PALM BEACHPalm Beach County’s favorite shopping destination

FLORIDA

Highlights

2 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

SUPERB LOCATION■ Ideally located off I-95 at Exit 71

on Palm Beach Lakes Blvd. ■ One-half mile of unobstructed

highway visibility■ Average daily traffic on I-95: 214,000

STRONG DEMOGRAPHICS■ Over 1.5 million people live within

30 miles of the site. ■ 150,000 seasonal and second-home

owners dramatically increase the base population for nearly six months a year.

■ 7.35 million people visit Palm Beach County each year.

FEATURING OVER 100 STORES INCLUDING BRAND FAVORITES SAKS FIFTH AVENUE OFF 5TH, CALVIN KLEIN, BROOKS BROTHERS, DKNY AND NIKE FACTORY STORE

OPPORTUNITY Palm Beach County’s first outlet center, Palm Beach Outlets features over 100

stores including brand favorites Saks Fifth Avenue OFF 5TH, Ann Taylor Factory

Store, Banana Republic Factory Store, Brooks Brothers Factory Outlet, J.Crew |

crewcuts Factory, Nautica, Nike Factory Store, Talbots, Tommy Hilfiger, Under

Armour and Vera Bradley. Ideally located off Interstate 95 on Palm Beach Lakes

Boulevard in West Palm Beach, Palm Beach Outlets is the only outlet shopping

center within a 55 mile radius. It is one of the region’s most visited shopping

destinations, serving the unmet shopping needs of millions of residents and the

7.35 million annual visitors to Palm Beach County.

The site is already a strong retail destination. Palm Beach Outlets is adjacent

to Marketplace at the Outlets, a regional shopping center with approximately

20 of the nation’s most popular brands: Bed Bath & Beyond, DSW Shoe Warehouse,

Nordstrom Rack, Old Navy, PetSmart, Pier 1 Imports, T.J. Maxx, Ulta, and Whole

Foods Market.

Some of the area’s newest attractions, including the Houston Astros Stadium

just five miles from Palm Beach Outlets, will continue to have a positive impact

on the center.

PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 3

Boca Raton

Tampa

Miami

Palm Beach

Fort Lauderdale

Gainsville

Orlando

Daytona Beach

Sarasota

95

10

10

95

75

75

4

JacksonvilleTallahasseePensacola

4 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

Unparalleled destination■ Located in West Palm Beach in Palm Beach County;

one of the nation’s most affluent areas■ Easily accessible with location directly off Interstate

95 at Exit 71■ Superb visibility with one-half mile of unobstructed

frontage on Interstate 95■ Average Daily Traffic on Interstate 95: 214,000■ No other outlet shopping within 55 miles■ Approximately 7.35 million annual visitors to Palm

Beach County in 2016, a 5.8 percent increase from the 6.9 million who visited in 2015.

■ Over 1.5 million people live within a 30 mile radius of the site.

LOCATION

“SUNSHINE STATE HAS ANOTHER BANNER YEAR FOR TOURISM.” FOX 29 ■ FEBRUARY 2017

“ In 2016, Palm Beach County saw a 7.3% increase in Florida-based visitors, compared to 2015. The largest Florida growth markets were Miami/Fort Lauderdale with an 11% increase and Orlando with a 9% increase in visitors.”

Discover the Palm Beaches ■ February 2017

N. Congress Ave

95

Exit 71Palm Beach Lakes Blvd.

214,000 ADT

16,300 ADT40,500 ADT

PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 5

AVERAGE DAILY TRAFFIC I-95: 214,000PALM BEACH LAKES BLVD.: 40,500

6 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

Boca Raton

Miami

Fort Lauderdale

TequestaJupiter

Wellington

95

95

75

75

Port Saint Lucie

Delray Beach27

27

17

98

98

1

41

710

29

70

Sawgrass Mills MallSunrise, Florida

55 MILES

Orlando Premium OutletsOrlando, Florida

175 MILES

Vero Beach OutletsVero Beach, Florida75 MILES

Dolphin MallMiami, Florida

80 MILES

COMPETITION

The nearest outlet shopping mall is 55 miles south of Palm Beach Outlets.

PALM BEACH OUTLETS IS THE ONLY OUTLET CENTER IN PALM BEACH COUNTY.

PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 7

“We had a historic number of visitors come to The Palm Beaches in 2016, a remarkable eight years in a row of visitation growth.”

Jorge Pesquera, President and CEO Discover The Palm Beaches ■ February 2017

Impressive residential and tourism marketsPalm Beach County is one of Florida’s wealthiest counties, with affluent towns such as Palm Beach, Jupiter Island, Manalapan, Juno Beach and Boca Raton dotting the coast. Add to that Wellington, an international equestrian destination, and Palm Beach Gardens, a golf haven. The result: A large population with impressive household incomes. Palm Beach County also has a robust tourism market.

DRIVE MARKET The majority of the drive market comes from within Florida and from Atlanta, Alabama, Charlotte, Raleigh/Durham, Baltimore, Dallas, and Houston.

BUS MARKETThe tour bus market comes from the country’s Northeast Corridor, both during peak and off-peak seasons.

