Arnot Mall HORSEHEADS, NEW YORK 50th ANNIVERSARY REDEVELOPMENT AERIAL VIEW ARNOT MALL PROPOSED REDEVELOPMENT OPPORTUNITY COLONIAL DRIVE OWNED BY OTHERS ARNOT ROAD OWNED BY OTHERS RED LOBSTER JCPenney 137,850 SF REGAL LOADING CINEMA urlington DOCK (ABOVE) coat factory & APRON 84,000 SF MALL ENTRANCE 148,344 SF MALL ENTRANCE P-9 29,295 SF PROPOSED OUTPAD ±5,000 SF PROPOSED PROPOSED MALL RETAIL RETAIL ENTRANCE 5,500 SF 5,500 SF EXISTING PROPOSED REST. REST. BON TON 4,800 SF 5,000 SF 119,385 SF EXISTING MALL MALL ENTRANCE COURTYARD LOADING ENTRANCE AREA MOONEY'S CHAMBERS ROAD 4,500 SF PROPOSED RETAIL PROPOSED 4,000 SF HOTEL 60,000 SF PROPOSED NEW MALL REST. ENTRANCE 4,500 SF DROP OFF OLIVE GARDEN PROPOSED PROPOSED PROPOSED REST. RETAIL CAFE INTERSTATE 86 5,500 SF 9,000 SF 4,500 SF DETENTION POND NORTH 0 100' 200' 400' GRAPHIC SCALE OVERVIEW ARNOT MALL 50th ANNIVERSARY & EXPANSION November 16th, 1967, Arnot Realty Corporation, the owners and developers of Arnot Mall, opened the center with 34 stores and JC Penney and S.F. Iszard’s as its anchors. The center continued to grow with two expansions, one in 1980 and the second in 1981, followed by the addition of Regal Cinemas in 1988; and it’s golden anniversary has already proven to be a successful one. H.L. Stephens expanded their current footprint within the Center by forty percent and opened a new location. Bon Ton invested in a larger location within the mall, now occupying the former Macy’s location. Regal Cinema strengthened their commitment by reinvesting and renovation all of their theaters, which include the luxury recliners and Mooney’s Sports Bar and Restaurant opened its 9th location in the mall. And now, Arnot Mall is unveiling their future plans, a redevelopment project that includes building a Holiday Inn Express & Suites in the former Bon Ton location and creating a hospitality, food/beverage and entertainment neighborhood at the Arnot Mall. ARNOT MALL MARKET OVERVIEW • Arnot Mall is a 1 million square foot regional shopping center located in Horseheads, New York and serving 315,000 people with an average income of $66,000. • Arnot Mall is in the heart of the Big Flats shopping destination in the Southern Tier and is the only enclosed regional shopping center in a 50 mile radius. It’s family friendly atmosphere, selection of stores and great access and visibility from major thoroughfare Interstate 86, is inviting to local and regional shoppers as well as tourists. • Th e Elmira Corning Regional Airport is located 5 minutes from the mall. Th e airport will receive $40 million in state funding for a $58 million project to upgrade the airport and create the “Airport of Tomorrow.” Bus service between the airport and the center makes it a convenient stop for travelers. • Anchored by Sears, The Bon-Ton, Burlington and JCPenney, Arnot Mall includes 120 specialty stores, including American Eagle Outfitters, Champs Sports, Christopher & Banks, Journey’s, Victoria’s Secret, and Yankee Candle. • Within 45 miles there are four colleges, including Cornell University and Ithaca College, with 33,000+ college students and within 12 miles there are 4,300 high school students. JOBS • Corning Inc. has their world headquarters in nearby Corning, NY, and is one of the world’s leading innovators in materials science. For more than 165 years, Corning, Inc. has applied unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries. With approximately 800 employees located in its head offi ce and 40,000 employees worldwide, Corning Inc had $9.7 billion in Core Sales in 2016. It is ranked 298 on the list of Fortune 500 companies. • Th e following global and Fortune 500 companies are within the trade area: Eaton Cutler- Hammer and Vulcraft of NY (division of Nucor), Arnot Ogden Medical Center, F.M. Howell and Company, Guthrie Healthcare, Hardinge Inc. (Headquarters), Imaging Sensing Technology Corp, Kennedy Valve-Division of McWane Inc., Mercury Aircraft , Orthstar Computer Soft ware, Phillips Lighting, Purolator Products, Schweizer Aircraft , Silicon Carbide Products Inc., Synthes USA Medical Devices, and Th omas and Best Corporation/ LRC Electronics Inc. TOURISM • Arnot Mall is conveniently located off of I-86, the main route through the Southern Tier, in the heart of the Finger Lakes Region. Finger Lakes Wine Country is the largest collection of vineyards in the US outside of Napa Valley. There are over 100 wineries in the region that attract over 4.5 million annual visitors. • Corning Inc, the Glass Capital of the World, is a short drive from Arnot Mall, and attracts half a million visitors annually. In total, the museums and popular activities in the area attract over 2 million visitors a year. HOSPITALITY • Within 5 minutes of the mall is the largest number of hotels in the area, including 9 major national chains. • There are ten hotels including eight major chains with 800+ rooms within ten