docNEW - The Shops at Willow Bend
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NEW - The Shops at Willow Bend
KNOW THE NEW WILLOW BEND PLANO, TEXAS. One of the nation’s most affluent markets with a population growing at twice the national average, and an average annual household income exceeding $110,000. STARWOOD. A powerhouse in global real estate, renowned for discipline and innovation, and now a “fresh veteran” in retail properties, owning and operating 30 malls in 16 states. THE NEW WILLOW BEND. Ranked in the top 100 US malls, and undergoing a $100 million redevelopment to elevate its status from simply wonderful to beyond sensational. KNOW WOW Willow Bend, Plano’s largest mall at 1.2 million sq. ft. The only Neiman-Marcus in north Dallas, in-demand fashion, the world’s leading brands of cosmetics and premier home furnishings $100M redevelopment, adding more than 100K sq. ft. of merchandising, 200K sq. ft. of office space and 175 hotel rooms New access off the frontage road of the Dallas North Tollway leading to a stunning new dining-focused front entrance Ideally located at the epicenter of north Dallas KNOW WHERE Plano, Texas—the star child of the Lone Star state Household income—$112,700—52% above the US average A population growth rate that is twice the national average thanks to a vibrant influx of businesses and corporate headquarters, and a relatively low cost-of-living Consumer retail spend trends 30%–40% above the national average California Metreon Northridge Mall Parkway Plaza Plaza West Covina Solano Town Center Colorado Belmar Connecticut Blue Back Square Florida The Mall at Wellington Green Westland Mall Georgia The Collection at Forsyth Illinois Chicago Ridge Mall Louis Joliet Mall The Arboretum of South Barrington The Promenade Bolingbrook KNOW HOW Indiana Southlake Mall Kentucky Hamburg Pavilion Our current portfolio Michigan Fairlane Town Center The Mall at Partridge Creek Montana Rimrock Mall North Carolina Northlake Mall Nebraska Gateway Mall Starwood Retail Partners is a division of Starwood Capital Group, a privately held, global real estate firm with deep expertise in development and acquisitions, and a long Ohio Belden Village Mall Franklin Park Mall Great Northern Mall Soutpark Mall history of savvy management Texas The Shops at Willow Bend Makes substantive improvements with a long-term focus Virginia Macarthur Center Stony Point Fashion Park Endorses a symbiotic leasing approach Washington Capital Mall Kitsap Mall toward deliberate, strategic growth Strategically invests in high-potential centers that are broad-based and poised for growth Currently owns 30 properties in 16 states with an eye KNOW THE NEW WILLOW BEND MERCHANDISING PROFILE SITE PLANS ARCHITECTURAL RENDERINGS DEMOGRAPHICS MERCHANDISING PROFILE “Willow Bend is an important part of our Dallas market strategy, and we are excited about the new growth in this area” —Ginger Reeder, Vice President, Neiman-Marcus A Re-imagined Willow Bend • New east entrance presents The Room: a restaurant / entertainment district unlike anything else in north Dallas Building on a Strong Base • Currently 149 stores, 1.2 million square feet of retail space and 6,800 parking spaces • The only Neiman-Marcus in north Dallas • High performing Macy’s and Dillards • Fashion and tech leaders include H&M, Anthropologie, Brooks Brothers, Banana Republic, MAC, Elizabeth Arden and Apple • An elite collection of the most select home furnishings in north Dallas—a market defined by new housing and population growth— including Crate & Barrel, Mitchell