RETAIL SPACES FOR LEASE WYNWOOD 2399 NW 2 AVE BLOCK

Transcription

1 RETAIL SPACES FOR LEASE WYNWOOD 2399 NW 2 AVE BLOCK

2 2399 NW 2 AVE BLOCK WYNWOOD CONTACT: Andres Nava anava@metro1.com

3 2399 NW 2 AVE BLOCK The best retail location in Wynwood. Shinola Circa 2016 Devlin Marinoff

4 FLOOR PLAN & RATES NW 24 STREET RETAIL SIZE: 28,061 SF Total SF PARKING/ OUTDOOR SEATING 2,700 SF +/- Asking Rate on NW 23 & 24 Street: Asking Rate on NW 2nd Avenue: Lease Type: Zoning: Impact Glass Storefronts Landlord will build to suit Negotiable Negotiable NNN T5-O NW NW 24 ST AVAILABLE 5,188 RSF HIGHLIGHTS: Corner to corner building Highest foot traffic in Wynwood 1.5M+ People in Wynwood in Q Alone 250,000 Parking Transactions in Wynwood in Q Alone 175 NW 23 ST AVAILABLE 1,488 RSF 171 NW 23 ST AVAILABLE 1,976 RSF NW 23 STREET INTERACTIVE FLOOR PLAN (CLICK ON LOGOS FOR MORE TENANT INFO)

5 CONTEXT MAP SUBJECT PROPERTY

6 ART WALK SHINOLA 2349 NW NW 2 WYNWOOD WALLS WYNWOOD WALLS

7 RETAIL SPACES FOR LEASE THE SPACES 2399 NW 2 AVE BLOCK

8 194 NW 24 STREET RETAIL/RESTAURANT SIZE: 5,188 RSF Asking Rate: Negotiable Lease Type: NNN Zoning: T5-O 1,060 RSF Mezzanine Space Landlord will build to suit

9 171 NW 23 STREET RETAIL SIZE: 1,976 RSF Asking Rate: Negotiable Ceiling Height: 14 +/- Lease Type: NNN Vanilla Shell Condition Zoning: T5-O Open Layout Frontage on 23rd Street

10 175 NW 23 STREET RETAIL SIZE: 1,488 RSF Asking Rate: Negotiable Ceiling Height: 14 +/- Lease Type: NNN Vanilla Shell Condition Zoning: T5-O Open Layout Frontage on 23rd Street

11 CO-TENANTS CONTACT: Andres Nava

12 WYNWOOD RETAIL TRADE AREA & DEVELOPMENT Wynwood was upzoned from 36 units/acre to 150 units/acre in 2015 Wynwood 26 1,082 New Apartments 222 Wynwood 255K Commercial SF In Residential Developments 2,457 Parking Spaces POPULATION Greater Downtown s resident population has doubled from 40,000 to over 80,000 since population 2000 with young professionals fueling that growth. YEAR ,000 80,000 WYNWOOD BY THE NUMBERS Weekday Population: 10K/day Weekend Population: 30K/day 1.5M People per Quarter 250,000 Parking Transactions in Q Most users in Miami. 15,000 Citibike Transactions in PARKING TRANSACTION CHANGE 90,000 Thor Wynwood 2337 NW 5 Ave X 2 In the past 15 years 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 Wynwood Square Wynwood 25 46% of people ages 25 to 44 make up our urban core population 0 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16

13 PSYCHOGRAPHICS Urban Achievers Yuppies Bohemian Mix Artsy Mutli-Culti Mosaic Hipster Tourists Modern Nomads Concentrated in the nation s port cities, Urban Achievers are attracted to up and coming neighborhoods where wages are higher and jobs align with their values A collection of mobile urbanities, they represent the nation s most liberal lifestyles. Its residents are an ethnically diverse, progressive mix, of young singles, couples, and families ranging from students to professionals An immigrant gateway community, they are the urban home for a mixed populace of younger Hispanic, Asian, and African-American singles and families. They value independence and trends. A Hipster is always looking for the next new thing, while being nostalgic about the old. Tourists can be from a Millennial to Empty Nesters and Baby Boomers looking for entertainment when travelling. Modern Nomads value travel and independence over stability. They usually make a living from business related to their travels. AGE INTERESTS VALUES LIFESTYLE ATTITUDES Art, Music, Dining, Technology, Entertainment, Fitness. Independence, Innovation, Sustanability, Forward-thinking Urban, Foodies, Shoppers Trendsetters, Independent, Enterpreneurial Wynwood attracts these demographics from all over the Miami Metropolitan Area, which includes Miami-Dade, Broward, and Palm Beach counties, spanning over a 60 Mile Radius and just over 6 Million habitants. Being the only neighborhood of its kind in South Florida, and one of the few in the world, Wynwood is a destination not only for South Florida locals but also for people around the world. Wynwood has been listed as one of the top coolest, hip, neighborhoods by publications and studies from Forbes, Vogue Magazine, and Cushman & Wakefield research to name a few.

