Loading...
HomeMy WebLinkAboutAttachment 7 - Urban Decay StudyWest Ming Specific Plan Response to Comments on the Draft Environmental Impact Report Michael Brandman Associates H:\Client (PN-JN)\0216\02160029\RTC\Attachments.doc Attachment 7: Urban Decay Study URBAN DECAY STUDY FOR WEST MING SPECIFIC PLAN November 15, 2006 Prepared for: Jones & Beardsley, P.C. Prepared by: THE NATELSON DALE GROUP, INC. 24835 E. La Palma Avenue, Suite I Yorba Linda, CA 92887 Telephone: (714) 692-9596 Fax: (714) 692-9597 Email: info@natelsondale.com TABLE OF CONTENTS SECTION PAGE I. INTRODUCTION..............................................................................................................................1 II. EXECUTIVE SUMMARY.................................................................................................................7 II-A. EXISTING CONDITIONS IN WEST MING TRADE AREA...................................................................7 II-B. IMPACT OF PROPOSED PROJECT.............................................................................................7 II-C. CUMULATIVE IMPACTS OF PROJECTS PLANNED IN THE RETAIL TRADE AREA................................8 II-D. SUMMARY OF CONSERVATIVE ASSUMPTIONS USED IN THIS ANALYSIS......................................12 III. RETAIL DEMAND ANALYSIS – WEST MING TRADE AREA....................................................13 III-A. MARKET AREA BOUNDARIES..................................................................................................13 III-B. HOUSEHOLD AND INCOME LEVELS.........................................................................................14 III-C. RETAIL SALES DEMAND.........................................................................................................14 III-D. DISTRIBUTION OF RESIDENT RETAIL EXPENDITURES...............................................................15 III-E. CAPTURE RATE ANALYSIS.....................................................................................................16 III-F. TOTAL POTENTIAL RETAIL SALES VOLUMES............................................................................16 III-G. SUPPORTABLE RETAIL SPACE...............................................................................................17 IV. RETAIL DEMAND ANALYSIS – WEST MING REGIONAL TRADE AREA................................21 IV-A. MARKET AREA BOUNDARIES..................................................................................................21 IV-B. HOUSEHOLD AND INCOME LEVELS.........................................................................................23 IV-C. RETAIL SALES DEMAND.........................................................................................................24 IV-D. DISTRIBUTION OF RESIDENT RETAIL EXPENDITURES...............................................................24 IV-E. CAPTURE RATE ANALYSIS.....................................................................................................25 IV-F. TOTAL POTENTIAL RETAIL SALES VOLUMES............................................................................28 IV-G. SUPPORTABLE RETAIL SPACE...............................................................................................29 APPENDIX A: RETAIL DEMAND MODEL – WEST MING TRADE AREA APPENDIX B: RETAIL DEMAND MODEL – WEST MING REGIONAL TRADE AREA APPENDIX C: RETAIL INVENTORY – WEST MING TRADE AREA APPENDIX D: SUPPLEMENTAL CUMULATIVE PROJECTS LIST THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 1 I. INTRODUCTION This study evaluates the potential for the retail components of the West Ming Specific Plan to cause “urban decay” in the retail trade area of the project site. Specifically, the study evaluates the extent to which the proposed project would have competitive impacts on existing retail facilities in the trade area (as defined below) and consequently have the potential to result in urban decay1. Based on information provided by the project applicant, the commercial portions of the project are assumed to include a total of approximately 525,890 square feet of retail space. The commercial-retail portion of the project would be developed in various phases starting in year 2010 through buildout in 2027. The proposed development schedule is shown below.2 Land Use District Total Commercial (4)/ Industrial Square Feet (1) Estimated Retail Portion (2) Assumed Retail Square Feet Start Date Buildout Year Town Center 331,200 90% 298,080 2010 2020 Special Use 1,135,000 10% 113,500 2022 2027 Commercial (3), (4) West Ming General Commercial area (WM-GC) 83,028 90% 74,725 2015 2020 West Ming Office Commercial area (WM-OC) 395,852 10% 39,585 2021 2027 Total 1,945,080 N/A 525,890 N/A N/A Source: Hogle-Ireland, Inc. Notes: (1) Per the Specific Plan. (2) As estimated by the project applicant. (3) The Specific Plan allows for 478,880 square feet of commercial space in the Commercial (office, service and retail) land use category. Based on estimates provided by the project applicant, we have assumed that 83,028 square feet of this total will be developed in the West Ming General Commercial Land Use area (WM-GC) and 395,852 square feet will the developed in the West Ming Office Commercial Land Use area (WM-OC). (4) For purposes of this schedule, the term “commercial” includes potential development in both retail and commercial office categories. Assuming the retail space in each land use category is built out in equal increments between the indicated start and buildout dates, the cumulative amount of retail space that would be built in five-year increments is shown below: Year 2010 2015 2020 2025 2027 Total Square Feet 27,098 175,043372,805476,747525,890 Source: Hogle-Ireland, Inc.; The Natelson Dale Group, Inc. (TNDG) 1 Urban decay, for purposes of this study, means physical effects including, but not limited to, facilities that are poorly maintained and in disrepair, deterioration of buildings and improvements, visual and aesthetic impacts related to physical deterioration, increased instances of property crimes including graffiti, and increased demand for police and emergency response services, which result from individual or cumulative increases in retail closures and consequent long-term vacancies. 2 At this time, information regarding potential types of retail tenants is unavailable. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 2 The urban decay analysis addresses two key issues: 1. The extent to which there would be sufficient demand to support new retail space without negatively impacting the long-term market shares of existing retailers in the trade area; and 2. The cumulative impacts related to all major retail projects planned for development in the trade area. Overview of Methodology The analysis forecasts the total retail “purchasing power” for residents within the trade area, and uses this projection of total demand as the basis for determining the extent to which the proposed project could be supported in the market area without negatively impacting existing businesses. The analysis includes the following major steps: 1. ESTIMATE THE CURRENT POTENTIAL DEMAND FOR RETAIL SALES IN THE TRADE AREA, based on existing demographics; 2. ESTIMATE THE PORTION OF TOTAL TRADE AREA DEMAND THAT COULD REALISTICALLY BE “CAPTURED” BY RETAIL FACILITIES IN THE PRIMARY MARKET AREA, based on an evaluation of the amounts and locations of competitive retail facilities outside of the primary market area; 3. FORECAST FUTURE (22-YEAR) GROWTH IN THE AMOUNT OF SUPPORTABLE SALES, based on projected increases in the trade area’s resident population; 4. TRANSLATE POTENTIAL RETAIL SALES INTO SUPPORTABLE SQUARE FEET OF RETAIL SPACE, based on standard sales per square foot factors by individual retail category; and 5. COMPARE THIS “POTENTIAL” DEMAND FOR RETAIL SPACE TO THE ACTUAL AMOUNT OF RETAIL SPACE IN THE PRIMARY MARKET AREA, based on estimates from a field survey completed by the consultant. Description of the Trade Areas Evaluated in this Study This report essentially provides two separate but closely-related analyses: one which evaluates the potential impacts of the proposed project itself and one which evaluates the potential cumulative impacts related to all major retail projects planned in west Bakersfield. For the reasons described below, the study considers different trade areas for the two different analyses. Trade Area for West Ming Project. The retail components of the West Ming project will be neighborhood- and community-scale shopping facilities. According to the International Council of Shopping Centers (ICSC), the trade area for community-scale retail facilities3 is typically defined by a 3- to 6-mile radius. For purposes of this analysis, we have defined the project’s retail trade area by a 5-mile radius centered around the proposed project site. Our choice of a 5-mile radius (rather than a smaller 3-mile radius) reflects existing retail development concentrations in the vicinity of the West Ming project – i.e., there is currently very little retail development within a 3-mile radius but significant retail development within a 5-mile radius. 3 Defined by the ICSC to be between 100,000 and 350,000 square feet. ICSC Shopping Center Definitions. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 3 Thus, the 5-mile radius effectively encompasses all existing retail development that would potentially be competitively impacted by the proposed project. Trade Area for Cumulative Impacts Analysis. As described in Section II-C of this report, a number of the cumulative projects considered in this analysis are regional-scale shopping facilities. As such, they will individually and collectively draw market support from a significantly larger geographic area than the smaller-scale retail facilities planned within the West Ming Specific Plan. It is therefore appropriate to consider a larger trade area for the cumulative impacts analysis than for the project-specific analysis. For purposes of evaluating cumulative impacts, a Regional Trade Area has been defined based on Regional Statistical Areas (RSAs) defined by the Kern Council of Governments (“COG”). This trade area is broken down into the following four sub-areas. 1. Primary Market Area (PMA): A five-mile radius centered around the West Ming project site (i.e., the same trade area considered for the project-specific analysis). The PMA is the primary focus of this analysis – i.e., where the analysis evaluates the potential for urban decay. 2. Secondary Market Area (SMA): This market area includes the Metro North of the River (N.O.R.) and Metro Southwest (SW) RSAs combined. In order to avoid double counting, the PMA’s population is “netted out” of the SMA. In addition, the SMA has been truncated to exclude any of the census tracts in the Metro N.O.R. RSA that are east of Highway 99 (see Section IV-A on Page 21 for further explanation). 3. Regional Market Area – Northwest (RMA-NW): This includes the Greater Shafter RSA, which represents the northern and northwestern portion of the trade area. It includes the communities of Buttonwillow and Shafter. 4. Regional Market Area – West (RMA-W): This market area includes the Greater Taft/Maricopa RSA, which represents the westernmost portion of the trade area. It includes the communities of Taft, Ford City and Maricopa. Figure I-1 on the following page shows the trade area boundaries for the project-specific analysis (i.e., West Ming as a stand-along project) while the larger trade area for the cumulative impacts analysis is shown on Figure I-2 on Page 5. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 4 Figure I-1: Trade Area for Project-Specific Analysis THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 5 Figure I-2: Regional Trade Area for Cumulative Impacts Analysis = PMA = SMA = SMA = RMA-NW = RMA-NW THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 6 What this Study Provides Since this study is being completed as part of the Environmental Impact Report (EIR) process for the proposed project, pursuant to Section 15131 of the CEQA Guidelines, it focuses on the question of whether economic changes resulting from the project would cuase, directly or indirectly, significant changes in the environment. For purposes of this analysis prepared for this project, The Natelson Dale Group, Inc. (TNDG) has established the following criteria to determine if the project’s market impacts would create a significant physical change in a market area: • A diversion of sales from existing retail facilities severe enough to result in business closings and subsequent long-term vacancies; and/or • Business closures significant enough in scale (e.g., in terms of the total square footage affected and/or the loss of key “anchor” tenants) to affect the viability of existing shopping centers or districts, resulting in subsequent long term vacancies. Within the above context, the analysis includes a description of the “baseline” condition of existing retail facilities located in the cities of the trade area. In particular, TNDG completed a detailed inventory of existing retail stores and vacancies in the PMA. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 7 II. EXECUTIVE SUMMARY As part of this analysis, TNDG completed an inventory and “windshield” survey of all retail businesses in the West Ming Trade Area (i.e., the 5-mile radius examined for the project- specific analysis, which is also the Primary Market Area for the cumulative impacts analysis). The main purpose of this survey was to provide a quantitative and qualitative measure of the overall “health” of the retail climate in the West Ming Trade Area. A summary of these findings is provided in Appendix C. II-A. EXISTING CONDITIONS IN WEST MING TRADE AREA Based on this field survey, there do not appear to be indications of economic or physical decline in the West Ming Trade Area. TNDG estimates that retail space in the West Ming Trade Area, as of September 2006, totals approximately 2.18 million square feet, which is more than 98% occupied. The estimated vacancy rate is 1.5%; vacancy rates in relatively healthy retail markets typically range from 5% to 10%. II-B. IMPACT OF PROPOSED PROJECT It is TNDG’s conclusion that the project will not have significant impacts on existing or reasonably foreseeable future retailers. The analysis supporting this conclusion is summarized below. Project Description. The proposed project would include approximately 525,890 square feet of retail space. Based on the most recent development plans from the applicant, the proposed project’s retail space would likely start development in year 2010 with buildout projected in 2027. At this time, no information is available regarding the potential types of tenants that would ultimately locate at the project. Comparison of Existing Supply and Demand of Retail Space. TNDG’s demand analysis indicates existing (year 2006) potential market support for $718.8 million in total retail sales in the West Ming Trade Area, which translates into approximately 2.5 million square feet of supportable retail space. Based on estimates from the field survey completed by TNDG, there is approximately 2.1 million square feet of retail space in the West Ming Trade Area. Thus, TNDG estimates that the West Ming Trade Area could currently support approximately 400,000 square feet of additional retail space over and above the existing inventory. Projected Growth in Demand. Within the West Ming Trade Area, potential demand for new retail space is projected to grow to approximately 1.59 million square feet by 2020, and to approximately 2.27 million square feet by 2028 (one year after project buildout). See Table II-1, on the following page, for a breakdown of new supportable square feet of space by retail category from 2006 to 2028. