uptown worthington...malvern, pennsylvania, uptown worthington is a one- of-a-kind destination with...
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UPTOWN WORTHINGTON1.5 MILLION SF TO LIVE, WORK & PLAY LIFESTYLE URBAN VILLAGE
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
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.
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
UPTOWN WORTHINGTONWE HAVE IT ALL
Sophistication. Superior Schools. Social Life.
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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
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
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
STOP
STOP
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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
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
STREET SIDE
URBAN RETAIL
& ALFRESCO
DINING ALONG
ELEGANTLY
MANICURED
LANDSCAPED
WALKWAYS
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
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
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
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.
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