THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN,...

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Transcript of THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN,...

Page 1: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

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Page 2: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

Revitalization and restoration of two historic buildings

~300,000 SF of new retail, restaurants and offi ce with parking

Massive Smallman Street makeover features new sidewalks,

lighting, crosswalks, public plaza and bike lanes

Steps from the Allegheny River and Downtown Pittsburgh

Construction begins March 2019

IMAGINE THE POSSIBILITIES!

Claim your space in Pittsburgh’sauthentic Strip District.

Page 3: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

CITY OF CHAMPIONSPittsburgh is...

#2 City for Software

Developers

(LiveCareer.com, 2018)

#3 on National

Geographic’s

“The Cool List”

(natgeotraveller.co.uk, 2019)

A Top City

for Employee

Satisfaction

(inc.com)

#3 Metro Area for

STEM Professionals

(Wallethub, 2019)

#4 Best Places

to Travel

(Harper’s Bazaar, 2017)

One of the

Top 25 College Towns

in the Nation

(Wallethub, 2019)

#1 City for

Finding a Job

(Glassdoor, 2018)

#1 City that Appeals

to Millennials

(ApartmentList.com 2018)

One of the

Most Livable Cities

in the World

(Global Liveability Index, 2018)

Page 4: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

DEVELOPMENT OVERVIEW

Historic redevelopment of former 1,533’-long

Produce Terminal Building, built in 1926.

~160,000 SF of retail shops, restaurants,

a food-centric market and offi ce

277 surface parking spaces

Targeting LEED Silver core and shell

Improved pedestrian access

Contiguous public passageways at 17th and

18th to the riverfront trail

Page 5: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

DEVELOPMENT OVERVIEW

Historic redevelopment of 1921 structure

35,000 SF ground-level retail space;

85,000 SF offi ce space

Attached 229-stall parking facility

Targeting LEED Silver core and shell

New dock-level sidewalk, stair and ramps

Page 6: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

THE SIILICON STRIP “Technology and tech startups are raging on in the Burgh and there looks to be no end in sight with companies like Apple, Google, Disney

and Uber staking their claim in the City of Champions.”

NOTABLE TECHNOLOGY NEIGHBORSDistance from McCaff ery’s Strip District developments

23,850 SF OFFICE

0.2 mi

15,000 SF OFFICE

0.5 mi

60 EMPLOYEES OFFICE

0.5 mi

51,667 SF TECHNOLOGY CENTER

0.5 mi

45,000 SF HEADQUARTERS

0.3 mi

52,000 SF REGIONAL OFFICE

0.5 mi

102,963 SF OFFICE150 feet

83,000 SF TECHNOLOGY CENTER

1.2 mi

80,000 SF OFFICE

0.3 mi

32,000 SF OFFICE

0.4 mi

Source: PittsburghRealEstateTeam.com, October 2015.

Page 7: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

Source: CBS2 Pittsburgh, January 22, 2019

COLLEGE TOWN, U.S.A.Pittsburgh is one of the truly great college towns in America.

In fact, more than 30% of the population is made up of college and university students!

100,000 students are enrolled within 10 miles of the Strip District

28,649 students

2.3 miles away

3,827 students2.9 miles away

12,569 students4.7 miles away

18,913 students2.8 miles away

2,300 students4.6 miles away

10,364 students1.5 miles away

1,897 students2.6 miles away

Page 8: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

SUBMARKET DEVELOPMENTS

16th

St B

ridg

e

31st S

t Brid

ge

32nd

St

31st S

t

30

th S

t

29

th S

t

28

th S

t

27th

St

26

th S

t

25th

St

24

th S

t

23rd

St

21st S

t

15th

St

16th

St

17th

St

18th

St

19th

St

20

th S

t

Waterfront Pl

Smallman St

Mulberry

Spring Way

Penn Ave

Liberty Ave

Smallman St

Railroad St

Martin Luther King Jr East Busway (busses only)

Busway Feeder (busses only)

Bigelow Blvd

Railroad St

Allegheny River

Cliffside ParkC ffCl idif des e P rkPaarkC iffC sili dfs dee rPa k

Mulberry Way

Spruce Way

Spring Way

Sassafras Way

Penn Ave

Liberty Ave

13th

St

12th

St11

th S

t

14th

St

33rd

St

3

Lot

24

Riv.

