EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining,...

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EDINA (MINNEAPOLIS), MINNESOTA

Transcript of EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining,...

Page 1: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

EDINA (MINNEAPOLIS), MINNESOTA

Page 2: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

Page 3: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

Page 4: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

Page 5: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

Page 6: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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.

Page 7: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

Page 8: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

Page 9: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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.

Page 10: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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

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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

10

1

94

394

494

694

35E

494

35W

694

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

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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)

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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

Page 14: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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]

Page 15: EDINA (MINNEAPOLIS), MINNESOTA · customer amenities ultimately redefining the shopping, dining, and hospitality experience in Edina, Minnesota. The center offers a carefully curated

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).