hawthorneRETAIL PARTNERS
Urban District reDevelopment - Durham, North CarolinaContact Info: Ryan Preston | Director of Leasing | [email protected] | 704-333-1512
The convergence of art, culinary talent, wellness, fas h i o n and residential living, creating the most dynamic district in Durham.
30,000 sf High End Fitness Club
a collaboration of some of North Carolina's best
mural artists featuring numerous murals totaling over 20,000 SF of wall space.
South Square
Walls:
RESTAURANTS
QUICK FACTS
RETAIL
300,000+sf mixed-use redevelopment situated in a vertically integrated, main street setting
55,000+sfof Class A retail and restaurants
262 Luxury Apartments:• Class AA construction & amenities • Over 325 residents
1,000-3,500 sf
Shop Space:
1,200-3,500 sf
Restaurant and CAFÉ SPACE with EXCLUSIVE OUTDOOR SEATING
Retail Submarket• Shares a signalized intersection with a Super
Target regional shopping center consisting of Ross, Petco, Sam’s Club, and Office Depot. Reportedly one of the highest grossing Super Target in the Carolinas.
• Strategic positioning - location trades the entire Durham market; thus, an ideal location for a retailer and Restaurants seeking a Central Position in the market.
• Adjacent to over 1,000,000 SF of Retail.
• Over 1,700,000 SF of surrounding office space, including Blue Cross Blue Shield's north carolina headquarters with 3,200 employees 1/2 mile away.
Duke University• Located 5 minutes (3 stoplights) from South Square
(take University Dr. turn left on Academy Rd. for 2.0 miles)
• 2nd largest private employer in North Carolina with over 37,000 employees.
• Creates an estimated $5.8 billion annual economic impact on Durham
• Visitors to Duke spend over $450 million annually off campus
• Mean salary for Durham residents working at Duke is over $75,000
• 12,000 students - undergraduate tuition and fees: $66,739
Area/Neighborhood• South Square is surrounded by Durham’s most affluent
neighborhoods with home prices ranging from $500,000 to $3,000,000+ (Hope Valley, Forest Hills, Duke Forest, Garrett Farms).
• Close proximity to 5 Private Schools totaling over 3,000 students (Durham Academy, Carolina Friends School, Duke School, Trinity School, Cresset Christian Academy)
• 10 K-12 school campuses within immediate trade area of South Square (7,160 students)
• 3 mile Avg Household Income: $78,048
• 5 mile employees: 118,610
• 5 mile population: 176,330
• 5 mile daytime population: 214,270
CLASS A OFFICE
VIEW FROM HWY 15-501 (19,510 VPD)
UNIVERSITY DRIVE(18,563 VPD)
UNIVERSITY DRIVE
SHANNON RD(12,191 VPD) Top Performing
PROPOSEDLIGHT RAIL
STATION
HWY 15-50119,510 VPD
UNIVERSITY DRIVE18,563 VPD
SHANNON ROAD12,191 VPD
OFFICE
OFFICE
OWNED BY AFFILIATES OF HAWTHORNE
SOUTH SQUARE STATION LIGHT RAIL PLATFORM
SUBJECT PROPERTY
SITE PLAN
Top grossing Super Target in Carolinas
Shares signalized access
with 500,000 SF Super Target anchored center
Excellent Visibility: Project will be 50+ feet
tall so will have:
- Over 1,000 feet of visibility on
University Drive
- Over 400 feet of visibility on
Shannon Road
- visibility from 15-501
Over 4 Points of Ingress/Egress
- Two Points of Access
on Shannon Road
