2nd Generation Office/Retail & Restaurant Spaces for Lease RENAISSANCE TOWER AT 501 W. OLYMPIC BLVD., LOS ANGELES, CA 90015 OUTDOOR PATIO SEATING FRONTING GRAND HOPE PARK ADJACENT TO FIDM OFFICE/RETAIL ±5,683 SF AVAILABLE JANUARY 2018 RESTAURANT ±925 SF AVAILABLE
Office/Retail & Restaurant Spaces for Lease Join these neighboring tenants: PROPERTY DESCRIPTION Location: 501 W. Olympic Blvd., Los Angeles, CA 90015 Access through Grand Hope Park Available: Restaurant: ±925 SF plus outdoor seating area Office/Retail: ±5,683 SF 7t (Spaces can be combined) St Ma in St. Fi gu e ro as t. h $3.50 - $4.25 PSF/Month, NNN Rent: PROPERTY HIGHLIGHTS 2nd generation, non-hooded restaurant space Built out office space Located on the ground floor of the 204-unit, 10-story Renaissance Tower Apartment community Contiguous to the Fashion Institute of Design and Merchandising (FIDM) with ±5,500 students and ±250 faculty Outdoor patio seating 3 blocks from Staples Center, L.A. Live, Microsoft Theater and the Grammy Museum Prospective tenants are hereby advised that all uses are subject to City approval..
OUTDOOR PATIO SEATING BELOW 204 LUXURY APARTMENT UNITS LOCATED IN GRAND HOPE PARK
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SOUTH PARK AREA DEVELOPMENT MAP 9 25 29 16 22 South Park BID South Park II BID Streetcar Route My Figueroa Route 17 30 23 33 24 20 18 19 1 2 3 28 31 27 Existing Housing Existing Hotel Off Map 7 6 8 26 32 5 MAP KEY 21 13 15 14 10 11 12 34 44 45 Planned Under Construction 46 47 35 36 52 53 37 38 41 48 49 54 55 4 43 51 39 40 42 50 39 UPCOMING MIXED USE SOUTH PARK PROJECTS 1) OCEANWIDE PLAZA : Oceanwide (~504 units, 189 keys) 2) Circa : Jamison (~564 units) 3) 1400 FIGUEROA APARTMENTS : DHG (~106 units) 4) 1501 S HILL : JADE Enterprises 5) ONYX EAST : JADE Enterprises (~162 units) 6) ONYX APARTMENTS WEST : JADE Enterprises 7) 1212 FLOWER ST. APARTMENTS : Onni (~730 units) 8) HOPE ST. APtS. : Full Power Properties : (~208 units) 9) Proposed Mixed Use: Shenglong (~650 keys) 10) TEN50 CONDOS : Trumark Urban (~151 units) 11) GRAND HIGHRISE : Mack Urban (~512 units) 12) 12th & GRAND : Wolff/Astani (~640 units) 13) 1201 Grand : Shenglong 14) E ON GRAND : 4D Development (~115 units) 15) 1233 Grand: Shenglong (~150 units) 16) J.W. MARRIOTT EXPANSION : AEG (~755 keys) 17) Olympic Tower: Neman (~374 units, 373 keys) 18) APEX II : Holland Partner Group (~341 keys) 19) LUXE DEVELOPMENT : Hazens (~350 units, 300 keys) 20) LIGHTSTONE HOTEL : (~1,100 keys) 21) 1130 HOPE ST. BOUTIQUE HOTEL (~44 keys) 22) LA CONVENTION CENTER EXPANSION : City 23) LOS ANGELES STREETCAR : City/LASI 24) MY FIGUEROA STREETSCAPE PROJECT : City 25) Cambria Hotel; Pacific Property Partners (225 Keys) 26) Mixed Use : (147 units) 27) Future Development: L & R 28) Future Development: Honda Site PROJECTS OUTSIDE OF SOUTH PARK 29) METROPOLIS : Greenland (~1540 units) 30) WILSHIRE GRAND : Korean Air (~900 keys) 31) THE BLOC : Ratkovich Company 32) 888 SOUTH HOPE : CIM Group (~526 units) 33) 744 Figueroa: Mitsui Fudosan (~436 units) 34) 801 OLIVE : Carmel Partners (~363 units) 35) FREEHAND HOTEL : Sydell Group (~200 keys) 36) 820 S OLIVE MIXED USE : Onni (~589 units) 37) ALEXAN S. BROADWAY : Trammel Crow (~305 units) 38) HILL ST. LOFTS : Barry Shy (~239 units) 39) BROADWAY PALACE : Palmer (~679 units) 40) SOLA VILLAGE : The Reef (~1,449 units) 41) 940 HILL: 940 Hill LLC (~232 units) 42) Hoxton Hotel: Hoxton 43) Onni Development: Onni Group UPCOMING MIXED USE SOUTH PARK II PROJECTS 44) 1001 OLIVE APARTMENTS : Lennar (~201 units) 45) FUTURE DEVELOPMENT : Cresecent Heights 46) OLIVE AVE. PROJECT : Mack Urban (~243 units) 47) MACK URBAN MIXED USE: Mack Urban 48) MIXED USE : Forest City (~391 units) 49) HERALD EXAMINER : Hearst 50) 12th & BROADWAY : Forest City 51) PROPER HOTEL : Kor Group/Alma (~151 keys) 52) PICO & OLIVE APARTMENTS : Wolff/Astani (~640 units) 53) PICO PROJECT : Mack Urban (~362 units) 54) 1340 S. OLIVE : Jade Enterprises (~154 units) 55) 14TH AND HILL: Dave Gordan (240 units)
DTLA BY THE NUMBERS POPULATION GROWTH RESIDENTIAL UNITS AVERAGE CONDO PRICE PER SQ. FT. 1999 18,700 2015 60,618 2015 2015 1999 1999 35,449 $605 11,626 $169 PROPERTY VALUE $13.6 BILLION 2015 A VIBRANT COMMUNITY $98,000 AVERAGE MEDIAN HOUSEHOLD INCOME OF RESIDENTS 66% OF RESIDENTS ARE BETWEEN AGES OF 23-44 79% OF RESIDENTS HAVE EARNED COLLEGE DEGREE OR HIGHER 500,000+ WEEKLY POPULATION $4.8 BILLION 1998 OPEN FOR BUSINESS 800+ NEW RESTAURANTS, BARS, RETAIL, NIGHTLIFE, AND AMENITIES 2008-2015 19 MILLION ANNUAL VISITORS CONTINUED GROWTH HOTEL ROOMS 8,163 CURRENT INVENTORY 2,515 UNDER CONSTRUCTION 2,876 PIPELINE RESIDENTIAL UNITS 35,449 CURRENT INVENTORY 10,170 UNDER CONSTRUCTION 15,334 PIPELINE Source: Downtown Center Business Improvement District, 2014 Annual Report