the shops at riverwalk place

THE SHOPS AT

© 2012 Bill Lunsford Const. & Dev.

PLACE

© 2012 Bill Lunsford Const. & Dev. Inc.

THE SHOPS AT

PLACE

LOCATION: Center of Tuscaloosa’s Riverwalk Park, North of UA Campus, Downtown Historic Districts & CBD

GLA: 16,550sf waterfront retail below 2 floors of residential condos

LEASED TENANTS:

MSA POPULATION: 167,446

TRAFFIC COUNT: 20,042

GENERATORS: University of Alabama, CBD & Entertainment District, River Market & Tusc Amphitheater


THE SHOPS AT

PLACE

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THE SHOPS AT

PLACEWHY TUSCALOOSA?

Tuscaloosa County is a community that continues to grow and prosper in this challenging economy. Nearly 170,000 people live in the MSA, and Tuscaloosa serves a regional market of over 350,000 people.

The City of Tuscaloosa has a population of approximately 90,000; and the neighboring community of Northport has around 20,000 people.

COLLEGES & UNIVERSITIESThe University of Alabama was ranked 31st, its highest ranking ever, in the 2012 US News & World Report rankings. Enrollment at the University of Alabama has grown by over 80% since 2001 and reached a record high of 31,747 students for fall 2011.

Shelton State Community College offers 2-year degree programs in varied subjects serving as a primary work force development resource for West Alabama. 8,000 students.

Stillman College is a private liberal arts college with an average enrollment of 1,200.

ATTRACTIONSUniversity of Alabama football brings in visitors from across the country each fall. A typical home game weekend has an $15 million economic impact on the community. Games against rivals or ranked opponents may bring in as much as $25 million. UA’s championship Gymnastics and Softball programs, as well as up-and-coming Basketball and Baseball programs command a smaller economic impact but still bring Crimson Tide fans to town year round.

Tuscaloosa’s quality of life is unparalleled, with 36 public parks covering more than 1800 acres, beautiful Lake Tuscaloosa, countless rivers and streams and multiple world-class golf courses.

Northport’s Kentuck Festival has grown into one of the largest and most important regional arts festivals in the Southeast, bringing over 30,000 people to the area each year. Also, the Historic Bama Theater and new riverfront Tuscaloosa Amphitheater consistently stay booked with large and small acts and will continue to add to Tuscaloosa’s thriving economy and riverfront for years to come.

Adapted from material provided by the West Alabama Chamber of Commerce

TOP TEN EMPLOYERS

University of AlabamaHigher Education

DCH Regional Medical Center

Medical Services

Mercedes-Benz U.S. International

All-activity vehicles

Tuscaloosa County Board of Education

Public Education

Jim Walter ResourcesCoal Mining

BF Goodrich TireRadial Tires

Tuscaloosa City Board of Education

Public Education

Phifer Wire ProductsAluminium/Fiberglass

Screening

City of TuscaloosaLocal Government Services

Veterans Administration Hospital

Specialized Health Care


THE SHOPS AT

PLACEWHY RIVERWALK?

Market Demographics. Successful businesses are located near their customers in markets that are underserved. Would your concept thrive in an area next to a population of 31,747, a majority of whom have credit card limits of over $5000, or don’t even know their limits? How many of your competitors are in the Tuscaloosa market? How many of your competitors are located closer to the UA students or downtown than the Shoppes at Riverwalk?

Traffic Drivers. Riverwalk is located on the major thoroughfare between Tuscaloosa’s highest-income residential areas (which surround Lake Tuscaloosa) and the University of Alabama & Tuscaloosa’s CBD . The project is adjacent to Tuscaloosa’s highest employment density areas, including the University of Alabama, a new Federal Courthouse and the new Bank of Tuscaloosa plaza.

Destination Appeal. Tuscaloosa’s Black Warrior Riverfront was recently named a Federal Scenic Byway. Riverwalk is designed to blend with the beautiful setting and provide opportunities for riverfront views from seating and sales areas. Newly completed adjacent attractions such as the Riverwalk Amphitheater, Warner Art Museum, River Market and Convention and Visitors Bureau make the Riverwalk a go-to destination for visitors or special occasions. Would your concept see sales higher than a typical location in an environment like this?

Area of Revitalization. Since 2009, over $185 million in public and private improvements to the area have made the Riverfront a beautiful and bustling area of Tuscaloosa. This resurgence was inevitable for a waterfront area so conveniently located to downtown and the University of Alabama.

Events & Tourism. University of Alabama athletics and a thriving arts scene have made tourism a significant driver of the local economy. Each of the 7 Alabama home football games has an $15-25 million economic impact. On a smaller scale, basketball baseball, softball and gymnastics events bring in regional visitors with multiple events in a typical week.

