A PROJECT 1200 Route 206 Montgomery Township, NJ · PDF file1200 Route 206 Montgomery...

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1200 Route 206 Montgomery Township, NJ 08540 www.montgomerypromenade.net A PROJECT

Transcript of A PROJECT 1200 Route 206 Montgomery Township, NJ · PDF file1200 Route 206 Montgomery...

Page 1: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

1 2 0 0 R o u t e 2 0 6 M o n t g o m e r y T o w n s h i p , N J 0 8 5 4 0

www.montgomerypromenade.net

A PROJECT

Page 2: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

CENTRAL SQUARE MONTGOMERY PROMENADE

WELCOME TOMONTGOMERYMontgomery Promenade is a 300,000 square foot regional shopping/entertainment de-velopment located in the heart of the true “Princeton” demographic, which is widely rec-ognized to be among the wealthiest and most educated regions in the nation. While this trade area is signicant, with almost 200,000 people, it is vastly underserved in almost every facet of shopping, dining and entertainment experiences. Montgomery Promenadeis intended to satisfy these needs and is close enough to Princeton University and con-venient enough to the regions to the south to attract a customer that would otherwise prefer to avoid the perils of Route 1. Most important, Montgomery Promenade will easily accommodate the needs of customers to the north, west and east, which are equally as

wealthy and underserved but completely out of reach of Route 1. The convenience of thisregional shopping and entertainment destina-tion is unmatched as Montgomery Promenade is strategically positioned at the intersection of the region’s prominent corridors Route 206 (north/south) and Route 518 (east/west). While designed for this stronger regional draw, the shopping center also features many softer “Town Center” elements that include a Main Street boulevard that traverses through the center of the project with wider sidewalks, patio areas, bike paths, parks and an attractive streetscape. These details pro-vide a pleasant, pedestrian friendly experience and a community focal point that appeals to a more afuent customery.

Page 3: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

CENTRAL SQUARE MONTGOMERY PROMENADE

30,250 10,701$

$162,030 82,978 29,790$

$165,886 234,467 86,936$

$139,956

ROADWAY Weekday Saturday Sunday

Route 206 20000 17000 15000

Route 518 11000 7500 6500

Roadway A 8000 9000 8500

Route 206 Route 518 Roadway A POPULATION POPULATION POPULATIONHOUSEHOLDS HOUSEHOLDS HOUSEHOLDSAVG INCOME AVG INCOME AVG INCOME

BY THENUMBERS

TRAFFICC O U N T S I NTHE AREA

5Minutes

10Minutes

15Minutes

• Berlitz International • Bloomberg Financial • Bristol-Myers Squib • Capital Healthcare • Dow Jones & Company • FMC Corporation • Helene Fuld Medical Center • Hyatt Regency Hotel • Johnson & Johnson • Lockhead Martin • Merril Lynch • Princeton University

TOP AREA EMPLOYERS

72%*Over the age of 40

Population within 5 miles with a Bachelor’s Degree or Higher

Montgomery Township is located in the heart of Somerset County, NJ. With a pop-ulation of 22,746 people based on the 2015 data release has the population continuing to grow as NJ residents continue to demand for great schools. Montgomery High School was recently ranked #16 in the state of NJ. With such a high ranking the home values have remained very strong and inventory has

remained low. The township is served by two main highways, Route 208 and Route 518. NJ Transit for the Northeast Corridor serves many residents which is close by at Princeton Junction. There is also an airport with a 3,500 long by 75’ wide run-wayservicing the area with small propeller planes and helicopters. Although the community contin-ues to carry at great rural feel there is a need for a speacial place that needs to be developed.

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CLOSEST COMPETITIVE RETAIL1. PRINCETON CENTER - 2.5 MILES2. PALMER SQUARE - 4 MILES3. MARKETFAIR - 7.5 MILES4. QUAKER BRIDGE MALL - 9 MILES

TRADEAREA

POPULATION184,731

AVERAGE HOUSEHOLD INCOME$162,226

MONTGOMERY

PRINCETON

HOPEWELL

HILLSBOROUGH

FLEMINGTON

BRIDGEWATER

KENDALL PARK

SOUTHBRUNSWICK

PLAINSBORO

PRINCETONJUNCTION

EAST WINDSOR

NUMBER OF HOUSEHOLDS

67,073EDUCATION:BACHELORSDEGREE ORHIGHER59%

DAYTIMEPOPULATION97,005EMPLOYEES7,558BUSINESSES

2

1

3

4

Page 5: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

RETAILAREA

TOTAL RETAIL EXPENDATURE$4.67B

TOTAL NON-RETAIL EXPENDATURE$5.72B

TOTAL ANNUAL CONSUMER EXPENDATURE STATISTICS (10 Mile Radius)

