uptown worthington...malvern, pennsylvania, uptown worthington is a one- of-a-kind destination with...

17
UPTOWN WORTHINGTON 1.5 MILLION SF TO LIVE, WORK & PLAY LIFESTYLE URBAN VILLAGE

Upload: others

Post on 06-Jul-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

UPTOWN WORTHINGTON1.5 MILLION SF TO LIVE, WORK & PLAY LIFESTYLE URBAN VILLAGE

Page 2: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

UPTOWN WORTHINGTONpresent

&

Malvern, pa

CONTACTGuy A. Wolfington, Jr.Director – Regional DevelopmentMLP Ventures201 King of Prussia Road – Suite 501Radnor, PA 19087Email:  [email protected]: 610-337-5577 (Direct)Mobile: 610-585-7039

Adam  KohlerEmail:  [email protected]:  484-567-2460

John  KrauseEmail:  [email protected]:  484-567-2830

Jim  CreedEmail:  [email protected]:  484-567-2801

Page 3: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

ABOUT UPTOWN WORTHINGTON1.5 MILLION SF TO LIVE, WORK & PLAY LIFESTYLE URBAN VILLAGE

Located in the heart of the affluent Main Line of Philadelphia in

Malvern, Pennsylvania, Uptown Worthington is a one-of-a-kind

destination with a unique urban village surrounded by a mix of

premier retail space, gourmet and fast-casual restaurants, luxury

apartments and hotels, and the Worthington Office Center.

Page 4: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

1.5 MILLION SF TO LIVE, WORK & PLAY LIFESTYLE VILLAGE

507,220 SF GLA Retail

• 140,000 SF Wegman’s

• 137,000 SF Target Store

• 230,220 SF Town CenterRetail

2,300 Retail Parking Spaces

115,000 SF of Class A Office Space

100,000 SF of Hotel

800,000 SF of Luxury Residential

• The Royal Worthington753 Luxury Apartments

• Hotel Worthington 150Boutique Suites

1.5 MILLION TOTAL GLA

ABOUT UPTOWN WORTHINGTON

Page 5: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

UPTOWN WORTHINGTONWE HAVE IT ALL

Sophistication. Superior Schools. Social Life.

Page 6: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

DEMOGRAPHICS

EXTREME WEALTHAverage household income over $118,000 / year in primary trade area

DAYTIME POPULATIONOver 733,000 residents in primary trade area

ULTIMATE 24 / 7 SHOPPING DESTINATIONUptown Worthington is a 1.5M SF project; including 507,220 SF of lifestyle retail, a Wegmans Food Market (opened in July of 2010), a Target store (opened in July of 2010), 115,000 SF of Class - A office space, 753 luxury residential apartments and 150 furnished presidential hotel suites

REGIONAL ACCESSIconic location directly on US Routes 202, 29 and 30 and less than two miles from the new Pennsylvania Turnpike ramp (I-76), exit 320

UNPARALLELED VISIBILITYOver 183,000 cars pass the site each day

MULTIPLE ACCESS POINTSSix access points to the site including 2 full interchanges directly off of and onto US Route 202

TRAFFIC COUNTRte. 202Rte. 30Rte. 29

75,732 vehicles per day | 113,598 people per day 24,773 vehicles per day | 37,160 people per day 35,094 vehicles per day | 52,641 people per day

PA Turnpike 47,677 vehicles per day | 71,516 people per day

67 MILLION VEHICLES PER YEAR 100 MILLION PEOPLE PER YEAR

EXTREME WEALTH

UNPARALLELED VISIBILITY

100 MILLION PEOPLE PER YEAR

Page 7: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

DAYTIME POPULATION &

CORPORATE PRESENCE

189,000 EMPLOYEES WITHIN 7 MILES

• 30 million SF of surrounding officeheadquarters within a 15 minutedrive

• 189,000 employees within 7 miles

• Vanguard Mutual Funds WorldHeadquarters surrounds UptownWorthington with 15,000employees

• Directly across from UptownWorthington sits the Great ValleyCorporate Center with over 20,000employees. Some of thecompanies in the Great ValleyCorporate Center include thefollowing:

• Amerisource Bergen

• UNISYS• Cerner Corporation (formally

Siemens)• Saint Gobain / CertainTeed

Corporation

• Teva Pharmaceuticals

• Endo

• Ikon Business Solutions

• Microsoft

• QVC

• Novavax

Page 8: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

ROYAL GROUP FINANCING SUMMARY

UPTOWN WORTHINGTON is home to massive amounts of jobs; there are

60.7 mm sf of commercial office space in the target market vs 45.9 mm sf of space within the city limits

Inventory (SF) Vacancy AVG Asking Rent (PSF)Market Class A Class B Total Class A Class B TotalRadnor 1,954,073 441,250 2,395,323 1.2% 0.0% 1.0%Main Line 733,648 1,460,414 2,194,062 3.2% 7.9% 6.3%Malvern | Exton 6,127,546 1,925,705 8,053,251 8.3% 10.5% 8.8%West Chester 669,228 1,589,353 2,258,581 2.1% 4.8% 4.0%Conshohocken 2,680,003 511,073 3,191,076 7.7% 0.0% 6.5%Norristown | Valley Forge 669,228 1,589,353 2,258,581 2.1% 4.8% 4.0%King of Prussia 4,079,334 2,312,479 6,391,813 15.6% 16.0% 15.7%Bala Cynwyd 2,259,067 1,101,340 3,360,407 8.5% 5.5% 7.5%Delaware County 3,978,692 6,202,306 10,180,998 14.8% 7.4% 10.3%Fort Washington | Springhouse 1,628,120 1,683,847 3,311,967 22.6% 14.9% 18.7%Lower Bucks County 2,933,187 3,824,503 6,757,690 28.8% 24.4% 26.3%Horsham | Willow Grove 2,271,324 1,834,401 4,105,725 7.4% 9.6% 8.4%Plymouth Meeting | Blue Bell 3,605,840 2,652,104 6,257,944 11.1% 17.0% 13.6%TOTAL 33,589,290 27,128,128 60,717,418 11.9% 11.7% 11.8%

