Retail Prospectus Downtown Windsor
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RETAIL PROSPECTUS DOWNTOWN WINDSOR WWW.DOWNTOWNWINDSOR.CA RETAIL PROSPECTUS • DOWNTOWN WINDSOR DOWNTOWN WINDSOR TODAY Downtown Windsor is the economic and cultural hub of the region and offers prime investment opportunities in the heart of the city. Beautifully situated on the banks of the Detroit River, downtown Windsor has undergone major transformations in the past 10 years including the addition of a world class, 5,000-seater entertainment auditorium and a 27-story hotel tower at Caesars Windsor; five new post-secondary campuses; Adventure Bay Water Park; the International Aquatic and Training Centre; the new Riverfront Festival Plaza and over $1 billion in infrastructure improvement and development projects. At the heart of Downtown Windsor’s long term success is its ability to offer residents, employees and visitors an exciting, unique and welcoming environment, shopping, dining and entertainment experience. Far more than a central business district, Downtown Windsor is home to the largest casino resort in Canada; the Art Gallery of Windsor; The Capitol Theatre; the Chrysler Theatre, the Windsor Symphony Orchestra, the Windsor Community Museum; and more than 95 restaurants in a 2 mile radius. Our landmark mixed-use developments boast high quality architecture and design that integrate the very best retail, services, restaurants and accommodations. Our dynamic tenant mix includes the following anchors: • WINDSOR STARTS HERE • RETAIL PROSPECTUS • DOWNTOWN WINDSOR A REGIONAL ATTRACTION Strategically located on the banks of the Detroit River, Downtown Windsor is the gateway to the City, the region and the Province of Ontario. For many, it’s their first impression of Canada, and as such we take great pride in putting our best foot forward. Downtown Windsor attracts millions of visitors annually, and is conveniently located just minutes from the Windsor-Detroit tunnel, providing easy access to shoppers from Detroit, Windsor, and the neighbouring communities of Tecumseh, Lakeshore, LaSalle, Amherstburg and Essex and Kent counties. This iconic mixed-use built environment features a mixture of modern accents and revitalized heritage properties, and is currently experiencing resurgence as a result of post- secondary educational institutions expanding their campuses into the city centre. 4 Site Selection magazine ranked Windsor in the top five for “Best to Invest”. 4 Reader’s Digest Canada ranked the city 5th out of 42 cities for “Best Canadian Cities to Raise a Family”. 4 Windsor was ranked in the top seven for most intelligent communities in the world by Intelligent Community forum of New York. 4 In 2013, Windsor-Essex County was awarded second place for Best Foreign Direct Investment Strategy for Small American Cities of the Future in 2013-2014. WINDSOR-ESSEX DRAWS OVER 3.5 MILLION VISITORS ANNUALLY WITH A COMBINED SPENDING IN EXCESS OF $470 MILLION • WINDSOR STARTS HERE • RETAIL PROSPECTUS • DOWNTOWN WINDSOR A CLOSER LOOK DEMOGRAPHICS Some of the largest employers in Windsor-Essex region include Fiat Chrysler; Ford Motor Company; Caesars Windsor; Sutherland Group Canada; AP Plasman Corporation (Build A Mold); Valiant Machine & Tool; Anchor Danly; VistaPrint; Windsor Regional Hospital; Hotel-Dieu Grace Healthcare; the University of Windsor; St. Clair College; the Greater Essex County District School Board; the Windsor Essex Catholic School Board; the City of Windsor; and the Canada Border Services Agency. 5 km 10 km 15 km 20 km Population 96,318 212,372 262,292 276,694 Families 24,345 57,826 72,494 76,849 Private Dwellings 50,043 96,778 114,954 120,280 Average Age 39.7 40.1 40.1 40.2 Median Age 38.9 40.2 40.5 40.6 Dominant Age Group 20 to 24 years 45 to 49 years 45 to 49 years 45 to 49 years NUMBERS SAY IT ALL MEDIAN PREMIER DINING DESTINATION WITH 95 RESTAURANTS IN .5 KM RADIUS HOUSEHOLD 2,000 POST SECONDARY STUDENTS INCOME STUDY IN DOWNTOWN WINDSOR $174 MILLION IN COMMERCIAL AND CONFERENCE FACILITIES AND TRANSPORTATION INFRASTRUCTURE AND IMPROVEMENTS $70,560 485 NEW DWELLINGS BUILT DOWNTOWN BETWEEN 2006 - 2011 $1.96 MILLION IN RESIDENTIAL CONSTRUCTION BETWEEN 2005 - 2013 INTERNATIONAL AIRPOT CARGO HUB 2014 EMERGING TECH HUB 7,000 SQ. FT. BUSINESS ACCELERATOR AND 9 IT Companies • WINDSOR STARTS HERE • RETAIL PROSPECTUS • DOWNTOWN WINDSOR KNOWLEDGE BASED ECONOMY Ranked as one of the world’s Top 7 Intelligent Communities by the Intelligent Community Forum, Windsor is fast becoming a knowledge-based economy. The recent influx of post-secondary campuses to the downtown demonstrates that the city is emerging as an education destination. The post-secondary cluster of college and university campuses embraces a new era that recognizes downtown Windsor as a centre of creativity, innovation and entrepreneurship. St. Clair College has repurposed two downtown properties that house two campuses: • St. Clair Centre for the Arts ― a campus for students studying Media, Art and Design and Hospitality. • St. MediaPlex Campus ― a 16,000 sq. ft. state-of-the-art facility dedicated to the education of Journalism, Media