Gulfstream Plaza aims to develop 21 acres of land near I-10 and I-110 in Mississippi into a retail destination. The area was damaged by Hurricane Katrina and is underserved. The first tenant, an ocean expo and aquarium, broke ground in 2011. Gulfstream hopes to attract more businesses like hotels, restaurants, and stores to serve over 300,000 people and 15 million annual tourists. The property has prime access near military and shipbuilding facilities and a planned highway expansion. Gulfstream will offer pad sites for sale, lease, or build to suit for standalone businesses.
1. Supplying DEMAND
On the MS Gulf Coast
EXECUTIVE SUMMARY
This is a confidential document that contains proprietary information, and
forward-looking projections. This holder is not authorized to reproduce/
distribute document without expressed permission from GS, Contents
hereof do not constitute an investment offering or guarantee of earnings.
2. Executive Summary
P artners of Gulfstream Plaza aim to create a dynamic destination that free standing businesses
can flock to in a setting more accessable than possibly any other location ever on the Mississippi
Gulf Coast. The property is made up of 21 acres at the southwest corner of I-10 and I-110, where
more than 270,000 cars pass by each day. The surrounding market population of more than
380,000 has been underserved by retail since the devastation of Hurricane Katrina in 2005. The
first tenant, The Ocean Expo and Learning Aquarium, broke ground in the mid part of August,
2011. The intent is to develop the remaining 12 acres that could consist of hotels, restaurants,
banking, convenient stores and other retail services that are conducive to the level of
development surrounding the area.
Aerial View of
I-10 & I-110
Corridor.
Snapshot
15,000,000 tourists travel to the Mississippi Gulf Coast annually in search of riches and fishes.
The gaming industry alone produces nearly $1 billion annually. Of the 15,000,000 tourists
traveling to the coast every year, the typical stay time for the visitors is usually 2.1 days. By
offering a higher hospitality product such as a Marriot Fairfield, Hyatt Place, or Cambria Suites
living environment in a retail corridor with top of the line recreational amenities, Gulfstream
anticipates attracting the complete family in for a longer period of time.
3. The Marketplace
Location, location, location… Three elusive words that can make or break any business model.
The Mississippi Gulf Coast is an area that prior to Hurricane Katrina was the third biggest
gaming town in the United States. An area that lost nearly 40% of its entire hospitality inventory,
the Gulf Coast region has been committed to rebuilding bigger and more effectively. The site is
situated at the hard corner of two major interstates, Interstate 10 and Interstate 110. The
crossroads of the two are producing over 270,000 vehicles per day. The Coast Totality site is on
the Southwestern quadrant sitting 32’ above sea level.
Keelser Air Force Base, located off Beach Blvd (US 90), trains 40,000 students annually and is
home to Keesler Medical Center, second largest Air Force medical facility in the U.S. Keesler is
the single largest employer in the area and its economic impact on the MS Gulf Coast is over
$1.1 billion annually. Northrop Grumman Shipbuilding is another top employer. This
manufacturing facility employs 12,300 people. The Naval Construction Battalion Center, another
military facility, employs 7,000.
Economic indicators show the employees of these groups would help to fuel Monday thru
Thursday traffic.
Anchor Tenant Breaking Ground
Dr. Moby Solangi, the director of the Institute for Marine Mammal Studies, is developing The
Ocean Expo and Learning Aquarium, a $75mm recreational destination. The project broke
ground in August, 2011. The aquarium has a footprint of 8.5 acres that will be situated on the
easternmost parcel of Gulfstream Plaza. This world class project will include an area where
Schematic Design of Aquarium by David Hardy
with Eley Guild Hardy Architects out of Biloxi.
4. visitors have a chance to swim and interact with highly trained dolphins and have lunch in a
butterfly atrium. The facility will also house a world class research facility dedicated to marine
mammal research and development. The project will also be a frontier for salt water transport.
For animals to be able to interact in an ecosystem similar to their natural environment the
microorganisms in the water must be identical to that of their natural habitat. Solangi will be
creating an infrastructure system that pumps water from the Biloxi Bay to the interstate.
The Infrastructure
In 2001, Mississippi Department of Transportation conducted a 25 year study of the transit
systems in the immediate area. Due to high traffic volume MDOT has initiated a $280mm transit
system addition and reconfiguration. Since the study, MDOT has already acquired nearly 100%
of the right of ways for this expansion. Phase 1 kicked of early March, 2011. This expansion will
include the state's first Diverging Diamond Interchange. This high traffic interchange will be
built to constantly keep traffic flowing coming directly off the interstate. The diverging diamond
concept has only been utilized in maximum traffic areas around the country. Gulfstream Plaza is
conveniently situated between the diverging diamond interchange and The Ocean Expo and
Learning Aquarium. At Gulfstream, business owners will have the most premier access on the
Mississippi Gulf Coast.
Would be Subject
The Opportunity Property
The idea is to provide 1 to 4 acre pad sites
for freestanding banks, restaurants, and other
retail oriented tenants. The projected visitor
counts are around 2mm annually for the new
aquarium. Feasibility studies have stated that
300+ rooms are needed immediately;
Therefore two pads are being set aside
exclusively for lodging.
The options for business owners to be a part
of Gulfstream Plaza include:
Pads Sites available For Sale
Pad Sites available For Lease
Build to Suite
5. Site Plan
(Subject to Change)
Sea Expo
Available Options—
Could include the listed sites
and/or could conform exactly to
the space requirements needed.
7. At Gulfstream Plaza, we understand the economic environment at hand. We also understand that
we have a unique scenario that will ensure success for freestanding businesses building next to
the Ocean Expo. We want to make it easy for business owners to do business with us. Whether
that consists of create finance solutions or us bringing our development resources to the table to
help consummate the deal, we want to make it easy.
-Bob Mandal, Owner of Gulfstream Plaza
To learn more, please contact:
Charles Taylor Alan Weaver
The Foundation Group, LLC. Broker Advisor
13701 Boney Avenue
Suite A 228.365.7774 228.217.4644
D’Iberville, MS 39540 charles@thefoundationgroup.biz alan@thefoundationgroup.biz
228.365.7774 main
www.thefoundationgroup.biz