RESTAURANT SPACE FOR LEASE IN THE HEART OF DOWNTOWN WICHITA, KANSAS

Transcription

1 RESTAURANT SPACE FOR LEASE IN THE HEART OF DOWNTOWN WICHITA, KANSAS REAL ESTATE CO.

2 BLOCK MARKETPLACE RETAIL FOR LEASE

3 BLOCK MARKETPLACE RETAIL FOR LEASE Wichita DOULGAS AVENUE BROADWAY AVENUE EMPLOYEES IN ADJACENT BUILDINGS (FULL TIME) State Office Building: 680 Bank of America Building: 00 (approx.) New Ambassador Hotel/Restaurant: Kansas Health Foundation: Kansas Leadership Center: TOTAL EMPLOYMENT BY DISTANCE. Mile: 8, Mile:, Mile:,609 POPULATION 0 Minutes: 0, Minutes:,99 0 Minutes:,09 VISITORS Intrust Bank Arena: 9,00 annually Century II: 0,000 annually Lawrence Dumont Stadium: 0,000 annually Old Town Warren Theatre: 00,000 annually AREA RESTAURANTS Old Chicago Five Guys Burgers & Fries Quiznos Subway Old Mill Tasty Shop Sabor Latin Bar & Grille Cafe River City Brewing Company Café Bel Ami

4 RETAIL FOR LEASE IN THE HEART OF DOWNTOWN WICHITA, KS Block Marketplace is a part of downtown Wichita s redevelopment and a part of Block which consists of the Ambassador Hotel, a Marriott boutique hotel, the Kansas Leadership Center, Former Henry s Building and a unique pocket park. Block Marketplace has 8,00 SF of ground floor retail space available. The spaces are located on the ground floor of a 60 space parking garage. Situated in the heart of downtown Wichita, this location is ideally located between Intrust Bank Arena and Century II. The location offers high visibility signage, sidewalk seating, convenient parking and great downtown walk-ability. The spaces are ideal for restaurant, retail, service businesses or offices. Al s Old Books is a current tenant in the building.

5 Suite 0,8 sf Suite 0 Leased Suite 0,9 sf Suite 0,09 sf 6 6 SUITE SIZE RATE 0,8* $0, NNN 0,9* $0, NNN 0,09* $0, NNN * INTRODUCTORY RATES AVAILABLE.

6 Commerce Street Lofts 6 S. Commerce commercestreetlofts.com LIVE Photo credit: Ryan Hendrix The LUX 0 E. st St. N. theluxliving.com Residential development continues to be an extremely strong market in Downtown. In 0, 6 new residential units opened and currently there are 0 under construction or in planning. It is often said that success yields more success. That can certainly be said of the recent residential progress underway in Downtown Wichita. More people are choosing the urban lifestyle due to its walkability, access to the arts, cultural activities, and close proximity to restaurants, coffee shops and entertainment. A recent updated residential market study shows increased 6units N E W U N I T S O P E N E D I N LIVE market potential for Downtown. With 0 units under construction or planning, Downtown s residential base continues to strengthen. In 0, 6 new units were completed, boosting the estimated population to,8. The most common Downtowner is a single, highly educated young professional, who on average earns $,86 per year. 0units C U R R E N T LY U N D E R C O N S T R U C T I O N O R P L A N N I N G,8people E S T I M AT E D D O W N T O W N P O P U L AT I O N

