vision defines opportunity - Touma Real Estate Holdings

vision
defines
opportunity
A growing, vibrant region
in the heart of downtown
huntington, west virginia
awaits your impact.
welcome to the neighborhood
Downtown Huntington, West Virginia
is growing and vibrant. Within the
past ten years, the growth has been
outstanding.
OHIO RIVER
AMPHITHEATER
Anchored by the multi-million dollar
retail, dining and entertainment
complex, Pullman Square, the
downtown region has seen a
resurgence in traffic, destination
events and economic impact.
49 50
1
63
7
43
64
53
9
Over 70% of the businesses listed in
the directory on this page have been
established in the past decade.
VISUAL
ARTS CENTER
22
60
41
40
32
12
62
20
19
21
61
35
DINING
SHOPPING/
RETAIL
ENTERTAINMENT/
NIGHT LIFE
LODGING
BANKS/
GOVERNMENT
PARKING
BIKE LANES
DINING
21 at the Frederick ............................23
Applebees .......................................36
The Bodega Market & Cafe ................41
The Cellar Door ................................18b
Cold Stone Creamery ........................8
Crumpets and Tea .............................22
Elk’s Club ........................................33
Edible Arrangements .........................9
Five Guys Burger and Fries .................12
Hibachi’s..........................................6
Huntington’s Kitchen ..........................19
Jim’s Steak and Spaghetti ..................28
Le Bistro ...........................................18a
Let’s Eat ...........................................35
Marshall Hall of Fame Cafe ................4
Max and Erma’s................................10
Mulberry St. Meatball Co. and Deli .....40
NY Bagel .........................................24
The Old Village Roaster ....................27
Patio Room .......................................31
Paula Vega Cakes ............................17
Prime on 4th ......................................20
Pullman Pub and Tapas Grille .............30
Red Lobster ......................................29
Rio Grande Restaurant ......................21
River and Rail Bakery .......................34
Rooster’s ..........................................11
Schlotzky’s .......................................5
Slyce Pizza Company ........................37
Starbucks .........................................15
Taste of Asia .....................................3
Thai House .......................................13
Tropical Moon Frozen Yogurt .............25
Uno Chicago Grille ...........................2
Vic’s Ivy Cuisine ................................26
SHOPPING/RETAIL
All About You ...................................48
Amitie Salon and Aesthetics................33
AT&T ...............................................19
Baseball Cards and More ..................1
Birds of a Feather ..............................49
Bottle and Wedge .............................45
downtown
huntington
Bow Love .........................................32
Brand Yourself ..................................50
Butter It Up ......................................47
C.F. Reuschlein Jewelers ....................23
Chico’s ...........................................13
Common Ground ..............................46
Cinema Barber Shop .........................42
Custom Framing by Jenks ..................28
Dan’s Sporting Goods ......................59
Empire Books and News ...................14
Game Stop ......................................15
George’s Tailoring .............................37
Glenn’s Sporting Goods .....................43
Goodyear ........................................55
GNC ...............................................64
Hometown Hobbies ...........................57
Huntington Ink .................................10
JoS. A. Bank ....................................12
LaFontaine’s Tobacco and Wine ..........41
Lamb’s Gate Market .........................51
Mack & Daves .................................38
Mackenzie-Dow Fine Furniture ...........22
Mug & Pia .......................................21
M&M Salon .....................................63
Now Hear This .................................56
NTelos ............................................24
Old Main Emporium .........................60
Pet Palace .......................................8
Purple Earth Comics .........................61
Rare Drops ......................................62
Red Caboose Gift Shop .....................44
Room 2 Create ................................2
Runway Couture ...............................17
Saad’s Oriental Rugs ........................25
Sarka/Kaufman Jewelers ...................35
Sprint .............................................4
T.K. Dodrill’s Jewelers .......................7
Travel Doctors Travel Agency ..............34
Travis and Hair Associates .................54
Unique Treasures...............................58
Verizon ...........................................3
Village Collection .............................26
Watercolor Dreams Gallery ................53
Wellman O’Shea’s Jewelers ................40
White House/Black Market ................20
Wright’s ..........................................30
WV Business Products .......................39
ENTERTAINMENT/NIGHTLIFE
Big Sandy Superstore Arena ...............1
Brown Dog Yoga ...............................14
Evolve..............................................19
Hank’s Wallstreet Tavern ....................12
Hank & Steins ...................................16
Huntington Dance Theatre ..................20
Jeslyn’s Performing Arts Center ............10
Jockey Club ......................................8
Keith Albee Theatre ...........................9
The Lantern.......................................4
The Pottery Place ..............................6
Pullman 16 Marquee Cinemas ............5
Sharkey’s Bar ...................................11
Sip Wine Bar....................................13
St. Marks ........................................7
Summit Beer Station ...........................15
The Union Pub & Grill .......................17
The Vapor Bar ..................................21
Wine & Design .................................18
LODGING
Holiday Inn & Suites ..........................1
Pullman Plaza Hotel ...........................2
BANKS/GOVERNMENT
Cabell County Courthouse ..................1
Cabell-Huntington Convention &
Visitors Bureau ..................................8
City Hall ..........................................2
Community Trust Bank ........................4
Chase Bank ......................................7
First State Bank .................................5
First State Bank Drive-Through .............6
Huntington Regional Chamber of
Commerce .......................................9
Public Library....................................3
Visitors Center ..................................8
58
59
In addition to Pullman Square, the
downtown Huntington region includes
two large hotels; a convention center
that is home to numerous concerts,
events and meetings; ample parking;
Marshall University; a large city-run
park with marine access; and much
more.
