MIAMI BEACH, FL 1698 Alton Road · 2019-01-23 · Miami Beach is home to The Art Deco District which has the largest collection of Art Deco architecture in : the world and comprises

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]


© 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

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Mic

hig

an A

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Pen

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lvan

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Was

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gto

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Collin

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14,6

00 A

DT

20,2

00 A

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23,5

00 A

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18,800 ADT

13,300 ADT

Dade Blvd

13,300 ADT

26,5

00 A

DT

SOUTH BEACH

Wes

t A

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Alt

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11th St

7th St

20,2

00 A

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Colli

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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]


ATLANT ICRETAIL .COMMARKET AN D S IT E A ER IALS

© ATL A N T IC RE TA IL 20 18

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Alt

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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]


AT L A N T I C R E TA I L . C O MMARKET AN D PR OPERTY OVERVIEW


WELCOME TO

ALTON ROAD & 17TH STREET

17TH STREET - NORTH ELEVATION

WEST AVENUE & 17TH STREET

EAST ELEVATION

M I AM I BEACH, FL



AT L A N T I C R E TA I L . C O MRENDERINGS


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



AT L A N T I C R E TA I L . C O MSITE PLA N - GR OU N D L EVEL


STAIRS

ELEVATORS

KEY

WE

ST

AV

EW

ES

T A

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ALT

ON

RD

ALT

ON

RD

17TH ST

17TH ST

LEVEL 2 - LEVEL 1.5

LEVEL 3

M I AM I BEACH, FL



AT L A N T I C R E TA I L . C O MSITE PLA N - GR OU N D L EVEL


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



AT L A N T I C R E TA I L . C O MDEMOGRAPHICS


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



AT L A N T I C R E TA I L . C O MMARKET OVERVIEW


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



AT L A N T I C R E TA I L . C O MMARKET OVERVIEW


Documents

MIAMI BEACH, FL 1698 Alton Road · 2019-01-23 · Miami Beach is home to The Art Deco District which has the largest collection of Art Deco architecture in : the world and comprises