PROPERTY INFO FEATURES

Transcription

1 PROPERTY INFO FEATURES 7 SEVENTY 7 is a state-of-the-art $100+ million, 34-story, 925,600 SF mixed use development in the heart of Downtown Milwaukee s Central Business District, adjacent to the brand new 1.1 million square foot Northwestern Mutual Headquarters Downtown Campus. The development includes 322 high-end apartments and penthouses, approximately 1,400 parking stalls, approximately 10,000 SF of first floor retail space, and an outdoor plaza at the corner of Mason and Van Buren.

2 FLOOR PLAN JACKSON STREET SHARED LOADING RETAIL TRASH ROOM RAMP DOWN 9" B.O.H. CORRIDOR PARKING ELEVATOR LOBBY RESIDENTIAL LOBBY VAN BUREN STREET 67' - 10" 208' /8" CLEAR TO UNDERSIDE OF BEAMS VARIES FROM 13'-9" TO 14'-9" RETAIL SF 44' - 2 3/8" CLEAR TO UNDERSIDE OF SLAB VARIES FROM 16'-1" TO 17'-1" PLAZA 192' - 9 3/8" TO INSIDE FACE OF GLASS TO INTERIOR CORNER OF GLASS MASON STREET RETAIL SPACE: 9,925 square feet can be 2016 Solomon Cordwell Buenz expanded to 11,357 square feet Rent: $25 PSF NNN Delivery: March/April 2018 Patio: Patio and plaza space available GROUND FLOOR - RETAIL PLAN 777 N. VAN BUREN, MILWAUKEE, WI NORTHWESTERN MUTUAL LIFE INSUANCE " = 20'-0" SK-21

3 2017 DEMOGRAPHICS 0.5 Miles 1 Mile 1.5 Miles 2 Miles Employees 41,811 80, , ,751 Population 7,377 21,363 43,189 76,694 Average Household Income $72,378 $82,638 $72,668 $59,935

4 Wells St N 2 nd St W Wisconsin Ave The Shops of Grand Avenue W Michigan St

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6 DOWNTOWN PROPERTY LISTINGS BY CATEGORY COMMERCIAL COMPLETED PROJECTS 1. Bartolotta Headquarters $1,100, Boiler House $6,800, Cathedral Place $57,000, Manpower World Headquarters $78,000, Schlitz Park $40,000, Iron Block Building/Dental Associates $9,000, Associated Bank - Haymarket Square N/A 8. Pabst Business Center $12,000, U.S. Bank Parking Garage $19,000, Riovivo River Place* $1,900, Summerfest Office $5,100, Dohmen Co. Headquarters $10,000, East Michigan $101,500, East Wisconsin Center $17,500, Mayer Building Redevelopment N/A $358,900,000 UNDER CONSTRUCTION 16. Northwestern Mutual Headquarters $450,000, Wells Building $17,000, Pabst Microbrewery $3,000, Former Laacke & Joys $33,000, Two-Fifty East $8,500, Red Arrow Labs N/A 22. MGIC Renovations N/A 23. Bucks Practice Facility $23,000, Arena District Parking Structure $45,000, Mercantile Building Expansion N/A $579,500,000 PROPOSED PROJECTS 26. Lakefront Brewery Expansion $7,000, Hammes Office Development $80,000, Hardware Headquarters N/A 29. The Shops of Grand Avenue N/A 30. One Catalano Square $43,000, Schlitz Park Expansion $76,000, Post Office Redevelopment N/A 33. Jennaro Brothers Building N/A 34. Marcus-Edison Place N/A 35. Milwaukee Brewing Company N/A $206,000,000 RESIDENTIAL COMPLETED PROJECTS 1. Beerline B Apartments $7,500, City Green Apartments & Condos $65,000, Brewery Point Apartments $8,400, Park East Enterprise Lofts $12,000, The Blatz Condominiums N/A Lofts $30,000, East Terrace** $1,820, Avante Apartments** $4,680, Blue Ribbon Lofts $19,000, The Breakwater $70,000, Convent Hill $55,000, Flatiron $10,000, The Grand Wisconsin Apartments $23,000, Kilbourn Tower $55,000, Majestic Lofts $16,800, The Moderne $55,000, The North End, Phase 1 & 2 $37,000, Sage on Jackson** $2,600, University Club Tower $88,000, The Wisconsin Tower $14,000, Corcoran Lofts $12,000, Jackson Square $5,600, CitySide Plaza* $20,000, Marine Terminal Lofts $30,000, River Renaissance $32,000, Hansen s Landing $8,500, The Harbor Front $8,500, Commission House $6,000, Chicago Street Lofts** $3,900, N Water $11,500, Gallun Tannery Row* $8,400, Kane Place Lofts* $3,300, The Edge $14,000, Park Terrace Row Houses $14,000, Union Point Lofts $10,000, RiverCrest Townhome $18,000, Frederick Lofts $20,000, Avenir, Phase 1 $20,700, Kane Commons $5,000, Lofts $6,700, MKE Lofts $23,500,000 COMPLETED PROJECTS (continued) 42. Plankinton Building $6,000, The North End, Phase 3 $53,000, The Buckler $30,600, Mayer Building Redevelopment N/A 46. Belay Apartments $11,000, Martin Building Redevelopment N/A $957,000,000 UNDER CONSTRUCTION 48. Northwestern Mutual Apt. Tower $100,000, The Brewery Lofts $29,000, The Rhythm $10,000, River House Apartments, Phase 1 $40,000, Pritzlaff $36,000, Walker s Landing $19,500, Domus Apartments $30,000, The North End, Phase 4 $60,000, Broadway Mixed Use Lofts N/A 57. Mackie Building Redevelopment $12,400, Mitchell Leather Building $8,500, Germania Building $22,000,000 $367,400,000 PROPOSED PROJECTS 60. Water & Brady Site $24,000, The Couture $122,000, The Portfolio $100,000, Jackson Street Apartments N/A 64. River House Apartments, Phase 2 N/A 65. Wangard PERC Block #22 $52,000, Century Building N/A 67. The River at Wells $17,000, Avenir, Phase 2 & 3 $31,100, Milhaus Brewery Apartments $40,000, Haymarket Lofts $17,300, Bookends North $60,000,000 $463,400,000 DOWNTOWN MILWAUKEE: 83,500 Employees 26,00 Residents 20,000 housing units by Million Square Feet of office space 4,500 hotel rooms 650+ restaurants, bars, ships, and retail service businesses»» Milwaukee County has $3.3 billion in tourism sales, much of which is concentrated in Downtown.

