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Shops at Riverside.Pdf THE VISION THE VISION THE LUXURY HUB OF BERGEN COUNTY Bergen County is the most populous county in the state of New Jersey and one of its wealthiest. Fourteen of the top Fortune 500 businesses are headquartered or have major facilities in the county including LG Electronics, Becton Dickinson, Stryker, Mercedes-Benz USA, KPMG, CNBC and Samsung Electronics America. With its close proximity to Manhattan, multiple airports including Teterboro, Newark Liberty, Westchester, LaGuardia and JFK, an undeniable international appeal, a diversified population, and of course a lower sales tax than New York, the appeal of The Shops at Riverside is obvious. 6 8 THE VISION A TRANSFORMATIVE REDEVELOPMENT Simon is undertaking a multi-million dollar transformative redevelopment 5+ design 1 of The Shops at Riverside to offer a complete luxury shopping experience that will further establish the landmark property as the luxury hub in Bergen County and the entire region. 5+Design, an L.A. based architecture firm with offices in Dubai, Shanghai and Shenzhen, China, has been commissioned for the project. This award-winning, internationally renowned firm has created some of the world’s most iconic luxury shopping experiences. 2 PROJECTS SHOWN: 1. Linyi City Crossing, Linyi, China 2. Shanghai Expo Axis, China 3. Central Market, Abu Dhabi, UAE 4. Del Amo Fashion Center, Torrance, CA 10 3 4 THE VISION THREE DISTINCTIVE EXPERIENCES The Shops at Riverside will have three unique and distinctive environments under one roof. – Main-Level, Uber-luxury shopping known as The Collection at Riverside – Second-Floor, Lifestyle, Home Furnishings and Contemporary Fashion – Separate and distinct, Dining and Entertainment This unique mix will create one exceptional shopping experience with tremendous appeal to the upscale shoppers who live in close proximity to The Shops at Riverside. 12 WEALTHY SURROUNDINGS WEALTHY SURROUNDINGS Westwood Haworth Demarest Alpine TARGETED Cresskill LUXURY MARKET 208 Luxury, high-net-worth shoppers surround The Shops at Riverside 80 Hackensack Englewood in abundance. In addition to high-end, densely populated Bergen County, Manhattan shoppers attracted by convenience 95 and lower sales tax are just a bridge away. The region is also a hub Clifton for international flights landing at Newark Liberty or private jets at Teterboro Airport which is only 4 miles away. 1 MILE INCOME HOUSEHOLDS % OF TOTAL $100K–$149K 1,305 19.7 $150K–$199K 585 8.9 $200K+ 951 14.4 3 MILES INCOME HOUSEHOLDS % OF TOTAL $100K–$149K 14,920 20.4 $150K–$199K 7,170 9.8 $200K+ 6,997 9.6 5 MILES INCOME HOUSEHOLDS % OF TOTAL $100K–$149K 33,084 19.4 $150K–$199K 16,553 9.7 $200K+ 18,368 10.8 7 MILES INCOME HOUSEHOLDS % OF TOTAL $100K–$149K 68,350 15.8 $150K–$199K 32,461 7.5 $200K+ 36,251 8.4 16 WEALTHY SURROUNDINGS NOTHING Riverside 470,542 Manhasset 302,407 COMPARES Short Hills 185,646 TOTAL Bal Harbour 263,492 POPULATION The high density population of luxury shoppers is incomparable. Neither Manhasset, Short Hills nor Bal Harbour can match the total population, number of households or workplace employees that are Riverside 173,761 within 5 miles of The Shops at Riverside. Manhasset 108,261 Short Hills 66,583 TOTAL Bal Harbour 