West

25012555

Burns

White

560,000 SF Office - due 2020

The Stacks

67 Townhomes - due 2020

Strip District Brownstones

96 Apartments - delivered 2012

Lot 24

297 Apartments - delivered 2006

Cork Factory Lofts

300 Apartments - delivered 2016

The Yards

225,000 Mixed Use - due 2022

Rugby Site

364 Apartments - delivered 2018

Edge 1909

443 Apartments - due 2021

Riverfront Landing

225,000 SF Office - due 2020

District 15 Beta

107,000 SF Office - delivered 2018

Riverfront West

189 Apartments - proposed

Wholey’s Building

200,000 SF Office

One Waterfront Place

131 Keys - delivered 2018

AC Hotel

72 Apartments - delivered 2018

1627 on the Strip

52,000 SF Office - 2016

2501 Smallman

77,500 SF Office - delivered 2016

2555 Smallman

590 Parking Spots - delivered 2017

The Hub

110,000 SF Office - delivered 2017

Crucible Building

110,000 SF Office - delivered 2017

Burns White

105,000 SF Office - delivered 2018

District 15

150 Keys - delivered 2016

Homewood Suites

484KAnnual Visitors

237KAnnual Visitors

S f W

53,000 SF Office - delivered 2015

UBER

Riverfront

LandingRiverfront

Landing

District

15

1627

Wholey’s

Building

One Waterfront

Place

District 15

Beta

Edge 1909

Strip Distict Brownstones Rugby Site

Consumer’s

Produce

Cork

Factory

Lofts

The Yards

The Hub

The Stacks

Crucible

Building

31st

Street

Studios

Uber

Page 9: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

Where Old School Is New SchoolFrom industrial epicenter to historic

market district, The Strip District has

seen it all. That’s why so many say

the plucky, half-mile long stretch of

land between the Allegheny River, the

Hill District and 11th and 33rd Streets

“encompasses everything Pittsburgh

stands and is known for.”*

Today, old and new blend together to

create a truly authentic and one-of-a-

kind Pittsburgh experience. The still-

standing industrial warehouses now

function as food markets and coffee

shops, offices and innovation hubs,

art centers and ethnic restaurants,

antique dealers and fashion

boutiques. From morning commuters

to nightlife revelers, the Strip District

off ers something for everyone.

Source: www.nextpittsburgh.com

Page 10: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

PENN AVEPENN AVE

SMALLMAN ST

SMALLMAN ST

LIBERTY AVELIBERTY AVE

SPRING WAY

MULBERRY WAY

RAILROAD STWATERFRONT PL

21S

T S

T

22

ND S

T

20

TH S

T

17T

H S

T

18T

H S

T

19T

H S

T

16T

HT S

T16

TH

T S

T B

RID

GE

23

RD S

T

24

TH S

T

● <Lidia's Pittsburgh

● <Eleven● Mahla & Co

Antiques

● Leaf & Bean

● La PrimaEspresso

● Pittsburgh Popcorn Co

● P

rest

ogeo

rge

Cof

fee

& T

ea

● P

eppi

's

● W

hole

y's

● A

ndy'

s Su

shi B

ar

● M

aiku

Sus

hi

● L

otus

Foo

dC

ompa

ny

● G

auch

o Pa

rilla

Ar

gent

ina

● I

n Th

e Ki

tche

n

● G

ene

Sane

's

Inte

rior

Des

ign

● P

enze

y's

Spic

es●

Sam

bok

Kore

an

Gro

cery

● J

imm

y &

Nin

o Su

nser

i Co

● A

llegh

eny

Cof

fee

● M

y Sw

eet

Lily ● Chicken

Latino

● Pamela's Diner

● Smallman Gallery

● Peace, Love & Little Donuts

● D

eLuc

a's

● L

ucy'

s

● L

efty

's

● R

eal L

uck

Caf

e

ST. STANISLAUS CHURCH

ORCH

ARD

HILL

CHU

RCH

AMPL

IFY

CHUR

CH

CORK FACTORY LOFTS(297 apartments)

DELIVERED

EDGE 1909(364 Apartments)

DELIVERED

DISTRICT 15(105,000 SF Office)

RIVERFRONT LANDING PHASE II(443 Apartments)

DELIVERS 2021

STRIP DISTRICT BROWNSTONES(67 Townhomes)

● S

trip

Dis

tric

t M

eats

● P

NC

● R

eyna

Foo

ds

● C

afé

Ray

mon

d

● P

A Li

bati

ons

● Y

inze

r's

● A

rt o

f St

eel

● P

enn

Anim

al

Hos

pita

l

● R

oxan

ne's

● S

am's

in t

he S

trip

● T

he B

eerh

ive

RUGBY REALTY400,000 SF Offi ce

BREAKING GROUND 2019

● P

enn

Aven

uePo

tter

y

● B

lack

and

Gol

dFo

reve

r

● B

radl

ey's

Boo

ks

● S

alon

Sol

a

● M

arke

t O

utle

t

● M

ulla

ney'

s H

arp

& F

iddl

e

Scho

rin

Co ●

Gra

ndpa

Joe

's ●

H

ouse

of

Can

dy

Edlis

Bea

uty/

●B

arbe

r Su

pply

Smal

lman

Gal

ley ●

R W

ine

Cel

lar ●

Primanti Bros. ●

Loom

Pho

Van ●

Hot

Hau

te H

ot ●

Penn

sylv

ania

Mac

aron

i Co.

