FEATURES Formerly The East Hills Mall to be renamed by the citizens of NE Bakersfield at a future date r e s t a u r a n t s t h e a t e r s h o p p i n g l i f e s t y l e c o m m u n i t y Formerly the East Hills Mall will offer approximately 350,000sf of mixed use retail featuring entertainment, dining and shopping. Located in Northeast Bakersfield, situated to serve the 250,500 people in the primary trade area and approximately 400,000 people in the secondary trade area. The Northeast submarket is an under serviced retail market, THIS PROJECT will offer the amenities and services the submarket needs and desires. DUANE KEATHLEY Senior Director Principal (661) 633-3816 duane.keathley@paccra.com Lic. 00935011 VINCE ROCHE Senior Director Principal (661) 633-3817 vincent.roche@paccra.com Lic. 01155079 JOSH SHERLEY Associate Director (661) 633-3840 josh.sherley@paccra.com Lic. 01876855 KARI STURGEON Sales Associate (661) 633-3820 kari.sturgeon@paccra.com Lic. 01463739 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
l o c a t i o n formerly 58 The City of Bakersfield is strategically located at the southern end of California s Great Central Valley. Bakersfield offers corporations one of the most affordable and attractive locations on the West Coast. Bakersfield s available labor pool and office space, along with its increasing trade area of population of over 605,000 makes for an ideal business location. 58 New residents are attracted to Bakersfield s high quality of life. Our housing costs continue to be among the lowest in California, giving residents the ability to achieve the American dream of home ownership. Bakersfield s 2015 median home price is $199,250 as opposed to $440,000 for California, with the exception of areas such as Los Angeles, San Diego, or the Bay Area which are even higher.
l o c a t i o n formerly Downtown Bakersfield City in the Hills Master Planned Development California Office Corridor 58
l o c a t i o n 70,500 cpd
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Future Residential Growth. The northeastern portion of Bakersfield has emerged as a rapidly growing area. Within the next five years, 5,000 new homes are planned within the area of this project. City Commitment to Northeast Bakersfield. The City of Bakersfield has designated the Northeast section of town for new residential development. Due to land use and water limitations, the City of Bakersfield has annexed over 2,000 acres in order to encourage residential development in the Northeast. The City of Bakersfield and the California Water Service Company have completed the $53 million water treatment plant in the Northeast section of town in 2002, establishing the infrastructure to service over 10,000 homes - 5,000 of which will be developed in the next five years. No other part of Bakersfield can accommodate this much additional growth. Substantial Trade Area. This project is situated in a very substantial trade area, with boundaries extending west to Highway 99, south to Highway 58, north to Panorama Drive, and east to Rio Bravo Country Club. There are over 250,000 people in this trade area, representing a board spectrum of income levels. Northwest Trade Area Population: 70,367 GLA: 3,808,598 SF Retail/Person: 54.12sf Southwest Trade Area Population: 181,929 GLA: 5,515,906 SF Retail/Person: 30.31sf n o r t h e a s t b a k e r s f i e l d Northeast Trade Area Population: 199,457 GLA: 2,377,440 SF Retail/Person: 11.91sf Southeast Trade Area Population: 95,569 GLA: 1,405,889 SF Retail/Person: 14.71sf formerly UNDER SERVICED RETAIL SECTOR. The northeast area is currently under served by soft-good retailers, craft stores, book stores, linen shops, sporting good stores, state-of-the-art theaters, and eating establishments. This will become an even greater issue as the planned residential development is completed. Square footage of retail space per person national average: 22.43-46.5sf per person Exclusive Neighborhoods. Immediately adjacent this project are some of the most desirable residential neighborhoods in Bakersfield. The area also includes the Bakersfield Country Club that is recognized as the top golf course in the region. The area s topography differs from the rest of Bakersfield due to its rolling hills, access to the Kern River and the southern Sierra Mountains. In addition, the unique foothill locations provide the only residential housing in the area with views of the city.
t r a d e a r e a DRIVE TIME FROM LAKE ISABELLA ARVIN 50 minutes 29 minutes LAKE ISABELLA AREA population 15,750 LAMONT 21 minutes formerly TEHACHAPI 43 minutes Northeast Primary Trade Area Secondary Trade Area 398,721 people LAMONT population 15,376 population 15,376 ARVIN population 20,322 TEHACHAPI population 14,361
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