7 CENTRAL AVE 6 WACO AVE WICHITA ST WATER ST MAIN ST MARKET ST BROADWAY ST RD ST ND ST ST ST TOPEKA ST DOUGLAS AVE EMPORIA ST ST.FRANCIS ST MEAD ROCK ISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND D O U G L A S AV E A R K A N S A S R I V E R Century II Performing Arts & Convention Center WILLIAM ST ENGLISH ST OSAGE ST M A P L E S T OAK ST SYCAMORE ST M C L E A N B LV D Lawrence-Dumont Stadium WATERMAN ST LEWIS ST DEWEY ST INTRUST Bank Arena KELLOGG / US Downtown SSMID District Location RESIDENTIAL PROPERTIES Completed Under Construction/ Planning In 009, Zimmerman/Volk Associates (ZVA) conducted a residential market study for Project Downtown: The Master Plan for Wichita, which forecasted that Downtown could absorb,000 new units in five to seven years. In 0, the WDDC contracted with ZVA to update the study. The new analysis found a significant increase in the residential market potential for Downtown. Per the study, Downtown Wichita can absorb,0 additional units over the next five to seven years, predominantly rental dwelling units. 0 Douglas Place UNITS 9 La Louisiana UNITS Rock Island Lofts 8 UNITS WaterWalk Place (Condos) 6 UNITS Commerce Street Lofts 6 UNITS 0 Legacy Apartments 0 UNITS 8 Rumley Lofts (Condos) 8 UNITS Zelman Lofts 9 UNITS Corner 6 6 UNITS Lofts at Old Town Square UNITS 9 Shirkmere Apartments 08 UNITS 8-0 Commerce 6 UNITS Eaton Place 8 UNITS Lofts at St. Francis (Condos) 6 UNITS 0 The Flats 68 UNITS Exchange Place 0 UNITS Finn Lofts UNITS Mosley Street Lofts UNITS The LUX 86 UNITS Water Street Lofts 90 UNITS 6 Grant Telegraph (Condos) UNITS Noble Building UNITS The Renfro 0 UNITS Flats Expansion 68 UNITS Harvester Lofts 8 UNITS Player Piano Lofts 6 UNITS WaterWalk Hotel Apartments* UNITS River Vista* UNITS 8 Innes Station 80 UNITS 6 Riverpark Plaza Apartments* 8 UNITS *Located outside the 60 zip code. These properties are not included in census data nor population estimate.

8 WORK Associated Integrated Marketing 0 N. Mead meetassociated.com The Epic Center 0 N. Main Downtown is a key epicenter for employment with over 6,000 workers coming into the district each day. As development efforts continue, businesses are investing in Downtown and occupancy is increasing. Downtown boasts over.9 million square feet (SF) 8 of office space and of the top largest office buildings in the metro area.0 Overall occupancy rates increased in 0 from 8% to 80% and average rental rates increased from $0./SF in 0 to $.06/SF in 0.8 The Central Business District (CBD) has office space available for lease, in addition to live/work residential units 6,000+ DOWNTOWN WORKERS 8 WORK 6% for entrepreneurs and the self-employed. As more people choose to make Downtown home, many employers are taking note and choosing the CBD as the place to be to attract the next generation of talent. Over 6,000 employees come into Downtown for work, and nearly half of Downtown workers earn more than $9,996 annually. OF DOWNTOWN WORKERS EARN M O R E T H A N $ 9, A N N U A L LY,68,09sf O C C U P I E D O F F I C E S PA C E I N CENTRAL BUSINESS DISTRICT8

9 M C L E A N B LV D CENTRAL AVE RD ST WACO AVE WICHITA ST WATER ST MAIN ST MARKET ST BROADWAY ST ND ST TOPEKA ST EMPORIA ST ST.FRANCIS ST MEAD ROCK ISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND D O U G L A S AV E A R K A N S A S R I V E R Century II Performing Arts & Convention Center ST ST DOUGLAS AVE WILLIAM ST ENGLISH ST OSAGE ST OAK ST SYCAMORE ST WATERMAN ST INTRUST Bank Arena Lawrence-Dumont Stadium LEWIS ST M A P L E S T DEWEY ST KELLOGG / US Downtown SSMID District PRIMARY JOB CHARACTERISTICS Inflow Workers Enters Downtown for job There are 6, residents who enter the 60 zip code for their prima pically, these workers are 0- years old and earn more than $9,996 annually. Interior Flow Workers Lives and works in Downtown There are residents who both live and have primary jobs in Downtown. Typically, these workers are 0- years old and earn between $,00 and $9,996 annually. Outflow Workers Leaves Downtown residence for job There are 9 residents who live in Downtown and leave the 60 zip code for their primary job. These workers are largely represented by the 0- years old population group, followed closely by the 9 years old or younger population group. These workers typically earn between $,00 and $9,996 annually. Ruffin Building 00 N. BROADWAY 9,000 SF CoBank N. WACO,6 SF 6 OFFICE BUILDINGS 0 Largest buildings by total square footage Garvey Center 0 W. DOUGLAS,000 SF Finney State Office Building 0 E. WILLIAM 0,09 SF Epic Center 0 N. MAIN 98,000 SF N. Market N. MARKET,69 SF First National Bank Building 0 N. MAIN 6,000 SF Office Building Downtown has of the top largest office buildings in Wichita and four out of the top five Century Plaza Building W. DOUGLAS,68 SF Market Centre N. MARKET 0,000 SF High Touch Building 0 S. MAIN 0,9 SF One Main Place 00 N. MAIN 0,00 SF Emprise Bank N. BROADWAY 99,8 SF Mayflower Plaza 09 E. WILLIAM 9, SF Riverview Building RIVERVIEW,000 SF Location 9

