RETAIL SPACE AVAILABLE FOR LEASE IN DOWNTOWN FARGO

Transcription

1 RETAIL SPACE AVAILABLE FOR LEASE IN DOWNTOWN FARGO ROCOFARGO.COM

2 PROPERTY DETAILS 455-stall parking garage 72 residential units Broadway Roberts Street RETAIL SPACE FOR LEASE RETAIL SPACE FOR LEASE Wide, pedestrianfriendly sidewalks Roberts Alley Outdoor seating opportunities 2nd Avenue North Roberts Commons is the first of its kind in Fargo, as the first mixed-use parking structure to be built in the city. RoCo offers nearly 13,500 square feet of retail space in the heart of the downtown neighborhood, with a variety of spaces ranging from 557 to 5,684 square feet. These active retail spaces are located just half a block from Broadway and will surround a 455-stall parking garage on three sides and house 72 residential apartment units on floors two-five. RESTAURANT 1 5,134 rentable SF $24/SF RESTAURANT 2 2,684 rentable SF $24/SF RETAIL 1 1,484 rentable SF $21/SF RETAIL 2 1,224 rentable SF $23/SF RETAIL rentable SF $23/SF ALLEY RETAIL rentable SF $24/SF ALLEY RETAIL rentable SF $24/SF ALLEY RETAIL rentable SF $24/SF SPECIFICATIONS 13,490 total rentable SF 837 maximum divisible SF $25 TI allowance per usable SF Tenant pays for heat, electricity, sewer/water/gas, phone/internet, and janitorial CAM charges $1.50 Renaissance Zone benefits NNN lease

3 SITE PLAN RETAIL 1 1,484 SF ALLEY RETAIL SF ALLEY RETAIL SF STREET RESTAURANT 1 5,134 SF 455-STALL PARKING GARAGE ALLEY RETAIL SF SHARED RESTROOM (ALLEY ACCESS) ALLEY RETAIL 2 1,224 SF RETAIL SF RESTAURANT 2 2,684 SF 2ND AVENUE NORTH

4 PROPERTY DETAILS orth enue N 2nd Av Why RoCo is ideal for your business... It s located in the heart of a thriving restaurant and retail ecosystem in downtown Fargo. RoCo has a Walk Score of 95, which is considered to be a Walker s Paradise. Daily errands from this location do not require a vehicle. The downtown district has 75 retailers, 8 art galleries, 22 bars, 41 restaurants, and is growing rapidly. RoCo will be active both day and night. Floors 2-5 will add 72 units to the downtown apartment market, which currently sits at 96.62% occupancy. The ground floor storefronts will be easily accessible. Pedestrians will be drawn to this location with its wide sidewalks and large windows. Drivers and cyclists will benefit from the parking garage and on-street parking. 2nd Avenue will be undergoing a complete redesign from Broadway to Roberts Street. The new street will feature large pedestrian bump-outs at its intersections, which will naturally slow down vehicles. The re-activation of the street will make it safe, comfortable, interesting, and useful for pedestrians, four key factors of walkable neighborhoods.

5 CONSTRUCTION Walk Score 95 S ST ERT 2ND RAP AVE N LEY SE W ERT S AL ED U ROB : MIX AS E PHA SE II PH PHASE I: PARKING GARAGE II: M IXE DU SE WR AP ROB DESCRIPTION In November 2015, the City of Fargo sought redevelopment proposals for the city-owned property at 624 and 625 2nd Avenue North. The City wanted a design concept that integrates an urban scale mixed-use development with a parking structure providing approximately 400 parking spaces. Kilbourne Group submitted the Roberts Proposal, a fourphased public and private partnership plan, which was approved by the City on February 16, The Roberts project will activate Roberts Alley and create walkable spaces that are not only safe, but useful, comfortable, and interesting. Construction of a seven-story, 455-stall parking garage began in June 2016 and is scheduled to be completed by May The parking garage will be owned and operated by the City of Fargo. Construction of the mixed-use retail and apartment building lining the parking structure will begin April 2017 and be complete in March RoCo will offer 72 amenity apartments, ranging from studio to two-bedroom units. The mixed-use wrap will include 72 residential units of varying price points, ranging from studio to two-bedroom units. This mixed-use building will include 13,490 square feet of ground floor space for retail, food, and beverage concepts along Roberts Street, 2nd Avenue North, and Roberts Alley. The southwest and southest corners of this building are designed for food and beverage concepts, with retail space along the surrounding entrances.

6 Samuel G. Roberts PROJECT HISTORY HISTORY The Columbia Hotel was located on the northeast corner of Roberts Street and 2nd Avenue North. It was a four-story brick structure with its entrance facing Roberts Street. It opened on October 1, 1888 and featured 100 electric lighted, steam heated, and superbly furnished rooms. Five years after opening, it was lost in the great fire of The ruins of the building stood at the site for a decade, as did much of the entire block, until the location became the site of Fargo s first Public Library. Aided by a $20,000 grant from Andrew Carnegie, the new library opened January 26, A number of other buildings were constructed on 2nd Avenue between the library and the alley, most notably the Salvation Army. All were razed at different points to make way for surface parking, including the library in The property was most recently a combination of both privately and publicly owned surface parking lots. Columbia Hotel Carnegie Library Ruins of the Columbia Hotel Salvation Army

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