Coral Springs Retail Outlook 2015

The Walk at University

When the City of Coral Springs began to take shape more than 50 years ago, developers had one thing in mind.

They wanted to make Coral Springs a community that families would flock to, so their plans included plenty of amenities and conveniences, with planned residential subdivisions

surrounded by shopping areas and more than 750 acres of parks and open spaces.

Our residents enjoy an unsurpassed quality of life, and our businesses continue to thrive as they serve a diverse and growing population.

Now, with exciting plans underway to reinvigorate Downtown Coral Springs, we really do have...

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E BETTER THAN EVERCoral Springs is the premier community in which to live, work and raise a family. The City of Coral Springs is well known as one of the most successfully planned suburban communities in the country. Incorporated in 1963, the diversity, character and quality of our community attributes including schools, parks, economic development and fiscal integrity, are enviable.

FAMILY-FRIENDLY Our quality of life defines the hometown feel of our community. We have one of the safest crime ratings in the state, grade A+ schools, and a dedication to arts and culture. We capitalize on the strength in our diversity, and embrace all with our inclusive, welcoming nature. With some of the best facilities in the nation, we host many athletic tournaments year-round. Olympians train at our renowned Aquatic Complex, also home to national and international swimming and diving meets. The Tennis Center of Coral Springs features 12 Har-Tru courts and offers training programs for all ages. The Gymnasium keeps busy with gymnastics, cheerleading, netball and wrestling tournaments, and our 48 well-maintained parks support the communitys obsession with soccer, baseball and lacrosse. Its clear to see we have a lot to cheer about.

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ETHRIVING BUSINESSES The City encourages and provides support through its Community Redevelopment Agency and Economic Development Office, including services for redevelopment, relocation, and expansion and retention of existing businesses. The City maintains high bond ratings such as Moodys Aa1, Fitch AAA, S&P AAA, and local businesses rate the Citys overall image at 96%. Our community is a short drive from all major seaports, airports, and highways, and the gateway to Latin America. Our young and highly educated workforce continues to grow, taking advantage of a convenient downtown Broward College academic center.

ACTIVE & HEALTHY Our goal is to influence and support an environment that promotes active, healthy, and enriched lifestyles for residents of all ages within our City. By focusing on leisure, cultural, recreational, and sporting activities and festivals, we are able to infuse event dollars into the local economy.

INNOVATIVE GOVERNMENT The City is committed to ethical governance, adherence to its core values, transparency, innovation, collaboration, and exceeding customer expectations by delivering high-quality programs and services that meet the needs of an increasingly diverse community.

ATTRACTIVE AESTHETICS The City takes proactive measures to preserve and enhance the communitys appearance and to maintain its vital infrastructure. We lead by example in the stewardship and conservation of natural resources. As we keep up our communitys aesthetics, property values remain high.

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Coral Springs is home to 123,618 residents and has a diverse, relatively young population with one of the highest median incomes in Broward County.

City Population 123,6182018 Projected Population (Retail Strategies 2014) 136,761Labor Force 71,299Median Age 36.5Average Household Size 3.3Total Households 41,814Family Households 78%Households with Children 40%Total Businesses 6,163Unemployment Rate 5.1% (lower than County & State)

FAST FACTS

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White, non Hispanic 51.6%

Hispanic 23.5%

Black, non Hispanic 17.9%

Asian 5.1%

Other 1.9%

RACE EDUCATION (population age 25 and over)Graduate or professional degree 11.7%Bachelors degree 23.8% Associate degree 10.5% Some college, no degree 23.0% High school graduate (or equivalent) 23.6% 9th to 12th grade (no diploma) 5.1% Less than 9th grade 2.4%

INCOMEHigh incomes and short drive times throughout Coral Springs allow consumers to spend disposable income at a variety of retailers.

FROM DOWNTOWN:

Radius Travel Time

2013 Population 143,727 240,021

2018 Projected Population 151,564 253,627

Average Household Income $83,800 $76,503

Average Disposable Income $66,065 $60,936

3 mile 10 min.

Dominant Tapestry Site MapCoral Springs FL Market Analysis Prepared by Decision Data Resources3-5-10 Minute Travel Time Latitude: 26.272384Drive Time: 3, 5, 10 Minutes Longitude: -80.250174

February 24, 2014

2014 Esri Page 1 of 2

Source: Esri

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Downtown Coral Springs is located between two geographic areas which are

in the 80th percentile for highest income and highest educational attainment nationwide. (Washington Post & ESRI Analysis/Retail Strategies Consultant & RMA Consultant 2014 findings)

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High Society: Affluent, well-educated, married-couple homeowners

Upscale Avenues: Prosperous, married-couple homeowners in different housing

Metropolis: City dwellers in older homes reflecting the diversity of urban culture

Solo Acts: Urban young singles on the move

Senior Styles: Senior lifestyles by income, age, and housing type

Scholars and Patriots: College, military environments

High Hopes: Young households striving for the American Dream

Global Roots: Ethnic and culturally diverse families

Family Portrait: Youth, family life, and children

Traditional Living: Middle-aged, middle income Middle America

FROM DOWNTOWN:

Radius Travel Time

2013 Population 143,727 240,021

2018 Projected Population 151,564 253,627

Average Household Income $83,800 $76,503

Average Disposable Income $66,065 $60,936

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ARTWALKOnce completed in Fall 2015, the new ArtWalk in Downtown Coral Springs will provide a beautiful gathering space

and a more efficient pedestrian experience, while connecting the area to Broward Health Coral Springs and The Walk at University retail and commercial complex. The ArtWalk will serve as the perfect downtown gathering space for residents, businesses and visitors to enjoy its 1,300 linear feet of park space, 300 feet of seating wall,

six art sculpture locations, 52 tent capacity, and beautiful streetscaping and landscaping.

