Arnot Mall HORSEHEADS, NEW YORK. 50 th ANNIVERSARY REDEVELOPMENT
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1 Arnot Mall HORSEHEADS, NEW YORK 50 th ANNIVERSARY REDEVELOPMENT
2 AERIAL VIEW
3 CHAMBERS ROAD ARNOT MALL REDEVELOPMENT OPPORTUNITY COLONIAL DRIVE OWNED BY OTHERS ARNOT ROAD OWNED BY OTHERS RED LOBSTER JCPenney 137,850 SF REGAL CINEMA (ABOVE) MALL ENTRANCE urlington coat factory 84,000 SF LOADING DOCK & APRON MALL ENTRANCE 148,344 SF P-9 29,295 SF OUTPAD ±5,000 SF EXISTING MALL ENTRANCE RETAIL 5,500 SF EXISTING REST. 4,800 SF RETAIL 5,500 SF REST. 5,000 SF COURTYARD LOADING AREA MALL ENTRANCE BON TON 119,385 SF MALL ENTRANCE MOONEY'S 4,500 SF RETAIL 4,000 SF NEW MALL REST. ENTRANCE 4,500 SF HOTEL 60,000 SF DROP OFF OLIVE GARDEN REST. 5,500 SF RETAIL 9,000 SF CAFE 4,500 SF INTERSTATE 86 DETENTION POND NORTH 0 100' 200' 400' GRAPHIC SCALE
4 OVERVIEW ARNOT MALL 50th ANNIVERSARY & EXPANSION November 16th, 1967, Arnot Realty Corporation, the owners and developers of Arnot Mall, opened the center with 34 stores and JC Penney and S.F. Iszard s as its anchors. The center continued to grow with two expansions, one in 1980 and the second in 1981, followed by the addition of Regal Cinemas in 1988; and it s golden anniversary has already proven to be a successful one. H.L. Stephens expanded their current footprint within the Center by forty percent and opened a new location. Bon Ton invested in a larger location within the mall, now occupying the former Macy s location. Regal Cinema strengthened their commitment by reinvesting and renovation all of their theaters, which include the luxury recliners and Mooney s Sports Bar and Restaurant opened its 9th location in the mall. And now, Arnot Mall is unveiling their future plans, a redevelopment project that includes building a Holiday Inn Express & Suites in the former Bon Ton location and creating a hospitality, food/beverage and entertainment neighborhood at the Arnot Mall. ARNOT MALL MARKET OVERVIEW Arnot Mall is a 1 million square foot regional shopping center located in Horseheads, New York and serving 315,000 people with an average income of $66,000. Arnot Mall is in the heart of the Big Flats shopping destination in the Southern Tier and is the only enclosed regional shopping center in a 50 mile radius. It s family friendly atmosphere, selection of stores and great access and visibility from major thoroughfare Interstate 86, is inviting to local and regional shoppers as well as tourists. The Elmira Corning Regional Airport is located 5 minutes from the mall. The airport will receive $40 million in state funding for a $58 million project to upgrade the airport and create the Airport of Tomorrow. Bus service between the airport and the center makes it a convenient stop for travelers. Anchored by Sears, The Bon-Ton, Burlington and JCPenney, Arnot Mall includes 120 specialty stores, including American Eagle Outfitters, Champs Sports, Christopher & Banks, Journey s, Victoria s Secret, and Yankee Candle. Within 45 miles there are four colleges, including Cornell University and Ithaca College, with 33,000+ college students and within 12 miles there are 4,300 high school students.
5 JOBS Corning Inc. has their world headquarters in nearby Corning, NY, and is one of the world s leading innovators in materials science. For more than 165 years, Corning, Inc. has applied unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries. With approximately 800 employees located in its head office and 40,000 employees worldwide, Corning Inc had $9.7 billion in Core Sales in It is ranked 298 on the list of Fortune 500 companies. The following global and Fortune 500 companies are within the trade area: Eaton Cutler- Hammer and Vulcraft of NY (division of Nucor), Arnot Ogden Medical Center, F.M. Howell and Company, Guthrie Healthcare, Hardinge Inc. (Headquarters), Imaging Sensing Technology Corp, Kennedy Valve-Division of McWane Inc., Mercury Aircraft, Orthstar Computer Software, Phillips Lighting, Purolator Products, Schweizer Aircraft, Silicon Carbide Products Inc., Synthes USA Medical Devices, and Thomas and Best Corporation/ LRC Electronics Inc. TOURISM Arnot Mall is conveniently located off of I-86, the main route through the Southern Tier, in the heart of the Finger Lakes Region. Finger Lakes Wine Country is the largest collection of vineyards in the US outside of Napa Valley. There are over 100 wineries in the region that attract over 4.5 million annual visitors. Corning Inc, the Glass Capital of the World, is a short drive from Arnot Mall, and attracts half a million visitors annually. In total, the museums and popular activities in the area attract over 2 million visitors a year. HOSPITALITY Within 5 minutes of the mall is the largest number of hotels in the area, including 9 major national chains. There are ten hotels including eight major chains with 800+ rooms within ten minutes and 15 bed and breakfasts within 20 minutes of Arnot Mall.