7 PROPOSED STREETCAR WESTOWN LINE COMMERCIAL RESIDENTIAL 10TH 4 VLIET 70 THE BREWERY MCKINLEY JUNEAU HIGHLAND 9TH WISCONSIN JAMES LOVELL STATE WESTOWN WELLS PROPOSED BUS RAPID TRANSIT 40 MICHIGAN ST.PAUL TH 6TH 5TH 5TH CHERRY 4TH 44 4TH 3RD 3RD 66 2ND 4 PLANKINTON 2ND CLYBOURN STREETCAR PHASE 1 ROUTE 5 SCHLITZ PARK WATER KNAPP WATER BROADWAY 1 LYON EAST TOWN ERIE 17 MILWAUKEE JEFFERSON JACKSON KILBOURN 17 JEFFERSON STREETCAR LAKEFRONT LINE BUFFALO 3 CHICAGO COMMERCE VAN BUREN 48 BRADY CASS OGDEN STREETCAR PHASE 1 ROUTE HISTORIC THIRD WARD MENOMONEE CORCORAN PLEASANT MARSHAL WELLS ASTOR STATE MASON 16 POLK LOWER EAST SIDE HARBOR 30 HUMBOLDT FRANKLIN KANE 62 PROSPECT 46 LINCOLN MEMORIAL

8 STATE OF WISCONSIN BROKER DISCLOSURE To Non-Residential Customers Wisconsin Law requires all real estate licensees to give the following information about brokerage services to prospective customers. Prior to negotiating on your behalf the Broker must provide you the following disclosure statement: BROKER DISCLOSURE TO CUSTOMERS You are the customer of the broker. The broker is either an agent of another party in the transaction or a subagent of another broker who is the agent of another party in the transaction. The broker, or a salesperson acting on the behalf of the broker, may provide brokerage services to you. Whenever the broker is providing brokerage services to you, the broker owes you, the customer the following duties: The duty to prove brokerage services to you fairly and honestly. The duty to exercise reasonable skill and care in providing brokerage services to you. The duty to provide you with accurate information about market conditions within a reasonable time if you request it, unless disclosure of the information is prohibited by law. The duty to disclose to you in writing certain material adverse facts about a property, unless disclosure of the information is prohibited by law (see Definition of Material Adverse Facts below). The duty to protect your confidentiality. Unless the law requires it, the broker will not disclose your confidential information of other parties. The duty to safeguard trust funds and other property the broker holds. The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposals. Please review this information carefully. A broker or salesperson can answer your questions about brokerage services, but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home inspector. This disclosure is required by section of the Wisconsin Statutes and is for information only. It is a plain language summary of a broker s duties to a customer under section (I) of the Wisconsin Statutes. CONFIDENTIALITY NOTICE TO CUSTOMERS Broker will keep confidential any information given to broker in confidence, or any information obtained by broker that he or she knows a reasonable person would want to be kept confidential by law, or authorize the broker to disclose particular information. A broker shall continue to keep the information confidential after broker is no longer providing brokerage services to you.

9 The following information is required to be disclosed by law. 1. Material adverse facts, as defined in section (5g) of the Wisconsin statutes (see definition of material adverse facts below). 2. Any facts known by the broker that contradict any information included in a written inspection report on the property or real estate that is the subject of the transaction. To ensure that the broker is aware of what specific information below. At a later time, you may also provide the broker with other information that you consider to be confidential. CONFIDENTIAL INFORMATION: NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by Broker): (Insert information you authorize to broker to disclose such as financial qualification information) CONSENT TO TELEPHONE SOLICITATION I/We agree that the Broker and any affiliated settlement service providers (for example, a mortgage company or title company) may call our/my home or cell phone numbers regarding issues, goods and services related to the real estate transaction until I/we withdraw this consent in writing. List Home/Cell Numbers: SEX OFFENDER REGISTRY Notice: You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the internet at or by phone at (608) DEFINITION OF MATERIAL ADVERSE FACTS A material adverse fact is defined in Wis. Stat (5g) as an adverse fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significate to a reasonable party that it affects or would affect the party s decision to enter into a contract or agreement concerning a transaction or affects or would affect the party s decision about the terms of such a contract or agreement. An adverse fact is defined in Wis. Stat (Ie) as a condition or occurrence that a competenet licensee generally recognizes will significantly adversely affect the value of the property, significantly reduce the structural integrity of improvements to real estate, or present a significant health risk to occupants of the property, or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction. No representation is made as to the legal validity of any provision or the adequacy of any provision on any specific transaction.

10 CONTACT US: MAX RASANSKY Executive Vice President BENJAMIN W WEILAND Senior Associate benjamin.weiland@cbre.com CJ GOLDBERG Senior Associate cj.goldberg@cbre.com 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated ` respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_August2017