Gold � Bob Williams, Restoration Hardware and Z Gallerie • An additional 104,720 square feet of retail / restaurant space • Enhanced visibility from the tollway, including road signs in both directions • Direct access off the Dallas North Tollway frontage road feeds traffic right into Willow Bend’s new front door • Mixed use improvements include the addition of up to 175 hotel rooms and up to 200,000 square feet of Class-A office space, all of which will increase sustainable, daily foot traffic • New ownership = new attitude: a broadbased and inclusive leasing strategy New, direct access into the mall’s PROPOSED SITE LEVEL delivers 1 re-imagined eastPLAN: entrance you to a magnetic, restaurant-driven environment SITE PLANS E N LAR G E D A R E A : EAST ENTRY L 2 East Entrance Level 2 B216 9,000 SF C201 3,844 SF C202 3,444 SF B215 7,538 SF C204 2,699 SF PARKING STRUCTURE C203 4,577 SF THREE LEVELS B214A 1,394 SF C207 1,025 SF C208 1,200 SF B214 6,545 SF B1 1,8 27A 00 SF C209 5,800 SF SU NG FOREVER 21 B121 38,154 SF LOBBY B212 4,659 SF C211 2,898 SF ST OR AG E/E LE C. VA LL ET C216 2,234 SF RT NEW RETAIL B208 4,508 SF 45,770 SF RM . FC110 788 SF FC109 939 SF BACK OF HOUSE AREAS D 80 0 CHICK-FIL-A ZUZU MEXICAN MAUI WOWI FC103 FC105 FC104 573 SF 848 SF 746 SF CHICK-FIL-A A120B A120A 166 SF 200 SF SONIC A120C 300 SF GELATO DI LORENZO A127 985 SF WETZEL'S PRETZEL'S A120D 253 SF STORAGE A114 1,385 SF A120E 418 SF AMERICAN EAGLE OUTFITTERS A122 5,500 SF 11,580 SF PARKING STRUCTURE 2,4 D1 10 19 SF D130 1,252 SF D129 1,375 SF A1 1,8 01B 30 SF BR OW AY KW AR OP AN PL W. C101 1,326 SF EN D1 04 PR OV EN CE D1 DIV 03 A L'O CC ITA NE GO 89 2 PA TI O RS7 7,840 SF C104A 866 SF C106 3,500 SF C108 1,141 SF C105A 603 SF Ideal Site, New Vision B117 2,204 SF RS6 7800 SF 8 STORIES 217 ROOMS 132,860 SF RS4 6,030 SF B113 6,540 SF EXTG RETAIL 473,620 SF 54,820 SF ET NEW ENTERTAINMENT RS5 6,040 SF ideal platform for redevelopment RT1 10860 SF • Mall is being re-oriented to show a more B112 4,634 SF 4,130 SF PUBLIC AREAS PUBLIC TOILETS parking spaces, Willow Bend provides an C114 2,210 SF B115 5,345 SF R • At 1.2 million square feet, with 6,800 C112 2,200 SF B116 3,200 SF RS NEW RESTAURANT MAIN MALL ENTRY B101 1,281 SF visible face to the heavily trafficked Dallas VALET / DROP-OFF A108 12,231 SF North Tollway B109 800 SF BACK OF HOUSE AREAS B108 1,200 SF B106 532 SF B107 4,500 SF B105A 426 SF B101A 965 SF RT2 10310 SF • A completely new east entrance creates a B105 1,588 SF RS1 3,610 SF B102 996 SF B103 896 SF B104 734 SF RS2 5,180 SF RS3 5,190 SF social scene with restaurants and nightlife, C120 9,542 SF and a magnetic entrance into the mall C121A 2,458 SF C122 2,372 SF • Expansion and redevelopment includes C125 741 SF Class-A office space and premier hotel NEW HOTEL 8 STORIES, 217 ROOMS, 132,860 SF NEW OFFICE 6 STORIES, 188,830 SF NEW RETAIL C Six-story, Class-A hotel with 175+ rooms C107 1,071 SF C109 1,146 SF 45,770 SF THREE LEVELS D Eight-story upscale C103A 1,098 SF M 6 STORIES 188,830 SF PARKING STRUCTURE office building C102 1,411 SF W NEW OFFICE district (see site plans details) R105 C100 4,574 SF O entrance and restaurant C103 2,000 SF C106A 436 SF RT NEW RETAIL B The Room, new east 21,587 SF 240,000 SF THREE LEVELS C104 2,000 SF NEW HOTEL the Dallas North Tollway on adjacent page for 150,000 SF THREE LEVELS PA TI O CA LIF KIT OR CH NIA 5,0 D1 EN PIZ 19 26 ZA SF C105 4,578 SF H STORAGE C128 2,212 SF frontage road alongside MAIN ELEC. RM. 1,9 D1 99 24 SF E N L A R G ED AREA: EAST ENTRY L 1 B117A 747 SF MA NA ST GE OR