- Two Points of Access
from University Drive
1)
2)
3)
(12,191 VPD)
FUTURE DURHAM ORANGELIGHT RAIL STATION
WITH PARKING
UNIVERSITY DRIVE (18,563 VPD)
SITE PLAN
1)
2)
3)
FOUR - 16 Foot Pylon Signs- 2 along University Drive (18,563 vpd)- 1 on Auto Drive facing intersection
with Super Target center- 1 on Mayfaire
TWO - 6 Foot Monument Signs- 1 at Shannon Road Entrance- 1 at Mayfaire Road
Parking Ratio - over 4.75 per 1,000 SF
DUKE UNIVERSITY
02
05
85
15501
40
40
40
147
14703
04
01
06
07
091015501BYPASS14
11
85
08
13
54
DUKE FOREST
15
17
15501
BYPASS
16
TRADER JOE’S
HILLSBOROUGH
WHOLE FOODS
SOUTHERN SEASON
12
01
02
03
04
05
06
HOPE VALLEY FARMS HOMES FROM $190,000-$350,00007
WOODCROFT HOMES FROM THE $225,000+
HOPE VALLEY & HOPE VALLEY COUNTRY CLUB
HOMES FROM $225,000-$2.25M
THE VALLEY / VALLEY RUN / UNIVERSITY ESTATES
HOMES FROM $300,000-$985,000
NEW HOPE VALLEY HOMES FROM $475,000-$800,000
BEN CREEK, WOODBERRY FOR-EST, MARYDELL ESTATES
HOMES FROM $400,000 +
TUSCALOOSA, ROCKWOOD,
DUNBARTON HOMES FROM $225,000-$350,000
08
FOREST HILLS
HOMES FROM $250,000-$750,000
CROASDAILE & CROASDAILE FARMS HOMES FROM 250,000-$1.75.0M
09
DRIVE TIME TO
SOUTH SQUARE
3-5 MINS
3 MINS
3 MINS
4 MINS
3 MINS
7-9 MINS
5-7 MINS
7-8 MINS
5 MINS
AMERICAN VILLAGE HOMES FROM $300,000-$500,000
HILLANDALE & TRINITY PARK
HOMES FROM $215,000-$1.65M
DUKE FOREST
HOMES FROM $225,000-$885,00010
11
12
TREYBURN HOMES FROM $250,000-$2.0M13HOPE CREEK, GARRETT FARMS,
ASHWORTH ESTATES, CARRIAGE HILL
HOMES FROM $350,000-$600,00014
3 MINS
8 MINS
6 MINS
20 MINS
5 MINS
BRIGHTLEAF PARK &
ASHWORTH ESTATES
HOMES FROM $250,000-$325,000
DOVER RIDGE, ENO VALLEY, LATTA, OLD FARM, STEPHENS WOOD
HOMES FROM $200,000-$350,000
WILLOWHAVEN COUNTRY CLUB
HOMES FROM $200,000-$600,00015
16
17
9-11 MINS
10-12 MINS
8-10 MINS
SOUTH SQUARE
DRIVE TIME TO
SOUTH SQUARE
SURROUNDING NEIGHBORHOODS
SURROUNDED BY DURHAM'S MOST AFFLUENT NEIGHBORHOODS WITH HOME PRICES RANGING FROM $500,000-$3,000,000+ (HOPE VALLEY, FOREST HILLS, DUKE FOREST, GARRETT FARMS).
2.2
MIL
ES
CLASS B OFFICE
CLASS A OFFICE
CLASS A OFFICE
BLUE CROSS BLUE SHIELD (3,200 EMPLOYEES)OFFICE
OFFICE TOWER
HARRIS TEETER
(HIGHEST GROSSING IN CAROLINAS), SAM'S CLUB, ROSS PETCO
FRESH MARKET
SOUTH SQUARE
6
147
15501
BYPASS
5 4
182
7
3
1. Residence Halls
2. Law School, Business School,
School of Public Policy
3. Chapel, Library, Student Center
4. Duke Medical Center
5. Science & Engineering Buildings
6. Faculty Club
7. Washington Duke Inn & Golf Course
8. Cameron Indoor Stadium
1. DUKE UNIVERSITY • Located 2.2 miles from South Square via Academy Rd or 15-501 By Pass
> 3 stoplights
> 5 min. easy drive through Duke Forest
• Duke is the 2nd largest private employer in North Carolina with over 37,000 employees
• Duke is the largest private employer in the Triangle Region
• Creates an estimated $5.8 billion annual economic impact
• Mean salary for Durham residents working at Duke is over $72,000
• Undergraduate tuition and fees: $66,739
2. Blue Cross Blue Shield North Carolina Headquarters - 1/4 Mile - 3,200 Employees
3. Over 750,000 SF of office space within a 1 mile radius
Duke Campus Map
Over 40,000 Employees within 5 minutes of
DUKE EMPLOYMENT FACTS
