NEW DEVELOPMENT IN DOWNTOWN LA
NEW DEVELOPMENT IN DOWNTOWN LA JOIN NEIGHBORING TENANTS PROPERTY DESCRIPTION Location: 0 W Olympic Blvd, Downtown Los Angeles, CA NWC Olympic Blvd at Hill St Available Spaces: Space A: ±,006 SF (Restaurant with shaft) Space B: ±,850 SF (Retail or Restaurant) Space C: ±7,66 SF LEASED! Corridor Store Apparel and Coffee House Rent: $45 - $500/SF/Month, NNN (±$00/SF/Month) SOUTH PARK by Windsor 0 W Olympic Blvd Downtown Los Angeles Hanover Grand Hanover Olympic 44-450 W Olympic Blvd 9th W Olympic Blvd Master CUP in process for alcohol service Infrastructure for cooking shaft and grease interceptor pic Bl vd t Designed for creative restaurant or retail occupancy ym ll S Ol Hi 50 commercial on-grade customer parking spaces St ive 65 ceiling height throughout the ground floor Ol In the heart of the South Park neighborhood an da ve Commercial spaces beneath 84 luxury apartments Gr St PROPERTY HIGHLIGHTS Kennedy Wilson 5 S El Camino Drive, Beverly Hills, CA 90 0-887-6400 wwwkennedywilsoncom No warranty or representation is made to the accuracy of the foregoing information Terms of sale or lease and availability are subject to change or withdrawal without notice
New Development in Downtown LA 9T HS Three luxury mixed-use projects within two blocks along Olympic Blvd consisting of a total of 8,900 SF of ground floor creative restaurant and retail spaces beneath 80 luxury apartments HA N W OVE O RO lym LYM pic PI Blv C d OL A 4-4 NO 50 VE W R Oly GR mp AN ic D Blv d OL IVE ST PI ±,400 SF CB LV D HI LL 4 OL YM ST ±4,500 SF H GR AN DA VE ±,000 SF BL VD ST PIC IVE OL YM T
±,400 SF New Development in Downtown LA
New Development in Downtown LA PERSPECTIVE DEMISING PLAN C ±,850 SF CORRIDOR STORE APPAREL AND COFFEE HOUSE A ±,006 SF
New Development in Downtown LA LA s TIMES SQUARE LA s SOHO TIMES SQUARE Millennial Hipsters: SOHO Eclectic, avante garde, rugged tenants catering to the millennial hipster with money Very destination oriented SOHO Existing or Soon-to-Open - Acne Studios - Oak - APC - Tanner Goods - AESOP - Big Gay Ice Cream - KinBolk Studios - OmNom Organic - Ace Hotel Destination Visitors: TIMES SQUARE Anticipated tenants likely to be interested in West South Park In addition to existing large credit tenant restaurant group Bloomingdale s Barney s Gelson s PF Chang s Forever Pottery Barn The Cheesecake Factory Uniqlo Bed, Bath, & Beyond Crunch Fitness Destination Visitor: TIMES SQUARE Concerts Conventions Sports Corporate Professionals South Park is THE LINK Crucial opportunity to link together two disparate neighborhoods Important to draw the kind of users that will motivate conventioners to travel East and hipsters/ young professionals to travel West Millennial Hipsters: SOHO Young Professionals FIDM Students Artists & Designers Craetive Office Employees Anticipated Tenants - Gant - Yves Saint Laurent - Varvatos - Eataly - Woho House - SkinGraft - Hudson - Maxfield - Warby Parker Catalytic Developments - Brad Korzen boutique hotel - Iterald Examiner Building - th/main creative office The South Park Collection is The Link between South Broadway and LA LIVE, two very different neighborhoods with diverse daily and nightly populations South Broadway, from 7th Street to th Street, is transforming into DTLA s version of Soho Hip boutique hotels, historic residential JUSTIN buildings, WEISScreative office tenants, Executive and Vice avant President garde retailers are flocking to this Senior neighborhood Associate In comparison, the Kennedy Times Wilson Square Brokerage West neighborhood surrounding Kennedy LA Wilson LIVE, Brokerage Staples Center, and the LA Convention Center draws millions of destination visitors and shoppers per year In addition, there are thousands of luxury, new-construction residential units here As a link between these two neighborhoods, retailers at the South Park Collection will have the unique opportunity to draw customers from both and elevate into one of the most eclectic destinations in Downtown
New Development in Downtown LA KEY: LA CONVENTION CENTER LA CONVENTION CENTER FIGUEROA ST PICO BLVD FLOWER ST LA LIVE STAPLES CENTER 5 HOPE ST HOPE ST 4 0 4 5 6 8 7 6 0 9 8 4 9 5 4 0 8 GRAND AVE 5 OLYMPIC BLVD FLOWER ST FLOWER ST 7 5 8 4 9 OLIVE ST 7 6 HILL ST 9TH ST 4 9 BROADWAY 8TH ST MAIN ST OLIVE ST 7 4 5 6 0 MULTIFAMILY FOOD USE HOTEL OFFICE/OTHER * See numbered list on following page Three luxury mixed-use projects within two blocks along Olympic Blvd consisting of a total of 8,900 SF of ground floor creative restaurant and retail spaces beneath 80 luxury apartments
