HIGHLAND PARK 1805 MARKET CENTER BLVD

1805 MARKET CENTER BLVDD A L L A S , T E X A S

D A L L A S D E S I G N D I S T R I C T | R E D E V E L O P M E N T O P P O R T U N I T Y

TURTLE CREEK

HIGHLAND PARK

UPTOWN

OAK LAWN AVE

E IRVING BLVD

MARKET CENTER BLVD

DALLAS NORTH TOLLWAY

35

DECORATIVE CENTER

WHEELHOUSE

OAK

TOWN HEARTH

MEDDLESOME MOTH

SCOTTISH RITEHOSPITAL

KARPIDAS COLLECTION

CONDUIT GALLERYTHE DUNHILL

DALLAS MARKET CENTER

GRIT FITNESS

LUCCHESE

INESSA STEWART’SCHASE BANK

INTERNATIONAL ON TURTLE CREEK

UPTOWN

DOWNTOWN DALLAS

VICTORYPARK

MARKET CEN

TER BLVD

OAK LAWN AVE

N RIVE

RFRO

NT BLV

D

MARGARET HUNT HILL BRIDGE

WOODALL ROGERS FWY

E IRVING BLVD

35

DALLAS DESIGN DISTRICT

DRAGON ST

1805 MARKET CENTER | 2 22

CHASE BANK

DECORATIVE CENTER

DALLAS DESIGN CENTER

PDNB GALLERY

BELLA FLORA

CRAIGHEADGREEN

SAMUEL LYNNE

LAURA RATHEFINE ART

CINQ GALLERY

SITE 131

110 LESLIE

TEXAS ALE PROJECT

REVOLVE MODERN

TOWN HEARTH

THE CRESCENT

LUCCHESE

INESSA STEWART’SWHEELHOUSEWWW

SASSETTA

MEDDLESOME MOTH

KARPIDASCOLLECTION

GRIT FITNESS

Comprising ±4.42 acres, this Property is currently improved with three buildings totaling approximately 108,000 square feet. The assemblage is conveniently located at the main street junctions of Oak Lawn, Market Center and Irving Blvd, offering outstanding convenience and access. This block – containing popular dining attractions such as El Bolero, Pie Tap, and Town Hearth – is truly at the center of this exciting and rapidly-gentrifying urban district. Art, taste, energy, and modern lifestyle define this transformational urban location. Originally constructed in the mid-1950s as warehouse and show room space, this property is now poised for 21st century redevelopment. A revised and progressive zoning ordinance passed in 2002 created the “Old Trinity and Design District Special Purpose District” to allow for the development of various mixed-use projects with a modern transit-oriented focus.

This central desination property offers skyline views, eclectic walkable amenities, proximity to surrounding urban districts, and access to the planned Trinity River Corridor recreational developments. Even south of the Trinity River, burgeoning new developments such as Trinity Groves and Slyvan Thirty offer unique lifestyle destinations. Future tenants and visitors to this property are mere minutes from Victory Park, Uptown, West End, the Medical District, and Downtown Dallas. Whether you prefer dining, gallery hopping, tastings at local craft breweries, attending a major sporting event, or simple recreation, this Design District location can cater to many passions.

1805 Market Center Boulevard provides investors with a well-timed opportunity to acquire a meaningful stake in the ongoing renaissance of this truly unique, upscale, and gentrifying urban neighborhood.

ASSET PROFILE ZONING INFORMATION

EXECUTIVE SUMMARY

THE OPPORTUNITY

CBRE is pleased to present the opportunity to acquire a 100% fee-simple interest in 1805 Market Center, 1715 Market Center, and 1800 Irving Boulevard (“the Property”) – a unique 4.4-acre assemblage in the heart of the Design District.

1715 MARKET CENTER BLVD1805 MARKET CENTER BLVD1800 MARKET CENTER BLVD

±75,207 SF±22,937 SF±9,981 SF

YEAR BUILT 1950 - 1957SITE SIZE ±4.42 AC

FRONTAGE ±300’ – Market Center Blvd±336’ – Irving Blvd

TRAFFIC COUNT ±274,000 Vehicles Daily on nearby I-35E

ZONING PD 621 Old Trinity and Design District Special Purpose District

PERMITTED USES INCLUDE: Commercial, Retail, Office, Multi-Family, Indus-trial and Miscellaneous uses.

Zoning documents are posted in their entirety and may be obtained from the Property’s document center on CBRE Deal Flow.

