PLANT CITY ECONOMIC DEVELOPMENT CORPORATION PLANT CITY REIMAGINED: THE EAST GATEWAY ENTERPRISE

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Clyde Welch
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1 PLANT CITY ECONOMIC DEVELOPMENT CORPORATION PLANT CITY REIMAGINED: THE EAST GATEWAY ENTERPRISE

2 OPPORTUNITY IS HERE... Plant City is a community with delightful art scenes, endless outdoor entertainment, rich history and a vibrant culture. Each year, the renowned Florida Strawberry Festival draws hundreds of thousands of residents and visitors where attendees enjoy musical performances and celebrate our city s rich agricultural heritage. In Plant City s historic downtown area, you will find food truck rallies, car shows, community races, and much more. Our strategic location offers convenient access to world class attractions and pristine beaches. The quality of life here is uniquely Plant City, making our community a wonderful place to live, work and raise a family. PLANT CITY ECONOMIC DEVELOPMENT CORP Quickly becoming known as Central Florida s Hidden Gem, our medium-sized community offers a quaint, friendly and welcoming environment with the regional assets of a metro city. With Tampa just 25 miles west, Orlando 40 miles east and six convenient exits along Interstate 4, Plant City is truly in the center of it all. Access to cargo facilities at both Tampa and Orlando International Airports as well as Port Tampa Bay provides businesses and consumers alike a unique edge on the competition. Not only do we have the right ingredients for businesses and families to succeed, we also have adequate space and capacity to welcome others. Plant City has over 2.5 million square feet of new speculative commercial space coupled with over 3,000 acres of land ready for development. JAKE AUSTIN President & CEO PLANT CITY ECONOMIC DEVELOPMENT CORPORATION jaustin@plantcityedc.com

3 THONOTOSASSA RD FORBES RD EAST GATEWAY ENTERPRISE ALEXANDER ST REYNOLDS ST WHEELER ST COLLINS ST BAKER ST PARK ROAD COUNTY LINE ROAD I-4 EXITS (6 TOTAL) EAST GATEWAY ENTERPRISE 1.5 MILES TO I MILES FROM MIDTOWN

4 THE GATEWAY A PATHWAY TO DOWNTOWN PLANT CITY S FUTURE The East Downtown Gateway signifies a fresh path toward the future of Plant City. This half-mile stretch of property contains nearly 200,000 square feet of commercial space located 1.5 miles from Interstate 4 and is within walking distance from the Historic District. It is truly an ideal redevelopment opportunity. Restaurants, urgent care centers and new professional office space are just some of the concepts envisioned for this area. This brochure provides supporting data which demonstrates the potential and demand for these services and more. The data presented represents the five-miles surrounding The Gateway.

5 CONCEPTUAL RENDERINGS KEY 1. East Gateway Signifier 2. Urgent Care Center 3. Restaurant Concept 4. Office/Retail Concept 5. Office/Retail/Concept 6. Restaurant Concept

6 DEMOGRAPHICS With nearly 65,000 people living within five miles of this area, growth is inevitable. The population in this area is expected to grow to over 71,000 by 2021 with over 63% representing individuals between the ages of 20 to 59. Nearly a quarter of this demographic are college educated with an income distribution of $50,000 or higher. Redevelopment of The East Downtown Gateway is only the beginning.

7 TOTAL POPULATION ,713 71,164 *Total Population within a 5-mile radius of The Gateway PROJECTED GROWTH IN 5 YEARS HOUSEHOLD INCOME > $50, % 61.04% *Household income within a 5-mile radius of The Gateway PROJECTED GROWTH IN 5 YEARS

8 CONSUMER SPENDING Plant City is truly a great place to live, work and raise a family. It is a place where people come to share a meal and uncover unique finds. It is a place to come for the latest in health care technology and services. This is reflected in the spending patterns of consumers surrounding The East Downtown Gateway.

9 FOOD AND BEVERAGE INCLUDES: Food at Home Food Away from Home Alcoholic Beverages PER HOUSEHOLD $7,578 $8,328 TOTALS $172,616,000 $203,075,000 SHELTER TOTALS $238,240,000 $283,507,000 INCLUDES: Mortgage Interest Property Taxes Rental Costs Miscellaneous Owned Dwelling Cost TRANSPORTATION TOTALS $221,589,000 $261,079,000 INCLUDES: New and Used Vehicle Purchases Motorcycles Vehicle Finance Charges Gasoline and Oil Vehicle Maintenance Vehicle Insurance Public Transportation HEALTH CARE INCLUDES: Health Care Insurance Health Care Services Health Care Supplies and Equipment TOTALS $94,703,000 $110,379,000 *Totals indicate estimated revenue within a 5-mile radius of The Gateway

10 BUSINESS LANDSCAPE The industry base surrounding The East Downtown Gateway supports our redevelopment vision. Plant City is well known for its strong agricultural roots. The agribusiness industry reaches well beyond the physical growing and harvesting of crops. The true economic impact comes from suppliers and various supporting operations that bring the products to market. In addition to agribusiness, the industry clusters surrounding The Gateway include banking, construction services, professional services, information technology, and food services.

