EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining,...
Transcript of EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining,...
EDINA (MINNEAPOLIS), MINNESOTA
Southdale Center, the nation’s first regional indoor shopping center, has recently completed a comprehensive, state-of-the art center transformation with stunning architectural details and innovative customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota.
The center offers a carefully curated mix of shopping, dining, and entertainment options including notable names such as: Apple, J.Crew, The Cheesecake Factory, P.F. Chang’s, Macy’s, Lakeshore Grill, and Rojo Mexican Grill. Entertainment options such as AMC 16 Theatres and Dave & Buster’s give shoppers even more reasons to gather and extend their stay at Southdale Center.
SOUTHDALE CENTER REDEFINING THE SHOPPING EXPERIENCE
Southdale Center is continuously evolving and leads the movement in the new era of real estate. Recent additions include:
— Two new legacy tenants – Restoration Hardware and Shake Shack – opening along France Avenue between 66th Street and 69th Street.
— Repositioning and expanding the Dining Pavilion.
— A new 146-room hotel on the northeast corner of the property, along with office space and premier fitness and health options.
— Newly developed One Southdale Place boasts 232 luxury apartments on the southeast corner of the property.
WHAT’S NEW AT SOUTHDALE
Anchored by Four Department StoresMacy’s, Herberger’s, JCPenney, Gordmans
Square FootageSouthdale Center spans 1,297,000 square feet.
Four LevelsBoasting more than 120 stores.
RestaurantsEight quick-service eateries. Eight full-service restaurants.
EntertainmentAMC 16 Theatres and Dave & Buster’s.
BY THENUMBERS
Distinctive. Chic. Diverse.
Many fine brands have chosen Southdale Center as their preferred location in the Edina area of Minneapolis, Minnesota.
— Banana Republic — California Closets — Delve Blu — H&M — Madewell — Picadilly Prairie — Sephora
IN GOODCOMPANY
INDULGENT DINING ANDENTERTAINMENTSouthdale Center boasts an amazing array of restaurants, amenities, and entertainment options and continues to be the premier destination for dining and entertainment.
— Southdale features a combination of sophisticated local and national restaurants. Recently, local restaurateurs opened Z Italiano, a new full-service Italian restaurant.
— Additional full-service restaurants include: Buffalo Wild Wings, The Cheesecake Factory, P.F. Chang’s, DeLeo Bros. Pizza, Macy’s Lakeshore Grill, Rojo Mexican Grill, and Ruby Tuesday.
— In the Dining Pavilion, shoppers enjoy quick bites from Qdoba Mexican Grill, Smashburger, Great Steak & Potato, and Subway.
— Dave & Buster’s is the newest dining and entertainment venue complementing the AMC 16 Theatres.
Southdale Center serves an established, affluent, and densely populated area of Minneapolis that includes Edina, Bloomington, St. Louis Park, Lake Harriet, and Lake Calhoun.
— The affluent community surrounding the center has seen significant growth in new residential and commercial developments. Within a three-block radius of the center, more than five new residential developments have come online.
— The surrounding area has a high daytime population of almost 1,000,000 including business and medical professionals.
— Minneapolis has an active sports community and is home to five professional teams: Minnesota Vikings (NFL), Minnesota Wild (NHL), Minnesota Twins (MLB), Minnesota Timberwolves (NBA), and Minnesota Lynx (WNBA). The NFL team has a new stadium.
A THRIVING COMMUNITY
Edina is the most exclusive city in the Minneapolis-St. Paul MSA. The highly sought-after, upscale suburb includes the affluent community immediately surrounding the center and continues to expand with dense residential and daytime population.
Southdale Center is easily accessible and is just minutes from downtown Minneapolis and a short drive from St. Paul.
A PRESTIGIOUS ADDRESS
THE BUSINESSOF BUSINESS
Southdale Center benefits from the prosperous business and medical community in Edina and surrounding areas.
— Southdale Hospital is adjacent to Southdale Center and employs a full- and part-time faculty of more than 2,300 professionals. Within the center’s trade area, the daytime workforce population is more than 977,000, including more than 12,000 medical professionals.
