aerial overview - pacific retail · 2019-12-12 · located in the heart of new york’s capital...
TRANSCRIPT
Located in the heart of New York’s Capital Region, Colonie Center a 1.3 million
square-foot enclosed, regional shopping center with over 100 specialty stores.
Anchored by Boscov’s and Macy’s, Colonie Center is home to many stores that
are unique to the market—from the first L.L. Bean retail store in New York State
to the only P.F. Chang’s China Bistro in the Capital Region. The center is just
five minutes from the Albany International Airport and major hotel chains, and
is accessible from Interstates 87 and 90. Positioned in New York’s Tech Valley,
Albany is the fastest growing high tech community in the country.
Colonie Center completed a $9.1 million center-wide renovation. New lower level
restrooms have been added along with a state-of-the-art family lounge facility to
provide nursing rooms, changing stations, and a television lounge for shoppers
with young children. Colonie Center’s center court, food court, and seating areas
have also received modern updates including an updated center court fountain and
iPad stations for shopper use. The new upgrades bring an unparalleled shopping
experience to the region, helping Colonie Center rank as the Capital Region’s ‘Best Of’
Shopping Center for 12 years in a row, based on a Times Union readers’ poll.
Albany, NY
1,334,405TOTAL SQAURE FEET CENTER GLA TOTAL RETAILERS
100+ANNUAL SALES
$300+MMSALES PER SQUARE FOOT
$450PARKING SPACES
5,273LEVELS
3
AERIAL OVERVIEW
SCHOOL ENROLLMENT INFORMATIONSorted by Enrollment Count and Distace From Center
1. Colonie Central High School
2. University at Albany
3. SUNY Polytechnic Institute
4. Siena College
1,557 | 1.1 miles
17,280 | 2.3 miles
3,023 | 2.1 miles
3,174 | 4.7 miles
SCHOOLs AND CRITICAL SITES
1
2
3
4
I-87 - The NorthwayApproximately 98,438 vehicles per day pass Colonie Center
I-90 75,800 vehicles per day pass the exits surrounding Colonie Center
albany international airport3.1 miles away from Colonie Center
the towers at colonie601 Units
staybridge suites112 Guest Suites
Schools & Universities
Critical Sites
90
1 MILE 3 MILES
87
WOLF ROADApproximately 67,626 vehicles per day
WOLF ROAD
ALBANY LIFESTYLE
LIVEAlbany is ranked as one of the top ten safest places to
live in the country and is New York State’s most affluent metro area outside the New York City metropolitan
region. The average household income is over $93,439 with a total population of 721,491 within a 20-mile
radius. 30.72% have an average household income in excess of $100,000 or more. From the Helderbergs to
the shores of the mighty Hudson, Albany County is a unique blend of urban excitement and rural relaxation.
PLAYWith museums, Thompson Lake State
Park, historical landmarks, distilleries and breweries, Howe Caverns, and more, the trade area is prime for locals and visitors
alike. Home to the arena football team Albany Empire, and the minor league
baseball team the Tri-City ValleyCats, Albany is known for its family fun activities. From
a tulip festival showcasing over 200,000 variations of tulips to outdoor concerts
along the Hudson River, Albany continues to thrive. Each summer Saratoga Race
Track draws an estimated attendance of 1.1 million people running six days a week for
6.5 weeks. Families, horse enthusiasts, and trainers come from all over the United States
to enjoy a summer at the track.
SCHOOL22 Colleges and Universities within 50 miles with an
economic impact of over $200 million. The student population of over 75,000 graduate from well-
known universities such as Union College, Rensselaer Polytechnic Institute, Skidmore College, Siena College,
and the State University at Albany.
WORKAs the capital of New York, Albany is the hub of the
Northeast and home to over 490,000 office workers. With 80,545 state, local, and federal employees, a network of
service industries, especially restaurants and food stores, law firms, and related businesses, has grown in Albany to serve the needs of government. Plus, the region has
emerged on the international stage as the “Tech Valley” region encompassing 21,000 businesses, schools, and
organizations that employ more than 531,000 workers.
VISITIdeally positioned, Albany is easily
accessible via road, rail, and air, and is a popular day trip locale for residents of the
Adirondacks and Saratoga to the north, the Catskills and Hudson Valley to the south, the Berkshires and Vermont to the east,
and the Finger Lakes region to the west. It is a three hour drive from New York City
and Boston and a four hour drive from Montreal. Plus, Rivers Casino & Resort at Mohawk Harbor, which opened in 2017
just 16 miles west of Colonie Center, draws an estimated 2.8 million visitors annually to
the area.
lower level lease plan
Key Tenants
FUTUREDEVELOPMENT
Key Tenants
upper level lease planFU
TURE
DEV
ELOP
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Equipment RoomOffice Storage
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CHILDREN'S PLAY AREA
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September, 2019
SITE PLAN
NParking: 5,273 SpacesSmall Shops Anchor/Mini-Anchor Pads
site plan
FUTUREDEVELOPMENT
511,919TRADE AREA POPULATION
Demographics
HOUSEHOLDS
PEOPLE
PEOPLE OWNTHEIR OWN HOME
56%AVERAGE
HOUSEHOLD INCOME
$89,333 MARKET VALUE
OF OWNED HOME
$214,180 AVERAGE TIME
IN PRESENT HOME
19 YEARS
BACHELORSDEGREE OR HIGHER
35.6%EMPLOYED WITH
WHITE COLLAR JOBS
68.1%
MEDIANAGE
38.4ARE
MARRIED
48%
at a glance
65+ACTIVATIONS PER YEAR
77K EMAIL SUBSCRIBERS
50K+ MONTHLY WEBSITE VIEWS
39K social media followers
Santa ArrivalEgg Hunt
Colonie Creepy CraZENoon Year’s Eve
Evening of GivingTrunk or Treat
START WITH A CART
distinction
A PAC I F I C R E TA I L P R O P E R T Y
Contact UsLEASING INFORMATION
131 Colonie Center Albany, NY 12205 | 518.459.9020 #231 | [email protected] | shopatcoloniecenter.com
@ColonieCenter
201.694.3210Clifton Realty [email protected]
STEPHEN CASSELLA
315.396.1555Clifton Realty [email protected]
WILLIAM CAPPELLETTI