A PROJECT 1 2 0 0 R o u t e 2 0 6 M o n t g o m e r y T o w n s h i p, N J 0 8 5 4 0 www.montgomerypromenade.net
WELCOME TO MONTGOMERY Montgomery Promenade is a 300,000 square foot regional shopping/entertainment development located in the heart of the true Princeton demographic, which is widely recognized to be among the wealthiest and most educated regions in the nation. While this trade area is signicant, with almost 200,000 people, it is vastly underserved in almost every facet of shopping, dining and entertainment experiences. Montgomery Promenade is intended to satisfy these needs and is close enough to Princeton University and convenient enough to the regions to the south to attract a customer that would otherwise prefer to avoid the perils of Route 1. Most important, Montgomery Promenade will easily accommodate the needs of customers to the north, west and east, which are equally as wealthy and underserved but completely out of reach of Route 1. The convenience of this regional shopping and entertainment destination is unmatched as Montgomery Promenade is strategically positioned at the intersection of the region s prominent corridors Route 206 (north/ south) and Route 518 (east/west). While designed for this stronger regional draw, the shopping center also features many softer Town Center elements that include a Main Street boulevard that traverses through the center of the project with wider sidewalks, patio areas, bike paths, parks and an attractive streetscape. These details provide a pleasant, pedestrian friendly experience and a community focal point that appeals to a more afuent customery. CENTRAL SQUARE MONTGOMERY PROMENADE
BY THE NUMBERS Montgomery Township is located in the heart of Somerset County, NJ. With a population of 22,746 people based on the 2015 data release has the population continuing to grow as NJ residents continue to demand for great schools. Montgomery High School was recently ranked #16 in the state of NJ. With such a high ranking the home values have remained very strong and inventory has remained low. The township is served by two main highways, Route 208 and Route 518. NJ Transit for the Northeast Corridor serves many residents which is close by at Princeton Junction. There is also an airport with a 3,500 long by 75 wide runwayservicing the area with small propeller planes and helicopters. Although the community continues to carry at great rural feel there is a need for a speacial place that needs to be developed. TRAFFIC COUNTS IN THE AREA CENTRAL SQUARE MONTGOMERY PROMENADE Population within 5 miles with a Bachelor s Degree or Higher 72% *Over the age of 40 TOP AREA EMPLOYERS Berlitz International Bloomberg Financial Bristol-Myers Squib Capital Healthcare Dow Jones & Company FMC Corporation Helene Fuld Medical Center Hyatt Regency Hotel Johnson & Johnson Lockhead Martin Merril Lynch Princeton University 5 10 15 Minutes Minutes Minutes Route 206 Route 518 Roadway A POPULATION HOUSEHOLDS AVG INCOME POPULATION HOUSEHOLDS AVG INCOME POPULATION HOUSEHOLDS AVG INCOME ROADWAY Weekday Saturday Sunday Route 206 20000 17000 15000 Route 518 11000 7500 6500 Roadway A 8000 9000 8500 30,250 10,701 $ $162,030 82,978 29,790 $ $165,886 234,467 86,936 $ $139,956
BRIDGEWATER FLEMINGTON HILLSBOROUGH TRADE AREA MONTGOMERY KENDALL PARK POPULATION 184,731 DAYTIME POPULATION 97,005 EMPLOYEES 7,558 BUSINESSES NUMBER OF HOUSEHOLDS 67,073 AVERAGE HOUSEHOLD INCOME $162,226 EDUCATION: BACHELORS DEGREE OR HIGHER 59% HOPEWELL CLOSEST COMPETITIVE RETAIL 1. PRINCETON CENTER - 2.5 MILES 2. PALMER SQUARE - 4 MILES 3. MARKETFAIR - 7.5 MILES 4. QUAKER BRIDGE MALL - 9 MILES 2 3 4 1 PRINCETON PRINCETON JUNCTION SOUTH BRUNSWICK PLAINSBORO EAST WINDSOR
RETAIL AREA TOTAL ANNUAL CONSUMER EXPENDATURE STATISTICS (10 Mile Radius) TOTAL RETAIL EXPENDATURE $4.67B TOTAL NON-RETAIL EXPENDATURE $5.72B APPAREL $370M GIFTS $305M FOOD & BEVERAGE $1.43B ENTERTAINMENT $595M PALMER SQUARE - 4 MILES MARKETFAIR - 7.5 MILES QUAKER BRIDGE MALL - 9 MILES