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 8 Table II-1: Potential Demand for NEW Retail Space by Retail Category West Ming Trade Area Year Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel 0 15,841 32,870 61,716 88,734 98,168 General Merchandise 16,330 59,231 105,351 183,478 256,650 282,200 Furniture/Appliances 50,919 62,799 75,571 97,206 117,469 124,544 Specialty 61,245 104,807 151,637 230,965 305,263 331,206 Subtotal 128,494 242,678 365,428 573,365 768,115 836,118 Convenience Goods: Food / Liquor 56,788 117,063 181,861 291,627 394,432 430,330 Eating and Drinking 0 35,641 73,956 138,861 199,651 220,877 Subtotal 56,788 152,704 255,817 430,488 594,083 651,207 Heavy Commercial Goods: Building Materials/Hardware 151,562 198,152 248,237 333,081 412,544 440,291 Service Stations N/AN/AN/AN/AN/A N/A Subtotal 151,562 198,152 248,237 333,081 412,544 440,291 Services Space 0 25,669 53,264 100,009 143,790 159,077 Allowance for standard vacancy 92,928 107,789 123,765 150,828 176,175 185,026 Total 429,772 726,992 1,046,512 1,587,771 2,094,706 2,271,718 Source: The Natelson Dale Group, Inc. (TNDG). See Appendix A for detailed calculations. Conclusion. The proposed project would result in a net increase of 525,890 square feet of retail space. Residual market support for retail space in the West Ming Trade Area in 2020 (the buildout year for the first phase of the project’s retail components) is projected to be 1.59 million square feet. Thus, all of the proposed project’s retail space (525,890 square feet) would actually be supportable by 2020, even though retail buildout of the project is not expected to happen until 2027. By 2028 (one year after project buildout), residual market support for retail space is projected to reach approximately 2.27 million square feet, indicating that the proposed project would absorb less than 25% of the demand for new retail space over this time period. Based on these findings, TNDG believes that it is unlikely that the retail components of the project would result in economic impacts to existing stores in the trade area, and that it is therefore unlikely that any existing retail stores will be forced to close due to the project. II-C. CUMULATIVE IMPACTS OF PROJECTS PLANNED IN THE RETAIL TRADE AREA Whereas the above section examines potential impacts strictly related to the proposed project, this section evaluates the cumulative impacts to the market based on all known, pending and reasonably foreseeable future retail development projects (including the proposed project evaluated in this analysis) in the larger Regional Trade Area. Table II-2 shows the total square feet of planned retail projects that could be developed over the next twenty years. As shown on the table, the square footages of planned shopping centers outside the PMA are also taken into account. The square footages of these external projects have been discounted by a percentage factor in order to account for the fact that the PMA will only capture a share of retail demand from these areas. This analysis uses these same percentage shares to “discount” the planned retail space for areas outside of the PMA. (See Sections IV-A and IV-E for a detailed discussion THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 9 of the trade area boundaries and the projected “capture rates” of resident retail demand from areas outside of the PMA). Table II-2: Planned and Pending Retail Projects West Ming Retail Trade Area Planned/ Major Square Adjustment AdjustedOpening Pending Projects Location Tenants Feet (SF)Factor (1) SF Date Primary Market Area Brimhall Square 9500 Brimhall Rd N/A 80,998100% 80,9982006 Shopping Center 3015 Calloway Dr N/A 50,800100% 50,8002006-12 Shops at Riverwalk 10300-11150 Stockdale Hwy N/A 335,000100% 335,0002006-12 River Oaks Plaza SWC of Stockdale Hwy / Buena Vista Rd N/A 130,000100% 130,0002006-12 Gosford Village 4949-5677 Gosford Wal-Mart 699,996100% 699,9962006-12 Panama / Gosford NWC of Panama Ln / Gosford Rd N/A 700,000100% 700,0002012-20 Stockdale Ranch West Bakersfield N/A 323,433100% 323,4332020 West Ming Southwest Bakersfield N/A 372,805100% 372,8052020 West Ming Southwest Bakersfield N/A 153,085100% 153,0852027 Secondary Market Area – Metro SW Warehouse Club 4900 Panama Ln Costco 151,00035% 52,8502006 Palms SEC of Panama Ln. / Stine RdN/A 46,35135% 16,2232006 Major Retail Center 6200-6400 Colony Wal-Mart 440,00035% 154,0002006-12 Secondary Market Area – Metro N.O.R. Winco Foods Center 4200 Coffee Rd Winco 140,00035% 49,0002005 Retail Store 5500 Landco Dr Sam's Club 153,27135% 53,6452006-12 TOTAL – 2012 2,227,416N/A 1,622,512N/A TOTAL – 2020 3,623,654N/A 3,018,750N/A TOTAL – 2027 3,776,739N/A 3,171,835N/A Source: City of Bakersfield Planning Department; Kern County Planning Department; Hogle Ireland; TNDG. Notes: (1) Adjustment factors are used to account for the fact that the PMA will only capture a share of retail demand from areas outside of the PMA. The adjustment factors, used to discount the planned square feet of retail space outside of the PMA, are equal to the estimated percentage capture rates of resident retail demand in these areas. See Section IV-E for further detail. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 10 As shown in Table II-2, by 2028, approximately 2.8 million square feet of retail space is planned to be built in the PMA. An additional 930,622 square feet of new retail space is planned in the Secondary Market Area (SMA). Since the new space in the SMA would largely be supported by residents living outside the PMA, the SMA retail projects would have a less-than-direct competitive impact on the PMA. This analysis “discounts” the SMA projects based on a factor of 35% (see discussion above in Section II-C on Page 8 on how this factor was derived). In other words, the 930,622 square feet of new space in the SMA would have the equivalent impact of 325,718 square feet of space built in the PMA itself. Thus, the total effective amount of planned projects affecting the PMA is approximately 3.17 million square feet, taking into account the 2.8 million square feet of projects in the PMA itself and the 325,718 square feet of “equivalent” projects in the SMA. As shown in Table II-3, on the following page, demand for new retail space in 2028 is projected to reach 3.44 million square feet4. Thus, even after development of the listed planned and pending projects, there would still be residual market support for an additional 273,000 square feet of retail space in the PMA. These projections indicate that the planned and pending projects do not have the potential to represent a significant cumulative impact to existing retail businesses. It should be noted, however, that if all of the planned/pending retail space were developed according to current development plans, the market would be slightly overbuilt in 2020. Based on existing development plans, as shown in Table II-2, there could potentially be 3.0 million “adjusted” square feet of retail space built in the PMA and SMA by 2020. As shown in Table II-3, demand for new retail space is projected to reach approximately 2.6 million square feet. Any potential impacts, however, to existing retailers would only be temporary in nature, given the continued growth in the market and thus would not be cumulatively significant. In just four years, by 2024, demand for new retail space is projected to reach approximately 3.0 million square feet, which would be enough to fully support the potential “adjusted” retail space planned in the PMA and SMA. Further, a more likely cumulative scenario is that infrastructure constraints and retail market conditions would result in a more gradual buildout of planned retail development, such that the pace of retail development would more closely follow the growth in retail demand. Under this scenario, there is less potential for overbuilt conditions to occur, and consequently a reduced potential for building vacancies and urban decay to follow. As shown in Appendix D, there are other lands, which because of their zoning potentially could be developed for retail uses in the PMA and SMA over the next twenty years. We have not assumed the retail development of these lands in the cumulative analysis, however, because to do so would be highly speculative at this point in time. For example, some of these projects have just recently had specific zoning approved for retail uses, but do not have project site plans or other entitlements required for retail development. Thus, while we do not ignore these projects, attempting to predict whether actual retail projects will ultimately be proposed and developed, estimating the square feet of retail development that might ultimately be developed and/or the timing of the potential development, would be speculative at best. As such, it is currently not possible to identify which retail categories could possibly become overbuilt, or to identify existing businesses in those categories which might be forced to close if the potential retail components of these projects are ultimately developed. Therefore, any attempt to identify 4 The demand for new retail space in Table II-3 is based on the Regional Trade Area, as shown on Figure I-2 and discussed on page 2, which was defined for purposes of evaluating the cumulative impacts of known pending and reasonably foreseeable future retail development projects. It differs from the demand estimates in Table II-1, which are based on the West Ming Trade Area boundaries for purposes of evaluating market support solely for the proposed project. The reason for the difference is that a number of the projects on the cumulative list are regional in scale and thus would draw market support from a larger trade area than the smaller-scale retail facilities proposed within the West Ming project. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 11 specific vacancies which might possibly result, or to determine the potential for physical deterioration or urban decay, would be speculative in this context. For purposes of evaluating CEQA impacts, it is not required or valid to engage in speculative analysis. Rather, we assume that these potential, but yet unplanned, retail sites would be developed only if and when future demand dictates, which assumption is consistent with existing industry customs and practice. Summarizing the above, it is TNDG’s overall conclusion that there would be no significant cumulative impacts to existing or reasonably foreseeable retail facilities in the trade area. Table II-3: Potential Demand for NEW Retail Space by Category Within PMA, Reflecting Capture of Regional Demand Year Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel 31,832 50,281 83,860 122,978 161,031 174,180 General Merchandise 161,074 211,041 301,984 407,929 510,990 546,601 Furniture/Appliances 91,002 104,839 130,023 159,362 187,902 197,763 Specialty 208,217 258,953 351,295 458,870 563,516 599,675 Subtotal 492,125 625,114 867,162 1,149,139 1,423,439 1,518,219 Convenience Goods: Food / Liquor 152,820 217,783 330,860 461,816 587,360 630,876 Eating and Drinking 13,766 52,342 120,885 199,056 274,082 300,078 Subtotal 166,587 270,126 451,745 660,872 861,441 930,954 Heavy Commercial Goods: Building Materials/Hardware 176,239 224,260 305,140 397,862 485,812 516,355 Service Stations N/AN/AN/AN/A N/A N/A Subtotal 176,239 224,260 305,140 397,862 485,812 516,355 Services Space 17,007 45,462 95,916 154,299 210,581 230,064 Allowance for standard vacancy 125,701 142,175 171,386 205,186 237,770 249,050 Total 977,6581,307,1361,891,3492,567,358 3,219,044 3,444,642 Source: The Natelson Dale Group, Inc. (TNDG). See Appendix B for detailed calculations. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 12 II-D. SUMMARY OF CONSERVATIVE ASSUMPTIONS USED IN THIS ANALYSIS The final estimates of potential demand for new retail space, as shown in Table II-1 and II-2, are based partly on two assumptions that TNDG believes are relatively conservative. These are summarized below. We have used these analytically conservative assumptions in order to err on the side of overestimating rather than underestimating potential impacts of the proposed project. In actuality, the levels of available market demand to support new retail facilities in the West Ming Trade Area may be higher than indicated in this report. 1. Unadjusted Household Income Estimates. TNDG’s assumptions regarding resident household income levels are conservative in two respects. First, we have assumed that household income levels will remain constant in real dollar terms. That is, we have assumed that household income levels will just keep pace with the changes in the overall price level (inflation). Second, according to the Center for the Continuing Study of the California Economy, the Census (and derivative data sources such as the Claritas reports used for this analysis) underreports income by an average of 13%. However, we have not attempted to account for this underreporting by adjusting the average household income figures. Based on these two sets of assumptions, this study provides a relatively conservative estimate of Household income levels, which in turn provides a relatively conservative estimate of trade area’s retail expenditure potentials. 