PALM BEACH FLORIDA Palm Beach County’s newest shopping destination Highlights SUPERB LOCATION ■ Ideally located off I-95 at Exit 71 on Palm Beach Lakes Blvd. ■ One-half mile of unobstructed highway visibility ■ Average daily traffic on I-95: 216,136 STRONG DEMOGRAPHICS ■ Over 1.5 million people live within 30 miles of the site. ■ 150,000 seasonal and second-home owners dramatically increase the base population for nearly six months a year. ■ 6.9 million people visit Palm Beach County each year. FEATURING OVER 100 STORES INCLUDING BRAND FAVORITES SAKS FIFTH AVENUE OFF 5TH, CALVIN KLEIN, BROOKS BROTHERS, DKNY AND NIKE FACTORY STORE 2 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA OPPORTUNITY Palm Beach Outlets has quickly established itself as THE place to shop in Palm Beach County. Palm Beach County’s first outlet center, Palm Beach Outlets features over 100 stores including brand favorites Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Outlet, J.Crew | crewcuts Factory, Kenneth Cole, Nike Factory Store, Tommy Hilfiger, Under Armour and “Palm Beach Vera Bradley. Ideally located off Interstate 95 on Palm Beach Lakes Boulevard in West Palm Beach, Palm Beach Outlets is now one of County sees the region’s most visited shopping destinations, serving the unmet shopping needs of millions of residents and the 6.9 million annual record 6.9 million visitors to Palm Beach County. tourists in 2015” “We have called the arrival of Palm Beach Outlets a game-changer Sun Sentinel ■ February 2016 because of its importance to our visitors, particularly international visitors from Latin America, as well as its highly convenient location in central Palm Beach County,” said Jorge Pesquera, President and CEO of Discover The Palm Beaches, in an interview with the Palm Beach Post. With new and exciting stores opening every month, residents and tourists alike are finding more and more reasons to visit their new, favorite shopping destination: Palm Beach Outlets. PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 3 LOCATION Unparalleled location ■ Located in West Palm Beach in Palm Beach County; one of the nation’s most affluent areas ■ Easily accessible with location directly off Interstate 95 at Exit 71 ■ Superb visibility with one-half mile of unobstructed frontage on Interstate 95 ■ Average Daily Traffic on Interstate 95: 216,136 ■ No other outlet shopping within 55 miles ■ 6.9 million annual visitors to Palm Beach County generate a $7.3 billion impact. ■ Over 1.5 million people live within a 30 mile radius of the site. WITH AN ENVIABLE CLIMATE “Palm Beach Outlets itself has surpassed AND UNPARALLELED QUALITY OF LIFE, PALM BEACH every sales goal imaginable since COUNTY IS AN UNDENIABLY ATTRACTIVE LOCATION. opening...The parking lots are always filled to the brim, with people carrying bags on top of bags off the property.” USA 10Best 4 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 44,795 ADT Exit 71 Palm Beach Lakes Blvd. 17,099 ADT N. Congress Ave AVERAGE DAILY TRAFFIC I-95: 216,136 PALM BEACH LAKES BLVD.: 44,795 95 216,136 ADT PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 5 MARKETS Impressive residential and tourism markets Palm Beach County is one of Florida’s wealthiest counties, with affluent towns such as Palm Beach, Jupiter Island, Manalapan, Juno Beach and Boca Raton dotting the coast. Add to that Wellington, an international equestrian destination, and Palm Beach Gardens, a golf haven. The result: A large population with impressive household incomes. Additionally, Palm Beach County has consistently attracted the strongest in-migration in Florida and has been one of the fastest growing metros in the country. DRIVE MARKET The majority of the drive market comes from within Florida and from Atlanta, Alabama, Charlotte, Raleigh/ Durham, Baltimore, Dallas, and Houston. BUS MARKET The tour bus market comes from the country’s Northeast Corridor, both during peak and off-peak seasons. “Tourism leaders say shopping FLY MARKET The award-winning Palm Beach International Airport centers, including the Palm Beach serves approximately six million passengers annually, with an average of 200 daily scheduled, non-stop flights from 25 cities, providing easy access both nationally Outlets in West Palm Beach... and internationally. have become huge tourism draws.” Palm Beach Post ■ February 2016 6 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA Residential Market Palm Beach Outlets benefits from strong Port Saint Lucie demographics: Nearly 1.5 million people make Palm 95 50 MILE RADIUS Beach County their permanent home and the seasonal influx of approximately 150,000 seasonal Jupiter Island and second-home owners dramatically increases this base population for nearly six months of the 30 MILE RADIUS year. Over 1.5 million people live within 30 miles of Tequesta Palm Beach Outlets and have an average household 20 MILE RADIUS income of $85,152. 