FOOD &BEVERAGE$1.43B

ENTERTAINMENT$595M

APPAREL$370MGIFTS$305M

PALMER SQUARE - 4 MILES MARKETFAIR - 7.5 MILES

QUAKER BRIDGE MALL - 9 MILES

Page 6: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

300,000+

SQUARE FEET

Since there is not a downtown in Montgomery Township, there is a pent up demand for a Town Center. Therefore Madison Marquette has cre-ated a desination that not only has convenient, everyday shopping but also a place where peo-ple want to stay for hours on end. The project is anchored by a 60,000 sf Frank’s Theater with 11 screens, 16 lanes of bowling and a 5,000 sf sports bar. The rest of the center is designed with a main street type theme including res-turants, high end shopping and a 1 acre green space for outside entertainment. The total has 300,000+ sf with everything from coffee to day care to specialty boutiques to some of New Jer-sey’s top restaurants.

The center is complimented with a contemporary designed bypass road and roundabout including 33 single family lots for those who choose to live near the action but also choose to live far enough away to enjoy everything Montgomery has to offer. Architecture and Landscaping will rival anything found in the state but keep with the very desireable Montgomery feel.

• 10,000 VPD through new bypass road • 21,000 VPD through Route 206 • 14,000 VPD through Route 518

10,000 VPD

21,000 VPD

14,000 VPD

Page 7: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

A carefully curated group of various retailers including local, regional and national tenants. This strategic selection of tenants will ensure that the shopping experience at Mongomery Promenade can draw consumers from a larger area than most retail centers in the area.

PREMIUM SHOPPING

EXPERIENCEPREMIUMSHOPPING

PREMIUMSHOPPING

95,000SQUARE FEETSHOPPING

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The premium dining experience will be anchored by 4 full service high end resturants from oporators from New York to Philadelphia. In addition to these best in class resturants, Montgomery Promenade will also feature multiple diverse dining choices for its consumers making it a destination for a unique dining experience.

PREMIUM DINING

EXPERIENCEPREMIUMDINING

PREMIUMDINING

30,000SQUARE FEETDINING

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FRANK THEATRES

Anchored by a 60,000+ square foot entertainment center which can not be rivaled by anywhere else in the state. The Franks Theatre will consist of 11 state-of-the-art stadium seating theatre screens, 16 bowling lanes and a 5,000 square foot sports bar with televisions for endless sports viewing.

PREMIUMENTERTAINMENTEXPERIENCE

• 11 Screens• 16 Bowling Lanes• 5,000+ square foot Sports Bar

PREMIUMENTERTAINMENT

60,000SQUARE FOOTTHEATER

Page 10: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

Montgomery Promenade features an acre of programmed green space. Seasonal plans for this space include winter ice skating, summer concerts and weekly farmers markets which help form a unique bond with the community, ensuring that Montgomery Promenade is a family destination for all seasons.

CENTRAL SQUARE

EXPERIENCENATURE OUTDOORS

PREMIUMGREEN SPACE

1ACREOF ACTIVEGREEN SPACE

• Concerts• Farmers Markets• Ice Skating• Connection to township bike path

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MONTGOMERYPROMENADE

Page 12: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

NOW LEASINGMONTGOMERY

PROJECT MANAGEMENT:

John Muly [email protected] 732.481.2096

CONTACT LEASING:

John-david W. Franklin CRX CLX [email protected] 215.399.5606

Michele Wilk Real Estate Broker M. Wilk Consulting [email protected] 732.528.8509

Madison Marquette is a private, fully integrated real estate investment management and operating compa-ny providing a comprehensive set of services to institutional investors in retail, mixed-use and office assets in top-tier markets across the United States. Since the firm’s inception in 1992, Madison Marquette has worked with a premiere group of partners and clients to define and execute accretive plans to success-fully achieve investment objectives. Madison Marquette has been rec-ognized as a thought-leader and innovator in the real estate industry – with a keen ability to identify trends impacting real estate investments and to strategically incorporate these trends into the firm’s invest-ment, planning, development, asset management, leasing and operating strategies.

Page 13: A PROJECT 1200 Route 206 Montgomery Township, NJ  · PDF file1200 Route 206 Montgomery Township, NJ 08540   A PROJECT

1 2 0 0 R o u t e 2 0 6 M o n t g o m e r y T o w n s h i p , N J 0 8 5 4 0

www.montgomerypromenade.net

A PROJECT