New Development in Downtown LA MULTIFAMILY MULTIFAMILY CONTINUED MULTIFAMILY CONTINUED FOOD USE HOTEL SOUTH PARK BY WINDSOR 84 luxury units GB 0 EC Q-05 HANOVER OLYMPIC 6 luxury units GB Q-04 EC Q-06 HANOVER GRAND 7 luxury units GB Q-04 EC Q-06 4 Luxury Lofts 50 units Developed by Barry Shy GB Q-05 5 The Blackstone* 90 apartment lofts 6 Luxury Apartments 700 units, 70K SF retail Developed by GH Palmer GB Q-04 EC 06-07 7 Luxury Lofts 50 units Developed by Barry Shy EC N/A - no timeline revealed 8 Former Glass Tower Developed by Trumark Urban 5 condominiums GB Q-05 EC -6 9 Planned High-Rise Site Developed by Mac Urban 700 units GB Q-05 EC 07 Existing Apts & Condos Under Construction Apts & Condos 0 The Packard Lofts* 0 luxury lofts Renaissance Tower Apartments* 00 units Mixed-Use Apartment Tower 0 luxury units Developed by Onni EC Q-05 888 Hope 56 apartments GB Q-04 EC 4Q-05 4 77 Olympic* Luxury apartment tower 6 units 5 Planned Mix-Use Apartment Tower United Methodist Church Unentitled 6 Market Lofts* 60 condominium lofts 7 8th & Hope* 90 luxury units Developed by Wood Partners 8 Grand Lofts* 50 condominium lofts 9 Elleven* 60 luxury high-rise condos 0 Luma* 40 luxury high-rise condos Pipeline (entitled and unentitled) Apts & Condos,5 units 4,09 units,885 units 08 EXPECTED TOTAL: 0,09 units Evo* 04 luxury high-rise condos Fig Central GB N/A - undisclosed Met Lofts 40 units 4 Luxury Apartments 00 units Developed by Lennar GB 4Q-04 EC Q-06 5 00 Fig 648 condominiums In entitlements 6 Hope 08 apartments Developed by Amacon GB unkown EC unkown 7 00 Flower 70 units Omni Group In entitlements 8 G 640 apartments Developed by Wolff Company GB Q-04 EC Q-06 9 Forest City South Park 77 units Developed by Forest City GB Q-04 EC 06 0 Eastern Columbia Lofts 40 condominiums Developer KOR WaterMarke Tower units Developed by WaterMarke Group New Development 76 units Carmel Partners Development GB 0 EC Q-06 Unnamed Restaurant/Lounge EC Q-04 Planned Restaurant Space 8,000 SF restaurant The Stocking Frame Bar/restaurant 4 Rivera Restaurant Latin restaurant 5 The Palm Surf & turf restaurant 6 Arashi Suchi Japanese restaurant 7 Planned Restaurant Unnamed 8 Il Mare Italiano Italian restaurant 9 Hygge Bakery Bakery 0 Starbucks Choco Chicken Planned Restaurant Market Café Restaurant/café Bottlerock Wine Shop/restaurant OFFICE/OTHER The Desmond Luxury creative office Developed by Lincoln Partners ECQ-04 Fashion Institute of Design and Merchandising College ±,000 students Standard Oil Building Creative office 4 Planned FIDM Campus & Apartments 5 Petroleum Tower Creative office The Ace Hotel Planned 80-room boutique hotel Planned Korzen 4-Star Hotel Boutique hotel Conversion begins mid-04 Planned 5-Star Boutique Hotel Developed by Chetrit Group Pperated by King & Grove 00 rooms EC Q 04 4 Planned 4-Star Boutique Hotel Construction begins mid-04 The Well Clothing Boutique Trendy apparel and salon Ralph s Fresh Fare Supermarket Crossfit Fitness 4 Salon Eleven Salon 5 Urban Fit Fitness 6 Whole Foods Supermarket
New Development in Downtown LA The New Downtown Los Angeles As Angelenos celebrate the 6th year of the Downtown LA Renaissance, the statistics reflect a booming, 4/7, vibrant Downtown LA The growth and redevelopment since 999, when Staples Center opened and the Adaptive Reuse Ordinance passed, has been constant and has spurred a transformation NEARLY TRIPLED Population Growth 8,700 999 57,797 04 Residential Units,66 999,776 04 Price of a One Bedroom Condo (PSF) $686 999 $5000 04 CONTINUED GROWTH DOUBLED OPEN FOR BUSINESS Hotel Rooms 7,96 Current Inventory,64 Under Construction Residential Units,776 Current Inventory 7,408 Under Construction Property Value $48 billion 999 $ billion 04 700+ New restaurants, bars, retail, nightlife, and amenities 008-0 $9 billion Invested 999-04,469 Pipeline 4,058 Pipeline A VIBRANT COMMUNITY $98,700 avg median household income of residents 75% of residents are between the ages of -44 80% of residents have a college degree or higher 500,000 employees 0 million annual visitors 49 million passengers travel through the 7th St/ Figueroa Metro station annually $,6,500,000 Arts & Entertainment $,604,700,000 Civic & Institutional $5,79,500,000 Mixed-Use $7,65,400,000 Residential $898,800,000 Commercial $,500,000,000 Figueroa Corridor/Expo Park TOTAL Investment in Downtown LA 999-04 $9,6,900,000 Source: Downtown Center Business Improvement District, 0 Annual Report Kennedy Wilson 5 S El Camino Drive, Beverly Hills, CA 90 0-887-6400 wwwkennedywilsoncom No warranty or representation is made to the accuracy of the foregoing information Terms of sale or lease and availability are subject to change or withdrawal without notice