C a r i b b e a n p r o p e r t y G r o u p L L C SAN JUAN P u e r t o R i c o About Pa s e o C a r i b e Paseo Caribe is a one million square foot luxury mixed-use development featuring an unparalleled lifestyle retail shopping destination and the three most prestigious residential condominium towers in San Juan. Paseo Caribe is situated at the crossroads of Condado, Miramar, Old San Juan and the Puerto Rico Convention Center districts A stunning mixed-use lifestyle retreat, Paseo Caribe boasts approximately 100,000 square feet of retail, dining and entertainment space with breathtaking views of the ocean and San Juan A spectacular waterfront plaza - The gathering place in San Juan for residents, hotel guests and tourists to bask in unobscured ocean views and tropical ocean breezes which set the stage for an extraordinary dining and shopping experience unlike any other in Puerto Rico Extensive on-site parking options including a comprehensive valet program, and ample dedicated, secured and covered parking spaces ensure easy access to all elements of Paseo Caribe P r o j e c t L o cat i o n AVENIDA MUÑOZ RIVERA OLD SAN JUAN 38 Paseo Caribe is located approximately 2.5 miles from the center of the San Juan financial district, less than 5 minutes from the Convention District and Isla Grande Airport, and 15 minutes from the Isla Verde hotels and the Luis Munoz Marin International Airport CALLE SAN AQ USTIN PORT OF SAN JUAN Conveniently situated at the intersection of PR1, PR-25 and PR-26, visitors, shoppers and residents can easily make their way to the site through a multitude of transportation options including public transportation, vehicular, and pedestrian Daily traffic counts in excess of 54,400 vehicles. All traffic in and out of Old San Juan, San Juan’s key attraction, passes directly in front of Paseo Caribe Just minutes from major San Juan tourists hubs, the Convention Center, over 10,000 hotel rooms, and serving more than 4 million visitors yearly San Juan Bay Bahia de San Juan ISLA GRANDE AIRPORT Surrounded by Puerto Rico’s most affluent residential areas, including the upscale neighborhoods of Miramar and Condado, the Hato Rey “Golden Mile” financial district, and the Convention District ISLA GRANDE Geographically positioned to serve more than 2.5 million residents representing twothirds of Puerto Rico’s total population, Paseo Caribe is the gateway to an exceptional lifestyle experience MAPS©2013 SPIRECREATIVEGROUP.COM TERCER MILENIO PARK To O ld San Juan MU ÑO Z PO N AVEN ID CE D A FER RIV SIXTO ESCOBAR PARK ERA AVE EO N AVE EZ JU PUERTA DE TIERRA n To O ld S SUPREME COURT an 25R CARIBE HILTON FORT SAN GERÓNIMO Jua 25R NÂND Escambrôn Beach To Be ac To h Old Sa nJ ua MUÑOZ RIVIERA PARK EL A T L A N T I C O C E A N n NCO S 1 CONRAD BY HILTON dado n To Co RENNAISSANCE LA CONCHA CONDADO VANDERBILT HOTEL IDGE S BR MANO ER DOS H CLUB NÁUTICO To Miram Lag un a ar SAN JUAN BAY MARINA MARRIOTT STELLARIS RESORT To Is la Ca lle Bu lev ar Sa in tJ oh n En ter pis e SHERATON HOTEL HYATT PLACE PUERTO RICO CONVENTION CENTER NC ED EL EO Y DE NA VE 25 Calle A 35 recibo PO ORIO T ad CA S T RO EX PRES SW AY o E AV BAL D AS HF DOUBLETREE O R Co nd D Verde De l RADISSON AMBASSADOR PLAZA HOTEL 26 COURTYARD BY MARRIOTT To L MM 1 MIRAMAR Int ern ati on al A irp ort ISLA VERDE HOTELS RITZ CARLTON INTERCONTINENTAL EL SAN JUAN RESORT EMBASSY SUITES HAMPTON INN COURTYARD BY MARRIOTT VERDANZA HOTEL Market i n f o r mat i o n A t l a n t i c O c e a n QUEBRADILLAS DORADO BARCELONETA CATAÑO GUAYNABO AGUADILLA ISABELA MANATÍ ARECIBO CAMUY MOCA AGUADA VEGA BAJA HATILLO VEGA ALTA FLORIDA AÑASCO MOROVIS LARES CIALES UTUADO TRUJILLO ALTO COMERÍO AGUAS C BUENAS a r i b b e a n CIDRA SAN LORENZO CABO ROJO VILLALBA YAUCO PONCE GUAYANILLA LAJAS PATILLAS JUANA DÍAZ SANTA ISABEL GUÁNICA SALINAS 50,000 - 99,999 HUMACAO YABUCOA GUAYAMA C A R I B B E A N S E A Po p u lat ion Es t imat e s ( as o f July 1) - 2012 25,000 - 49, 999 LAS PIEDRAS MAUNABO ARROYO 100,000 - 210, 000 210,001 - 382,299 TRADE AREA e a TOTAL POPULATION 3,667,084 s 0 - 24,999 CEIBA NAGUABO CAYEY COAMO PEÑUELAS s e a JUNCOS CAGUAS BARRANQUITAS ADJUNTAS HORMIGUEROS SABANA GRANDE CANÓVANAS GURABO AIBONITO SAN GERMÁN O C E A N LUQUILLO FAJARDO NARANJITO JAYUYA RÍO GRANDE COROZAL OROCOVIS MARICAO A T L A N T I C CAROLINA BAYAMÓN LAS MARÍAS MAYAGÜEZ LOÍZA SAN JUAN TOA ALTA SAN SEBASTIÁN RINCÓN TOA BAJA R e ta i l C a b r i b e a n 33% of Puerto Rico’s Gross Personal Income is spent on retail purchases Puerto Rico has only 5 square feet of retail per capita versus 23 square feet in the Continental U.S., with an underserved luxury retail