310,000 SF Regional Retail Shopping Center Indian Land / Lancaster County, SC
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310,000 SF Regional Retail Shopping Center
Indian Land / Lancaster County, SC
Overview
About RedStone • 310,000 SF regional retail center, minutes from Ballantyne
• Anchored by 14-screen Stone Theatres cineplex
• Phase I opened 1st Q. 2018
Project Overview
• Corner of Hwy 521 and Hwy 160 in rapidly growing Indian Land area
• Adjacent to Red Ventures campus
• Anchor, junior anchor, shop space, and outparcel opportunities available
Demographics 1 mile 3 mile 5 mile
2017 Population 2,610 39,661 113,502
310,000
2010 - 2017 Growth Rate 3.63% 3.94% 3.46%
2017 Avg. HH Income $82,947 $118,717 $118,834
SF Retail Center Traffic Counts ADT
Highway 521 37,700
RedStone, which opened 1st Q. 2018, is a
Highway 160 16,400
unique 310,000 square foot regional retail
shopping center that serves the rapidly
growing residential and commercial markets of
northern Lancaster County. RedStone appeals 485
to a broad range of retail tenants because
of the project’s strategic location — at the 77 North
Carolina
intersection of Highway 160 and Highway 521. 21
South
The center draws customers from Ballantyne, Carolina
Fort Mill, Sun City and deep into Lancaster County
due to its tenant mix of restaurants, shops, anchor
521
and junior anchor tenants – the most notable of
which is the 14 screen Stone Theatre Cineplex.
16,400 ADT 37,700 ADT
160
2 1
74
MATTHEWS
ina
rol
49 Ca a
Nort
h
rolin 77
Ca
uth
So 51
485
Aerials
51
PINEVILLE 16
Market Aerial 485
BALLANTYNE
21
16
521
BAXTER VILLAGE
KINGSLEY PARK
WEDDINGTON
84
SoBa Apartments
260 units
160 Capital Club (Coming 2020)
Apartments
% $ , / ( 6 312 units
(Coming 2020)
FORT MILL
77
5 , ' * (
Flats at Edgewater INDIAN LAND
Apartments
21 289 units
(FUTURE)
Six Mile Creek
Apartments
300 units
521 (FUTURE)
No
rth
So
ut
Ca
hC
ro
lin
ar
oli
a
na
16
77 SUN CITY WAXHAW 75
ROCK HILL CAROLINA LAKES 521
2 75 3
521
Sharonview Federal
Credit Union
Capital Club
Apartments
312 units
(Coming 2020)
wy
Red Ventures
eH
rlott
Proposed Office
Recreation
Cha
SoBa Apartments
Cardinal Health
260 units
(Coming 2020)
Keer America Corporation
Proposed Hwy 160
Extension
Movement Mortgage 160 Phase 2
Fort Mill Hw y
The Enclave at
Bailes Ridge
246 Apartments Phase 1
Ed g ew
ater Pk w y
Honeywell International
URS Corporation
CompuCom
% $ , / ( 6
Flats at Edgewater
Apartments
289 units
(FUTURE)
Ma
521 r vi
nR
5 , ' * (
d
4 5
Residential Developments Business Parks & Work Force
Number of # Employees
Proposed Subdivision Approx. Lots Company
Employees on Expansion Rd
e ll
r eyK
Ansley Park 309 Bailes Ridge & McMillan Parks Ard
521
Ardrey Kell Development 99 CompuCom - 1,200
Retreat at Elon Park
Ballantyne
Elementary
Avondale SF 365 Movement
400 1,100
Mortgage
Parkside
Avondale TH 165 Covington Cardinal
850 850
Healthcare
Barber Rock 521
Barber Rock: Overlook 124 The Preserve
Ardrey Kell Keer America 100 500
Regions of Development
Barber Rock: Preserve 52 Bretagne
Continental
486 486
Tire
Broadmoor 62
Honeywell 220 300
Covington 322
Barber Rock Avondale TH Kennametal 100 100
Marvin Road Development 9 The Overlook
Parkside 36 Roseglen
Avondale SF
521 Corporate Center
Regions of Bretagne 215
Red Ventures 2,000 3,000
160
Reid Pointe 230
Reid Pointe Sharon View
125 125
FCU
Retreat at Ballantyne 56 160
Marvin Road Republic
Development 45 45
Services of FL
Roseglen 49
Power
50 50
Engineers
Total Housing Units upon Build-Out*:
13,733
Continental
90 90
Tire
Broadmoor
(Current 3-mile Population: 39,661) Integrated
40 60
Health Care
Ansley Park
Dimension Marvin
Data
75 75 Rd
s Mesa 25 35
ile
3 -M
521 Edgewater
URS 225 225 521
KEY: Active Development Built Out Source: Metrostudy 2017 Maverick
100 100