ME AG NT 3,5 D1 E AR OF 01 07 EA FIC SF E RE HA ST RD OR AT 12 D1 WA ION ,82 08 RE 1 SF 1,1 D1 56 22 SF CO SIG LL NA EC TU 3,0 D1 TIB RE 64 25 LE S SF B121 38,154 SF RS3 5,190 SF 1,0 D1 AR 00 23 T 23 SF BACK OF HOUSE AREAS East Entrance Level 1 RS2 5,180 SF SE PH OR A PR 9,9 D1 OP 40 06 OS SF ED MITCHEL GOLD + BOB WILLIAMS D114 8,000 SF LE NS CR 3,9 D1 AFTW 74 20 RS SF TU SC AN Y JE 1,4 A1 WE 13 01 LE SF RS C223 5,263 SF SW EE T D1 FA 87 18 CT 5 OR SF Y BR OO KS 3,5 D1 TO 51 05 NE SF WETZEL'S PRETZELS A119A 300 SF D133 2,159 SF D132 1,319 SF D131 1,497 SF PUBLIC TOILETS RS1 3,610 SF LU HA SH CO ND FR SM MA ES C1 ET H 74 25 ICSDE 1 SF TEAVANA A119 845 SF VITAMIN WORLD D115 1,210 SF A225 5,000 SF 10,310 SF AP C1 PL 9,5 AP 20 E 42 PL 9,5 C1 ESF 42 20 SF BO C1 2,4 21ASE 58 ZA SF LE S JE 2,3 C1 WE 72 22 LE RS SF RT4 11,430 SF THREE LEVELS JANIE AND JACK D116 1,400 SF RS3 1,550 SF RS1 1,470 SF AM ER D1 ICA 52 17A N CO 6 SF OK IES C217 12,244 SF GR EA T RS2 1,550 SF PUBLIC AREAS BEATH & BODY WORKS A120 3,000 SF THINGS REMEMBERED A118 1,467 SF VERIZON WIRELESS A112 1,744 SF EXPRESS / EXPRESS MEN A115 7,500 SF GARDEN STRIDE RITE D117 1,111 SF B202 4,144 SF JUSTICE A113 3,600 SF 6,040 SF RT2 CR AB TR B1 . & 73 04 EV 4 EL SF IN Z GALLERY A110 12,000 SF GYMBOREE A110A 2,155 SF 4,130 SF RT2 6,910 SF EVERYTHING BUT WATER A111 1,524 SF ET NEW ENTERTAINMENT BE 4,5 B1 BE 00 07 SF JO HN ST ON 1,5 B1 & MU 88 05 RP SF HY 90 7 H B204 8,000 SF CO BR BEST BUY MOBILE LL IGH B109 EC TO 800 SF 1,2 B1 TIB N 00 08 LE S SF LID B1 S TH E 96 01A AR 5 SF T OF B1 SH 99 02 OR AV 6 IGI ING SF B1 NS 03 ELEC. ROOM B.O.H. B MAC B101 1,281 SF 89 6 54,820 SF RS9 B205 1,826 SF SONIC FC102 939 SF CE LL AIR A1 IS 99 26 WE 5 LL SF LIV A1 E WE 25 LL RS NEW RESTAURANT 5,450 SF PUBLIC TOILETS MADE IN NY PIZZA FC106 573 SF PHIL'S PHILLY GRILL FC101 788 SF GN C 473,620 SF Willow Bend from the RS5 6,030 SF ATHLETA PROPOSED B112 4,634 SF Z GALLERIE A108 12,231 SF SW AR A1 OV 23 SK I SF PUBLIC AREAS EXTG RETAIL RT1 10,860 SF B107B 460 SF YEUNG'S LOTUS EXPRESS FC107 746 SF AQUA SHOP R102 11,270 SF R B207 1,499 SF RS4 B113A 1,264 SF RO OM FC108 848 SF 4,130 SF 7,800 SF HOLLISTER CO. B113 6,540 SF R101 7,411 SF ET NEW ENTERTAINMENT RS6 ? ? ? C114 2,210 SF M D1 1,1 01 35 SF B208A 1,575 SF A Direct access into C112 2,200 SF SKECHERS B116 3,200 SF FINISH LINE PROPOSED B115 5,345 SF SU INT NG ER LA NA SS B1 TIO HU 01 NA T L SF 6 STORIES 188,830 SF ET1 10,390 SF Property Overview C1 1,0 03A 98 SF TORRID PROPOSED B117 2,204 SF APPLE STOR. B117A 747 SF R103B 881 SF W B1 42 05A 6 SF NEW OFFICE STARBUCKS R103A 202 SF 21,220 SF RS5 1,600 SF RS4 1,500 SF SF 54,820 SF O C215 1,499 SF C1 86 04A 6 SF C105A 603 SF SF 473,620 SF 8 STORIES 217 ROOMS 132,860 SF C214 1,949 SF BA RE MI D1 NE 1,3 02 RA LS 21 SF EXTG RETAIL NEW HOTEL SF R RS NEW RESTAURANT H B210 9,900 SF AV A1 EDA 24 45,770 SF HA 4,5 C1 LL 78 05 MA RK SF FO OT LO 3,5 C1 CK 00 06 ER SF SOHO C109 1,146 SF SF 6 STORIES 188,830 SF GAMESTOP C107 1,071 SF M C108 1,141 SF 93 4 NEW OFFICE C106A 436 SF W O 90 0 B211 1,101 SF O RT NEW RETAIL AM Y'S C C213 2,181 SF SF 8 STORIES 217 ROOMS 132,860 SF EL DO IZA OR BE SA TH LO AR 4,5 C1 N ANDE N 74 00 D RE SF SP D A 71 1 NEW HOTEL PA TI O H A VIC TO RY 1,3 C1 NA 26 01 IL SP SF A LA 1,4 C1 SS 11 02 ICE SF SC RU BS 2,0 C1 ST BL 00 03 YL SU OO E SF PP MI LY NG BE 2,0 C1 & SA AU 00 04 LO TY SF N DALLAS NORTH TOLLWAY C210 4,500 SF 250,000 SF THREE LEVELS AS IAN 1,9 B1 ST 80 27 AR SF RD LEVA L BOU EL HIL CHAP B212 4,659 SF 45,770 SF NEW RESTAURANT NEW ENTERTAINMENT EXISTING RETAIL 54,820 