THE MALL AT PRINCE GEORGES Hyattsville, MD
Transcription
THE MALL AT PRINCE GEORGES Hyattsville, MD
THE MALL AT PRINCE GEORGES Hyattsville, MD Northwestern High School THE FACTS THE MALL AT PRINCE GEORGES • • • The Mall at Prince Georges is located in Prince Georges County, the second most populous county in Maryland and one of the top 100 wealthiest counties the U.S. Alterra Luxury Residential Luxury Residential Development Post Park Luxury Apartments Over $1 billion in ongoing redevelopment projects is bringing high-end condos, single family homes, apartments and upscale retail immediately near the mall. Average monthly rent for new developments is $1,850 (70% higher than the county average). THE MALL AT PRINCE GEORGES Royale 14 Cinemas University Town Center Metro Stop and Footbridge Average income within 10 miles is $101K exceeding US average income by 40%, D.C. income by 11% and is projected to grow by 14% in the next five years. Metropolitan Shops Currently an underserved market with over $7 billion of unmet retail demand within the trade area. • • University Town Center, located across from the mall, has 1.4 million sf of office space with 2,500 employees working for organizations such as the U.S. Department of Treasury–Financial Management, FEMA and National Center for Health Statistics. Adjacent to Metro Green Line Stop, servicing 100,000 riders daily. • • Metro Station Green Line Over 83,000 high school and college students within 10 miles of the mall, highlighted by The University of Maryland, College Park, two miles away. Shoppes at Metro Luxury Residential MALL HIGHLIGHTS Center Size Inline GLA Year Opened Year Redeveloped Food Court 917,000 sf 437,000 sf 1959 2004 12 Units ANCHORS & JUNIOR ANCHORS Macy’s Target JCPenney Marshalls Old Navy 196,000 sf 135,000 sf 149,000 sf 35,000 sf 24,600 sf Ross Dress For Less T.J. Maxx 30,000 sf 27,000 sf RESTAURANTS & OUTPARCELS Outback Steakhouse Olive Garden OPENING 2016 H&M 6,800 sf 7,600 sf 20,000 sf FEATURED RETAILERS Bath & Body Works Champs The Children’s Place DTLR Foot Locker/ House of Hoops Kay Jewelers Lane Bryant LensCrafters Sephora (inside JCPenney) Victoria’s Secret THE MALL AT PRINCE GEORGES Located on Rte 410 between Rte 1 Baltimore Ave and Riggs Rd 3500 East West Highway Hyattsville, MD 20782 Latitude38.967874 Longitude-76.957528 TRADE AREA DEMOGRAPHICS Population 1,514,259 Households 563,849 Average Household Income $86,108 % of Households with incomes > $100K 32% Average Home Value $419,910 Median Age 36.4 Total Businesses 26,693 Daytime Population 1,561,634 Source: Sitewise 2015 200 South Broad Street Philadelphia, Pennsylvania 19102 215.875.0700 preit.com TRADE AREA THE MALL AT PRINCE GEORGES Hyattsville, MD April 5, 2016 THE MALL AT PRINCE GEORGES Hyattsville, MD April 5, 2016
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