* Homes built prior to 2000 not shown. Apartment homes not included. Aerial: ©Nearmap 2017 Funding Aerial: ©Nearmap 2015
Total No. of Employees Upon Expansion:
8,341 (4,931 to date)
6 7
9
Phase 1
OA-2
OA-1
OB-1
2,463 SF
OB-2
3,221 SF
OB-4
1,602 SF
OB-5
2,178 SF
OC-1
2,516 SF
OC-2
5,721 SF
1,689 SF
E
OC-3
1,522 SF
5,479 SF
OC-4
F
2,200 SF
OC-5
3,493 SF
A-1
2,868 SF
A-2
1,790 SF
A-3 OD-1
1,340 SF 3,200 SF
A-4
1,392 SF
OD-2
3,400 SF
OD-3
B-1 1,200 SF
1,324 SF
B-2
1,234 SF OD-4
3,509 SF
B-3 3,000 SF
C-1
3,082 SF
1,788 SF
1,347 SF
3,935 SF
C-2
C-4
D
B-4
3,205 SF
40,753SF
Anchor B
OUTPARCEL E
Space
Green
Public
16,000 SF
10,600 SF
M F
0S
G
H
4,40
0 SF
5,40
L
Anch00 SF
or A
37 , 4
9,600 SF
6,000 SF
J
K
Site Plan
Phase I & II
Phase 2
8
Photos
Theater & Shop Spaces
10 11
Photos
Shop Spaces & Monument Sign
12 13
Red Ventures Red Ventures branching out in IL
Local projects include campus expansion for 1,500 more workers, RedStone, hotel
A Corporate Partnership Posted: July 27, 2016
Red Ventures plans to hire another 1,500 RedStone retail center Few employees from county
employees, increasing its workforce to
3,750 at its Indian Land campus after it Once almost exclusively an internet Brodsky also spoke at length about Red
marketing firm, since 2009 Red Ventures Ventures’ employees, including how
Unfinished First Ward completes an expansion that will double
has expanded its business model to many live in Indian Land.
Why Daniel Levine has put its size there next year.
OCTOBER 30, 2015 3 on hold
apartments, parking deck include insurance and real estate, among
Red Ventures CFO Mark Brodsky drew “Of the 2,250 employees in the Indian
WILL BOYE, 4 other ventures, the latter of which form
a full house to the Indian Land Action Land campus, close to 600 live in
the foundation for the company’s most
UP FRONT Council meeting Thursday, July 21,
where he spoke about the company’s
talked-about local project – RedStone.
South Carolina, and 181 live in Lancaster
County,” Brodsky said. “That’s fairly
unparalleled growth over the past seven A 310,000-square-foot retail center representative of the population of the
DIGITAL MARKETER DOUBLING HQ years, and offered an update on current under development at the intersection of area.”
projects and what’s coming next. U.S. 521 (Charlotte Highway) and S.C. 160
In response to another question, Brodsky
Red Ventures to grow Indian Land campus
(Fort Mill Highway), the project is being
Chief among those upcoming projects is said the company looks at employee
developed in two phases, the first of
a $90 million expansion of the internet turnover in three ways: “sales center 90
which includes a 14-screen movie theater
marketing firm’s local campus, the fourth days or less,” “sales center more than 90
complex, Sharonview Federal Credit
BY KEN ELKINS since the company moved to Indian Land days” and “non-sales center.”
HEAVY HITTERS Union, Lee Nails, Tide Dry Cleaners and
in 2009 with 325 employees. nine restaurants. Acknowledging that a sales position “is
THE PEOPLE AND PROJECTS
S.C. Gov. Nikki Haley is scheduled to attend THAT LED THE WAY 19 a tough job,” Brodsky said the less than
DUKE’S BIG DEAL The new complex will allow the company The restaurants include Red Rocks
an event next week at which Red Ven- 90-day sales center turnover is “high,”
tures will announce it is doubling the size WHAT $4.9 BILLIONto increase its current 2,250-employee
workforce in Indian Land by an additional
Café, Portofino Italian restaurant, Penn
while the second and third categories
ACQUISITION Station Subs, WAFU Japanese Hibachi/
of its Indian Land headquarters to almost hover around 1.5 percent and less than 1
600,000 square feet. MEANS FOR CLT 10 1,500 and brings its total investment in
the Indian Land campus to about $190
sushi, Viva Chicken, Z’s Amazing Kitchen,
percent a month, respectively.
