The Shops at Willow Bend - Plano, Texas
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
About Starwood Capital Group (SCG) SCG-Created Platforms Starwood Hotels & Resorts (since A leading private investment firm with primary merged with Marriott Hotels) focus on global real estate Starwood Property Trust iStar Tri Pointe Homes Founded 1991 Starwood Waypoint Homes (since merged with Invitation Homes) $44B of equity capital raised Starwood Land Ventures SH Group Principal Hotel Company $56B of assets under management Starwood Retail Partners (SRP) $94B of diverse assets acquired 29 operating companies created or acquired 3,400 employees + 9,500 additional in portfolio companies 11 worldwide offices STA RWO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
About Starwood Retail Partners (SRP) Other Redevelopments Stony Point Fashion Park 5th largest manager of regional malls in Richmond, VA Chef-driven dining and landscaping the US will join new parks, public art and the only outdoor skating rink in the city 30 properties realizing a vision of diverse, Northridge Mall Salinas, CA multi-use projects that successfully Creating new entertainment and retail uses along with a new, combine retail, dining, entertainment, and relocated JCPenney office into thriving community centers The Mall at Wellington Green Wellington, FL New dining, gathering places and $6B of assets under management services will join a new Paragon Theater MacArthur Center Norfolk, VA A better-tier, limited-service hotel, approximately 175 multifamily residential units, restaurants, and entertainment surrounding a new public square STA RWO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
Dominant retail core for one of the wealthiest counties in the US DENTON, TX MCKINNEY, TX Market population growth more than twice the national average Region’s leading shopping center with PLANO, TX some of the world’s top brands Located at the epicenter of North Dallas DALLAS, TX MESQUITE, TX Undergoing $125M redesign, reinvention ARLINGTON, TX and reimagining 10 MILES The Shops STA R WO O D at T H Willow Bend E CENTER THE M A R K ET Plano, The Shops Texasat Willow Bend
Remaking a Classic for a New Plano A $125 Million redevelopment will make The Shops at Willow Bend: Even easier to see: Reorientation creates greater visibility for this two-level center from the Dallas North Tollway Even easier to access: New access from the frontage road of the Dallas North Tollway Even easier to embrace: Adding restaurants, office, entertainment, a movie theater, fitness and more to create a convenient, safe and entertaining town center STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
DINING & FULL-SERVICE BAR Cinépolis USA is a leading world-class cinema exhibitor that offers guests enhanced movie-going experiences through its “Cinépolis Luxury Cinemas” and “Cinépolis” theater concepts. This will be the first Cinépolis Luxury Cinema in the world to feature an Imax theater as well as a Cinépolis Junior auditorium. Sit back. Relax. Escape. STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend JUNIOR THE
One of just four in the US, this is where the magic of Crayola comes to life. At 60,000 SF, with 22 hands-on attractions, Crayola Experience is Texas’ most colorful family destination for interactive, creative play! Only the third in DFW Life by Equinox. Unrivaled fitness classes. Unparal- leled personal training. Studios that inspire you to perform and luxury ameni- ties that keep you at your peak. It’s more than a fit- ness club. It’s life. STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