2. Visitor and Business Spending. TNDG’s estimates of potential support for new retail space are based solely on resident/household demand; the demand estimates do not include visitors and businesses as potential sources of market support. To account for potential visitor and business spending, retail market analyses often apply a factor (e.g., 5% to 10%) to the total income of trade area residents in order to account for these sources of market support. Undoubtedly, the significant volume of travelers passing through Bakersfield represents another segment of market support for trade area retailers. By not including potential visitors and businesses segments in the retail market demand estimates, we have potentially underestimated the level of market support for the proposed project (and the cumulative projects) by 5-10%. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 13 III. RETAIL DEMAND ANALYSIS – WEST MING TRADE AREA This section examines potential retail demand associated with the population residing in the market area that would be served by the proposed project. The analysis projects future retail demand of residents in the market area that would shop at the proposed retail facilities. III-A. MARKET AREA BOUNDARIES For purposes of the project-specific analysis, the trade area boundaries have been defined by a 5-mile radius centered around the proposed project site. According to the International Council of Shopping Centers (ICSC), this area corresponds to the anticipated trade area for community- scale retail facilities5 likely to be developed at the proposed project site. This Trade Area is referred to herein as the “West Ming Trade Area” (WMTA). The market area boundaries are shown on Figure III-1 below. Figure III-1: West Ming Trade Area 5 Defined by the ICSC to be between 100,000 and 350,000 square feet. ICSC Shopping Center Definitions. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 14 III-B. HOUSEHOLD AND INCOME LEVELS The number of households in the WMTA is projected as follows: Table III-1: Household Projections by Year West Ming Trade Area Market Area Projected 2006 Households Projected 2010 Households Projected 2014 Households Projected 2020 Households Projected 2026 Households Projected 2028 Households 5-mile radius 31,649 35,40339,43846,27552,677 54,913 Total 31,649 35,40339,43846,27552,677 54,913 Source: Claritas; Kern Council of Governments (COG); TNDG The above projections assume an average annual growth rate of 2.5% between 2006 and 2028. The projections for 2006 to 2010 are from Claritas, a national demographic research services firm. Projections for the 2010 to 2028 time period are based on household projections provided by Kern COG.6 Average household income levels in the WMTA are estimated as follows: Table III-2: Average Household Income West Ming Trade Area Market Area 2006 HH Income 5-mile radius $82,301 Source: Claritas, TNDG The indicated estimates of household income were obtained from Claritas. The analysis conservatively assumes that the average household income levels in the trade area will remain constant in real dollar terms. Also, according to the Center for the Continuing Study of the California Economy, the Census (and derivative data sources such as Claritas) underreports money income by an average of 13%. However, in keeping with the analytically conservative nature of this study, we have not attempted to account for this underreporting by adjusting the average household income figures. III-C. RETAIL SALES DEMAND Household and income characteristics are the primary determinants of potential dollars available for purchases of goods and services in a market area. The analysis assumes that trade area residents will, on average, spend 37.7% of their income on retail purchases. 7 These factors are based on data from the National Consumer Expenditure Survey (CES) for households with comparable income levels to those in the WMTA. 6 The growth projections for the WMTA for 2011 to 2028 are based on Kern COG projections for the census tracts that are contained within the 5-mile radius that makes up the WMTA. 7 This percentage factor is derived from data provided by the National Consumer Expenditure Survey (CES), Bureau of Labor Statistics (BLS), and reflects the fact that the portion of income spent on retail goods varies based on household income levels in a market area. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 15 Table III-3: Income and Retail Demand West Ming Trade Area In thousands of constant dollars Market Area 2006 2010 2014 2020 2026 2028 5-mile radius $2,604,744 $2,913,695 $3,245,826 $3,808,446 $4,335,389 $4,519,387 Total Income $2,604,744 $2,913,695 $3,245,826 $3,808,446 $4,335,389 $4,519,387 5-mile radius $981,989 $1,098,463 $1,223,676 $1,435,784 $1,634,442 $1,703,809 Total Retail Demand $981,989 $1,098,463 $1,223,676 $1,435,784 $1,634,442 $1,703,809 Source: TNDG III-D. DISTRIBUTION OF RESIDENT RETAIL EXPENDITURES Projected retail demand from market area residents is disaggregated into various retail categories based upon historic retail expenditure patterns observed in Kern County. The basic distribution of retail sales by retail category is projected as follows in Table III-4: Table III-4: Distribution of Retail Sales by Category West Ming Trade Area Retail Category Distribution Shopper Goods: Apparel 4.0% General Merchandise 13.0% Furniture/Appliances 3.0% Specialty 11.0% Subtotal 31.0% Convenience Goods: Food / Liquor 23.0% Eating and Drinking 9.0% Subtotal 32.0% Heavy Commercial Goods: Building Materials/Hardware 10.0% Auto Dealers 17.0% Service Stations 10.0% Subtotal 37.0% Total 100.0% Source: State Board of Equalization; TNDG THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 16 III-E. CAPTURE RATE ANALYSIS Capture rates of the Trade Area demand are projected to be relatively high due to the tendency of residents to shop within close proximity to their homes, especially for convenience goods. Generally, it is reasonable to expect that residents will tend to make the vast majority of their retail purchases locally, provided that a competitive mix of retail stores reflective of consumer needs is available. Therefore, besides the grocery and building materials/hardware categories, capture rates are projected at 85%, acknowledging that some amount of Trade Area residents’ retail expenditures will always “leak” outside of the 5-mile radius defined as the WMTA. Table III-5: Capture Rates of Trade Area Demand West Ming Trade Area Retail Category Capture Rate Shopper Goods: Apparel 85.00% General Merchandise 85.00% Furniture/Appliances 85.00% Specialty 85.00% Convenience Goods: Food / Liquor 90.00% Eating and Drinking 85.00% Heavy Commercial Goods: Building Materials/Hardware 100.00% Service Stations 85.00% Total 100.0% Source: State Board of Equalization; TNDG III-F. TOTAL POTENTIAL RETAIL SALES VOLUMES Based on the projected capture rates in the WMTA, Table III-6, on the following page, projects the potential market area demand in the Trade Area for each retail category. The table excludes “heavy commercial” categories (e.g. automobile dealers) that are typically not found in shopping center settings. As shown in Table III-6, incremental demand from 2006 to 2028 for retail sales in the WMTA is projected to grow in proportion to increases in the number of households. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 17 Table III-6: Potential Capture of Sales from West Ming Trade Area In thousands of 2006 dollars Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel $33,388 $37,348 $41,605 $48,817 $55,571 $57,930 General Merchandise $108,510 $121,380 $135,216 $158,654 $180,606 $188,271 Furniture/Appliances $25,041 $28,011 $31,204 $36,613 $41,678 $43,447 Specialty $91,816 $102,706 $114,414 $134,246 $152,820 $159,306 Subtotal $258,754 $289,445 $322,439 $378,329 $430,675 $448,954 Convenience Goods: Food / Liquor $203,272 $227,382 $253,301 $297,207 $338,329 $352,688 Eating and Drinking $75,122 $84,032 $93,611 $109,838 $125,035 $130,341 Subtotal $278,394 $311,414 $346,912 $407,045 $463,364 $483,030 Heavy Commercial Goods: Building Materials/Hardware $98,199 $109,846 $122,368 $143,578 $163,444 $170,381 Service Stations $83,469 $93,369 $104,012 $122,042 $138,928 $144,824 Subtotal $181,668 $203,216 $226,380 $265,620 $302,372 $315,205 Total $718,816 $804,075 $895,731 $1,050,994 $1,196,411 $1,247,188 Source: TNDG III-G. SUPPORTABLE RETAIL SPACE Sales Per Square Foot Standards Projected sales volume requirements per square foot of retail space by retail category are derived from typical sales standards from the Urban Land Institute’s Dollars & Cents Publication and from typical sales per square foot data from representative stores in each retail category. Table III-7: Sales per Square Foot Standards for Retail Space West Ming Trade Area Retail Category Sales / Square Foot Apparel $250 General Merchandise $300 Specialty $250 Furniture/Appliances $250 Food / Liquor $400 Eating / Drinking Establishments $250 Building Materials / Hardware $250 Source: TNDG; Urban Land Institute (ULI) THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 18 Demand for Retail Space The sales per square foot standards are applied to the gross retail demand numbers (in Table III-6) for each relevant retail category. This calculation converts potential sales volumes to supportable square feet of retail space, which is shown in Table III-8 below. Supportable development levels will increase in the future by virtue of anticipated growth in the number of households in the WMTA. The supportable square footages for retail stores have been increased by 10 percent to account for personal and business services space appropriate for shopping center settings.8 The projections are also translated from net occupied space to gross demand for new retail buildings, based on an assumed vacancy factor of 5%. This reflects a typical stabilized vacancy rate in a “healthy” retail market. Table III-8: Potential Demand for Retail Space West Ming Trade Area Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel 133,550 149,391 166,420 195,267 222,284 231,718 General Merchandise 361,699 404,601 450,721 528,847 602,019 627,570 Furniture/Appliances 100,163 112,043 124,815 146,450 166,713 173,789 Specialty 367,264 410,825 457,655 536,983 611,281 637,225 Subtotal 962,676 1,076,860 1,199,611 1,407,547 1,602,298 1,670,301 Convenience Goods: Food / Liquor 508,179 568,455 633,252 743,018 845,824 881,721 Eating and Drinking 300,489 336,130 374,445 439,350 500,139 521,366 Subtotal 808,668 904,584 1,007,697 1,182,368 1,345,963 1,403,087 Heavy Commercial Goods: Building Materials/Hardware 392,795 439,385 489,471 574,314 653,777 681,524 Service Stations N/AN/AN/AN/A N/A N/A Subtotal 392,795 439,385 489,471 574,314 653,777 681,524 Services Space @ 10% of Retail 216,414 242,083 269,678 316,423 360,204 375,491 Allowance for standard vacancy @ 5% 125,292 140,153 156,129 183,192 208,539 217,390 Total 2,505,845 2,803,066 3,122,586 3,663,844 4,170,780 4,347,792 Source: TNDG Existing Square Feet of Retail Space Provided below in Table III-9 is an estimate of the amount of existing square feet of retail space, broken down by retail category, in the WMTA.9 As shown in the Table, there is approximately 2.18 million square feet of existing retail space (including service-related and vacant space). 8 This factor is based on data from the ULI’s Dollar & Cents of Shopping Centers: 2004 publication and a review of a proprietary database of shopping center information in a major metropolitan area. Depending on the shopping center format, the percent of total services space usually ranges from 5% to 30%. For community-scale shopping facilities, services space typically accounts for 15% of total shopping center space. However, in retaining the analytically conservative nature of this study, we have utilized a factor of 10% to account for services space. 9 These estimates are from a field survey completed by TNDG in September 2006. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 19 Table III-9: Estimate of Existing Square Feet of Retail Development West Ming Trade Area Retail Category 2006 Shopper Goods: Apparel 183,018 General Merchandise 345,370 Furniture/Appliances 49,244 Specialty 306,018 Subtotal 883,650 Convenience Goods: Food / Liquor 451,392 Eating and Drinking 346,847 Subtotal 798,239 Heavy Commercial Goods: Building Materials/Hardware 241,233 Service Stations N/A Subtotal 241,233 Services Space 256,015 Vacant Space 32,364 Total 2,183,646 Source: TNDG Demand for New Retail Space By subtracting the existing amount of retail space (see Table III-9) from the potential supportable amount (see Table III-8), Table III-10, on the following page, provides the amount of new retail space that could be supported in the PMA. Currently (as of 2006) the PMA could support more than 400,000 square feet of additional retail space. Due to continued growth in the number of households, the PMA would be able to support an additional 2.27 million square feet of retail space, over and above existing levels, by 2028. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 20 Table III-10: Cumulative Supportable NEW Square Feet of Retail Space West Ming Trade Area Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel 0 15,841 32,870 61,716 88,734 98,168 General Merchandise 16,330 59,231 105,351 183,478 256,650 282,200 Furniture/Appliances 50,919 62,799 75,571 97,206 117,469 124,544 Specialty 61,245 104,807 151,637 230,965 305,263 331,206 Subtotal 128,494 242,678 365,428 573,365 768,115 836,118 Convenience Goods: Food / Liquor 56,788 117,063 181,861 291,627 394,432 430,330 Eating and Drinking 0 35,641 73,956 138,861 199,651 220,877 Subtotal 56,788 152,704 255,817 430,488 594,083 651,207 Heavy Commercial Goods: Building Materials/Hardware 151,562 198,152 248,237 333,081 412,544 440,291 Service Stations N/AN/AN/AN/A N/A N/A Subtotal 151,562 198,152 248,237 333,081 412,544 440,291 Services Space 0 25,669 53,264 100,009 143,790 159,077 Allowance for standard vacancy 92,928 107,789 123,765 150,828 176,175 185,026 Total 429,772 726,992 1,046,512 1,587,771 2,094,706 2,271,718 Source: TNDG THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 21 IV. RETAIL DEMAND ANALYSIS – REGIONAL TRADE AREA This section examines potential retail demand associated with the population residing in the market areas that would be served by the cumulative projects (including the proposed project evaluated directly in this study) proposed for development in the Regional Trade Area. The analysis projects future retail demand of residents in the surrounding area that would shop at the proposed retail facilities. IV-A. MARKET AREA BOUNDARIES For purposes of this study, the Regional Trade Area boundaries have been defined based on Regional Statistical Areas (RSAs) defined by the Kern Council of Governments (“COG”). The trade area is broken down into the following four sub-areas. 