Introducing Maryland s Destination Resort and Retail Promenade Debuting Fourth Quarter 2016 A GOLDEN OPPORTUNITY FOR RETAILERS. Brought to you by JLL

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2 Introducing Maryland s Destination Resort and Retail Promenade Debuting Fourth Quarter 2016 A GOLDEN OPPORTUNITY FOR RETAILERS Brought to you by JLL

3 THIS ICONIC LOCATION IS NOTHING SHORT OF A REMARKABLE DESTINATION FOR RETAILERS The community and gaming authorities have granted full support of MGM National Harbor $1.3 billion investment in Prince George s County, its commitment to community partnerships and goals for fueling local economic development. 9 OF THE COUNTRY S 15 WEALTHIEST COUNTIES ARE LOCATED WITHIN A 1-HOUR DRIVE OF THE SITE 270 Loudoun County $117,680 Montgomery County $97,873 Howard County $108,503 BALTIMORE/WASHINGTON INTERNATIONAL THURGOOD MARSHALL AIRPORT MARYLAND WASHINGTON DULLES INTERNATIONAL AIRPORT WASHINGTON DC White House VIRGINIA 66 Union Station 66 Arlington County $117,452 U.S. Capital 66 Falls Church City $117,452 3 RONALD REAGAN WASHINGTON NATIONAL AIRPORT 2 3 Fairfax County $110,658 FORT BELVOIR EXCLUSIVE REPRESENTATION BY JLL 5

4 I-2 N TRADE AREA National Harbor EXCLUSIVE LOCATION Alexandria Duke St Old Town Alexandria (City) Fairfax Jones Point Park Virginia N Union St Attractions 1 Capital Wheel (180 Feet; 800K Annual Passengers) 2 Marina (64 Slips) 3 The Awakening 4 Carousel (36 Feet) 5 Pier (700 Feet) 6 Water Taxis District of Columbia Maryland 214,071 Cars Per Day Capital Beltway Potomac River To D.C. 2 97,049 Cars Per Day Oxon Run Hotels Residential 1 Gaylord (2,000 Rooms) 1 The Esplanade 2 Aloft Hotel (192 Rooms) 2 Fleet Street 3 Hampton Inn & Suites (151 Rooms) 3 One National Harbor 4 Residence Inn by Marriot (162 Rooms) 4 RE/MAX 5 The Westin (1 Rooms) 5 Waterfront Condos 6 Wyndam (250 Rooms) River 6 Potamac Bend Overlook Estates Other 1 Tanger Outlets 2 Travel Plaza Oxon Hill Farm Potomac Vista Recreation Center Oxon Hill Rd 184,314 Cars Per Day Capital Beltway Indian Head Hwy National Harbor, by the Numbers Visit 11 Million visitors per year estimated 3,300 Hotel Rooms (Currently 5 Hotels) Dine and Shop Over 30 Restaurants Over 40 Shops 340,000 SF Tanger Outlets Live 7.3 Million SF of Mixed Use property 2,500 Units Livingston Rd Livingston Rd Entertain Public Art, Marina Activities and Water Taxi 3 Piers 180 FT Observation Wheel 36 FT Carousel Work 114,000 SF of meeting space 1 Million SF of Office space Henson Creek Henson Creek Park Why National Harbor, Maryland? The Washington, D.C. region s trade area boasts superior demographics that support highend retail. Approximately 20 million visitors travel to Washington, DC each year and the area consistently ranks in the top 10 destinations for international travel. The region also consistently ranks in the top 15 for most expensive places to live and highest paying jobs. Located just 8 miles from Washington, D.C., National Harbor, MD is home to more than 3,300 hotel rooms and estimated to attract 10 million visitors a year; driven by domestic visitors, international tourism, convention traffic, and more. In addition, 9 of the country s 15 wealthiest counties are located within a 1-hour drive. MGM National Harbor is located directly on the Beltway, accessible from I-, I-, I-2 and the Woodrow Wilson Bridge and visible to more than 300,000 cars per day. The resort is a short walk to National Harbor s Pier and Gaylord Resort. MGM National Harbor will be easily accessible to everyone traveling through Washington, D.C. airports; located just 8 miles from Ronald Reagan Washington National, 36 miles from Washington Dulles International, and 38 miles from Baltimore Washington International. Oxon Hill, Maryland Minute Drive Time 60-Minute Drive Time Population 2015 Estimated Population 2,321,8 5,870, Estimated Population 2,459,9 6,238,765 Growth Trend: Annual Rate 1.16% 1.22% Household Income 2015 Estimated Average Household Income $108,052 $120, Estimated Average Household Income $121,299 $135,076 Number of Households 2015 Estimated Number of Households 930,122 2,201, Estimated Number of Households 989,940 2,341,592 Growth Trend: Annual Rate 1.25% 1.24% EXCLUSIVE REPRESENTATION BY JLL 7

