Restaurant & Retail Spaces for Lease NEW DEVELOPMENT IN DOWNTOWN L.A. THE SOUTH PARK COLLECTION SOUTH PARK by Windsor 301 W. Olympic Blvd. | Los Angeles, CA 90015 LEE SHAPIRO Executive Vice President Kennedy Wilson Brokerage 310-887-6226 [email protected]CalBRE License #00961769 JUSTIN WEISS Senior Associate Kennedy Wilson Brokerage 213-538-8631 [email protected]CalBRE License #01920886
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Restaurant & Retail Spaces for Lease · 2017. 4. 7. · HANOVER GRAND. Olympic Blvd. RETAIL YMPIC. Olympic Blvd. ±12,000 SF RETAIL ±14,500 SF RETAIL ±12,400 SF THE SOUTH PARK COLLECTION
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Restaurant & Retail Spaces for LeaseNEW DEVELOPMENT IN DOWNTOWN L.A.
THE SOUTH PARK COLLECTION
SOUTH PARK by Windsor301 W. Olympic Blvd. | Los Angeles, CA 90015
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com 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.
JOIN NEIGHBORING TENANTS
Restaurant & Retail Spaces for LeaseNEW DEVELOPMENT IN DOWNTOWN L.A.
THE SOUTH PARK COLLECTION
SOUTH PARK by Windsor301 W. Olympic Blvd. | Los Angeles, CA 90015
LEE SHAPIROExecutive Vice President Kennedy Wilson Brokerage [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
PROPERTY DESCRIPTION
Location: 301 W. Olympic Blvd., Downtown Los Angeles, CANWC Olympic Blvd. at Hill St.
Available Spaces: Space A: ±2,006 SF (Restaurant with shaft)Space B: ±2,850 SF (Retail or Restaurant)Space C: ±7,662 SF LEASED!Corridor Store Apparel and Coffee House
� Commercial spaces beneath 284 luxury apartments � In the heart of the South Park neighborhood � 16.5’ ceiling height throughout the ground floor � 50 commercial on-grade customer parking spaces � Designed for creative restaurant or retail occupancy � Master CUP in process for alcohol service � Infrastructure for cooking shaft and grease interceptor
Olympic Blvd.
Hill St.
Grand
Ave
.
9th St.
Hanover Grand414-450 W. Olympic Blvd.
Olive S
t.SOUTH PARK by Windsor
301 W. Olympic Blvd.
Hanover Olympic321 W. Olympic Blvd.
DowntownLos Angeles
THE SOUTH PARK COLLECTION
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
OLYMPIC BLVD.
OLYMPIC BLVD.
GRAND A
VE.
OLIVE S
T.
HILL S
T.
OLIVE S
T.
9TH ST.HANOVE
R GRA
ND
414-
450 W
. Olym
pic B
lvd.
HANOVER
OLYM
PIC
321 W
. Olym
pic B
lvd.
RETAIL±12,000 SF
RETAIL±14,500 SF
RETAIL±12,400 SF
THE SOUTH PARK COLLECTION
Three luxury mixed-use projects within two blocks along Olympic Blvd. consisting of a total of 38,900 SF of ground floor creative restaurant and retail spaces beneath 820 luxury apartments.
SOUTH PARK by Windsor301 W. Olympic Blvd. | Los Angeles, CA 90015
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
RETAIL±12,400 SF
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
PERSPECTIVE DEMISING PLAN
CORRIDOR STORE APPAREL AND COFFEE HOUSE
RETAIL C±2,850 SF
RETAIL A±2,006 SF
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
“SOHO”
“TIMES SQUARE”
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 ProfessionalsFIDM StudentsArtists & DesignersCraetive Office Employees
Destination Visitor: “TIMES SQUARE”
ConcertsConventionsSportsCorporate Professionals
Millennial Hipsters: “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- AESOP- Big Gay Ice Cream- KinBolk Studios- OmNom Organic- Ace Hotel
Anticipated tenants likely to be interested in West South Park. In addition to existing large credit tenant restaurant group.
Bloomingdale’sBarney’sGelson’sP.F. Chang’sForever 21Pottery Barn
The Cheesecake FactoryUniqloBed, Bath, & BeyondCrunch Fitness
SOUTH PARK by Windsor L.A.’s “SOHO”L.A.’s “TIMES SQUARE”
The South Park Collection 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 DTLA’s version of Soho. Hip boutique hotels, historic residential buildings, creative office tenants, and avant garde retailers are flocking to this neighborhood. In comparison, the “Times Square West” neighborhood surrounding L.A. LIVE, Staples Center, and
the L.A. 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.
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
MULTIFAMILY
FOOD USE
HOTEL
RETAIL
OFFICE/OTHER
KEY:
* See numbered list on following page
5
PICO BLVD.
OLYMPIC BLVD.
OLIVE S
T.
HILL ST.
HOPE
ST.
FLOW
ER S
T.
FIGU
EROA
ST. GRAND AVE.
9TH ST.
8TH ST.
MAIN
ST.
BROADW
AY
HOPE ST.
FLOW
ER ST.
FLOW
ER ST.