The Master Lease Plan Level One 60,000 SF ONE LEVEL Approximately 420,000 SF OFFICE TOWER TRUCK DOCK #3 20,700 SF (200,00 GROSS SF) FIRE STORAGE /EL EC. RM. COMMAND CENTER ATM of mixed-use space, for a VALET RO OM . STROLLER/WHEEL FOREVER 21 STARBUCKS RM SPECTRASITE P CHAIR STORAGE WOMEN SPRINKLER M ROOM VALVE RM. PU RE FI more tailored and unique W FOREVER 21 MEN OFFICE POST M TE L. EL EC W . . Z GALLERIE consumer experience, to EC PHIL’S PHILLY (P) EL L. TE TUSCANY CHOCOLATES R. M JEWELLERS ST O SONIC (P) G ELEC. KT M ROOM IN include: TE RN PREMIER L CHICK-FIL-A JAN. ET 4668 RE C CUTLERY A A PP FE COLLECTION A & ’S BO N 66 250,000 SF RE O T C 46 BU CHINA EXPERIENCE KS D U THREE LEVELS IL 4536 LI ES G SPECIALTY MATTRESS / BEDDING IMPORTED RUGS N H IN A C O GREAT RY ER TH SH 60,000 SF Crayola family 240,000 SF AMERICAN / C AT Y ’S TA LA W ER N COOKIES BL IR EV THREE LEVELS RE BURGERIM (P) E ES D TO / IL D ES H P LI C A HO D V JO S LENSCRAFTERS KIDS’ SHOES TOYS BR S IC N I- IC TO U RN entertainment venue LT T PRETZELS U LE RI EY SUNGLASS HUT A’ M TH TENANT S S A CHILDREN’S INTERNATIONAL SE ED SE RE S STORAGE Y STORAGE (P) BE ING N R LUXURY HAIR SALON APPAREL C PH S) RE ND (P D ROOMS IO SO RE O ) EM TH ES U RA AT ES T RA (P PR IS -B ST C C CELLAIRIS LIDS ) W X LE L K BO OM A ( E T H BA C M JA RE O EN A LO 50 BATH & BODY WORKS T S ’S D 46 G N GNC JUICE BAR SH PATIO A N Y BRIDGE DESIGNER IE S T I CY A T LEATHER GOODS 35,000 SF Equinox club O T DY C IAL EN N ES B AT C ATM COLLECTIBLES JA EC M IO LES DUAL-GENDER & HANDBAGS / IP JOHNSTON & N SP ORIGINS U AVEDA A CALIFORNIA PIZZA BRIGHTON EQ RY KITCHEN M MURPHY AC EE FF EYEWEAR TEL . EL EC. O MITCHEL GOLD + C CULINARY / TEL. ELEC. BOB WILLIAMS WATER KITCHEN SERVICE FL 40,000 SF Cinépolis luxury CRABTREE & AG MAIN ELEC. RM. EVELYN LE SH SWAROVSKI 5626 V IP EE / 4622 ZAGG EL R FF R O A ESSENTIAL O ET C EB N A OILS E IL IC COFFEE / WINE JU cinema with an Imax and a L'OCCITANE EN PROVENCE JUSTICE BROOKSTONE ZALES JEWELERS GODIVA CHOCOLATIER APPLE BOSE WATCHES TI O Cinépolis Junior auditorium M A PA LL EN TR MARKET LUSH FRESH Y BAREMINERALS HANDMADE COSMETICS COSMETICS STORAGE SHOP-IN-SHOP TENANTS Armani SEAFOOD / RAW BAR 70,000 SF dining district with up to nine exciting PATIO Chanel Christian Louboutin TE Gucci PA MANAGEMENT OFFICE L. EL TI STORAGE AREA Hermes EC O . Louis Vuitton O Prada TI restaurants Robert Graham PA T TRUCK DOCK #5 LE PA VA TI ASIAN BISTRO / O ITALIAN PATIO 20,000 SF Plano Children’s PA TI PA O TI O M PA A TI RE O C E C Theater /I KE PO “RIDESHARE LOCATION” 150,000 SF THREE LEVELS 200,000 SF Class A office L TE O H E U Q TI U BO STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
The Master Lease Plan Level Two PARKING COMMON CORRIDOR DECK 21 ER V RE FO WILLOW BEND WILLOW BEND ATM WILLOW BEND CENTER FOR CENTER FOR CENTER FOR PERFORMING ARTS PERFORMING ARTS PERFORMING AREA “A” AREA “B” ARTS W AREA “C” H IK M IN G / CONTEMPORARY C TE MKTG. STORAGE/ A VALLEY L. YOUNG ADULT FACILITIES STORAGE/ M EL PI JEWELERS EC SHOPS N . TELEPHONE STORE G WORKOUT APPAREL ATHLETIC SHOES & / . ACCESSORIES BOOTS EC O EL U L. TD TE O O CANDIES EXPRESS (P) FACILITIES STORAGE/ R R EA SHOPS SW A RT N TH O SP RO D LT PO EN U ER G AD LO A G G U N IE D OU L- N O 250,000 SF Y TT O THREE LEVELS C SUNGLASSES LT C MOBILE PHONE MATTRESS U O D N TA 240,000 SF A TE LB G M N O THREE LEVELS U PO T’ LO YO RA S FT RY W D218 O M EN L J. VITAMIN WORLD RE ’S JI LL A PP A ENTERTAINMENT A N WOMEN’S DESIGNER ATHLETIC APPAREL & SNEAKERS EN N TA 13,730 SF TE EV ) YL (P ER (INCLUDING PATIO) O S R EV ER SPORTSWEAR UPPER LEVEL E WOMEN’S WEEKEND DESIGNER SHOES & H D BANANA REPUBLIC EC H&M H&M ES VINEYARD VINES SK IG ES MEN WOMEN PA N FRANCESCA’S SS PY ER W CATALOGUE LA RU D HANDBAGS H&M O EN G S M N KIDS EN IM SU ARITZIA DENIM ES TH ’S EYEWEAR C E W N W EE RA T E L . E L E