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1535 Chestnut Street A Flagship Retail Opportunity at Philadelphia’s Highest Trafficked Corner...

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Page 1: A Flagship Retail Opportunity at Philadelphia’s Highest

1535 Chestnut Street

A Flagship Retail Opportunity at

Philadelphia’s Highest Trafficked Corner...

BBRAHINPROPERTIES INC

Page 2: A Flagship Retail Opportunity at Philadelphia’s Highest

1535 Chestnut Street Highest Foot Traffic Corner in the City

A FLAGSHIP RETAIL OPPORTUNITY

1535 Chestnut provides an unparalleled urban retail opportunity in an area of the City that has become the epicenter of retail activity.

With the highest average daily pedestrian foot count of almost 24,000, this Philadelphia corner is now one of the most coveted urban retail locations in the country.

PRIME AVAILABILITY

This site itself provides a multitude of possibilities, with 3 levels available totaling almost 23,000 sf.

A NATIONAL RETAIL DESTINATION

Within a demographic that is shifting toward younger, better educated, higher income shoppers,1535 Chestnut affords retailers a highly desirable and growing customer base.

Notable national retailers along Chestnut St include:

• Uniqlo• American Eagle Outfitters• Forever 21• Nordstrom Rack• Banana Republic Outlet• Bloomingdale’s Outlet (coming soon)• Target Express (coming soon)• Old Navy (coming soon)

BBRAHINPROPERTIES INC

The highest average daily pedestrian foot count of almost 24,000 people

Page 3: A Flagship Retail Opportunity at Philadelphia’s Highest

72'-1"

109'-3"

72'-1"

109'-3"

72'-1"

109'-3"

SECOND LEVEL

GROUND LEVEL

LOWER LEVEL

Ches

tnut

Str

eet

Ches

tnut

Str

eet

Ches

tnut

Str

eet

16th Street

16th Street

16th Street

Page 4: A Flagship Retail Opportunity at Philadelphia’s Highest

BBRAHINPROPERTIES INC

Page 5: A Flagship Retail Opportunity at Philadelphia’s Highest

A Highly Sought After Location

With the third largest downtown population in the country, Center City Philadelphia has become an attractive location for both high-end and fast-fashion retailers who value a highly concentrated, cosmopolitan and diverse customer base.

1535 Chestnut St is a prime location in Center City, situated on the northeast corner of 16th and Chestnut Sts. 16th St is the main pedestrian pathway to Suburban Station and other key Center City SEPTA transportation stops. 16th St is also the direct vehicular thoroughfare to Rt 676 with its connection to Routes I-95 and I-76, which are the main highways servicing Philadelphia.

CENTER CITY PHILADELPHIA FAST FACTS

• 180,000 residents• 300,000 workers• 121,000 college students• 1,000,000 convention attendees• 3,000,000 annually occupied hotel room nights

Market St.

Walnut St.

Kennedy Blvd.

S. Penn Sq.Chestnut St.

Filbert St.

N. 1

5th

St.

N. 1

7th

St.

CityHall

611

3

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611

611Stt.

1535Chestnut St

Arch St.

Cherry St.

Philadelphia

Sansom St.

S. B

road

St.

S. 1

5th

St.

S. Ju

nipe

r St.

S. 1

3th

St.

S. 1

2th

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S. 1

7th

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6th

St.

Philadelphia

1

276

Delawar

e Rive

r

Pennsylvania

6119576

New Jersey

676

1535 Chestnut St

Page 6: A Flagship Retail Opportunity at Philadelphia’s Highest

Foot Traffic That Drives Retail

Workers, visitors, and residents generate incredible foot traffic at 1535 Chestnut St. In fact, Philadelphia has more nearby residents walking to work than any other major American city.

1535 Chestnut St benefits from the highest foot traffic in the city, with almost 24,000 pedestrians per day during peak times.

Further, within the growing dynamic of center city foot traffic, the 1535 Chestnut St location has outpaced the city’s increased pedestrian traffic count by a wide margin, growing 48% in a one year period from October 2013 to October 2014.

In addition, the area encompassing 1535 Chestnut remains animated throughout the weekend and evening hours.

