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BUSINESS CARD DIE AREA
225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 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).A Simon-Managed Property Information as of 5/1/16 JERSEY CITY (METRO NEW YORK), NEW JERSEY
Just across from Manhattan on the banks of the Hudson River, Newport Centre is a dynamic hub for top-performing retail, upscale living, major corporations and rapid transit.
— Its strategic location in the heart of Jersey City’s burgeoning Newport Hudson Waterfront makes Newport Centre the county’s premier shopping destination. The center offers tax-free pricing on apparel, making it a magnet for fashion-forward shoppers.
— Newport Office Center, which includes eight towers and is located directly across the street, is ranked as having the 13th highest office density in the country and houses 30,000 office employees of which 97% shop at Newport Centre.
— Newport’s economic sphere is now one of the fastest growing as Fortune 500 companies such as Forbes Media, Chase Manhattan Bank, JP Morgan, UBS, VF Sportswear, and others continue to bring their business to the area.
— Jersey City’s unemployment rate has dipped to 4.1 percent, the lowest the city’s jobless rate has been in 25 years.
THE CENTER OF OPPORTUNITY
Positioned directly above terminals for the PATH train and Hudson Bergen Light Rail adjacent to the Holland Tunnel, Newport Centre benefits from an impressive built-in commuter gateway base to and from the city. On average, more than six million consumers travel through Newport Centre weekly.
Light Rail 280,000 weekly riders
Path 5,449,000 weekly riders
Holland Tunnel 90,700 vehicles daily
MASS-TRANSIT GATEWAY
THE BUSINESSOF BUSINESS
A substantial workforce of young, upwardly mobile professionals make up the significant daytime population. More than 79,000 potential shoppers work within one mile of Newport Centre.
A total of 17 million square feet of office space is within walking distance.
Eight buildings with 5.6 million square feet of office space are directly across the street, housing more than 50 major worldwide corporations, including:
— JP Morgan Chase — HSBC — Cigna Healthcare — UBS Financial Services — Citi Group — Fidelity Investments — ABN Amro — Mellon Bank — Charles Schwab — U.S. Trust — Royal Bank of Scotland
In addition, Forbes Media leased 93,000 square feet in Newport Office Center III, just steps from the mall, that will add 350 jobs in the next 10 years.
DESTINATIONSHOPPING
The center is in close proximity to six area hotels.
— Many professionals who travel on business stay at those hotels during the week.
— Spouses and children will often stay at the hotel and shop at Newport Centre, sightsee in New York City (10-minute trip via PATH located across the street from the mall) or visit local attractions such as the Statue of Liberty, Liberty Science Center, or Ellis Island.
— Jersey is becoming an attractive alternative area for New York City visitors to stay as they are able to avoid paying premium NYC hotel rates while having convenient access to Manhattan.
— Jersey City has emerged as a destination of choice and is the fastest-growing metropolitan area in New Jersey.
A thriving residential market surrounds Newport Centre in Hoboken.
— Just one stop north, the average household income tops $117,000.
— More than 51% of households earn more than $100,000, ranking Newport Centre third in the Simon portfolio for households with $100K+ within three miles.
— 19 apartment and three condominium towers provide high-rise luxury living with breathtaking views of New York City and are located within several blocks from the mall.
— 21 new residential buildings are being developed, including 9,000 units under construction and 37,000 more approved for future development.
WEALTHYSURROUNDINGS
EVOLVING OUR STYLE
Newport Centre is in the middle of a significant, multi-stage repositioning within a strong and diverse market.
— A plan to increase the quality of retailers, increase market share, and grow value began in 2013 with the opening/remodel of 20 new retailers.
— A multimillion-dollar Dining Pavilion renovation followed in 2014 along with the addition of nine new retailers.
— A new grand entrance was created in late 2015 along with the opening of The Cheesecake Factory.
— The plan continued with the addition of a 25,000-square-foot Zara store in 2016.
— Sam Fox’s Zinburger Wine & Burger Bar concept will open Summer 2017.
Anchored by Four Department StoresMacy’s, JCPenney, Sears, Kohl’s
Square FootageNewport Centre spans 1,140,000 square feet.
Three LevelsBoasting more than 130 specialty stores.
Restaurants and EntertainmentHome to a recently renovated 11-screen AMC Theatre and a redesigned 1,000-seat Dining Pavilion with 20 eateries. Sit-down restaurant options include The Cheesecake Factory, Panera Bread, and Zinburger Wine & Burger Bar opening in 2017.
BY THENUMBERS
Distinctive. Classic. Delicious.
Many fine brands have chosen Newport Centre as their preferred location in the Jersey City market.
— A|X Armani Exchange — adidas — Coach
— Express — Forever 21
— GODIVA — LOFT
— Panera Bread — Starbucks
— Swarovski — Teavana
— Victoria’s Secret — Zinburger Wine & Burger Bar (Coming Soon)
IN GOODCOMPANY
POSITIONEDTO SUCCEED
Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).
Newport Centre is located in Jersey City, New Jersey, across the Hudson River from Manhattan.
— Its convenient location provides easy access to all forms of mass transportation—Newport PATH Station (services Manhattan’s Wall Street area and Penn Station), Hoboken train and ferry terminals, and the Hudson-Bergen Light Rail service.
— Additionally, it is located next to the Holland Tunnel, which connects Manhattan to Jersey City.
20162021
595,448611,112
20162021
235,701
243,341
2021 $101,4792016
2016
$88,624
214,314
2016 $381,274
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Cli�side ParkEast Rutherford
Elmwood Park
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Fort Lee
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TRADE AREA BOUNDARY
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MILES
1 Newport Centre 2 American Dream Meadowlands (Future) 3 City Place at the Promenade 4 Harmon Cove 5 Hudson Mall 6 King's Plaza
7 Livingston Mall 8 The Mall at Short Hills 9 Menlo Park Mall10 The Mills at Jersey Gardens 11 Promenade Shops at Clifton12 Queen's Center
13 The Shops at Riverside14 Staten Island Mall15 West�eld World Trade Center16 Willowbrook17 Woodbridge Center
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TRADE AREA & COMPETITION
Simon CentersCompetition
AERIAL OVERVIEW
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NEWPORT CENTRE
NEWPORT PLAZA
HUDSON RIVER
SEARS
N
LUIS MUNOZ - MARIN BLVD.
1-78
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MACY’S
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AMC LOEWSNEWPORT CENTRE 11
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NORTHEAST AERIAL VIEW
N
HOBOKEN
SITE PLAN
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6TH
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NEWPORTOFFICE
CENTER V
NEWPORTOFFICE
CENTER IV
NEWPORTOFFICE
CENTER III
NEWPORTOFFICETOWER
THE WESTIN
MACY’SKOHL’S
JCPENNEYSEARS
AMC LOEWS NEWPORT CENTRE 11(LEVEL III)
THE CHEESECAKE FACTORY
KEYDEPARTMENT STORESRESTAURANTRETAILTHEATER
SITE PLAN
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PATH TRAIN
THE LIGHT RAILZINBURGER WINE & BURGER BAR(COMING SOON)
UNIQUE OPPORTUNITY
Newport Centre presents a unique opportunity for your brand.
Please contact the following leasing professional for more information.
Tom Hanchar (317) 263-7120 [email protected]
225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 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).