Upscale Mixed-Use Development Along West Main Street

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1 Upscale Mixed-Use Development Along West Main Street For more information, contact: JOHN PRITZLAFF Senior Vice President JENNY STONER Associate E. Water Street, Suite G Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Thalhimer No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

2 Brand New Mixed-Use Development! Six Hundred West Main will be the first development of its kind in Charlottesville. The six-story mixed-use project will feature 65,000 square feet of modern, upscale residential space, an art gallery, meditative courtyard, bike sharing, and on-site parking, as well as an additional 4,700 square feet of street-front retail and office space. The development is a landmark project which fits seamlessly into the master plan to revitalize Charlottesville's historic West Main Street, and will bring new life and vitality to one of the city s most important thoroughfares. Brand new, as well as renovated historic, retail and office space will be available in mid Proposed Specifications Total SF Total Available SF Site Size 2,800 SF Retail Suite 1,212 SF Retail Suite 600 SF Office Suite 1,000 SF + adjacent ancillary storage space ±0.36 acres Timing Delivering Fall 2019 Visibility Exterior Nearby Amenities Frontage Along West Main Street Renovated historic retail space with glass storefronts Walking distance to University of Virginia, Historic Downtown Mall, Future Quirk Hotel, and the shops and restaurants on West Main Street What's beautiful about this project is it's merging the heritage and the history of Charlottesville along with some forward and progressive thinking if you look at the design of the building. - Jeffrey Levien, Six Hundred West Main Developer

3 Famous in Charlottesville and beyond for its all day breakfasts and evening entertainment, Blue Moon Diner, an iconic Charlottesville staple, will be expanding and returning to Six Hundred West Main in its original location. Blue Moon Diner will anchor Six Hundred West Main s retail presence, and its inclusion in the project is both a nod to the past, and a look to the bright future of Charlottesville s most famous thoroughfare. - Jeffrey Levien, Six Hundred West Main Developer

4 The City of Charlottesville Has Approved a Plan To Redesign West Main Street The City s focus for West Main includes: Better connectivity to and from the surrounding neighborhoods Beautification strategies for West Main Street An increased emphasis on pedestrian + bicycle-oriented infrastructure Use of best practices with regard to environmental issues such as green infrastructure and street trees Strategies to protect the historic fabric of the corridor Improved vehicular traffic circulation Consideration of parking alternatives West Main Street is a vital urban street, a locally designated historic district, and an important connection between the University of Virginia and Downtown Charlottesville, and to the surrounding neighborhoods. The City of Charlottesville has undertaken a plan to update the street with widened sidewalks, dedicated bicycle lanes, a diversity of trees and landscape plantings, and opportunities for historic interpretation and social gathering. Source: gowestmain.com

5 RETAIL MARKET STATISTICS TRADE AREA DEMOGRAPHICS COLLEGE TOWN STABILITY TOURISM IMPACTS ECONOMY 1.4% +378k 35% 500k DOWNTOWN VACANCY TRADE AREA POPULATION BACHELOR DEGREE+ ANNUAL TOURISTS +370k 12.9% $1 B $1 B ABSORPTION (2016) GROWTH SINCE 2010 UVA EXPENDITURES ON LOCAL ECONOMY TOURISM REVENUE (2016) 3.2% UNEMPLOYMENT RATE $4.19 B ANNUAL HOUSEHOLD RETAIL EXPENDITURE $5.9 B ANNUAL ECONOMIC ACTIVITY STATEWIDE No. 2 MOST FREQUENTLY VISITED CITY IN VIRGINIA Sources: SitesUSA, USAToday.com, U.S. News & World Report, Virginia Tourism Corporation, Forbes.com & U.S. Travel Association

6 College Town Stability #3 BEST PUBLIC NATIONAL UNIVERSITY $1.0 B UVA EXPENDITURES ON LOCAL ECONOMY $5.9 B ANNUAL ECONOMIC ACTIVITY STATEWIDE 28,000 people employed at the university including approximately 16,000 faculty and staff and approximately 7,000 Health System employees The University of Virginia is a significant driver of the economies of the communities it serves and of the Commonwealth as a whole. - Patrick Hogan, UVA Executive Vice President and Chief Operating Officer 15,891 undergraduate students 6,500 graduate and professional students $1,055,043,116 in tourism revenue (2016) Sources: SitesUSA, USAToday.com, U.S. News & World Report,Virginia Tourism Corporation, Forbes.com & U.S. Travel Association

7 The Charlottesville Appeal Charlottesville s rich history, national parks, and awardwinning restaurant scene attracts visitors from all over the United States. No. 1 Top College Town - Travel Channel, 2017 No. 3 Best Small Town in the South - Southern Living, 2017 No. 5 Top 100 Best Places to Live in America - Livability, 2017 No. 5 Top 10 Healthiest, Happiest City in the U.S. - The Today Show, 2017 One of the Best Places to Take a Weekend Trip from D.C. - Thrillist, 2017 Top 17 Places You Must Visit in the U.S. - Expedia, 2017

8 Aerial & Demographics 98,700 POPULATION (5-MILES) 139,332 DAYTIME POPULATION (5-MILES) 39,554 HOUSEHOLDS (5-MILES) $81,106 AVERAGE HOUSEHOLD INCOME (5-MILES) 31 MEDIAN AGE (5-MILES) 59% COLLEGE DEGREE HOLDERS (5-MILES)

9 Tourism Fuels Spending Charlottesville is the #2 most frequently visited city in Virginia. 117 MILES Top 10 Cities Traveling to Central Virginia 67 MILES 72 MILES Washington D.C. 15% Richmond-Petersburg, VA 13% Norfolk-Portsmouth-Newport News, VA 10% Roanoke-Lynchburg, VA 9% Raleigh-Durham, NC 5% Baltimore, MD 4% New York, NY 4% 4% 170 MILES Harrisonburg, PA 4% Philadelphia, PA 3% 500,000 tourists annually 240 MILES Tourism dollars increase year-over-year $524,000,000 in tourism revenue (2013) 1 $553,000,000 in tourism revenue (2014) 1 $995,000,000 in tourism revenue (2015) 2 $1,055,000,000 in tourism revenue (2016) 2 (1) & US Travel Association (2) & US Travel Association