Belmar Lakewood, (Denver) Colorado Before You Can Have Young Professionals and Families BOULDER, CO Moving Into Downtown, You Need a Downtown
Total Page:16
File Type:pdf, Size:1020Kb
Belmar Belmar Lakewood, (Denver) Colorado Before you can have young professionals and families BOULDER, CO moving into downtown, you need a downtown. For Lakewood, Colorado, that became Belmar. GOLDEN, CO DENVER, CO The award-winning conversion of an obsolete AURORA, CO regional mall is now the core of a growing young community, with 22 city blocks of quality retail, dining, entertainment, housing and office space. With 10 MILES beautiful landscaping and convenient parking, along with special events throughout the year, Belmar not only draws from its own neighborhoods, but from surrounding suburbs – and even nearby Denver. This is more than an open-air center. It’s a community. Belmar Lakewood, (Denver) Colorado • Award-winning conversion of struggling mall into thriving downtown community • 22-block open-air district with retail, dining, entertainment, residences and office space • In heart of rapidly growing residential trade area • Plaza space and landscaping upgrades planned Property Description major roads US Highway 6 and center description Open-air lifestyle center S. Wadsworth Boulevard anchors Best Buy, Century Theatre 16, Dick’s Sporting Goods, DSW, total sf 1,100,000 Hobby Lobby, Nordstrom Rack, Staples, Target, and Whole Foods key tenants Sur La Table, Lucky Strike Lanes, 24-Hour Fitness, Party City, # of stores 100 White House Black Market, Brighton Collectibles, CorePower Yoga, Guess, Loft, P.F. Chang’s China Bistro, Francesca’s Collection, The # of parking 5,200 French Press, and Ted’s Montana Grill THE CENTER THE MARKET STARWOOD Belmar “One of the premier redevelopment projects in the country.” — Former Lakewood Mayor Steve Burkeholder THE CENTER THE MARKET STARWOOD Belmar • Downtown Lakewood – walkable, live- work-play district • Urban experience but with significant convenient parking • Hyatt House Hotel opened March 2016 • Mix of big box, fashion, entertainment and dining The Good Life 10 minutes from Downtown Denver, Home to regular events and a seasonal 45 minutes from Denver International ice skating rink that draws from around Airport the trade area Accessible to 143,000 vehicles on Close to high-end housing in the Interstate 70 and 114,000 cars on US Rocky Mountains Highway 6 On the W Light Rail Line of FasTracks mass transit system THE CENTER THE MARKET STARWOOD Belmar “The iconic development is still expanding and drawing people from across the metro area to live, work and shop.” — Denver Post, May 2014 • Rapidly growing region • Blend of urban, suburban and rural environments • Robust economy, highly educated workforce • Home to major universities, and medical and research facilities Rising Force in the Rocky Mountains Trade area population of 744,600 Nearly 20,000 students enrolled at expected to rise 7% by 2021, almost nearby colleges double US average Economy dominated by government, Belmar is convenient to more than healthcare, energy, engineering and 13,000 daytime employees within 1 mile education and 60,000 employees within 3 miles More than 80 parks and 80 miles of trails THE CENTER THE MARKET STARWOOD Belmar • Diverse market of singles, couples, young families Primary Trade Area and empty nesters Average Household Expenditures on Par with US • Above-average incomes of $86,400 $2,315 on food away from home $1,707 on apparel • Moderate housing costs $878 on personal care products and services $808 on sports and • Acclaimed Jefferson County school district recreation $622 on home furnishings 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 Southwest Plaza 6 Driving – 7 mi, 12 min 114,000 AADT Colorado Mills Streets at SouthGlenn Belmar Cherry Creek Mall Driving – 15 mi, 24 min I-70 121,000 AADT LAKEWOOD West Alameda Avenue 20,000 AADT Legend West Morrison Road 12,000 AADT South Sheridan Blvd Primary Trade Area 53,000 AADT Secondary Trade Area South Wadsworth 