14,000 VPD 21,000 VPD S ince there is not a downtown in Montgomery Township, there is a pent up demand for a Town Center. Therefore Madison Marquette has created a desination that not only has convenient, everyday shopping but also a place where people want to stay for hours on end. The project is anchored by a 60,000 sf Frank s Theater with 11 screens, 16 lanes of bowling and a 5,000 sf sports bar. The rest of the center is designed with a main street type theme including resturants, high end shopping and a 1 acre green space for outside entertainment. The total has 300,000+ sf with everything from coffee to day care to specialty boutiques to some of New Jersey s top restaurants. The center is complimented with a contemporary designed bypass road and roundabout including 33 single family lots for those who choose to live near the action but also choose to live far enough away to enjoy everything Montgomery has to offer. Architecture and Landscaping will rival anything found in the state but keep with the very desireable Montgomery feel. 10,000 VPD through new bypass road 21,000 VPD through Route 206 14,000 VPD through Route 518 300,000 + SQUARE FEET 10,000 VPD
PREMIUM SHOPPING PREMIUM SHOPPING 95,000 SQUARE FEET SHOPPING A carefully curated group of various retailers including local, regional and national tenants. This strategic selection of tenants will ensure that the shopping experience at Mongomery Promenade can draw consumers from a larger area than most retail centers in the area. EXPERIENCE PREMIUM SHOPPING
PREMIUM DINING PREMIUM DINING 30,000 SQUARE FEET DINING The premium dining experience will be anchored by 4 full service high end resturants from oporators from New York to Philadelphia. In addition to these best in class resturants, Montgomery Promenade will also feature multiple diverse dining choices for its consumers making it a destination for a unique dining experience. EXPERIENCE PREMIUM DINING
PREMIUM ENTERTAINMENT Anchored by a 60,000+ square foot entertainment center which can not be rivaled by anywhere else in the state. The Franks Theatre will consist of 11 state-of-the-art stadium seating theatre screens, 16 bowling lanes and a 5,000 square foot sports bar with televisions for endless sports viewing. 11 Screens 16 Bowling Lanes 5,000+ square foot Sports Bar 60,000 SQUARE FOOT THEATER FRANK THEATRES EXPERIENCE PREMIUM ENTERTAINMENT
PREMIUM GREEN SPACE Concerts Farmers Markets Ice Skating Connection to township bike path 1ACRE OF ACTIVE GREEN SPACE CENTRAL SQUARE Montgomery Promenade features an acre of programmed green space. Seasonal plans for this space include winter ice skating, summer concerts and weekly farmers markets which help form a unique bond with the community, ensuring that Montgomery Promenade is a family destination for all seasons. EXPERIENCE NATURE OUTDOORS
MONTGOMERY PROMENADE
NOW LEASING MONTGOMERY PROJECT MANAGEMENT: John Muly john.muly@madisonmarquette.com 732.481.2096 CONTACT LEASING: John david W. Franklin CRX, CLX john-davidw.franklin@madisonmarquette.com 215.399.5606 Michele Wilk Real Estate Broker M. Wilk Consulting michelewilk@verizon.net 732.528.8509 Madison Marquette is a private, fully integrated real estate investment management and operating company providing a comprehensive set of services to institutional investors in retail, mixed-use and office assets in top-tier markets across the United States. Since the firm s inception in 1992, Madison Marquette has worked with a premiere group of partners and clients to define and execute accretive plans to successfully achieve investment objectives. Madison Marquette has been recognized as a thought-leader and innovator in the real estate industry with a keen ability to identify trends impacting real estate investments and to strategically incorporate these trends into the firm s investment, planning, development, asset management, leasing and operating strategies.
A PROJECT 1 2 0 0 R o u t e 2 0 6 M o n t g o m e r y T o w n s h i p, N J 0 8 5 4 0 www.montgomerypromenade.net