1. Primary Market Area (PMA): A five-mile radius centered around the proposed project site. The PMA is the primary focus of this analysis – i.e., where the analysis evaluates the potential for urban decay based on the proposed project. 2. Secondary Market Area (SMA): This market area includes the Metro North of the River (N.O.R.) and Metro Southwest (SW) RSAs combined. In order to avoid double counting, the PMA’s population is “netted out” of the SMA. In addition, to SMA has been truncated to exclude any of the census tracts in the Metro N.O.R. RSA that are east of Highway 99. Households from these census tracts have been excluded primarily for two reasons: 1) Highway 99 represents a “psychological” traffic barrier and 2) the number of existing and planned shopping centers immediately adjacent on the west and east of Highway 99. For these reasons, it is unlikely that shopping centers in the PMA would attract many shoppers residing in areas east of Highway 99. 3. Regional Market Area – Northwest (RMA-NW): This includes the Greater Shafter RSA, which represents the northern and northwestern portion of the trade area. It includes the communities of Buttonwillow and Shafter. 4. Regional Market Area – West (RMA-W): This market area includes the Greater Taft/Maricopa RSA, which represents the westernmost portion of the trade area. It includes the communities of Taft, Ford City and Maricopa. This overall area corresponds to the anticipated trade area for regional-scale retail facilities proposed for development in the PMA (see Table II-2 for a cumulative list of planned/pending retail projects). Although portions of the Greater Shafter and Greater Taft/Maricopa market areas are significant distances from the PMA, the PMA represents the nearest major retailing center for residents in these two market areas. Thus, it is reasonable to expect that residents in the RMA-NW and RMA-W would travel to shopping centers in the PMA for some of their shopping needs. The overall trade area is referred to herein as the “West Ming Regional Trade Area” (WMRTA). The market area boundaries are shown on Figure IV-1 on the following page. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 22 Figure IV-1: West Ming Regional Trade Area = RMA-W = SMA = RMA-NW = PMA THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 23 IV-B. HOUSEHOLD AND INCOME LEVELS The number of households in the WMRTA is projected as follows: Table IV-1: Household Projections by Year West Ming Regional Trade Area Market Area Projected 2006 Households Projected 2010 Households Projected 2014 Households Projected 2020 Households Projected 2026 Households Projected 2028 Households PMA 31,649 35,40339,43846,27552,677 54,913 SMA 40,352 42,10448,19759,84570,337 73,738 RMA-NW 5,458 8,061 9,161 10,919 12,650 12,860 RMA-W 6,455 6,499 6,684 7,029 7,523 7,736 Total 83,914 92,067 101,332 116,909 132,654 137,750 Source: Claritas; Kern Council of Governments (COG); TNDG The above projections assume the following average annual growth rates between 2006 and 2028: PMA - 2.5% SMA - 2.0% RMA-NW - 4.0% RMA-W - 0.8% The projections of households in the trade area’s PMA are from Claritas10, a national demographic research services firm. Projections for the remaining market areas are from Kern COG. Average household income levels in the WMRTA are estimate as follows: Table IV-2: Average Household Income West Ming Regional Trade Area Market Area 2006 HH Income PMA $82,301 SMA $64,607 RMA-NW $42,728 RMA-W $44,840 Source: Claritas, TNDG The indicated estimates of household income were obtained from Claritas. The analysis conservatively assumes that the average household income levels in the trade area will remain 10 The Claritas numbers provide projections out to 2011. The growth estimates for the PMA from 2011 to 2028 are based on the Kern County COG projections for the census tracts that are contained within the 5-mile radius that makes up the PMA. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 24 constant in real dollar terms. Also, according to the Center for the Continuing Study of the California Economy, the Census (and derivative data sources such as Claritas) underreports money income by an average of 13%. However, in keeping with the analytically conservative nature of this study, we have not attempted to account for this underreporting by adjusting the average household income figures. IV-C. RETAIL SALES DEMAND Household and income characteristics are the primary determinants of potential dollars available for purchases of goods and services in a market area. The analysis assumes that trade area residents will, on average, spend 37.7% to 44.9% of their income on retail purchases.11 These factors are based on data from the National Consumer Expenditure Survey (CES) for households with comparable income levels to those in the WMRTA. Table IV-3: Income and Retail Demand West Ming Regional Trade Area In thousands of constant dollars Market Area 2006 2010 2014 2020 2026 2028 PMA $2,604,744 $2,913,695 $3,245,826 $3,808,446 $4,335,389 $4,519,387 SMA $2,607,000 $2,720,208 $2,975,055 $3,403,896 $3,863,656 $4,021,231 RMA-NW $233,227 $344,430 $391,423 $466,547 $540,528 $549,477 RMA-W $289,441 $291,415 $299,697 $315,180 $337,339 $346,878 Total Income $5,734,413 $6,269,748 $6,912,001 $7,994,070 $9,076,912 $9,436,974 PMA $981,989 $1,098,463 $1,223,676 $1,435,784 $1,634,442 $1,703,809 SMA $1,053,228 $1,098,964 $1,201,922 $1,375,174 $1,560,917 $1,624,577 RMA-NW $104,719 $154,649 $175,749 $209,480 $242,697 $246,715 RMA-W $128,222 $129,097 $132,766 $139,625 $149,441 $153,667 Total Retail Demand $2,268,158 $2,481,173 $2,734,113 $3,160,063 $3,587,497 $3,728,769 Source: TNDG IV-D. DISTRIBUTION OF RESIDENT RETAIL EXPENDITURES Projected retail demand from market area residents is disaggregated into various retail categories based upon historic retail expenditure patterns observed in Kern County. The basic distribution of retail sales by retail category is projected as follows: 11 Trade area residents are projected to spend the following percentages of their income on retail purchases: PMA (37.7%), Metro N.O.R./SW (40.4%), Greater Shafter (44.9%), and Greater Taft/Maricopa (44.3%). These percentages are based on the National Consumer Expenditure Survey (CES), Bureau of Labor Statistics (BLS), and reflect the fact that the portion of income spent on retail goods varies based on household income levels in a market area. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 25 Table IV-4: Distribution of Retail Sales by Category West Ming Regional Trade Area Retail Category Distribution Shopper Goods: Apparel 4.0% General Merchandise 13.0% Furniture/Appliances 3.0% Specialty 11.0% Subtotal 31.0% Convenience Goods: Food / Liquor 25.0% Eating and Drinking 9.0% Subtotal 32.0% Heavy Commercial Goods: Building Materials/Hardware 10.0% Auto Dealers 17.0% Service Stations 10.0% Subtotal 37.0% Total 100.0% Source: State Board of Equalization; TNDG IV-E. CAPTURE RATE ANALYSIS Primary Market Area Capture Rates Capture rates of Primary Market Area demand are projected to be relatively high due to the tendency of residents to shop within close proximity to their homes, especially for convenience goods. Generally, it is reasonable to expect that residents will tend to make the vast majority of their retail purchases locally, provided that a competitive mix of retail stores reflective of consumer needs is available. Therefore, besides the grocery and building materials/hardware categories, capture rates are projected at 85%, acknowledging that some small amount of PMA residents’ retail expenditures will always “leak” outside of the 5-mile radius defined as the PMA. Table IV-5, on the following page, shows the projected capture rates of PMA demand for each retail category. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 26 Table IV-5: Capture Rates of Primary Market Area Demand West Ming Regional Trade Area Retail Category Capture Rate Shopper Goods: Apparel 85.00% General Merchandise 85.00% Furniture/Appliances 85.00% Specialty 85.00% Convenience Goods: Food / Liquor 90.00% Eating and Drinking 85.00% Heavy Commercial Goods: Building Materials/Hardware 100.00% Service Stations 85.00% Source: TNDG Secondary Market Area Capture Rates The PMA’s capture rates of SMA Demand are projected to be significantly lower than those for the PMA itself, given the relatively longer distances that SMA residents need to travel to shop in the PMA. In addition, there are existing shopping centers in the SMA that in some cases would be closer to these residents (see Appendix C, Tables C-2 and C-3). However, once the proposed project and the other planned/pending retail projects are developed in the PMA, the market area would include a significant amount of retail space and would be expected to draw patrons from the SMA. The projected capture rates of SMA demand are shown in Table IV-6 on the following page. They are expected to increase after 2010 because a number of the planned retail projects (as shown in the cumulative projects table, Table II-2) would be developed and operating by this time. As additional shopping centers are developed in the PMA, residents in the SMA would have a stronger incentive to travel to the PMA for more of their shopping needs, given the wider variety of shopping establishments that would be available. The 35% capture rate for shopper goods is approximately equal to the share of total retail space in the Metro N.O.R. and Metro SW RSAs that will be located in the PMA once all of the planned/pending retail projects are developed, adjusted to account for the permanent retail leakage outside of the trade area (see Page 25).12 Capture rates for the remaining categories – convenience and heavy commercial goods – are adjusted downward to account for the fact that the shoppers would tend to shop for these goods very close to their place of residence, and would thus be less likely to travel to the PMA for purchases of these goods. 12 This is recognized as an appropriate method of determining capture rates in secondary market areas for retail market analyses. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 27 Table IV-6: Capture Rates of Secondary Market Area Demand Within PMA Years Retail Category 2006-2010 2011-2030 Shopper Goods: Apparel 30.0% 35.0% General Merchandise 30.0% 35.0% Furniture/Appliances 30.0% 35.0% Specialty 30.0% 35.0% Convenience Goods: Food / Liquor 15.0% 20.0% Eating and Drinking 15.0% 20.0% Heavy Commercial Goods: Building Materials/Hardware 5.0% 10.0% Service Stations 2.5% 5.0% Source: TNDG Regional Market Area Capture Rates As shown in Table IV-7, on the following page, the PMA’s capture rates of RMA demand are projected to be lower than those for the SMA, given the even longer distances residents in these market areas would need to travel to make retail purchases in the PMA. However, there is a very limited base of retail establishments in these market areas (see Appendix C, Tables C-2 and C-3), and the Metro N.O.R. and Metro SW (which includes both the PMA and SMA) represent the nearest market areas with a significant number of shopping centers. Thus, it is likely that the majority of the existing retail leakage in the RMA communities is captured by retail facilities in these two RSAs. The capture rates for the two RMAs were first determined by estimating current retail sales leakage in the RMA-NW and RMA-W. As indicated above, this existing leakage is likely being captured by retail stores in the Metro N.O.R. and Metro SW RSAs. To determine the PMA capture rates from 2010 onward (once most of the planned/pending retail development in the PMA is projected to be built), for the shopper goods categories, it was assumed that approximately one-half of the estimated existing retail sales leakage in the RMA-NW and RMA-W could be potentially captured by retail stores in the PMA. This factor is based on the significant number of regional-scale shopping facilities that could be potentially be developed in the PMA (as shown in the cumulative projects table, Table II-2) Capture rates for the remaining categories – convenience and heavy commercial goods – are adjusted downward to account for the fact that the RMA residents would tend to shop for these goods very close to their homes, and would thus be less likely to travel to the PMA for purchases of these goods THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 28 Table IV-7: Capture Rates of Regional Market Area Demand Within PMA Years 2006-2010 Years 2011-2030 Retail Category RMA-NW RMA-W RMA-NW RMA-W Shopper Goods: Apparel 5.0% 10.0% 7.5% 15.0% General Merchandise 5.0% 10.0% 7.5% 15.0% Furniture/Appliances 5.0% 10.0% 7.5% 15.0% Specialty 5.0% 10.0% 7.5% 15.0% Convenience Goods: Food / Liquor 2.5% 5.0% 5.0% 7.5% Eating and Drinking 2.5% 5.0% 5.0% 7.5% Heavy Commercial Goods: Building Materials/Hardware 2.5% 5.0% 5.0% 10.0% Service Stations 1.5% 1.5% 2.5% 2.5% Source: TNDG IV-F. TOTAL POTENTIAL RETAIL SALES VOLUMES Based on the projected capture rates for each market area, Table IV-8, on the following page, summarizes the total potential capture of demand in the PMA for each retail category. The table excludes “heavy commercial” categories (e.g. automobile dealers) that are typically not found in shopping center settings. As shown in the Table III-8, incremental demand from 2006 to 2028 for retail sales is projected to grow in proportion to increases in the number of households in the overall trade area. