SOUTH PARK DOWNTOWN LOS ANGELES

Transcription

1 OLIVE & PICO (OP) Now Leasing GRAND & 12TH (G12) Due to Break Ground 2015 SOUTH PARK DOWNTOWN LOS ANGELES

2 Wilshire Blvd. FARMERS FIELD* FIG CENTRAL METROPOLIS WILSHIRE GRAND FIGUEROA COURTYARD BROAD MUSEUM GRAND AVE PROJECT SOUTH PARK AVANT Figueroa Street Grand Avenue Hill Street Olympic Blvd. 6 12TH & GRAND 7 7th Street FINANCIAL DISTRICT 6th Street Olive Street 5th Street THE BLOC 8 9 Broadway BUNKER HILL 10 HISTORIC DOWNTOWN Figueroa Street 1st Street Grand Avenue CIVIC CENTER Temple Street RESIDENTIAL & MIXED-USE DEVELOPMENTS 1 Figueroa South (Jardin) 8 5-OH (formerly Park Fifth) 2 Indigo Condominiums 9 3 Cal Plaza Development 3 Olive Lofts 10 Grand Avenue Tower 4 Transamerica Lofts 11 Medallion Forest City Residential 12 Vibiana Lofts 6 Onni Tower 13 Ava 7 8th & Hope Tower * Proposed site for Farmers Field ACE HOTEL 8TH & OLIVE Main Street Los Angeles Street 11 3rd Street LITTLE TOKYO

3 Property Highlights A total of ±31,684 SF of ground floor commercial spaces beneath 640 apartment units between the back-to-back mixed-use developments in the heart of the South Park neighborhood Phase 1- Now Leasing: On the Northwest corner of Pico Boulevard at Olive Ave. comprised of a hard-corner box anchor tenant space of approximately 9,950 SF, as well as two shop-spaces of approximately 2,363 SF & 2,522 SF each beneath 293 luxury apartment units, the project has broken-ground with a scheduled completion date of Summer, 2016 Phase 2: On the Southeast corner of Grand Boulevard at 12th Street, comprised of a hard corner box anchor tenant space of approximately 16,664 SF, as well as a shop space of approximately 2,455 SF, beneath 347 luxury apartment units, the project expects to break ground in 2015 with a scheduled completion date of early 2017 Spaces can be leased to retail, helath related uses, or restaurants High ceiling space with commercial on-grade parking for commercial customers First-view property leading into Downtown Los Angeles from the east-bound Grand Avenue exit from the 10 Freeway Area Highlights One block from the EVO apartment community and the proposed MackUrban development project Two blocks from the Metro Expo Line, which links Downtown with USC, Culver City, and Santa Monica Three blocks from Times Square West, comprised of Staples Center, L.A. LIVE, the L.A. Convention Center, and the proposed Farmers Field Football Stadium 4,000 additional residential units under construction within a 4 block radius of the property OP & G12 2,000 existing 4- and 5-star hotel rooms within a five minute walk, as well as an additional 2,000 new hotel rooms currently under construction in the submarket South Park boasts the strongest residential demographics and largest percentage of highend condominiums and apartments in the Downtown area 14 million destination guests currently visit South Park every year

4 GRAND AVE. N C102: 2,455 SF 16,664 SF G12 PHASE 2 12th & Grand Due to Break Ground 2015 PICO BLVD. 12TH ST. C119: 9,944 SF OP PHASE 1 Pico & Olive Now Leasing 2,643 SF (NAP) C107: 2,522 SF C102: 2,363 SF OLIVE ST.

5 EXISTING SERVICES 1. Bottlerock Wine Shop/ Restaurant SOUTH PARK 2. Crossfit Fitness 3. Salon Eleven Salon 4. Urban Fit Fitness EXISTING FOOD USE 5. Rivera Restaurant Latin 6. The Palm Surf & Turf 7. Arashi Sushi Japanese 8. Planned Restaurant Unnamed 9. Il Mare Italiano Italian FLOWER ST Hygge Bakery 11. Starbucks Coffee 12. Choco Chicken Planned Restaurant 13. Market Cafe Restaurant/Cafe NEEDED SERVICES/RETAIL Boutique Retail Personal Services Box Retail Grocery Bakery/Dessert Drug and Convenience HOPE ST. GRAND AVE. 12 G12 OP 12TH ST. OLIVE ST. PICO BLVD. 13

6 KEY: OLYMPIC BLVD. 8TH ST. MULTIFAMILY OLYMPIC BLVD. FOOD USE FIGUEROA ST. 9TH ST. HOTEL RETAIL FLOWER ST GRAND AVE. OFFICE/OTHER * See numbered list on followin page FIGUEROA ST. FLOWER ST. HOPE ST. HOPE ST. PICO BLVD. SITE GRAND AVE. 12TH ST. OLIVE ST. HILL ST. BROADWAY MAIN ST.

