Restaurant & Retail Spaces for Lease...LEE SHAPIRO Executive Vice President Kennedy Wilson Brokerage...

Restaurant & Retail Spaces for LeaseNEW DEVELOPMENT IN DOWNTOWN L.A.

THE HANOVER SOUTH PARK COLLECTION

HANOVER SOUTH PARK301 W. Olympic Blvd. | Los Angeles, CA 90015

LEE SHAPIROExecutive Vice President Kennedy Wilson Brokerage [email protected] License #00961769

JUSTIN WEISSSenior AssociateKennedy Wilson Brokerage [email protected] License #01920886

Kennedy Wilson | 9701 Wilshire Blvd., Suite 700, 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.

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PROPERTY DESCRIPTION

Location: 301 W. Olympic Blvd., Downtown Los Angeles, CANWC Olympic Blvd. at Hill St.

Available Spaces: ±12,400 SF (divisible)Rent: $4.00 - $4.50/SF/Month, NNN (±$1.00/SF/Month)

PROPERTY HIGHLIGHTS

� Commercial spaces beneath 284 luxury apartments � In the heart of the Southpark neighborhood � 16.5’ ceiling height throughout the ground floor � 50 commercial on-grade customer parking spaces � Designed for creative restaurant occupancy � Master CUP in process for alcohol service � 2 retail shafts for restaurant ventilation

� Ample outdoor patio seating

� Completion scheduled for the 2nd Quarter, 2015

Olympic Blvd.

Hill St.

Grand

Ave

.

9th St.

Hanover Grand414-450 W. Olympic Blvd.

Olive S

t.

HANOVER SOUTH PARK301 W. Olympic Blvd.

Hanover Olympic321 W. Olympic Blvd.

DowntownLos Angeles




HANOVER SOUTH PARKPart of the Hanover 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. HANOVE

R OLY

MPI

C

321 W

. Olym

pic B

lvd.

RETAIL±12,000 SF

RETAIL±14,500 SF

RETAIL±12,400 SF


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.






RETAIL±12,400 SF





“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


Eclectic, avante garde, rugged tenants catering to the millennial hipster with money. Very destina-tion 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- Gant- Yves Saint Laurent- Varvatos- Eataly- Woho House- SkinGraft- Hudson- Maxfield- Warby Parker

Catalytic Developments- Brad Korzen boutique hotel- Iterald Examiner Building- 12th/Main creative office

Destination Visitors: “TIMES SQUARE”

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

HANOVER SOUTH PARK L.A.’s “SOHO”L.A.’s “TIMES SQUARE”

The Hanover 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 Hanover South Park Collection will have the unique opportunity to draw customers from both and elevate into one of the most eclectic destinations in Downtown.