10 SHOP River City Brewery 0 N. Mosley rivercitybrewingco.com Heroes Sports Bar N. Mosley heroeswichita.com Downtown is a hub of eclectic shops, restaurants and bars that generated more than $ million of retail sales in 0. With less than % vacancy, prime retail space remains in high demand. 8 8 With over 90,000 square foot (SF) of retail space at an average quoted rate of $.8/SF,8 Downtown has one of the highest concentrations of retail businesses and restaurants in the metro area. Over 60,000 shoppers9 are within a 0 minute drive to explore the eclectic mix of shops, restaurants and bars, or to find one-in-a-market retailers located only in Downtown. In 0, retail 68,00sf O C C U P I E D R E TA I L S PA C E 8 0 S H O P trade and food and drink sales totaled more than $ million8 in the Downtown area, with Food Services and Drinking Places accounting for the greatest percentage of sales at 0%.8 This sector, comprising over 0 small businesses, with many in the Old Town Entertainment District, employs nearly,000 people8 and is an important employment base for our local economy. 9retailers $million I N T H E D O W N T O W N A R E A 8 R E TA I L S A L E S G E N E R AT E D I N 0 8

11 Heartland Bicycle N. Mosley heartlandbike.com T O P R E TA I L I N D U S T R I E S D O W N T O W N R E TA I L M A R K E T Total 0 retail sales $ million 8 Total Central Business District retail space 9, SF Food Services & Drinking Places 0 % O F T O TA L S A L E S / E M P L O Y E E S Miscellaneous Store Retailers % O F T O TA L S A L E S / 8 E M P L O Y E E S Motor Vehicle & Parts Dealers 6 % O F T O TA L S A L E S / E M P L O Y E E S Inventory Occupancy Building Materials & Supplies 9 % O F T O TA L S A L E S / 6 E M P L O Y E E S Sporting Goods & Hobbies 8 % O F T O TA L S A L E S / 9 E M P L O Y E E S 6 Furniture & Home Furnishings % Class A I 8,00 SF 69% Class B I 9,9 SF % Class C I 69,000 SF 9% % 6 % O F T O TA L S A L E S / E M P L O Y E E S Occupied I 68,00 SF Vacant I, SF Clothing & Clothing Accessories % O F T O TA L S A L E S / 6 E M P L O Y E E S 8 Food & Beverage Stores % O F T O TA L S A L E S / 9 E M P L O Y E E S 8