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 29 Table IV-8: Potential Capture Within PMA of Sales from Combined Market Areas In thousands of 2006 dollars Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel $46,749 $51,361 $59,756 $69,535 $79,049 $82,336 General Merchandise $151,933 $166,923 $194,206 $225,990 $256,908 $267,591 Furniture/Appliances $35,062 $38,521 $44,817 $52,151 $59,286 $61,752 Specialty $128,559 $141,243 $164,328 $191,222 $217,384 $226,423 Subtotal $362,302 $398,048 $463,107 $538,898 $612,627 $638,102 Convenience Goods: Food / Liquor $241,685 $267,670 $312,901 $365,283 $415,500 $432,907 Eating and Drinking $90,153 $99,797 $116,933 $136,476 $155,232 $161,731 Subtotal $331,838 $367,467 $429,834 $501,759 $570,733 $594,638 Heavy Commercial Goods: Building Materials/Hardware $104,368 $116,373 $136,593 $159,774 $181,761 $189,397 Service Stations $86,696 $96,840 $111,333 $130,401 $148,399 $154,648 Subtotal $191,064 $213,214 $247,927 $290,175 $330,160 $344,045 Total $885,204 $978,729 $1,140,867 $1,330,832 $1,513,519 $1,576,785 Source: TNDG IV-G. SUPPORTABLE RETAIL SPACE Sales Per Square Foot Standards Projected sales volume requirements per square foot of retail space by retail category are derived from typical sales standards from the Urban Land Institute’s Dollars & Cents Publication and from typical sales per square foot data from representative stores in each retail category. Table IV-9: Sales per Square Foot Standards for Retail Space West Ming Regional Trade Area Retail Category Sales/ Square Foot Apparel $250 General Merchandise / Specialty $300 Specialty $250 Furnishings/Appliances $250 Food / Liquor $400 Eating / Drinking Establishments $250 Building Materials / Hardware $250 Source: TNDG; Urban Land Institute (ULI) THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 30 Demand for Retail Space The sales per square foot standards are applied to the gross retail demand numbers (in Table IV-8) for each relevant retail category. This calculation converts potential sales volumes to supportable square feet of retail space, which is shown in Table IV-10 below. Supportable development levels will increase in the future by virtue of anticipated growth in the number of households in the WMRTA. The supportable square footages for retail stores have been increased by 10 percent to account for personal and business services space appropriate for shopping center settings. 13 The projections are also translated from net occupied space to gross demand for new retail buildings, based on an assumed vacancy factor of 5%. This reflects a typical stabilized vacancy rate in a “healthy” retail market. Table IV-10: Potential Demand for Retail Space Within PMA, Reflecting Capture of Regional Demand Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel 186,995205,444239,023278,141 316,194 329,343 General Merchandise 506,444556,411647,354753,299 856,360 891,971 Furniture/Appliances 140,246154,083179,267208,606 237,146 247,007 Specialty 514,235564,971657,313764,888 869,535 905,693 Subtotal 1,347,9201,480,9091,722,9572,004,934 2,279,234 2,374,014 Convenience Goods: Food / Liquor 604,212669,175782,252913,207 1,038,751 1,082,268 Eating and Drinking 360,613399,189467,732545,903 620,929 646,925 Subtotal 964,8251,068,3641,249,9831,459,110 1,659,680 1,729,193 Heavy Commercial Goods: Building Materials/Hardware 417,472465,493546,373639,095 727,045 757,588 Service Stations N/AN/AN/AN/A N/A N/A Subtotal 417,472465,493546,373639,095 727,045 757,588 Services Space @ 10% of Retail 273,022301,477351,931410,314 466,596 486,079 Allowance for standard vacancy @ 5% 158,065174,539203,750237,550 270,134 281,414 Total 3,161,3043,490,7824,074,9954,751,004 5,402,690 5,628,288 Source: TNDG As shown in Table IV-10, the PMA could currently support approximately 3.16 million square feet of retail space. By 2028, due to continued growth in the number of households, the PMA is projected to be able to support approximately 5.63 million square feet of retail space. 13 This factor is based on data from the ULI’s Dollar & Cents of Shopping Centers: 2004 publication and a review of a proprietary database of shopping center information in a major metropolitan area. Depending on the shopping center format, the percent of total services space ranges from 5% to 30%. For community-scale shopping facilities, services space typically accounts for 15% of total shopping center space. However, in retaining the analytically conservative nature of this study, we have utilized a factor of 10% to account for services space. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 31 Existing Square Feet of Retail Space Provided below in Table IV-11 is an estimate of the amount of existing square feet of retail space, broken down by retail category, in the PMA of the WMRTA.14 As shown in the Table, there is approximately to 2.18 million square feet of existing retail space (including service- related and vacant space). Table IV-11: Estimate of Existing Square Feet of Retail Development West Ming Regional Trade Area - PMA Retail Category 2006 Shopper Goods: Apparel 183,018 General Merchandise 345,370 Furniture/Appliances 49,244 Specialty 306,018 Subtotal 883,650 Convenience Goods: Food / Liquor 451,392 Eating and Drinking 346,847 Subtotal 798,239 Heavy Commercial Goods: Building Materials/Hardware 241,233 Service Stations N/A Subtotal 241,233 Services Space 256,015 Vacant Space 32,364 Total 2,183,646 Source: TNDG Demand for New Retail Space By subtracting the existing amount of retail space (see Table IV-11) from the potential supportable amount (see Table IV-10), Table IV-12, on the following page, provides the amount of new retail space that could be supported in the PMA. Currently (as of 2006) the PMA could support more than 970,000 square feet of additional retail space, taking into account both local and regional demand. Due to continued growth in the number of households, the PMA would be able to support an additional 3.44 million square feet of retail space, over and above existing levels, by 2028. 14 The estimates are from a field survey completed by TNDG in September 2006. THE NATELSON DALE GROUP, INC. Urban Decay Study for West Ming Ranch Specific Plan Page - 32 Table IV-12: Cumulative Supportable NEW Square Feet of Retail Space Within PMA, Reflecting Capture of Regional Demand Retail Category 2006 2010 2014 2020 2026 2028 Shopper Goods: Apparel 31,832 50,281 83,860 122,978 161,031 174,180 General Merchandise 161,074 211,041 301,984 407,929 510,990 546,601 Furniture/Appliances 91,002 104,839 130,023 159,362 187,902 197,763 Specialty 208,217 258,953 351,295 458,870 563,516 599,675 Subtotal 492,125 625,114 867,162 1,149,139 1,423,439 1,518,219 Convenience Goods: Food / Liquor 152,820 217,783 330,860 461,816 587,360 630,876 Eating and Drinking 13,766 52,342 120,885 199,056 274,082 300,078 Subtotal 166,587 270,126 451,745 660,872 861,441 930,954 Heavy Commercial Goods: Building Materials/Hardware 176,239 224,260 305,140 397,862 485,812 516,355 Service Stations N/AN/AN/AN/A N/A N/A Subtotal 176,239 224,260 305,140 397,862 485,812 516,355 Services Space 17,007 45,462 95,916 154,299 210,581 230,064 Allowance for standard vacancy 125,701 142,175 171,386 205,186 237,770 249,050 Total 977,658 1,307,136 1,891,349 2,567,358 3,219,044 3,444,642 Source: TNDG Signature of Principal-in-Charge of this Assignment: _____________________________________________ Roger A. Dale Principal The Natelson Dale Group, Inc. APPENDIX A: RETAIL DEMAND ANALYSIS WEST MING TRADE AREA Table A-1Projected Number of HouseholdsWest Ming Trade AreaArea2006201020142018202020262028Primary Market Area - 5-mile radius31,64935,40339,43843,87346,27552,67754,913Secondary Market Area0000000Regional Market Area - NW0000000Regional Market Area - W0000000 Total31,64935,40339,43843,87346,27552,67754,913Source: Claritas; Kern County Council of Governments (COG); The Natelson Dale Group, Inc. (TNDG).Table A-2Average Household Income ProjectionsWest Ming Trade AreaIn constant dollars 2006 Primary Market Area - 5-mile radius$82,301Secondary Market Area$0Regional Market Area - NW$0Regional Market Area - W$0Annual Increase Factor 0.00%Area2006201020142018202020262028Primary Market Area - 5-mile radius$82,301$82,301$82,301$82,301$82,301$82,301$82,301Secondary Market Area$0$0$0$0$0$0$0Regional Market Area - NW$0$0$0$0$0$0$0Regional Market Area - W$0$0$0$0$0$0$0Source: Claritas; TNDG Table A-3Total Income and Potential Retail Sales ProjectionsWest Ming Trade AreaIn Thousands of 2006 Dollars PMASMARMA-NWRMA-W Percent of Income Spent for Retail Goods37.7%40.4%44.9%44.3%Visitor and Business Spending0.0%0.0%0.0%0.0%Total37.7%40.4%44.9%44.3%Area2006201020142018202020262028Total Income:Primary Market Area - 5-mile radius$2,604,744$2,913,695$3,245,826$3,610,829$3,808,446$4,335,389$4,519,387Secondary Market Area$0$0$0$0$0$0$0Regional Market Area - NW$0$0$0$0$0$0$0Regional Market Area - W$0$0$0$0$0$0$0 Total $2,604,744$2,913,695$3,245,826$3,610,829$3,808,446$4,335,389$4,519,387Potential Retail Sales:Primary Market Area - 5-mile radiusResidents$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Business/Visitors$0$0$0$0$0$0$0Subtotal$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Secondary Market AreaResidents$0$0$0$0$0$0$0Business/Visitors$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Regional Market Area - NWResidents$0$0$0$0$0$0$0Business/Visitors$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Regional Market Area - WResidents$0$0$0$0$0$0$0Business/Visitors$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0 Total Potential Retail Sales$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Source: TNDG Table A-4Distribution of Retail Sales by Retail CategoryWest Ming Trade AreaRetail Category %Distribution 2006 %Distribution 2010 %Distribution 2014 %Distribution 2018 %Distribution 2020 %Distribution 2026 %Distribution 2028 Shopper Goods:Apparel4.0%4.0%4.0%4.0%4.0%4.0%4.0%General Merchandise13.0%13.0%13.0%13.0%13.0%13.0%13.0%Home Furnishings3.0%3.0%3.0%3.0%3.0%3.0%3.0%Specialty11.0%11.0%11.0%11.0%11.0%11.0%11.0%Subtotal31.00%31.0%31.0%31.0%31.0%31.0%31.0%Convenience Goods:Food (Supermarkets/Liquor)23.0%23.0%23.0%23.0%23.0%23.0%23.0%Eating and Drinking9.0%9.0%9.0%9.0%9.0%9.0%9.0%Subtotal32.00%32.0%32.0%32.0%32.0%32.0%32.0%Heavy Commercial Goods:Building/ Hardware/ Farm10.0%10.0%10.0%10.0%10.0%10.0%10.0%Auto Dealers and Parts17.0%17.0%17.0%17.0%17.0%17.0%17.0%Service Stations10.0%10.0%10.0%10.0%10.0%10.0%10.0%Subtotal37.00%37.0%37.0%37.0%37.0%37.0%37.0% Total100.00%100.0%100.0%100.0%100.0%100.0%100.0%Source: TNDG, based on historic trends reported by the State Board of Equalization Table A-5Projected PMA Demand for Retail Sales by Major Retail CategoryWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$39,280$43,939$48,947$54,451$57,431$65,378$68,152General Merchandise$127,659$142,800$159,078$176,967$186,652$212,477$221,495Furniture/Appliances$29,460$32,954$36,710$40,838$43,074$49,033$51,114Specialty$108,019$120,831$134,604$149,741$157,936$179,789$187,419Subtotal$304,416$340,524$379,340$421,998$445,093$506,677$528,181Convenience Goods:Food (Supermarkets/Liquor)$225,857$252,647$281,446$313,095$330,230$375,922$391,876Eating and Drinking$88,379$98,862$110,131$122,515$129,221$147,100$153,343Subtotal$314,236$351,508$391,576$435,610$459,451$523,021$545,219Heavy Commercial Goods:Building/ Hardware/ Farm$98,199$109,846$122,368$136,128$143,578$163,444$170,381Auto Dealers and Parts$166,938$186,739$208,025$231,418$244,083$277,855$289,648Service Stations$98,199$109,846$122,368$136,128$143,578$163,444$170,381Subtotal$363,336$406,431$452,760$503,675$531,240$604,743$630,409 Total$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Source: TNDG Table A-6Projected SMA Demand for Retail Sales by Major Retail CategoryWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$0$0$0$0$0$0$0General Merchandise$0$0$0$0$0$0$0Furniture/Appliances$0$0$0$0$0$0$0Specialty$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Convenience Goods:Food (Supermarkets/Liquor)$0$0$0$0$0$0$0Eating and Drinking$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Heavy Commercial Goods:Building/ Hardware/ Farm$0$0$0$0$0$0$0Auto Dealers and Parts$0$0$0$0$0$0$0Service Stations$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Total$0$0$0$0$0$0$0Source: TNDG Table A-7Projected RMA-NW Demand for Retail Sales by Major Retail CategoryWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$0$0$0$0$0$0$0General Merchandise$0$0$0$0$0$0$0Furniture/Appliances$0$0$0$0$0$0$0Specialty$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Convenience Goods:Food (Supermarkets/Liquor)$0$0$0$0$0$0$0Eating and Drinking$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Heavy Commercial Goods:Building/ Hardware/ Farm$0$0$0$0$0$0$0Auto Dealers and Parts$0$0$0$0$0$0$0Service Stations$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Total$0$0$0$0$0$0$0Source: TNDG Table A-8Projected RMA-W Demand for Retail Sales by Major Retail CategoryWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$0$0$0$0$0$0$0General Merchandise$0$0$0$0$0$0$0Furniture/Appliances$0$0$0$0$0$0$0Specialty$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Convenience Goods:Food (Supermarkets/Liquor)$0$0$0$0$0$0$0Eating and Drinking$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Heavy Commercial Goods:Building/ Hardware/ Farm$0$0$0$0$0$0$0Auto Dealers and Parts$0$0$0$0$0$0$0Service Stations$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Total$0$0$0$0$0$0$0Source: TNDG Table A-9Potential Capture Rates of PMA DemandWest Ming Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel85%85%85%85%85%85%85%General Merchandise85%85%85%85%85%85%85%Furniture/Appliances85%85%85%85%85%85%85%Specialty85%85%85%85%85%85%85%Convenience Goods:Food (Supermarkets/Liquor)90%90%90%90%90%90%90%Eating and Drinking85%85%85%85%85%85%85%Heavy Commercial Goods:Building/ Hardware/ Farm100%100%100%100%100%100%100%Service Stations85%85%85%85%85%85%85%Source: TNDG Table A-10Potential Capture Rates of SMA DemandWest Ming Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel0.0%0.0%0.0%0.0%0.0%0.0%0.0%General Merchandise0.0%0.0%0.0%0.0%0.0%0.0%0.0%Furniture/Appliances0.0%0.0%0.0%0.0%0.0%0.0%0.0%Specialty0.0%0.0%0.0%0.0%0.0%0.0%0.0%Convenience Goods:Food (Supermarkets/Liquor)0.0%0.0%0.0%0.0%0.0%0.0%0.0%Eating and Drinking0.0%0.0%0.0%0.0%0.0%0.0%0.0%Heavy Commercial Goods:Building/ Hardware/ Farm0.0%0.0%0.0%0.0%0.0%0.0%0.0%Service Stations0.0%0.0%0.0%0.0%0.0%0.0%0.0%Source: TNDG Table A-11Potential Capture Rates of RMA-NW DemandWest Ming Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel0.0%0.0%0.0%0.0%0.0%0.0%0.0%General Merchandise0.0%0.0%0.0%0.0%0.0%0.0%0.0%Furniture/Appliances0.0%0.0%0.0%0.0%0.0%0.0%0.0%Specialty0.0%0.0%0.0%0.0%0.0%0.0%0.0%Convenience Goods:Food (Supermarkets/Liquor)0.0%0.0%0.0%0.0%0.0%0.0%0.0%Eating and Drinking0.0%0.0%0.0%0.0%0.0%0.0%0.0%Heavy Commercial Goods:Building/ Hardware/ Farm0.0%0.0%0.0%0.0%0.0%0.0%0.0%Service Stations0.0%0.0%0.0%0.0%0.0%0.0%0.0%Source: TNDG Table A-12Potential Capture Rates of RMA-W DemandWest Ming Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel0.0%0.0%0.0%0.0%0.0%0.0%0.0%General