C. A KE AG JE LK N PATIO W IN D FR ) E LEC. TEL . (P EL G C S RY ER O . EL W ELECTRIC SWITCHGEAR JE ROOM Y KA FLAGSHIP RETAIL TROLLBEADS COSMETICS APOTHECARY SHOES, & BOOTS MEN’S APPAREL, ) (P IL TA BROOKS ) (P RE BROTHERS ALLEN EDMONDS IP HOME FURNISHINGS SH ) (P AG FL A RT IS FRAGRANCES DESIGNER SHOES TR M EC A R Y H EA SA A N IC LO A L N SE A FO SHOP-IN-SHOP O BLOW-OUT BAR D TENANTS / RA Brunello Gucinelli W Escada BA PA R Rag & Bone TI TE O L. Roberto Cavalli EL M EC EC A R Theory . H EA A N IC Valentino A L A SI A TA N LI I BI AN ST PA RO TI / O PA TI O PA 150,000 SF BA TI R O THREE LEVELS C EN TR IC M EC A R H EA A N IC A L STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
Plano’s most dynamic shopping experience, in an intimate setting Home to the only Neiman Marcus in North Dallas Eight access points from three major highways and other major roadways $125 million renovation will bring additional entertainment, dining, fitness and offices Property Description major roads Dallas North Tollway, Sam Rayburn center description Mixed-use center with two-level enclosed mall Tollway, President George Bush anchors Neiman-Marcus, Dillard’s, Macy’s Turnpike, West Park Boulevard key tenants Crate & Barrel, Bose, Apple, Hollister, PINK, total sf 1,395,000 Anthropologie, Forever 21, Brooks Brothers, # of stores 150 Restoration Hardware, LOFT, Vineyard Vines, # of parking 6,800 LUSH, MAC, Sephora, and Aritzia STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
All that talk about malls needing to reinvent themselves is coming to life in Plano at The Shops at Willow Bend. —Dallas Morning News, 2018 STA R WO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
30 minutes from DFW, the fourth busiest airport in the US Situated at the heart of the Dallas North Tollway More than 210,000 daytime employees within 5 miles Watch our Willow Bend video here Within five miles: 32,900 households earn $150,000+ 3 of 4 workers occupy white-collar positions $123,500 average income by 2023 Affordable, with a median home value of $293,600 STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
FRISCO 24 MILES Distance to Competition Galleria Dallas Driving – 8 mi, 20 min The Platinum Stonebriar Centre Northpark Center Corridor Driving – 15 mi, 33 min The Shops at Legacy / The Shops at Legacy Legacy West Legacy West Driving – 4 mi, 9 min Stonebriar Centre Dallas North Tollway Driving – 6 mi, 10 min West Park Blvd 138,600 AADT LEWISVILLE 40,300 AADT The Shops at Sam Rayburn Tollway Willow Bend 146,200 AADT HEBRON Midway Road PLANO 31,800 AADT Dallas North Tollway 171,100 AADT President George Bush Turnpike 147,700 AADT COPPELL CARROLLTON Legend ADDISON AIRPORT Primary Trade Area DFW INT’L AIRPORT Secondary Trade Area RICHARDSON Competition Access Roads Galleria Dallas (AADT= annual average daily traffic) Northpark Center (Dallas) 3 MILES STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
Fannie Mae Intel Security Siemens PLM Software NTT DATA Services Rent-A-Center (HQ) FedEx Office & Print Services PepsiCo Capital One Finance A Headquarters for Jobs Toyota Motor North America Alliance Data Systems (HQ) JC Penney (HQ) Boeing Global Services Frito-Lay Dr Pepper Snapple Group (HQ) Divison (HQ) Bank of America Ericsson Hewlett Packard Enterprise Home Loans DXC Technology Alliance Data Systems (HQ) Pizza Hut Yum! Restaurants Cinemark Holdings (HQ) – Boeing Global Services Division (HQ) Dr. Pepper Snapple Group – JP Morgan Chase (HQ) – Liberty Mutual Insurance Company JCPenney (HQ) Rent-a-Center (HQ) Liberty Mutual Insurance Call Center Capital One Finance Cinemark Holdings (HQ) CIgna Intel Security Texas Health Presbyterian Hospital Hewlett Packard Enterprise Liberty Mutual Insurance 544 289 Company The Shops at United Health Group, Student Resources Willow Bend Siemens PLM Software Nokia State Farm Insurance PepsiCo (Richardson) Cigna Medical City Plano Toyota Motor North America Hyundai Capital America The Heart Hospital Baylor Legend Nokia Primary Trade Area Transamerica Insurance Key Employers 1 MILE Net Scout Systems State Farm Insurance Operations Center STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