} ±108,122 SF TOTAL

35

HI LINE DR

E IRVING BLVD

OAK

LAW

N AV

E

RIVERFRONT BLVD

LEVEE ST

DRAGON ST

TURT

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BLV

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HARRY HINES BLVD

KATY

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MARKET CENTER BLVD

N STEMMONS FWY

1805 MARKET CENTERD A L L A S , T E X A S

TOWN HEARTH

SASSETTA

WHEEL HOUSE

DALLAS DESIGN CENTER

LAURA RATHEFINE ART

CRAIGHEADGREEN

SAMUELLYNNE

TEXAS ALEPROJECT`

CINQGALLERY

HERITAGEAUCTION

KARPIDASFOUNDATION

MARTINGALLERY

LUCCHESE

MEDDLESOME MOTH

PAK PAOOAK

PROPOSEDDESIGN DISTRICTBOUTIQUE HOTEL

ARPEGGIOVICTORY PARK

1805 MARKET CENTER | 4 4

110 LESLIE

One of the most prominent contempo-rary art and furnishing districtt in the United States.

In a city full of fascinating neighborhoods and trendy developments, the Dallas Design District has carved out an identity all its own. Eclectic yet upscale, the Design District is a key piece of Dallas’ cultural fabric comprised of its name-sake interior design showrooms, art galleries, fine dining establishments, craft breweries and most recently, luxurious apartment homes with

a vibrant live-work-play community, as well as office space designed for the new millennium.

But the Design District has grown to become much more than the design industry, the area is now seeing its first apparel retailers who are selling ev-erything from custom tailored men’s suits to women’s fashion. Art galleries have been migrating to Dragon Street and the farthest corners of the Design District for nearly a decade, making the area the epicenter of the gallery scene in the city, and a place for art lovers to find everything from French Impressionism painting to contemporary art. Slocum Street, sandwiched between Dragon to the west and Hi Line to the east, is internationally re-nowned for its antique shops which still define the street, but Slocum too has diversified in recent years away from predominantly French and classical antiques (although there are still plenty of those to choose from) to also in-clude mid-century modern furniture and just steps away on Howell Street, some of the coolest vintage and thrift shops in the city!

As the Design District continues to expand westward over the next few years into the new and old Trinity Districts that abut the Trinity River, look for more residential, office, and mixed-use development.

Entertainment options in the district have also diversified in recent years. Ex-amples include Bowlounge, a retro bowling alley/bar concept that has been a millennial hotspot since its opening in 2013. Another significant offering of the district is a planned upscale eatery and craft beer garden by investor and philan-thropist Claude Albritton, which will feature his highly regarded Texas contemporary art collection. The District will soon be home to the Virgin Hotel, and is already home to many of Dallas’ top restaurants such as FT33, Town Hearth, Meddlesome Moth, Bolero, Oak, and Rodeo Goat.

DALLAS DESIGN DISTRICT

5

NOTABLE ATTRACTIONS | ART GALLERIES

The Design District is known for its world class art galleries and showrooms, and more recently for its upscale dining and residential offerings.

ART GALLERIES

» 1. Dallas Contemporary »A non-collecting art museum presenting new

and challenging ideas from regional, national and international artists. This museum is a fundamental building block of the District, attracting more and more galleries and contemporary art venues.

»

» 2. Karpidas Foundation »Housed in a 29,000 square foot space on Hi Line Drive, this private collection showcases works curated since the 1970s by Pauline Karpidas, the English art collector. One of the most renowned private holdings of contemporary art in the world.

»

» 3. Goss Michael Foundation»One of the leading contemporary “Young British

Artists” collections in the United States.

»

» 4. galerie frank elbaz »Internationally prominent galerie frank elbaz opened in 2002 in the district of Le Marais in Paris, and in 2016, inaugurated a second space in Dallas, Texas. The gallery regularly invites curators or artists to propose exhibitions projects and participates in international art fairs year round.

»

» 5. Dallas Art Fair Gallery (coming soon)»The premier Art Fair in the Southwestern U.S. is

locating its offices to the Design District and will soon open its own gallery space.