Merchandise0.0%0.0%0.0%0.0%0.0%0.0%0.0%Furniture/Appliances0.0%0.0%0.0%0.0%0.0%0.0%0.0%Specialty0.0%0.0%0.0%0.0%0.0%0.0%0.0%Convenience Goods:Food (Supermarkets/Liquor)0.0%0.0%0.0%0.0%0.0%0.0%0.0%Eating and Drinking0.0%0.0%0.0%0.0%0.0%0.0%0.0%Heavy Commercial Goods:Building/ Hardware/ Farm0.0%0.0%0.0%0.0%0.0%0.0%0.0%Service Stations0.0%0.0%0.0%0.0%0.0%0.0%0.0%Source: TNDG Table A-13Potential Capture of Sales from PMAWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$33,388$37,348$41,605$46,284$48,817$55,571$57,930General Merchandise$108,510$121,380$135,216$150,422$158,654$180,606$188,271Furniture/Appliances$25,041$28,011$31,204$34,713$36,613$41,678$43,447Specialty$91,816$102,706$114,414$127,280$134,246$152,820$159,306Subtotal$258,754$289,445$322,439$358,698$378,329$430,675$448,954Convenience Goods:Food (Supermarkets/Liquor)$203,272$227,382$253,301$281,786$297,207$338,329$352,688Eating and Drinking$75,122$84,032$93,611$104,138$109,838$125,035$130,341Subtotal$278,394$311,414$346,912$385,924$407,045$463,364$483,030Heavy Commercial Goods:Building/ Hardware/ Farm$98,199$109,846$122,368$136,128$143,578$163,444$170,381Service Stations$83,469$93,369$104,012$115,709$122,042$138,928$144,824Subtotal$181,668$203,216$226,380$251,837$265,620$302,372$315,205 Total$718,816$804,075$895,731$996,459$1,050,994$1,196,411$1,247,188Source: TNDG Table A-14Potential Capture of Sales from SMAWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$0$0$0$0$0$0$0General Merchandise$0$0$0$0$0$0$0Furniture/Appliances$0$0$0$0$0$0$0Specialty$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Convenience Goods:Food (Supermarkets/Liquor)$0$0$0$0$0$0$0Eating and Drinking$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Heavy Commercial Goods:Building/ Hardware/ Farm$0$0$0$0$0$0$0Service Stations$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Total$0$0$0$0$0$0$0Source: TNDG Table A-15Potential Capture of Sales from RMA-NWWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$0$0$0$0$0$0$0General Merchandise$0$0$0$0$0$0$0Furniture/Appliances$0$0$0$0$0$0$0Specialty$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Convenience Goods:Food (Supermarkets/Liquor)$0$0$0$0$0$0$0Eating and Drinking$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Heavy Commercial Goods:Building/ Hardware/ Farm$0$0$0$0$0$0$0Service Stations$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Total$0$0$0$0$0$0$0Source: TNDG Table A-16Potential Capture of Sales from RMA-WWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$0$0$0$0$0$0$0General Merchandise$0$0$0$0$0$0$0Furniture/Appliances$0$0$0$0$0$0$0Specialty$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Convenience Goods:Food (Supermarkets/Liquor)$0$0$0$0$0$0$0Eating and Drinking$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Heavy Commercial Goods:Building/ Hardware/ Farm$0$0$0$0$0$0$0Service Stations$0$0$0$0$0$0$0Subtotal$0$0$0$0$0$0$0Total$0$0$0$0$0$0$0Source: TNDG Table A-17Potential Capture of Sales from Combined Market AreasWest Ming Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$33,388$37,348$41,605$46,284$48,817$55,571$57,930General Merchandise$108,510$121,380$135,216$150,422$158,654$180,606$188,271Furniture/Appliances$25,041$28,011$31,204$34,713$36,613$41,678$43,447Specialty$91,816$102,706$114,414$127,280$134,246$152,820$159,306Subtotal$258,754$289,445$322,439$358,698$378,329$430,675$448,954Convenience Goods:Food (Supermarkets/Liquor)$203,272$227,382$253,301$281,786$297,207$338,329$352,688Eating and Drinking$75,122$84,032$93,611$104,138$109,838$125,035$130,341Subtotal$278,394$311,414$346,912$385,924$407,045$463,364$483,030Heavy Commercial Goods:Building/ Hardware/ Farm$98,199$109,846$122,368$136,128$143,578$163,444$170,381Service Stations$83,469$93,369$104,012$115,709$122,042$138,928$144,824Subtotal$181,668$203,216$226,380$251,837$265,620$302,372$315,205 Total$718,816$804,075$895,731$996,459$1,050,994$1,196,411$1,247,188Source: TNDG Table A-18Sales Per Square Foot StandardsWest Ming Trade AreaExpressed in Sales/Square FeetRetail CategorySales/Square FeetShopper Goods:Apparel$250General Merchandise$300Furniture/Appliances$250Specialty/Other$250Food$400Eating/Drinking$250Building/Hardware/Garden$250Services Space @ 10% of RetailN/AAllowance for standard vacancy @ 5%GRAND TOTALSource: TNDG Table A-19Potential Supportable Square Feet of Retail DevelopmentWest Ming Trade AreaRetail Category 2006 2010 2014 2018 2020 2026 2028 Shopper Goods:Apparel 133,550 149,391 166,420 185,134 195,267 222,284 231,718 General Merchandise 361,699 404,601 450,721 501,406 528,847 602,019 627,570 Furniture/Appliances 100,163 112,043 124,815 138,851 146,450 166,713 173,789 Specialty 367,264 410,825 457,655 509,120 536,983 611,281 637,225 Subtotal 962,6761,076,8601,199,6111,334,5111,407,5471,602,2981,670,301 Convenience Goods:Food (Supermarkets/Liquor) 508,179 568,455 633,252 704,464 743,018 845,824 881,721 Eating and Drinking 300,489 336,130 374,445 416,552 439,350 500,139 521,366 Subtotal 808,668 904,5841,007,6971,121,0161,182,3681,345,9631,403,087 Heavy Commercial Goods:Building/ Hardware/ Farm 392,795 439,385 489,471 544,513 574,314 653,777 681,524 Service Stations N/A N/A N/A N/A N/A N/A N/A Subtotal 392,795 439,385 489,471 544,513 574,314 653,777 681,524 Services Space @ 10% of Retail 216,414 242,083 269,678 300,004 316,423 360,204 375,491 Allowance for standard vacancy @ 5% 125,292 140,153 156,129 173,687 183,192 208,539 217,390 GRAND TOTAL 2,505,8452,803,0663,122,5863,473,7313,663,8444,170,7804,347,792 Source: TNDG Table A-20Existing Square Feet of Retail DevelopmentWest Ming Trade AreaRetail Category2006Shopper Goods:Apparel155,163 General Merchandise345,370 Furniture/Appliances49,244 Specialty306,018 Subtotal855,795Convenience Goods:Food (Supermarkets/Liquor)451,392 Eating and Drinking346,847 Subtotal798,239Heavy Commercial Goods:Building/ Hardware/ Farm241,233Service StationsN/ASubtotal241,233Services Space256,015Vacant32,364GRAND TOTAL2,183,646Source: TNDG Table A-21Supportable Square Feet of NEW Retail SpaceWest Ming Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel015,84132,87051,58461,71688,73498,168General Merchandise16,33059,231105,351156,036183,478256,650282,200Furniture/Appliances50,91962,79975,57189,60797,206117,469124,544Specialty61,245104,807151,637203,101230,965305,263331,206Subtotal128,494242,678365,428500,328573,365768,115836,118Convenience Goods:Food (Supermarkets/Liquor)56,788117,063181,861253,072291,627394,432430,330Eating and Drinking035,64173,956116,064138,861199,651220,877Subtotal56,788152,704255,817369,136430,488594,083651,207Heavy Commercial Goods:Building/ Hardware/ Farm151,562198,152248,237303,280333,081412,544440,291Service StationsN/AN/AN/AN/AN/AN/AN/ASubtotal151,562198,152248,237303,280333,081412,544440,291Services Space @ 10% of Retail025,66953,26483,590100,009143,790159,077Allowance for standard vacancy @ 5%92,928107,789123,765141,323150,828176,175185,026GRAND TOTAL429,772726,9921,046,5121,397,6571,587,7712,094,7062,271,718 APPENDIX B: RETAIL DEMAND ANALYSIS WEST MING REGIONAL TRADE AREA Table B-1Projected Number of HouseholdsWest Ming Regional Trade AreaArea2006201020142018202020262028Primary Market Area - 5-mile radius31,64935,40339,43843,87346,27552,67754,913Secondary Market Area40,35242,10446,04950,29452,68659,80362,242Regional Market Area - NW5,4588,0619,16110,30410,91912,65012,860Regional Market Area - W6,4556,4996,6846,9107,0297,5237,736 Total83,91492,067101,332111,382116,909132,654137,750Source: Claritas; Kern County Council of Governments (COG); The Natelson Dale Group, Inc. (TNDG).Table B-2Average Household Income ProjectionsWest Ming Regional Trade AreaIn constant dollars 2006 Primary Market Area - 5-mile radius$82,301Secondary Market Area$64,607Regional Market Area - NW$42,728Regional Market Area - W$44,840Annual Increase Factor 0.00%Area2006201020142018202020262028Primary Market Area - 5-mile radius$82,301$82,301$82,301$82,301$82,301$82,301$82,301Secondary Market Area$64,607$64,607$64,607$64,607$64,607$64,607$64,607Regional Market Area - NW$42,728$42,728$42,728$42,728$42,728$42,728$42,728Regional Market Area - W$44,840$44,840$44,840$44,840$44,840$44,840$44,840Source: Claritas; TNDG Table B-3Total Income and Potential Retail Sales ProjectionsWest Ming Regional Trade AreaIn Thousands of 2006 Dollars PMASMARMA-NWRMA-W Percent of Income Spent for Retail Goods37.7%40.4%44.9%44.3%Visitor and Business Spending0.0%0.0%0.0%0.0%Total37.7%40.4%44.9%44.3%Area2006201020142018202020262028Total Income:Primary Market Area - 5-mile radius$2,604,744$2,913,695$3,245,826$3,610,829$3,808,446$4,335,389$4,519,387Secondary Market Area$2,607,000$2,720,208$2,975,055$3,249,357$3,403,896$3,863,656$4,021,231Regional Market Area - NW$233,227$344,430$391,423$440,266$466,547$540,528$549,477Regional Market Area - W$289,441$291,415$299,697$309,836$315,180$337,339$346,878 Total $5,734,413$6,269,748$6,912,001$7,610,289$7,994,070$9,076,912$9,436,974Potential Retail Sales:Primary Market Area - 5-mile radiusResidents$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Business/Visitors$0$0$0$0$0$0$0Subtotal$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Secondary Market AreaResidents$1,053,228$1,098,964$1,201,922$1,312,740$1,375,174$1,560,917$1,624,577Business/Visitors$0$0$0$0$0$0$0Subtotal$1,053,228$1,098,964$1,201,922$1,312,740$1,375,174$1,560,917$1,624,577Regional Market Area - NWResidents$104,719$154,649$175,749$197,680$209,480$242,697$246,715Business/Visitors$0$0$0$0$0$0$0Subtotal$104,719$154,649$175,749$197,680$209,480$242,697$246,715Regional Market Area - WResidents$128,222$129,097$132,766$137,257$139,625$149,441$153,667Business/Visitors$0$0$0$0$0$0$0Subtotal$128,222$129,097$132,766$137,257$139,625$149,441$153,667 Total Potential Retail Sales$2,268,158$2,481,173$2,734,113$3,008,960$3,160,063$3,587,497$3,728,769Source: TNDG Table B-4Distribution of Retail Sales by Retail CategoryWest Ming Regional Trade AreaRetail Category %Distribution 2006 %Distribution 2010 %Distribution 2014 %Distribution 2018 %Distribution 2020 %Distribution 2026 %Distribution 2028 Shopper Goods:Apparel4.0%4.0%4.0%4.0%4.0%4.0%4.0%General Merchandise13.0%13.0%13.0%13.0%13.0%13.0%13.0%Home Furnishings3.0%3.0%3.0%3.0%3.0%3.0%3.0%Specialty11.0%11.0%11.0%11.0%11.0%11.0%11.0%Subtotal31.00%31.0%31.0%31.0%31.0%31.0%31.0%Convenience Goods:Food (Supermarkets/Liquor)23.0%23.0%23.0%23.0%23.0%23.0%23.0%Eating and Drinking9.0%9.0%9.0%9.0%9.0%9.0%9.0%Subtotal32.00%32.0%32.0%32.0%32.0%32.0%32.0%Heavy Commercial Goods:Building/ Hardware/ Farm10.0%10.0%10.0%10.0%10.0%10.0%10.0%Auto Dealers and Parts17.0%17.0%17.0%17.0%17.0%17.0%17.0%Service Stations10.0%10.0%10.0%10.0%10.0%10.0%10.0%Subtotal37.00%37.0%37.0%37.0%37.0%37.0%37.0% Total100.00%100.0%100.0%100.0%100.0%100.0%100.0%Source: TNDG, based on historic trends reported by the State Board of Equalization Table B-5Projected PMA Demand for Retail Sales by Major Retail CategoryWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$39,280$43,939$48,947$54,451$57,431$65,378$68,152General Merchandise$127,659$142,800$159,078$176,967$186,652$212,477$221,495Furniture/Appliances$29,460$32,954$36,710$40,838$43,074$49,033$51,114Specialty$108,019$120,831$134,604$149,741$157,936$179,789$187,419Subtotal$304,416$340,524$379,340$421,998$445,093$506,677$528,181Convenience Goods:Food (Supermarkets/Liquor)$225,857$252,647$281,446$313,095$330,230$375,922$391,876Eating and Drinking$88,379$98,862$110,131$122,515$129,221$147,100$153,343Subtotal$314,236$351,508$391,576$435,610$459,451$523,021$545,219Heavy Commercial Goods:Building/ Hardware/ Farm$98,199$109,846$122,368$136,128$143,578$163,444$170,381Auto Dealers and Parts$166,938$186,739$208,025$231,418$244,083$277,855$289,648Service Stations$98,199$109,846$122,368$136,128$143,578$163,444$170,381Subtotal$363,336$406,431$452,760$503,675$531,240$604,743$630,409 Total$981,989$1,098,463$1,223,676$1,361,283$1,435,784$1,634,442$1,703,809Source: TNDG Table B-6Projected SMA Demand for Retail Sales by Major Retail CategoryWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$42,129$43,959$48,077$52,510$55,007$62,437$64,983General Merchandise$136,920$142,865$156,250$170,656$178,773$202,919$211,195Furniture/Appliances$31,597$32,969$36,058$39,382$41,255$46,828$48,737Specialty$115,855$120,886$132,211$144,401$151,269$171,701$178,704Subtotal$326,501$340,679$372,596$406,949$426,304$483,884$503,619Convenience Goods:Food (Supermarkets/Liquor)$242,242$252,762$276,442$301,930$316,290$359,011$373,653Eating and Drinking$94,791$98,907$108,173$118,147$123,766$140,483$146,212Subtotal$337,033$351,668$384,615$420,077$440,056$499,493$519,865Heavy Commercial Goods:Building/ Hardware/ Farm$105,323$109,896$120,192$131,274$137,517$156,092$162,458Auto Dealers and Parts$179,049$186,824$204,327$223,166$233,780$265,356$276,178Service Stations$105,323$109,896$120,192$131,274$137,517$156,092$162,458Subtotal$389,694$406,617$444,711$485,714$508,814$577,539$601,094 Total$1,053,228$1,098,964$1,201,922$1,312,740$1,375,174$1,560,917$1,624,577Source: TNDG Table B-7Projected RMA-NW Demand for Retail Sales by Major Retail CategoryWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$4,189$6,186$7,030$7,907$8,379$9,708$9,869General Merchandise$13,613$20,104$22,847$25,698$27,232$31,551$32,073Furniture/Appliances$3,142$4,639$5,272$5,930$6,284$7,281$7,401Specialty$11,519$17,011$19,332$21,745$23,043$26,697$27,139Subtotal$32,463$47,941$54,482$61,281$64,939$75,236$76,482Convenience Goods:Food (Supermarkets/Liquor)$24,085$35,569$40,422$45,466$48,180$55,820$56,745Eating and Drinking$9,425$13,918$15,817$17,791$18,853$21,843$22,204Subtotal$33,510$49,488$56,240$63,257$67,033$77,663$78,949Heavy Commercial Goods:Building/ Hardware/ Farm$10,472$15,465$17,575$19,768$20,948$24,270$24,672Auto Dealers and Parts$17,802$26,290$29,877$33,606$35,612$41,259$41,942Service Stations$10,472$15,465$17,575$19,768$20,948$24,270$24,672Subtotal$38,746$57,220$65,027$73,141$77,507$89,798$91,285 Total$104,719$154,649$175,749$197,680$209,480$242,697$246,715Source: TNDG Table B-8Projected RMA-W Demand for Retail Sales by Major Retail CategoryWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$5,129$5,164$5,311$5,490$5,585$5,978$6,147General Merchandise$16,669$16,783$17,260$17,843$18,151$19,427$19,977Furniture/Appliances$3,847$3,873$3,983$4,118$4,189$4,483$4,610Specialty$14,104$14,201$14,604$15,098$15,359$16,439$16,903Subtotal$39,749$40,020$41,157$42,550$43,284$46,327$47,637Convenience Goods:Food (Supermarkets/Liquor)$29,491$29,692$30,536$31,569$32,114$34,371$35,343Eating and Drinking$11,540$11,619$11,949$12,353$12,566$13,450$13,830Subtotal$41,031$41,311$42,485$43,922$44,680$47,821$49,173Heavy