Penn

Ave

Fish

Bar

Mar

co ●

● W

igle

Whi

skey

Hom

e D

ecor

Liqu

idat

ors

Rol

and'

s Se

afoo

d ●

G

rill

S&D

Del

i ●

Gen

eral

Mer

ch ●

O

utle

t

Y&Q

Hom

e Pl

us ●

Litt

le B

angk

ok ●

Parm

a Sa

usag

e ●

The Olive Tap ●

Jthn. Moran ●

Mar

ket

Out

let ●

McD

onal

d's ●

Cav

o ●

Mer

aki S

tudi

o ●

Cak

e ●

Bel

la N

otte

East End Brewery ●

Kaya

Atel

ier

de F

er ●

Stam

oolis

Bro

s ●

Enri

co B

isco

tti ●

WFH

Ori

enta

l Mkt

Wes

Ban

co ●

Kelly

O's

Din

er ●

Luke Wholey's ● Alaskan Grill

● M

on

Aim

eeC

hoco

lat

Cio

ppin

o ●

Ost

eria

235

0 ●

● Shopping ● Booze/Entertainment ● Dining ● Purveyor / Grocery ● Coffee Shop ● Bank ALLEGHENY RIVER

● CFP Winemakers

● Pittsburgh Cruise Lines

● Consumer Fresh Produce

NOTABLE NEIGHBORS

Page 11: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

54

BUS54

54

BUS86

54

BUS88

54

BUS87

54

BUS91

BY BIKE

Three Rivers Heritage Trail Access

100 bike stalls at The Hub at 3 Crossings

Healthy Ride Pittsburgh Station on-site

10 blocks of protected bike lanes along Penn Ave.

BY CAR

4 minutes Downtown Pittsburgh

4 minutes Lawrenceville

5 minutes PNC Park

5 minutes Heinz Field

8 minutes University of Pittsburgh

8 minutes Duquesne University

11 minutes Carnegie Mellon University

BY FOOT

The Strip District Terminal and 1600 Smallman are at the

center of the Strip District’s colorful entertainment district,

just steps from its eclectic food purveyors, hip galleries,

hot eateries, and trendy breweries and distilleries.

PARKING

323 spaces To adjoin development

427 spaces Cork Factory Garage

575 spaces The Hub at 3 Crossings

+ 5 public surface parking lots within ½ mile

BY BUS

The 54, 86, 87, 88, and 91 travel through the Strip

District with stops on Liberty and/or Penn Avenue.

EXCEPTIONAL ACCESSIBILITY

Page 12: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018.

$85,482AVERAGE DISPOSABLE INCOME IN STRIP DISTRICT

85.8%RESIDENTS WITH BACHELOR’S DEGREES IN STRIP DISTRICT

$120,852AVERAGE HOUSEHOLD INCOME IN STRIP DISTRICT

$366,892AVERAGE HOME VALUE IN STRIP DISTRICT

Page 13: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

SITE PLANSTRIP DISTRICT TERMINAL

PHASE 1 PHASE 2 PHASE 3 PHASE 4

Page 14: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

PHASE 1THE STRIP DISTRICT TERMINAL

Page 15: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

PHASE 2THE STRIP DISTRICT TERMINAL

Page 16: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

PHASE 3THE STRIP DISTRICT TERMINAL

Page 17: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

PHASE 4THE STRIP DISTRICT TERMINAL

Page 18: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

BUILDING SECTIONTHE STRIP DISTRICT TERMINAL

Page 19: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

SITE PLAN1600 SMALLMAN

RENTABLE SPACE = 13,830 SF

USABLE SPACE = 12,903 SF

RENTABLE SPACE = 9,193 SF

USABLE SPACE = 8,577 SF

RENTABLE SPACE = 10,749 SF

USABLE SPACE = 10,028 SF

RENTABLE SPACE = 10,749 SF

USABLE SPACE = 10,028 SF

RENTABLE SPACE = 9,193 SF

USABLE SPACE = 8,577 SF

RENTABLE SPACE = 13,830 SF

USABLE SPACE = 12,903 SF

Page 20: THE - 1600 SMALLMAN - A new perspective...Source: CBS2 Pittsburgh, January 22, 2019 COLLEGE TOWN, U.S.A. Pittsburgh is one of the truly great college towns in America. In fact, more

THE

BRING YOUR BUSINESS TO PITTSBURGH’S MOST authentic NEIGHBORHOOD

ROSS MODJESKA312-784-2758

rmodjeska@mccaff eryinc.com