57,000 AADT Competition LITTLETON Southwest Plaza Access Roads (AADT= annual average Streets at SouthGlenn daily traffic) Aspen Grove CENTENNIAL CENTENNIAL 3 MILES AIRPORT Park Meadows THE CENTER THE MARKET STARWOOD Belmar Area Attractions 10 mi. I-76 Rocky Mountain foothills 737,008 Lakewood Cultural and CoorsTek (HQ) Heritage Centers I-70 Ball Corporation Red Rocks Amphitheatre MillerCoors Brewing Co (HQ) Lutheran Medical Center Bandimere Speedway Daytime Employees Dinosaur Ridge 5 mi. 73,888 Coors Brewery I-70 222,362 FirstBank Holding Co. (HQ) 3 mi. Colleges Terumo BCT (HQ) Businesses 61,291 21,841 Colorado Christian 6 University St. Anthony Hospital Medical Campus Federal Center 6,374 Red Rocks Community Kaiser Permanente 159,829 383,783 Residential Population 1,169,205 College HomeAdvisor (HQ) Belmar $63,326 Colorado School of Mines Combined enrollment: 17,900 $70,295 Household Income I-25 $83,075 Legend Demographics Key Employers 3 MILES THE CENTER THE MARKET STARWOOD Belmar Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 457,325 287,276 744,601 “Designed to be an ever- 2021 projection 489,056 304,597 793,653 changing project, Belmar was % growth 2016–2021 6.9% 6.0% 6.6% 3.7% on the forefront of a national Population White 77% 91% 82% 71% trend of creating high-density, By Race Black 2% 1% 2% 13% mixed-use development that Asian 3% 2% 3% 5% clustered along transportation Hispanic Ethnicity 33% 10% 24% 18% corridors with an emphasis on Median Age 37 43 39 38 getting around without a car.” % age 15-24 12% 12% 12% 14% — Denver Post, May 2014 % age 25 to 44 32% 23% 29% 26% % age 45 to 64 25% 32% 27% 26% 2006 ULI Award for Households 2016 estimate 199,416 116,387 315,803 Excellence 2021 projection 215,210 124,232 339,442 2016 households with kids under 18 26% 33% 28% 34% Average 2016 estimate $75,418 $105,136 $86,370 $77,135 Lakewood named in Top Household % earning $75,000+ 36% 54% 43% 36% 100 Best Places to Live Income 2021 projection $82,972 $113,547 $94,162 $83,619 — 2015, Liveability Education % college educated 64% 77% 69% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,278 6,374 21,841 73,888 Employment daytime employment 13,375 61,291 222,362 737,008 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Belmar Predominant Market Lifestyle Segments Midlife Success—19% Affluent Empty Nesters—16% • Singles & couples in their 30’s • Upscale couples age 45+ and 40’s with children • Wealthiest of the Younger • College-educated holding Years class executive and professional • College-educated with six- positions figure incomes • Disposable cash with active • Executive and professional lifestyles jobs • Involved in the community • Fans of technology, financial • Indulge in travel, cultural products, and travel events, and exercise equipment Accumulated Wealth—13% Conservative Classics—11% • Families & couples age 50+ • Upper-middle-class age 55+ • Upscale, college-educated • Childless singles and couples baby boomers • College-educated • Sprawling suburban homes • Enjoy comforts of home, • Disposable cash and gardening, reading, and sophisticated tastes entertaining • Enjoy top-of-the-line • Frequent patrons to electronics, sporting museums, the theater, and equipment, cars and casual-dining restaurants vacations THE CENTER THE MARKET STARWOOD Belmar Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer. Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value. We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged. We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people. California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Director, Leasing / 816.838.8321 / Solano Town Center Franklin Park Mall Angela Boots Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bryant Siragusa / National Director, Restaurants & Entertainment / Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Ed Coury / Senior Vice President, Leasing / 312.242.3217 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/05/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Belmar.