The Gardens on El Paseo 73-545 El Paseo, Palm Desert, California 92260
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PALM DESERT — CALIFORNIA THE GARDENS ON EL PASEO 73-545 EL PASEO, PALM DESERT, CALIFORNIA 92260 UPSCALE SELECT LIFESTYLE CENTER TENANTS — — Anchored by Saks Fifth Avenue – the only upscale department store within 90 miles – the Gardens on El Paseo is the upscale lifestyle center in the Coachella Valley. The center’s affluent shopper base includes local and seasonal residents, and tourists. UNIQUE-TO- MARKET RETAILERS — Ann Taylor, Anthropologie, Brooks Brothers, Eileen Fisher, J. Jill, Johnny Was, Louis Vuitton, Pottery Barn, Sephora, Tiffany & Co., Tommy Bahama Restaurant and Shop and Williams Sonoma. LOCATION LUXURIOUS LIVING — — Located six miles south of I-10, and one block from The trade area extends 20 miles north to Desert Hwy. 111, the Gardens on El Paseo is easily accessible Hot Springs, 15 miles west to Mount San Jacinto, and from all areas of the market. It is situated next to roughly 24 miles southeast to the Salton Sea. the popular Hotel Paseo with 150 rooms, pool and spa, and the C3 Restaurant and Bar. The hotel’s The city of Palm Desert is home to some of the nation’s 3,200 FT² ballroom and 2,000 FT² event lawn draw most luxurious golf and resort communities, including significant crowds. Coachella Valley’s most upscale Big Horn, Indian Ridge and Iron Wood. cities – Indian Wells, La Quinta, Palm Desert and Rancho Mirage – surround the center. 2019 TRADE AREA DEMOGRAPHICS (SOURCES: CLARITAS, TETRAD, ENVIRONICS, ESRI) ll rights reserved. A TOURISM Population _______________________ 449,405 Households _______________________ 167,758 and its licensors are Population Growth Rate 2019-2024 ____ 5.70% RI — S Daytime Population _______________ 455,449 E Between November and May, Coachella Valley’s and its licensors. —— RI S population grows more than 37% due to the influx ANCHORS E of seasonal residents. The population growth of Saks Fifth Avenue, Apple, the surrounding affluent communities is even Louis Vuitton, Tiffany & Co. more substantial. —— MALL TENANT SPACE Domestic visitors stay an average of 4.8 nights 186,000 FT² at the many lavish resorts. —— GROSS LEASABLE AREA 2019. opyright © February C 236,000 FT² Coachella Valley welcomes more than 13.6 million —— visitors annually that have an economic impact of WEBSITE $5.5 billion. Biggest draws include cultural, dining and www.thegardensonelpaseo.com wellness in a mountainous scenery. Portions of this document include intellectual property Portions used under license. Disclaimer: Although Taubman makes reasonable efforts to ensure the information contained herein is accurate, Taubman makes no representations, warranties or guarantees, whether express or implied, that the information is complete, accurate or up to date. Parties should rely solely on their own independent investigation in determining whether to enter into a lease transaction. TAUBMAN CORPORatE HEADQuaRTERS NEW YORK CITY OFFICE TAUBMAN ASIA — — — 200 East Long Lake Road 712 Fifth Avenue, Suite 6311, 63rd Floor Suite 300 38th Floor One Island East, Taikoo Place Bloomfield Hills, Michigan New York, New York 18 Westlands Road 48304-2324 10019 Quarry Bay, Hong Kong T 248.258.6800 T 212.541.6400 T +852.3607.1333 www.taubman.com www.taubman.com www.taubmanasia.com 190719.