A 1200 R o u te 206
PROJECT Mo n tg o m e r y Town sh i p , N J 0 8 5 4 0 www.montgomerypromenade.com
WELCOME TO MONTGOMERY
M ontgomery 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 significant, 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 affluent customer.
CENTRAL SQUARE MONTGOMERY PROMENADE
M ontgomery 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
BY THE NUMBERS
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.
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
CENTRAL SQUARE MONTGOMERY PROMENADE
Population within 5 miles with a Bachelor’s Degree or Higher
TRAFFIC C O U NT S IN THE AREA
72%
*Over the age of 40
10
5
Route 206
ROADWAY
Route 518
Roadway A
Weekday
Saturday
Sunday
Route 206
20000
17000
15000
Route 518
11000
7500
6500
Roadway A
8000
9000
8500
POPULATION
HOUSEHOLDS
AVG INCOME
POPULATION
HOUSEHOLDS
$ 18,051
6,858
$176,279
15
Minutes
Minutes
84,610
30,590
AVG INCOME
$
$178,063
Minutes POPULATION
202,921
HOUSEHOLDS
73,792
AVG INCOME
$
$156,481
TRADE AREA
POPULATION
311,660
DAYTIME POPULATION
NUMBER OF HOUSEHOLDS
256,599 113,601 EMPLOYEES 14,156 BUSINESSES
AVERAGE HOUSEHOLD INCOME
$151,753
EDUCATION: BACHELORS DEGREE OR HIGHER
62.9%
BRIDGEWATER FLEMINGTON HILLSBOROUGH
MONTGOMERY KENDALL PARK 1
SOUTH BRUNSWICK
2
HOPEWELL
PRINCETON
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
3
PLAINSBORO PRINCETON JUNCTION
4 EAST WINDSOR
RETAIL AREA
TOTAL ANNUAL CONSUMER EXPENDATURE STATISTICS (10 Mile Radius) TOTAL RETAIL EXPENDATURE
$4.89B
TOTAL NON-RETAIL EXPENDATURE
$6.0B
APPAREL
$388M GIFTS
$321M
FOOD & BEVERAGE
$1.5B
ENTERTAINMENT
$624M
SOMERVILLE
10 MILES
E TIM IVE DR E T U MIN 15
EDISON NEW BRUNSWICK
5 MILES
10
RARITAN CENTER
ME ETI RIV D UTE MIN
3 MILES
E TIM IVE DR E UT MIN
MONTGOMERY 5
DELAWARE RIVER
NEW HOPE PRINCETON
PRINCETON UNIVERSITY
MONROE TOWNSHIP
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
14,000 VPD
21,000 VPD
10,000 VPD
300,000 SQUARE FEET
+
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 • 11 Screens • 16 Bowling Lanes • 5,000+ square foot Sports Bar
Anchored by a 60,000+ square foot entertainment center which can not be rivaled by anywhere else in the state. The 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.
60,000 SQUARE FOOT
EXPERIENCE
THEATER
COURTYARD ENTERTAINMENT
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
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.
PROJECT MANAGEMENT: John Muly john.muly@madisonmarquette.com 732.481.2096 Steve Lidster steven.lidster@madisonmarquette.com 732.897.6512 CONTACT LEASING: John-david W. Franklin CRX CLX john-davidw.franklin@madisonmarquette.com 215.399.5606 Marcia Minton marcia.minton@madisonmarquette.com 215.399.5607
A 1200 R o u te 206
PROJECT Mo n tg o m e r y Town sh i p , N J 0 8 5 4 0 www.montgomerypromenade.com