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



LA LIVE

LA CONVENTIONCENTER

LA CONVENTIONCENTER

STAPLESCENTER

1

1

29

27

26

25

28

30

3132

23





MULTIFAMILY

1. HANOVER SOUTH PARK284 luxury unitsG.B. 2013E.C. 1Q-2015

2. HANOVER OLYMPIC263 luxury unitsG.B. 3Q-2014E.C. 2Q-2016

7. HANOVER GRAND273 luxury unitsG.B. 2Q-2014E.C. 1Q-2016

4. Luxury Lofts250 unitsDeveloped by Barry ShyG.B. 2Q-2015

5. The Blackstone*90 apartment lofts

6. Luxury Apartments700 units, 70K SF retailDeveloped by GH PalmerG.B. 3Q-2014E.C. 2016-2017

7. Luxury Lofts250 unitsDeveloped by Barry ShyE.C. N/A - no timeline revealed

8. Former Glass TowerDeveloped by Trumark Urban151 condominiumsG.B. 1Q-2015E.C. 2-16

9. Planned High-Rise SiteDeveloped by Mac Urban700 unitsG.B. 3Q-2015E.C. 2017

MULTIFAMILY CONTINUED

10. The Packard Lofts*120 luxury lofts

11. Renaissance Tower Apartments*200 units

12. Mixed-Use Apartment Tower303 luxury unitsDeveloped by OnniE.C. 1Q-2015

13. 888 Hope526 apartmentsG.B. 2Q-2014E.C. 4Q-2015

14. 717 Olympic*Luxury apartment tower161 units

15. Planned Mix-Use Apartment TowerUnited Methodist ChurchUnentitled

16. Market Lofts*Mixed-use260 condominium lofts

17. 8th & Hope*290 luxury unitsDeveloped by Wood Partners

18. Grand Lofts*50 condominium lofts

19. Elleven*Mixed-use160 luxury high-rise condos

20. Luma*Mixed-use240 luxury high-rise condos

RETAIL

1. The Well Clothing BoutiqueTrendy apparel and salon

2. Ralph’s Fresh FareSupermarket

3. CrossfitFitness

4. Salon ElevenSalon

5. Urban FitFitness

6. Whole FoodsSupermarket

HOTEL

1. The Ace HotelPlanned 180-room boutique hotel

2. Planned Korzen 4-Star HotelBoutique hotelConversion begins mid-2014

3. Planned 5-Star Boutique HotelDeveloped by Chetrit GroupPperated by King & Grove300 roomsE.C. 2Q 2014

4. Planned 4-Star Boutique HotelConstruction begins mid-2014

OFFICE/OTHER

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


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






Source (Pages 26-27): Downtown Center Business Improvement District, 2013 Annual Report

As Angelenos celebrate the 15th 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

600+ New restaurants, bars, retail, nightlife, and amenities 2008-2013

$17.3 billionInvested 1999-2013

DOUBLED

Property Value

$4.8 billion 1999

$10.6 billion 2013

CONTINUED GROWTH

Hotel Rooms

5,524Current Inventory

1,292Under Construction

1,688Pipeline

Residential Units

31,000+Current Inventory

5,000+Under Construction

13,000+Pipeline

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

31,181 2013

Price of a One Bedroom Condo (PSF)

$168.61 1999

$487.89 2013

Population Growth

18,700 1999

53,320 2013

Investment in Downtown L.A.1999-2013

$17,311,897,436

$1,163,500,000 Arts & Entertainment

$2,604,700,000 Civic & Institutional

$798,800,000 Commercial

$5,229,483,647 Mixed-Use

$6,015,413,789 Residential

$1,500,000,000 Figueroa Corridor/Expo Park

TOTAL

Source: Downtown Center Business Improvement District, 2013 Annual Report



HANOVER OLYMPIC321 W. Olympic Blvd. | Los Angeles, CA 90015











Location: 321 W. Olympic Blvd., Downtown Los Angeles, CANEC Olympic Blvd. at Olive St.


PROPERTY HIGHLIGHTS

� Commercial spaces beneath 263 luxury apartments � In the heart of the Southpark neighborhood � 15’ - 16’ ceiling height throughout the ground floor � 8 commercial on-grade customer parking spaces � Designed for creative restaurant occupancy � Master CUP in process for alcohol service � Three (3) retail shafts for restaurant ventilation � Completion scheduled for the 2nd Quarter, 2016


Olympic Blvd.

Hill St.

Grand

Ave

.

9th St.

Hanover Grand414-450 W. Olympic Blvd.

HANOVER OLYMPIC321 W. Olympic Blvd.

Hanover South Park301 W. Olympic Blvd.

Olive S

t.

HANOVER OLYMPICPart of the Hanover South Park Collection321 W. Olympic Blvd. | Los Angeles, CA 90015




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

SOUTH

PARK

301 W

. Olym

pic B

lvd.

RETAIL±12,000 SF

RETAIL±14,500 SF

RETAIL±12,400 SF








RETAIL±14,500 SF





“SOHO”

“TIMES SQUARE”
















HANOVER OLYMPIC L.A.’s “SOHO”L.A.’s “TIMES SQUARE”







MULTIFAMILY

FOOD USE

HOTEL

RETAIL

OFFICE/OTHER

KEY:


