Eric Blumenfeld Presents STREET. Philadelphia

Transcription

1 Eric Blumenfeld Presents NORTH Retail BROAD STREET Philadelphia

2 READY FOR RETAIL Since 2000, the North Broad Street Corridor has had the highest young-adult population growth in Philadelphia, making it one of the most vibrant, millennial-driven communities in downtown Philadelphia. part of the Visualize Temple campus plan. With more than 60,000 students living in the immediate area, the demand for student housing has been dramatic and currently, 75% of the housing units along the corridor are renter occupied. As a result of the tremendous increase in the millennial population, a booming restaurant and retail scene has blossomed. The opening last year of SOUTH Kitchen & Jazz Parlor and the bar Lorraine have made the corridor a hipster haven. Additionally, this community is the site of renowned Chef Marc Vetri s Osteria, the area s first award-winning restaurant. Furthermore, for the first time in decades, North Broad Street is establishing what could soon be an emerging shopping corridor in Philadelphia, with more than 200,000 square-feet of new retail space available. In addition to the more than 5,000 residential units either already existing or being developed on the outskirts of North Broad Street, hundreds of new projects will soon place residents more or less directly on the street in buildings such as the Divine Lorraine and Mural Arts Lofts. Another important component to the growth of North Broad has been Temple University s vested interest in the area. The University has recently invested $300 million in new and upgraded facilities as NORTH BROAD STREET RETAIL p. 2 While speaking about the need for development along North Broad, former Mayor Michael Nutter stated, we want to take virtually any steps we can to promote and support this growth and development. The city s continued commitment to this part of town has led to $50 million in grants to help move the neighborhood forward as an emerging destination for both residents and visitors alike.

3 $50 MILLION DOLLAR GRANT to beautify North Broad ~1000 NEW RESIDENTIAL UNITS coming to North Broad between Callowhill Street and Ridge Avenue 5 STATIONS BETWEEN CITY HALL & GIRARD AVENUE Convenient direct access to the Broad Street Subway Line along North Broad Street $100 MILLION+ IN INVESTMENT FUNDING for redevelopment projects on North Broad Street between Callowhill Street and Girard Avenue 60,000+ STUDENTS in the immediate area along North Broad Street We want to take virtually any steps we can to promote and support this growth and development along North Broad. ~ Former Mayor Michael Nutter p. 3 CBRE, Inc.

4 NORTH BROAD A NEW VIBRANT RIDGE AVENUE NEIGHBORHOOD FAIRMOUNT AVENUE FAIRMOUNT AVE BY RAL 486 Residential Units Planned 1300 Fairmount Avenue 2 STEPHEN STARR EVENTS 667 North Broad Street 3 LOFTS Residential Units (fully occupied) 640 North Broad Street OSTERIA 640 North Broad Street James Beard Foundation Award winner 2010 SPRING GARDEN STREET 4 5 VIE + ALLA SPINA + SOUTH 600 North Broad Street 600 ON BROAD 100 Residential Units 600 North Broad Street TOWER PLACE LUXURY APARTMENTS 204 Residential Units (fully occupied) 1400 Spring Garden Street 17th Street 16th Street 15th Street 6 THE PHILADELPHIA INQUIRER Planned Boutique Hotel 400 North Broad Street CALLOWHILL STREET 7 8 HANOVER NORTH BROAD 339 Residential Units Planned 322 North Broad Street 339 North Broad Street ACCESS TO ROUTE 676 VINE STREET EXPRESSWAY 9 THE PACKARD LUXURY APARTMENTS 151 Residential Units 317 North Broad Street SEPTA BROAD STREET LINE ENTRANCES NORTH BROAD STREET RETAIL p. 4

5 1 FA IR M OU NT AV EN UE METROPOLITAN OPERA 858 North Broad Street 2 3 RID GE AV E NU E 4 SPR ING GAR DEN STR EET 5 THE DIVINE LORRAINE 6 7 N O RT H BR O AD ST RE ET (109 RESIDENTIAL UNITS) 699 North Broad Street STUDEBAKER BUILDING 667 North Broad Street 8 9 MURAL LOFTS (56 RESIDENTIAL UNITS) 523 North Broad Street N p. 5 CBRE, Inc.

6 MURAL LOFTS 523 NORTH BROAD STREET Prime corner retail real estate with excellent exposure on North Broad and Spring Garden Streets Direct subway access to the SEPTA Broad Street Line Walking distance to City Hall Surrounded by major mixed-use redevelopment projects TO 25,000 SF RETAIL AVAILABILITY Large Contiguous Space NORTH BROAD STREET RETAIL p. 6

7 NORTH BROAD STREET 18,000 to 25,000 SF PRIME CORNER EXPOSURE SPRING GARDEN STREET MURAL LOFTS SPRING GARDEN STREET NORTH BROAD STREET SEPTA BROAD ST. LINE p. 7 CBRE, Inc.

