The average household income in The Galleria s primary trade area is $77,981 and more than 23% of the households have incomes over $100,000. Primary trade area residents are welleducated with 37% having a college degree. There are more than 33,000 hotel rooms in The Galleria s trade area. Within five miles of the center, there are nine four-diamond hotel properties, all of which achieve an average annual room rate of over $300 per night. There are currently 5,100 residential units approved or under construction within three miles of The Galleria.
The City of Fort Lauderdale is the largest of Broward County s 31 municipalities and the seventh largest city in Florida. An advantageous economic climate is contributing to Fort Lauderdale s growing reputation as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses. Fort Lauderdale supports a diverse range of industries including marine, manufacturing, finance, insurance, real estate, information technology, avionics and film and television production.
Why have so many companies relocated to Greater Fort Lauderdale? Click here to find out! New Luxury Condominium & Hotel Development The Related Group of Miami will be building luxury condominiums on Fort Lauderdale beach which will be managed by California-based Auberge Resorts Collection. Construction is expected to start early 2015 with occupancy slated for late 2017 or 2018. The two-building Auberge Beach Residences and Spa will feature 171 condos with prices ranging from $1.5 million to $8 million. The project will also include a five-star Auberge Du Soleil hotel located one-mile from The Galleria. To read more, click here. Greater Fort Lauderdale Alliance Three-time winner of national economic development honors from Business Facilities Magazine. To read more, click here.
Total Trade Area Demographics Galleria at Ft. Lauderdale Aventura Mall Town Center of Boca Raton 2015 Est. Population 700,241 632,992 433,176 2020 Projected Population Projected Growth 2015-2020 739,327 670,513 454,063 5.58% 5.93% 4.82% Average HH Income $67,455 $59,880 $78,526 Median HH Income $46,803 $41,796 $51,993 Per-Capita Income $28,126 $23,253 $34,866 # of HH $75,000+ 166,367 113,132 133,008 Median Age 41.4 40.1 47.7 White Collar Employed 203,836 168,648 127,573 College Degree 216,777 179,409 183,075 Daytime Worker Base (3-mile Radius) 135,239 77,000 74,495
Greater Fort Lauderdale is the state s second most populous county with 9.3% of Florida s population and a workforce of nearly two million. The Galleria has a strong daytime/worker population base with over 135,239 people working within three miles of the center. The daytime/worker base spends upwards of $753 million in retail and restaurant expenditures annually, additional dollars available to be captured by The Galleria s retailers and restaurants.
The Fort Lauderdale area has a strong tourism presence with over 14.3 million visitors in 2014, producing $11.4 billion in total expenditures. The Galleria is located in close proximity to the Fort Lauderdale/Hollywood International Airport, which services 36 airlines and 24.1 million passengers, as well as Port Everglades, listed among the top three cruise ports in the world servicing 50 ships and 4 million passengers annually. Greater Fort Lauderdale will host a station for All Aboard Florida, a new high speed rail system that will run between Miami and Orlando with stops in Miami, Fort Lauderdale, Palm Beach and Orlando. This rail system will open up opportunities for greater tourism by allowing visitors to easily travel between the major destinations within the state in a short period of time.
The Galleria has a total trade area population of 700,241 people and the median age in the total trade area is 41.4 years Primary Trade Area 3 Miles Population 101,661 Total Households 50,724 Average Household Income $77,981 Median Age 45.4
Located in east Fort Lauderdale with close proximity to Fort Lauderdale Beach, The Galleria at Fort Lauderdale is the premier shopping destination in Broward County, attracting both affluent local and international customers. Anchors include Neiman Marcus, Macy s and Dillard s. Current retailers include: Coach, Cole Haan, J. Crew, Michael Kors, Sephora, Swarovski, Williams Sonoma and the Apple Store. Average sales psf at The Galleria are $845.
Fall 2015 Spring 2016
The Galleria completed a major redevelopment in 2004 which added five upscale fine dining and nightlife establishments including The Capital Grille, Seasons 52, Truluck s, PF Chang s and Blue Martini. These restaurants together average over $900 psf.
The Galleria is undergoing a $3 million renovation to the Food Court. The new design will feature 7 food court units. One unit will offer approximately 2,800 square feet and the remaining units will offer between 680 and 960 square feet. The redesigned food court will be adjacent to P.F. Chang s China Bistro, Seasons 52, The Capital Grille and Blue Martini. The space is scheduled to be completed by Fall 2015. Click the image below to view the food court plan.
Click the images below to view the Lease Plans for The Galleria.
The $1 billion development project surrounding The Galleria will include eight sites comprised of 1,200 high-end residences including condos, apartments and senior living. The LEED certified project also includes a 165-room hotel, an office tower and $30 million in streetscape improvements around the center. If approved, construction is expected to begin in late 2015. Click the image below to view the proposed plan.
The Galleria at Fort Lauderdale 2414 East Sunrise Blvd Fort Lauderdale, FL 33304 www.galleriamall-fl.com Kim Salvatori Vice President Leasing Representative JLL +1 (941) 906-7786 kim.salvatori@am.jll.com Molly Morgan Leasing Representative JLL +1 (404) 995-6317 molly.morgan@am.jll.com www.jllretail.com 2015 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable, however, no representation or warranty is made to accuracy thereof.