Commercial Goods:Building/ Hardware/ Farm$12,822$12,910$13,277$13,726$13,962$14,944$15,367Auto Dealers and Parts$21,798$21,946$22,570$23,334$23,736$25,405$26,123Service Stations$12,822$12,910$13,277$13,726$13,962$14,944$15,367Subtotal$47,442$47,766$49,123$50,785$51,661$55,293$56,857 Total$128,222$129,097$132,766$137,257$139,625$149,441$153,667Source: TNDG Table B-9Potential Capture Rates of PMA DemandWest Ming Regional Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel85%85%85%85%85%85%85%General Merchandise85%85%85%85%85%85%85%Furniture/Appliances85%85%85%85%85%85%85%Specialty85%85%85%85%85%85%85%Convenience Goods:Food (Supermarkets/Liquor)90%90%90%90%90%90%90%Eating and Drinking85%85%85%85%85%85%85%Heavy Commercial Goods:Building/ Hardware/ Farm100%100%100%100%100%100%100%Service Stations85%85%85%85%85%85%85%Source: TNDG Table B-10Potential Capture Rates of SMA DemandWest Ming Regional Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel30.0%30.0%35.0%35.0%35.0%35.0%35.0%General Merchandise30.0%30.0%35.0%35.0%35.0%35.0%35.0%Furniture/Appliances30.0%30.0%35.0%35.0%35.0%35.0%35.0%Specialty30.0%30.0%35.0%35.0%35.0%35.0%35.0%Convenience Goods:Food (Supermarkets/Liquor)15.0%15.0%20.0%20.0%20.0%20.0%20.0%Eating and Drinking15.0%15.0%20.0%20.0%20.0%20.0%20.0%Heavy Commercial Goods:Building/ Hardware/ Farm5.0%5.0%10.0%10.0%10.0%10.0%10.0%Service Stations2.5%2.5%5.0%5.0%5.0%5.0%5.0%Source: TNDG Table B-11Potential Capture Rates of RMA-NW DemandWest Ming Regional Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel5.0%5.0%7.5%7.5%7.5%7.5%7.5%General Merchandise5.0%5.0%7.5%7.5%7.5%7.5%7.5%Furniture/Appliances5.0%5.0%7.5%7.5%7.5%7.5%7.5%Specialty5.0%5.0%7.5%7.5%7.5%7.5%7.5%Convenience Goods:Food (Supermarkets/Liquor)2.5%2.5%5.0%5.0%5.0%5.0%5.0%Eating and Drinking2.5%2.5%5.0%5.0%5.0%5.0%5.0%Heavy Commercial Goods:Building/ Hardware/ Farm2.5%2.5%5.0%5.0%5.0%5.0%5.0%Service Stations1.5%1.5%2.5%2.5%2.5%2.5%2.5%Source: TNDG Table B-12Potential Capture Rates of RMA-W DemandWest Ming Regional Trade AreaRetail Category2006201020142018202020262028Shopper Goods:Apparel10.0%10.0%15.0%15.0%15.0%15.0%15.0%General Merchandise10.0%10.0%15.0%15.0%15.0%15.0%15.0%Furniture/Appliances10.0%10.0%15.0%15.0%15.0%15.0%15.0%Specialty10.0%10.0%15.0%15.0%15.0%15.0%15.0%Convenience Goods:Food (Supermarkets/Liquor)5.0%5.0%7.5%7.5%7.5%7.5%7.5%Eating and Drinking5.0%5.0%7.5%7.5%7.5%7.5%7.5%Heavy Commercial Goods:Building/ Hardware/ Farm5.0%5.0%10.0%10.0%10.0%10.0%10.0%Service Stations1.5%1.5%2.5%2.5%2.5%2.5%2.5%Source: TNDG Table B-13Potential Capture of Sales from PMAWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$33,388$37,348$41,605$46,284$48,817$55,571$57,930General Merchandise$108,510$121,380$135,216$150,422$158,654$180,606$188,271Furniture/Appliances$25,041$28,011$31,204$34,713$36,613$41,678$43,447Specialty$91,816$102,706$114,414$127,280$134,246$152,820$159,306Subtotal$258,754$289,445$322,439$358,698$378,329$430,675$448,954Convenience Goods:Food (Supermarkets/Liquor)$203,272$227,382$253,301$281,786$297,207$338,329$352,688Eating and Drinking$75,122$84,032$93,611$104,138$109,838$125,035$130,341Subtotal$278,394$311,414$346,912$385,924$407,045$463,364$483,030Heavy Commercial Goods:Building/ Hardware/ Farm$98,199$109,846$122,368$136,128$143,578$163,444$170,381Service Stations$83,469$93,369$104,012$115,709$122,042$138,928$144,824Subtotal$181,668$203,216$226,380$251,837$265,620$302,372$315,205 Total$718,816$804,075$895,731$996,459$1,050,994$1,196,411$1,247,188Source: TNDG Table B-14Potential Capture of Sales from SMAWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$12,639$13,188$16,827$18,378$19,252$21,853$22,744General Merchandise$41,076$42,860$54,687$59,730$62,570$71,022$73,918Furniture/Appliances$9,479$9,891$12,620$13,784$14,439$16,390$17,058Specialty$34,757$36,266$46,274$50,540$52,944$60,095$62,546Subtotal$97,950$102,204$130,409$142,432$149,206$169,359$176,267Convenience Goods:Food (Supermarkets/Liquor)$36,336$37,914$55,288$60,386$63,258$71,802$74,731Eating and Drinking$14,219$14,836$21,635$23,629$24,753$28,097$29,242Subtotal$50,555$52,750$76,923$84,015$88,011$99,899$103,973Heavy Commercial Goods:Building/ Hardware/ Farm$5,266$5,495$12,019$13,127$13,752$15,609$16,246Service Stations$2,633$2,747$6,010$6,564$6,876$7,805$8,123Subtotal$7,899$8,242$18,029$19,691$20,628$23,414$24,369 Total$156,404$163,196$225,360$246,139$257,845$292,672$304,608Source: TNDG Table B-15Potential Capture of Sales from RMA-NWWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$209$309$527$593$628$728$740General Merchandise$681$1,005$1,714$1,927$2,042$2,366$2,405Furniture/Appliances$157$232$395$445$471$546$555Specialty$576$851$1,450$1,631$1,728$2,002$2,035Subtotal$1,623$2,397$4,086$4,596$4,870$5,643$5,736Convenience Goods:Food (Supermarkets/Liquor)$602$889$2,021$2,273$2,409$2,791$2,837Eating and Drinking$236$348$791$890$943$1,092$1,110Subtotal$838$1,237$2,812$3,163$3,352$3,883$3,947Heavy Commercial Goods:Building/ Hardware/ Farm$262$387$879$988$1,047$1,213$1,234Service Stations$267$394$747$840$890$1,031$1,049Subtotal$529$781$1,626$1,829$1,938$2,245$2,282 Total$2,990$4,415$8,524$9,587$10,160$11,771$11,966Source: TNDG Table B-16Potential Capture of Sales from RMA-WWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$513$516$797$824$838$897$922General Merchandise$1,667$1,678$2,589$2,677$2,723$2,914$2,997Furniture/Appliances$385$387$597$618$628$672$692Specialty$1,410$1,420$2,191$2,265$2,304$2,466$2,536Subtotal$3,975$4,002$6,174$6,382$6,493$6,949$7,146Convenience Goods:Food (Supermarkets/Liquor)$1,475$1,485$2,290$2,368$2,409$2,578$2,651Eating and Drinking$577$581$896$926$942$1,009$1,037Subtotal$2,052$2,066$3,186$3,294$3,351$3,587$3,688Heavy Commercial Goods:Building/ Hardware/ Farm$641$645$1,328$1,373$1,396$1,494$1,537Service Stations$327$329$564$583$593$635$653Subtotal$968$975$1,892$1,956$1,990$2,130$2,190 Total$6,995$7,042$11,252$11,633$11,833$12,665$13,023Source: TNDG Table B-17Potential Capture of Sales from Combined Market AreasWest Ming Regional Trade AreaIn Thousands of 2006 DollarsRetail Category2006201020142018202020262028Shopper Goods:Apparel$46,749$51,361$59,756$66,079$69,535$79,049$82,336General Merchandise$151,933$166,923$194,206$214,755$225,990$256,908$267,591Furniture/Appliances$35,062$38,521$44,817$49,559$52,151$59,286$61,752Specialty$128,559$141,243$164,328$181,716$191,222$217,384$226,423Subtotal$362,302$398,048$463,107$512,109$538,898$612,627$638,102Convenience Goods:Food (Supermarkets/Liquor)$241,685$267,670$312,901$346,813$365,283$415,500$432,907Eating and Drinking$90,153$99,797$116,933$129,583$136,476$155,232$161,731Subtotal$331,838$367,467$429,834$476,396$501,759$570,733$594,638Heavy Commercial Goods:Building/ Hardware/ Farm$104,368$116,373$136,593$151,617$159,774$181,761$189,397Service Stations$86,696$96,840$111,333$123,696$130,401$148,399$154,648Subtotal$191,064$213,214$247,927$275,313$290,175$330,160$344,045 Total$885,204$978,729$1,140,867$1,263,818$1,330,832$1,513,519$1,576,785Source: TNDG Table B-18Sales Per Square Foot StandardsWest Ming Regional Trade AreaExpressed in Sales/Square FeetRetail CategorySales/Square FeetShopper Goods:Apparel$250General Merchandise$300Furniture/Appliances$250Specialty/Other$250Food$400Eating/Drinking$250Building/Hardware/Garden$250Services Space @ 10% of RetailN/AAllowance for standard vacancy @ 5%GRAND TOTALSource: TNDG Table B-19Potential Supportable Square Feet of Retail DevelopmentWest Ming Regional Trade Area - PMARetail Category 2006 2010 2014 2018 2020 2026 2028 Shopper Goods:Apparel 186,995 205,444 239,023 264,314 278,141 316,194 329,343 General Merchandise 506,444 556,411 647,354 715,851 753,299 856,360 891,971 Furniture/Appliances 140,246 154,083 179,267 198,236 208,606 237,146 247,007 Specialty 514,235 564,971 657,313 726,864 764,888 869,535 905,693 Subtotal 1,347,9201,480,9091,722,9571,905,2652,004,9342,279,2342,374,014 Convenience Goods:Food (Supermarkets/Liquor) 604,212 669,175 782,252 867,031 913,2071,038,7511,082,268 Eating and Drinking 360,613 399,189 467,732 518,334 545,903 620,929 646,925 Subtotal 964,8251,068,3641,249,9831,385,3651,459,1101,659,6801,729,193 Heavy Commercial Goods:Building/ Hardware/ Farm 417,472 465,493 546,373 606,467 639,095 727,045 757,588 Service Stations N/A N/A N/A N/A N/A N/A N/A Subtotal 417,472 465,493 546,373 606,467 639,095 727,045 757,588 Services Space @ 10% of Retail 273,022 301,477 351,931 389,710 410,314 466,596 486,079 Allowance for standard vacancy @ 5% 158,065 174,539 203,750 225,621 237,550 270,134 281,414 GRAND TOTAL 3,161,3043,490,7824,074,9954,512,4284,751,0045,402,6905,628,288 Source: TNDG Table B-20Existing Square Feet of Retail DevelopmentWest Ming Regional Trade Area - PMARetail Category2006Shopper Goods:Apparel155,163 General Merchandise345,370 Furniture/Appliances49,244 Specialty306,018 Subtotal855,795Convenience Goods:Food (Supermarkets/Liquor)451,392 Eating and Drinking346,847 Subtotal798,239Heavy Commercial Goods:Building/ Hardware/ Farm241,233Service StationsN/ASubtotal241,233Services Space256,015Vacant32,364GRAND TOTAL2,183,646Source: TNDG Table B-21Supportable Square Feet of NEW Retail SpaceWest Ming Regional Trade Area - PMARetail Category2006201020142018202020262028Shopper Goods:Apparel31,83250,28183,860109,151122,978161,031174,180General Merchandise161,074211,041301,984370,481407,929510,990546,601Furniture/Appliances91,002104,839130,023148,992159,362187,902197,763Specialty208,217258,953351,295420,846458,870563,516599,675Subtotal492,125625,114867,1621,049,4701,149,1391,423,4391,518,219Convenience Goods:Food (Supermarkets/Liquor)152,820217,783330,860415,640461,816587,360630,876Eating and Drinking13,76652,342120,885171,487199,056274,082300,078Subtotal166,587270,126451,745587,127660,872861,441930,954Heavy Commercial Goods:Building/ Hardware/ Farm176,239224,260305,140365,234397,862485,812516,355Service StationsN/AN/AN/AN/AN/AN/AN/ASubtotal176,239224,260305,140365,234397,862485,812516,355Services Space @ 10% of Retail17,00745,46295,916133,695154,299210,581230,064Allowance for standard vacancy @ 5%125,701142,175171,386193,257205,186237,770249,050GRAND TOTAL977,6581,307,1361,891,3492,328,7832,567,3583,219,0443,444,642 APPENDIX C: INVENTORY OF EXISTING RETAIL STORES IN WEST MING REGIONAL TRADE AREA PRIMARY MARKET AREA Table C-1 INVENTORY OF RETAIL TENANTS AND SQUARE FEET OF BUILDING SPACE WEST MING RETAIL TRADE AREA SQUARERETAIL BUSINESSADDRESSFEETCATEGORY Discount Liquor & Wine10??? Rosedale Hwy.4,897 F Los Hermanos10050 Rosedale Hwy.3,379 ED Elephant Bar10100 Stockdale Hwy.12,342 ED California Pizza Kitchen10150 Stockdale Hwy.9,966 ED Country Boy Drive-In10211 Rosedale Hwy.1,567 ED Spencer's10437 Rosedale Hwy9,599 ED Ace Hardware10511 Rosedale Hwy.21,451 BHG Rosedale Pool & Spa Supply10515 Rosedale Hwy.4,995 S Dianna's Fine Lines10519 Rosedale Hwy.1,110 SVC Steve's Pizza10521 Rosedale Hwy.3,330 ED Code 3 Embroidery10530 Rosedale Hwy. #1955 SVC Code 3 Uniforms10530 Rosedale Hwy. #2955 A Lone Oak Flowers10530 Rosedale Hwy. #31,175 S Tangles Salon10530 Rosedale Hwy. #41,175 SVC Sneedos Cleaners10530 Rosedale Hwy. #51,175 SVC Affordable Framing10530 Rosedale Hwy. #61,175 S A+ Nutrition Foods10530 Rosedale Hwy. #71,714 S Lucky 710530 Rosedale Hwy. #82,914 F Cue Ball10575 Rosedale Hwy.3,330 ED Pappy's Coffee Shop10595 Rosedale Hwy.3,330 ED Rosedale Vet10611 Rosedale Hwy.3,330 SVC Mauricio's10700 Rosedale Hwy.13,713 ED A+Pak Rats10711 Rosedale Hwy.3,330 FA Fitness Connexion10717 Rosedale Hwy.4,440 SVC Greenacres Liquor10725 Rosedale Hwy. #A1,861 F American Barber Shop10725 Rosedale Hwy. #B1,077 SVC CarQuest Auto Parts10800 Rosedale Hwy.8,571 AD J&M Rosedale Cafe10805 Rosedale Hwy.3,330 ED Schweitzer's Pit Stop10807 Rosedale Hwy.2,359 ED Natural Touch10810 Rosedale Hwy.1,632 S SQUARERETAIL BUSINESSADDRESSFEETCATEGORY fastrip1200 Coffee Rd.3,379 GAS Fastrip12851 Rosedale Hwy.4,285 GAS Fastrip12851 Rosedale Hwy.N/AGAS 7 Eleven12916 Rosedale Hwy.3,608 F Citgo12916 Rosedale Hwy.N/AGAS Pedal Car Café1300 Coffee Rd.5,485 ED Supreme Bean13001 Stockdale Hwy.N/AED Mobil13001 Stockdale Hwy.3,330 GAS Mobil13001 Stockdale Hwy.N/AGAS American Deli & Liquor13001 Stockdale Hwy. #A5,942 F Suzette's Cleaners13001 Stockdale Hwy. #B1,371 SVC Salotto Hair Design13001 Stockdale Hwy. #C1,371 SVC El Patio13001 Stockdale Hwy. #D4,342 ED Plumberry's13001 Stockdale Hwy. #E5,028 ED McDonalds13003 Rosedale Hwy.5,550 ED Chevron13003 Rosedale Hwy.N/AGAS Sonic13015 Stockdale Hwy.2,351 ED Albertson's13045 Rosedale Hwy.75,111 F State Farm13061 Rosedale Hwy. #A2,204 SVC Bryce White Dentistry13061 Rosedale Hwy. #B1,714 SVC Fantastic Sams13061 Rosedale Hwy. #C1,959 SVC Today Cleaners13061 Rosedale Hwy. #D3,183 SVC Club Tan13061 Rosedale Hwy. #E2,449 SVC The Musician's Store13061 Rosedale Hwy. #F1,469 S Post Net13061 Rosedale Hwy. #G1,959 S Pay Day Cash13061 Rosedale Hwy. #H1,959 SVC Fabious' Corner13061 Rosedale Hwy. #I2,449 ED Wonder Cigs13075 Rosedale Hwy. #A1,714 S Sprint13075 Rosedale Hwy. #B16,651 S Super Top Nails13075 Rosedale Hwy. #C2,694 SVC Papa Murphy's13075 Rosedale Hwy. #D5,877 ED Blockbuster13075 Rosedale Hwy. #E5,877 SVC Crosby's Market/Liquor14055 Rosedale Hwy.2,743 F Grandview Asian Cuisine2217 Ashe Rd.8,456 ED Rite Aid2646 Allen Rd.25,075 GM Los Hermanos3700 Gosford Rd. #A3,061 ED Kyle Carter3700 Gosford Rd. #C1,632 SVC Staffmark3700 Gosford Rd. #D1,632 SVC G2 Performance3700 Gosford Rd. #E5,714 SVC Sagepointe Cleaners3720 Gosford Rd. #A2,090 SVC Apollonia Dental3720 Gosford Rd. #C2,090 SVC Me 'n' Ed's Pizzeria3720 Gosford Rd. #F4,179 ED SQUARERETAIL BUSINESSADDRESSFEETCATEGORY Wing Stop3880 Gosford Rd. #1002,155 ED Iron Eye Care3880 Gosford Rd. #2001,796 S VACANT3880 Gosford Rd. #3001,616 V Shell4050 Gosford Rd.1,796 GAS Shell4050 Gosford Rd.N/AGAS Papa O's4200 Gosford Rd. #1018,162 ED State Farm4200 Gosford Rd. #1031,632 SVC Skin Deep Spa4200 Gosford Rd. #1051,632 SVC Holiday Cleaners4200 Gosford Rd. #1071,632 SVC Popeye's4360 Gosford Rd.3,551 ED Denny's4440 Gosford Rd.6,285 ED VACANT4500 Gosford Rd. #1018,097 V Sold it on Ebay4500 Gosford Rd. #1022,277 SVC VACANT4500 Gosford Rd. #1031,771 V VACANT4500 Gosford Rd. #1041,771 V VACANT4500 Gosford Rd. #1051,771 V VACANT4500 Gosford Rd. #1061,771 V VACANT4500 Gosford Rd. #1071,771 V VACANT4500 Gosford Rd. #1083,036 V Kragen4500 Gosford Rd. #1096,579 AD Amigos4600 Gosford Rd.9,926 ED Wendy's4650 Gosford Rd.4,285 ED Home Depot4700 Gosford Rd.142,614 BHG Jack in the Box4750 Gosford Rd.3,918 ED Walgreens4949 Gosford Rd.18,676 GM Panda Express5041 Gosford Rd. #F12,938 ED Radio shack5041 