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



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