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West 7th Leasing Package
1. Market Overview
Fort Worth, the nation’s 18th largest city, known as the city “Where the West Begins”, is second in terms of major metro area population growth rates.
It is booming with new hotel, office, residential and retail development in its thriving downtown - most notably in its Central Business District and
western corridor where West 7th is situated, at the epicenter of museums, art galleries, entertainment venues, restaurants and night life.
Fort Worth, from its 1849 beginnings as a center of cowboy commerce, first with the livestock industry and then with oil, has held on to its position
as a hub of commercial activity for Texas and for the entire Southwestern United States. The result today is a developing urban marketplace where
professionals, university students, tourists and locals come together in a vibrant, multi-faceted mix of consumers. And now, with the City’s Urban
Market Overview
Village Development Program in full swing, the Cultural District is really lighing up. Fort Worth’s Cultural District includes over 5 million visitors
annually, with an average income of over $160,000 and the National Cutting Horse Association (NCHA) which hosts events at Will Rogers Memorial
Center with approximately 400,000 in attendance who stay an average of 5.1 days per event. The NCHA demographics include an average household
income of $177,405; an average household investment portfolio of $239,300; an average household net worth of $1,526,000; and 56% are president,
CEO, chairman, partner, executive vice president or owner of a company.
Fort Worth provides ideal for companies of all sizes and from many different industry sectors. As one of the most diverse high-tech manufacturing
locations in Texas, this area is home to a variety of high-tech corporations including Nokia, Motorola and National Semiconductor Corp. A number
of international corporations are also headquartered here, such as American
Airlines, BNSF Railway, Pier 1 Imports, RadioShack and XTO Energy. Other
corporate luminaries include Lockheed Martin, Bell Helicopter, Federal Express
and Ben E. Keith. Healthcare, finance, telecommunications, education, tourism,
retail trade and services are also significant economic sectors for the area. WEST 7 TH
Texas Christian University with 6,800 undergraduates, 1,200 graduate students
and 1,600 faculty members as well as over 16,000 healthcare professionals with
Cook Children’s Medical Center, Harris Methodist Fort Worth Hospital, Baylor
All Saints Medical Center, Plaza Medical Center, UNT Health Science Center,
JPS Health Network and Huguley Memorial Medical Center all live, work and
play in Fort Worth.
Sources: Fort Worth Chamber of Commerce &
National Cutting Horse Association
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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2. Market Overview
Market Overview
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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3. Market Overview
Market Overview
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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4. Project Overview
OUTDOOR ROOM
North & South Center Blocks
West 7th represents a strategic blend of pedestrian-friendly urban components located at the nexus of six major arterials in the
West 7th
Fort Worth, Texas
Job #: 06135.01 File Name: centerroom_sheet.psd Date: 03 Oct 2007 Drawn by: NMM
marketplace where awareness, style, taste and a search for new experiences have created a burgeoning community of commercial
activity.
Project Overview
From high concept eateries and home furnishing stores, to destination tenants like Movie Tavern and LA Fitness, to national and local
specialty retailers, West 7th will serve a multi-tiered market. Increasing numbers of Cultural District visitors, local residents, TCU
students, Central Business District and medical center employees ensure a bright future of the development and the area.
The merchandising of West 7th matches the way our consumers want to live their lives. An equal mix of entertainment, fashion and
dining, designed to complement and enhance existing area retail and to capitalize on the new residences being developed by Columbus
Realty Partners, plus new office development that is incorporated into the West 7th site.
Address: SEC of West 7th and University
Fort Worth, TX
Retail Space: 254,000 SF of Retail / Restaurant Space
Office Space: 106,000 SF
Residential: 441 Units
Leasing Contact: Michael Wheat
Cypress Equities
214-561-8875 phone
Michael.Wheat@CypressEquities.com
Please see other pocket for project photos.