Convergence and Public Relations. Excitement is building as the University of Windsor moves downtown, renovates and expands heritage buildings and public space to create exciting learning environments. The campuses include: • The School for Arts & Creative Innovation • The School of Social Work and the Centre for Professional and Executive Education • The Film Production Program • Chatham Street Parkette will be recreated as an outdoor performance and gathering space for student and community use. • WINDSOR STARTS HERE • RETAIL PROSPECTUS • DOWNTOWN WINDSOR QUALITY OF LIFE Windsor is Canada’s southernmost city, bounded by Lake Erie, the Detroit River and Lake St. Clair. We share a moderate climate and latitude equivalent to Barcelona, Rome, Beijing and Northern California. Located at the western end of the Quebec City-Windsor Corridor, the city connects some of Canada’s largest metropolises together, as well as Michigan and the Midwest. A holistic, safe and sustainable city centre, Windsor is the fifth largest cultural diverse city in Canada, and has presented several international events including the Red Bull Air Races in 2008, and 2009; the Rotary International Peace Summit in 2008; and the International Childrens’ Games in 2013. Downtown Windsor boasts many jewels - one of which is its spectacular, uninterrupted 5km of waterfront. The riverfront is home to miles of walking paths, spectacular views and extraordinary water features as well one of the world’s most unique outdoor sculpture gardens. Described as a “museum without walls”, the Odette Sculpture Parks is a showcase of more than 34 works of contemporary sculpture. An important space for rest, relaxation and recreation is Dieppe Garden which also offers some of the best views of the Detroit skyline and luxurious green space. Riverfront Festival Plaza features a 10,000 sq. ft. waterfront park, entertainment venue and gathering space and plays host to a range of world-class festivals and events. • WINDSOR STARTS HERE • RETAIL PROSPECTUS • DOWNTOWN WINDSOR The Downtown has become a focal point for investments in arts and culture, and today houses the Art Gallery of Windsor; the St. Clair Centre for the Arts; the Windsor Community Museum; the Chrysler Theatre; The Capitol Theatre; the Windsor Symphony Orchestra; Artcite; one ten park: a working space; Rogues Gallery; Dr. Disc; and Broken City Lab. There are 900+ artists and 3,900 cultural workers employed in Windsor-Essex County. Downtown Windsor boasts Ontario’s most affordable housing markets with the average home purchased at less than half of the price of an average home in nearby Toronto. Housing choices range from luxury condos and affordable apartments to historic homes and rentals. With over 95 restaurants in a .5 km radius, downtown Windsor offers a gamut of cultural diverse restaurants and eateries. From urban chic to Pan-Asian, from casual, comfort to Mediterranean and European cuisine, the city centre offers truly sensational gastronomic experiences. The city centre is also home to over 80 retailers including Shoppers Drug Mart; Rexall; Hi Neighbour Floor Covering; The Beer Store; LCBO; Shanfields-Meyer’s Jewellery & China Shop; BB Branded; La Casa Del Habano; Casa Chavela, G&G Jewellery & Coins; Full Circle Vintage; Lou Miles Disegnatore; and Beyond the Wood Bar Store and Flair Studio. Downtown Windsor is the place to be – exciting, fun, and close to all the action! • WINDSOR STARTS HERE • RETAIL PROSPECTUS • DOWNTOWN WINDSOR TOURISM ATTRACTION Downtown Windsor is located just 15 minutes the Windsor International Airport and The Rt. Hon. Herb Gray Parkway, con- necting Highway 401 to southwestern Ontario. The city centre is also only 7 minutes from VIA Rail Station and is within easy walking distance of the International Bus Terminal. We boast 1,925 guest rooms in the city centre as well as over 4,000 guest rooms region-wide, ranging from economical to highly rated four-diamond properties All of our downtown properties are within walking distance to the city centre’s dining, theatre and entertainment venues. In addition to outstanding meeting facilities, Windsor offers superb shopping and entertainment establishments, many delicious culinary choices, a variety of attractions, breathtaking waterfront parks and gardens, and fascinating historical landmarks. We were once an important stop on the Underground Railroad, and an important centre for whiskey production, and as a result we were a major smuggling port during the Prohibition. A crucial international gateway located in the city centre, the Windsor-Detroit Tunnel is an underwater highway tunnel connecting Detroit, Michigan in the United States, with Windsor, Ontario in Canada. Over 13,000 vehicles pass through the tunnel every day entering downtown Windsor. The city centre offers an abundance of opportunities to escape the ordinary! Our myriad of festivals includes Balloona- palooza, Bluesfest International, Bookfest Windsor, Carrousel by the River, Media City Film Festival, Summerfest, Windsor International Film Festival, Windsor Rib Fest, Windsor-Essex Pride Fest and Winter Fest, to name but a few.