New Park Market Place

Montgomery, Alabama

NEW PARK MARKET PLACE IS A 52,000 SF NEIGHBORHOOD CENTER PROJECTED TO OPEN IN FALL 2018 WITHIN NEW PARK, A RESIDENTIAL DEVELOPMENT IN ONE OF THE FASTEST GROWING AREAS OF MONTGOMERY, ALABAMA. THE CENTER WILL OFFER A GROCERY STORE, SHOP SPACE AND OUTPARCELS.

Highlights

Cross Streets:  Ray Thorington Road and Park Crossing

Interstate Access: Interstate 85

Market: Montgomery, AL

Type of Center:  52,000 sf neighborhood center located in New Park offering a grocery store, shop space and outparcels

The Development:  New Park is a master-planned community in the River Region.  With gorgeous landscaping and sparkling lakes, New Park is conveniently located near numerous restaurants, attractions and shopping centers.  Montgomery’s newest elementary school and YMCA fitness facility are located right in the middle of the neighborhood.  The state-of-the-art Park Crossing High School in Montgomery is within 1 mile.

Total Gross Leasable Area: 52,000 sf

Projected Opening: Fall 2018

Major Employers: Maxwell-Gunter Air Force Base, State of Alabama, Montgomery Public Schools, Baptist Health and Hyundai Motor Manufacturing

Market Information

  • The Montgomery MSA includes two of the fastest growing communities, and the next few years are projected to see 3,000 new homes constructed within the New Park Market Place area.
  • The New Park development is centrally located in an area that is the focal point of dramatic growth in the Montgomery MSA.
  • The metropolitan area, comprised of Autauga, Elmore and Montgomery counties, has a population of more than 369,000.
  • Montgomery is home to Maxwell Air Force Base, Gunter Annex and Air University, the worldwide center for Air Force education.
  • Hyundai Motor Manufacturing Alabama is Hyundai’s first manufacturing plant in the United States and found its home in Montgomery, Alabama.
  • Within 5 miles, 83% of the households report average incomes in excess of $75,000.
  • Five (5) colleges and universities are located in the trade area.
  • Growth in residential developments near New Park is strong, with predominantly single family homes at prices starting in the mid $200,000’s.

Demographics

Demographics 5 Mi. Radius 10 Mi. Radius 20 Mi. Radius 20 Min. Drive Time 30 Min. Drive Time 60 Min. Drive Time
2015 Estimated Population 89,704 205,707 323,011 323,011 384,196 775,384
2020 Projected Population 90,785 202,808 320,900 320,900 381,167 779,505
2015 Average Household Income $74,287 $62,572 $62,504 $62,504 $62,054 $57,055
2015 Households 36,775 81,446 123,654 123,654 147,393 303,032

Location

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