15 MILE RADIUS Palm Beach Gardens 10 MILE RADIUS AVERAGE HOUSEHOLD INCOME OF AFFLUENT TOWNS WITHIN 30 MILES Jupiter Island $308,447 Wellington Lake Worth Manalapan $294,771 Manalapan Palm Beach $229,680 Boca Raton $118,249 Delray Beach Palm Beach Gardens $111,997 Boca Raton 95 75 Fort Lauderdale Miramar “ Palm Beach is among the top destinations for vacation home buyers in the country, according to Barron’s Penta magazine.” THE REAL DEAL PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 7 10 10 10 95 95 75 4 The nearest outlet shopping mall is 55 miles south of 95 Palm Beach Outlets. Orlando Premium Outlets Vero Beach Outlets Orlando, Florida Vero Beach, Florida 175 MILES 75 MILES Port Saint Lucie 95 Jupiter Island Tequesta Palm Beach Gardens Wellington Lake Worth PALM BEACH OUTLETS IS THE ONLY OUTLET Delray Beach CENTER IN PALM BEACH COUNTY. Sawgrass Mills Mall Boca Raton Sunrise, Florida 55 MILES 95 75 Fort Lauderdale Miramar Dolphin Mall Miami, Florida 80 MILES 8 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA COMPETITION TOURISM Palm Beach County hosts the annual FTI Winter Equestrian Festival and has the largest concentration of sport horses anywhere in the world. Palm Beach County is home to many of National and Florida’s finest resort hotels, including the Boca Raton Resort and Club (1,047 rooms), The Breakers (540 rooms), Four Seasons International Resort Palm Beach (210 rooms), the PGA National Resort & Spa (397 rooms), Roger Dean Stadium Tourism Destination and Eau Palm Beach is the only stadium Resort & Spa in Florida to host PALM BEACH COUNTY TOURISM STATISTICS (309 rooms). two Major League ■ 6.9 million visitors annually. Baseball Teams Palm Beach ■ More than 16,000 hotel rooms in Palm annually for spring County, known Beach County. training: the Miami as “Florida’s ■ Leisure travelers spend, on average, 3.5 nights Marlins and the St. Cultural Capital”, and $1,400 per stay. Louis Cardinals. has premier ■ Average visitor’s income is $94,000/year. performance ■ Prime tourism season is November-April. venues such Palm Beach County as the Kravis has numerous annual Center for the events, including Performing Arts the Palm Beach “For 2015 compared to 2014, the (2,654 seats and International Boat an amphitheatre Show, the Delray accommodating Beach International Palm Beaches had an increase 1,400 patrons) Tennis Championships, and the Norton and the American There are 160 world-class public and private Museum of Art. International Fine Art of 11.7% in domestic visitors.” golf courses and 47 miles of unspoiled beaches Fair, to name a few. in Palm Beach County. Discover the Palm Beaches ■ February 2016 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 9 DEMOGRAPHICS DEMOGRAPHIC ANALYSIS Population 10 Miles 15 Miles 20 Miles 30 Miles 50 Miles 2016 Estimated Population 641,607 990,587 1,175,387 1,573,824 3,379,661 2021 Projected Population 692,067 1,066,948 1,266,201 1,692,069 3,607,401 Historical Annual Growth 2000 to 2016 2.0% 2.2% 2.1% 1.8% 1.5% 2016 Adj. Daytime Demographics Age 16 Years or Over 530,416 754,849 901,029 1,300,957 2,729,943 2016 Median Age 40.2 41.5 43.2 44.2 42.2 Income 2016 Estimated Average Household Income $73,324 $79,806 $80,925 $85,152 $79,686 2016 Estimated Median Household Income $54,696 $60,486 $61,151 $63,588 $61,032 Households 2016 Estimated Households 252,386 390,626 476,457 650,085 1,357,046 2021 Projected Households 265,830 410,573 500,896 682,355 1,418,203 Race & Ethnicity 2016 Estimated White 63.2% 67.8% 69.5% 72.9% 67.8% 2016 Estimated Black or African American 24.4% 21.1% 20.2% 17.5% 22.2% 2016 Estimated Asian or Pacific Islander 3.0% 3.1% 2.9% 3.0% 3.2% 2016 Estimated American Indian or Native Alaskan 0.7% 0.5% 0.5% 0.4% 0.3% 2016 Estimated Other Races 8.8% 7.5% 6.8% 6.2% 6.4% 2016 Estimated Hispanic 27.8% 23.9% 21.7% 20.1% 22.2% Education (Age 25+) 2016 Estimated Some College 20.3% 20.5% 20.6% 20.5% 20.6% 2016 Estimated Associates Degree Only 8.6% 9.0% 8.9% 8.9% 9.3% 2016 Estimated Bachelors Degree Only 17.2% 18.8% 19.4% 20.8% 19.5% 2016 Estimated Graduate Degree 9.9% 10.9% 11.4% 12.3% 11.1% Business 2016 Estimated Total Businesses 32,805 47,001 55,372 81,010 176,945 2016 Estimated Total Employees 318,701 426,558 489,106 740,900 1,599,345 10 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA Palm Beach Outlets PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 11 75 PARK PLAZA, BOSTON, MASSACHUSETTS 02116 IN PARTNERSHIP WITH: [email protected] ■ 617.965.8700 ■ NEDEVELOPMENT.COM 7.5.16.