Gosford Rd. #F22,938 S VACANT5041 Gosford Rd. #F33,722 V Starbucks5041 Gosford Rd. #F42,938 ED Petco5151 Gosford Rd.19,263 S Kohls5253 Gosford Rd.85,252 A Sam's Club5625 Gosford Rd.167,934 GM Friar Tux600 Coffee Rd. #B3,265 A West Coast Cash600 Coffee Rd. #C1,632 SVC T-Mobile600 Coffee Rd. #D1,632 S Family Eye Health600 Coffee Rd. #E1,632 SVC State Farm600 Coffee Rd. #F1,632 SVC Don Hall Jewelers600 Coffee Rd. #G1,632 S Baby Sightings600 Coffee Rd. #H3,265 A Frugattis600 Coffee Rd. #M4,693 ED Nails Etc.600 Coffee Rd. #N1,632 SVC New City Cleaners600 Coffee Rd. #O1,632 SVC SQUARERETAIL BUSINESSADDRESSFEETCATEGORY Southwest Dental Care600 Coffee Rd. #P1,632 SVC Lou Ella's600 Coffee Rd. #Q1,632 A Clerico Chiropractic600 Coffee Rd. #R1,632 SVC Bra Shoppe600 Coffee Rd. #S1,632 A VACANT600 Coffee Rd. #T1,632 V Extreme Soccer600 Coffee Rd. #U3,265 S Finish Line600 Coffee Rd. #W5,518 S Food Maxx6300 White Ln.114,274 F Slender Lady6300 White Ln. #J1,502 SVC Kong's Kitchen6300 White Ln. #K1,502 ED Comfort Nails6300 White Ln. #L1,502 SVC Hair Effects6300 White Ln. #M1,502 SVC Nextel6300 White Ln. #N1,690 S Pizza Hut6300 White Ln. #O1,690 ED Javi's Super Tortas6300 White Ln. #P1,502 ED VACANT6300 White Ln. #Q1,502 V Scrub Club6300 White Ln. #R1,690 A T-Shirt Outlet6300 White Ln. #S9,158 A Real Estate Notary6300 White Ln. #T1,690 SVC Illusions Salon6300 White Ln. #W1,690 SVC CFC Home Mortgage6300 White Ln. #X1,690 SVC Affordable Cleaners6300 White Ln. #Y3,379 SVC Lorene's6401 Ming Ave.6,195 ED Sagepointe Dental6405 Ming Ave.3,469 SVC Orthodontics6409 Ming Ave.2,653 SVC Magoos Pizza6417 Ming Ave.4,693 ED Grocery Outlet6421 Ming Ave.25,091 F Shear West Salon6423 Ming Ave.849 SVC Autoland6425 Ming Ave.849 SVC Sagepointe Cleaners6429 Ming Ave.1,379 SVC Savory Solutions6437 Ming Ave.2,547 ED VACANT6439 Ming Ave. #A1,167 V Sweet Surrender6439 Ming Ave. #B849 ED Strawberry Patches6439 Ming Ave. #C3,085 A Arco AMPM6450 White Ln.3,428 GAS Arco6450 White Ln.N/AGAS A&W6455 White Ln.6,073 ED Orchard6465 Ming Ave.70,344 BHG EZ Lube6541 White Ln.N/ASVC Meineke6541 White Ln. #MN/AAD Crossroads Car Wash6541 White Ln. #NN/ASVC America's Tire Co6561 White LaneN/AAD SQUARERETAIL BUSINESSADDRESSFEETCATEGORY High Voltage Car Audio6561 White Ln. #CN/AAD Auto Finishline6561 White Ln. #FN/ASVC 1 Stop Smog6561 White Ln. #HN/ASVC Chevron6601 Ming Ave.N/AGAS Chevron6601 Ming Ave.1,110 GAS Aamco6601 White LaneN/ASVC Auto Zone6615 Ming Ave.8,995 AD Wash 'n' Dry6621 Ming Ave.3,526 SVC Liquor King6629 Ming Ave.5,730 F Waterfall Cleaners6631 Ming Ave.3,608 SVC Sports & Spirits6633 Ming Ave.2,547 ED El Portal6641 Ming Ave.7,640 ED Smart Mortgage6645 Ming Ave.1,698 SVC Sabol Chiropractic6647 Ming Ave.2,122 SVC Edward Jones6649 Ming Ave.1,698 SVC School Works6655 Ming Ave.7,428 S Health & Rehabilitation6659 Ming Ave.2,122 SVC Asis Real Estate6661 Ming Ave.1,698 SVC Heavenly Dental6663 Ming Ave.2,122 SVC 3 Day Blinds6665 Ming Ave.1,698 FA Simply Salon6667 Ming Ave.1,698 SVC Rusty's Pizza Parlor6675 Ming Ave.7,836 ED Sonic6701 White Lane1,763 ED Lengthwise Brewing Company6720 White Lane7,754 ED Homes 'R' Us6721 White Lane4,506 SVC La Cabana6725 White Lane7,134 ED Burger Depot6801 White Lane1,175 ED The Patio Shoppe6801 White Lane #A111,101 FA Anchor Lighting6801 White Lane #B11,632 FA California Flooring6801 White Lane #B24,571 FA VACANT6901 White Ln.N/AV Big O Tires6911 White Ln.N/AAD Midas6919 White Ln.N/AAD E Zone7401 White Ln. #18,685 S Racer's Haven7401 White Ln. #1710,856 S Ames7401 White Ln. #26,824 BHG Korea Market Video7401 White Ln. #2510,856 SVC Assist 2 Sell7401 White Ln. #810,856 GM Tootsie's Salon7401 White Ln. #910,856 SVC Movie Gallery7691 White Ln.17,957 SVC Supreme Bean7695 White Ln.490 ED Martinizing7697 White Ln.1,306 SVC SQUARERETAIL BUSINESSADDRESSFEETCATEGORY B Ryders7701 White Ln. #A16,530 ED Spa World7701 White Ln. #A27,183 FA Casa Bella7701 White Ln. #A38,162 FA Body Xchange7701 White Ln. #A48,162 SVC Sorella7800 McNair Ln.6,318 ED West Coast Cash7800 White Ln. #A2,041 SVC Alfonso's7800 White Ln. #B2,041 ED Rollerama7850 Brimhall Rd.29,630 S Hope Christian Store7850 White Ln. #B3,428 S USA Yoghurt7850 White Ln. #C1,469 ED Foster's Donuts7850 White Ln. #D1,143 ED UPS Store7850 White Ln. #E1,143 SVC Kento's7850 White Ln. #F1,469 ED Pro Nails7850 White Ln. #G1,143 SVC Welcome to Precious Jewelry7850 White Ln. #H1,306 S Welcome to Glenna's7850 White Ln. #J1,306 S Today Cleaners7850 White Ln. #K1,959 SVC Taco Bell7880 White Ln.3,526 ED Dollar Tree7890 White Ln.13,713 GM Albertson's7900 White Ln.51,995 F McDonalds7901 White Ln.5,999 ED Italienne7950 White Ln. #A1,224 SVC Port of Subs7950 White Ln. #B979 ED Quick Cash7950 White Ln. #C1,102 SVC Club Tan7950 White Ln. #D979 SVC Alpha Omega7950 White Ln. #E1,102 SVC Chevron7951 White Ln.N/AGAS Burger King7990 White Ln.5,485 ED Wells Fargo8000 White Ln. #A1,469 SVC Fastrip8001 White Ln.6,391 GAS Fastrip8001 White Ln.N/AGAS Rite Aid8020 White Ln.25,589 GM H&R Block8040 White Ln. #A1,959 SVC Italienne Day Spa8040 White Ln. #C979 SVC Little Caesar's8040 White Ln. #D857 ED House of Smoke8040 White Ln. #E857 S Beauty Supply8040 White Ln. #F1,102 S Upper Cut8040 White Ln. #G1,102 SVC El Pollo Loco8200 Stockdale Hwy #J3,657 ED Bagels & Blenderz8200 Stockdale Hwy #K13,885 ED Town & Country Chiropractic8200 Stockdale Hwy #K32,653 SVC Crisp & Cole8200 Stockdale Hwy #K41,796 SVC SQUARERETAIL BUSINESSADDRESSFEETCATEGORY Burger King8200 Stockdale Hwy #L4,114 ED Prime Cut8200 Stockdale Hwy #M12,547 ED UPS Store8200 Stockdale Hwy #M101,837 S Today Cleaners8200 Stockdale Hwy #M111,975 SVC Ivy's Yogurt8200 Stockdale Hwy #M22,204 ED State Farm8200 Stockdale Hwy #M31,763 SVC Glitz Salon8200 Stockdale Hwy #M41,763 SVC Wells Fargo8200 Stockdale Hwy #M53,967 SVC Little Italy8200 Stockdale Hwy #M65,510 ED Dedicated Dental8200 Stockdale Hwy #M93,469 SVC Los Hermanos8200 Stockdale Hwy #N2,694 ED Starbucks8200 Stockdale Hwy. #A12,228 ED H&R Block8200 Stockdale Hwy. #A21,714 SVC Subway8200 Stockdale Hwy. #A32,400 ED Central Valley Physical8200 Stockdale Hwy. #B12,604 SVC Mona Lisa's8200 Stockdale Hwy. #B21,657 FA World Records8200 Stockdale Hwy. #B34,261 S Martinizing8200 Stockdale Hwy. #B42,130 SVC Action Sports8200 Stockdale Hwy. #C216,194 S Trader Joe's8200 Stockdale Hwy. #C2114,170 F Concept Elite Salon8200 Stockdale Hwy. #D12,865 SVC Verizon8200 Stockdale Hwy. #D22,865 S Leslie's8200 Stockdale Hwy. #D35,730 S Oreck8200 Stockdale Hwy. #D53,085 FA Havana House8200 Stockdale Hwy. #D62,865 S Whellers Fitness Equipment8200 Stockdale Hwy. #D71,983 S Knights Jewelers8200 Stockdale Hwy. #D81,983 S Albertson's8200 Stockdale Hwy. #E52,305 F Bobbi's Hallmark8200 Stockdale Hwy. #F39,917 S Long's Drugs8200 Stockdale Hwy. #G38,968 GM Garden District Flowers8200 Stockdale Hwy. #H12,204 S Miyoshi8200 Stockdale Hwy. #H1A2,865 ED Planet Dance8200 Stockdale Hwy. #H21,543 A Cloud Travel8200 Stockdale Hwy. #H31,983 SVC Euro Tan8200 Stockdale Hwy. #H41,543 SVC Vons9000 Ming Ave.90,750 F Edwards Cinemas9000 Ming Ave. 76,596 S Tahoe Joe's9000 Ming Ave. #10,628 ED Rite Aid9000 Ming Ave. #A23,794 GM State Farm9000 Ming Ave. #B21,698 SVC Cingular Wireless9000 Ming Ave. #B31,486 S Super Cuts9000 Ming Ave. #B41,698 SVC SQUARERETAIL BUSINESSADDRESSFEETCATEGORY The Beach House9000 Ming Ave. #B52,971 A Anna's Cards & Gifts9000 Ming Ave. #D14,130 S Today Cleaners9000 Ming Ave. #D42,253 SVC Mainland Skate & Surf9000 Ming Ave. #E13,379 A Baskin Robbins9000 Ming Ave. #E32,441 ED Wasabi Express9000 Ming Ave. #E41,061 ED The Cutting Edge Salon9000 Ming Ave. #E5637 SVC Me 'n' Ed's Pizzeria9000 Ming Ave. #F1849 ED China Bistro9000 Ming Ave. #F21,698 ED Que Pasa9000 Ming Ave. #F52,351 ED Johnny Rockets9000 Ming Ave. #H11,249 ED Coldstone Creamery9000 Ming Ave. #H21,102 ED VACANT9000 Ming Ave. #H31,102 V Treasures from the Heart9000 Ming Ave. #H41,102 S Robson Eilers9000 Ming Ave. #H51,102 S Kayzie's Collection9000 Ming Ave. #H61,102 A Stride Rite9000 Ming Ave. #H71,102 A ProShop Golf & Tennis9000 Ming Ave. #I15,273 S Color Me Mine9000 Ming Ave. #I23,102 S Chicos9000 Ming Ave. #I34,342 A Russo's9000 Ming Ave. #I49,305 S Thomasville9000 Ming Ave. #J114,268 S Jenny Craig9000 Ming Ave. #K17,714 SVC Patrick James9000 Ming Ave. #K103,951 A Mama Tosca's9000 Ming Ave. #K34,163 ED Victoria's Boutique9000 Ming Ave. #K42,694 A Good Feet9000 Ming Ave. #K52,694 A Bella9000 Ming Ave. #K62,449 A Essentials9000 Ming Ave. #K72,694 SVC Paradise9000 Ming Ave. #K82,694 A Olcotts9000 Ming Ave. #L16,824 FA Fritch Eye Care9000 Ming Ave. #L24,310 S Castle & Cooke9000 Ming Ave. #L31,616 SVC Tolbots9000 Ming Ave. #L410,742 A HFC9000 Ming Ave. #L53,657 SVC DHM9000 Ming Ave. #L63,428 SVC Applebee's9000 Ming Ave. #M7,509 ED Blockbuster9000 Ming Ave. #N6,759 SVC Starbucks9000 Ming Ave. #O12,122 ED Baja Fresh9000 Ming Ave. #O24,163 ED Jamba Juice9000 Ming Ave. #O51,959 ED Togos9000 Ming Ave. #O51,959 ED SQUARERETAIL BUSINESSADDRESSFEETCATEGORY Carl's Jr.9000 Ming Ave. #Q4,049 ED 7-119600 Brimhall Rd.4,114 GAS Citgo9600 Brimhall Rd.N/AGAS EZ Lube9700 Rosedale Hwy.N/ASVC San Joaquin Safety Shoes9910 Rosedale Hwy. #A3,412 A Beasley Home Inspection9910 Rosedale Hwy. #B1898 SVC Allstate9910 Rosedale Hwy. #B21,257 SVC Spoiled Rotten9910 Rosedale Hwy. #C2,155 A Hidden Corner Café9910 Rosedale Hwy. #D686 ED Trophy Shack9910 Rosedale Hwy. #E686 S Country Rose Beauty Salon9910 Rosedale Hwy. #F1,224 SVC His Place Barber Shop9910 Rosedale Hwy. #G1,224 SVC Bar9910 Rosedale Hwy. #H612 ED Casa Mexico9910 Rosedale Hwy. #I1,959 ED Source: TNDG 5-MILE Notes:SFPercent A = Apparel155,163 7.1% GM = General Merchandise345,370 15.8% FA = Furniture/Appliances49,244 2.3% S = Specialty306,018 14.0% F = Food (Supermarkets/Liquor)451,392 20.7% ED = Eating and Drinking346,847 15.9% BHG = Building/Hardware/Garden241,233 11.0% AD = Auto Dealers and PartsN/AN/A SVC = Service Business256,015 11.7% GAS = Gas/Service StationN/AN/A V = Vacant32,364 1.5% TOTAL2,183,646100.0% Table C-2 Shopping Centers in West Ming Retail Trade Area Map Key Shopping Center NameAddressType Square FeetAnchors 1The Plaza at Riverlakes9530-9680 Hageman Bakersfield, CA Community117,134 Save-Mart, Walgreens 2Riverlakes Village4400-4560 Coffee Rd Bakersfield, CA Community119,226 Vons, Long's Drugs 3Rosedale Village Shopping Center 2665 Calloway Dr Bakersfield, CA Community217,026 Smart & Final (opening soon) 4Northwest Promenade8300-9400 Rosedale Hwy Bakersfield, CA Regional990,000 Best Buy, Cost Plus, Home Depot, Kohl's, Linens N' Things, Office Depot, Walmart, Petco, Foods Co., Target, Ross, Babies 'R Us, Michaels 5Bakersfield Plaza4200 California Ave Bakersfield, CA Community213,164 Long's Drugs; Vons (vacant) 6Town & Country Village8200 Stockdale Hwy Bakersfield, CA Community173,773 Albertson's, Trader Joe's, Long's Drugs, Action Sports 7Stockdale Village5510 Stockdale Hwy Bakersfield, CA Community184,694 Office Depot, Vons, Long's Drugs 8The Marketplace9000 Ming Ave Bakersfield, CA Community299,000 Vons, Edwards Theater 9Best Plaza Shopping Center 4400 Ming Ave Bakersfield, CA Community132,469 Dollar Tree, Food 4 Less, Party Works, Walgreens 10Builders Square4001-4151 Ming Ave Bakersfield, CA Community152,000 Aaron Rents, PetsMART 11Ming Plaza3759 Ming Ave Bakersfield, CA n/an/aRoss, Office Max 12Kmart Shopping Center3516-3600 Wilson Bakersfield, CA Community124,000 Kmart, Ready Go Market 13Stockdale Town Center3400-3500 Stine Rd Bakersfield, CA Community165,000 Vons, Long's Drugs 14Village at the Oaks7900 White Ln Bakersfield, CA Community125,905 Albertson's 15Stine-White Towne Center4800 White Ln Bakersfield, CA Community110,000 Carl's Jr. 16Unnamed5151-5625 Gosford Rd Bakersfield, CA Communityn/aKohl's, Petco, Sam's Club Source: Shopping Center Directory, Trade Dimensions Int'l; TNDG Shopping Centers in West Ming Retail Trade Area (MAP)0 mi 2 4 6 8 Table C-3 Freestanding Retail Stores in West Ming Retail Trade Area Map KeyStoreAddress Market Area Estimated Square Feet AAlbertsons13045 Highway 58 Bakersfield, CA PMA 75,111 AAlbertsons6045 Coffee Rd Bakersfield, CA SMA 50,000 AAlbertsons3500 Panama Lane Bakersfield, CA SMA 50,000 AAlbertsons1044 Kern Srett Taft, CA RMA-W 50,000 BBed Bath & Beyond5000 Stockdale Highway Bakersfield, CA SMA 54,000 CCostco4900 Panama Lane Bakersfield, CA SMA 170,000 CCostco3800 Rosedale Highway Bakersfield, CA SMA 170,000 FFood Maxx6300 White Ln Bakersfield, CA PMA 114,274 HHome Depot4700 Gosford Road Bakersfield, CA PMA 142,614 KK-Mart301 Gardner Field Road Taft, CA SMA 90,000 LLowe's6200 Colony Street Bakersfield, CA SMA 125,000 LLowe's7825 Rosedale Highway Bakersfield, CA SMA 125,000 MT.J. Maxx3412 Ming Avenue Bakersfield, CA SMA 29,000 OOrchard6465 Ming Ave Bakersfield, CA PMA 70,344 TTarget1300 Wible Rd Bakersfield, CA SMA 123,000 TTarget3880 Zachary Rd Shafter, CA RMA-NW 123,000 VVons5360 Olive Dr Bakersfield, CA SMA 54,000 Source: TNDG; Retail Tenant Directory, Trade Dimenstions Int'l Freestanding Retail Stores in West Ming Retail Trade Area (MAP)0 mi 5 10 15 APPENDIX D: SUPPLEMENTAL CUMULATIVE PROJECTS LIST Table D-1Supplemental List of Cumulative ProjectsWest Ming Regional Trade AreaProject / ApplicantLocationMarket Area*NotesOld River Ranch West of Old River Road, South of Panama Lane, North of Taft Highway. PMA Zoning recently approved; not site plans for retaildevelopment filed Judkins/Quad-Progress SWC of Panama Ln. and Gosford Rd.PMAN/A Antongiovanni TrustSWC of Panama Ln and Ashe Rd.PMANo commercial components known at this timeBianchiNEC of Buena Vista Rd. and Taft HighwayPMANo commercial components known at this timeMcAllister Ranch North of Panama Lane, East of Allen Road, West of Nord Road, South of SPRR PMANo commercial components known at this time OMAX, LLC NWC of Taft Highway and Gosford Rd.SMA - Metro SWN/A Bakersfield Sports Village Northside of Taft Highway between Gosford Rd. and Ashe Rd. SMA - Metro SWNo commercial components known at this timeSmithtechSEC of McCutchen Rd and Ashe Rd.SMA - Metro SWNo commercial components known at this timeFlying Seven VenturesSouthwest BakersfieldSMA - Metro SWNo commercial components known at this timeGatewaySouthwest BakersfieldSMA - Metro SWNo commercial components known at this timeMinaberriNEC of Engle Rd. and Ashe Rd.SMA - Metro SWNo commercial components known at this timeRosedale RanchKratzmeyer Rd and Santa Fe WaySMA - Metro N.O.R. Subject of current litigation; no retail uses currently being processed Source: City of Bakersfield, Planning Department, County of Bakersfield, Planning Department; TNDGNotes:*Individual sub-markets of West Ming Regional Trade Area