The momentum is strong and the
opportunity great.
welcome to the neighborhood
you are
here
trading
area
The “tri-state” is an area that is defined
by the cities of Huntington, WV; Ironton,
OH; and Ashland, KY. Together, those
three cities and the area enveloped
in them boast a population of over
365,000. The median age is 40.4 and
the workforce is over 125,000 strong.
The Charleston - Huntington MSA,
while a good indicator of the immediate
trade area from which Pullman Center
and Pullman Plaza will draw, is not a
true indicator of the dimension of the
market area for this project. Based on
the information we gathered through
customer intercept interviews and license
plate surveys, we have defined a custom
trade area that more accurately reflects
where customers will be coming from.
$
The Custom Trade Area has a population
base of about 570,000 persons and
220,000 households. This is significantly
larger than the MSA.
INCOME
Median household
income 2009-13:
$38,374.
BUSINESS
safety
Like many other
cities, our region
has shifted from an
industrial landscape
to professional
service, education and
healthcare
The crime rate in our
area is very low. Our
citizens are safe and
protected.
education
Our region has strong
public & private
schools, a major
university, branch
campuses, community
& technical colleges
and vocational
training.
The Custom Trade Area reaches beyond
the MSA to include the cities of Gallipolis
and Portsmouth, Ohio; Ranger, Dunlow,
Kermit, and Williamson, West Virginia;
and Pikeville, Paintsville, Prestonsburg,
and Morehead, Kentucky. This area of
influence reaches roughly half the way
to Charleston, West Virginia, one hour
away; Chillicothe, Ohio, two hours away;
and Lexington, Kentucky, three hours
away.
While this may seem like a large
geographic trade area at first glance,
the larger area is justified because the
population is less dense, there is a very
limited amount of competitive retail/
entertainment alternatives and the
customer base is accustomed to driving
welcome to the neighborhood
trading
area
greater distances.
quick facts
• Population 19-64: 63.4%
• Females: 51.3%
• Population % change: -0.8%
• % Adults Married: 46.7%
• High School or higher: 84.1%
• Commute to work: 82.1%
• Retail trade: 12.5%
transportation
• 2 Major Airports within 1 hour
-FedEx Hub
• Situated on I-64, US Route 60, 52, 23
• State Primary Routes: 75,2,152,10, 37
• Major Freight Carriers: 11
• Rail Service: CSX, Norfolk Southern
• Public Bus System: TTA
• Major Inland Waterways
We expect to draw 75% to 80% of
the customers for Pullman Center and
Pullman Plaza from within this trade
area. The remaining 20% to 25% of
the sales and customers will likely
come from outside this trade area –
visitors, convention travelers, Marshall
University traffic, etc.
A summary of the Custom Trade Area
demographics is below:
Population572,447
Households220,382
Families161,092
Household Size
2.53
Average Household Income $38,374
Median Household Income $25,568
% Households $50,000+
23.2%
Median Age36.7
opportunity knocks.
your vision for success
943 third avenue
downtown huntington, wv
Nestled between established and
reputable jewelry retailer, C.F.
Reuschleins and the highly-respected
Mug and Pia specialty boutique,
943 Third Avenue is a blank canvas
awaiting your touches.
63
This updated, elegant space provides
2,000 square feet of options. While
the space is move-in quality today, we
will certainly accommodate the special
requirements43of any tenant.
you’v
arri e
ved!
7
53
49 5
9
VISUAL
ARTS CENTER
22
The intersection of Third Avenue and
Tenth Street is a major convergence in
downtown Huntington, WV.
40
32
12
62
35
DINING
SHOPPI
RETAIL
One of the many areas of renaissance in
downtown is the 900 block of Third Avenue.
Directly across from Pullman Square, the area
now is home to the Marshall University School
of Art & Design.
ENTERTA
NIGHT L
LODGIN
BANKS/
GOVERN
your vision for success
943 third avenue
downtown huntington, wv
Clean, accessible space with neutral colors and
elegant highlights.
Private, 12’ X 12’ office with hardwood floors and
networking infrastructure ready to plug in.
Street-level, 2,000 square feet, tall ceilings and
modern, updated track lighting.
Private corridor to the lavatory facilities
location
3
your vision for success
Private, 12’ X 12’ office with hardwood floors and
networking infrastructure ready to plug in.
Existing security system ready for activation.
One of the very best locations in the region.
943 third avenue
downtown huntington, wv
please contact
us to discuss or
schedule your
private review
Touma Real Estate Holdings
911 Third Avenue
Pullman Center
Huntington, WV 25701
(304) 972.6815
[email protected]
www.pullmancenter.com