victoria’s secret the cheesecake factory crate & …...morton’s the steakhouse the...

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SCOTTSDALE, AZ MARKET PROFILE 2018 FOR INFORMATION: 602-953-6200 Macerich.com PROPERTY TYPE: Outdoor Luxury Lifestyle Center TOTAL SQUARE FEET: 435,000 MAJOR RETAILERS: Alex and Ani, Anthropologie, Arhaus, Athleta, Chico’s, Coach, Cos Bar, Crate & Barrel, Hanna Anderson, Madewell, Michael Kors, Poery Barn Kids & Teen, Sundance, Sur La Table, Tommy Bahama, Vera Bradley, Victoria Secret RESTAURANTS & ENTERTAINMENT: Bar NoRTH, The Cheesecake Factory, Chloe’s Corner, The Greene House, Mastro’s Ocean Club, The Mission, NoRTH, P.F. Chang’s China Bistro, Posno WineCafé, Shake Shack, Snooze, an A.M. Eatery, Tocaya Organica, Tommy Bahama Restaurant & Bar, Zinc Bistro BUILT: 2000

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Page 1: VICTORIA’S SECRET THE CHEESECAKE FACTORY CRATE & …...morton’s the steakhouse the cheesecake factory crate & barrel p.f. chang’s china bistro chico’s mastro’s ocean club

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S C O T T S D A L E , A Z

M A R K E T P R O F I L E 2 0 1 8

FOR INFORMATION:602-953-6200Macerich.com

PROPERTY TYPE: Outdoor Luxury Lifestyle Center

TOTAL SQUARE FEET:435,000

MAJOR RETAILERS:Alex and Ani, Anthropologie, Arhaus, Athleta, Chico’s, Coach, Cos Bar, Crate & Barrel, Hanna

Anderson, Madewell, Michael Kors, Pottery Barn Kids & Teen, Sundance, Sur La Table,

Tommy Bahama, Vera Bradley, Victoria Secret

RESTAURANTS & ENTERTAINMENT:Bar NoRTH, The Cheesecake Factory, Chloe’s Corner, The Greene House, Mastro’s Ocean

Club, The Mission, NoRTH, P.F. Chang’s China Bistro, Postino WineCafé, Shake Shack,

Snooze, an A.M. Eatery, Tocaya Organica, Tommy Bahama Restaurant & Bar, Zinc Bistro

BUILT:2000

Page 2: VICTORIA’S SECRET THE CHEESECAKE FACTORY CRATE & …...morton’s the steakhouse the cheesecake factory crate & barrel p.f. chang’s china bistro chico’s mastro’s ocean club

POPULATION

2017 Total Population 247,489 880,053 4,732,910

2022 Total Population 265,314 953,407 5,168,956

2017-2022 Population Growth 7.2% 8.3% 9.2%

HOUSEHOLDS

2017 Total Households 107,985 371,032 1,718,173

2022 Total Households 115,526 401,706 1,870,719

2017-2022 Household Growth 7.0% 8.3% 8.9%

INCOME

Average Household Income $137,060 $96,629 $77,596

Median Household Income $90,299 $62,445 $56,081

Per Capita Income $59,983 $41,118 $28,544

HOUSEHOLD INCOME RANGES

$50,000 + 77,794 72.0% 222,479 60.0% 967,491 56.3%

$75,000 + 62,291 57.7% 159,709 43.0% 635,755 37.0%

$100,000 + 49,910 46.2% 116,370 31.4% 414,050 24.1%

$150,000 + 31,642 29.3% 63,122 17.0% 179,338 10.4%

AGE

Median Age 48.1 40.0 35.8

EDUCATION/OCCUPATION LEVELS

Bachelor’s Degree Plus 106,119 57.1% 273,011 44.4% 921,722 29.6%

White Collar 103,929 81.4% 324,038 71.1% 1,354,579 62.6%

RACE/ETHNICITY

White 216,422 87.4% 703,714 80.0% 3,328,404 70.3%

Black 4,737 1.9% 30,623 3.5% 263,295 5.6%

American Indian 1,736 0.7% 14,524 1.7% 120,541 2.5%

Asian 12,081 4.9% 36,224 4.1% 187,080 4.0%

Pacific Islander 221 0.1% 1,320 0.1% 10,871 0.2%

Other Race 12,292 5.0% 93,649 10.6% 822,719 17.4%

Hispanic or Latino 20,570 8.3% 167,446 19.0% 1,463,133 30.9%

Not Hispanic or Latino 226,919 91.7% 712,607 81.0% 3,269,777 69.1%

DAYTIME EMPLOYMENT

Total Businesses 15,635 41,297 135,011

Total Employees 183,158 505,043 1,822,799

Source: U.S. Census Bureau. ESRI 2017

PHOENIX-MESA-SCOTTSDALE, AZ [MSA]

DEMOGRAPHIC SUMMARY

PRIMARY TRADE AREA TOTAL TRADE AREA

Page 3: VICTORIA’S SECRET THE CHEESECAKE FACTORY CRATE & …...morton’s the steakhouse the cheesecake factory crate & barrel p.f. chang’s china bistro chico’s mastro’s ocean club