5 MGM RESORTS UNBROKEN STRING OF RETAIL SUCCESS Home to a quartet of culinary headliners - The Washington Post Change not only the region s skyline, but also the calculus for where tourists stay, where business groups hold conventions and where Washington lobbyists entertain - The Washington Post BELLAGIO HOTEL & CASINO ARIA HOTEL & CASINO INCLUDING THE SHOPS AT CRYSTALS Gambling revenues expected to be in excess of $700 million* - The Washington Post *According to consultants hired to produce market assessments for the state. Big deal for the entire region - County Executive Rushern L. Baker III (D) Within easy Uber range of official Washington - The Washington Post MGM MACAU BELLAGIO HOTEL & CASINO EXCLUSIVE REPRESENTATION BY JLL 9

6 R E TA I L GOLDMINE MGM Resorts International has embarked on one of the nation s most exciting new developments strategically located right on Washington, D.C. s Beltway. JLL is proud to introduce the retail community to the nation s most exciting retail marketplace at MGM National Harbor. At this majestic resort and casino, guests can expect all the elegance and glamour that is trademark to the MGM Resorts brand, all set in a masterful waterfront resort and casino development perfectly positioned to serve the leisure and shopping needs of the sophisticated Maryland, Virginia, and D.C. marketplace. This new fully-appointed destination will fit perfectly as a regal resort befitting the geographic draw of Prince George's County and Eastern Seaboard and the national and international casino and resort enthusiasts. Never before has a development of this echelon been built that truly serves today s elite consumer. MGM National Harbor will be designed and delivered to the same high level of quality as MGM Resorts other iconic hotels, including Bellagio, MGM Grand, Mandalay Bay, ARIA, The Mirage and others. The design and aesthetics reflect the history and geography of the area, complementing the existing successful development, and increasing the allure for domestic and international visitors. This opportunity is a goldmine for retailers who can reach thousands of high-end consumers and business travelers shopping approximately 18,000-square-feet of luxury shopping space on-site. The Retail Promenade is the connection between the hotel, restaurants, casino, and outdoor space. This opportunity to cash-in on a storefront at the MGM National Harbor will be limited. JLL encourages all interested retailers to move promptly to secure a singular location at the nation s next big destination as on-site construction began in August 2015 with the intention of opening the doors of MGM National Harbor in Fourth Quarter EXCLUSIVE REPRESENTATION BY JLL 11

7 ARRIVAL PERSPECTIVE BELTWAY PERSPECTIVE The resort design operates at multiple scales, but nowhere is this more evident than at the guest's arrival experience; from the grand and instantly recognizable stair-stepped pedestal, the vastness of the 23-story glass-walled tower, to the intimacy produced by the luxuriously planted southern deck. The many elegant design elements hint at the excitement and possibilities that await. Like chapters in a novel, each destination within the resort from a star chef's restaurant to the rejuvenating spa to the high-end retail is designed to provide a sense of discovery, elegance and timelessness. MGM National Harbor offers a sophisticated architectural approach that addresses the local area s significant geographical and cultural history. The design is influenced by the natural topography of the dynamic Maryland site, the iconic nature of nearby national monuments, their interactions with residents and visitors in this vibrant travel corridor. The piercing verticality of the streamlined high-rise hotel rises from a pedestal and is precisely positioned to maximize sightlines to Washington, D.C. and the Maryland countryside. AERIAL PERSPECTIVE TERRACE PERSPECTIVE MGM National Harbor s siting and internal organization take inspiration from Pierre Charles L Enfant s 1791 plan for the then brand-new city of Washington, D.C. This influence is most readily seen in the form of the equatorial skylight that runs the length of the roof between the outdoor terrace and the hotel tower and conservatory. During the day, this feature allows refreshing natural light to filter into the resort below; at night, interior illumination spills out, allowing the edges of the roof to dramatically glow. Anchoring one end of the National Harbor mixed-use development, the resort is set on a pedestal, designed to evoke the plinth of a grand monument. Terraced into the landscape to incorporate a ninety-foot elevation change, the eye moves gracefully from harbor level to the top of the plinth, creating a sense of respectful monumentality. The pedestal serves a dual purpose as it incorporates and conceals a seven-story parking garage. Spanning above the resort, connecting the hotel to the outdoor terrace is a sweeping roof that appears to float over the glass-walled spaces below. EXCLUSIVE REPRESENTATION BY JLL 13

