Aprile Farms Mixed Use Development

Ballantrae
Village
Aprile Farms
Mixed
UseShoppes
Development
S.R. 54 at Ballantrae Boulevard, Pasco County, Florida
Demographics
Population
3 mile
5 mile
2015 Projection
25,204
59,159
2010
20,935
51,679
Median Age
37.6
39.4
2010 Avg HH Income
$70,031
$76,953
January 2009 Postal Counts: Postal Drops = 12, 116
Trade Area Population—28,836 (2.38 ppl per HH)
Property Features
Outparcels, in-line retail and
office components
Approximately 1,125 feet of
frontage on S.R. 54
1.0 mile from Suncoast Pkwy
Signalized intersection
Full Median Cuts
Jim Dunphy
(813) 283-2558
[email protected]
www. DunphyDevelopment.com
All information contained herein has been obtained by the owners and/or other sources deemed reliable. We have no reasons to doubt its accuracy, however we cannot
guarantee it. All property and market information subject to change or withdrawal without notice.
Area Competition & Residential Developments
Site Plan
Jim Dunphy
(813) 283-2558
[email protected]
www. DunphyDevelopment.com
All information contained herein has been obtained by the owners and/or other sources deemed reliable. We have no reasons to doubt its accuracy, however we cannot
guarantee it. All property and market information subject to change or withdrawal without notice.
BALLANTRAE VILLAGE SHOPPES
NEC of State Road 54 and Ballantrae Boulevard
(just east of the Suncoast Parkway)
Land o’ Lakes, Pasco County, Florida
The Site:
In one of the hottest markets in Tampa Bay, the Shoppes of Ballantrae will be
located on the northeast corner of the signalized intersection of State Road 54
and Ballantrae Boulevard in Pasco County, Florida. Ballantrae Boulevard is
approximately 1.2 miles east of the Suncoast Parkway, a major north/south
artery through several counties. The development will include outparcels, inline retail, and an office component.
Visibility:
The site has 1,125 feet of highly visible frontage with excellent access and a
signalized intersection.
Traffic Counts: The four-lane divided highway of S.R. 54 boasts traffic counts of 41,000 cars,
and at ½ mile east of Ballantrae Boulevard, the AADT is still at 39,000. The site
will have full median access at the signalized intersection with corresponding
full median access from Ballantrae at the west end of the site. Additionally,
there will be full median and curb cut access on S.R. 54 at the east end of the
site. There will be cross easement internal access to all parcels.
Demographics: 2010 demographics
2015 projections
3-mile radius – 20,935
5-mile radius – 51,679
3-mile radius – 25,204
5-mile radius – 59,159
Postal Counts: January 30, 2009, postal counts within the determined trade area are 12,116.
Industry standards set the average household at an average of 2.38 people per
household which makes our trade area population 28,836.
Drive Time:
Retailers in
the Market:
The drive time map shows 5, 10, and 15 minute drive times from the site
(household counts from 2008). Within a 5-minute drive time (depicted in gray),
the area population is 10,281, and within a 10-minute driving distance (green)
the population expands to 25,760. The population swells to 122,982 at 15
minutes (blue).
Retailers have stormed into this market, and the list of recognizable names
nearby includes Super Target, Petco, Suntrust, McDonald’s, Starbucks, Chili’s,
and Carrabbas. Publix has opened at Sun Lake Boulevard, approximately one
mile to the east, along with Beef o’ Brady’s, Majik Touch Cleaners, and Great
Clips. Wachovia and Tire Choice occupy two of the outparcels.
Other
Developments: Just across S.R. 54 from our site, T. Rowe Price has submitted plans for a 95acre financial center complex. The plans call for three office buildings with a
total of 450,000 square feet of office space that will ultimately house 1,650
high-paying service personnel.
Approximately 1 mile to the west, at the southeast corner of S.R. 54 and the
Suncoast, The Hogan Group has four commercial office buildings already open in
their North Pointe project, an approved 1,000,000 square foot mixed use
development with office, retail, and hotel components. A Marriott Residence
Inn is part of this development.
At the northeast corner of the Suncoast Parkway and S.R. 54 is a 62-acre
property zoned and approved for 343,520 square feet of commercial
development. The property is currently for sale.
Suncoast Corners, also at the northeast quadrant of the Suncoast Parkway and
S.R. 54, is an MPUD approved for 1.8 million square feet of office, 450,000
square feet of retail, and 780 residential units (600 apartments under hard
contract to Wood Partners and 180 condo/town homes).
Bexley Ranch, approximately 2 miles north of S.R. 54 and directly north of
Suncoast Corners, is a Newland Community development. This 6,781 acre
mixed use project (three phases with the first phase scheduled to begin
12/31/10) will include 7,000 residential units, 400,000 square feet of retail, and
250,000 square feet of office space. The Newland Group has already set aside
land for two additional elementary schools, a middle school, an 18-hole golf
course, and an 80-acre park. A portion of the funding for the extension of
Sunlake Road between S.R. 52 and S.R. 54 came from this future project.
Housing
Information:
In 2008 a housing development study was completed reflecting the activity and
profile summary of all the subdivisions within a 5-mile radius of Ballantrae
Village Shoppes. In summary, the number of occupied homes with direct access
to Ballantrae Boulevard and direct access to this project exceeds 1,246 homes.
Many more will be include in this number when, to the north, Ballantrae
Boulevard will be extended to intersect Tower Road which will intersect Sun
Lake Boulevard to the east. Eventually, this road will connect to U.S. 41 and
Ehren Cutoff Road. The immediate market within a 2-mile radius of our site has
3,926 occupied homes as well as 10,561 future home sites to be built. This
market is considered a high growth area of Central Pasco County. The average
age is 42.8, and the median household income within a 3-mile radius is a very
strong $65,213.
Jim Dunphy CCIM
[email protected]
www.DunphyDevelopment.com
Office (813) 283-2558
Cell (813) 340-1776