SF 4,130 SF 473,620 SF with possible restaurant and salon amenities on the west side of the mall The Room defines a social environment not yet seen in north Dallas—a destination dining and entertainment district fronting a large and vibrant shopping venue. ARCHITECTURAL RENDERINGS From Mall to Magnificent • Grand entrance defines a destination dining & entertainment district: The Room • Contemporary design and native building materials are regionally authentic, creating a comfortable, approachable atmosphere specifically geared toward local appeal • Trellis defines the district, offering warmth in color and coolness in shade • Cascading trellis and dramatic lighting offer high visibility from the tollway • Cobbled street slows traffic and pedestrian vibe to a village pace • Roundabout valet drop-off punctuates the dramatic new mall entrance • Adaptable design provides for street fairs, public events and concerts • Second-story terrace creates a cityscape of outdoor patios and entertainment spaces with birds-eye views of pedestrian traffic below • Having a great mall to begin with enables Starwood to focus all its resources on additive improvements A modern and regionally authentic trellis design defines the area, provides welcomed shade, and cascades downward to present a branded facade with tollway visibility. Far-reaching Retail Building on a sound foundation of flagship and market-leading retailers, Starwood is broadening the merchandising profile of Willow Bend. The endgame here will Clockwise from above • Second story terrace offers birds-eye view of the cityscape below • Flagship retail in sync with the local culture • A signature restaurant with al fresco dining embellishes the Crate & Barrel plaza on the west • Dramatic illumination makes The Room, a beacon of excitement at the new Willow Bend comprise mid-to-high end offeringsthat serve and appeal to the robust and diverse nature of this thriving urban zone. It will be a composite that is unique, essential and irresistible to north Dallas. “America’s best place to move”—Forbes “Second in the country’s largest homes”—realtor.com Willow Bend by the Numbers “Fourth hottest zip code in real estate”—yahoo.com Radial data on population, households and businesses Population WITHIN 3 MILES OF WILLOW BEND WITHIN 5 MILES OF WILLOW BEND WITHIN 10 MILES OF WILLOW BEND 2015 estimate 128,512 318,926 1,055,398 2020 projection 136,847 339,987 1,127,735 6.5% 6.6% 6.9% 2015 estimate 61,337 141,893 422,526 2020 projection 65,812 152,819 452,534 7.3% 7.3% 7.1% $98,946 $99,332 $96,456 $104,544 $104,973 $101,908 6,260 16,950 58,900 Location, Location, Location 66,730 217,130 741,990 • 30 minutes from DFW, the third busiest 81% 80% 75% % growth Households % growth Average Household Income 2015 estimate Business & Employment business establishments Education 2020 projection daytime employment % college educated DEMOGRAPHICS airport in the world • The center of north Dallas’ population boom Source: The Nielsen Company • Framed by three major highways One Wealthy Mile Intelligent Consumers Within one mile of Willow Bend, by 2020: • 45,400 students enrolled in local colleges • $145,600 will be the average household income • 43% will earn more than $100,000 • nearly one third will earn more than $150,000 Family Focused • 40% of Plano’s households have children under age 18 • Exemplary school district, awarded the highest rating for ‘Superior Achievement’ Young & Diverse • Median age in Plano is 38 • 58% white, 18% Asian, 14% Hispanic and universities • 80% Plano residents