Numbers driving ‘The Street’

  • February 17, 2013

When Horizon Properties began developing plans for the mixed-use ‘The Street at The Meadows’ project last year, it looked at demographic and traffic studies related to the Racetrack Road corridor to support the concept, including the following data:

• The Meadows Racetrack & Casino attracts more than 3.65 million visitors annually, or more than 10,000 per day.

• The average number of daily car trips on Racetrack Road is 13,760.

• The current population within a 30-minute drive to the corridor is 672,000.

• Consumer spending within a 5-mile radius was more than $873 million in 2011.

• Nearby hotels are sustaining between 60 and 70 percent occupancy rates, with more than 730 rooms available.

• Tanger Outlets, located across Racetrack Road from the casino, offers more than 80 prime retailers.

Source: Horizon Properties Group and Cushman & Wakefield/Grant Street Associates Inc. Retail Services Group


blog comments powered by Disqus

Work begins on outdoor venue at The Meadows

Consumer confidence falls hard in November

Home prices jump in September by most in more than a year

U.S. economy grew at 2.1 percent rate in third quarter

Markets fade after an early gain, finish with small losses

Home sales slump in Oct. as higher prices weigh on buyers

Pfizer, Allergan $160B deal forms world’s largest drugmaker

North Franklin woman uses art to help nonprofits while dealing with cystic fibrosis

Small talk: Obstacles, prejudice being overcome by deaf business owners

U.S. home rental prices rise at slower pace in October