Liberty High School Chapel Creek Frisco Lakes GC (Frisco ISD) Sterling Ranch – Starwood East Collin College Cheyenne Village – Starwood West (McKinney) An Enviable Market With dozens of distinct Ridgeview Ranch GC neighborhoods, ranging from ultra-luxury to Twin Creeks GC affordable, this market is Old American Golf Club Stonebriar Centre home to thriving young Stonebriar North The Tribute at The Colony GC Preston Hollow families, affluent empty Stonebriar Country Club nesters and professional singles. Legacy West Private golf clubs, and a Renaissance Dallas at Plano The Colony High School Legacy West Hotel Denham Village – Whiffletree host of impressive public SMU-Plano (Lewisville ISD) Preston Meadows Centennial High School (Frisco ISD) and private schools, Kings Ridge – Schoal Creek West Montessori School abound in this dynamic, Kings Gate Avignon Spring Creek Academy and enviable, market. Great Lakes Academy Lakeside on Preston White Rock Creek Estates Cypress Point West Senior High School Bethany Christian School The Lakes at Castle Hills (Plano ISD) Legend Preston CC – Hills Willow Bend Hills of Prestonwood Willow Bend Academy – Plano Primary Trade Area Hebron High School (Lewisville ISD) Fusion Academy – Plano Gleneagles Country Club Plano Senior High Coyote Ridge GC Prestonwood Christian Academy Secondary Trade Area Gleneagles School (Plano ISD) The Shops at Yorktown Education Holiday Inn Affluent Neighborhoods Willow Bend Express & Suites The Einstein School Plano East Private Golf Courses John Paul II High School Residence Inn Dallas New Hotels Plano/Richardson Residence Inn Dallas Creekview High School Plano/Richardson Private Schools, K–12 (CFB ISD) Bent Tree North at Coit Rd Courtyard Dallas Bent Tree West Ann & Nate Levine Plano/Richardson Dallas Baptist University Oakwood Canyon Creek GC Canyon Creek Public Schools, K–12 (2,000+) Academy (Dallas) Christian Academy Bent Tree Country Club Colleges Preston Trail GC Combined college enrollment: 68,000 Brookhaven College Richland College (Farmers Branch) (Dallas) 1 MILE Newman Smith High School (CFB ISD) ADDISON Pearce High School (Richardson ISD) AIRPORT STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
North Texas is the 6th largest retail market in the US —The North Texas Commission, 2018 Dallas-Plano-Irving ranked #1 Best City for Jobs —Forbes, 2018 Plano ranked #3 Best Place in US to raise a family —Niche, 2018 Know the Visitors 140 hotels with more than 17,000 rooms 13 professional sports teams including within 10 miles the Dallas Cowboys World HQ just 7 miles away More than 12 million business visitors to the metro area annually 8 new hotels in Plano, in 2017 and 2018 including the new Renaissance Dallas Collin County ranks 8th in the state for visitor spending — The North Texas Commission, 2017 STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