Menchies Yogurt, Moe’s and Freddy’s.
On Wednesday, the Internet marketing million. Still, he said, the company’s employees
company, which already has 2,200 employ-
Electrical Though he declined to identify them,
contractors 42-43
INDUSTRY HUB
According to Brodsky, the expansion was are passionate about community
ees on the Lancaster County campus, will Brodsky said the company and its
part of a decision company officials made involvement, much like the company
map out plans for three additional build- partner MPV Properties of Charlotte are
in 2014 to buy seven parcels of land in the where they work.
in negotiations with national restaurant
ings on the 521 Corporate Center property. area that would also lay the groundwork
The new Red Ventures buildings, which
Red Ventures will add NEWSMAKER
chains, a national coffee chain and box According to Brodsky, the company
three buildings to its for a much more visible presence in the stores, plus at least one major grocery helped employees raise $232,991 to help
THE STORY
MORE THAN
the company is calling RV4, will contain community. store chain. 62 organizations last year.
a six-story tower, the company says. The
Lancaster County home Red Ventures has
new buildings will also house Red Ven-
BEHIND A FILE
big growth plans
Indian Land campus will more than
“At this point, we had a strategic decision Phase 1 of RedStone should be up and One community-focused program is
$2.5M GIFT
MARKETING to make,” Brodsky said. “We were
double in size and mixed-use project
tures’ learning and development center and will be developed on adjacent land. running during the second quarter of Donors Choose, a favorite of CEO Rick
Lowe’s CEO
KEN ELKINS, 3
thinking about future growth and we 2017, he said, while the goal for Phase 2 Elias, which donated about $61,000 to 70
a sales center. net-based tools to bring customers to cli- Adjacent to 521 Corporate Center, MPV Could CB&I deal
Robert Niblock decided to go all in in Indian Land.” is late 2017 or early 2018. projects in the Lancaster County School
“We are incredibly excited about expand- ents. It creates websites for clients that are Properties of Charlotte is beefing up plans
wants his alma impact office here?
The Charlotte Hornets rebuilt
Brodsky said the first phase of the District last year.
ing our footprint in South Carolina and look designed to appear among the first pages in for its RedStone materretail
to make center that was
a fan base — and the revenue
Contractor with a major presence in
uptown is getting out of the business Plans for the project call for an expansion
forward to sharing more about the future Google and other search engines. Telephone announced
sure graduating of building nuclear plants. project, a new sales center building of the S.C. 160 intersection, Brodsky said. “So far this year, Red Ventures has
studentsin March. Now that project
are ready for the work
that comes with it — on the JOHN DOWNEY, 3
vision for the Red Ventures campus during numbers and links lead directly to Red Ven- includesforce.
a total of his
And he put 291,000
money square feet of buzz of a name change. The
NewDominion has
called RV4, will open in January, followed contributed over $150,000, and is on track
NBA franchise will have to In the long term, the company is also
our groundbreaking event next week,” tures employees who pitch client products. behind a major initiative to
space, including a Stone Theatres 14-screen start winning, though, to another $20 millionby a two-story parking garage and a considering developing some residential
to contribute $300,000-plus,” Brodsky
sharpen UNC Charlotte’s Belk Capital raise will fund branding, six-story tower called the Learning and said. “So we take our commitment
spokeswoman Katie Zach says. Red Ventures’ data and demographic anal- movie theater, which was announced
College programs. join the billion-dollar club. service improvement and
properties at the location.
employee development. Education Center, in fall 2017. seriously.”
Red Ventures has grown from a ysis allows its employees to tailor pitches to earlier. KEN ELKINS, 44 STORY BY ERIK SPANBERG, PAGES 16-17 HILARY BURNS, 8
300-employee enterprise that moved its potential customers. RedStone, which is being developed “The size of our campus is about to go ILAC President Jane Tanner said she’s
offices into an existing building in 521 Cor- A January $250 million investment in by MPV Properties of Charlotte, is on U.S. CHARLOTTE Breaking news online
from over 300,000 to over 600,000 Indian Land’s first hotel been pursuing Brodsky for some time.
porate Center in Indian Land from Charlotte Red Ventures by Silver Lake Partners set the Highway 521 at S.C. Highway 160. BUSINESS JOURNAL
r square feet,” Brodsky said. She said Red Ventures “doesn’t come out
3
CharlotteBusinessJournal.com
Another project moving forward, Brodsky
56525 10111
October 30, 2015
in 2009. value of the entire company at $1 billion. Plans call for S.C. 160 to be extend- Vol. 30, No. 30, $2 On smartphones and tablets
He said future plans at the famously of their nest very often.” She said she was
550 S. Caldwell St. CharlotteBusinessJournal.com/apps said, is Indian Land’s first hotel, a four-
Today, Red Ventures dominates the busi- Since Silver Lake took the minority stake ed across U.S. 521 and into the RedStone Suite 910
amenity-rich campus include ball fields, pleased with such a large turnout.