2011 was the inaugural season of the Tuscaloosa Amphitheater and hosted over 30 events (including 17 concerts) featuring acts ranging from ZZ Top, Lynyrd Skynyrd, and Kenny Chesney to modern acts such as STS9, Widespread Panic and 3 Doors Down. Many businesses reported sales on major concert nights at the levels they see on Alabama Football home game days.

UA StudentsDemographic Highlights

2011 Enrollment31,747 Students

Median Monthly Expenditures

$1263.00

Freshman Class not from Alabama

42.8%

Female students who travel to Birmingham to shop for clothes not

available in Tuscaloosa72.5%

Students who travel to Birmingham to visit

restaurants not available in Tuscaloosa

54.4%

Students with over $250/mo in Disposable Income

17,905 (extrapolated)

56.4%

Students whose credit card limit is higher than $5000, or who don’t even

know their limit51.2%

Adapted from data compiled from numerous studies completed by the University of Alabama


THE SHOPS AT

PLACE

Sources: Tuscaloosa News, City of Tuscaloosa

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THE SHOPS AT

PLACE

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Population DensityBy Block Groups

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1650 Jack Warner ParkwayTuscaloosa, Alabama

Current Year EstimatedPersons per Square Mile

Prepared for:

January 2012

Lat: 33.1872 Lon: -87.5773 Zoom: 11 m

i Logos are for identification purposes only and may be tradem

arks of their respective companies.

©2012, The Shopping Center Group, LLC, Nashville, TN (615) 259-0200. All Rights Reserved.

This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.


THE SHOPS AT

PLACE




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Employment DensityBy Block Groups

5,000 or more2,500 to 5,0001,000 to 2,500

500 to 1,000Less than 500



Prepared for:

January 2012

Lat: 33.1872 Lon: -87.5773 Zoom: 11 m






THE SHOPS AT

PLACE




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Median HH IncomeBy Block Groups

$75,000 or more$60,000 to $75,000$45,000 to $60,000$30,000 to $45,000Less than $30,000



Prepared for:

January 2012

Lat: 33.1872 Lon: -87.5773 Zoom: 11 m






THE SHOPS AT

PLACE


THE SHOPS AT

PLACE

SUMMARY DEMOGRAPHIC PROFILE1990 - 2000 Census, 2010 Estimates & 2015 Projections - as of 4th Qtr / 10Calculated using Proportional Block Groups

Lat/Lon: 33.217626/-87.558072

1.00 mi radius

3.00 mi radius

5.00 mi radius

2010 Estimated Population 11,033 56,190 99,575 2015 Projected Population 10,859 54,977 99,720 2000 Census Population 10,689 55,679 93,862 1990 Census Population 11,133 59,365 96,243

Historical Annual Growth 1990 to 2010 -0.0% -0.3% 0.2% Projected Annual Growth 2010 to 2015 -0.3% -0.4% 0.0%

2010 Male Population 51.2% 47.3% 47.5% 2010 Female Population 48.8% 52.7% 52.5% 2010 Average Age 32.5 34.9 36.0 2010 Median Age 26.8 28.9 30.3

2010 Estimated Households 4,301 22,529 40,263 2015 Projected Households 4,195 21,928 40,234 2000 Census Households 4,220 22,442 38,006 1990 Census Households 3,881 22,068 36,002

Historical Annual Growth 1990 to 2010 0.5% 0.1% 0.6% Projected Annual Growth 2010 to 2015 -0.5% -0.5% -0.0%

2010 Estimated White 44.5% 42.2% 44.2% 2010 Estimated Black or African American 49.2% 54.7% 53.1% 2010 Estimated Asian 4.8% 2.3% 1.8% 2010 Estimated Other Races 1.5% 0.8% 0.9%

2010 Estimated Hispanic 2.9% 2.2% 2.6%

2010 Estimated Average Household Income $ 46,256 $ 51,927 $ 54,807 2010 Estimated Median Household Income $ 31,793 $ 35,160 $ 40,842 2010 Estimated Per Capita Income $ 21,161 $ 22,498 $ 23,192

2010 Elementary 8.1% 8.4% 7.0% 2010 Some High School 10.8% 14.7% 14.0% 2010 High School Graduate 13.9% 22.5% 24.6% 2010 Some College 17.1% 17.9% 19.9% 2010 College Degree 50.0% 36.4% 34.5%

Number of Businesses 419 2,300 3,410 Total Number of Employees 9,726 44,420 62,624 Avg Employee Population per Business 23.2 19.3 18.4 Avg Residential Population per Business 26.4 24.4 29.2

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Jack Warner Pky & Guildswood Tuscaloosa, Alabama

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©2012, The Shopping Center Group, Atlanta, GA 770-955-2434 Demographic Source: Synergos Tech - PopStats / TIGER Geography 11/10

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