FLY MARKETThe award-winning Palm Beach International Airport serves over six million passengers annually, with 100 daily non-stop departures to more than 25 destinations in the US, Canada and the Caribbean on 13 airlines.

TRAIN MARKETIn Fall 2017, Bright Line Fast Speed Train will open. The train will run from Miami to Downtown West Palm Beach with one stop in between in Fort Lauderdale.

MARKETS

8 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

Population 2016 Estimated Population2021 Projected PopulationHistorical Annual Growth 2000 to 20162016 Adj. Daytime Demographics Age 16 Years or Over2016 Median Age

Income2016 Estimated Average Household Income2016 Estimated Median Household Income

Households2016 Estimated Households2021 Projected Households

Education (Age 25+)2016 Estimated Some College2016 Estimated Associates Degree Only2016 Estimated Bachelors Degree Only2016 Estimated Graduate Degree

Business2016 Estimated Total Businesses2016 Estimated Total Employees

DEMOGRAPHIC ANALYSIS

DEMOGRAPHICS10 Miles641,607692,067

2.0%530,416

40.2

$73,324$54,696

252,386265,830

20.3%8.6%17.2%9.9%

32,805318,701

15 Miles990,587

1,066,9482.2%

754,84941.5

$79,806$60,486

390,626410,573

20.5%9.0%

18.8%10.9%

47,001426,558

20 Miles1,175,387

1,266,2012.1%

901,02943.2

$80,925$61,151

476,457500,896

20.6%8.9%

19.4%11.4%

55,372489,106

30 Miles1,573,8241,692,069

1.8%1,300,957

44.2

$85,152$63,588

650,085682,355

20.5%8.9%

20.8%12.3%

81,010740,900

50 Miles3,379,6613,607,401

1.5%2,729,943

42.2

$79,686$61,032

1,357,0461,418,203

20.6%9.3%

19.5%11.1%

176,9451,599,345

PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 9

Boca Raton

West Palm Beach

Fort Lauderdale

TequestaJupiter

Wellington

95

95

75

75

Port Saint Lucie

Delray Beach

Lake WorthManalapan

Palm Beach Gardens

Mirmar

27

27

98

98

1

41

710

29

70

30 MILE RADIUS

50 MILE RADIUS

20 MILE RADIUS15 MILE RADIUS

10 MILE RADIUS

PALM BEACH COUNTY

“ Palm Beach is among the top destinations for vacation home buyers in the country, according to Barron’s Penta magazine.”

THE REAL DEAL

Residential MarketPalm Beach Outlets benefits from strong demographics: Nearly 1.5 million people make Palm Beach County their permanent home and the seasonal influx of approximately 150,000 seasonal and second-home owners dramatically increases this base population for nearly six months of the year. Over 1.5 million people live within 30 miles of Palm Beach Outlets and have an average household income of $85,152.

AVERAGE HOUSEHOLD INCOME OF AFFLUENT TOWNS WITHIN 30 MILESJupiter Island $308,447Manalapan $294,771Palm Beach $229,680Boca Raton $118,249Palm Beach Gardens $111,997

10 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

Palm Beach County has numerous annual events, including the Palm Beach International Boat Show, the Delray Beach International Tennis Championships, and the American International Fine Art Fair, to name a few.

National and International Tourism DestinationPALM BEACH COUNTY TOURISM STATISTICS ■ 7.35 million visitors annually.■ More room nights—4.4 million in all—were booked

in Palm Beach County in 2016, an increase of 2.3 percent from 2015.

■ In 2016, 3 new hotels opened in West Palm Beach adding over 1,000 rooms to the 16,000 rooms that existed in Palm Beach County prior to 2016. As many as 2,400 additional rooms are planned.

■ Leisure travelers spend, on average, 3.5 nights and $1,400 per stay.

■ Average visitor’s income is $94,000/year.■ Prime tourism season is November-April.

Palm Beach County is home to many of Florida’s finest resort hotels, including the Boca Raton Resort and Club (1,047 rooms), The Breakers (540 rooms), Four Seasons Resort Palm Beach (210 rooms), the PGA National Resort & Spa (397 rooms), and Eau Palm Beach Resort & Spa (309 rooms).

Palm Beach County hosts the annual FTI Winter Equestrian Festival and has the largest concentration of sport horses anywhere in the world.

Palm Beach County has premier performance venues such as the Kravis Center for the Performing Arts (2,654 seats and an amphitheatre accommodating 1,400 patrons) and the NortonMuseum of Art.

TOURISM

A $144M Spring Training Facility for the Houston Astros and Washington Nationals (5 miles away) opened for Spring Training in Feburary 2017. A new Team Hotel opens in 2018 adjacent to Palm Beach Outlets.

There are 160 world-class public and private golf courses and 47 miles of unspoiled beaches in Palm Beach County.

“Last year, the county welcomed

7.35 million visitors, a 5.8

percent increase from the 6.9

million who visited in 2015.”

Sun Sentinel ■ February 2017

PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 11

Palm Beach Outlets

3.7.17

75 PARK PLAZA, BOSTON, MASSACHUSETTS 02116INFO@NEDEVELOPMENT.COM ■ 617.965.8700 ■ NEDEVELOPMENT.COM

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