MCKINNEY Large And Getting Larger MCKINNEY North Texas NAT’L AIRPORT 289 Region estimated to grow to 7.9M people by 2020 and FRISCO 10M by 2030 Plano is the region’s 4th largest city ALLEN Trade Area Stonebriar Centre Ranked best communities 15 MILES for education and young Legacy West The Shops at Legacy families in America 10 MILES The Shops at Population of 1.6M Willow Bend projected to grow 9% by 5 MILES 2023 HEBRON More than 300,000 PLANO children age 5 to 17 FLOWER MOUND 200+ public schools located in Plano and I-35E ADDISON 78 AIRPORT adjacent school district CARROLLTON — The North Texas Commission, 2017 121 COPPELL RICHARDSON Legend Trade Area Population Density per SqMi Galleria Dallas FARMERS Trade Area Boundary BRANCH GARLAND Over 4,000 DFW INT’L 3,000 to 4,000 AIRPORT I-635 2,000 to 3,000 0 to 2,000 Northpark Center 5 MILES DALLAS LOVE FIELD AIRPORT STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
MCKINNEY A Country in a Region MCKINNEY North Texas NAT’L AIRPORT 289 23rd largest GDP in world FRISCO and 9th in US Ranks 3rd in US metro areas for relocations and business growth ALLEN Stonebriar Centre Median home price is the 4th lowest among top 20 Legacy West The Shops at Legacy 15 MILES US metro areas Trade Area 10 MILES The Shops at Plano ranked among best Willow Bend 5 MILES cities for first-time home HEBRON buyers and working parents PLANO Average household income of $120,300 is 40% FLOWER MOUND higher than US I-35E I-75 78 83,200 households have CARROLLTON incomes $200,000+ 121 ADDISON AIRPORT — The North Texas Commission, 2017 COPPELL RICHARDSON Galleria Dallas FARMERS BRANCH I-635 GARLAND Legend Trade Area Boundary DFW INT’L AIRPORT Competition Hhlds Earning $200,000+ Each Dot = 5 Households Northpark Center 5 MILES DALLAS LOVE FIELD AIRPORT STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
Demographics PTA1 STA 2 TTA3 US Avg Population 2018 estimate 654,827 974,884 1,629,711 Median home value of 2023 projection 711,297 1,069,352 1,780,649 $550,000 within one mile % growth 2018–2023 8.6% 9.7% 9.3% 3.5% Population White 62% 67% 65% 70% 89% of residents hold white By Race Black 10% 11% 11% 13% collar positions within one Asian 17% 11% 14% 6% mile Hispanic Ethnicity 18% 20% 19% 18% Median Age 38 36 37 38 151,000 more people % age 15-24 12% 14% 13% 14% estimated by 2023 % age 25 to 44 29% 28% 28% 26% % age 45 to 64 28% 26% 27% 26% Consumer expenditures Households 2018 estimate 256,938 340,351 597,289 trend 20% – 40% above 2023 projection 278,996 372,201 651,197 the national average for 2018 households with kids under 18 37% 44% 41% 34% apparel, home furnishings, Average 2018 estimate $119,860 $120,591 $120,277 $86,278 restaurants and Household Income % earning $100,000+ 43% 46% 45% 28% entertainment 2023 projection $130,777 $132,828 $131,949 $95,107 Education % with a Degree 58% 54% 56% 39% (Associate to Doctorate) 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,113 6,746 18,541 61,798 Employment daytime employment 15,340 64,972 211,417 741,149 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area STA R WO O D THE CENTER THE MARKET The Shops at Willow Bend
Starwood Retail Partners 5th largest manager of regional malls in the US 30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs 100 million+ combined annual visits $84,600 trade area average household income California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion The Shops at Willow Bend Sarah Burton / Associate, Leasing / 773.541.2852 / Blue Back Square sburton@starwoodretail.com Michigan Virginia Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Bill Cikalo / Senior Director, Big Box Leasing & Development / Westland Mall Montana Washington 312.283.5121 / bcikalo@starwoodretail.com Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall Nebraska Bryant Siragusa / Vice President, National Restaurant and Gateway Mall Entertainment Leasing / 214.771.2003 / bsiragusa@starwoodretail.com Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 12/04/18 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com STA RWO O D THE CENTER T H E M A R K ET The Shops at Willow Bend
You can also read