7

Karpidas Foundation

DESIGN DISTRICT | ATTRACTIONS

SHOWROOMS

»11. Scott + Cooner contemporary and modern European

»12. Roche Bobois French contemporary

»13. Ornare Brazilian luxury design

»14. Waterworks Bath and kitchen design

»15. Steelcase Office design

»16. Big Mango Trading Co Brazilian luxury design

»17. The Mews Bath and kitchen design

»18. Reclaimed Design Works Office design

»19. Guggenhome Modern design, furniture and art

»20. Circa20c Mid century and modern vintage furniture

»21. Heritage Auction House The world’s largest collectibles auctioneer

»22. AMS Ducati »

EVENT VENUES

»23. The Empire Room

»24. d.e.c. on dragon st

»25. IQ Haus

»26. 7 for Parties

»27. Studios 1019 »

» »

ART GALLERIES (cont.)

6. Dallas Moderne

7. PDNB Gallery

8. Chris Worley Fine Arts

9. Haas Motorcyle Museum & Sculpture Gallery

10. Couture Gallery

The Dallas Design District is home to more than 50 distinct art galleries and museums.

1805 MARKET CENTER

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27

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37

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DallasDesignCenter

1805 MARKET CENTER | 8

DESIGN DISTRICT MAP

Art Galleries/Museums

Church/School

Dallas Decorative Center & Surrounding Area

Design Showrooms

Dining & Entertainment

Flooring/Textiles/Home Goods

Hotel/Residential

Interior Designers/Fabricators

Non-Public Office/Personal Services

Retail/Professional Services

Other

Map courtesy of dallasdesigndistrict.com.

RESIDENTIAL

28. Alexan Riveredge

29. Alta Strand

30. AVANT on Market Center

31. The Dunhill Design District

32. Camden Design District

33. Alta Design District

DINING/ENTERTAINMENT

34. Town Hearth

35. FT33

36. Bolero

37. Meddlesome Moth

38. Oak

39. Pakpao

40. Texas Ale Project

41. Rodeo Goat

AREA ATTRACTIONS

42. Virgin Hotel

43. Community Brewery

44. Dallas Mavericks Training

Center

9Mural inside el Bolero

Property Highlights

» High-profile, ±4.4-acre site with an irreplaceable Design District location.

» Unobstructed views of downtown Dallas and Victory Park, and the Margaret Hunt Hill Bridge, and the Trinity River Corridor.

» Outstanding nearby restaurants, galleries, recreation and lifestyle amenities

» Convenient frontage on Market Center Blvd and Irving Blvd.

INVESTMENT HIGHLIGHTS | 1805 MARKET CENTER

Zoning Permits Significant Flexibility

Trinity River Corridor Special Purpose District zoning provides investors with tremendous flexibility with the future use of the Property.

» Compelling opportunity to reposition the asset:

› Multifamily development

› Destination restaurant and retail

› Creative office space to attract technology, advertising, and architectural/design businesses

› Hotel

Convenient Location to Multiple Attractions:

» Restaurants

» Craft Breweries

» Art & Design Galleries

» Sports & Entertainment

» Trinity River

» Victory and Uptown Districts

» Downtown Dallas

» Trinity Groves

MAR

KET C

ENTE

R BL

VD

OAK LAWN AVE

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ZONING

A wide variety of potential uses are allowed including multifamily, retail, hotel, office, recreation, and more.

ZONING PD 621 (Subdistrict 1)

PERMITTED USES INCLUDE Retail, Multi-Family, Hotel, Office and more

MAXIMUM DENSITY None

MAXIMUM HEIGHT 150 feet

MINIMUM SETBACKS None (100% lot coverage)

MAXIMUM FAR 4:1 base FAR / bonus to 4.5:1 FAR

SPECIAL DISTRICTS Design District TIF District

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SITE SURVEY


SITE SURVEY

Research & Information Division214.670.1685dallas-ecodev.org

DALLASECONOMICDEVELOPMENT

Source: Parcels - Dallas CAD 2016 Certified Rolls; All Other Data - City of Dallas, 2017

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²Design District TIF District

Created 3.21.2017, Updated 3.22.2017 - TIF_DesignDistrict.TCG

Disclaimer: This product is for informational purposes andmay not have been prepared for or be suitable for legal,engineering, or surveying purposes. It does not representan on-the-ground survey and represents only the approximaterelative location of property boundaries.

