for lease
neighborhood overview SEISMIC SHIFT The past decade has been a game-changer for Chicago s South Loop, especially the Roosevelt Road corridor. Gone are the industrial warehouses and rundown buildings. Today the South Loop is one of the most popular addresses for a predominantly single, well-educated, highly mobile, sophisticated crowd. Condo sales are booming, the retail mix is growing, and restaurant openings are surging. NOW A REGIONAL DESTINATION With the population surge, Roosevelt Road has become a retail ringleader for the South Loop and beyond. In the center ring: Southgate Market. At the corner of Roosevelt Road and Canal Street, Southgate Market has the best position in the market, easily accessible from the Dan Ryan Expressway to the west and Lake Shore Drive to the east. Already, Southgate is home to leading retailers from Whole Foods and Starbucks to DSW and LA Fitness. 96% Population growth since 2000 183,000 Population density within 2 miles 720,000 Daytime Population 5 College campuses within 2-mile radius 45,000 College students 660,000 Employees
South Loop continues to grow: 5,404 RESIDENTIAL UNITS added since 2016... Project Name Units Delivery Date 1 Nema 790 2019 2 The Paragon 500 2019 3 Alta Roosevelt 496 2017 Halsted 90 Clinton to gro Harrison 6 Wells 3 Roosevelt Congress 14 7 5 Clark State 8 13 9 4 Michigan 1 4 Essex on the Park 476 2019 5 1000 S. Clark 469 2016 6 The Cooper 452 2018 7 AMLI Lofts 398 2015 15 94 Proposed 78 CHICAGO SITE 62 acre site 10M SF of buildings Wabash 10 11 2 12 8 1001 S. State 396 2016 9 Eleven40 320 2018 10 One333 307 2016 11 1419 S. Wabash 261 2019 12 1407 on Michigan 199 2018 13 30 East 134 2017 14 Library Lofts 106 2016 15 X University Village 100 2018... with thousands more coming soon!
meet the neighbors Well-Educated Committed Socializers NEIGH- ORHOOD N PLAY >81% have bachelors degree or higher >60% singles >$115,000 average household income 32.4 median age 86% white collar >50% renters
WHO they are This fast-growing group is highly mobile, educated many are students urban, diverse and drawn to walkable neighborhoods. 55% METRO RENTERS Average Household Size: 1.66 Median Age: 31.8 Median Household Income: $52,000 dominant demographics HOW they live WHAT they like WHO they are HOW they live The short answer: on their own. Most are singles making for the smallest average household size of all the market profiles. Some live alone, others with a roommate, many in older apartment buildings and condos in the city core. Wine at bars and restaurants Whole Foods and Trader Joe s Yoga, Pilates and downhill skiing Banana Republic, The Gap and Nordstrom Laptops and Lattes residents are well-educated, well-paid professionals in business, finance, law, technology and entertainment. They are cosmopolitan, connected, techsavvy, health conscious and environmentally aware. Laptops and Lattes enjoy city living and its amenities. Singles outnumber couples, but partner households, including same-sex couples, are well-represented. How they spend: A large piece of their wages goes to rent, clothes, and the latest technology. Computers Macs preferred and cell phones are an integral part of everyday life and are used interchangeably to connect with news, entertainment, shopping, dating sites and social media. Housing 111 Food 111 Apparel & Services 79 Transportation 106 15%+ LAPTOPS & LATTES Average Household Size: 1.85 Median Age: 36.9 Median Household Income: $93,000 How they spend: Housing 194 Health Care 88 Entertainment & Recreation 104 Education 127 Health Care 159 WHAT they like Nice clothes, dining, travel and spas Music, movies and museums Hiking, kayaking and clubbing Organic food from high-end markets No surprise lattes at Starbucks Food 185 Apparel & Services 133 Transportation 175 Entertainment & Recreation 184 Education 224
retail on the rise W TAYLOR ST SO UT H CA NA L ST ROOSEV ELT RD Proposed 78 CHICAGO SITE 62 acre site 10M SF of buildings MICHIGAN AVE SOUTH CLARK ST SO UT H HA LST ED W HARRISON ST
floor plans CANAL STREET LOWER LEVEL RAMP TO LOADING 51,000 SF 21,386 SF 14,720 SF 28,237 SF LOADING DOCK CANAL CANAL ST STREET 83.7 STREET LEVEL 58 4,858 SF TAYLOR STREET TAYLOR ST 28,981SF AVAILABLE 18,890 SF 4,360 SF 54,161 SF RAMP TO PARKING ABOVE RAMP TO PARKING ABOVE TAYLOR ST CANAL STREET P1 (UPPER LEVEL) 10,389 SF 10,389 SF GARAGE ENTRANCE TAYLOR ST TO ROOSEVELT TO TAYLOR AVAILABLE 16,523 SF P1 PARKING LEVEL 25,365 SF 25,365 SF 10,389 SF P1 PARKING LEVEL UP TO ADDITIONAL PARKING UP TO ADDITIONAL PARKING P1 PARKING LEVEL UP TO ADDITIONAL PARKING TO ROOSEVELT TO TAYLOR GARAGE ENTRANCE TO ROOSEVELT GARAGE TO TAYLOR ENTRANCE P1 LEVEL P1 LEVEL P1 LEVEL 25,365 SF 119 Parking Spaces UP N White Palace Grill Whole Foods Parking DOWN STREET LEVEL PLAN ROOSEVELT RD ROAD
floor plans P2 (3RD FLOOR) P3 (4TH FLOOR) TAYLOR STREET TAYLOR ST P2 LEVEL DOWN CANAL STREET 350 Parking Spaces UP CANAL ST CANAL STREET 350 Parking Spaces DOWN Elevator Lobby Elevator Lobby ROOSEVELT ROAD ROOSEVELT RD
OUTHGATE VERVIEW Best in Class Anchors Massive Customer Base 183,000 people within 2 miles 660,000 employees within 2 miles 45,000 college students Major Regional Destination CORRIDOR INCLUDES: 1.5M SF of retail Top Theatre in Illinois - Showplace Icon 25 major anchor retailers Convenient Ample free onsite parking 3 blocks from I-90/94 full interchange
JOE PARROTT, CRX, CLS Senior Vice President +1 312 297 7680 joe.parrott@cbre.com SEAN MCCOURT Vice President +1 312 297 7688 sean.mccourt@cbre.com CBRE 321 N. Clark Street, Suite 3400 Chicago, IL 60654 2018 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 or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_March2018