— Adjacent to the center is the new Westin Hotel which has 225 guest rooms and high-rise condominiums.
— Newly developed One Southdale Place boasts 232 luxury apartments on the southeast corner of the property.
— The newly created Explore Edina Visitors Bureau targets the Twin Cities’ strong tourist market to attract more retail business to Edina’s exceptional shopping districts.
— Minnesota’s unemployment rate is one of the lowest in the country (3.7%) and the state continues to have a thriving economy.
POSITIONEDTO SUCCEED
Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).
Southdale Center is conveniently located in Edina, Minnesota, with easy access from the nearby affluent communities and the larger Twin Cities.
— The center is located along the well-known France Avenue shopping district between I-494 and the Crosstown Highway.
— Average Household Income within a 3-mile radius of the center is $110,000.
— Edina was ranked #15 of Best Places To Live by Time Magazine in 2015
20162021 921,521
20162021
383,041
392,362
2021 $94,0582016
2016
$88,647
759,868
2016 $281,822
901,715
Medina
Shorewood Landfall
Hilltop Willernie
Chanhassen
Mendota
Loretto
Rockford
Medicine Lake
Birchwood Village
Lauderdale
Minnetonka Beach
Greenwood
Spring Park
ExcelsiorLilydale
Long Lake
Pine Springs
Tonka Bay
Maple Plain
Gem Lake
Coates
Sun�sh Lake
Falcon Heights
St Anthony
Deephaven
Dellwood
Robbinsdale
North St Paul
Wayzata
St Paul Park
Newport
Hopkins
Carver
Mounds View
Little Canada
Mound
West St Paul
New Hope Crystal
South St Paul
Rich�eld
New BrightonBrooklyn Center
North Oaks
White Bear LakeArden Hills
Victoria
Golden Valley
St Louis Park
Fridley
Oakdale
Roseville
Edina
Savage
Apple Valley
Chaska
Maplewood
Prior Lake
Orono
Grant
Burnsville
Minnetonka
Shakopee
Inver Grove Heights
Minnetrista
Eagan
Independence
Rosemount
Eden Prairie
Plymouth
Woodbury
Cottage Grove
Bloomington
St Paul
Minneapolis
9
6
8
5
7
2
3
4
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1
94
394
494
694
35E
494
35W
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TRADE AREA BOUNDARY
11
N0 5
MILES
1 Southdale Center 2 Burnsville Center 3 Eden Prairie Center 4 Galleria
5 Mall of America 6 Maplewood Mall 7 Ridgedale Center 8 Rosedale Center
TRADE AREA & COMPETITION
Simon CentersCompetition
9 The Shops at West End10 The Shoppes at Arbor Lakes11 Twin Cities Premium Outlets
AERIAL OVERVIEW
YORK AVE. S.
W. 66TH ST.
SOUTHDALE CENTER
JCPENNEY
AMCTHEATRES
MACY'S
FRANCE A
VE. S.
W. 69TH ST.
ROJO MEXICAN GRILL
THE CHEESECAKEFACTORY
P.F. CHANG’S
HERBERGER’S
JUUT
SR 62 / CROSSTOWN HWY.
N
ONE SOUTHDALE PLACE(232 LUXURY APARTMENTS)
THE WESTIN(225 GUEST ROOMS & CONDOS)
SITE PLAN
YORK AVE. S.
FRANCE AVE. S.
W. 6
9TH
ST.
W. 6
6TH
ST.
AMC THEATRES
MACY’S
JCPENNEY
THE CHEESECAKE FACTORY
P.F. CHANG’S
ROJO MEXICAN GRILL
ONE SOUTHDALE PLACE232 LUXURY APARTMENTS
JUUT
HERBERGER’S
DAVE & BUSTERS (LEVEL III)
KEYDEPARTMENT STORESRESTAURANTSRETAILTHEATERRESIDENTIAL
N
UNIQUE OPPORTUNITY
Southdale Center presents a unique opportunity for your brand.
Please contact the following leasing professional for more information.
Allison Campbell (817) 685-3018 [email protected]
225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com
Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).