THE VILLAGE AT KNAPP S CROSSING GRAND RAPIDS, MI 1
LOCATION Northeast quadrant of Knapp Street & East Beltline (M-44), 49525 SIZA (GLA) 250,000 sq. ft. CONTACT LEASING Sally Barley GLA Retail Consulting, LLC sbarley@lormaxstern.com 312.543.6924 Jennifer SantAmour Lormax Stern Development jsantamour@lormaxstern.com 248.737.7110 WEBSITE www.lormaxstern.com 2
THE VILLAGE AT KNAPP S CROSSING OFFERS RETAILERS THE RARE OPPORTUNITY TO ENTER THE HIGH-INCOME TRADE AREA OF NORTHEAST GRAND RAPIDS. THE NORTHEASTERN SUBURBS ARE UNDERSERVED DUE TO THE LIMITED ENTITLEMENT OF LAND FOR RETAIL DEVELOPMENT. 3
MARKET OVERVIEW METRO GRAND RAPIDS Population: 1,539,802 Median Age: 35.9 Households: 546,316 Labor Force: 791,008 College Enrollment: 87,421 RICH IN ARTS & CULTURE 500,000 + attend annual Art Prize Festival each Fall. 775,000 visitors to the world-renowned Meijer Gardens & Sculpture Park. 9TH FASTEST GROWING ECONOMY IN THE U.S. Advanced manufacturing, aerospace, healthcare, education and life sciences drive the economy. Corporate headquarters to Amway, Meijer, Wolverine, GE Aviation Systems, Tiara Yachts, Herman Miller and Steelcase Furniture 4
RECOGNITIONS AND AWARDS 52 Places to Go in 2016 (#20) New York Times 2016 Best Beer Scene USA Today Readers Choice 2016 Grand Rapids Ranked #1 Place to Visit in the U.S. Groupon 2015 #1 City in the Nation for Greatest Decrease in Unemployment from 2009-2015 Site Selection Group 2015 Top 25 Best Performing Cities in America The Milken Institute 2015 Opportunity City: Places It May Be Easier To Make Your Mark Forbes 2014 Grand Rapids Ranked Top 10 Emerging Cities in the U.S. Global Trade 2014 #3 For Economic Performance The Manhattan Institute 2014 One of America s 10 Most Exciting Mid-Sized Cities MOVOTO Blog 2014 #2 Best City for Raising a Family Forbes 2014 One Of 10 Best Places To Visit In The U.S. Amtrak 2014 7th Happiest City to Work In Right Now Forbes.com 2013 One of Top 15 U.S. Cities With Emerging Downtowns Forbes 2013 Grand Rapids ranks #4 in America s smartest cities Forbes 2013 5
TRADE AREA Located The University on East Beltline of Michigan just north and of Interstate the U-M 96, Health Knapp s System Crossing are serves the high-income and well-educated market of Grand Rapids. Ann Arbor s largest employers, with a combined workforce of more than 28,000. The university has a student population Everyday more than 48,000 cars pass Knapp s Crossing traveling on of East more Beltline than and 38,000 more than at 18,000 its main cars pass campus traveling and on The Knapp Big Street. House, its football stadium, can fit 109,901 fans. World-renowned Healthcare and Meijer technology Gardens & are Sculpture key drivers Park is of only the 1.5 economy. Miles from the site and receives 775,000 visitors annually. Trinity Health and the VA Medical Center are both major World employers Class Golf and Courses numerous and Recreational digital companies Facilities surround are the either site. based in the area or have an office there. These include Over Thomson 14,000 College Reuters, Students Google s are AdWords enrolled within program 5 Miles and from research Knapp s Crossing. and technical facilities for GM and Toyota. Celebration Ann Arbor Cinemas is a hub / IMAX for 18 arts screens and located culture, across with the more street. than 500,000 visitors drawn to the annual Ann Arbor Art Fairs in July, and the internationally renowned Ann Arbor Film Festival held each March. RADIUS 1 MILE 3 MILES 5 MILES 7 MILES The area includes more than 150 meeting places and 4,000 TRADE AREA POPULATION 4,294 8,783 154,770 292,212 hotel guest rooms, serving tour groups, conferences and DEMOGRAPHICS: conventions AVG. HHI and association $134,691 meetings. $82,783 $75,977 $71,738 MEDIAN AGE 38.6 38.4 34.9 34.3 With an average age of 32.9 years old, Ann Arbor s residents have been DAYTIME recognized POP 4,492 for being 43,471 environmentally 183,493 conscious 310,095 and smart. In 2014, Forbes named Ann Arbor the Most Educated City in America. 2016 Projection Source: Nielsen Answers 6
SITE AERIAL MAP 7
THE SURROUNDING TRADE AREA IS DENSE AND CONCENTRATED WITH A DAYTIME POPULATION OF 183,493 ALONG EAST BELTLINE AVENUE. 12 EDUCATIONAL FACILITIES 6 MEDICAL FACILITIES INCLUDING OFFICE, URGENT CARE / HOSPITAL, CLINIC/LABS 4 OFFICE PARKS WITHIN 1/2 MILE OF SITE 2 GOVERNMENT OFFICE BUILDINGS; DISTRICT COURT & IRS 8
OFFICE/MEDICAL/COLLEGE DAYTIME POPULATION MAP 9
THERE ARE A MULTITUDE OF RECREATION OPPORTUNITIES FOR THE ACTIVE-MINDED AND ADVENTUROUS 4 SKI RESORTS, 1 WITHIN 8 MILES OF SITE 42+ GOLF COURSES 48+ PARKS AND NATURE PRESERVES COUNTLESS LAKES AND RIVERS 10
RECREATION MAP 11
RETAIL COMPETITION 12
RETAIL COMPETITION MAP 13
RENDERINGS 14
PROPOSED PHASE 2 15
PROPOSED PHASE 3 16
lormaxstern.com 17