Charlotte, NC 28202 Daily email updates story TownPlace Suites by Marriott. A
ness park with its red-accented buildings in the company, Red Ventures itself has property. L which will be open to the public, as well
6
CharlotteBusinessJournal.com/email
partnership between OHM Motels and “I think people were curious because
on the Indian Land campus. It has another invested in other companies including $310 The site plan for RedStone is pend- as walking and biking trails. Red Ventures, the hotel is going up at the they didn’t know what kind of company
500 employees in leased space in University million to buy Imagitas, a Pitney Bowes Inc. ing before the Lancaster County Planning intersection of U.S. 521 and Red Ventures they are, and what they do,” Tanner said.
City in Charlotte. unit that has an important contract with the Commission, county officials say. It must be Drive. “Now they’ve spread out and are buying
Red Ventures uses a collection of Inter- U.S. Postal Service. approved before work can begin. land and bringing in restaurants and the
“We’re expecting to start putting steel in
movie theater and stores, and I think
the ground in about 30 days,” Brodsky
people were wanting to know.
said. “There will be four floors, 91 rooms,
a swimming pool and several other “I think it was all very positive,” she said.
JOB IMPACT UNCLEAR amenities.”
Red Ventures CFO Mark Brodsky addresses the Indian Land Action Council on
CB&I SELLING PIECE OF CHARLOTTE OPERATION TO WESTINGHOUSE Thursday night, sharing plans for a $90 million expansion of Red Ventures’ campus,
as well as updates on RedStone and Indian Land’s first hotel.
BY JOHN DOWNEY lems at a CB&I fabricating plant in Loui- alleged the costs were the result of delays
siana, have raised concerns about nuclear caused by the contractors.
Chicago Bridge & Iron, an engineering and construction in the United States. Georgia Power, the Southern Co. sub-
construction contractor whose power divi- CB&I spokeswoman Gentry Brann says sidiary that owns 45.7% of Vogtle, says the
sion is based in Charlotte, is getting out of the sale involves just its Stone and Webster settlement cuts its liability to $350 mil-
the business of building nuclear plants. operations in Charlotte and Canton, Mass. lion, which would indicate a settlement of
CB&I has agreed to sell its CB&I Stone She says CB&I’s fossil fuel power opera- roughly $765 million.
14 and Webster division to Westinghouse Elec- tions and its nuclear maintenance division Meanwhile, S.C. Electric and Gas, the 15
tric Co. in Charlotte will not be affected. SCANA Corp. subsidiary that owns 55% of
Westinghouse and CB&I are partners in Brann says CB&I does not have a cur- Summer, says it has negotiated a new agree-
Demographics
Executive Summary
Executive Summary Executive Summary
114 Tanglewood Dr, Fort Mill, South Carolina, 29707 Prepared by Esri 114 Tanglewood Dr, Fort Mill, South Carolina, 29707 Prepared by Esri
Rings: 1, 3, 5 mile radii Latitude: 35.00096 Rings: 1, 3, 5 mile radii Latitude: 35.00096
Longitude: -80.85441 Longitude: -80.85441
1 mile 3 miles 5 miles 1 mile 3 miles 5 miles
Population Median Household Income
2000 Population 797 8,966 40,212 2017 Median Household Income $60,283 $89,927 $89,542
2010 Population 2,016 29,969 88,725 2022 Median Household Income $69,121 $99,761 $97,962
2017 Population 2,610 39,661 113,502 2017-2022 Annual Rate 2.77% 2.10% 1.81%
2022 Population 3,187 46,509 130,482 Average Household Income
2000-2010 Annual Rate 9.72% 12.83% 8.24% 2017 Average Household Income $82,947 $118,717 $118,834
2010-2017 Annual Rate 3.63% 3.94% 3.46% 2022 Average Household Income $97,355 $133,916 $133,123
2017-2022 Annual Rate 4.08% 3.24% 2.83% 2017-2022 Annual Rate 3.26% 2.44% 2.30%
2017 Male Population 48.6% 48.2% 48.3% Per Capita Income
2017 Female Population 51.4% 51.8% 51.7%
2017 Per Capita Income $31,793 $43,051 $43,923
2017 Median Age 38.4 36.7 38.2
2022 Per Capita Income $37,250 $48,451 $49,002
In the identified area, the current year population is 113,502. In 2010, the Census count in the area was 88,725. The rate of change since 2017-2022 Annual Rate 3.22% 2.39% 2.21%
2010 was 3.46% annually. The five-year projection for the population in the area is 130,482 representing a change of 2.83% annually from Households by Income
2017 to 2022. Currently, the population is 48.3% male and 51.7% female.
