PALM BEACH FLORIDA. Palm Beach County s only shopping destination

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1 PALM BEACH FLORIDA Palm Beach County s only shopping destination

2 1.6 MILLION RESIDENTS Live within 30 miles of the site $90,092 ANNUALLY Average household income within 30 miles of the site 7.9 MILLION VISITORS Annually to Palm Beach County 55 MILES AWAY Distance to closest outlet center Featuring 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, Polo Ralph Lauren Factory Store, Talbots, Tommy Hilfiger, Under Armour and Vera Bradley. 2 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

3 OPPORTUNITY 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, Polo Ralph Lauren Factory Store, Talbots, Tommy Hilfiger, Under Armour and Vera Bradley. Ideally located off Interstate 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. The center serves the unmet shopping needs of millions of residents and the 7.9 million annual visitors to Palm Beach County. The site is an unparalleled retail destination. Palm Beach Outlets is adjacent to Marketplace at the Outlets, the region s number one power center development with approximately 20 of the nation s most popular brands, including Bed Bath & Beyond, DSW Shoe Warehouse, HomeGoods, 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, continue to have a positive impact on the center. PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 3

4 Pensacola 10 Tallahassee 10 Gainsville Jacksonville LOCATION Outlet Center Competition 4 Daytona Beach VERO BEACH OUTLETS VERO BEACH, FLORIDA MILES AWAY Tampa 4 Orlando Winter Haven Cape Canaveral Sarasota Port Charlotte Fort Myers Port St. Lucie Palm Beach Jupiter Tequesta Bonita Springs Boca Raton Fort Lauderdale Everglades City Miami Palm Beach Wellington Delray Beach Boca Raton SAWGRASS MILLS SUNRISE, FLORIDA 55 MILES AWAY Fort Lauderdale 41 DOLPHIN MALL MIAMI, FLORIDA 80 MILES AWAY Miami The nearest outlet shopping center is 55 miles away from Palm Beach Outlets. 4 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

5 Avenues of entrance Avenues of egress MIAMI 20,900 ADT 43,500 ADT EXIT 71 N. CONGRESS AVE. PALM BEACH LAKES BLVD. 213,000 ADT 213,000 CARS Average daily traffic on I- 1/2 MILE Unobstructed highway visibility N PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 5

6 Residential Market Palm Beach Outlets benefits from strong demographics: Over 1.4 million people make Palm Beach County their permanent home and the seasonal influx of approximately 150,000 second-home owners dramatically increases this base population for nearly six months of the year. Over 1.6 million people live within 30 miles of Palm Beach Outlets and have an average household income of $90,092 DEMOGRAPHIC ANALYSIS Population 10 Miles 15 Miles 30 Miles 2017 Estimated Population 636,193 9,509 1,604, Projected Population 6,565 1,080,408 1,734,873 Historical Annual Growth 2010 to % 1.6% 1.8% 2017 adj. Daytime Demographics Age 16 Years or Over 529,739 8,5 1,310, Median Age Income 2017 Estimated Average Household Income $76,969 $83,5 $90, Estimated Median Household Income $58,155 $64,390 $67,7 Households 2017 Estimated Households 248, , , Projected Households 263, , ,531 Education (Age 25+) 2017 Estimated Some College 19.6% 20.0% 19.9% 2017 Estimated Associates Degree Only 9.0% 9.4% 9.1% 2017 Estimated Bachelors Degree Only 18.2% 19.8% 21.7% 2017 Estimated Graduate Degree 10.1% 11.3% 13.0% Business PALM BEACH COUNTY 710 Palm Beach Gardens Wellington Mirmar Port Saint Lucie 1 Jupiter Tequesta 10 MILES West Palm Beach Lake Worth Manalapan Delray Beach Boca Raton AVERAGE HOUSEHOLD INCOME OF AFFLUENT TOWNS WITHIN 30 MILES Fort Lauderdale 2017 Estimated Total Business 31,972 45,393 77,634 Boca Raton $127, Estimated Total Employees 318, , ,383 Palm Beach Gardens $117,770 DEMOGRAPHICS 6 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA Town 15 MILES 30 MILES Average Household Income Palm Beach $278,535 Jupiter Island $239,439 Manalapan $1,271

7 TOURISM National and International Tourism Destination There are 160 world-class public and private golf courses and 47 miles of unspoiled beaches in Palm Beach County. 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 Norton Museum of Art. 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 TOURISM STATISTICS There were 7.9 million visitors in million hotel room nights were booked in 2017, an increase of 4.9% over There are 2,681 new hotel rooms in the pipeline. Visitors spent a record-high $4.7 billion, capping 8 years in a row of visitor spending growth. The Brightline Fast Speed Train brings passengers from Miami and Fort Lauderdale to downtown West Palm Beach. Source: Discover the Palm Beaches A $144M Spring Training Facility for the Houston Astros and Washington Nationals (5 miles away) opened for Spring Training in A new Team hotel opens in 2018 adjacent to Palm Beach Outlets. 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 has numerous annual events, including the Palm Beach International Boat Show, the Delray Beach international tennis championship, and the American International Fine Art Fair, to name a few. $4.7 BILLION Direct visitor spending 7.3% INCREASE IN VISITATION 2017 increase in tourism to Palm Beach County over MILLION HOTEL NIGHTS Room nights booked in Palm Beach County in 2017, a 12% increase since 2005 peak A RECORD-BREAKING 7.9 MILLION TOURISTS TRAVELED TO PALM BEACH COUNTY LAST YEAR, A MILESTONE THAT SHATTERED 2016 S ALL-TIME HIGH. Palm Beach Post February 2018 PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA 7

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