1535 Chestnut St has outpaced the city’s increased pedestrian traffic count by a wide margin, growing 48% in one year

BBRAHINPROPERTIES INC

Page 7: A Flagship Retail Opportunity at Philadelphia’s Highest

Average Hourly Pedestrian Activity by Time of Day (December 2013 - October 2014)

Average Daily Pedestrian Activity by Weekday/Weekend (December 2013 - October 2014)

Early Morning

Morning Rush Hour

Late Morning

Late Afternoon

Evening Rush Hour

Evening Late NightLunch

Aver

age

Daily

Pede

stria

n Ac

tivity

1500 Block of Chestnut1600 Block of Chestnut

0

500

1,000

1,500

2,000

Time of Day Key: - Early Morning: 4am-6am- Morning Rush Hour: 6am-9am- Late Morning: 9am-11am- Lunch: 11am-2pm- Late Afternoon: 2pm-4pm- Evening Rush Hour: 4pm-7pm- Evening: 7pm-11pm- Late Night: 11pm-4am

Ave

rage

Dai

ly Pe

dest

rian

Act

ivity

17,881

20,473

16,916

20,923

0

5,000

10,000

15,000

20,000

25,000

30,000

1600 Block of Chestnut

1500 Block of Chestnut

Weekday

Weekend

Average Hourly Pedestrian Activity by Time of Day (December 2013 - October 2014)

Average Daily Pedestrian Activity by Weekday/Weekend (December 2013 - October 2014)

Early Morning

Morning Rush Hour

Late Morning

Late Afternoon

Evening Rush Hour

Evening Late NightLunch

Aver

age

Daily

Pede

stria

n Ac

tivity

1500 Block of Chestnut1600 Block of Chestnut

0

500

1,000

1,500

2,000

Time of Day Key: - Early Morning: 4am-6am- Morning Rush Hour: 6am-9am- Late Morning: 9am-11am- Lunch: 11am-2pm- Late Afternoon: 2pm-4pm- Evening Rush Hour: 4pm-7pm- Evening: 7pm-11pm- Late Night: 11pm-4am

Ave

rage

Dai

ly Pe

dest

rian

Act

ivity

17,881

20,473

16,916

20,923

0

5,000

10,000

15,000

20,000

25,000

30,000

1600 Block of Chestnut

1500 Block of Chestnut

Weekday

Weekend

2014 Year-To-Date Pedestrian Activity by Season (December 2013 - October 2014)

1600 Block of Chestnut 1500 Block of Chestnut

Ave

rage

Dai

lyPe

dest

rian

Act

ivity

Source: Springboard Pedestrian Counts, Center City District

Spring SummerWinter* Fall

0

5,000

10,000

15,000

20,000

25,000

30,000

23,9

40

21,3

02

22,8

87

12,8

00

23,3

94

20,7

34

22,0

28

14,3

18

Page 8: A Flagship Retail Opportunity at Philadelphia’s Highest

Desirable Daytime Population

1535 Chestnut draws from a highly skilled, well-educated, private-sector workforce of nearly 300,000 people that generated over $13 billion in payroll in 2011.

The number of workers within a walkable one-mile radius of 1535 Chestnut is 18 times higher than the number of workers within a one-mile radius of the largest suburban malls in the Philadelphia metropolitan area.

In addition to daytime employees, 1535 Chestnut also benefits from over 1 million convention attendees annually.

Source: OnTheMap - 2011, Local Employment Dynamics Partnership, U.S. Census Bureau

Worker Age Earnings

Retail Area Workers29 or

Younger 30-54 55 or Older$1,250/mo

or Less $1,251-$3,333/moMore than $3,333

per Month

Center City 251,498 52,511 149,420 49,567 30,239 70,028 151,231

King of Prussia Mall 28,400 8,290 15,293 4,817 5,500 6,962 15,938

Cherry Hill Mall 14,222 4,349 7,121 2,752 4,232 4,436 5,554

Workers Within a One-Mile Radius

Center City has nearly a 300,000 person workforce that generates over $13 billion in payroll

BBRAHINPROPERTIES INC

Page 9: A Flagship Retail Opportunity at Philadelphia’s Highest

Residential Density and Growth

The center city residential population surrounding 1535 Chestnut has grown considerably to 180,000 over the last 10 years, making it the third largest downtown population in the U.S.

