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Petrie Richardson Ventures | 1919 West Street, Suite 100 | Annapolis, MD 21401
All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Areas and dimensions shown are approximate.
Existing 350,000 square foot center anchored by Marshalls, Burlington Coat Factory, Nine West, Footaction USA, TD Bank, Moby Dick Seafood, Ben & Jerry’s, Noodles & Company and Chipotle. Adjacent to City Place are additional high profile tenants; Borders Books & Music, Whole Foods, Stadium Seating Majestic Movie Theater, Strosniders Hardware, Pier 1 Imports, Austin Grill, Panera Bread, Macaroni Grill, Courtyard Marriott and many others.
LOCATION
Silver Spring, MarylandAt the intersection of Colesville Road (Route 29) and Fenton Street with access & exposure to Ellsworth Drive; site is one block north of Georgia Avenue (Route 97) .
ACCESS
One mile inside the Capital Beltway (I-495). Fed by the interchange at Colesville Road & Georgia Avenue.
A county parking deck on Ellsworth Drive with 1,265 spaces feeds directly into the 4th level retail entrance of City Place. 5,000 additional county parking spaces are within a two block walk.
TRAFFIC COUNTS
Georgia Avenue (Route 97): 50,340
Colesville Road (Route 29): 33,400
Source: Maryland State Highway Administration, 2006
DEVELOPERS
Petrie Ross Ventures acquired ownership and management in July 2007. A complete new merchandising, re-tenanting and face lift is underway.
LEASING
Dennis Galanis
Petrie Richardson Ventures
410.573.3800 / 410.573.3801 (Fax)
DEMOGRAPHICS 2008 EST. 2008 EST. AVG. 2013 PROJ. POPULATION HOUSEHOLD INCOME HH INCOME
5 MILE RING 553,118 $98,501 $116,346
Daytime Office Employee Population: Additional 30,000 people within 1/2 mile
More than 15,000 people use the neighboring Silver Spring METRO daily
CIT Y PLACE MALL
410.573.3800 Petrierichardson.com
FAST FACTS ELLSWORTH PLACE
2016 2021 AVERAGE HHI ABOVE POPULATION HOUSEHOLD INCOME $100K
5 MI RING 598,484 $124,385 91,606
Petrie Richardson Ventures
Daytime Office Employee Population: 34,487 people within 1 mile 10,000 new apartments Metrorail and buses currently serve 57,000 riders daily at the Silver Spring Metro. It is estimated that this number will jump to 97,000 riders by 2020.
One mile inside the Capital Beltway (I-495). Fed by the interchange at Colesville Road & Georgia Avenue. A county parking deck on Ellsworth Drive with 1,265 spaces feeds directly into the 4th level retail entrance of City Place. 6,833 additional county parking spaces are within two blocks, totaling 8,098 parking spaces.
41,901
33,201
Source: Maryland State Highway Administration, 2008
Existing 350,000 square foot enclosed shopping mall anchored by Marshalls and Burlington Coat Factory. Other tenants includeTD Bank, Ben & Jerry’s, Noodles & Co, and Chipotle. Adjacent to Ellsworth Place is a thriving downtown, complete with a bustling pedestrian mall, the world headquarters of Discovery Communications, the American Film Institute Silver Theater and Cultural Center, Whole Foods, stadium seating Regal Majestic 20 Theater, Panera Bread, CVS, Courtyard Marriot, and the Fillmore music venue, among many others.
I-495: 244,933 Georgia Avenue (Route 97): 79,380 Colesville Road (Route 29): 34,792Source: ESRI Business Analyst Online, 2016
443.569.6972 (office) / 410.573.3801 (fax)
Joe Barilla
Petrie Richardson Ventures
VICINITY MAP ELLSWORTH PLACE
Petrie Richardson Ventures | 1919 West Street, Suite 100 | Annapolis, MD 21401
All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Areas and dimensions shown are approximate.