• Duke (located 2.2 miles from South Square) is the 2nd largest private employer in North Carolina with
over 37,000 employees
• Duke is the largest private employer in the Triangle Region
• Duke creates an estimated $5.8 billion annual economic impact on Durham
• Mean salary for Durham residents working at Duke is over $72,000
DURHAM
$7,154
$14,198
$11,068
ORANGE WAKE
Source: NC Department of Revenue/NC Office of State Budget & Management
0
$3,000
$6,000
$9,000
$12,000
$15,000
$18,000
0%
10%
20%
30%
40%
50%
60%
70%
80%
18.6%
23.1%
DURHAM BUNCOMBE FORSYTH GUILFORD WAKE PEER AVG NC
WHITE BLUE SERVICE
55.2%
22.8%
60.9%
24.6%
55.4%
32.7%
58.2% 59.1%55.5%
24.4%
20.0%22.3%
18.6%
12.2%
19.3%17.5%17.5%
16.4%
67.9%$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$02009
DURHAM COUNTY
TRIANGLE
STATE
Source: NC Employment Security Commission
Duke University & Medical Center . . . . . . . . . . 30,000+
IBM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,300
GlaxoSmithKline . . . . . . . . . . . . . . . . . . . . . . . 4,800
Durham Public Schools . . . . . . . . . . . . . . . . . . . 4,500
Nortel Networks . . . . . . . . . . . . . . . . . . . . . . . 2,600
RTI International . . . . . . . . . . . . . . . . . . . . . . . 2,000
City of Durham . . . . . . . . . . . . . . . . . . . . . . . . 1,979
US EPA Environmental . . . . . . . . . . . . . . . . . . . . 1,970
Durham County Government . . . . . . . . . . . . . . . 1,810
Blue Cross & Blue Shield of NC . . . . . . . . . . . . . . 1,800
Durham Regional Hospital . . . . . . . . . . . . . . . . . 1,800
TOP DURHAM EMPLOYERS
On Forbes List
of Where AmericansSpend the Most
˜ FORBES
US Cities
˜ THE ATLANTIC
with Most Leftover
After HousingINCOME TO SPEND
2010 PER CAPITA TAXABLE SALES
JOB MIX BY COUNTY (PEERS) AVERAGE WAGES PAID 2009
DURHAM {CITY OF MEDICINE USA} 1 IN 3 DURHAM WORKERS ARE EMPLOYED IN HEALTHCARE
DUKE MEDICAL CENTER
DURHAM EMPLOYMENT
CAROLINA FRIENDS SCHOOL (PRIVATE)
480 STUDENTS
CRESSET CHRISTIAN ACADEMY (PRIVATE)
343 STUDENTS
GITHENS MIDDLE SCHOOL (PUBLIC)
893 STUDENTS
JORDAN HIGH SCHOOL (PUBLIC)1,897 STUDENTS
DURHAM ACADEMY UPPER SCHOOL (PRIVATE)
1,135 STUDENTSDURHAM ACADEMY (PRIVATE)
1,135 STUDENTS
ROGERS-HERR MIDDLE (PUBLIC)
643 STUDENTS
HOPE VALLEY ELEMENTARY (PUBLIC)
705 STUDENTS
FOREST VIEW ELEMENTARY (PUBLIC)
618 STUDENTS
TRINITY SCHOOL (PRIVATE)
446 STUDENTS
SOUTH SQUARE
UNIVERSITY DRIVE
15-501 BY-PASS
OLD CHAPEL HILL ROAD
HOPE VALLEY ROAD
GARRETT ROAD
Jordan High School (Public)
1,897 Students
Durham Academy (Private)
1,135 Students
Githens Middle School (Public)
893 Students
Hope Valley Elementary (Public)
705 Students
Rogers-Herr Middle (Public)
643 Students
Forest View Elementary (Public)
618 Students
Carolina Friends School (Private)
480 Students
Trinity School (Private)
446 Students
Cresset Christian Academy
(Private)
343 Students
• Durham has over 28 Private Schools (Chapel Hill 5) including Durham Academy (1,135 students),
Trinity (446 students), Carolina Friends (480 students) - all within a 2 mile radius of South Square.
• Durham Public Schools is the 7th largest school district in the state with 33,000 students and 4,500 employees.