7 MULTIFAMILY 1. The Blackstone 90 apartment lofts 3. Luxury Apartments 700 units, 70K SF retail, breaks ground 1Q 2014, developed by GH Palmer 4. Luxury Lofts 250 units, breaks ground early 2014, developed by Barry Shy 5. Luxury Lofts 250 units, breaks ground early 2014, developed by Barry Shy 7. Luxury Apartments 281 units, to be completed by 4Q 2014, developed by Hanover Group 8. Luxury Apartments 200 units, breaks ground late 2014, developed by Lennar 9. Luxury Apartments 200 units, breaks ground late 2014, developed by Hanover 13. Planned High-Rise Site 14. Planned High-Rise Site Developed by Mac-Urban 15. Planned High-Rise Site Developed by Mac-Urban 17. The Packard Lofts 120 luxury lofts 19. Renaissance Tower Apartments 200 units MULTIFAMILY Olympic Luxury apartment tower, 161 units 26. Planned Mix-Use Apartment Tower 29. Market Lofts Mixed-use, 260 condominium lofts 30. Mixed-Use Loft Tower 290 luxury units, developed by Wood Partners, 3Q Grand Lofts 50 condominium lofts 32. Elleven Mixed-use, 160 luxury high-rise condos 33. Luma Mixed-use, 240 luxury high-rise condos 34. Evo Mixed-use, 304 luxury high-rise condos 37. Planned Mixed-Use Site 1,000 condos, hotel 39. Urban Village Mixed-use, 100 units, breaks ground early Met Lofts Mixed-use, 240 units 41. Luxury Apartments (see #3) HOTEL 2. The Ace Hotel Planned 180-room boutique hotel 6. Planned Korzen 4-Star Hotel Boutique, conversion begins mid Planned 5-Star Boutique Hotel Developed by Chetrit Group, operated by King & Grove, 300 rooms, completed by late Planned 4 Star Boutique Hotel Construction begins mid-2014 RETAIL 11. The Well Clothing Boutique Trendy apparel and salon 28. Ralph s Fresh Fare 52. Crossfit Fitness 53. Salon Eleven Salon 54. Urban Fit Fitness FOOD USE 10. Unnamed Restaurant/Lounge Completed by late Planned Restaurant Space 8,000 SF restaurant 38. The Stocking Frame Bar-Restaurant 42. Rivera Restaurant Latin 43. The Palm Surf & Turf 44. Arashi Suchi Japanese 45. Planned Restaurant Unnamed 46. Il Mare Italiano Italian 47. Hygge Bakery 48. Starbucks Coffee 49. Choco Chicken Planned Restaurant 50. Market Café Restaurant/Café 51. Bottlerock Wine Shop/ Restaurant OFFICE/OTHER 16. The Desmond Luxury creative office, developed by Lincoln Partners, completed by late Fashion Institute of Design and Merchandising 2,000 students 23. Standard Oil Building Creative office 25. Planned FIDM Campus and Apartment Tower 27. Petroleum Tower Creative office 28. Creative Office Building 20. Mixed-Use Apartment Tower 303 luxury units, developed by Onni, completed by early Planned Mix-Use Apt. Tower Developed by CIM Group

8 L.A. s TIMES SQUARE G12: THE LINK L.A. s SOHO TIMES SQUARE Anticipated tenants likely to be interested in West South Park. In addition to existing large credit tenant restaurant groups. Bloomingdale s Barney s Gelson s P.F. Chang s Forever 21 Pottery Barn The Cheesecake Factory Uniqlo Bed, Bath, & Beyond Crunch Fitness DESTINATION VISITOR Concert Convention Event Sports Corporate Professionals TIMES SQUARE G12: THE LINK South Park: The Link Crucial opportunity to link together two disparate neighborhoods. Important to draw the kind of service/retail users that will motivate conventioners to travel East and hipsters/young professionals to travel West. SOHO MILLENNIAL HIPSTER Young Professional FIDM Student Artists Designers Creative Office Employees SOHO Eclectic, avante garde, rugged tenants catering to the millennial hipster with money. Very destination oriented. EXISTING OR SOON-TO-OPEN Acne Studios Oak APC Tanner Goods ASOP Big Gay Ice Cream KinBolk Studios OmNom Organic Ace Hotel ANTICIPATED TENANTS Gant Yves Saint Laurent Varvatos eataly Soho House SkinGraft Hudson Maxfield Warby Parker CATALYTIC DEVELOPMENTS Brad Korzen boutique hotel Iterald Examiner Building 12th/Main creative office 12th & Grand is The Link between South Broadway and L.A. LIVE, two very different neighborhoods with diverse daily and nightly populations. South Broadway, from 7th street to 12th street, is transforming into Downtown s version of Soho. Hip boutique hotels, historic residential bldgs., creative office tenants and avant garde retailers are flocking to this neighborhood. In comparison, the neighborhood Times Square West surround L.A. LIVE/Staples Center/ Convention Center draws millions of destination visitors and shoppers per year. In addition, there are thousands of luxury, newconstruction residential units here. As a link between these two neighborhoods, retailers at G12 will have the unique opportunity to draw customers from both and elevate into one of the most seclectic destinations in Downtown. Whether you re white collar, blue collar, or a hipster, G12 can be become the crossroads for everyone.

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10 12TH & GRAND LOS ANGELES, CA RETAIL SPACE FOR LEASE 12TH & GRAND is surrounded by Downtown s most iconic destinations FIG CENTRAL METROPOLIS WILSHIRE GRAND Introducing: 12TH & GRAND FARMERS FIELD THE BLOC STAPLES CENTER AVANT ACE HOTEL 8TH & OLIVE Kennedy Wilson Brokerage Group Executive Vice President LShapiro@kennedywilson.com Cal BRE License # Kennedy Wilson Brokerage Group Senior Associate jweiss@kennedywilson.com Cal BRE License #