6 RENDERINGS RENDERINGS
7 RENDERINGS RENDERINGS
8 RENDERINGS
9 RENDERINGS
10 SHOPPING CENTER COMPARISON 30 Mile Radius Center Name Distance from Arnot Mall Average Income Population Projected Population Households Projected Households Arnot Mall n/a $ 66, , , , ,914 Big Flats Consumer Square 0.6 mi $ 65, , , , ,559 Southern Tier Crossing 0.8 mi $ 66, , , , ,982 South Meadow Square 26.3 mi $ 70, , , , ,592 The Shops at Ithaca Mall 29.7 mi $ 73, , , , ,713 The Shops at Ithaca Mall South Meadow Square Arnot Mall Big Flats Consumer Square Southern Tier Crossing NEW YORK PENNSYLVANIA
11 MARKET TRADE AREA POPULATION 2017 Estimate: 312,762 51% Income over $50,000 POPULATION AGE 34% Age Under 25 35% Age % Age 55+ Median Age: 39 HOUSEHOLD INCOME $ 69,013 Average Income TOTAL HOUSEHOLDS 125,840 Architect/Engineer 1% Arts/Entertainment/Sports 2% Building Grounds Maintenance 6% Business/Financial Operations 5% Community/Social Services 3% Computer/Mathematical 2% Construction/Extraction 7% Education/Training/Library 9% Farming/Fishing/Forestry 0% Food Prep/Serving 3% Healthcare Practitioner/Technician 8% BUSINESS PROFESSIONAL EMPLOYMENT CATEGORIES Blue Collar 21% White Collar 60% Service & Farm 19% Healthcare Support 1% Maintenance Repair 3% Legal 0% Life/Physical/Social Science 1% Management 9% Office/Admin. Support 11% Production 2% Protective Service 2% Sales/Related 9% Personal Care/Service 4% Transportation/Moving 5% Source: Urban Retail Properties, LLC Market Research 2017 Sitewise Pro. All Rights Reserved.
12 DAYTIME POPULATIONS In Arnot Mall s primary trade area there are 14,589 businesses with 155,317 employees. Residential to employee population ratio is 2:1. LARGEST EMPLOYERS IN THE AREA Arnot Ogden Medical Center Cargill Salt (US Salt Corporation) Corning Hospital Corning Incorporated (Headquarters) Dresser-Rand F.M. Howell and Company Guthrie Medical Center Guthrie Healthcare Hardinge, Incorporated (Headquarters) Imaging, Sensing Technology Corporation Kennedy Valve-Division of McWane, Inc. Mercury Aircraft Orthstar Computer Software Phillips Lighting Purolator Products Schweizer Aircraft Silicon Carbide Products, Incorporated St. Joseph s Hospital Synthes USA Medical Devices Thomas and Best Corporation/LRC Electronics, Inc
13 ATTRACTIONS Horseheads and nearby towns have a variety of attractions including: Wings Of Eagles Discovery Center Horseheads Brewing Birdland Brewing Company The Depot Museum of the Horseheads Historical Society Eldridge Park (Elmira) Arnot Art Museum (Elmira) Corning Glass Museum Discover Trail : group of 8 educational attractions (Ithaca) Over 150 waterfalls to visit (Ithaca) New York s Finger Lakes region Finger Lakes region attracts abundant tourism market which exceeds 4.5 million annual visitors. Known for their wine (especially their Rieslings) as well as several breweries and many hard-cider producers. There are various wine trails and the Finger Lakes Beer trail which attracts many visitors. Museums like Glenn H Curtis Aviation Museum as well as the Strong National Museum of play are both available options for people of all ages. The Glenn H Curtis Aviation Museum features the history of Glenn Curtis who not only had the record for fastest motorcycle speed from 1907 to 1930, but also was awarded U.S. Pilots License #1 in The latter museum located in Rochester, NY is dedicated to play with exhibits and activities targeting those who love to play. The Finger Lakes region has excellent outdoor activities as well. Everything from hiking, boating and fishing, agriculture, and biking is available for all ages. There truly is something for everyone.
