A FIRST FOR NAPA. Street Retail. Public Gathering Places. Creative Class Office
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2 A FIRST FOR NAPA Boutique Hotel Street Retail Dining & Wine Tasting NAPA - ALREADY INTERNATIONALLY ACCLAIMED FOR WINE, FOOD, HOSPITALITY AND WELLBEING... AND NOW POISED TO BECOME THE QUINTESSENTIAL SPECIALTY SHOPPING DESTINATION. Public Gathering Places Creative Class Office
3 NAPA VALLEY WITH 1.6 MILLION PEOPLE LIVING WITHIN A 45-MINUTE DRIVE OF DOWNTOWN NAPA, THIS WORLD-CLASS REGION IS A NATURAL EXTENSION OF THE BOOMING SAN FRANCISCO BAY AREA - AND ONE OF THE MOST STRATEGICALLY LOCATED VISITOR DESTINATIONS IN THE U.S. SOPHISTICATED AND SPONTANEOUS, UPSCALE BUT INFORMAL - FIRST STREET NAPA IS A GLORIOUSLY IMPROMPTU MELTING POT OF RETAIL AND RELAXATION, WHERE UNHURRIED DINING, ART, SHOPPING AND THE SELFIE COLLIDE.
4 Downtown Napa serves as the true heartbeat of, and gateway to, the Napa Valley wine region that boasts 750 wineries, world-class resorts, acclaimed chef-driven restaurants and premier events. It s a must-visit global destination, and the home to an expanding affluent and educated population. Prime conditions exist to support a critical mass of authentic specialty shopping, which until now the region has lacked. As a landmark development in Napa s ongoing downtown regeneration, First Street Napa is perfectly positioned to meet that need.
5 OUR VISION Must-Visit Destination Approachable Dining Authentic Napa Vibe Wine Country Charm UNMISTAKABLY NAPA WINE EDUCATION WORLD-CLASS RETAIL WALKABLE DOWNTOWN Agrarian Landscaping URBAN NAPA STYLE Locally curated art & amenities
6 OUR TRANSFORMATION Opening in phases beginning Fall 2017, a 325,000 square foot mixed-use development that will add 45 shops and restaurants, new creative class office space and a 183 room boutique Archer Hotel. This $200 million district redevelopment has brought leading architects, designers and artists together in a shared vision of crafting a warm, inviting and authentic aesthetic. Spanning three city blocks on First Street, the development offers an eclectic blend of new, renovated and historic facades. New Creative Class office space in two unique buildings with flexible floor plates adaptable for multi-tenant or single-floor configurations. A welcoming visitor experience featuring enhanced landscaping with seating areas, new amenities and as a touchstone to Napa s heritage, a 100-year-old Cork Oak Tree. A vibrant public art program curated by local artists and galleries. Newly converted to two-way traffic, First Street is the major vehicular artery through Downtown Napa. Two adjacent public garages provide ample free visitor parking....an AUTHENTIC AESTHETIC THAT INVITES OUT-OF- TOWNERS TO TREAT THEMSELVES TO THOSE EARRINGS THEY VE BEEN ADMIRING ALL WEEKEND... A CASUAL VIBE WHERE LOCALS CAN MEET TO CATCH UP WITH FRIENDS OVER A LEISURELY COFFEE.
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8 ARCHER HOTEL In tune with First Street Napa s urban boutique vibe and boasting frontage on First Street, Archer Hotel will open in Winter Sister hotel Archer New York opened to acclaim in Midtown Manhattan in 2014 and Archer Austin debuted in guest rooms with 40-balcony clad suites A destination rooftop bar, ledge pool and spa Charlie Palmer Steak signature restaurant 17,000+ square feet of indoor and outdoor event space THE ALLURE OF FIRST STREET NAPA IS DELIGHT- FILLED SHOPPING DAYS MIXED WITH NOUVEAU DINING AND NIGHT LIFE ALL WALKABLE IN THE EVER- EMERGING DOWNTOWN NAPA.