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NDOWNTOWN PROJECTS Redevelopment plans for the Sample Road and University Drive area will create a connected, attractive and vibrant downtown to serve as the symbolic center of the City. With growing attendance, Broward College Coral Springs Academic Center is looking to partner with another higher education institute to expand capacity. The new 65,000 sq. ft. Municipal Complex and 600+ parking garage, a catalyst for redevelopment of downtown, will be completed in 2017. Downtown Infrastructure projects already underway will prepare the way for potential retail, residential and entertainment developments. Nearby Cornerstone Project, featuring a bank and restaurant near the ArtWalk, is scheduled to be completed summer 2016. Residential redevelopment plans are underway for 436 dwelling units within walking distance of Downtown, plus 250 new units nearby at The Country Club of Coral Springs. University Place at City Center office and retail building renovations (210,000 sq. ft.) are to be completed in Fall 2015. A $56 million expansion is underway at Broward Health Coral Springs complex. Construction of the Downtown Pathways will connect City sports parks, Center for the Arts and the ArtWalk, and is laying the foundation for future progress.

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TS Potential retail storefronts are available along all the major corridors in Coral Springs. The City is a haven for small businesses but also ideal for large national retailers looking to anchor or redevelop existing shopping areas.

Full Service Restaurant $47,436,371

Building Materials/Garden $15,701,110

Sporting Goods $20,823,997

Jewelry, Luggage, Leather Goods $20,228,221

Books, Periodicals, Music $9,654,671

Auto Parts, Accessories $9,316,030

Special Food Services $6,283,363

Furniture Stores $6,177,114

GAP ANALYSIS

Gap Analysis

Full Service Restaurant - $47,436,371

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THE WALK AT UNIVERSITY2600 N. University Drive 230,000 SF

33,000 SF remaining retail

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TSThis main thoroughfare features a busy, unique 8-block retail corridor that serves Coral Springs and affluent residents of nearby Parkland and Coconut Creek among others.

UNIVERSITY DRIVE

ROYAL UNIVERSITY PLAZA2556 N. University Drive 98,000 SF


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UNIVERSITY PLACE AT CITY CENTER3111 N. University Drive 203,000 SF


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441,471 Trade Area Population

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Aldi SupermarketBJs Wholesale Club

BJs Restaurant & BrewhouseBonefish Macs Sports Grille

The Brass Tap Bravo Supermarket

Buca di BeppoBuffalo Wild Wings

Chase BankDicks Sporting Goods

GyromaniaHobby Lobby

Hollister California

RECENT & UPCOMING RETAILERSLadybird Academy

Nicks Pizzeria Panda Express

PDQPei Wei

ROC Resto Lounge & Fashion Shoe Carnival

Sports AuthorityTD Bank

Total Wine & MoreUlta BeautyVisionWorks

Wok Box Fresh Asian Kitchen

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KThere are currently 83 acres of undeveloped land in the Corporate Park of Coral Springs. This land is ideal for distribution, logistics and manufacturing facilities. The 442-acre Corporate Park offers convenient access to the Sawgrass Expressway, the Florida Turnpike and I-95, and includes more than 3.7 million square feet of industrial business space.

BUILDINGS FOR SALE/LEASE partial listing

4250 Coral Ridge Dr. 225,000 SF, $17.9 M 3900 Coral Ridge Dr. 80,750 SF, $8 M

3700 NW 124th Ave. 57,300 SF, $6.3 M

12175 NW 39th St. 28,339 SF, $3.19 M

2350 NW 39th St. 31,233 SF, Lease

VACANT LAND Prologis Park Sawgrass I 28 AC, $18.3 M

Prologis Park Sawgrass II 22.2 AC, $11.6 M

4250 Coral Ridge Dr. 7.66/5.3/4.6 AC, $17.4 M

Pan American Sites 6.22 AC, $5 M

Decoral Properties 5.06 AC

441/595 Inc. Trustee 5.4 AC, $3.5 M

Nearby: Kensington Square, 11595 Wiles Rd. 17.2 AC

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CityofCoralSpringsCoralSpringsFL CoralSpringsFL

/BUSINESS

Community Redevelopment Agency 954-344-1121Economic Development Office 954-346-6996

9551 West Sample Road Coral Springs, Florida 954-344-1004

Coral Springs Retail Outlook 2015

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