Current median household income is $89,542 in the area, compared to $56,124 for all U.S. households. Median household income is
Median Age projected to be $97,962 in five years, compared to $62,316 for all U.S. households
The median age in this area is 38.4, compared to U.S. median age of 38.2.
Current average household income is $118,834 in this area, compared to $80,675 for all U.S. households. Average household income is
Race and Ethnicity projected to be $133,123 in five years, compared to $91,585 for all U.S. households
2017 White Alone 83.3% 74.2% 77.8%
2017 Black Alone 7.3% 9.0% 8.7% Current per capita income is $43,923 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to
be $49,002 in five years, compared to $34,828 for all U.S. households
2017 American Indian/Alaska Native Alone 0.5% 0.3% 0.4%
2017 Asian Alone 3.1% 11.3% 8.5% Housing
2017 Pacific Islander Alone 0.0% 0.0% 0.0% 2000 Total Housing Units 337 3,379 15,647
2017 Other Race 3.3% 2.4% 2.1% 2000 Owner Occupied Housing Units 269 2,679 11,828
2017 Two or More Races 2.5% 2.6% 2.5% 2000 Renter Occupied Housing Units 55 502 2,734
2017 Hispanic Origin (Any Race) 9.4% 8.0% 6.8% 2000 Vacant Housing Units 13 198 1,085
Persons of Hispanic origin represent 6.8% of the population in the identified area compared to 18.1% of the U.S. population. Persons of 2010 Total Housing Units 864 11,387 34,775
Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from 2010 Owner Occupied Housing Units 699 8,814 25,957
different race/ethnic groups, is 45.9 in the identified area, compared to 64.0 for the U.S. as a whole. 2010 Renter Occupied Housing Units 113 1,924 6,879
Households 2010 Vacant Housing Units 52 649 1,939
2000 Households 324 3,181 14,562 2017 Total Housing Units 1,098 14,633 43,608
2010 Households 812 10,738 32,836 2017 Owner Occupied Housing Units 869 11,161 32,402
2017 Total Households 1,037 14,055 41,677 2017 Renter Occupied Housing Units 168 2,894 9,274
2022 Total Households 1,265 16,450 47,701 2017 Vacant Housing Units 61 578 1,931
2000-2010 Annual Rate 9.62% 12.94% 8.47% 2022 Total Housing Units 1,337 17,052 49,629
2010-2017 Annual Rate 3.43% 3.78% 3.34% 2022 Owner Occupied Housing Units 1,042 13,047 37,231
2022 Renter Occupied Housing Units 223 3,403 10,469
2017-2022 Annual Rate 4.05% 3.20% 2.74%
2022 Vacant Housing Units 72 602 1,928
2017 Average Household Size 2.52 2.82 2.72
Currently, 74.3% of the 43,608 housing units in the area are owner occupied; 21.3%, renter occupied; and 4.4% are vacant. Currently, in
The household count in this area has changed from 32,836 in 2010 to 41,677 in the current year, a change of 3.34% annually. The five-year
the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there
projection of households is 47,701, a change of 2.74% annually from the current year total. Average household size is currently 2.72,
were 34,775 housing units in the area - 74.6% owner occupied, 19.8% renter occupied, and 5.6% vacant. The annual rate of change in
compared to 2.70 in the year 2010. The number of families in the current year is 30,246 in the specified area.
housing units since 2010 is 10.58%. Median home value in the area is $283,120, compared to a median home value of $207,344 for the
U.S. In five years, median value is projected to change by 2.86% annually to $325,913.
Data Note: Income is expressed in current dollars Data Note: Income is expressed in current dollars
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.
16 August 01, 2017 August 01, 2017
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©2017 Esri Page 1 of 2 ©2017 Esri Page 2 of 2C O N TA C T Stephen Pharr Kivett Williams 704 367 5015 704 367 5016 spharr@mpvre.com kwilliams@mpvre.com
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