Greenway Pkwy

Greenway-Hayden Loop

TRADE AREA MAP

N

LEGEND

KIERLAND COMMONS

PRIMARY TRADE AREA

SECONDARY TRADE AREA

COMPETITIVE CENTERS

OTHER CENTERS

Page 4: VICTORIA’S SECRET THE CHEESECAKE FACTORY CRATE & …...morton’s the steakhouse the cheesecake factory crate & barrel p.f. chang’s china bistro chico’s mastro’s ocean club

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UPDATED 3/18

Page 5: VICTORIA’S SECRET THE CHEESECAKE FACTORY CRATE & …...morton’s the steakhouse the cheesecake factory crate & barrel p.f. chang’s china bistro chico’s mastro’s ocean club

MARKET FACT SHEET

KIERLAND COMMONS HAS A VERY AFFLUENT SHOPPER WITH AN

AVERAGE HOUSEHOLD INCOME OF $154,000, WELL ABOVE THE TRADE AREA

AVERAGE OF $93,000

MORE THAN 100,000 SQUARE FEET

OF CLASS A OFFICE SPACE ON PROPERTY

MULTI-FAMILY RESIDENTIAL GROWTH, WITHIN WALKING DISTANCE

RECENTLY OPENED OVER 500 CLASS A UNITS,

800 UNDER CONSTRUCTION AND 500 PROPOSED BY 2019

WITH AN ANNUAL ECONOMIC IMPACT OF $2 BILLION,

MAYO CLINIC IS RANKED #1 AS THE BEST HOSPITAL IN ARIZONA

AND RECENTLY COMPLETED A $312 MILLION EXPANSION.

PARTNERING WITH ASU, MAYO OPENED A 150,000-SQUARE-FOOT

INNOVATION CENTER.

YEARLY SALES

LESS THAN 5 MILES FROM WORLD CLASS SIGNATURE EVENTS,

BARRETT-JACKSON, PGA WASTE MANAGEMENT PHOENIX OPEN & BENTLEY

POLO CHAMPIONSHIP HAVE A COMBINED ATTENDANCE

OF OVER 1 MILLION AND ECONOMIC IMPACT OF NEARLY $450 MILLION

LESS THAN A MILE AWAY FROM KIERLAND THE SCOTTSDALE AIRPARK AREA IS ONE OF THE LARGEST EMPLOYMENT CENTERS IN ARIZONA WITH OVER 55,000 EMPLOYEES AND 3,000 COMPANIES - INCLUDING GODADDY, TASER, JDA SOFTWARE, QUICKEN LOANS AND REGIONAL OPERATIONS FOR VANGUARD AND CVS HEALTH AND RECENTLY OPENED U.S. CRYOTHERAPY, PXG HEADQUARTERS, YAM CIRCLE AND THE WELL ARMED WOMAN.

SCOTTSDALE AIRPORT IS THE 21ST BUSIEST GENERAL-AVIATION AIRPORT IN THE NATION AVERAGING 157,000 TAKEOFFS/LANDINGS PER YEAR AND ONE OF THE BUSIEST CORPORATE JET FACILITIES IN THE STATE

SCOTTSDALE AIRPARK IS SPENDING $25 MILLION ON 2 NEW STATE-OF-THE-ART HANGERS FOR PRIVATE JETS, A NEW BUSINESS CENTER AND PARKING GARAGE

REPUTED AS ONE OF THE BEST COMMUNITIES TO LIVE, WORK AND PLAY, SCOTTSDALE IS RANKED #3 BEST CITY TO LEAD AN ACTIVE LIFESTYLE

- 51 GOLF COURSES IN SCOTTSDALE AND MORE THAN 200 GOLF COURSES IN THE SURROUNDING AREA

- KIERLAND HAS 12 CHEF-DRIVEN LOCAL AND NATIONAL RESTAURANTS SUCH AS MASTRO’S OCEAN CLUB, POSTINO WINECAFE, ZINC BISTRO AND THE MISSION

JAN 7.1%

FEB 8.0%

MAR 10.1%

APR 8.8%

MAY 7.7%

JUN 6.7%

JUL 5.4%

AUG 5.4%

SEP 8.1%

OCT 7.4%

NOV 9.6%

DEC 15.7%

KIERLAND COMMONS IS ANCHORED BY THE WESTIN KIERLAND RESORT & SPA, WITH 780+ ROOMS AND 27-HOLE GOLF COURSE

THE PLAZA LOFTS, LOCATED ON PROPERTY, HAVE 84 CONDOMINIUMS THAT SELL FROM $575,000 TO $3 MILLION

LOCATED MINUTES AWAY, FAIRMONT SCOTTSDALE PRINCESS RESORT HAS 640+ ROOMS

Page 6: VICTORIA’S SECRET THE CHEESECAKE FACTORY CRATE & …...morton’s the steakhouse the cheesecake factory crate & barrel p.f. chang’s china bistro chico’s mastro’s ocean club

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