MIA MI BEACH , FL
1698 Alton Road -
Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
© ATLANTIC RETAIL 2018 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.
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Mixed-Use Project SWC of Alton Road and 17th Street
• Total Project Size of 26,576 SF with structured parking
• Anchored by
• Delivery 1st Quarter 2019
• 17th Street Restaurant/Retail – Up to 2,468 SF
• Alton Road Restaurant/Retail – Up to 3,702 SF
• Class A boutique apartment units
STAR ISLAND
SOUTH BEACH
SEA PORT
A1A
47,0
00 A
DT
20th St
Venetian Causeway
Lincoln Rd
17th St
16th St
15th St
19,0
00 A
DT
Wes
t A
ve
Alt
on R
d
11th St
9th St
7th St
5th St 44,000 ADT
77,000 ADT
MacArthur C
swy
20,2
00 A
DT
Colli
ns
Ave
33,0
00 A
DT
8th St
Mer
idia
n
Dre
xel A
ve
Mic
hig
an A
ve
Pen
nsy
lvan
ia A
ve
Was
hin
gto
n A
ve
Collin
s A
ve
14,6
00 A
DT
20,2
00 A
DT
23,5
00 A
DT
18,800 ADT
13,300 ADT
Dade Blvd
13,300 ADT
26,5
00 A
DT
SOUTH BEACH
Wes
t A
ve
Alt
on R
d
11th St
7th St
20,2
00 A
DT
Colli
ns
Ave
MAYERS EXPRESS
APPROVED SITE FOR 5 STORY 96 KEY HOTEL
PROPOSED
MIAMI BEACH GOLF CLUB
CONVENTION CENTER
PROPOSED800 ROOM
HOTEL
FORMER
PROPOSED
18,800 ADT
Lincoln Rd
33,0
00 A
DT
West
Ave
Alt
on R
d
17th St
13,300 ADT
Dade BlvdHOTEL PALOMAR
A 96 KEY LUXURY BOUTIQUE KIMPTON HOTEL
MARKET AERIAL SITE AERIAL
PROPOSED
N23,5
00 A
DT
PROPOSED
$89,651
AVG HH INCOME IN 3 MILE RADIUS
33,000
ADT ON DADE BLVD (ON 17TH BLOCK)
M I AM I BEACH, FL
1698 Alton Road - Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
ATLANT ICRETAIL .COMMARKET AN D S IT E A ER IALS
© ATL A N T IC RE TA IL 20 18
N
Alt
on C
ourt
MACARTHUR CAUSEWAY
VENETIAN CAUSEWAY
33,000 CARS PER DAY AT THE INTERSECTION
OF W EST AVE AND ALTON ROAD
304,721 PEOPLE IN A
5 MILE RADIUS
MEDIAN AGE OF
39.5 IN A 3 MILE RADIUS
29,562 EMPLOYEES IN A
1 MILE RADI US
1 9,591 ARE A BUSINESSES IN A 5 MILE RADIUS
10 MINUTE DRIVE TIME
17 West in Miami Beach is a mixed-use project located at the entrance to both Sunset Harbour and the Venetian Islands. The development is also strategically positioned to capture pedestrian traffic from Lincoln Road, one of South Florida’s premier outdoor shopping, dining and entertainment destinations. Soon to be anchored by Trader Joe’s, 17 West offers retailers and restaurant operators onsite parking as well as prominent signage and visibility to both Alton Road and 17th Street, two heavily trafficked arteries integral to trade in Miami Beach.
At 17 West, operators will have the convenience factor to satisfy locals’ daily needs and cross connectivity to service tourists out on a leisurely stroll.
$ 92,172 AVERAGE
HOUSEHOLD INCOME
61,049 PEOPLE
5,338BUSINESSES
MIAMI BEACHCONVENTION
CENTER
MOUNT SINAIMEDICAL CENTER
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MMARKET AN D PR OPERTY OVERVIEW
© ATL A N T IC RE TA IL 20 18
WELCOME TO
ALTON ROAD & 17TH STREET
17TH STREET - NORTH ELEVATION
WEST AVENUE & 17TH STREET
EAST ELEVATION
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MRENDERINGS
© ATL A N T IC RE TA IL 20 18
GROUND LEVELW
ES
T A
VEN
UE
ALTO
N C
OU
RT
ALTO
N R
OA
D
17TH STREET
EXISTINGONE STORYBUILDING
PROPOSED
18,800 ADT
2,468 SF W/ 225 SF OUTDOOR
AVAILABLE
2,102 SFAVAILABLE
1,600 SFAVAILABLE
15,564 SFLOADINGBERTHS
3,696 SF
23,5
00 A
DT
33,0
00 A
DT1,146 SF
RETAILELEVATORS
20’
34’ 7”
27’ 1”
22’ 5”
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MSITE PLA N - GR OU N D L EVEL
© ATL A N T IC RE TA IL 20 18
STAIRS
ELEVATORS
KEY
WE
ST
AV
EW
ES
T A
VE
ALT
ON
RD
ALT
ON
RD
17TH ST
17TH ST
LEVEL 2 - LEVEL 1.5
LEVEL 3
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MSITE PLA N - GR OU N D L EVEL
© ATL A N T IC RE TA IL 20 18
2018 DEMOGRAPHICS 1 MILE 2 MILE 3 MILE TRADE
AREA
Population 28,113 50,921 76,542 91,817
Avg HH Income $84,046 $87,315 $89,651 $84,505
Daytime Population 29,562 53,908 76,778 63,227
N
PROPOSED
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MDEMOGRAPHICS
© ATL A N T IC RE TA IL 20 18
MARKET OVERVIEWMiami Beach is a resort city located on a variety of natural and man-made barrier islands, located due east of downtown Miami & Brickell. Miami Beach is home to The Art Deco District which has the largest collection of Art Deco architecture in the world and comprises hundreds of hotels, apartments and other structures erected between 1923 and 1943.