14 WYNWOOD S FASHION SCOTCH & SODA BONOBOS WARBY PARKER MARINE LAYER ILLESTEVA BASICO NOMAD TRIBE KIT & ACE MIMO MARKET MALAQUITA DEL TORO INIVA BOHO HUNTER MARY SAINT PIERRE D KONCEPT WYNWOOD SHADES LULU LABORATORY PLEASE DON T TELL RAPHAELLA BOOZ

15 WYNWOOD S F&B ALTER COYO TACO PANTHER COFFEE DR SMOOD WYNWOOD DINER WYNWOOD KITCHEN & BAR JOEY S KYU KUSH MIAM CAFE FRESHII CONCRETE BEACH BREWERY GRAMPS WOOD TAVERN THE BAR NEXT DOOR JWB BREWERY SUVICHE WYNWOOD YARD BUTCHER SHOP

16 NEIGHBORHOOD OVERVIEW WYNWOOD DOWNLOAD OUR Wynwood is a unique neighborhood located within the urban core of the City of Miami and is roughly bounded by NW 36th Street (North), NW 20th Street (South), I-95 (West) and NE 2nd Avenue (East). Wynwood is comprised of predominantly mid-century industrial manufacturing warehouses. Wynwood used to be the manufacturing and logistics center of Greater Miami. After the industrial real estate market moved West to the Doral and Medley area, the buildings in Wynwood started to age and new uses started to become relevant by forward thinking property owners who renovated these buildings to attract gallery spaces and creative office. Given its central location and proximity to expanding neighborhoods like Brickell, the Design District, Midtown and Edgewater, Wynwood started to become an epicenter for the arts. Today, Wynwood houses over 70 art galleries, Wynwood has been experiencing rapid gentrification due to its emergence as Miami s main art district.

17 NEIGHBORHOOD OVERVIEW WYNWOOD DOWNLOAD OUR There are certain trends and phenomenon that helped fuel this resurgence of this historically depressed neighborhood. 1) Art Basel: Art Basel is the world s most recognized modern an contemporary art show, which began in 1970 in Basel Switzerland. In 2002 Art Basel debuted in Miami Beach immediately establishing it as the premier art show in the Americas. Given Miami s central location within the two continents, Art Basel helped Miami reemerge as a international destination for arts and culture and bridge the North and South American cultures. Given the temporary nature of the fair, Wynwood was the perfect stage to house all of the temporary art shows, exhibitions and shows that were not at the main Art Basel Fair in Miami Beach. Attendance to the main event now attracts 70,000 visitors, but as the show has evolved over time, more than 500,000 people (plus all of the South Florida Community) have been visiting the city and have been attending all of the satellite fairs, galleries and pop up events taking place throughout the week all over Miami. artists in order to promote their spaces and bring more customers into their business and the neighborhood in general. This event focused mainly on the galleries located in the main core of Wynwood, which is NW 2 Ave. Over time, this event became more popular and now attracts upwards of 3,000-5,000 per evening. This event also paved the way for retail oriented business to move in to the neighborhood so that they could capitalize on the increased traffic and walkability that this event brought to the neighborhood. 4) The evolution of The Design District: The evolution of The Design District into a Luxury Fashion Destination. As the Design District evolved into a Luxury Fashion destination, many of the creative tenants and retailers that called that called it home were displaced because of rising rents that were targeting luxury retailers. Architecture firms, art galleries, and furniture and design showrooms moved into Wynwood after being in the Design District. 2) Street Art Movement: As artists moved in to the neighborhood, street art and graffiti started to propagate and internationally recognized started to visit Miami and use Wynwood s industrial properties as an open outdoor canvas. Today Wynwood is one of the largest outdoor open-air museums in the world that attracts visitors that experience an always-changing environment and art. 3) Second Saturdays Art walk: As more galleries started to call Wynwood its home, a monthly event was formed by independent

18 NEIGHBORHOOD OVERVIEW WYNWOOD DOWNLOAD OUR WYNWOOD DEVELOPMENT TIMELINE Bakehouse Art Complex is founded and opens on a former bakery industrial complex Art Basel comes to Miami Beach helping draw people to Wynwood existing but underground art scene Wynwood Lofts, a 36 unit, 4 story lofts building is developed in the heart of Wynwood and attracts creative users for LIVE/ WORK Wynwood Walls is conceived by Tony Goldman as way of creating a public space where pedestrians could admire a collection of graffiti murals created by world renowned street artists Art Walk is created to promote galleries and business in the district Fashion tenants from all over the globe started taking notice of the potential of Wynwood as a culture hub, drawing interest from brands such as Shinola, Warby Parker, Kit & Ace, Bonobos, and more The Rubell Family Collection moves to Miami and acquires a former DEA warehouse and renovated it. Into a museum that not only houses the world renowned family collection but also hosts very recognized international artists works Tony Goldman starts acquiring properties in Wynwood. Having previously been involved in the revitalization of New York s Soho neighborhood, he brings a vision of a similar concept to the Wynwood Neighborhood Cynergy Lofts was built on N Miami Ave featuring 100 Industrial Style Units Panther Coffee opens its doors in Wynwood and becomes an epicenter for locals and tourists. The Miami Design District begins the construction of is first phase and raising rents, causing some tenants to leave and enter the Wynwood market Art Wynwood is created in order to attract art collectors in Miami s low season and coincides with the Yacht and Brokerage show in Miami Beach. Attendance each year has been escalating. The 2014 show had 32,000 visitors.

19 NEIGHBORHOOD OVERVIEW WYNWOOD TENANTS DOWNLOAD OUR

20 NEIGHBORHOOD OVERVIEW WYNWOOD PHOTOS DOWNLOAD OUR

21 RETAIL SPACES FOR LEASE WYNWOOD 2399 NW 2 AVE BLOCK