PARHAM & QUIOCCASIN ROADS HENRICO (RICHMOND), VA

Transcription

1 PARHAM & QUIOCCASIN ROADS HENRICO (RICHMOND), VA

2 THE FUTURE OF REGENCY: Endless Possibilities MALL INFORMATION Location Market Description Anchors Zoning B miles south of I-64 at exit 181 in Richmond, VA Located in a retail hub including Walmart, BJ s Wholesale, Kroger, Fresh Market, and Petco Richmond MSA (1.3 million in population). Regency is centrally situated to attract shoppers from the most affluent residential areas in the Richmond Market. Within the center s five-mile radius the average household income is $103,209 and population of 199,161. Two-level, enclosed, regional center. Redevelopment will combine the existing mall with exterior restaurants, entertainment and retail incorporating a residential and hotel component. JCPenney, Forever 21, Sephora, and Regal Cinemas (coming soon) Total Retail SF Site Size Parking 865,000 SF proposed at redevelopment 46 acres Over 3,500 spaces on site CURRENT SELECT TENANT ROSTER

3 Demographics Location, Location, Location Parham Road is a major internal loop connecting I-95/I-64 with the Powhite and Chippenham Parkways, allowing easy access to both north and south of the James River with a traffic count exceeding 35,000 vehicles per day and over 50,000 VPD at the intersection. Not only does Regency offer access to a close (7-minute drive time) population with average household incomes nearing $95,000 and over 100,000 in daytime population, it also offers access to five of the nation s Fortune 1000 companies, three hospitals and the University of Richmond s 4,350 students. VCU s campus is within 12 minutes and adds an additional 32,000 student shoppers. Drive Time Map 137,176 7-MINUTE POPULATION 12-Minute Population: 363, , Minute Population: 546, MINUTE PROJECTED POPULATION 3-MILE No. of Households: Avg. HH Income: RADIUS 33,302 $102,045 $2.68 B 5-MILE 2017 RETAIL EXPENDITURE DRIVE TIMES 7 Minute 12 Minute 15 Minute 2017 Estimated Population 137, , , Projected Population 142, , , Households 56, , , Projected Households 59, , , Average Household Income $101,087 $94,218 $86, Projected Household Income $125,170 $116,858 $107,469 Daytime Employees 104, , ,718 RADII 1 Mile 3 Mile 5 Mile 2017 Estimated Population 12,380 82, , Projected Population 12,877 85, , Households 4,969 33,302 82, Projected Households 5,228 34,826 85, Average Household Income $78,888 $102,045 $103, Projected Household Income $97,047 $125,634 $128,737 Daytime Employees 6,619 57, ,855 CONSUMER EXPENDITURE 1 Mile 3 Mile 5 Mile 2017 Retail Expenditure $135 M $1.07 B $2.68 B TRADE AREA PROFILE 2017 Estimated Population 720, Projected Population 767, Households 296, Projected Households 312, Median Age Average Household Income $85, Projected Average Household Income $106,174

4 Redevelopment Plan

5 Level One Merchandising Plan & Proposed Future Tenants Merchandising Legend (Coming Soon) Apparel/Shoes/Accessories Home/Gifts Services Food/Entertainment To be demolished Holly Hill Road Site Plan Holly Hill Road Shop Space

6 Level One Existing Lease Plan

7 Level Two Merchandising Plan & Proposed Future Tenants Merchandising Legend Apparel/Shoes/Accessories (Coming Soon) Home/Gifts Services Food/Entertainment To be demolished

8 Level Two Existing Lease Plan

9 Location Richmond, MSA Location Virginia State Location University of Richmond Virginia Commonwealth University State Capitol Driving Distance to Nearby Cities CITY Richmond, Virginia (CBD) Lynchburg, Virginia Roanoke, Virginia Washington D.C. Virginia Beach, Virginia Raleigh, North Carolina TIME 7 minutes 2 hours, 3 minutes 2 hours, 42 minutes 1 hour, 26 minutes 2 hours, 2 minutes 2 hours, 41 minutes

10 The Future Vision of Regency The Possibilities are Endless

11 Conceptual Renderings Level One New Park/Activity Area PROPOSED RESIDENTIAL PHASE II

12 Conceptual Renderings Level Two New Activity Entrance Feature PROPOSED RESIDENTIAL PHASE II

13 Conceptual Renderings PROPOSED RESIDENTIAL PHASE II

14 Conceptual Renderings

15 Proposed Residential Phase II CHILDREN S PLAY AREA CONCEPT LOUNGE AREA CONCEPT

16 Interior Renovation Concepts Center Renovation & Redevelopment Regency is in the beginning stages of an exciting multi-million dollar renovation and redevelopment which is underway. These improvements will transform the entire center and its driving patterns, creating a unique shopping, dining, and entertainment destination. The Vision Comes to Life CHILDREN S PLAY AREA CONCEPT Redesigned to attract shoppers from throughout Richmond, exciting enhancements to the center include: Interior renovations allowing more natural light and creating an open-air feel while maintaining confined space An expanded Center Court with an abundance of large, comfortable soft seating areas, a contemporary Food Court with fast casual and specialty food shops, a new Play Area, free WiFi, and charging stations New national and local retailers and restaurants with unique storefront facades and backlit signage New floor finishes, lighting, and color palettes CLERESTORY CONCEPT Updated restrooms, family restrooms and a private nursing room LOUNGE AREA CONCEPT THEATER CONCEPT Vibrant new streetscape along with newly configured and landscaped parking areas Improved center visibility, along with a new and expanded signature center entrance Demolition of existing entrance ramp and new signalized shared entrance with Walmart and Petco Center Major improvements include new drive lanes to enhance access to new stores and center entrances, improved traffic flow, new landscaping and enhanced lighting.

17 Regency 1420 N. Parham Road Richmond, Virginia (804) OWNER/AGENT Leasing CONNIE JORDAN NIELSEN (804) NICKI JASSY (804) PAM STRIEFFLER (804) Specialty Leasing MARY WARREN (804) General Manager STEVE BONNIVILLE (804) Although the information contained herein was provided by sources believed to be reliable, Thalhimer makes no representation, expressed or implied, as to its accuracy and said information is subject to errors, omissions or changes.

18 RETAIL FOR LEASE Chipotle/MOD Building at Regency Parham Road Richmond, VA Property Features 2,426 SF Available Pad at Regency Mall Share building with Chipotle & MOD Delivery July 2018 Great visibility, co-tenancy and traffic Signalized intersection with WalMart & Starbucks DELIVERY JULY 2018 Demographics May Mile 3 Miles 5 Miles Population 11,850 81, ,618 No. of Households 4,821 33,151 83,754 Avg. HH Income $76,578 $97,509 $98,519 Daytime Population 14,776 99, ,686 Nearby Retailers Join

19 RETAIL FOR LEASE Chipotle/MOD Building at Regency Parham Road Richmond, VA

20 RETAIL FOR LEASE Chipotle/MOD Building at Regency Parham Road Richmond, VA North Elevation Progress Photo 5/30/2018

21 RETAIL FOR LEASE Chipotle/MOD Building at Regency Parham Road Richmond, VA

22 RETAIL FOR LEASE Chipotle/MOD Building at Regency Parham Road Richmond, VA For more information, contact: CONNIE JORDAN NIELSEN Senior Vice President NICKI JASSY Senior Vice President PAM STRIEFFLER Vice President Thalhimer Center W. Broad Street Glen Allen, VA Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Thalhimer No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.