Chapel Hill, NC
Blackwood 3-Mile Radius Durham The Location Quintessential Chapel Hill Just down Franklin Street from UNC Chapel Hill, Village Plaza is an ideally located grocery and shopping destination for longtime residents, students and visitors. Village Plaza serves a dense residential neighborhood and has become a destination overflowing with history, charm and southern hospitality. Hear, see and taste the center s unique offerings on every visit. Village Plaza Keene As a part of Chapel Hill s newest mixed-use destination, Village Plaza enhances the area s dozens of stores, shops and boutiques that provide variety for shoppers. Chapel Hill Our Customers 3-Mile Blands Population 61,578 Average HH Income $,347 Average Home Value $453,863 $376,398 BA/Graduate Degree 72.1% 72% UNC Chapel Hill Campus Site Location 2
The Market 3
Chapel Hill s Shopping Restaurants Grocery Services Living Hotels The destination and point of origin for a dense residential and commuter population Village Plaza Village Plaza is part of the lastest mixed-use destination in Chapel Hill s Blue Hill District. Surrounded by dense residential and student commuters, Village Plaza is perfectly situated amongst a growing community for shopping, dining, working, playing and living. Blue Hill District Area Highlights: Property UNC Eastgate Crossing Berkshire Chapel Hill Elliott Square Distance 2 miles < 1 mile < 1 mile < 1 mile University of North Carolina at Chapel Hill Village Plaza Elliott Square Berkshire Chapel Hill Eastgate Crossing The Community 4
1-Mile Radius 3-Mile Radius 5-Mile Radius LIFESTYLE SEGMENT* Executive Suites 10.1% Educated Professionals Age 35-54 Population 7,360 61,578 121,782 Bachelor s Degree & Above 72.7% 72.1% 68.9% Average Household Income $123,537 $,347 $109,664 Median Home Value $438,267 $453,863 $438,106 Total Daytime Population 13,909 114,472 177,124 University of North Carolina at Chapel Hill LIFESTYLE SEGMENT* Young Influentials 18.3% Young Achievers Age 25-35 TOTAL STUDENT POPULATION 29,911 STAFF AND FACULTY 11,049 Undergraduates Graduate & Professional Students Alumni Currently Living in North Carolina 18,862 11,049 175,000 * Lifestyle demographics based on a 3-mile radius. Source: Nielsen PRIZM Data Source: UNC News Demographic Snapshot 5
27278 Sold 2017 - $815K 27243 5-Mile Radius Sold 2017 - $1M Sold 2016 - $900K 27253 Sold 2017 - $840K Sold 2017 - $925K 27514 Sold 2018 - $1.15M 27707 Sold 2017 - $1.08M 27709 27516 27510 Sold 2018 - $1.3M 27713 Sold 2017 - $733K Sold 2017 - $3.25M Sold 2017 - $1.08M 27312 Sold 2017 - $550K Sold 2017 - $1.34M Sold 2017 - $800K Colored areas are representations of seperate subdivisions - see aerial zip codes ( 27516 ) for more information 27523 Home Sales within past 24 months *Source - Sample using Zillow The Neighbors 6
Center Size: 74,530 SIGNED LEASE Future Site Plan (Proposed): AVAILABLE SIGNED LEASE 2,400 SF 0 ADVANCE PHYSICAL THERAPY 3,200 SF 0 STATE FARM INSURANCE 1,600 SF 0 WHOLE FOODS MARKET 42,387 SF 0155 HOLLYWOOD FEED 150 ORANGE COUNTY FARM BUREAU 10,058 SF 2,250 SF 0150 AVAILABLE 3,437 SF 0160 AVAILABLE 2,776 SF 0170 + 0175 COMING AVAILABLE FUTURE RESTAURANT END-CAP 155 160 165 LL SE T IOT IOT LEASED 175 D TR RD (NOT A PART) Current Site Plan: AVAILABLE 170 350 + or Contiguous Parking Spaces LL SE LEASED 175 4,000 SF AVAILABLE 170 68 + or Contiguous Parking Spaces Deck 150 L E FRANK AVAILABLE 165 IN ST 0170 160 155 L E FRANK PTA THRIFT SHOP 2,824 SF ADVANCE PHYSICAL THERAPY IN ST 0165 98 + or Shared Access Contiguous Parking Spaces FUTURE PARCEL CAVA FUTURE PARCEL 0 (NOT A PART) ADVANCE PHYSICAL THERAPY 150 140 145 155 120 Leasing Plan Current and Future 125 165 170 175 160 IN ST 135 E FRANKL Future Sankyo US Headquarters L SE RD TT LIO 7
