BANK OF ITALY BUILDING [ Downtown Merced, CA ]
Located on Downtown Merced's 100% block, Main Street and Canal Street and K Street, Mainplace is surrounded by Downtown Merced’s Central Business District Office and Retail uses, including Merced County’s Administrative Offices and Courthouse, Merced City Hall, Federal Building (including a post office and the offices of the local congressmen) and Merced County Board of Realtors.
Merced is noted for its rapid growth, strong record of public safety, its public facilities, and its favorable demographics and retail sales growth. In fact, per capita retail sales in Merced exceed those of neighboring Modesto and Fresno. Merced is home to one of the newest University of California campus's. Classes on the new campus will commence in 2005 with a total enrollment estimated at 25,000 students.
Surrounded by the communities of Atwater, Livingston, Los Banos, Chowchilla, and Mariposa, the Project serves one of the best trade areas in the Central Valley. The City of Merced, with approximately 1/3 of the +200,000 population of Merced County, generates over 50% of the taxable retail sales in the County, with Downtown Merced accounting for over 40% of that total. In addition to being frequented by local residents, Downtown Merced is a regular destination for shoppers from Atwater, Los Banos, Chowchilla, Mariposa and other smaller communities. Sales of national retailers in Merced typically exceed industry averages, and such stores frequently perform above the chain average. Additionally, Merced is the 19th fastest growing market area in the nation (13% annually). Merced is also projected to have the 2nd fastest income growth in the nation over the next 10 years. 1996 Projected Purchasing Power in Merced is $2,817,413, or $44,449 per household.
The 99 and 59 Freeway intersects the Downtown Merced providing easy freeway access for shoppers from neighboring communities. With substantial frontage on 16th Street and Main Street the Project is easily accessed from the 99 & 59 Freeways. G Street and R Street intersect Main and 16th Streets to provide easy access from Merced’s residential communities. Additionally, 16th Street serves as the business route for the 99 Freeway.
On-site surface parking. In addition, approximately 1,400 parking spaces in the Downtown Parking District. The parking is free to customers on a non-exclusive first come first serve basis.
Contact Tolkin Group