9 BUILDING MOMENTUM The regeneration of Downtown Napa has been building momentum - fifty new and expanded stores, restaurants and tasting rooms have opened their doors in the past two years. RESTAURANT SALES AVERAGE $ PER SQUARE FOOT BILLION DOLLARS OF PRIVATE & PUBLIC INVESTMENT IN RECENT YEARS Enhancements to the streetscape and riverfront, public art and the introduction of two-way traffic to First Street. NEW & EXPANDED STORES TASTING ROOMS RESTAURANTS X Among the 25 most established concepts, with a dozen attaining sales over $1000 per square foot and several close to $2000 per square foot an increase of nearly 20% over 4 years. DYNAMIC, VIBRANT AND UNMISTAKABLY BOLD, FIRST STREET NAPA IS AT THE CREST OF A RISING WAVE OF DOWNTOWN REGENERATION. THERE S NEVER BEEN A BETTER TIME TO INVEST IN THIS UNIQUELY EXCITING LOCATION. HAVE OPENED THEIR DOORS
10 MY TEAM AND I ARE VERY EXCITED TO BE A PART OF THE DYNAMIC DOWNTOWN SHOPPING AND DINING AREA THAT FIRST STREET NAPA IS ARTFULLY CREATING. DOWNTOWN IS PRIMED FOR A STEAKHOUSE CONCEPT LIKE CHARLIE PALMER STEAK AND I CAN T WAIT TO BE A PART OF THIS ICONIC LANDMARK, AS WELL AS NAPA S INCREDIBLE RESTAURANT COMMUNITY. Charlie Palmer Renowned Chef AS NAPA VALLEY NATIVES AND WITH COLLEEN S ROOTED FAMILY HISTORY IN THE RESTAURANT INDUSTRY, LOCATION SELECTION WAS CAREFULLY VETTED AND THE SOARING GROWTH AND IMAGINATION IN DOWNTOWN NAPA IS WHAT COMPELLED US TO OPEN OUR DOORS HERE. OUR SUCCESS HAS BEEN UNDENIABLE AND THE ADDITION OF THIS NEW SHOPPING AND DINING DISTRICT WILL PUT DOWNTOWN NAPA ON THE LIST OF CAN T-MISS STOPS IN THE VALLEY. Colleen Fleming & Aubrey Bailey Cadet wine + beer bar THE STORY OF THE NAPA VALLEY WINE BUSINESS OVER THE NEXT TEN YEARS WILL BE THE STORY OF THE CITY OF NAPA. WE RECENTLY INVESTED IN DOWNTOWN BY PURCHASING A BUILDING ON FIRST STREET BECAUSE NAPA IS SET TO BECOME THE MAJOR HOSPITALITY CENTER IN THE VALLEY AND WE VE SEEN A TREMENDOUS SHIFT IN ACTIVITY IN THIS DISTRICT. Andy Beckstoffer Legendary Grape Grower
11 CRITICAL MASS DOWNTOWN NAPA, AND FIRST STREET SPECIFICALLY, IS THE ONLY PLACE IN THE VALLEY WHERE A LARGE GATHERING OF SHOPPING, AND FOOD AND BEVERAGE VENUES CAN THRIVE IN AN AUTHENTIC, URBAN MIXED-USE ENVIRONMENT. Morimoto Oxbow Public Market Kenzo Napa Blue Note Jazz Club Oenotri Bounty Hunter Wine Bar Cole s Chop House Norman Rose Tavern Miminashi Hyatt Andaz Hotel Uptown Theatre Westin Verasa Napa River Inn Torc La Toque BottleRock Music Festival Culinary Institute of America Cadet wine + beer bar
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13 DEMOGRAPHICS The 229,712 residents in the trade area currently need to travel extended distances for high quality shopping. Typically college educated, local residents have average incomes of $100K or higher and spend on dining and nightlife. Local residents are passionate about the outdoors and wellness, charitable giving, design, style, food and beverage. There are approximately 14,000 second homeowners (30,000+ people) within the Napa Trade Area.* Napa is considered a destination-worthy lifestyle extension of the San Francisco Bay Area, which boasts one of the strongest regional economies in the U.S. and continues to attract thousands of sophisticated new residents each year. 9.2 million people live within 90 minutes of Downtown Napa and over 11.5 million within 2 hours, making Napa a convenient day trip and extending its reach to the Silicon Valley. LOCAL RESIDENTS MUST CURRENTlY TRAVEL EXTENDED DISTANCES FOR HIGH-QUALITY SHOPPING THE BAY AREA BOASTS ONE OF THE STRONGEST ECONOMIES IN THE U.S. MILLION PEOPLE LIVE WITHIN *Napa County Tax Assessor HOURS OF DOWNTOWN NAPA