OLIVE S
T.
67
48
9
10
11
12
1314
15
16
17
18
19
20
21
2223
24
1
2
4
3
2
34
5
4
5 82
3
7
6
10
19
11
12
13
5
4
3
1
2
THE SOUTH PARK COLLECTION
Three luxury mixed-use projects within two blocks along Olympic Blvd. consisting of a total of 38,900 SF of ground floor creative restaurant and retail spaces beneath 820 luxury apartments.
LA LIVE
LA CONVENTIONCENTER
LA CONVENTIONCENTER
STAPLESCENTER
1
1
29
27
26
25
28
30
3132
23
LEE SHAPIROExecutive Vice President Kennedy Wilson [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
MULTIFAMILY
1. SOUTH PARK BY WINDSOR284 luxury unitsG.B. 2013E.C. 1Q-2015
1. The DesmondLuxury creative officeDeveloped by Lincoln PartnersE.C.2Q-2014
2. Fashion Institute of Design and MerchandisingCollege±2,000 students
3. Standard Oil BuildingCreative office
4. Planned FIDM Campus & Apartments
5. Petroleum TowerCreative office
FOOD USE
1. Unnamed Restaurant/LoungeE.C. 2Q-2014
2. Planned Restaurant Space8,000 SF restaurant
3. The Stocking FrameBar/restaurant
4. Rivera RestaurantLatin restaurant
5. The PalmSurf & turf restaurant
6. Arashi SuchiJapanese restaurant
7. Planned Restaurant Unnamed
8. Il Mare ItalianoItalian restaurant
9. Hygge BakeryBakery
10. Starbucks
11. Choco ChickenPlanned Restaurant
12. Market CaféRestaurant/café
13. BottlerockWine Shop/restaurant
MULTIFAMILY CONTINUED
21. Evo*Mixed-use304 luxury high-rise condos
22. Fig CentralG.B. N/A - undisclosed
23. Met Lofts Mixed-use240 units
24. Luxury Apartments200 unitsDeveloped by LennarG.B. 4Q-2014E.C. 3Q-2016
25. 1200 Fig648 condominiumsIn entitlements
26. 1133 Hope208 apartmentsDeveloped by AmaconG.B. unkownE.C . unkown
27. 1200 Flower730 units Omni GroupIn entitlements
28. G12 640 apartmentsDeveloped by Wolff CompanyG.B. 2Q-2014E.C. 2Q-2016
29. Forest City South Park177 unitsDeveloped by Forest CityG.B. 1Q-2014E.C. 2016
30. Eastern Columbia Lofts140 condominiumsDeveloper KOR
31. WaterMarke Tower 233 unitsDeveloped by WaterMarke Group
32. New Development726 unitsCarmel Partners DevelopmentG.B. 2013E.C. 2Q-2016
Existing Apts & Condos
Under ConstructionApts & Condos
Pipeline(entitled and unentitled)
Apts & Condos
2,115 units 4,092 units 3,885 units
2018 EXPECTED TOTAL: 10,092 units
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com 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.
LEE SHAPIROExecutive Vice President Kennedy Wilson Brokerage [email protected] License #00961769
JUSTIN WEISSSenior AssociateKennedy Wilson Brokerage [email protected] License #01920886
SOUTH PARK by WindsorPart of the South Park Collection301 W. Olympic Blvd. | Los Angeles, CA 90015
Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.
Source: Downtown Center Business Improvement District, 2014 Annual Report
As Angelenos celebrate the 16th year of the Downtown LA Renaissance, the statistics reflect a booming, 24/7, vibrant Downtown LA. The growth and redevelopment since 1999, when Staples Center opened and the Adaptive Reuse Ordinance passed, has been constant and has spurred a transformation.
The New Downtown Los Angeles
OPEN FOR BUSINESS
700+ New restaurants, bars, retail, nightlife, and amenities 2008-2013
$19.1 billionInvested 1999-2014
DOUBLED
Property Value
$4.8 billion 1999
$11.1 billion 2014
CONTINUED GROWTH
Hotel Rooms
7,961Current Inventory
2,164Under Construction
1,469Pipeline
Residential Units
33,776Current Inventory
7,408Under Construction
14,058Pipeline
A VIBRANT COMMUNITY
� $98,700 avg. median household income of residents
� 75% of residents are between the ages of 23-44
� 80% of residents have a college degree or higher
� 500,000 employees
� 10 million annual visitors
� 14.9 million passengers travel through the 7th St./ Figueroa Metro station annually
NEARLY TRIPLED
Residential Units
11,626 1999
33,776 2014
Price of a One Bedroom Condo (PSF)
$168.61 1999
$520.00 2014
Population Growth
18,700 1999
57,797 2014
Investment in Downtown L.A.1999-2014
$19,161,900,000
$1,163,500,000 Arts & Entertainment
$2,604,700,000 Civic & Institutional
$898,800,000 Commercial
$5,729,500,000 Mixed-Use
$7,265,400,000 Residential
$1,500,000,000 Figueroa Corridor/Expo Park
TOTAL
Source: Downtown Center Business Improvement District, 2013 Annual Report