ELLSWORTH PLACE
TRADE AREA MAPSILVER SPRING, MD
VICINITY MAP
410.573.3800 Petrierichardson.com
FIVE MILE RADIUS DEMOGRAPHICS ELLSWORTH PLACE
Petrie Richardson Ventures | 1919 West Street, Suite 100 | Annapolis, MD 21401
Source: ESRI BAO
Summary 2016 Households by Income 2016Population 598,484 < $34,999 46,491Households 227,305 $35,000 - $49,999 24,424Families 124,912 $50,000 - $74,999 37,257Average Household Size 2.5 $75,000 - $99,999 27,528Owner Occupied HUs 112,296 $100,000 + 91,606Renter Occupied HUs 115,008Median Age 36.3
21%
11%
16%12%
40%
Trade Area Households by Income
< $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 +
46,491
24,424
37,257
27,528
91,606
010,00020,00030,00040,00050,00060,00070,00080,00090,000
100,000
< $34,999 $35,000 -$49,999
$50,000 -$74,999
$75,000 -$99,999
$100,000+
Trade Area Households by Income
2016 Average Household Income$114,935
2021 Average Household Income$124,385
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012.
410.573.3800 Petrierichardson.com
SEVEN MILE RADIUS DEMOGRAPHICS ELLSWORTH PLACE
Petrie Richardson Ventures | 1919 West Street, Suite 100 | Annapolis, MD 21401
Source: ESRI BAO
Summary 2016 Households by Income 2016Population 1,086,134 < $34,999 87,993Households 426,470 $35,000 - $49,999 42,578Families 217,756 $50,000 - $74,999 66,320Average Household Size 2.4 $75,000 - $99,999 51,789Owner Occupied HUs 206,044 $100,000 + 177,787Renter Occupied HUs 220,427Median Age 35.7
21%
10%
15% 12%
42%
Trade Area Households by Income
< $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 +
87,993
42,578
66,32051,789
177,787
020,00040,00060,00080,000
100,000120,000140,000160,000180,000200,000
< $34,999 $35,000 -$49,999
$50,000 -$74,999
$75,000 -$99,999
$100,000+
Trade Area Households by Income
2016 Average Household Income$117,942
2021 Average Household Income$127,388
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012.
410.573.3800 Petrierichardson.com
COMPETITION MAP ELLSWORTH PLACE
Petrie Richardson Ventures | 1919 West Street, Suite 100 | Annapolis, MD 21401
All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Areas and dimensions shown are approximate.
1. Adega Wine Cellars & Cafe2. AFI Silver Theatre3. Ann Taylor Loft5. Baja Fresh6. Bank of America7. Ben and Jerry’s8. Bombay9. Cake Love10. Chik Fil A11. Chipolte12. Coldstone Creamery13. Color Me Mine14 Regal Majestic 20 Theaters15. Courtyard Marriott Hotel16. DSW Shoes17. Eggspectation18. Lebanese Taverna Cafe20. Men’s Wearhouse21. My Eye Dr22. Next Day Blinds23. New York & Company24. Noodles & Company26. Panera Bread28. Potbelly Sandwich Works29. Red Lobster30. Copper Canyon31. Round House Theatre32. Roundhouse Theatre School33. Sprint34. Starbucks35. Strosniders Hardware36. Thai at Silver Spring, 37. Ulta38. Washington Sport Club43. Whole Foods Market40. The Filmore41. Family Dry Cleaners42. CVS
1
524
22
18
3439
15
2821
33
26
6
36
31
83 38
16
14
101312
35
29417
20
1910
23
27
27
25
11
32
3730
40
9
41
42
410.573.3800 Petrierichardson.com
MONTGOMERY COUNTY MAJOR EMPLOYERS ELLSWORTH PLACE
Company JobsNational Institute of Health 14,761Adventist Healthcare 8,572National Naval Medical Center 8,108US Food and Drug Administration 5,745Marriott International 5,025Lockheed Martin 4,741Giant Food 4,377Montgomery College 3,451Kaiser Foundation Health Plan 3,389Nation Geospatial Intelligence Agency 3,000Verizon 2,895Holy Cross Hospital 2,890National Institute of Standards and Tech 2,700National Oceanic and Atmospheric Agency 2,550 (+ approx 2,150 contractors)US Nuclear Regulatory Commission 2,391GEICO 2,372Chevy Chase Bank/Capital One 2,000Suburban Hospital 1,972Westat 1,905MedImmune 1,900Discovery Communications 1,738IBM 1,709Hughes Network Systems 1,697Safeway 1,619US Department of Energy 1,594Naval Surface Warfare Center, Carderock Div. 1,543Choice Hotels 1,524
Source: www.choosemaryland.org
410.573.3800 Petrierichardson.com
Petrie Richardson Ventures | 1919 West Street, Suite 100 | Annapolis, MD 21401
