Belmar Lakewood, (Denver) Colorado Lakewood’S Downtown BOULDER, CO
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Belmar Belmar Lakewood, (Denver) Colorado Lakewood’s downtown BOULDER, CO 22 city blocks of dining, entertainment, retail, housing and office GOLDEN, CO Beautiful landscaping, ample parking DENVER, CO and conveniently located AURORA, CO A powerhouse draw from across Denver’s west metro 10 MILES Belmar Lakewood, (Denver) Colorado Unparalleled tenant mix that includes health/wellness, movies and restaurants/bars In heart of rapidly growing residential trade area Expansive trade area of 1.2M people Property Description major roads US Highway 6 and center description Open-air mixed-use lifestyle center S. Wadsworth Boulevard anchors Best Buy, Century 16 Theatre, Dick’s Sporting Goods, DSW, total sf 1,140,600 Hobby Lobby, Nordstrom Rack, Staples, Target, and Whole Foods key tenants Sur La Table, 24-Hour Fitness, Party City, White House Black Market, # of stores 100 Brighton Collectibles, CorePower Yoga, Guess, Loft, P.F. Chang’s China Bistro, Francesca’s, The French Press, and Ted’s Montana Grill # of parking 5,200 THE CENTER THE MARKET STARWOOD Belmar “One of the premier redevelopment projects in the country.” — Former Lakewood Mayor Steve Burkholder THE CENTER THE MARKET STARWOOD Belmar Downtown Lakewood—walkable, live- work-play district Urban experience with ample, convenient parking A Hyatt House Hotel Mix of big box, boutique and national fashion retailers, entertainment and dining The Good Life 12 minutes from downtown Denver Close to high-end homes in the Rocky Mountains Easily accessible to 257,000 vehicles daily on nearby roads Near metro light rail system THE CENTER THE MARKET STARWOOD Belmar TARGET THE CENTER THE MARKET STARWOOD Belmar 59,000 daytime employees within 3 miles; 227,000 within 5 miles Rapidly growing region Robust economy, highly educated workforce Home to the largest collection of federal agencies outside Washington D.C. Rising Force in the Rocky Mountains Trade area population of 1.2M, growing Diverse market of singles, couples, at twice the national rate young families and empty nesters Nearly 20,000 students enrolled at Economy dominated by healthcare, nearby colleges energy, engineering and government THE CENTER THE MARKET STARWOOD Belmar Flatiron Crossing BROOMFIELD ROCKY MOUNTAIN METRO AIRPORT Distance to Competition Aspen Grove Driving – 13 mi, 20 min THORNTON Cherry Creek Mall Driving – 7 mi, 16 min WESTMINSTER DENVER INT’L 38 MILES AIRPORT Colorado Mills Driving – 7 mi, 9 min ARVADA Flatiron Crossing Driving – 18 mi, 30 min I-70 Park Meadows WHEAT RIDGE 143,000 AADT Driving – 18 mi, 26 min GOLDEN DENVER 6 Southwest Plaza Colorado Mills 114,000 AADT Driving – 7 mi, 12 min Belmar Cherry Creek Mall Streets at SouthGlenn I-70 Driving – 15 mi, 24 min 121,000 AADT LAKEWOOD West Alameda Avenue 20,000 AADT West Morrison Road 12,000 AADT South Sheridan Blvd 53,000 AADT Legend Primary Trade Area South Wadsworth Secondary Trade Area 57,000 AADT LITTLETON Competition Southwest Plaza Access Roads Streets at SouthGlenn (AADT= annual average Aspen Grove daily traffic) CENTENNIAL CENTENNIAL 3 MILES AIRPORT Park Meadows THE CENTER THE MARKET STARWOOD Belmar Area Attractions ARVADA I-76 Rocky Mountain foothills Lakewood Cultural and CoorsTek (HQ) Heritage Centers I-70 Ball Corporation Red Rocks Amphitheatre WHEAT RIDGE MillerCoors Brewing Co (HQ) Lutheran Medical Center Bandimere Speedway Dinosaur Ridge GOLDEN Colorado School of Mines Coors Brewery FirstBank Holding Co. (HQ) DENVER Terumo BCT (HQ) Colleges Red Rocks Colorado Christian Community College Federal Center 6 Colorado Christian University University St. Anthony Hospital Red Rocks Community Medical Campus Belmar College HomeAdvisor (HQ) Kaiser Permanente I-70 LAKEWOOD Colorado School of Mines I-25 Combined enrollment: 20,000 Legend Primary Trade Area Secondary Trade Area Lockheed Martin Colleges (Littleton) Key Employers 3 MILES LITTLETON THE CENTER THE MARKET STARWOOD Belmar Demographics PTA1 STA2 TTA3 US Avg Population 2018 estimate 432,837 766,881 1,199,718 Median home value of 2023 projection 462,651 819,505 1,282,156 $341,000 % growth 2018–2023 6.9% 6.9% 6.9% 3.5% Population White 75% 83% 80% 70% Trade area growing at By Race Black 2% 3% 2% 13% twice the national rate Asian 3% 3% 3% 6% Two-thirds of employed Hispanic Ethnicity 35% 22% 27% 18% residents hold white collar Median Age 37 37 37 38 positions % age 15-24 12% 12% 12% 14% % age 25 to 44 32% 31% 31% 26% Average trade area income % age 45 to 64 24% 26% 25% 26% is 12% greater than US Households 2018 estimate 180,088 328,717 508,805 2023 projection 193,978 353,891 547,869 2018 households with kids under 18 29% 28% 28% 34% Average 2018 estimate $85,542 $102,855 $96,727 $86,278 Household % earning $75,000+ 41% 50% 46% 40% Income 2023 projection $96,474 $115,536 $108,787 $95,107 Education % college educated 61% 71% 68% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,221 6,202 22,182 73,561 Employment daytime employment 12,076 58,562 226,520 725,611 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Belmar Starwood Retail Partners 5th largest manager of regional malls in the US 30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs 100 million+ combined annual visits $84,600 trade area average household income California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion The Shops at Willow Bend Rene Daniels / Director, Leasing / 818.254.5722 / Blue Back Square Michigan Virginia [email protected] Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park / Director, Big Box Leasing & Development / Westland Mall Bill Cikalo Montana Washington 312.283.5121 / [email protected] Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall Nebraska Bryant Siragusa / Vice President, National Restaurant and Gateway Mall Entertainment Leasing / 214.771.2003 / [email protected] Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 05/16/18 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Belmar.