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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5. Project Overview
Aerials taken 9/8/09
Project Overview
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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6. Project Overview
Aerials taken 9/8/09
Project Overview
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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7. Demographics and Housing
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Demographics and Housing
Demographics 3-Mile 5-Mile 10-Mile
Estimated Population 2009 88,079 238,049 771,645
Average Household Income 2009 $58,734 $56,588 $58,107
Estimated Households 2009 30,783 79,994 275,010
Median Age 2009 33.60 32.80 33.80
Daytime Population 2009 143,886 295,037 778,446
Tarrant County
Estimated Population 2009 1,804,142
Projected Population 2014 2,017,844
Average Household Income 2009 $70,057
Projected Average HHI 2014 $72,814
Primary Trade Area
Total Retail Potential 1,255,465,466
Source: Demographic data copyright 2008 by Experian / Applied Geographic Solutions
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www. west-7th.com
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8. Demographics and Housing
Demographics and Housing
Source: Demographic data copyright 2008 by Experian / Applied Geographic Solutions
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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9. Tenants/Lease Plan
OPEN OPEN
Under Construction OPEN OPEN
Tenants and Lease Plan
Under Construction OPEN
Under Construction
OPEN
flirt
Boutique
OPEN OPEN Under Construction
OPEN OPEN
OPEN Under Construction
Sweet
Sammies
TM
Cookies + Ice Cream
OPEN OPEN OPEN
OPEN
OPEN
OPEN OPEN
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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10. Tenants/Lease Plan
Tenants and Lease Plan
Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon, (ii) subject to change,
modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on the site plan.
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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11. Tenants/Lease Plan
Tenants and Lease Plan
Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon, (ii) subject to change,
modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of any store named or depicted on the site plan.
Please see other pocket for larger lease plan.
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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12. Why Choose Fort Worth
Regional Highlights
• Fort Worth is located in North Central Texas, 30 miles west of Dallas - this central location makes Fort
Worth a midpoint for national businesses
• Dallas-Fort Worth was recognized as the second-best market in the U.S. for new and expanded corporate
facilities in 2008 by Site Selection magazine
• Some of the area’s projects last year included AT&T’s move to Dallas, the construction of a $232.5 million
data center in Fort Worth’s Alliance development for Blue Cross Blue Shield and a distribution center for
Cinram International, also at Alliance
• The Dallas-Fort Worth-Arlington region added the second-largest number of jobs of any of the nation’s
biggest metropolitan areas during the 12 months ending in October, according to a U.S. Bureau of Labor
Statistics report Tuesday Why Fort Worth?
• Fort Worth residents enjoy the area’s affordable, easy-going lifestyle, thriving business environment,
outstanding educational system, active arts community and a dynamic downtown that dazzles locals and
tourists alike
• Fort Worth’s Bass Performance Hall is listed among the Top 10 opera halls in the world
• Fort Worth has 109 acres of museum space; 2nd in the nation behind only Washington DC for the most
accredited museums within walking distance from each other
Population, Education and Housing
Fort Worth’s residents are its greatest assets. A few fast facts:
Population Growth (Dallas/Fort Worth Metroplex):
• 20% population growth from 2000 to 2008
• Tarrant County has seen a 20% growth since 2000
Well Educated:
• From well-known public and private universities to technical schools and medical training, North Texas
attracts and produces talented, skilled employees at its many higher education institutions
• Fort Worth and Dallas area colleges and universities enroll over 250,000 students annually and graduate
more than 30,000
• 20% of residents 25 or older have a bachelor’s degree and 16% have a graduate or professional degree
Housing:
• 13% growth from 2000 to 2008
Major Employers
AMR/American Airlines BNSF Railway D.R. Horton Homes
XTO Energy RadioShack Americredit
Lockheed Martin Texas Health Resources Fort Worth ISD
City of Fort Worth Bell Helicopter Harris Methodist Fort Worth Hospital
JP Morgan Chase Bank Cook Children’s Health Care System JPS Health Network
Source: Fort Worth Chamber of Commerce
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com
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13. Aerial
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
14. LEASE PLAN
Why Fort Worth?
Why Fort Worth?
Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of
any store named or depicted on this site plan.
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
15. COMPONENT / TENANT DIAGRAM
Why Fort Worth?
Why Fort Worth?
Disclaimer: Specific names of tenants, their status, location and size are (i) not intended to be and should not be or have been relied upon , (ii) subject to change, modification and deletion by Landlord and (iii) not a representation or warranty as to the opening or continued operation of
any store named or depicted on this site plan.
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
16. PHOTOS
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
17. PHOTOS
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
18. PHOTOS
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
19. PHOTOS
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
20. PHOTOS
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH
21. PHOTOS
Why Fort Worth?
Why Fort Worth?
Michael Wheat | 214-561-8875 | michael.wheat@cypressequities.com | www.west-7th.com WEST 7 TH