14 TOURISM Arnot Mall is the heart of the Big Flats shopping destination in the Southern Tier, and is the only enclosed shopping center in a 50 mile radius. The mall is conveniently located off of I-86, the main route through the Southern Tier, in the heart of the Finger Lakes Region. The Southern Tier of New York State is rich in history, culture and world class attractions. Finger Lakes Wine Country is the largest collection of vineyards outside of Napa Valley in the US. There are over 100 wineries in the region. The Watkins Glen International Racetrack is located about 20 minutes from Arnot Mall, and hosts major events such as NASCAR and themed festivals throughout the year. Corning, NY, 10 min from Arnot Mall is the Glass Capital of the world. The town attracts at least half a million visitors annually just, mainly to visit the Corning Museum of Glass, along with the other museums and popular activities offered in the area. All area attractions welcome over 2 million visitors annually. The Elmira Corning Regional Airport is located 5 minutes from the mall. Bus service between the airport and the center makes it a convenient stop for travelers. Also within 5 minutes of the mall is the largest number of hotels in the area, including 9 major national chains. Corning Inc (Fortune 500 Company) is located within 15 minutes of Arnot Mall. The hotels around the center are popular with business travelers year round. Travelers spend an average of $2.9 billion annually across a diverse range of sectors. Spending at restaurants and for lodging comprised 30% and 25% of the total, respectively. Elmira-Corning Regional Airport will receive $40 million in state funding for a $58 million project to upgrade the Chemung County airport, located minutes from the mall. The renovations are said to lay the groundwork for the Airport of Tomorrow in Chemung County.
15 HOTELS = Arnot Mall 6,8, ,16,14,17, , Hotel City Distance (mi) 1 Holiday Inn Elmira-Riverview Elmira Courtyard Ithaca Airport/University Ithaca Motel 6 Elmira Horseheads Elmira Watkins Glen Harbor Hotel Watkins Glen Best Western University Inn Ithaca Econo Lodge Ithaca Holiday Inn Express Horseheads Best Western University Inn Ithaca Best Western Grand Victorian Inn Sayre, PA Ramada Painted Post Painted Post Ramada Ithaca Hotel Ithaca Radisson Hotel Corning Corning Hilton Garden Inn Ithaca Ithaca Candlewood Suites Horsehead Elmira Hilton Garden Inn Elmira/Corning Horseheads Country Inn & Suites By Carlson Horseheads Fairfield Inn & Suites Horseheads Comfort Inn Corning Comfort Inn Ithaca Holiday Inn Express Owego Owego Hampton Inn Owego Owego Embassy Inn Motel Ithaca Courtyard Elmira Horseheads Horseheads 0.9
16 CASUAL DINING RESTAURANTS = Arnot Mall Restaurant Name City 1 Red Robin Gourmet Burgers Horseheads 2 Chili s Grill & Bar Horseheads 3 Red Lobster Horseheads 4 Old Country Buffet Elmira 5 TGI Fridays Elmira 6 Applebee s Elmira Olive Garden Horseheads 8 Ruby Tuesday Horseheads 9 Outback Steakhouse Horseheads 10 Texas Roadhouse Horseheads 11 Aniello s Pizzeria Corning 12 Simon s Horseheads 13 Garcia s Mexican Restaurant Elmira Tuna Japanese Restaurant Inc Horseheads 15 Curly s Chicken House Elmira 16 Louies Hanover Square Horseheads 17 Los Panchos Mexican Restaurant Elmira 18 Lib s Supper Club Elmira 19 Horigan s Tavern Elmira 20 Beijing Garden Elmira 21 Guiseppe s Pizzeria Horseheads 22 Stoney s Casablanca Horseheads 23 Denny s Horseheads 24 Horseheads Pudgie s Horseheads 25 Tanino Ristorante Italiano Horseheads 26 The Diner Horseheads 27 Braun s Pour House Horseheads 28 Sugar & Spice Restaurant Horseheads 29 Simon s Horseheads 30 Hanover s Grille Horseheads 31 Friendly s Horseheads 32 Ricos Pizza New York Style Horseheads 33 El Monte Inn Restaurant Elmira 34 Great American Grill Horseheads 35 Friendly s Horseheads 36 Cap n Morgan s Bar & Grill Corning 37 The Site Cyber Bar & Grill Corning 38 R & M Restaurant Corning 39 Sorge s Restaurant Corning 40 Gaffer Grille & Tap Room Corning 41 Eastend Pub & Grill Corning *All restaurants are within a 10 mile radius of Arnot Mall
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