SOUTH LOS ANGELES STREET LOS ANGELES, CA brand new mixed-use development retail and restaurant space available

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1 SOUTH LOS ANGELES STREET LOS ANGELES, CA brand new mixed-use development retail and restaurant space available For more information, please contact: Gabe Kadosh Vice President Lic Colliers International A Project Developed by: AVA LITTLE TOKYO page 1

2 table of contents executive summary... 4 about the property... 6 site plans... 8 parking...10 block plan...11 market overview...12 page 2 AVA LITTLE TOKYO

3 executive summary AVA Little Tokyo AVA Little Tokyo is a brand-new mixed-use project consisting of approximately 20,000 square feet of ground-floor retail space with 280 luxury apartment homes above. The retail spaces have been designed to support various uses, including restaurants, with multiple grease interceptors, shafts for venting, and a Master conditional permit in place. The project will add hundreds of new residents to Little Tokyo and also activate and energize the sidewalks with new, hip and local retail and restaurants. AVA Little Tokyo will be one of the most important urban connection points between Little Tokyo and the Historic Core of Downtown Los Angeles, which are currently two separate districts. page 4 AVA LITTLE TOKYO AVA LITTLE TOKYO page 5

4 about the property property highlights AVA Little Tokyo is located on the southeast corner of 2nd Street and Los Angeles Street, with retail spaces located on both 2nd Street and Los Angeles Street. On 2nd Street, there is approximately 4,850 square feet of retail space. On Los Angeles Street, there are 2 buildings; one consisting of approximately 8,730 square feet and the other consisting of approximately 4,930 square feet. page 6 AVA LITTLE TOKYO Space Available: 1,400 feet-8,730 square feet; with a maximum of 8,730 square contiguous square feet Tenant Delivery Date: Now Use: Restaurant, Retail Price: $3.00-$3.75 NNN Master Conditional Use Permit is in place (CUP) authorizing the sale and dispensing for consideration a full-line of alcoholic beverages for on-site consumption in four restaurants and for on-site and/or off-site consumption in the fifth space which could be a restaurant, market and or specialty shop Multiple grease interceptors and shafts for venting Opportunity for off-site liquor sales Multiple patio spaces available and 4 end-cap spaces 79 retail/guest parking spaces within 2 structured garages Approximately 18 foot high ceilings 5-story building consisting of 280 luxury apartments directly above the retail and located in densely populated block with people from over 1,500 apartment units, condos, and numerous offices and retail spaces within walking distance AVA LITTLE TOKYO page 7

5 site plans retail space SUITE A3 2,613 SF SUITE A2 1,400 SF LEASED OUTDOOR PLAZA SEATING ANGELO S BARBERSHOP retail space OUTDOOR SEATING LEASED SEOUL SAUSAGE RETAIL TRASH PUBLIC PARKING page 8 AVA LITTLE TOKYO RETAIL TRASH SUITE C 1,833 SF SUITE E 1,761 SF RETAIL TRASH SUITE F 2,229 SF SUITE B 3,557 SF SUITE D 1,579 SF GARAGE ENTRY/EXIT PUBLIC PARKING GARAGE ENTRY/EXIT AVA LITTLE TOKYO page 9

6 site plans (con t) block plan WALKING MUSE parking IN PARK G E NT R A NC AVA LITTLE TOKYO BUILDING A SARES-REGIS MIXED-USE PROJECT: APARTMENTS 240 UNITS (not a part) E EQUITY RESIDENTIAL MIXED-USE PROJECT: SAKURA CROSSING 230 UNITS (not a part) 2.0 Property AVA LITTLE TOKYO BUILDING B LittLe tokyo page 10 AVA LITTLE TOKYO 11 AVA LITTLE TOKYO page 11

