROWTH 7.7% 8.4% 4.8% 7.1%
HOUSEHOLDS 1,517,728 1,146,523 1,748,257 955,447
AFFLUENCE & EDUCATION
% OF HOUSEHOLDS EARNING $100,000+ 39.1% 34.3% 46.2% 32.3%
AVERAGE HHI $107,274 $98,830 $128,699 $92,183
% POPULATION 25+ WITH BACHELOR’S 43.0% 43.0% 48.0% 39.0% DEGREE OR HIGHER
Sources: 2018 ESRI 5 MARKET DEMOGRAPHICS ALDERWOOD
Embracing surrounding businesses
Alderwood serves a thriving business community within key growth sectors.
TECHNOLOGY MEDIA RETAIL
AMAZON GETTY IMAGES COSTCO WHOLESALE
EXPEDIA GROUP HULU EDDIE BAUER
GOOGLE SNAP INC. NORDSTROM
MICROSOFT SUR LA TABLE
NINTENDO OF AMERICA TOMMY BAHAMA
MANUFACTURING FOOD/BEVERAGE EDUCATION
BOEING STARBUCKS SE AT TLE UNIVER SIT Y
HONEYWELL AEROSPACE TOM DOUGLAS RESTAURANTS UNIVERSITY OF PUGET SOUND
PACCAR, INC. TRIDENT SEAFOODS UNIVERSITY OF WASHINGTON
PHILIPS HEALTHCARE
SPACEX 6 TRADE AREA DEMOGRAPHICS ALDERWOOD ALDERWOOD
SEATTLE PREMIUM OUTLETS Superior access gives Alderwood TRADE AREA
a competitive PUGET SOUND advantage 4055 I-5: 167,580 AADT
EVERETT MALL
With its location at the intersection of I-5 and 2 I-405, Alderwood is perfectly positioned to draw area residents.
Estimated average daily vehicle traffic at the ALDERWOOD intersection is 167,580 on I-5 and 131,000 on I-405.
405405 I-405: 131,000 AADT
THE VILLAGE AT TOTEM LAKE
REDMOND TOWN CENTER UNIVERSITY VILLAGE
SEATTLE BELLEVUE Sources: 2018 ESRI BELLEVUE SQUARE THE SHOPS AT THE BRAVEN PACIFIC PLACE 7 TRADE AREA DEMOGRAPHICS ALDERWOOD
Serving a rapidly growing, affluent trade area
ALDERWOOD TRADE AREA RESIDENT DEMOGRAPHICS
BASE COUNTS
POPULATION 957,202
5-YEAR PROJECTED GROWTH 7.55%
HOUSEHOLDS 363,846
AFFLUENCE & EDUCATION
% OF TOTAL HOUSEHOLDS EARNING $75,000+ 54.8%
% OF TOTAL HOUSEHOLDS EARNING $100,000+ 40.0%
AVERAGE HHI $104,918
AVERAGE HH NET WORTH $931,045
% OF POPULATION 25+ WITH BACHELOR’S DEGREE OR HIGHER 40%
CONSUMER AGE BREAKDOWN
UNDER 18 22%
18-34 23%
35-49 21%
50-69 26%
70+ 9%
ALDERWOOD DAYTIME POPULATION 3 MILES 5 MILES
TOTAL EMPLOYEES 56,833 140,520
% WHITE COLLAR 64.4% 61.7%
% EXECUTIVE & PROFESSIONAL 42.4% 40.0%
2018 ESRI 8 OUR SHOPPER ALDERWOOD
Accessible to North Seattle’s ideal shopper
NETWORKED NEIGHBORS EXECUTIVE SUITES Highly educated, professional families, Prosperous and active professionals with Networked Neighbors earn the highest an above-average understanding and annual income of all customer segments. need for technology, Executive Suites These families are the epitome of wealth, are upscale, middle-aged families. These maintaining million-dollar homes, enjoying households appreciate cultural events frequent vacations, and often shopping such as theater, film, books, fine dining, and dining at their area mall. and local events.
TRADE AREA HOUSEHOLDS: 4% TRADE AREA HOUSEHOLDS: 6.3%
WINNER’S CIRCLE MIDDLEBURG MANAGERS Living within new-money subdivisions, Educated, middle-class families with white- Winner’s Circle families are young, collar jobs, Middleburg Managers spend affluent, and professional. These their time enjoying life with activities such households indulge themselves in as reading and hiking. Despite an upscale expressions of newfound wealth— income, this group tends to be thrifty traveling, dining out, and wearing the with their spending, while still indulging in latest trends. shopping and dining at their area mall.