12 BUILD Union Station 0 E. Douglas Corner 6 6 W. st St. N. corner6.com In 0, several key Downtown residential properties opened, adding to the resident population. In addition, seven major projects are planned for 0 along Downtown s postcard avenue, Douglas Avenue. Private and public sector investment continued in Downtown in 0. 6 residential units opened, bringing the total of new units since 00 to 8 units. The residential market demand remains strong with most properties operating very near 00% occupancy. The hospitality market got a boost in 0 with two major hotel renovations totaling $9 million at the Hyatt Regency Wichita and the Courtyard by 6units NEW RESIDENTIAL UNITS O P E N E D I N 0 B U I L D Marriott in Old Town. The public sector also made key strategic investments in 0. The City initiated investment to convert William Street from one-way to two-way, and the $9.6 million investment to renovate the Parking at Market & William Garage (former Macy s Garage) to provide critical parking to unlock millions of additional development in the adjacent blocks. 8projects $80million COMPLETED SINCE PROJECT D O W N T O W N A D O P T I O N I N 0 0 O F P R O J E C T S C U R R E N T LY P L A N N E D A L O N G D O U G L A S A V E.

13 CENTRAL AVE RD ST D O U G L A S AV E A R K A N S A S R I V E R 6 WACO AVE WICHITA ST Century II Performing Arts & Convention Center WATER ST MAIN ST MARKET ST DOUGLAS AVE WILLIAM ST ND ST BROADWAY ST TOPEKA ST EMPORIA ST ST ST 8 9 ENGLISH ST 0 ST.FRANCIS ST MEAD ROCK ISLAND MOSLEY WASHINGTON WABASH OHIO CLEVELAND OSAGE ST M A P L E S T OAK ST SYCAMORE ST M C L E A N B LV D Lawrence-Dumont Stadium 6 9 WATERMAN ST LEWIS ST DEWEY ST INTRUST Bank Arena KELLOGG / US Completed Projects DEVELOPMENT PROJECTS Since the implementation of Project Downtown in 00 Under Construction/Planning Location Downtown SSMID District Residential. Corner 6. Eaton Place Renovations. Player Piano Lofts. The Flats. WaterWalk Apartments Commercial. N. Market. 0 S. Broadway & 9 S. Topeka Renovations. Cargill Innovation Center. CoBank. Firestone Place Renovations 6. Howerton+White Expansion & Renovation. J.P. Weigand & Sons Realtors 8. Kansas Leadership Center and Kansas Health Foundation Conference Center at Block One 9. KE Miller Engineering 0. Pixius Corporation. The Arnold Group Renovations Mixed Use. Commerce Street Lofts. Finn Lofts. Rock Island Lofts. The LUX. The Renfro 6. Wichita WaterWalk. Yellow Cab Co. Building Renovations 8. Zelman s Building Civic. Albert Paley Sculpture Installation. Block One Parking Garage. Fountains at WaterWalk. INTRUST Bank Arena. INTRUST Bank Arena s Guitar Bar & Thunder Store 6. Riverfront Improvements. Sedgwick Co., Rotary Foundation & Coleman Lot 8. St. Francis Streetscape Improvements 9. Urban Plaza at Block One 0. William Street -Way Conversion Retail/Restaurants. 0 & S. Commerce Restaurant Renovation. Bite Me BBQ. Gander Mountain Expansion at WaterWalk. Live at. Sonic Drive-In Hotel. Ambassador Hotel at Block One. Courtyard by Marriott Renovations. Drury Plaza Hotel Broadview. Fairfield Inn & Suites Wichita Downtown. Hyatt Regency Wichita Renovations Other. Open Door. Robert D. Love Downtown YMCA. The Catholic Diocese St. Mary Cathedral Residential. Exchange Place and Bitting Buildings. Flats Expansion. River Vista. Water Street Lofts Commercial. High Touch Technologies. INTRUST Bank Renovations. Merrill Lynch Building. Building Mixed Use. 8-0 Commerce. Union Station Civic. Commerce Arts District Parking. Douglas Avenue Streetscape Development. Douglas Ave Underpass Renovation. Mosley Ave. Project. Parking at Market & William Garage For a full listing of Downtown development projects and descriptions visit DowntownWichita.org

14 For leasing information, please contact: Stuart Kowalski (6) 6-0 Kim Fowles (6) 6-0 Bailey Clark (6) 6-0 Note: Pages 6- from Wichita Downtown Deelopment Corporation 0 Progress Report. Cover image: Ambassador Hotel