Village Pointe

Village Pointe
Omaha, NE
VILLAGE POINTE
168th Street & West Dodge Road
Omaha, Nebraska
600,000 square feet
Opened Spring 2004
www.villagepointeshopping.com
TENANTS INCLUDE:
Apple
Ann Taylor
Banana Republic
Bed Bath & Beyond
Cheeseburger in Paradise
Coach
Coldwater Creek
DSW Shoes
Fossil
Firebirds Rocky Mountain Grill
Funny Bone Comedy Club
Gap
Harry & David
J. Crew
Jos. A. Bank
Kona Grill
Panchero’s Mexican Grill
Pier 1 Imports
Sephora
Scheels All Sports
Talbots
White House | Black Market
Village Pointe Cinema
800.805.9202 | reddevelopment.com
Village Pointe is an upscale lifestyle development
designed in a “prairie style” concept distinctive to the
Midwest. With an open-air design that replicates a
nostalgic Main Street shopping district, this shopping
center allows vehicular access and features a pedestrian
environment. In creating a new “old downtown” feeling,
the experience allows consumers the opportunity to
enjoy a lifestyle that emphasizes family, friends, values
and experiences.
With a merchandise mix of promotional and specialty
tenants, the center contains an array of national, regional
and local merchants found along the Main Street.
Featuring retail, entertainment and dining venues, this
shopping center complements the thriving Omaha
community.
Village Pointe is a joint venture between Quantum Quality
Real Estate and RED Development.
V I L L A G E
P O I N T E
BUSINESS POINTS
Omaha MSA
•
Omaha is a strong regional retail market—the main retail destination for more than 1.2
million consumers from eight counties within a 60-minute drive.
•
Omaha is ranked No. 3 in the 2008 “Best Cities to Live, Work and Play” report by Kiplinger.
•
Forbes ranked Omaha 8th among the “Best Cities for Jobs in 2008”.
•
The Population of the Omaha MSA is 836,227 and is expected to reach 879,495 by 2013.
•
Omaha has a low cost of living compared to other cities—10-13% less expensive than the
national average. Median income is 10% higher than the national average. The median
home price is 34% below the national average. Many of Omaha’s other goods and
services also rank lower than the national index.
•
Omaha boasts a loyal and committed workforce. The unemployment rate is consistently
lower than the national rate.
•
Omaha is underserved in many retail categories. Retail space has grown 45% in the past
four years, and 60 national chains have entered the market in the past two years.
•
There are over 87,000 students from 16 colleges and universities within the greater Omaha
area.
West Omaha
•
The stretch of land along West Dodge Road from the Missouri River west to the Elkhorn
community (recently annexed to Omaha) is home to several projects recently developed or
under development. These include two mid-or high-rise condominium buildings, two
hospitals (University of Nebraska Medical Center and Methodist Women’s Hospital), new
offices, hotels, car dealerships and new retail developments including a new Costco.
•
Planned housing for the area includes homes priced at or above $500,000 and apartment
complexes.
•
The number of households within a five mile radius of the 168th Street and West Dodge
Road intersection has grown by over 100% since 1990 to 59,774, and the average
household income in the area is more than $101,500.
Office/Commercial
•
Omaha is home to four Fortune 500 companies’ headquarters: Berkshire Hathaway,
ConAgra Foods, Union Pacific Corp., and Peter Kiewit Sons’.
•
West Village Pointe is being developed adjacent to the site and will contain office,
restaurants and hotels, as well as the University of Nebraska Medical Center hospital
campus and the existing Hilton Garden Inn.
•
Coventry Healthcare has recently completed an office complex at 159th Street and West
Dodge Road, and will relocate 250 employees to this site by mid-June.
R E D E F I N I N G
S H O P P I N G
V I L L A G E
P O I N T E
DEMOGRAPHICS
3-Mile
Radius
5-Mile
Radius
10-Mile
Radius
Omaha
MSA
75,258
66,226
186,609
165,405
432,328
398,983
886,730
842,976
13.64%
12.82%
8.36%
5.19%
2008 Daytime Population
2008 Number of Employees
34,451
103,171
294,363
558,760
2009 Est. Pop. Age 25+ by Educational Attainment
Some College, no degree
Associate Degree
Bachelor's Degree or Higher
39,481
23.67%
7.90%
50.20%
101,524
23.41%
7.43%
46.89%
254,416
25.48%
7.19%
38.39%
537,014
24.96%
6.85%
28.62%
2009 Est. Households by Household Income
Income $75,000 or Higher
22,810
60.90%
59,774
54.08%
157,252
39.71%
326,989
2009 Est. Average Household Income
2009 Est. Median Household Income
2009 Est. Per Capita Income
$110,224
$88,989
$38,070
$101,535
$80,745
$36,798
$80,164
$63,376
$31,758
$68,637
$54,658
$26,840
2009 Est. Median All Owner-Occupied Housing Value
$187,208
$178,984
$147,118
$132,448
Population
2014 Projection
2009 Estimate
Growth 2009-2014
32.28%
© 2009 CLARITAS INC. All rights reserved.
R E D E F I N I N G
S H O P P I N G
BURKE ST
North