TRADE AREA HOUSEHOLDS: 6.3% TRADE AREA HOUSEHOLDS: 7.7%
Source: Neilsen PRIZM 9 FEATURED RETAILERS & DINING OPTIONS ALDERWOOD
In good company
Be among more than 160 retailers whose offerings feature a curated selection of fashion, restaurants, and entertainment. 10 ALDERWOOD 36TH ST. 36TH
LARCH WAYLARCH 405405 I-405: 131,000 AADT Perfectly positioned 186TH ST. Alderwood benefits from an unrivaled location within an LYNNWOOD 3 LYNNWOOD PLACE, expansive area that’s experiencing explosive growth. HOME DEPOT, AND COSTCO WHOLESALE 40TH ST 40TH 48TH ST. 48TH
1 Alderwood Mixed-Use Redevelopment 2 Cosmos Development Project 44TH ST. 44TH 33RD AVE. 33RD 1 ALDERWOOD
2 COSMOS This new addition to Alderwood will include This new mixed-use development is directly east DEVELOPMENT 100,000 square feet of retail and restaurant of Alderwood and comprises over 330 residential PROJECT space and over 350 residential units. The units and commercial space. The development is 24TH AVE. 24TH redevelopment is set to open in 2021. set to open in 2024.
194TH ST.
Lynnwood Place, Home Depot, and ALDERWOOD MALL BLVD 3 4 Lynnwood City Center Link Extension Costco Wholesale
200TH ST.
4055 I-5: 167,580 AADT DAMSON RD. DAMSON 204TH ST. This new mixed-use development is located This new transit option will provide area adjacent to Alderwood and will provide the area residents with a 28-minute commute to with a Home Depot, Costco Wholesale, and over downtown when it opens in 2024. Projected 500 residential units. The development is set to ridership is between 47,000 and 55,000 by 2026. 4 LYNNWOOD CITY CENTER open in 2021. LINK EXTENSION
212TH ST. 48TH ST. 48TH 44TH ST. 44TH ALDERWOOD MANOR 11 SITE PLANS & RENDERINGS ALDERWOOD
SITE PLAN 12 SITE PLANS & RENDERINGS ALDERWOOD
SITE PLAN 13 SITE PLANS & RENDERINGS ALDERWOOD
ALDERWOOD RESIDENTIAL TOWERS + NEW ENTRANCE CONCEPTUAL RENDERING 14 SITE PLANS & RENDERINGS ALDERWOOD
ALDERWOOD RESIDENTIAL TOWERS + RETAIL SPACE CONCEPTUAL RENDERING 15 SITE PLANS & RENDERINGS ALDERWOOD
ALDERWOOD RESIDENTIAL TOWERS + RETAIL SPACE CONCEPTUAL RENDERING 16 SITE PLANS & RENDERINGS ALDERWOOD
ALDERWOOD REDEVELOPMENT NEW ENTRANCE CONCEPTUAL RENDERING 17 SITE PLANS & RENDERINGS ALDERWOOD
ALDERWOOD RESIDENTIAL TOWERS FROM SOUTHEAST CORNER CONCEPTUAL RENDERING 18 SITE PLANS & RENDERINGS ALDERWOOD
ALDERWOOD RESIDENTIAL TOWERS SOUTH VIEW CONCEPTUAL RENDERING 19 ABOUT US & CONTACT ALDERWOOD
About us
We operate best-in-class properties that provide an engaging environment and experience for our communities, retailers, employees, consumers, and stakeholders. Our cutting-edge approach is reimagining the expected shopper experience through innovation, strategic thinking, community partnerships, advanced sustainability initiatives, and unparalleled activations. We have transformed our centers into destinations for the next generation of consumers—creating a new era of retail.
Our expansive portfolio comprises more than 170 locations across 43 states and represents over 146 million square feet of retail space—ranking us among the largest retail real estate companies in the United States. Our gathering places are paradigms of modern luxury and accessibility—10,000 nationally renowned tenants allow us to unite high-profile retailers with eclectic culinary and cultural concepts in inspiring, contemporary settings. We’re here to help brands enhance awareness, launch flagship locations, generate greater consumer engagement, and much more.
Brookfield Properties’ retail group is headquartered in Chicago and owned by affiliates of Brookfield Asset Management.
RETAIL LEASING KEEP IN TOUCH Jennifer Seversen | Senior Director, Leasing Facebook [email protected] @BrookfieldPropertiesRetail 206.390.1498 Twitter @Brkfldproprtl EAT / DRINK LEASING Julian Soto | Senior Representative, LinkedIn Restaurant Leasing Brookfield Properties [email protected] 312.960.2895 Instagram @BrookfieldPropertiesRetail @brookfieldproperties.eatdrink BIG BOX LEASING @brookfieldproperties.popup Scott Jensen | Vice President, Leasing [email protected] 312.960.2694
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