8 THE STUDEBAKER BUILDING 667 NORTH BROAD STREET 13,400 SF RETAIL AVAILABILITY on the 1st Floor ±30,000 SF Restoration of original facade Opportunely located between Osteria and The Divine Lorraine Ideal space for restaurant and creative office space tenants RETAIL AVAILABILITY on the 2nd & 3rd Floors [ 20,000 SF ] POTENTIAL ROOF DECK NORTH BROAD STREET RETAIL p. 8

9 NORTH BROAD STREET >43,400 SF ON THREE LEVELS p. 9 CBRE, Inc.

10 THE DIVINE LORRAINE 699 NORTH BROAD STREET Most anticipated redevelopment project on North Broad Street 109 luxury residential units above Immediately proximate to planned major RAL development on Ridge Ave with over 450 residential units Direct subway access to the SEPTA Broad Street Line Ideal restaurant/retail space with opportunity for outdoor seating 6,537 SF RETAIL AVAILABILITY on the 1st Floor 7,423 SF RETAIL AVAILABILITY on the Lower Level NORTH BROAD STREET RETAIL p. 10

11 GARDEN LEV FAIRMOUNT AVE. COMMERCIAL 3,211 SQ. FT. BROAD STREET COMMON AREA / LOBBY 1,034 SQ. FT. COMMON SPACE 2,311 SQ. FT. COMMERCIAL 3,326 SQ. FT. ANNEX COMMERCIAL 1,712 SQ. FT. RIDGE AVE. OUTDOOR AREA 2,881 SQ. FT. MAIN LEVEL MAIN MECHANICAL / BUILDING SERVICES COMMERCIAL 5,711 SQ. FT. COMMON SPACE 1,297 SQ. FT. ANNEX LOWER LEVEL 2 South York Road, Second Floor Hatboro, PA DIVINE LORRAINE 699 N. BROAD STREET PHILADELPHIA, PA p. 11 CBRE, Inc.

12 THE METROPOLITAN OPERA HOUSE 858 NORTH BROAD STREET Up to 5,600 sf available on the ground floor plus the opportunity for larger floor plates above and the potential for a 20,000 sf roof deck Building co-tenancy includes entertainment concept by Avram Hornick (Morgan's Pier, Union Transfer, The Dolphin, etc.) and a catering facility by Chef's Market 4,750-20,000 SF RETAIL AVAILABILITY Multiple Opportunities Direct subway access to the SEPTA Broad Street Line NORTH BROAD STREET RETAIL p. 12

13 BROAD STREET BOX OFFICE LOBBY TO BROAD ST BAKERY 1120 SF EGRESS STAIR #1 EXIT RETURN AIR EXIT OFFICES / CHURCH ENTRY NEW MASONRY OPENING BOX OFFICE BASEMENT EGRESS RAISED STANDING AREA STORAGE RESTARUANT 4395 SF NEW ELEVATOR GRAND SALLE / VENUE ENTRY TO GRAND SALLE / BALCONY BAR RAISED PLATFORM RAISED FLOOR LINE OF GRAND SALLE ABOVE EXISTING RAMP DRINK RAIL TICKETING RESTAURANT KITCHEN 15-0 POPLAR STREET OUTER SHARED LOBBY COAT CHECK MERCHANDISE BAR DRINK RAIL RAISED STANDING AREA EXISTING SLOPE STAGE DUCTWORK SHAFT TO BELOW EXISTING RAMP SLIDING PARTITION DRINK RAIL ELECTRICAL TRASH ADA ENTRY COMMON LOBBY EGRESS TO BALCONY TICKETING BAR RAISED PLATFORM THEATER/RESTAURANT LOADING AREA NEW PASSENGER ELEVATOR RAISED STANDING AREA STORAGE TO 2ND FLOOR OVERHEAD DOOR FIRST FLOOR PLAN SCALE: 1/16 = 1-0 MECHANICAL TO BALCONY BASEMENT EGRESS MEN S RESTROOM GRAND SALLE EXIT WOMEN S RESTROOM MECHANICAL CARLISLE STREET EGRESS STAIR #2 SERVICE ELEVATOR TO BASEMENT RETURN AIR OVERHEAD DOOR GREEN ROOM TO CATERING KITCHEN ADA DRESSING RM 1 OVERHEAD DOOR p. 13 CBRE, Inc.

14 NORTH BROAD STREET MURAL LOFTS THE STUDEBAKER BUILDING THE DIVINE LORRAINE THE METROPOLITAN OPERA HOUSE N NORTH BROAD STREET RETAIL p. 14

15 NORTH BROAD READY FOR RETAIL North Broad Street is the next thriving retail corridor in Philadelphia. ~ CBRE Retail - Larry Steinberg, Senior Vice President p. 15 CBRE, Inc.

16 DEVELOPED BY: EB REALTY MANAGEMENT CORP. Abbots Square Building 530 S. 2nd Street, Suite 110 Philadelphia, PA PROCIDA FUNDING & ADVISORS 456 Sylvan Avenue Englewood Cliffs, NJ RETAIL LEASING BY: LARRY STEINBERG CHRISTINA ZIPF DOMINIQUE CASIMIR CBRE, INC. Two Liberty Place Suite S. 16th Street, Philadelphia, PA Licensed Real Estate Broker 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.