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LOUISVILLE Cushman & Wakefield Global Cities Retail Guide LOUISVILLE Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Louisville | 2019 0 Home to the Kentucky Derby, the Louisville Slugger baseball bat and the starting point of Kentucky's Bourbon Trail, Louisville's dedication to tourism has never been more evident. Louisville is also located within a day's drive of two thirds of the U.S. population and benefits from two world class convention centers. Frequently found on national lists as a great destination for a variety of reasons and interests, it's easy to see that Louisville loves tourists and that tourists love Louisville. Situated on the shores of the Ohio River and boasting more than 120 public parks (18 of which were designed by renowned landscape architect, Frederick Law Olmsted), Louisville has the big city benefits with a whole lot of small town appeal. Employers large and small have found Louisville to be very business friendly. Throughout the city you will find plenty of start-ups amongst the international headquarters of Humana, Yum! Brands, CaféPress, Brown Forman, Texas Roadhouse and others. Strong local employment numbers and brisk tourist traffic fuel the demand for both retail products/services and food/beverage sector options. Louisville is leading the nation's farm to table restaurant movement and produces LOUISVILLE one third of the world's bourbon. This combination continues to inspire an eclectic variety of restaurants and OVERVIEW breweries throughout the city, appealing to residents and tourists alike. Cushman & Wakefield | Louisville | 2019 1 LOUISVILLE KEY RETAIL STREETS & AREAS DIXIE HIGHWAY SOUTHERN INDIANA Dixie Highway is the major retail corridor in the southern The Southern Indiana retail trade area has grown part of the Louisville and Jefferson County. While this area substantially over the past few years. Historically, the has a greater density of auto dealerships than any other in small towns that populate the area just across the Ohio the city, there are also plenty of retail and restaurant River from Louisville have crossed the bridge to spend options in this trade area. With Fort Knox Army Base to their retail dollars. More and more this is changing as both the far south, the Dixie Highway retail corridor benefits retail and restaurant options continue to succeed in this from extremely high traffic counts ranging from a low of market. With the addition of the Riverport Industrial Park 22,000 to a high of 65,900 daily. These phenomenal traffic (and its large employers like Amazon), as well as the counts translate to big business for area retailers. completion of the Ohio River Bridges project, this trend is going to continue for the foreseeable future. OUTER LOOP / PRESTON HIGHWAY DOWNTOWN/CBD With the Louisville International Airport and major Shopping in downtown Louisville is as varied as its dining employers like UPS, Ford, and Amazon drawing tens of scene. Exquisite creations of glass at Glassworks or thousands of people to this area, the average daily traffic Flame Run, or authentic Kentucky-made crafts at the counts are some of the largest in the city. Jefferson Mall, Kentucky Museum of Arts and Crafts. If your passion is Jefferson Commons and the Festival at Jefferson Court antiques, Joe Ley is one of America's largest and most are the largest retail venues in this more industrial area of unusual antique stores to shop for treasures. Many the city. The Walmart Supercenter in the Hillview area visitors take advantage of the trolley to explore the also draws shoppers from nearby Bullitt County. downtown central business district, as well as the surrounding historic districts of West Main Street, Butchertown and NuLu. The $70 million entertainment district at Fourth Street Live! And the KFC Yum! Center both bring plenty of local and out of town traffic to the downtown district at night, while high daytime population demographics offer retailers and restaurateurs plenty of business during the day, as well. Cushman & Wakefield | Louisville | 2019 2 LOUISVILLE KEY RETAIL STREETS & AREAS SHELBYVILLE ROAD CORRIDOR NORTHEAST JEFFERSON COUNTY From St. Matthew's to Middletown, this 8 ¾ mile stretch of The northeast area of Louisville's Jefferson County offers road has dozens of shopping centers and two malls. The an affluent resident base with many high-end retailers and Mall of St. Matthews and Oxmoor Mall, and is a vital artery boutiques in the Paddock Shops, Springhurst, Westport in this retail trade area. The neighborhoods that dot this Village and Norton Commons. At the edge of the retail corridor sustain above average income neighboring Oldham County, this location draws many demographics from one end to the other. shopper from outside Louisville to enjoy the benefits offered in the "big city." Cushman & Wakefield | Louisville | 2019 3 LOUISVILLE MARKET OVERVIEW KEY AREAS / CONSUMER MAJOR RETAILERS PRESENT NEW ENTRANTS TYPICAL RENT RANGE OF UNIT STREETS/SHOPPING PROFILE FOR UNIT OF 2,000 SIZES CENTERS SQFT Bittners, Red Tree Furniture, Seng Jewelers, Locals, Tourists, Glassworks, A Taste of Kentucky, George M. Daytime Business, Krekel