Opening Fall 203
Project Overview Alaska s, first factory outlet/off-price shopping center is coming to Anchorage. Featuring over 50,000 square feet of exciting new outlet brands, the Outlets of Alaska at Dimond Center is being developed as part of a thriving mixed-use regional shopping center known as Dimond Center. Centrally located just 9 miles south of downtown Anchorage, Dimond Center is currently host to over 2 million visitors annually and is situated near the highest residential concentration and hub of commercial activity. Alaska s unique State Permanent Fund Dividend program can be partially attributed to the exceptional resident spending power. Its annual disbursement of thousands of dollars to each and every Alaskan household provides additional disposable income to Alaskans resulting in a fall spending boom when people from all over the state of Alaska fly to Anchorage to shop. Dimond Center s critical mass of retail, dining, professional, hospitality and entertainment already draws more traffic than any other facility in the entire state of Alaska. The integration of the Outlets of Alaska into Dimond Center will create incredible synergy and further solidify the center as Alaska s premier shopping destination. GLA: 50,000 sf NUMBER OF STORES: 40+ ALASKA ANCHORAGE FAIRBANKS CANADA the Outlets of Alaska Gulf of Alaska at dimond center 2
the Outlets of Alaska at dimond center Location Anchorage is Alaska s largest city with a population of 29,826 having one of Anchorage the world s most beautiful natural landscapes as its back drop. Located at the corner of Dimond Boulevard and Old Seward Highway in South Anchorage, Dimond Center is an area with the highest concentration of residential density and average household incomes. The center is visible from New Seward Highway, which is the most highly trafficked interstate in Anchorage. The center is 6 miles from Anchorage International Airport and less than 0 miles from Downtown Anchorage. Ted Stevens Anchorage International Airport the Outlets of Alaska at dimond center ALASKA FAIRBANKS CANADA ANCHORAGE the Outlets of Alaska at dimond center Gulf of Alaska 3
Demographics Distance Population Avg HH. Income ANCHORAGE Measures,967 square miles, largest city in Alaska Total population of 29,826. Active, youthful market with a median age of 33.5 and 27% of the population between the ages 20-39years with an average household income of $88,3. Average home value is $325,967. Port of Anchorage receives 95% of all goods entering the state. Anchorage International Airport is the world s third busiest airport by cargo traffic. Anchorage International Airport receives over 6 million passengers annually. Alaska has about one registered pilot for every 58 residents, six times as many pilots per capita and 4 times as many airplanes per capita as the rest of the United States. 5 mile radius 44,328 $00,255 0 mile radius 250,822 $86,475 30 mile radius 300,88 $88,035 60 mile radius 382,474 $85,753 SHOPPING Another important aspect is the Alaskan bush shopper. There are an estimated 300,000+ Alaskan shoppers from outside of Anchorage that shop in Anchorage. Contributing factors for this phenomenon are: No sales tax in Anchorage. No state sales tax in Alaska. Every qualifying person gets a PFD check annually (estimated at $,305 for 202). Many bush shoppers are shareholders in Alaska native corporations that pay dividends adding to the overall income. 4
Anchorage, Alaska The Alaskan Cruise Impact There are over 00 cruise ship dockings annually in Southcentral Alaska (Anchorage, Seward CONVENTIONS and Whittier) with over 300,000 cruise ship passengers transiting through Anchorage. Convention impact of $00 million. Alaska cruise passengers are predominantly from the United States (82 percent). The Western 8,000 hotel rooms and 850 bed and breakfast establishments. The Alaska Federation of Natives (AFN) Convention has a major impact on retail sales thanks to the Alaskan bush shopper. US is the largest market, representing nearly one-third of all passengers, followed by the South, East, and Midwest. Canadians represent less than one in ten passengers. Cruise passengers tend to travel in 2-person parties, and show an average party size of 2.5. They report an average age of 53 years old. Six out of ten cruise passengers have a college degree. The average reported annual household income was $05,000. Source: Economic Impacts of the Cruise Industry in Alaska, 2007 McDowell Group, Inc. 5
Tikahtnu Commons 5th Avenue Mall Ted Stevens Anchorage International Airport the Outlets of Alaska mile at dimond center 3 mile 5 mile South Anchorage has a high Average Household Income of $ 00,255 Competition 5th Avenue Mall Nordstrom, JCPenny, Coach, Banana Republic, Abercrombie, American Eagle, Sephora, Apple Tikahtnu Commons Target, Sports Authority, Lowes, PetSmart, Best Buy 6
PetSmart Bed, Bath & Beyond Starbuck s East Dimond Boulevard Border s Best Buy the Outlets of Alaska at dimond center New Seaward Highway Walmart Old Seaward Highway Sam s Club Sports Authority Aerial View State DOT Daily Traffic Counts 7,259 at the corner of Dimond Boulevard and Old Seward Highway / 2nd highest trafficked corner in Alaska 55,243 on New Seward Highway 7
ARCHITECTURAL RENDERING I EXTERIOR SIGNAGE & ENTRY 8
ARCHITECTURAL RENDERING I EXTERIOR SIGNAGE & ENTRY 9
ARCHITECTURAL RENDERING I INTERIOR SIGNAGE & FACADE 0
ARCHITECTURAL RENDERING I INTERIOR SIGNAGE & FACADE
Project Team Opening in 977 Dimond Center has become the # shopping destination in Alaska. A mixed used project Dimond Center has over 750,000 sq. ft. of retail, restaurants, entertainment and office use. The strong demographics of South Anchorage and the phenomenon of the Alaska bush shopper have contributed to Dimond Center s small shop sales PSF of over $480.00. Dimond Center LLC was founded by Managing Member Joe C. Ashlock and currently has industry veterans Hugh Ashlock and Gary Shimada SCLS, SCSM as the development and remerchandising team. Dimond Center is an active member of the International Council of Shopping Center and the Northwest Independent Mall Group. Dimond Center has partnered with FFO Real Estate Advisors, a full service real estate company and licensed brokerage based in Baltimore, Maryland to develop The Outlets of Alaska at Dimond Center. FFO specializes in offering third party leasing and development consulting services for shopping center landlords and retailers. With over 40 years of experience among the principals, FFO brings together the talents and expertise of three former Prime Retail leasing executives who each share unparalleled knowledge and professional connections within the factory outlet/off price shopping center industry. FFO is well known for its work on several high profile outlet center developments throughout the U.S., totaling in excess of two million square feet. LOD Solutions, LLC is an innovative company that creates a total package of support services for the real estate & development industry. LOD Solutions provides the many individual services and consultant contracts necessary for producing the needed materials to design, develop, lease, and market both existing portfolio s as well as developing and opening new projects. LOD Solutions has assembled a team of the brightest professionals in the industry that work together to provide a total collaborative set of services, management & leasing tools to their clients. 2