Fueling this growth are Millennials, entering their peak consumer-spending years, which represent more than 29% of the downtown’s population. Center City’s purchasing power is increasing, with household incomes averaging more than $107,000 and 75% of residents holding at least a bachelor’s degree.

In addition, residential growth has also been driven by an increasing number of families with children choosing to live in Center City. Since 2000, more than 26,500 children were born to Center City parents and the 2010 Census documented a 42% increase in the number of children under the age of five.

Residential growth has also been driven by an increasing number of families with children choosing to live in Center City.

Page 10: A Flagship Retail Opportunity at Philadelphia’s Highest

Surrounding Retailers

Retailers surrounding 1535 Chestnut represent a varied mix of desirable businesses that make this area the epicenter of shopping among urban consumers.

It’s no surprise that the businesses on these corridors are a veritable who’s who among notable and national retailers.

NOTABLE CHESTNUT ST RETAILERS INCLUDE:

• Allen Edmonds• American Eagle Outfitters• Banana Republic• Bloomingdale’s Outlet (coming soon)• Boconcept• Boyds• Chipolte Mexican Grill• CVS• Del Frisco’s• Express• Footlocker• Forever 21• Fye• Gap• H&M• Indochino• J Crew• Jason Matthew• Knitwit• Men’s Wearhouse• Modell’s Sporting Goods• Nordstrom Rack• Old Navy (coming soon)• Rite Aid• Ruby Tuesday• Sephora• Sleepy’s• Staples• Starbucks• T-Mobile• Target Express (coming soon)• Uniqlo

NOTABLE WALNUT ST RETAILERS INCLUDE: • Aerosoles• Aldo• Alma de Cuba• American Apparel• Ann Klein• Ann Taylor• Apple• Athleta• Barnes and Noble Booksellers• Barneys New York• City Sports• Cole Han• Dr Martens• H&M• Lagos• Loft• Lucky Brand• Michael Kors• New Balance• Ralph Lauren• Steve Madden• Stuart Weitzman• Talbots• Theory• Tiffany & Co• Timberland• Tumi• Ulta• Urban Outfitters• Vans• Vince• Zara

Page 11: A Flagship Retail Opportunity at Philadelphia’s Highest

Walnut Street Chestnut Street

Broad Street

15th St

16th St

17th St

18th St

20th St

LibertyPlace

Express

RittenhouseSquare

JcrewUniqlo

19th St

1535 Chestnut St

CityHall

Indochino

Mens Wearhouse

H&M

Ruby Tuesday

Chipolte

Nordstrom Rack

Forever 21

Sephora

DiBruno Bros

CamperAllen Edmonds

Boconcept

American Eagle Outfitters

Knitwit

Jason Matthew

T-Mobile

Blue Sole Shoes

Joan Shepp

Starbucks

Capital Teas

Boyds

Valiant

Blink

CVS

Gap Banana Republic Factory Store

Saxby’s Coffee

Barney’s New York

Anthropologie

LagosTumiLoftH&M

Athleta

ZaraDr Martens

Vans

Madewell

TD BankAnn TaylorAnn KleinStuart WeitzmanTimberlandMichael KorsVince

Aerosoles

Urban Outfitters

Alma de Cuba

UltaJack WillsAPPLENew Balance

American Apparel

Calypso

Lucky Brand

Theory

True Religion

City Sports

Cole Han

Modell’s Sporting Goods

FootlockerWells Fargo

Cheesecake Factory

Finish Line

H&R BlockQuizno’s

Staples

Del Frisco’s

Sleepy’s

Fye

Capital Grille

Banana RepublicRalph Lauren

Tiffany & Co

Williams and Sonoma

Thw Walking Company

LA Fitness

Lacoste

Barbour

North Face

DieselGap

T-Mobile

Chipolte

GuessLush

Starbucks

Qdoba

Ritz Carlton

Page 12: A Flagship Retail Opportunity at Philadelphia’s Highest

1535 Chestnut Suite 200Philadelphia PA 19102Tel: (215) 563-7222Fax: (215) 563-2449Email: [email protected]

B r a h i n p r o p e r t i e s . c o m

For more information regarding this one-of-a-kind retail opportunity, please contact:

BBRAHINPROPERTIES INC