Jewelers, Art Eatables, Muth's Candies, Convention Zephyr Gallery, French Pleat, Bays Boutique, Downtown/CBD Falls City Market $26.00/SF 1,000 - 5,000 SF Attendees, Surface Noise, Work the Metal, Objects of Concert/Event Desire Gallery, Flame Run, Regalo, Kicks, Attendees Rellek, Canoe, Modern Trousseau, Duluth Trading Company Michael Kors, Staples, Academy Sports, Dick’s Sporting Goods, Crate & Barrel, Aeropostale, Forever 21, Jared Jewelers, Nordstrom, Rack Shoes, Godiva Chocolatier, Hollister, Hot Topic, LEGO Store, Untuckit, Shelbyville Road Corridor Affluent Locals Pottery Barn, New York & Company, D&W, $26.00/SF 2,000 - 5,000 SF Total Wine & More H&M, Drybar, Fresh Thyme Farmers Market, Carters, OshKosh B’Gosh, Hobby Lobby, Ross Dress for Less, Cyclebar, Sephora, JoAnn Fabrics, Petco, Aldi Cabela's, White House | Black Market, Banana Republic, Ann Taylor, Gymboree, Victoria's Secret, Dick's Sporting Goods, Kohl's, Northeast Jefferson Chartreuse, Closets by Design, Build A Bear Affluent Locals Hobby Lobby $30.00/SF 5,000 - 10,000 SF County Workshop, Costco, Ulta, Talbot's, Loft, J. Crew, Pier 1, Barnes & Noble, Quest Outdoors, Cabela's, Carters, Total Wine & More, Athleta, Water + Oak Cushman & Wakefield | Louisville | 2019 4 LOUISVILLE MARKET OVERVIEW KEY AREAS / CONSUMER MAJOR RETAILERS PRESENT NEW ENTRANTS TYPICAL RENT RANGE OF UNIT STREETS/SHOPPING PROFILE FOR UNIT OF 2,000 SIZES CENTERS SQFT Home Depot, Kay Jewelers, Dots, Marshalls, Merle Norman Cosmetics, Sears, Staples, Locals, Daytime Target, K-Mart, Dillard's, Guess, Radio Shack, Dixie Highway Crunch Fitness $18.00/SF 2,000 - 5,000 SF Business TJ Maxx, Game Stop, Payless Shoe Source, Leroy's Jewelers, Ashley Stewart, Herve Leger, Marshall, Planet Fitness Ross Dress For Less, Kay Jewelers, Yankee Candle, Motherhood Maternity, JoAnn Fabrics, Old Navy, American Eagle Outfitters, Bath & Round1 Bowling & Outer Loop/Preston Locals, Tourists, Body Works, Hot Topic, Amusement, Derby $18.00/SF 2,000 - 5,000 SF Highway Daytime Business PetSmart, Macy's, Staples, TJ Maxx, Hibbett City Gaming Sports, Foot Locker, Academy Sports, Michael’s, Aldi, Planet Fitness Bass Pro Shop, Target, Walmart, Kohl's, Kirkland's Home, Ross Dress for Less, Dillard’s, Bed Bath and Beyond, Shoe Carnival, Locals, Tourists, Southern Indiana Journeys, Office Depot, Hobby Lobby, Foot SleepNumber, 9Round $18.00/SF 2,000 - 5,000 SF Daytime Business Locker, Children's Place, Sephora, Aeropostale, Victoria's Secret, Hollister, Menard’s Cushman & Wakefield | Louisville | 2019 5 LOUISVILLE SHOPPING CENTERS STONY BROOK SHOPPING CENTER HOLIDAY MANOR This highly-trafficked center is located at the busy Proximity to high income demographics, I-264, and intersection of Hurstbourne Parkway and Taylorsville executive housing have made Holiday Manor one of the Road. Anchored by a Kroger grocery store, Stony Brook strongest centers in the Northeast Jefferson County trade has a strong line-up of national retailers including areas. Recent renovations to the anchor Kroger grocery Starbucks, GNC, State Farm, Avis Car Rental, Taco Bell store in this center are complete. Other tenants include and Great Clips. Strong area population and income Chase Bank, Impellizeri’s Pizza, Feeder’s Supply, Moore demographics help maintain the 158,940 SF center’s Jewellers, Rodeo Drive, Valvoline and the Kentucky popularity. Hearing Clinic. PADDOCK SHOPS PLAINVIEW VILLAGE At 367,500 SF of retail space on over 40 acres, Paddock Adjacent to I-64 at Hurstbourne Lane, Plainview Village is Shops (formerly The Summit) first opened in 2001 and easily accessed for shoppers in Louisville’s east end. The has been a strong presence in the Northeast Jefferson center has 165,467 SF of rental space and maintains high County submarket ever since. In addition to anchor occupancy. Tenants include Kroger grocery, Sports Clips, tenants, Bed Bath & Beyond, Earth Fare and Barnes & Subway, State Farm, PNC Bank, Cinderella Shoe Repair, Noble, this center is also home to Banana Republic, Ulta Zeh Orthodontic Center, Noodles & Company, Hertz, and Beauty, DSW, Yankee Candle, White House Black Plainview Cleaners, among others. The center is also Market, Total Wine & More, Build a Bear, J. Crew, well-situated for high daytime employment traffic. Gymboree, Victoria’s Secret, Men’s Wearhouse, Blaze Pizza, Claire’s and many others. Cushman & Wakefield | Louisville | 2019 6 LOUISVILLE SHOPPING CENTERS OLD BROWNSBORO CROSSING SHELBYVILLE ROAD PLAZA With the completion of the Lewis & Clark Bridge, Old The Shelbyville Road Plaza, along with nearby Mall of St. Brownsboro Crossing is now capturing traffic from across Matthews and other small area centers, have made the river, as well as the Northeast Jefferson County Shelbyville Road the most dominant retail corridor in submarket. It’s proximity to Norton Brownsboro Hospital Louisville’s east end. At 128,952 SF, this power center is and area medical offices makes it convenient for daytime home to tenants such as the Honeybaked Ham Store, traffic, as well as the nighttime traffic generated by the Nordstrom Rack, Trader Joe’s, Nike Factory Store, Off nearly affluent neighborhoods.
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