South Beach is a neighborhood located within Miami Beach situated on the southernmost 2.5 square miles of the island. South Beach also has the nickname SoBe. The South Beach section of Miami Beach is a major entertainment destination with hundreds of nightclubs, restaurants, boutiques and hotels; the area is very popular with tourists. South Beach has many popular events and festivals that bring in tourism each year including: Food Network, South Beach Wine and Food Festival, Mercedes-Benz Fashion Week Miami, Miami Fashion Week, and the Miami International Film Festival.
Mount Sinai is the largest private independent not-for-profit teaching hospital in South Florida. The facility is equipped with 672 beds, more than 700 physicians and 3,700 employees. Mount Sinai Medical Center plays a major role in the economic health of the community, with an estimated annual economic impact of $3.6 billion, including $1.5 billion in direct revenue and $967 million in added value. Mount Sinai is the largest employer in Miami Beach and the 11th largest private employer in Miami-Dade County.
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MMARKET OVERVIEW
© ATL A N T IC RE TA IL 20 18
RETAIL
SOURCE: ESRI
ANNUAL HOUSEHOLD SPENDING
MAJOR RETAILERSBy County
17 13 13 11 9
ShoppingMall
$5,290HEALTH CARE
$5,179GROCERIES
$3,685DINING OUT
$2,297APPAREL
BUSINESS
MAJOR EMPLOYERS
SOURCE: ESRI
738
809
1,000
1,161
1,979
1,987
3,700
City of North Miami Beach
Loews Miami Beach Hotel
Ocean Bank
Federal Express
City of Miami Beach
Fountainbleau Miami Beach
Mount Sinai Medical Center
$8,174,257,000TOTAL SALES
2.9% UNEMPLOYMENT RATE
63,227TOTAL EMPLOYEES
5,954TOTAL BUSINESSES
SOURCE: ESRI
HOUSING
MEDIAN HOME VALUE$391,851
$264,031 $258,520 $212,954 $218,492
City County MSA FL USA
CITY COUNTY MSA FL USA
Housing Units 68,900 1,062,734 2,620,366 9,790,195 139,824,887
Owner Occup. 16,198 472,781 1,308,861 5,193,134 78,262,285
Rental 32,524 469,103 959,164 2,959,407 45,847,716
Vacant 20,178 120,850 352,341 1,637,654 15,714,886
FACTS
SOURCE: Greater Miami Convention & Visitors Bureau
� 145,200 people were employed by the tourism industry in Greater Miami and the Beaches as of August 2017. The industry has experienced 92 consecutive months of employment growth.
� $25.5 billion was the direct economic impact generated in 2016 by overnight visitors to the local economy. � Miami Beach has the highest number of startups per capita of any small city in the U.S., with 246 per 100,000 residents. � In 2018 Miami Beach Convention Center completed $620 million in renovations. The improvements include the addition of 263,000 square feet of
space, 10 new meeting rooms and LEED Silver certification, which is granted to environmentally friendly buildings. This brings the facility’s total to 1.43 million square feet.
� On Nov 6, 2018 voters decided to approve the construction of an 800-room convention center hotel, this is to be built on a city-owned parcel of land adjacent to the convention center. The hotel will connect to the convention center via a pedestrian bridge and include a 53-foot podium containing parking, meeting spaces and ballrooms.
� According to the 2010 U.S. Census, Miami Beach has the 2nd highest housing density following New York City in the United States. � In 2016, Greater Miami and the Beaches ranked among the top ten in all three major categories (Occupancy #7, ADR #5 and RevPar #4) when compared
against the Top 25 U.S. Hotel Markets by STR. Greater Miami was the top performing Florida market among the Top 25 U.S. Hotel Markets as listed by STR.
M I AM I BEACH, FL
1698 Alton Road -Tom Godino561.424.3012 [email protected]
Elizabeth Wright561.424.3026 [email protected]
AT L A N T I C R E TA I L . C O MMARKET OVERVIEW
© ATL A N T IC RE TA IL 20 18