are college educated • 21% Plano residents hold an advanced degree—double the national average Vigorous Spending • Plano expenditures trending 30%40% above US for apparel, household furnishings, restaurants, and entertainment A Proliferating Plano • Plano household growth trending double national average (40% from 2000 to 2020) • Plano average household income projected to exceed $121,000 by 2020 • More than 145,000 vehicles per day travel the Dallas North Tollway • 140 hotels with more than 17,000 rooms within ten miles Visitors That Stay & Spend • Travelers’ economic impact of $570 million in Plano in 2014 • Collin County ranks 8th in the state for visitor spending • More than 12 million business visitors to the metro area annually • Average length of stay is three nights High Density, High Potential • Over 210,000 daytime workers and 319,000 residents (51% female) within five miles of Willow Bend • 80% occupy white collar positions A City That Means Business • World-class business parks with excellent amenities • More than 8,000 businesses and global headquarters • Pro-business environment fostering exploding growth now and in coming years • Recent business relocation and expansion projects, including Toyota, Liberty Mutual, FedEx, Hilti, Capital One, Aligned Energy and UBS, have absorbed more than three million sq. ft. • Over 3,500 acres available for commercial development • Fortune 1000 headquarters include JCPenney, Alliance Data Systems, Cinemark Holdings, Dr. Pepper/Snapple, Rent-A-Center and Denbury Resources “Second in top 25 cities for working parents” —Business Insider “Ninth best city for young entrepreneurs” —nerdwallet.com “Best city or suburb for raising children” —Dallas Child Magazine “Second in top 10 cities to raise a family” —livability.com Young Achievers New Accumulators Midlife Success Empty Nesters • 20-somethings • 35–54 yrs. old • 55 yrs. old • 55+ yrs. old • hip singles • ethnically diverse • upscale • affluent & upscale • college-educated • couples with kids • childless singles and couples • active lifestyles • mid-scale renters • college-educated • college-educated • college-educated • liberal, progressive • managerial & professional jobs • six-figure incomes • executives & professionals • fans of alternative music, nightlife, social • fans of fashion comfortable, mid-sized • fans of technology, financial products, • fans of travel, cultural events, volunteering, media homes travel and exercise fine wine KNOW PLENTY 74 1,9 91 The Center of Expansion Willow Bend’s ideal location in a growing market Da yti me E mp lo ye e s Wade Park 7 ,89 Stonebriar Centre 217 ,13 1 58 Sam Rayburn Tollway 121 The Shops At Legacy es ss ine ,73 0 s Bu 9 ,94 66 16 61 6,2 The Shops at Willow Bend 3 miles 5 miles 128,512 318,926 10 miles Residential Population 1,055,398 Dallas North Tollway President George Bush Turnpike 190 61 ,33 7 190 Plano City Boundary 14 1,8 93 Ho us eh old s 42 2,5 Galleria In Dallas Northpark Center (15 miles from Willow Bend) 26 KNOW MORE Bryant Siragusa, National Director Of Restaurants And Entertainment 214.771.2003 [email protected] Michael Powers Vice President, Leasing - East 312.242.3208 [email protected] Lanne Bennett Senior Director, Leasing 614.732.0618 [email protected] Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com Now that you know about the new Willow Bend, know more about how it can work for you. Please contact us to arrange a more in-depth conversation. WILLOW BEND Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, Il 60601 www.starwoodretail.com