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



LA LIVE

LA CONVENTIONCENTER

LA CONVENTIONCENTER

STAPLESCENTER

1

2

29

27

26

25

28

30

3132

13





MULTIFAMILY






















RETAIL



3. CrossfitFitness


5. Urban FitFitness


HOTEL





OFFICE/OTHER






FOOD USE










10. Starbucks




















Apts & Condos






HANOVER OLYMPICPart of the Hanover Collection of Properties301 W. Olympic Blvd. | Los Angeles, CA 90015





OPEN FOR BUSINESS



DOUBLED

Property Value

$4.8 billion 1999

$10.6 billion 2013

CONTINUED GROWTH

Hotel Rooms



1,688Pipeline

Residential Units



13,000+Pipeline

A VIBRANT COMMUNITY







NEARLY TRIPLED

Residential Units

11,626 1999

31,181 2013


$168.61 1999

$487.89 2013

Population Growth

18,700 1999

53,320 2013


$17,311,897,436




$5,229,483,647 Mixed-Use



TOTAL




OPEN FOR BUSINESS



DOUBLED

Property Value

$4.8 billion 1999

$10.6 billion 2013

CONTINUED GROWTH

Hotel Rooms



1,688Pipeline

Residential Units



13,000+Pipeline

A VIBRANT COMMUNITY







NEARLY TRIPLED

Residential Units

11,626 1999

31,181 2013


$168.61 1999

$487.89 2013

Population Growth

18,700 1999

53,320 2013


$17,311,897,436




$5,229,483,647 Mixed-Use



TOTAL



HANOVER GRAND415-450 W. Olympic Blvd. | Los Angeles, CA 90015











Location: 415-450 W. Olympic Blvd., Los Angeles, CA 90015SEC Olympic Blvd. at Grand Ave.


PROPERTY HIGHLIGHTS

� Commercial spaces beneath 273 luxury apartments � In the heart of the Southpark neighborhood � 14’ ceiling height throughout the ground floor � 50 commercial on-grade customer parking spaces � Designed for creative restaurant occupancy � Master CUP in process for alcohol service � Three (3) retail shafts for restaurant ventilation � Completion scheduled for the 1st Quarter, 2016

Olympic Blvd. Hill St.

Grand

Ave

.

9th St.Hanover Olympic321 W. Olympic Blvd.

HANOVER GRAND415-450 W. Olympic Blvd.

Hanover South Park301 W. Olympic Blvd.

Olive S

t.


HANOVER GRANDPart of the Hanover South Park Collection415-450 W. Olympic Blvd. | Los Angeles, CA 90015




OLYMPIC BLVD.

OLYMPIC BLVD.

GRAND A

VE.

OLIVE S

T.

HILL S

T.

OLIVE S

T.

9TH ST.

HANOVER

SOUTH

PARK

301 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








RETAIL±12,000 SF





“SOHO”

“TIMES SQUARE”
















HANOVER GRAND L.A.’s “SOHO”L.A.’s “TIMES SQUARE”







MULTIFAMILY

FOOD USE

HOTEL

RETAIL

OFFICE/OTHER

KEY:


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



LA LIVE

LA CONVENTIONCENTER

LA CONVENTIONCENTER

STAPLESCENTER

1

3

29

27

26

25

28

30

3132

12





MULTIFAMILY






















RETAIL



3. CrossfitFitness


5. Urban FitFitness


HOTEL





OFFICE/OTHER






FOOD USE










10. Starbucks




















Apts & Condos











OPEN FOR BUSINESS



DOUBLED

Property Value

$4.8 billion 1999

$10.6 billion 2013

CONTINUED GROWTH

Hotel Rooms



1,688Pipeline

Residential Units



13,000+Pipeline

A VIBRANT COMMUNITY







NEARLY TRIPLED

Residential Units

11,626 1999

31,181 2013


$168.61 1999

$487.89 2013

Population Growth

18,700 1999

53,320 2013


$17,311,897,436




$5,229,483,647 Mixed-Use



TOTAL

Source: Downtown Center Business Improvement District, 2013 Annual Report

Restaurant & Retail Spaces for Lease...LEE SHAPIRO Executive Vice President Kennedy Wilson Brokerage...

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Transcript of Restaurant & Retail Spaces for Lease...LEE SHAPIRO Executive Vice President Kennedy Wilson Brokerage...