CITY VIBE NATURAL BEAUTY

Transcription

1 SEATTLE, WASHINGTON

2 CITY VIBE NATURAL BEAUTY Seattle is one of the fastest-growing, most highly educated major metropolitan markets. From high art to mountain peaks, there is something to interest everyone. Seattle is the nation s 4th largest export market. More than 66% of Seattle residents have earned an associate s degree or above, compared to 38% of U.S. residents. Bloomberg Business Week rated Seattle #2 Best City to Live in Seattle was the #1 fastest-growing big city in the U.S. according to the Census Bureau. Its growth outpaced the surrounding suburbs by 25%. Office square footage under construction has doubled within the last two years and more than $5 billion has been invested in new construction. The Puget Sound region experienced a surge in job growth adding a total of 241,300 jobs between 2010 and Seattle is a tech and biotech hub with major area employers including Boeing, Microsoft, Amazon, Nordstrom, Starbucks, Expedia, University of Washington, Facebook, Google, Tableau, Weyerhaeuser, Adobe, Zillow, RealNetworks, F5 Networks, REI, Fred Hutchinson Cancer Research, and the Allen Institute.

3 AT THE CENTER OF THE COMMUNITY At the center of a revitalized traditional neighborhood with great schools and a strong influx of young families to the nearby neighborhoods, Northgate Mall also enjoys excellent proximity to a burgeoning commercial area. Preparation for the new Sound Transit Northgate Light Rail Station, scheduled to open in 2021, began in winter of 2016 with the addition of a new, convenient parking deck on the mall s west side, between Forever 21 and JCPenney, with 705 stalls. With the city s goal of adding up to 2,500 residential units within two blocks of the planned Light Rail Station, this neighborhood is rapidly becoming a highly desirable, while affordable, option to downtown Seattle, being just seven miles from the center of Seattle. Nearly 1,000 new apartment units have been constructed in the last few years within one block of the center to take advantage of the planned introduction of light rail transit at Northgate Mall. An additional 400 more units are in progress. An established regional medical office collection sits just south of Northgate Mall.

4 HIGH TECH HIGH STYLE Northgate Mall features several major department stores and a wide selection of specialty stores, as well as a food court and a number of sit-down restaurants to complement the shopping experience. A favorite shopping destination since the 1950s, Northgate Mall continues to evolve to meet the needs of the surrounding community and beyond. Northgate Mall is the only enclosed regional mall serving Seattle. Located on I-5 seven miles north of Downtown Seattle providing outstanding visibility. The center is just 3.5 miles north of the University of Washington with 57,000 students. Immediately across I-5 from the center is North Seattle College with 14,000 students. Northgate Mall is convenient to all North Seattle neighborhoods along the west and north shores of Lake Washington to Puget Sound.

5 BY THE NUMBERS Anchored by Three Department Stores Nordstrom, JCPenney, Macy s Square Footage Northgate Mall spans 1,046,000 square feet. Single Level Boasting more than 130 specialty stores. Restaurants Home to 12 sit-down restaurants.

6 IN GOOD COMPANY Distinctive. Intelligent. Fun. Many popular brands have chosen Northgate Mall as their preferred location in the Seattle market. Barnes & Noble Bed Bath & Beyond Crazy 8 DSW Express Gene Juarez Salon & Spa Gymboree LOFT ThinkGeek

7 DIVERSE DINING An exceptional mix of dining destinations offers a unique urban experience. Azteca Mexican Restaurant Bluefin sushi & seafood buffet Cafe Nordstrom Cafe Pho California Pizza Kitchen Chipotle Mexican Grill Mama Stortini s Panera Bread Ram Restaurant & Brewery Red Robin Stanford s Restaurant & Bar Sushi Maru Northgate Mall offers fast-casual dining options to satisfy everyone s palate.

8 POSITIONED TO SUCCEED Northgate Mall is located in northern King County in Seattle. Situated just seven miles north of downtown Seattle, the center is perfectly positioned for high traffic counts along I-5 running north of downtown Seattle at the intersection of Northgate Way. The Northgate Link Sound Transit Light Rail Station opens in 2021 at the Northgate Transit Center adjacent to the mall, connecting to the University of Washington, downtown Seattle, and SeaTac Airport. Northgate, a Regional Growth Center, anticipates over 2,500 additional housing units to be built within two blocks of the Light Rail Station and surrounding Northgate Mall, attracting rail commuters, families, and young professionals to the area. The Light Rail Station expects to triple the current bus transit station hub s daily ridership to over 20,000 by Daily ridership on the same line at Capitol Hill and UW have exceeded early projections. Northgate will serve the North Seattle communities long-term as the primary hub for mass transit into Seattle, then commuting home at the end of the day for 500,000+ residents in the northern portion of the city , , , , $101,869 $108, , $629,895 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

9 Lynnwood 2 Edmonds North Creek Kingston Alderwood Manor Maltby Woodway Esperance Mountlake Terrace Brier Echo Lake TRADE AREA BOUNDARY Bothell 5 ianola Shoreline Lake Forest Park Kenmore Woodinville Cottage Lake Kingsgate Inglewood-Finn Hill Puget Sound Kirkland Union Hill-Novelty Hill 7 5 Redmond Hunts Point Clyde Hill Medina 4 Seattle 8 Lake Washington 3 6 N 0 3 MILES Bellevue TRADE AREA & COMPETITION Simon Center Competition Beaux Arts Village 1 Northgate Mall 2 Alderwood 3 The Bellevue Collection 4 Pacific Place 5 Redmond Town Center 6 The Shops at The Bravern 7 University Village 8 Westlake Center

10 DSW (LOWER LEVEL) BED BATH & BEYOND (UPPER LEVEL) BARNES & NOBLE MACY S 5TH AVE. NE NE NORTHGATE WAY RAM RESTAURANT & BREWERY FOREVER 21 NORDSTROM GENE JUAREZ SALON & SPA RED ROBIN 1ST AVE. NE TWO-LEVEL PARKING DECK ULTA BEAUTY NORDSTROM RACK JCPENNEY FIVE-LEVEL PARKING DECK I-5 N SOUND TRANSIT LINK LIGHT RAIL SYSTEM - NORTHGATE EXTENSION-COMING 2021 NE 103RD ST. NORTHGATE TRANSIT CENTER AERIAL OVERVIEW

11 5TH AVE. NE KEY DEPARTMENT STORES ANCHOR STORES RESTAURANTS RETAIL KEY BANK NE NORTHGATE WAY AZTECA MEXICAN RESTAURANT CALIFORNIA PIZZA KITCHEN BARNES & NOBLE PANERA BREAD BED BATH & BEYOND (UPPER LEVEL) DSW (LOWER LEVEL) RAM RESTAURANT & BREWERY MACY S NORDSTROM MAMA FOREVER 21 STORTINI S GENE JUAREZ SALON & SPA NEW PARKING STRUCTURE SUSHI ULTA MARU BEAUTY CHIPOTLE MEXICAN GRILL RED ROBIN (UPPER LEVEL) JCPENNEY NORDSTROM RACK (LOWER LEVEL) PARKING STRUCTURE NE 103RD RD ST. NORTHGATE TRANSIT CENTER STANFORD'S RESTAURANT & BAR 1ST AVE. NE SOUND TRANSIT LIGHT RAIL SYSTEM - NORTHGATE EXTENSION - COMING 2021 N SITE PLAN

12 UNIQUE OPPORTUNITY Northgate Mall presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Chris Reynolds (206) creynolds@simon.com

13 225 West Washington Street Indianapolis, IN (317) simon.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).