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Prepared by: Derek Development Corporation, LLC 1035 East Milton Lafayette, LA The Shops at Miramar Community Profile This site is located west of the.

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Presentation on theme: "Prepared by: Derek Development Corporation, LLC 1035 East Milton Lafayette, LA The Shops at Miramar Community Profile This site is located west of the."— Presentation transcript:

1 Prepared by: Derek Development Corporation, LLC 1035 East Milton Lafayette, LA The Shops at Miramar Community Profile This site is located west of the City of Youngsville (within 3 miles) and South of the City of Lafayette (within 3 miles) at 1035 East Milton Avenue. Milton Avenue is a primary east-west thoroughfare, and will be a critical artery connecting the area with Highway 90 via Chemin Metairie Parkway’s Phase 2 will connect daily traffic to highway 90. To accommodate the traffic flow and rapid growth of this area the State and the city of Youngsville have installed a Roundabout (traffic circles) at the intersection of Verot School Road @ Milton and Milton @ Chemin Metairie. Population Youngsville, Louisiana and the surrounding Lafayette Parish (East Milton) has been the state’s fastest growing area for more than 20 years. The Shops at Miramar will be located on the South Side of Lafayette on Hwy 92 near Verot School Road. Large residential and commercial growth experienced by the unincorporated areas of the South Side of Lafayette over the past ten years is projected to continue growing in the future, making East Milton (Hwy 92) the location to be in close proximity to consumers. With major residential subdivisions being built, over 900 homes will be in the immediate radius of this site “ The Shops at Miramar ”, make this a prime location to be right in the heart of the residential growth and traffic flow from neighboring trade areas. The demand is here but the supply is not. It is projected that over 400 households will use Miramar Boulevard each day traveling to and from Broussard, Youngsville New Iberia and Lafayette. There are also over 500 other households located within a 1 mile radius of this location. The completion of multiple round-a-bouts along Hwy 92 has made this a popular and efficient route for commuters in the region and this is expected to grow for years to come. The proposed 1.72 acre development, will include an outparcel consisting of approximately 37,000 sq. ft. and a retail shopping center “The Shops at Miramar”, consisting of 12,500 sq. ft. of lease space. The outparcel will serve as an anchor to the retail shopping center with an end cap which will include a drive thru. Construction for “The Shops at Miramar” is expected to begin by January 01, 2013. 2010 Census shows booming Lafayette, Parish "Lafayette is becoming a powerhouse of technology and production, and it's a place where people want to be… Lafayette Parish grew 16.3 percent during the past decade, from 190,503 people to 221,578.” http://www.theadvertiser.com/apps/pbcs.dll/article?AID=2011102060362 Youngsville Prepares for Growth “With the rooftops we have, we are going to continue to bring in a tremendous amount of business to serve the people who live here…” http://www.theadvertiser.com/article/20101223/NEWS01/12230323/Youngsville+prepares+f or+growth No other community in Louisiana offers such a richly diverse environment and lifestyle. Lafayette Parish is a place where the tall cane continues to grow strong with each season right alongside a progressive Lafayette-like urban area. It's where family values are never compromised. All are welcome to share equally in an atmosphere of continued growth. Southwest Louisiana has long been recognized as one of the most fun, socially active and culturally enriched areas of America. No matter what your preferred ‘pace of play’, style, character, favorite food, art, music or dance might be – you’ll find it here. The schools your children will attend not only exceed standards curriculum wise, but they’re friendly, welcoming and promote the growth of mind, body and character. Whether you're single, single with kids, married, retired, prefer golf over tennis, fishing over golf or a quiet Sunday brunch over anything – this is the place for you. Surrounding areas  The City of Youngsville is building a Multi-million dollar 70-acre sports complex to begin construction in 2012  Youngsville Parkway Project (Phase 2 to be completed in 2013) easily allowing traffic to flow to Highway 90 Workforce Diversity Persons 25+ (Lafayette Parish)  21,423 Blue Collar Labor  65,076 White Collar  16,441 Service & Farm  75% have high school degree or better  49% have Bachelors Degree or better  55% are between the working ages of 24-64 The Shops at Miramar

2 Prepared by: Derek Development Corporation, LLC The fall of 2012 is when the City of Youngsville has plans to break ground on a new, multimillion, 70-acre Sports Complex and Activities Center complete with:  Baseball Fields  T-Ball Fields  Soccer Fields  Tennis Courts  Playground  Concession Stands  Community Center  1 Mile Walking Path In an age when people are more tax-resistant than ever, the citizens of Youngsville stepped forward in November 2011 to approve a one-cent sales tax dedicated for the purposes of constructing a place where sports tournaments can be held, kids can play and people of all ages can engage in activities together. The land itself will be donated by one of the most community-committed businesses in the city, Young’s Industries. The plans and design were approved by the Youngsville City Council in February, state grants have been applied for and a decision on those is expected in April. The City plans on forging ahead with the new sports complex regardless of the outcome of grant approval and the project is scheduled for completion in the spring of 2014.

3 Prepared by: Derek Development Corporation, LLC Site Summary The Shops at Miramar will be located on the South Side of Lafayette on Highway 92 near Verot School Road. Large residential and commercial growth experienced by the unincorporated areas of the South Side of Lafayette over the past ten years and projected to continue in the future, make Hwy 92 a promising location to be in close proximity to consumers. With major residential subdivisions being built neat to The Shops at Miramar, over 400 households will utilize the adjacent street through Miramar Subdivision each day, and over 500 other households are located within a 1 mile radius. The proposed 22,000 square foot development, Shops at Miramar, will be built in two phases. The first being a free standing out parcel consisting of approximately 37,634 square feet and will serve as an anchor to the shopping center. The shopping center will consist of approximately 12,500 square feet of lease space with an end cap having a drive through.

4 Prepared by: Derek Development Corporation, LLC

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6 http://lpa.lpclerk.com/lta/?zoomX=30583 13.64772379&zoomY=587274.56823187&zo omLevel=5


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