Redevelopment Outdoor Amenity Space (Elliott Rd.) We re Upgrading From good to great see what big changes are happening. n Combining and redemising mall stores to create more attractive, traditional spaces n Combining units 170 and 175 to create a full-service restaurant end-cap n Livening up the pathways with landscaping and additional placemaking details Outdoor Seating (Franklin St.) Seeking Full-Service Restaurant 150 155 160 165 170 175 COMBINING UNITS: 170 AND 175 FOR 4,000 SF Seeking Retail/Service Tenants UNIT 150 3,437 SF Upcoming Opportunities UNIT 160 2,776 SF 8
Seeking Retail/Service Tenants UNIT 150 3,437 SF UNIT 160 2,776 SF 150 150 155 160 160 155 165 170 175 150 160 109 -½ 150 FORMER MALL SPACE BEING REDEMISED FUTURE RETAIL/SERVICE SPACE FRONT ENTRANCE 86-4 160 FORMER MALL SPACE BEING REDEMISED FUTURE RETAIL/SERVICE SPACE FRONT ENTRANCE 3,437 SF 2,776 SF 30-11 ¾ 31-2 ½ Unit Details Retail & Service 9
Seeking Full-Service Restaurant COMBINING UNITS: 170 AND 175 FOR 4,000 SF 150 155 160 165 170 170 175 175 74-0 170+175 Combined Unit Restaurant End-Cap COMBINATION OF 170 + 175 4,000 SF AT DELIVERY FULL-SERVICE RESTAURANT END-CAP SPACE 54-5 Unit Details Restaurant End-Cap 10
E FRANKLIN ST FUTURE PARCEL 150 155 160 165 170 175 S ELLIOTT RD Rendering 01 Northwest End-Cap 11
E FRANKLIN ST FUTURE PARCEL 150 155 160 165 170 175 S ELLIOTT RD Rendering 02 Southwest End-Cap 12
E FRANKLIN ST FUTURE PARCEL 150 155 160 165 170 175 S ELLIOTT RD Rendering 03 Newly-Demised Retail 13
About Regency For more than 50 years, Regency Centers has owned, operated and developed dominant retail centers that are exceptionally merchandised and maintained. Our legacy of success is evidenced by 429 thriving centers, 21 regional offices and properties in most major U.S. markets. We focus on Merchandising in order to find the right mix of the best operators and unique retailers to increase consumer interest. We considerately incorporate Placemaking to create a more inviting environment to increase dwell time, shopper experience, and attract new shoppers to the location. Finally, we make sure we are Connecting the centers with our communities by utilizing technology, sustainability, and targeted consumer engagement. All contents in this document are strictly confidential and are shared with the understanding that they will be held in confidence and not disclosed to third parties without the prior consent of Regency Centers. Site plans and imagery contained herein are not a representation, warranty or guarantee as to size, location, identity of any tenant, the suite number, address or any other physical indicator or parameter of the property and for use as approximated information only. The improvements are subject to changes, additions, and deletions as the architect, landlord, or any governmental agency may direct or determine in their absolute discretion. Annie Dlugokecki 919 831 4915 AnnieDlugokecki@RegencyCenters.com 14