!( Rail Station

DART Light Rail

Commuter Rail

Freeway

City ofDallas

DesignDistrict

TIF

Tollway

Arterial

Local Road

Waterway

Park

Flood Plain

Market Center / Stemmons Sub-district Parcel

Market Center / Stemmons Sub-district Boundary

Design District Sub-district Boundary

Design District Sub-district Parcel

Demographic Profile

» Residents in this highly mobile and educated market live alone or with a roommate in older apartment buildings and condos located in the urban core of the city. This is one of the fastest growing segments; the popularity of urban life continues to increase for consumers in their late twenties and thirties. Metro Renters residents income is above the US average, but they spend a large portion of their wages on rent, clothes, and the latest technology. Computers and cell phones are an integral part of everyday life and are used interchangeably for news, entertainment, shopping, and social media. Metro Renters residents live close to their jobs and usually walk or take a taxi to get around the city.

Socioeconomic Traits

» Well-educated consumers, many currently enrolled in higher education.

» Very interested in the fine arts and strive to be sophisticated; value education and creativity.

» Willing to take risks and work long hours to get to the top of their profession.

» Become well informed before purchasing the newest technology.

» Prefer environmentally safe products.

» Socializing and social status very important.

Metro Renter : Design District residents tend to be young, successful, and culture-centric individuals with a preference for city life.

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Median Age

32.7 » Bishop Arts: 35.8

» Knox-Henderson: 33.6

» Uptown: 31.8

Avg HH Income

$100,893 » Bishop Arts: $82,262

» Knox-Henderson: $89,123

» Uptown: $122,419

Workforce

76.3%white collar

workers

» Bishop Arts: 61.5%

» Knox-Henderson: 71.6%

» Uptown: 92.4%

DEMOGRAPHICS

P R O X I M I T Y T O L O C A L A R E A A M E N I T I E S

35E

75

30

183

45

MOCKINGBIRD LN

N WESTMORELAND RD

SINGLETON BLVD

HARRY HINES BLVD

LEMMON AVE

30

35E

75

366

DALLAS LOVE FIELD5.6 Miles

8,600 Employees15.6M Passengers Per Year

HIGHLAND PARK VILLAGE4.8 Miles

VICTORY PARK1.2 Miles

$3B, 75-Acre Development

TRINITY GROVES1.9 Miles

NORTHPARK CENTER7.4 Miles

KNOX - HENDERSON3.5 Miles

DOWNTOWN DALLAS2.5 Miles

92,000 Employees

ARTS DISTRICT2.6 Miles

WEST VILLAGE2.5 Miles

MEDICAL DISTRICT2.3 Miles

28,000 Employees

UPTOWN2.3 Miles

28,000 Employees

DESIGN DISTRICT370 Shops & Showrooms

VIRGIN HOTEL200 Rooms

2019 Completion

PROXIMITY TO LOCAL AREA AMENITIES


Dallas/Fort Worth: Leading Population & Job Growth

» Highly desirable central U.S. location with the world’s third-busiest airport.

» Pro-business environment with low costs of living and doing business.

» Second-fastest growing metro in the U.S. (350+ new residents each day).

» Highest annual job growth rate (2.0%) among the largest U.S. metros.

» Third-highest projected job growth through 2020 (452,470 jobs over five years).

» Unemployment rate (3.8%) remains comfortably below the national average (4.9%, seasonally adjusted).

Top Employment Growth Rate | Largest Metros

RANK MSA TOTAL EMPLOYMENT

ANNUAL JOB GROWTH

ANNUAL JOB

GROWTH %

1 Dallas-Fort Worth-Arlington, TX 3,683,700 100,400 2.8%

2 New York-Newark-Jersey City, NY-NJ-PA 9,767,700 89,300 0.9%

3 Atlanta-Sandy Springs-Roswell, GA 2,785,100 56,000 2.1%

4 Miami-Fort Lauderdale-West Palm Beach, FL 2,695,400 52,000 2.0%

5 Los Angeles-Long Beach-Anaheim, CA 6,125,600 50,700 0.8%

Dallas/Fort Worth is the leading job growth market in the United States

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© 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verifiedit and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirmits accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financialand legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

1805 MARKET CENTER BLVDD A L L A S , T E X A S

D A L L A S D E S I G N D I S T R I C T | P R E M I E R R E D E V E L O P M E N T O P P O R T U N I T Y

EXCLUSIVE MARKETING ADVISORS

MARTY NEILON First Vice President 214.979.6134 [email protected]

NITA STEWART First Vice President 214.979.6535 [email protected]

For additional information regarding this opportunity, please visit our page on CBRE Deal Flow.

HIGHLAND PARK 1805 MARKET CENTER BLVD

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