SOPHISTICATED AND SPONTANEOUS, UPSCALE BUT INFORMAL - FIRST STREET NAPA IS A GLORIOUSLY IMPROMPTU MELTING POT OF RETAIL AND RELAXATION, WHERE
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2 A FIRST FOR NAPA NAPA - ALREADY INTERNATIONALLY ACCLAIMED FOR WINE, FOOD, HOSPITALITY AND WELLBEING... AND NOW POISED TO BECOME THE QUINTESSENTIAL SPECIALTY SHOPPING DESTINATION.
3 NAPA VALLEY WITH 1.5 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. Downtown Napa is a hub of activity, offering a variety of quality dining and lodging options. It 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, cultural venues and premier events. The Napa Valley has become 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.
4 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.
5 OUR VISION The First Street Napa vision is simple - to add a must-visit destination to Downtown Napa where residents and visitors can shop, dine, stay, work and play in authentic, yet modernly urban Napa style. Providing the caliber of retail, restaurants, office space and lodging that the market demands, First Street Napa will offer a unique blend of regional, national and international excellence to elevate Napa from first-class to world-class. Enhanced by exceptional landscaping, amenities and locally curated art, First Street Napa will be realized in a style that s unmistakably Napa.
6 OUR TRANSFORMATION Opening Spring 2017, First Street Napa is a 275,000 square foot mixed-use development that will add over 40 shops and restaurants, new creative class office space and a 183 room boutique hotel - creating a not-to-be-missed landmark destination in the heart of Downtown Napa. 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, water features, 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 will attract pedestrian traffic. Newly converted to two-way traffic, First Street is the major vehicular artery through Downtown Napa, also home to the Oxbow Public Market and the Culinary Institute of America s new downtown campus. 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 boutique vibe and boasting frontage on First Street, the Archer Hotel will open in late Spring Sister hotel Archer New York opened to acclaim in Midtown Manhattan in Five stories with a destination rooftop bar, fire pits, ledge pool and spa, commanding 360 degree views of Napa Valley. 143 guest rooms and 40 suites, many with private balconies and fireplaces. Charlie Palmer Steak restaurant. 15,000 square feet of chic indoor/outdoor meeting and 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 for some time - fifty new and expanded stores, restaurants and tasting rooms have opened their doors in the past two years. Downtown restaurant sales average $920 per square foot among the 25 most established concepts, with many attaining over $1,000 per square foot. The district has seen over $1 billion of private and public investment in recent years, with enhancements to the streetscape and riverfront, public art and the introduction of two-way traffic to First Street. BILLION DOLLARS OF PRIVATE & PUBLIC INVESTMENT IN RECENT YEARS NEW & EXPANDED STORES TASTING ROOMS RESTAURANTS H AV E O P E N E D THEIR DOORS RESTAURANT S A L E S AVERAGE $ PER S Q U A R E FOOT X 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.
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 Celadon 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
12 FIRST STREET NAPA WALKABILITY Location Blue Note Jazz Club Napa Riverfront Oxbow Public Market Culinary Institute of America = Public Parking Time 3 Minutes 7 Minutes 7 Minutes 10 Minutes Distance 0.20 Miles 0.40 Miles 0.42 Miles 0.55 Miles
13 DEMOGRAPHICS The 234,018 residents in the trade area currently need to travel extended distances for high quality shopping. Typically college educated, local residents have average incomes of $99K 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. 7.4 million people live within 90 minutes of Downtown Napa and over 10.8 million within 2 hours, making Napa a convenient day trip and extending its reach to the Silicon Valley. L O C A L R E S I D E N TS M U S T C U R R E N T l Y TRAVEL E X T E N D E D D I S TA N C E S FOR H I G H - Q U A L I T Y 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) 493, ,359 85,243 60,644 $78,163 99, ,023 73,017 32,227 22,456 $73,738 47, , ,559 53,649 37,148 $57,100 72,596 1, ,124 76,263 37,259 27,783 $81,848 60,875 1, ,932 83,638 34,217 22,627 $62,895 51, 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) 131,341 58,946 21,167 14,305 $58,830 39, ,090 10,790 5,511 3,924 $77,652 9, , ,446 77,165 54,578 $66, , , ,802 65,186 43,348 $59, , ,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 (234,018 people) 45-Minute Drive Time (1.5M people) 90-Minute Drive Time (7.4M people) 120- Minute Drive Time (10.8M 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+) 95,264 33,897 16,667 11,881 $94,543 $78,594 20, ,611 51,985 27,177 20,078 $103,783 $85,017 35, ,018 83,882 41,130 29,729 $99,201 $78,751 53,875 1,497, , , ,088 $97,793 $81, ,033 7,397,009 2,698,344 1,345,703 1,017,656 $101,785 $83,881 2,013,002
17 TOURISM All year round, the region attracts visitors eager to sample Napa s wine country lifestyle. 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. The Napa-Sonoma region welcomes approximately 5 million regional, national and international visitors per year with most overnight guests staying three nights. Napa County saw the largest growth in visitor spending of all of California s 58 counties. 40% of visitors report shopping other than wine purchasing during their visit. 61% of lodging guests have household incomes of over $100,000, 25% report an average of over $200,000. There are just over 5,000 hotel rooms in Napa Valley, with 3,166 located in the close vicinity of downtown Napa. Over 1,500 new rooms are planned over the next five years. PLANNED OVER THE NEXT NEW HOTEL ROOMS YEARS THIS IS A 48% 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 Cushman & Wakefield Kazuko Morgan O: Pamela Mendelsohn O: Susie Hall O: FIRSTSTREETNAPA.COM zapolskire.com trademarkproperty.com
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