108,400 HOUSEHOLDS Riverside 252,728 Manhasset 208,915 Short Hills 152,622 WORKPLACE EMPLOYEES Bal Harbour 86,768 Riverside 12,986 Manhasset 16,206 Short Hills 11,640 $200K+ Bal Harbour 5,256 HOUSEHOLDS 18 WEALTHY SURROUNDINGS GARDEN STATE HIGHWAY 17 HAWORTH 5 ALPINE 2 DEMAREST HERE COMES THE 1 NEIGHBORHOOD LOCATION/ZIP AVG HH INC MED HOME PRICE 1 Alpine, NJ $293,674 $864,409 07620 6 CRESSKILL 9W 2 Demarest, NJ $211,259 $734,094 07627 3 TENAFLY THE SHOPS AT RIVERSIDE 3 Tenafly, NJ $204,072 $756,681 07670 HUDSON 4 RIVER 4 Englewood Cliffs, NJ $195,864 $868,705 07632 80 ENGLEWOOD 4 CLIFFS 5 Haworth, NJ $176,559 $696,539 07641 95 6 Cresskill, NJ $152,941 $552,954 07626 17 46 95 N 0 2 20 MILES 95 NE W Y OR NE W J K ERSE Y SLOATSBURG WESLEY HILLS 202 NEW HEMPSTEAD NEW CITY CONGERS NEW SQUARE MONTEBELLO HILLCREST VIOLA HILLBURN KASER SPRING VALLEY VALLEY COTTAGE MONSEY BARDONIA SUFFERN RINGWOOD NANUET 287 AIRMONT WEALTHY SURROUNDINGS NYACK WEST NYACK CHESTNUT RIDGE SOUTH NYACK BLAUVELT UPPER SADDLE RIVER RAMSEY MONTVALE PEARL RIVER ORANGEBURG WANAQUE 17 PIERMONT PARK RIDGE BLOOMINGDALE ALLENDALE SPARKILL OAKLAND SADDLE RIVER WOODCLIFF LAKE DYNAMIC NORTHVALE WALDWICK . OLD TAPPAN Y FRANKLIN LAKES N W DEMOGRAPHICS K DE HILLSDALE P R E ROCKLEIGH POMPTON LAKES T GA A BUTLER T S MIDLAND PARK NORWOOD RIVERDALE HARRINGTON PARK WESTWOOD 935,332 RIDGEWOOD 9W 287 EMERSON — Current residents within the trade area. CLOSTER NORTH HALEDON ALPINE GLEN ROCK HAWORTH HAWTHORNE DEMAREST $114,643 — Average household income within area. PARAMUS DUMONT CRESSKILL PROSPECT PARK ORADELL FAIR LAWN HALEDON NEW MILFORD RIVER EDGE LINCOLN PARK 144,049 BERGENFIELD TENAFLY — Homes earning over $100,000. PATERSON THE SHOPS 80 ELMWOOD PARK AT RIVERSIDE TOTOWA MAYWOOD 7,544 — Homes worth $1 million or more. WOODLAND PARK 4 ENGLEWOOD SINGAC HACKENSACK ENGLEWOOD CLIFTON GARFIELD LODI BOGOTA CLIFFS 60,322 — Homes worth $750,000 or more. HASBROUCK HEIGHTS LEONIA NORTH CALDWELL PASSAIC TETERBORO WALLINGTON RIDGEFIELD PARK FORT LEE PALISADES PARK UPPER MONTCLAIR 95 436,513 MOONACHIE CALDWELL 3 — Daytime Employment within 3 miles: 125,571 BROOKDALE CARLSTADT ROSELAND — Daytime Employment within 5 miles: 252,728 EAST RUTHERFORD EDGEWATER ESSEX FELLS RUTHERFORD RIDGEFIELD FAIRVIEW 95 GLEN RIDGE 286,304 9W 21 280 — College graduates, 35.6% higher than the U.S. average. GUTTENBERG NORTH ARLINGTON WEST NEW YORK SILVER LAKE 913,080 SECAUCUS EAST ORANGE UNION CITY — Daytime population in the trade area. MANHATTAN N EAST NEWARK KEARNY 0 5 Data Source: PopStats Q4 2014 HOBOKEN HARRISON MILES NEWARK 22 SHORT HILLS JERSEY CITY WEALTHY SURROUNDINGS THE SOPHISTICATED SHOPPER The Shops at Riverside enjoys a remarkable visitation frequency and trip expenditure, with 95% of all adults who enter the property spending money. These figures are particularly impressive among shoppers with household incomes of $200K and above. In addition to the residential population, the trade area daytime population swells with the influx of government employees (The Bergen County Courts and Government are located in Hackensack), medical workers (Hackensack University Medical Center, Holy Name Medical Center, Englewood Hospital and all within 5 miles), and college students (Columbia, Saint Peters, NJIT, Rutgers, Seton Hall and