minutes and 15 bed and breakfasts within 20 minutes of Arnot Mall. RENDERINGS RENDERINGS RENDERINGS RENDERINGS RENDERINGS RENDERINGS SHOPPING CENTER COMPARISON 30 Mile Radius Distance from Average Projected Projected Population Households Center Name Arnot Mall Income Population Households Arnot Mall n/a $ 66,100 316,379 317,318 126,602 127,914 Big Flats Consumer Square 0.6 mi $ 65,475 311,589 312,418 124,311 125,559 Southern Tier Crossing 0.8 mi $ 66,670 320,921 321,962 128,619 129,982 South Meadow Square 26.3 mi $ 70,244 336,479 339,103 131,668 133,592 The Shops at Ithaca Mall 29.7 mi $ 73,359 286,161 289,699 111,498 113,713 The Shops at Ithaca Mall South Meadow Square Arnot Mall Southern Tier Crossing Big Flats Consumer Square NEW YORK PENNSYLVANIA MARKET TRADE AREA POPULATION HOUSEHOLD INCOME 2017 Estimate: 312,762 $ 69,013 Average Income 51% Income over $50,000 TOTAL HOUSEHOLDS POPULATION AGE 125,840 34% Age Under 25 35% Age 25-54 31% Age 55+ Median Age: 39 BUSINESS PROFESSIONAL EMPLOYMENT CATEGORIES Architect/Engineer 1% Healthcare Support 1% Arts/Entertainment/Sports 2% Maintenance Repair 3% Building Grounds Maintenance 6% Legal 0% Business/Financial Operations 5% Life/Physical/Social Science 1% Community/Social Services 3% Management 9% Computer/Mathematical 2% Office/Admin. Support 11% Construction/Extraction 7% Production 2% Education/Training/Library 9% Protective Service 2% Farming/Fishing/Forestry 0% Sales/Related 9% Food Prep/Serving 3% Personal Care/Service 4% Healthcare Practitioner/Technician 8% Transportation/Moving 5% Blue Collar 21% White Collar 60% Service & Farm 19% Source: Urban Retail Properties, LLC Market Research ©2017 Sitewise Pro. All Rights Reserved. DAYTIME POPULATIONS In Arnot Mall’s primary trade area there are 14,589 businesses with 155,317 employees. Residential to employee population ratio is 2:1. LARGEST EMPLOYERS IN THE AREA Arnot Ogden Medical Center Cargill Salt (US Salt Corporation) Corning Hospital Corning Incorporated (Headquarters) Dresser-Rand F.M. Howell and Company Guthrie Medical Center Guthrie Healthcare Hardinge, Incorporated (Headquarters) Imaging, Sensing Technology Corporation Kennedy Valve-Division of McWane, Inc. Mercury Aircraft Orthstar Computer Software Phillips Lighting Purolator Products Schweizer Aircraft Silicon Carbide Products, Incorporated St. Joseph’s Hospital Synthes USA Medical Devices Thomas and Best Corporation/LRC Electronics, Inc ATTRACTIONS Horseheads and nearby towns have a variety of attractions including: • Wings Of Eagles Discovery Center • Horseheads Brewing • Birdland Brewing Company • The Depot Museum of the Horseheads Historical Society • Eldridge Park (Elmira) • Arnot Art Museum (Elmira) • Corning Glass Museum • Discover Trail : group of 8 educational attractions (Ithaca) • Over 150 waterfalls to visit (Ithaca) New York’s Finger Lakes region Finger Lakes region attracts abundant tourism market which exceeds 4.5 million annual visitors. Known for their wine (especially their Rieslings) as well as several breweries and many hard-cider producers. There are various wine trails and the Finger Lakes Beer trail which attracts many visitors. Museums like Glenn H Curtis Aviation Museum as well as the Strong National Museum of play are both available options for people of all ages. The Glenn H Curtis Aviation Museum features the history of Glenn Curtis who not only had the record for fastest motorcycle speed from 1907 to 1930, but also was awarded U.S. Pilots License #1 in 1911. The latter museum located in Rochester, NY is dedicated to play with exhibits and activities targeting those who love to play. The Finger Lakes region has excellent outdoor activities as well. Everything from hiking, boating and fishing, agriculture, and biking is available for all ages. There truly is something for everyone. TOURISM Arnot Mall is the heart of the Big Flats shopping destination in the Southern Tier, and is the only enclosed shopping center in a 50 mile radius. The mall is conveniently located offf o I-86, the main route through the Southern Tier, in the heart of the Finger Lakes Region. The Southern Tier of New York State is rich in history, culture and world class attractions. Finger Lakes Wine Country is the largest collection of vineyards outside of Napa Valley in the US. There are over 100 wineries in the region. The Watkins Glen International Racetrack is located about 20 minutes from Arnot Mall, and hosts major events such as NASCAR and themed festivals throughout the year. Corning, NY, 10 min from Arnot Mall is the Glass Capital of the world. The town attracts at least half a million visitors annually just, mainly to visit the Corning Museum of Glass, along with the other museums and popular activities offered in the area. All area attractions welcome over 2 million visitors annually. The Elmira Corning Regional Airport is located 5 minutes from the mall.