8 VISIONARY DESTINATION MGM National Harbor destination casino resort will draw thousands of high-end consumers right through the doors of the new luxury retail marketplace. The co-tenancies could not be more desirable for luxury brands as the location features all the amenities to draw and sustain business, leisure and local visitors. Guest will enjoy: Luxury Hotel with 308 rooms 125,000-square-foot casino 12 locations for food and beverage, including fine dining from local and celebrity chefs (Jose Andres, Marcus Samuelsson and The Voltaggio Brothers) A 3,000 seat arena showcasing world-class entertainment offerings Shops from among the finest retailers in the world all captured within a high-end environment 27,000 square feet luxurious spa well-known for differentiated customer service These and other attractive resort offerings will combine to create the complete MGM National Harbor experience. Retailers can hit the jackpot in this unique location that will draw on local, regional and business travelers to fuel a bustling marketplace. MGM National Harbor s vision is being shaped through partnership with Arel Architects, Inc. as Management Consultant for Casino Resort Project, Management Firm McKissack & McKissack on Construction and Development of MGM National Harbor and SmithGroupJJR as Architect of Record. MGM National Harbor s visionary program captures on retail-friendly designs that build excitement as guests first see, arrive and enter the destination. EXCLUSIVE REPRESENTATION BY JLL 15

9 REMARKABLE RETAIL PROMENADE The consumer at the retail shops is estimated by expert gaming industry analysts to comprise 70 percent of visitors from outside of Maryland. Visitors will come from around the region as well as travel here via one of the area s three international airports. MGM will cater to sophisticated locals and wealthy out-of-state visitors alike. MGM Resorts brings an un-matched track record of creating destinations that are unique with the breadth and quality of amenities that can attract greater numbers of visitors from greater distances. The Retail Promenade features approximately 18,000 square feet of luxury of retail space divisible by 15 retail spaces to lease. Select spaces can be combined to create larger footprints and branding opportunities. MGM Resorts is a champion of diversity and actively engaged with philanthropy and sponsorship of the community that will drive lasting appeal and community support for the resort. EXCLUSIVE REPRESENTATION BY JLL 17

10 sq ft. 4 1,138 sq ft sq ft. 6FLOOR 908 sq ft. PLAN sq ft. Level L1 8 1,603 sq ft. Retail Promenade & Conservatory Entertainment District 1,018 sq ft. 1,556 sq ft. 1,933 sq ft. 1,031 sq ft. 1,052 sq ft. Hotel Theater *Gross area s taken from middle of interior walls a nd outside face of exterior walls to the lease line Patisserie Parking Large Item Access Outdoor Promenade Theater 13 CASINO FLOOR West Terrace 12 Conservatory Three Meal Marcus Samuelson 1 4 LEVEL 1 FLOOR PLAN Retail Promenade Scale: 1 = Seafood Jose Andres Steakhouse Voltaggio Brothers Food Market Asian Inspired by MGM VIP Entrance Hotel EXCLUSIVE REPRESENTATION BY JLL 19

11 JOIN AN EXCLUSIVE LINE UP OF FIRST-CLASS RETAILERS AT THIS GOLDEN OPPORTUNITY AT MGM NATIONAL HARBOR ANDY CORNO Vice President JLL 1801 K Street, NW, Suite 1000 Washington, D.C andy.corno@am.jll.com GREG FERRANTE Senior Vice President JLL 1801 K Street, NW, Suite 1000 Washington, D.C greg.ferrante@am.jll.com mgmnationalharbor.com Trust our retailntelligence. jllretail.com Please play responsibly, for help visit mdgamblinghelp.org or call GAMBLER