7 LITTLE TOKYO ±3,500 residents market overview little tokyo Little Tokyo is located in the heart of Downtown Los Angeles. It is comprised of roughly five large city blocks, bounded on the west by Los Angeles Street, on the east by Alameda Street, on the south by 3rd Street, and on the north by 1st Street. The Little Tokyo neighborhood in Los Angeles is one of the country s most important Asian-American communities, maintaining its culture over many generations. Currently, Little Tokyo is undergoing tremendous growth and development and emerging as one of Southern California s most hip and popular cultural areas. With the growth and continued revitalization of nearby Downtown Los Angeles, the walkable areas, proximity to public transit and the Los Angeles Metro Line, and the construction of the new Regional Connector, the location of Little Tokyo has made it a highly desired place to live, work, and visit. There are over 1,500 residential apartment units that will bring thousands of residents to the area. The surrounding neighbors include the LAPD headquarters located directly across the street, the new Los Angeles courthouse to be completed shortly, and the popular grocery stores Trader Joe s and Whole Foods have committed to new space nearby. DEMOGRAPHICS (source: Nielsen) 1-mile 3-mile 5-mile POPULATION 2020 Projection 52, ,784 1,268, Estimate 48, ,952 1,223, Census 42, ,804 1,185, Census 29, ,968 1,192,747 POPULATION BY RACE White Alone 16, , ,107 Black or African American Alone 10,203 28,269 85,848 American Indian and Alaska Native Alone 444 5,230 12,816 Asian Alone 14,262 77, ,341 Native Hawaiian and Other Pacific Islander Alone ,225 Some Other Race Alone 4, , ,924 Two or More Races 2,019 20,236 52,597 HOUSEHOLD INCOME 2015 Est. Average Household Income $43,377 $43,645 $48, Est. Median Household Income $21,392 $29,351 $33,196 page 12 AVA LITTLE TOKYO AVA LITTLE TOKYO page 13

8 GRAND CENTRAL MARKET 33,000 SF retail 4TH 450 units TITLE INSURANCE BLDG 300,000 SF office BANCO POPULAR BLDG 212 units CA STATE BLDG 430,000 SF office FEDERAL COURTHOUSE 600,000 SF office RONALD REAGAN BLDG 740,000 SF office MEDALLION 96 units 80,000 SF retail LA TIMES 310,500 SF office LA TIMES 265,500 SF office MEDALLION units to be built 80,000 SF retail LAPD HQ 490,000 SF office HIGGINS BLDG 135 units HOLLAND PARTNERS 238 units CAL TRANS HQ 635,000 SF office LA CITY HALL 855,800 SF office CA DEPT OF TRANSPORTATION 716,200 SF office DOUBLE TREE HOTEL 434 rooms SARES-REGIS LITTLE TOKYO 240 units 16,000 SF retail SAKURA CROSSING 230 units 7,000 SF retail TERAMACHI 127 units JAPANESE VILLAGE PLAZA 92,000 SF retail HIKARA 128 units 12,000 SF retail legend subject property mixed-use residential retail office SHOPPING CENTERS The Bloc 1 Alamo Drafthouse Fig at 7th 2 City Target 3 Japanese Village Plaza BAR/NIGHTLIFE 1 The Edison 2 Angel City Brewery 3 Redwood Bar 4 The Association 5 Varnish 6 Broadway Bar COFFEE SHOPS 1 Demitasse 2 Urth Caffe 3 Groundwork Coffee Co. 4 Stumptown Coffee Roasters 5 Blue Bottle Coffee DEVELOPMENT 1 Fig Central 2 Metropolis 3 The Grand 4 Wilshire Grand DRUGSTORE 1 Walgreens 2 CVS Pharmacy 3 Walgreens 4 Rite Aid ENTERTAINMENT 1 Staples Center 2 Nokia 3 Walt Disney Concert Hall 4 The Broad The Museum of 5 Contemporary Art 6 Regal Cinemas 7 Orpheum Theater 8 Tower Theater GROCERY 1 Marukai Supermarket 2 Whole Foods 3 Ralphs GYM 1 Yoga Works HOSPITALITY 1 Ace Hotel 2 JW Marriott 3 Viceroy 4 Standard 5 Miyako Hotel 6 DoubleTree by Hilton 7 Hilton Checkers Los Angeles Millennium Biltmore Hotel 8 Los Angeles 9 The Westin Bonaventure Hotel 10 Sheraton 11 Omni Los Angeles Hotel 12 The Ritz-Carlton RESTAURANT 1 Red Bird 2 Pitfire Pizza 3 Baco Mercat 4 Ledlow 5 Wurstkuche 6 Bestia 7 Church and State 8 Factory Kitchen 9 Umami Burger Grand Central Market G and B Coffee EggSlut Wexler s Deli 10 Sticky Rice Belcampo Meat Company Horse Thief BBQ 11 Kazu Nori 12 Prufrock Pizzeria 13 Cole's 14 Perch 15 Mendocino Farms 16 Water Grill 17 Bottega Louie 18 Sugarfish by Sushi Nozawa Degrees RETAIL 1 Urban Outfitters 2 City Target page 14 AVA LITTLE TOKYO AVA LITTLE TOKYO page 15

9 For more information, please contact: Gabe Kadosh Vice President Lic Colliers International 865 South Figueroa Street Suite 3500 Los Angeles, CA