11 RETAIL CONSTRUCTION BANKING LOCAL INDUSTRY LEADERS Accurate Data Entry Buddy Freddy s $1,433,444,000 $527,335,000 $197,917,000 Carrabba s Italian Grill CenterState Bank PROFESSIONAL SERVICES $184,020,000 ACCOMODATION AND FOOD SERVICES $129,541,000 INFORMATION SERVICES $139,519,000 REAL ESTATE AND RENTALS $113,966,000 CFD a LeFrois Company City Properties Company Donco Realty Impulse Point Jarrett Scott Ford Lakeside Station Logistics Park Plant City Times and Observer Sedita Kilton & Company Stingray Chevrolet Sunshine Bank T. Clayton Jenkins Construction Trinkle, Redman, Coton, Smith, P.A. *Totals indicate estimated revenue within a 5-mile radius of The Gateway

12 CONCEPTUAL RENDERINGS 1. East Gateway Signifier 2. Urgent Care Center 3. Restaurant Concept 4. Office/Retail Concept 5. Office/Retail/Concept 6. Restaurant/Office Concept (Not shown on Map)

As people enter from this location, they will find a city full of

14 1 EAST GATEWAY SIGNIFIER The East Gateway signifier symbolizes a new day for Plant City, FL. As people enter from this location, they will find a city full of history, culture and opportunities. Location: West Baker Street East Reynolds Street Plant City, FL 33563

44 Zone: PD Current Property Use: Office Consumer Spending: Local

16 2 URGENT CARE CENTER Location: 801 East Baker Street Plant City, FL Square Ft: 106,286 (Total Property) Acres: Approx Zone: PD Current Property Use: Office Consumer Spending: Local consumers will spend more than $94 million on health care services in 2016.

3 RESTAURANT CONCEPT Location: 305 East Reynolds Street Plant City, FL 33563 Square Ft: 7,560 (Existing Building) 16,553 (Total Property) Acres: Approx. 0.

18 3 RESTAURANT CONCEPT Location: 305 East Reynolds Street Plant City, FL Square Ft: 7,560 (Existing Building) 16,553 (Total Property) Acres: Approx Zone: C-2 Current Property Use: Light Manufacturing Consumer Spending: Dollars spent on food and beverages eaten away from home is estimated to be $69-plus million in 2016 for consumers located within a 5-mile radius of this property.

4 OFFICE/RETAIL CONCEPT Location: 401 East Reynolds Street Plant City, FL 33563 Square Ft: 9,583-25,700 Acres: Approx. 0.

20 4 OFFICE/RETAIL CONCEPT Location: 401 East Reynolds Street Plant City, FL Square Ft: 9,583-25,700 Acres: Approx Zone: C-2 Current Property Use: Retail/Office Consumer Spending: The local spending potential on professional services like legal services is estimated to be more than $184 million in 2016.

5 OFFICE/RETAIL CONCEPT Location: 605 East Reynolds Street Plant City, FL 33563 Square Ft: 31,799 Acres: Approx. 0.

22 5 OFFICE/RETAIL CONCEPT Location: 605 East Reynolds Street Plant City, FL Square Ft: 31,799 Acres: Approx Zone: C-1 Current Property Use: Municipal Consumer Spending: Local spending on information services like telecommunication, data and research companies, and publications is expected to be close to $140 million this year.

24 6 PLANT CITY DOWNTOWN STATION Just at the corner of Reynolds Street and Wheeler Street stands this iconic landmark. Since 1935 the downtown United States Post Office has been a staple in the Plant City community. Today the property is looking for another way to continue to bring life to the downtown area. It is the ideal location for a restaurant or retail concept like the one pictured on the far right. Location: 301 West Reynolds Street Plant City, FL Square Ft: 18,920 Acres: Approx Zone: C-1 Parking Spaces: Approx. 50 Current Property Use: Retail/Office Consumer Spending: Dollars spent on food and beverages eaten away from home is estimated to be $69- plus million in 2016 for consumers located within a 5-mile radius of this property.

26 PLANT CITY ECONOMIC DEVELOPMENT CORP 118 WEST REYNOLDS STREET PLANT CITY, FL PLANTCITYEDC.COM

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