SCHOOLS WITHIN A 2.5 MILE RADIUS OF SOUTH SQUARE:
SCHOOL FACTS
DURHAM SCHOOLS
1
2
3
I-85 S TO 15-501 BYPASS (60 MPH) PROVIDES DIRECT CONNECTION TO SOUTH SQUARE FROM NORTHERN DURHAM
NORTH DURHAM ROADS CONNECTING TO I-85
I-85 N TO 15-501 BYPASS (60 MPH) PROVIDES DIRECT CONNECTIVITY TO SOUTH SQUARE FROM NORTHWEST DURHAM & HILLSBOROUGH
NORTHERN DURHAM TO SOUTH SQUARE
7
8
9
10
UNIVERSITY DRIVE: 4 LANE ROAD WITH TURNLANE THAT PROVIDES CONVENIENT ACCESSFROM FOREST HILLS, ROCKWOOD, TUSCALOOSA, DUNBARTON AND DOWNTOWN
SHANNON ROAD PROVIDES IMMEDIATE ACCESS FROM HOPE VALLEY’S MAIN ENTRANCE
UNIVERSITY DRIVE PROVIDES IMMEDIATE ACCESS TO SOUTH SQUARE FROM BLUE CROSS BLUE SHIELD (3,200 EMPLOYEES), OFFICE BUILDINGS AND SEVERAL THOUSAND APARTMENTS
MLK BLVD PROVIDES 4 LANE TRAVEL FROMSOUTHERN DURHAM (HOPE VALLEY, HOPEVALLEY FARMS)
SOUTHERN DURHAM TO SOUTH SQUARE
5
6
15-501 BYPASS (60 MPH) PROVIDES DIRECTCONNECTION FROM DUKE UNIVERSITY & DUKE MEDICAL CENTER TO SOUTH SQUARE (5-7 MINUTES)
DIRECT ACCESS FROM DUKE VIA ACADEMY ROAD (2.2 MILES)
DUKE TO SOUTH SQUARE
4 HWY 147 TO 15-501 BYPASS (60 MPH) PROVIDES DIRECT CONNECTION FROM CENTRAL DURHAM INTERCHANGES TO SOUTH SQUARE (4-6 MINUTES)
CENTRAL DURHAM TO SOUTH SQUARE
DUKE UNIVERSITY
85
15501
40
147
15501
BYPASS
85
15501
BYPASS
4
7
6
1
2
3
9
10
5
8
PROVIDES EXCELLENT CONNECTIVITY TO SOUTH SQUARE
• 15-501 Bypass provides highway connectivity (no stoplights) to South Square from
Northwest Durham, Northeast Durham, Central Durham and Duke.
• Area immediately surrounding South Square has excellent signalization, road infrastructure
(4 lane roads with turn lanes) and connectivity because the adjacent Super Target site was
originally developed as a regional mall.
SOUTH SQUARE
DURHAM'S ROAD INFRASTRUCTURE
Access from Neighborhoods: Forest Hills, Tuscaloosa, Lakewood,
Rockwood & Parkside and Downtown Durham
DUKE FORESTNEIGHBORHOOD
Direct Access from Duke and Duke Forest Neighborhood
(2.2 miles from SOUTH SQUARE)
THE FOREST AT DUKE: CLASS A RETIREMENT COMMUNITY
(400 RESIDENTS & 275 EMPLOYEES)
DURHAM ACADEMY
HOPE VALLEY ELEMENTARY SCHOOL
ROGERS-HERR MIDDLE SCHOOL
Turn to go to Duke(1.8 Miles)
OFFICE
OFFICE
OFFICE TOWER
CLASS A OFFICE
Access to 15-501 Bypass North from
University Drive
CLASS A OFFICE
CLASS A RETAIL
CLASS A APARTMENTS
LIBRARY
THE VALLEY NEIGHBORHOOD
Main Entrance to Hope Valley(1,000 Homes from $350k-$2.5m)
From Hope Valley Farms
OFFICE
15-501 BYPASS SOUTH: Direct access from Duke University & Medical, HWY 147 (Central Durham) and I-85 (North Durham)
To 15-501N BYPASS
4 Lane Road with turn lane
HWY 15-501 (6+ Lanes)
15-501 towards I-40 and Chapel Hill
Two options to SOUTH SQUARE from 15-501 Bypass South:1. Connects to 15-501 through Interchange Loop
2. Connects directly into University Drive at Signalized Intersection
MLK Blvd provides 4 Lane Travel from Southern Durham
(Hope Valley, Hope Valley Farms) to SOUTH SQUARE
University Drive 4 Lane Road with turn lane
OWNED BY AFFILIATES OFHAWTHORNE RETAIL
AND MEDICAL CENTER
BLUE CROSS BLUE SHIELDNC HEADQUARTERS(3,200 EMPLOYEES)
PROPOSED LIGHT RAIL STATION
ROAD CONNECTIVITY