and dining market Most, if not all, of the U.S. retailers with a presence in Puerto Rico have their highest grossing units here Puerto Rico has an insufficient amount of designer retail units when compared to market demand L o c a l Market Demogra ph ics With a population of 3.9 million, Puerto Rico has one of the highest Gross Domestic Products in all of Latin America San Juan is the fourth most populated MSA in the U.S. In addition to its reported GDP of $92 Billion, Puerto Rico’s unreported “cash” economy is estimated as an additional 25%- 40% of reported GDP In 2010, tourists spent $3.6 billion in Puerto Rico; that number is projected to increase to $4.7 billion by 2015 Luxury car sales in Puerto Rico for households earning $100,000+ are more than twice the rate as in the U.S. The island’s homeownership level of over 70% is one of the highest in the world; only 39% of homeowners have mortgages T o u r i sm San Juan is the largest home based cruise port in the world hosting over 1.5 million cruise visitors per year. The port is a 5 minute drive from Paseo Caribe Puerto Rico has over 14,000 hotel rooms and a brand new world-class Convention Center (within a 5 minute walk from Paseo Caribe) The luxury market has seen the opening of a W Hotel in Vieques, a St. Regis in Bahia beach, and a Ritz Carlton Reserve in Dorado — only the second in the world — attracting the super luxury traveler to Puerto Rico Over 80% of 4 million tourists visiting Puerto Rico annually come from the U.S. and prefer Puerto Rico’s amenities over other Caribbean destinations Puerto Rico offers the safety and ease of traveling within the U.S. No passport is required for travel by U.S. citizens; the U.S. dollar is the currency of Puerto Rico Puerto Rico is an easy non-stop flight from all major market on the U.S. eastern seaboard F L OOR P L A N Ground Level Plan Retail 103 5,264 sf Retail 102 3,370 sf Retail 100 4,070 sf Retail 107 Retail Retail 1,668 sf Retail 104 111 2,175 sf 108 1,730 sf Retail 1,974 sf Retail 112 110 2,322 sf 1,594 sf Retail 140 4,606 sf Retail 138 3,256 sf Retail 118 3,221 sf Restaurant 120 8,193 sf Retail 134 Retail 1,239 sf 132 1,558 sf Retail 126 6,362 sf A T L A N T I C O C E A N Restaurant 122 8,257 sf Pon ce d e Le on A ve MAPS©2013 SPIRECREATIVEGROUP.COM F L OOR P L A N Second Level Plan Lease 107 Retail Retail Lease 104 1,668 Lease 111 Retail Retail sf 206 201 Restaurant 2,175 sf 1,730 sf 204 202 Lease 108 2,271 sf 4,668 sf 208 Lease 118 1,974 sf 2,211 sf 1,223 Leasesf 112 8,477 sf 3,221 sf Lease 110 2,322 sf 1,594 sf Lease 120 8,193 sf Lease 103 5,264 sf Retail 200 9,737 sf Lease 102 3,370 sf Lease 140 4,606 sf Lease 100 4,070 sf Pon ce d e Le on A ve MAPS©2013 SPIRECREATIVEGROUP.COM Retail 224 12,235 sf Lease 138 3,256 sf Retail 220 12,017 sf Lease 134 1,239 sf Lease 132 1,558 sf A T L A N T I C O C E A N Pa r k i n g Ga r a g e Floor Plans B1 P2 P6 P1 P3 P4 P7 P5 P8 Global Park Heredia, Costa Rica Hilton Papagayo Resort Guanacaste, Costa Rica PNDC Cataño, Puerto Rico 270 Munoz Rivera Avenue San Juan, Puerto Rico The Ritz-Carlton San Juan, Puerto Rico The Ritz-Carlton Reserve Dorado, Puerto Rico Costa Blanca Villas Costa Blanca, Panama Designed by Spire Creative Group Caribbean Property Group (CPG) is the premier investor in real estate in Puerto Rico, the Caribbean, and Central America. Since its founding in 1998, CPG has invested in $2.5 billion of commercial real estate acquisitions including 5.5 million square feet of shopping centers and enclosed malls (subsequently sold to DDR in 2005), 2.2 million square feet of industrial and warehouse space, 700,000 square feet of industrial free zone park in Costa Rica, and 9 hotels and resorts. CPG is also the dominant purchaser of distressed real estate debt in Puerto Rico, having purchased in excess of $2 billion of non-performing and sub-performing loans. CPG has demonstrated expertise in all aspects of commercial real estate including acquisitions and dispositions, finance, property management and operations, asset management, repositioning, turnaround and development. Contact Information Glenn Vogel Vice President - Retail Caribbean Property Group LLC 1114 Avenue of the Americas, 45th Floor New York, NY 11036 (p) 212.479.6769 (f) 212.479.6816 (c) 787.398.2533 glenn.vogel@cpgroup-pr.com Edward L. Stutz VP, Asset Management Caribbean Property Group LLC P.O. Box 338 Catano, PR 00963 (p) 787.788.1192 (c) 787.455.7147 edward.stutz@cpgroup-pr.com Michael Lefkowitz Caribbean Property Group LLC 1114 Avenue of the Americas, 45th Floor New York, NY 11036 (p) 212.479.6810 (f) 212.479.6816 michael.lefkowitz@cpgroup-pr.com