Market Class Inventory (SF) Vacancy

South Broad Street A & B 2,853,483 4.55%A 21,717,835 8.98%B 5,236,173 10.96%

Total 26,954,008 9.36%A 2,663,256 7.73%B 2,548,929 11.07%

Total 5,212,185 9.36%A 2,710,711 10.14%B 3,415,437 19.98%

Total 6,126,148 15.63%A 1,925,165 2.07%B 1,735,938 6.69%

Total 3,661,103 4.26%Navy Yard A & B 1,095,449 3.90%

TOTAL 45,902,376 9.36%

Market Street West

Market Street East

Independence Hall

University City

PHILLY SUBURBS = BUSINESS

Page 9: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

STOP

STOP

STOP

STOP

140,000 SF

(Existing)

137,000 SF

(Existing)

PHASE I: +/-92,000 SF (Projected Delivery Q1-2017)

PHASE II: +/-225,000 SF + 330 Apartments

PHASE III: +/-105,000 SF

H O U S I N G A E R I A L – N E W D E V E L O P M E N T

Page 10: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

STOP

STOP

STOP

STOP

140,000 SF

(Existing)

137,000 SF

(Existing)

PHASE I: +/-92,000 SF (Projected Delivery Q1-2017)

PHASE II: +/-225,000 SF + 330 Apartments

PHASE III: +/-105,000 SF

Page 11: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

STREET SIDE

URBAN RETAIL

& ALFRESCO

DINING ALONG

ELEGANTLY

MANICURED

LANDSCAPED

WALKWAYS

Page 12: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

COLLABORATIVE OFFICE SPACE FOR THE SOPHISTCATED, THE

URBANITE AND THE PROFESSIONAL

PROVIDING THE RIGHT BLEND OF LIVE, WORK, PLAY AND

COLLABORATION FOR EMPLOYEES AND CUSTOMERS

The  cutting  edge  the  employee  of  today  craves

• A  creative  environment  incorporating  the  best  ofold  and  new

• Open-­‐air  lobby  with  exposed  steel  framing  andindustrial  art

• Live  Work  and  Play  environments  where  theentire  employee  life  is  contained  in  closeproximity

• Indoor  and  outdoor  amenities  including  walkingand  bike  paths,  landscaped  gardens,  high  qualityfun  dining,  roof  gardens,  rivers  and  parks

• The  incorporation  of  social  life  and  work  lifethrough  the  proximity  of  fitness,  bars,  andrestaurants

115,200 SF OF COLLABORATIVE OFFICE SPACE

Page 13: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

OVER 3 MILLION VISITORS PER YEAR

• 8,000 visitors a day with more than3,000,000 visitors per year

• Generates over $125M in annual sales

• Ranks in the top 2% of grocery stores inthe country

• Shoppers visit Wegman’s three to fivetimes a week

• Market Café offers the most diverse foodstations providing savory foodsthroughout the day with cuisines such assushi, Asian, soups, salads, subs, pizzaand more.

• The Pub – offering a cozy unique diningexperience for friends and family, locatedwithin Wegman’s Market Café

140,000 SF WEGMAN’S

Page 14: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

1.5 MILLION VISITORS PER YEAR

• Over $65M in annual sales

• 4,000 customers per day

• 1.5M visits to the store per year

• Target ranks in the top 3 ofplaces to shop with NeimanMarcus and Nordstrom’s

137,000 SF TARGET

Page 15: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

THE ROYAL WORTHINGTON

MALVERN’S MOST EXCLUSIVE RESIDENCES & FURNISHED SUITES

LUXURY RESIDENCES

253 LUXURY APARTMENTS

Located in the heart of the affluent Malvern,

Pennsylvania, The Royal Worthington allows

you to live, work and play in the one-of-a-kind

village of Uptown Worthington.

The Royal Worthington offers luxury living

complete with some of the finest amenities on

the Main Line, in addition to convenient access

to on-site shopping, dining & entertainment

just steps from your front door.

Page 16: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and
Page 17: UPTOWN WORTHINGTON...Malvern, Pennsylvania, Uptown Worthington is a one- of-a-kind destination with a unique urban village surrounded by a mix of premier retail space, gourmet and

CONTACTGuy A. Wolfington, Jr.Director – Regional DevelopmentMLP Ventures201 King of Prussia Road – Suite 501Radnor, PA 19087Email:  [email protected]: 610-337-5577 (Direct)Mobile: 610-585-7039

Adam  KohlerEmail:  [email protected]:  484-567-2460

John  KrauseEmail:  [email protected]:  484-567-2830

Jim  CreedEmail:  [email protected]:  484-567-2801

UPTOWN WORTHINGTONpresent

&

Malvern, pa