14 VISITOR/TOURIST MARKETS DEMOGRAPHIC COMPARISON (30 MIN DRIVE TIME) First Street Napa Napa, CA Carmel Plaza/ Del Monte Center Carmel and Monterey, CA Gardens at El Paseo/The River/ Palm Desert Mall Palm Desert, CA Paseo Nuevo/La Cumbre/Montecito Country Mart Santa Barbara, CA 2 Court Street/ Downtown Centre San Luis Obispo, CA Population (2016) Households (2016) HH Income $75K+ HH Income $100K+ Med. HH Income Education(Bach+) Retail/SF GLA1 (000s) 485, ,586 84,310 59,681 $78,023 96, , ,435 43,812 29,566 $69,446 56, , ,383 5,128 3,709 $56,362 8,948 1, ,095 76,222 37,566 28,113 $82,805 60,232 1, ,943 87,364 35,998 23,967 $63,565 50, Santa Fe Plaza/ Downtown/Santa Fe Place Mall Santa Fe, NM Downtown District Aspen, CO Waterside Shops Naples, FL King Street/Mt. Pleasant Town Center Charleston, SC Downtown District South Hampton, NY Population (2016) Households (2016) HH Income $75K+ HH Income $100K+ Med. HH Income Education(Bach+) Retail/SF GLA1 (000s) 118,748 52,285 35,998 23,967 $60,358 50, ,578 10,062 5,128 3,709 $77,934 8, , ,236 37,566 28,113 $68,324 60, , ,449 43,812 29,566 $60,478 56, ,493 45,243 23,346 17,940 $82,012 33, Napa Valley is among the most populated U.S. visitor/tourist areas, and also outpaces any other market for households above $100,000 income levels.
15 DEMOGRAPHIC TRADE AREA MAP Primary Trade Area (229,712 people) 45-Minute Drive Time (1.6M people) 90-Minute Drive Time (9.2M people) 120- Minute Drive Time (11.5M people)
16 DEMOGRAPHIC OVERVIEW 5-Mile Radius 10-Mile Radius Primary Trade Area 45-Minute Drive 90-Minute Drive Daytrip Zone Population Households HH Income $75K+ HH Income $100K+ Avg. HH Income Med. HH Income Education (Bach+) 93,548 34,062 16,931 12,091 $95,907 $79,514 19, ,888 51,991 27,465 20,318 $105,312 $86,034 34, ,712 83,552 41,444 29,998 $100,766 $79,677 53,193 1,632, , , ,811 $97,021 $80, ,022 9,221,988 3,296,995 1,687,830 1,279,273 $104,353 $85,923 2,480,319
17 TOURISM Attracting increasing numbers of aspirational professionals and younger wine enthusiasts, the Napa Valley is a destination of choice for Bay Area day trippers, weekenders from all over California and multi-night visitors from across the U.S. and globe. Napa County saw the largest growth in visitor spending of all of California s 58 counties. There are just over 5,000 hotel rooms in Napa Valley, with 3,191 located in the close vicinity of downtown Napa. Annual visitor HHI is $192,143 64% of lodging guests have household incomes of over $100K, 31% report an average of over $200K. The City of Napa welcomes nearly 70% of all visitors to Napa Valley, more than any other valley city. 46% of visitors report shopping other than wine purchasing during their visit. Visitor spending up 17.5% over a 2 year period. MILLION VISITORS PER YEAR WITH MOST OVERNIGHT GUESTS STAYING THREE NIGHTS PLANNED OVER THE NEXT NEW HOTEL ROOMS YEARS THIS IS A 61% INCREASE Source: 2015 Visit California Annual Economic Report Visit Napa Valley Economic Impact Study
18 CULINARY INSTITUTE OF AMERICA An exemplar of Downtown Napa s ongoing transformation, The Culinary Institute of America s recent purchase of the 80,000 square foot Copia building on First Street encapsulates the spirit of progress that s sweeping through Napa. Adjacent to Oxbow Public Market and a short walk from First Street Napa, the CIA will offer culinary education and a wide array of food and wine offerings to encourage visitors to spend more time in Downtown Napa - year round. The CIA s Food Business School - the world s first for food entrepreneurship and innovation, which opened in Spring 2016, is headquartered at Copia with programming already underway. Two restaurants, a 100-seat demonstration kitchen and a 700-seat outdoor amphitheatre will all help attract significant additional visitors to Downtown Napa.
19 Contact Us First Street, Napa, CA Leasing Kazuko Morgan O: Pamela Mendelsohn O: Susie Hall O: FIRSTSTREETNAPA.COM zapolskire.com trademarkproperty.com
SOPHISTICATED AND SPONTANEOUS, UPSCALE BUT INFORMAL - FIRST STREET NAPA IS A GLORIOUSLY IMPROMPTU MELTING POT OF RETAIL AND RELAXATION, WHERE
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