more). According to the US Census Bureau, Asian-Americans are the fastest-growing ethnicity in New Jersey. New Jersey’s “Gold Coast” (the stretch of waterfront running along the Hudson River opposite Manhattan) has vibrant Chinese, Japanese and Korean neighborhoods that continue to grow. 24 WEALTHY SURROUNDINGS 95% 80% $409 Percentage of all adults Regularly shop Average amount spent who enter the property luxury stores per visit at the property and spend money 3.5 Number of times the average shopper visits 20% 82min the property per month Percentage of shoppers Average amount of time who have household spent at the property income of $200,000 spending a total of $409 or more per visit $1,431.50 Monthly average spent by shopper 26 THE COLLECTION AT RIVERSIDE THE COLLECTION AT RIVERSIDE MERCHANDISING IN DISCUSSION IN DISCUSSION PLAN IN DISCUSSION IN DISCUSSION MASTER PLAN IN DISCUSSION IN DISCUSSION IN DISCUSSION IN DISCUSSION IN DISCUSSION 38 IN DISCUSSION IN DISCUSSION IN DISCUSSION THE FOUNTAIN SPA SECURITY ST VE ENTRY LOBBY RENOVATED RESTROOMS PROPOSED ELEVATOR RENOVATE: - REMOVE/RELOCATE 2ND LEVEL ESCALATORS - REMOVE/RELOCATE ELEVATOR MANAGEMENT OFFICE * CONFERENCE BROOKS BROTHERS L CENTER WOMEN* * I NEW LOUNGE/RECEPTION ROOM: - ENHANCE RESTROOMS CHANE ZILL SEPHORA - COAT & BAG CHECK MONCLER DIOR - CAFE/ ESPRESSO TORY BURCH SAINT LAURENT MARC JACOBS BROOKS BROTHERS* SEATING OPEN CAFE L'AMOUR PROPOSED ELEVATOR * MCM O LOUIS L.K. VUITTON* CARTIER CHO JIMMY VILLER OY BURBERRY* BENNETT & BOCH MONTBLANC OMEGA* CHRISTIAN SALVATORE LOUBOUTIN S FERRAGAMO* A CELINE A HERMES* & ARPEL VAN CLEEF FENDI BRUNELLO CUCINELLI L'OCCITANE LORO PIAN PANERAI ZEGN LA PERLA ERMENEGILDO * TOD’S SUNGLASS HUT BOTTEGA ROLEX* TIFFANY & CO. VENETA HARRY TTERY TUMI BARN KIDS WINSTON PO MR CU . PC AK NEW 2-LEVEL E ESCALATOR LUXURY CONCOURSE PATIO SEATING 2-LEVEL SPACES L TASKALI POTENTIAL OPEN TO BELOW 2-LEVEL SPACE POTENTIAL POTTER 2-LEVEL SPACE BARN K PROPOSED SKYLIGHT OPEN TO OPEN TO BELOW EXISTING SKYLIGHTS BELOW POTENTIAL VOID TEAVANA 2-LEVEL SPACE * EXISTING RETAILERS SECOND LEVEL LUXURY LUXURY CONCOURSE THE COLLECTION AT RIVERSIDE TAKING LUXURY TO THE NEXT LEVEL At the heart of the transformation will be The Collection at Riverside. Uniquely designed to feature the world’s best brands and cater to the discriminating luxury consumer, this new exclusive shopping experience will take luxury to the next level. Concierge Service – Exclusive services to attend to every guest’s needs – Package Delivery – Personal Shopping – A concierge lounge with opulent seating – Exclusive valet parking Stunning Aesthetics – Spectacular Porte-Cochere entry – All-new elliptical-style concourse – Soaring 15-18-foot storefronts – Dramatic 25-foot glass skylights – Natural stone flooring Shopping Experience – Enhanced and upgraded parking garages – New exterior landscaping and lighting – Expanded parking with direct main floor access 36 UNPRECEDENTED OPPORTUNITY The Shops at Riverside presents a unique opportunity for your brand. Please contact the following leasing professionals for more information: Vicki Hanor (212) 745-9633 [email protected] Eric Sadi (212) 745-9602 [email protected] Meghann Martindale (212) 745-9611 [email protected] .
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