Lars R. Kerstein PHILADELPHIA, PA

Transcription

1 Lars R. Kerstein HILALHIA, A

2 South Quarter Crossing is a 1,000,000 square foot project that mixes renowned national anchors with top-performing local merchants, all in a uniquely convenient location between two thriving job cores of hiladelphia. The combined hybrid of two already successful shopping centers, this retail destination acts as the cornerstone for hiladelphia s new South Quarter neighborhood, a region that features unprecedented new opportunity for prospective tenants through anchor, junior-anchor, pad and shop leasing offerings. With close proximity to multiple highways and within a trade area boasting a daytime population of over 800,000, South Quarter Crossing is poised to be an unparallelled lifestyle destination that serves both the existing community and enables additional growth through creating a suite of on-site multifamily residences. The resulting mixed-use development is a dynamic hub for a vibrant community that is unique to South hiladelphia. 2

3 AV N LA O 76 22N ST 4,770 Residents 95 LIN ST S BU UM L CO R 63 B R GH BL V Girard states BROA ST A SS YU N K AV NIGHBORHOO SOTLIGHT O W V BL ORGO N AV 76 S Refinery 500 mployees 611 NGT ON A V SSI acker ark 2,450 Residents 291 Citizens Bank ark ATTIS 2,000,000 Annual Visitors ON AV Lincoln Financial Field Wells Fargo Center 850,000 Annual Visitors 95 1,000,000 Annual Visitors The Navy Yard ,000 Annual Visitors 11,000 mployees acker Ave Marine Terminal 5,000 mployees 3

4 ATA i-76 route 7 4

5 VIW FROM W. ORGON AVNU LOOKING NORTHWST 5

6 SOUTH QUARTR: OVRALL STRT LAN xisting Anchor SCHUYLKILL XRSSWAY A 1 B C NIC S 23rd Street F H G S 24TH STRT ASSYUNK AVNU I RTAIL: xisting Jr. Anchor xisting Shop Space xisting ad Available Retail ylon Sign program New Retail: 262.6k sf xisting Retail: 504.4k sf Total Retail: 768.0k sf OFFIC: 2nd Level Office Loft: 26.6k sf RSINTIAL: (75 du): 70k sf W ORGON AVNU W SHUNK STRT GIRAR ARK F (135 du): 116k sf Total Residential: 186k sf ARKING: Surface: 3,192 ps Below Grade: 150 ps Total arking: 3,342 ps 6

7 SOUTH QUARTR CROSSING: STRT LVL xisting Anchor Residential ramp down to parking below Shared loading 2nd level office loft/studio space core Residential core/ lobby Via Via Residential core/ lobby W ORGON AV NIC ps 24.7k sf S 23R STRT 18ps F-9 F-8 F-7 F-6 F-5F-4 F-3 F-2 F-1 75 ps 19 ps 2.1k sf F W SHUNK STRT k sf 198 H 313 ps G S 24TH STRT 9k sf ps 284 ps 33k sf I xisting Retail 42k sf ASSYUNK AVNU xisting Jr. Anchor xisting Shop Space xisting ad Residential Available Retail Office ylon Sign program RTAIL: Anchor (at grade): New Street Retail: LA Fitness: Shoprite: New ad: xisting Retail: Total Retail: OFFIC: 2nd Level Office Loft: RSINTIAL: (75 du): F (135 du): Total Residential: ARKING Surface: Below Grade: Total arking: 24.7k sf 42.3k sf 32k sf 75k sf 2.1k sf 75k sf 251.1k sf 26.6k sf 70k sf 116k sf 186k sf 937 ps 150 ps 1,087 ps 5-story apartments 15 du/level 75 du 2nd level office lofts/studio space 5-story apartments 27 du/level 135 du S W ORGON AV 26.6k sf UR LVL 23R STRT F W SHUNK STRT 75k sf 340 & F RTAIL ROGRAM -1: 8.5k sf -2: 2.2k sf -3: 2.2k sf F-1: 3.8k sf F-2: 2k sf F-3: 2k sf F-4: 1.2k sf F-5: 1.2k sf F-6: 2.7k sf F-7: 2.5k sf F-8: 2.8k sf F-9: 2.2k sf 7

8 SOUTH QUARTR CROSSING: TH ALLY Residential Available Retail Shop Rite 211 ps 24.7k sf k sf k sf k sf ps S 23R STRT 18 ps W ORGON AV F-9 2.2k sf 60 F-8 2.8k sf F-7 2.5k sf F-6 2.7k sf 60 F-5 1.2k sf F-4 1.2k sf F-3 2k sf F-2 2k sf F F-1 3.8k sf W SHUNK STRT 75 ps 8

9 SOUTH QUARTR CROSSING: STRT LVL SCHUYLKILL XRSSWAY 343 ps C-1 17k sf C-2 8.5k sf C-3 15k sf C C-4 18k sf 172 ps C-5 22k sf 300 ps 217 ps ps S 24TH STRT xisting Anchor xisting Jr. Anchor xisting Shop Space xisting ad Available Retail ylon Sign A 262 ps 53 ps S 23R STRT 1 6k sf 2 12 ps ps program RTAIL: xisting Retail: New Retail: New ad: Total Retail: ARKING Total arking: 431.4k sf 80.5k sf 6k sf 517.9k sf 2,255 ps 484 ps B 282 ps W ORGON AV S 23rd Street 9

10 SOUTH QUARTR CROSSING: RTAIL C xisting Anchor Available Retail 343 ps C 148 C-1 17k sf 98 C-2 8.5k sf C-3 15k sf C-4 18k sf C-5 22k sf ps 282 ps 10

11 WASHIN GTON AV 4TH ST TRA ARA ST 5TH ST SOUTH BROA ST 22N roposed 76 Walmart A S SY UN K AV ST 95 ORGO N AV roposed ATTIS 291 ON AV 95 11

12 with over 800,000 sf of new and existing retail options, south quarter crossing will be philadelphia's largest collection of open-air merchants. location details Located at I-76 off ramp and intersection of West assyunk, South 24th Street and West Oregon Avenue Centrally located between employment hubs S Refinery, The Navy Yard and acker Avenue Marine Terminal Convenient access to hiladelphia International Airport property ±805,000 square feet of retail ±27,000 square feet of office ±210 apartments 9 current anchors Over 45 retailers National, regional and local tenant mix 153,000 square feet available for lease trade area demographics Residential opulation - 168,865 Average Household Income - $61,282 mployee and aytime opulation - >800,000 transit stats 10 total bus stops (2 routes) in, and adjacent, to property o Ranked 7th and 44th respectively out of 81 total city routes o 19,229 total weekly ridership Traffic Counts: o Oregon Avenue - 19,469 V o I ,300 V hospitality Over 700 hotel rooms (200 planned) in immediate area Over 3,850,000 annual visitors to events at the sports complex o Wells Fargo Center o Citizens Bank ark o Lincoln Financial Field 12

13 lars r. kerstein Cedar Realty Trust Vice resident, evelopment Leasing 415 gg Harbor Road, Suite 21A Sewell, NJ ehud kupperman Cedar Realty Trust Vice resident, evelopment 44 South Bayles Avenue ort Washington, NY jim p. creed ii CBR First Vice resident 625 West Bridge ike Building A, Suite 100 Conshohocken, A jim.creed@cbre.com steve gartner CBR Managing irector 625 West Bridge ike Building A, Suite 100 Conshohocken, A steven.gartner@cbre.com