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Retail Space Available for Lease LAKE POINT TOWER 505 NORTH LAKE SHORE DRIVE CHICAGO, IL 60611 RETAIL SPACE AVAILABLE FOR LEASE ANNUAL VISITORS OPPORTUNITY 54.1M TO CHICAGO (2016) VISITORS TO NAVY PIER FOR 10,700 SF 180 M SINCE 1995 ANNUAL VISITORS FLAGSHIP 9.3M TO NAVY PIER (2016) SPENT ON PHASE 1 OF NAVY AVAILABLE $115M PIER’S “CENTENNIAL VISION” A. RICK SCARDINO MICHAEL ELAM RESIDENTS WITHIN Principal Associate [email protected] [email protected] 773.355.3040 773.355.3048 1 MILE (2017) 9450 West Bryn Mawr Avenue | Suite 550 Rosemont, IL 60018 53.7K www.lee-associates.com AVERAGE HOUSEHOLD All information furnished regarding property for sale, rental, or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is (2017) submitted to errors, omissions, change of price, rental, or other conditions prior to sale, lease, INCOME WITHIN 1 MILE or financing or withdrawal without notice. No liability of any kind is to be imposed on the brokers herein. $164K MILE TO THE MAGNIFICENT 2/3 MILE SHOPPING CORRIDOR A WORLD THE RENOWNED DESTINATION IN VISION YOUR FRONT YARD Navy Pier dominates tourism in Chicago and is the Midwest’s most popular leisure destination with more than 9.3 million visitors annually. In 2016, Navy Pier completed Phase 1 of an impressive reimagination and redevelopment of this historical landmark in honor of its 100th anniversary. Dubbed the “Centennial Vision”, this exciting project enhanced and improved public spaces, expanded year-round programming, and added more exciting entertainment and local restaurant options. Situated in Navy Pier’s front yard, Lake Point Tower offers the opportunity for a flagship restaurant, entertainment, or retail location that can easily be experienced by locals and visitors alike. Navy Pier is the anchor for Chicago’s liveliest scene for entertainment, food, family, and fun - all of this surrounded by breathtaking views of the city and Lake Michigan. This space will cater to tourists, entertainment seekers, and area residents of this world renowned destination. 10,700 SF GRAND AVENUE THE OF FLAGSHIP SPACE NEXT TO NAV Y PIER SPACE CHICAGO’S MOST. ICONIC LANDMARK. Lake Point Tower presents an incredible opportunity to create a unique retail, restaurant, and/or entertainment experience that Navy Pier visitors and Chicago residents UP TO alike will flock to. With more than 345 feet of frontage facing 10,700 SF Chicago’s top tourist attraction and its over 9.3 million annual AVAILABLE STREETER DRIVE visitors, Lake Point Tower greets all that come to partake in the LAKE SHORE DRIVE experience that is like no other - Navy Pier. This 10,700 square foot retail space is ideal for use as a restaurant with much of the necessary infrastructure already in place including a shaft for black iron as well as the required mechanical, electrical, and plumbing needs. There is also an opportunity for an expansive outdoor patio with NAV Y PIER beautiful views of Polk Bros Plaza and Park. Given the area’s family friendly vibe, entertainment or retail stores would also be excellent uses for the space. ILLINOIS STREET # ATTRACTIONS # SHOPPING (BOLD = CENTERS) # HOTELS (# OF ROOMS) OAK STREET 1 John Hancock Center & 360 Chicago 1 Chanel 16 Apple 1 The Drake (609) 39 Aloft (272) 1 1 1 2 Chicago Water Tower 2 900 N Michigan Shops 17 Nike 2 Four Seasons (345) 40 Fairfield Inn (180) 2 WALTON STREET 3 Museum of Contemporary Art 3 Bloomingdale’s 18 Treasure Island Foods 3 Westin (752) 41 Hyatt Place (212) 3 5 4 6 4 Magnificent Mile 4 Gucci 19 Trader Joe’s 4 Millennium Knickerbocker (306) 42 Palomar (261) 2 5 4 2 3 7 5 Navy Pier 5 Louis Vuitton 20 Crate & Barrel 5 Hilton Suites (345) 43 The Gwen (311) DELAWARE PLACE 6 Tribune Tower 6 Uniqlo 21 Burberry 6 Residence Inn (221) 44 InterContinental (792) THE 8 10 1 9 7 The Wrigley Building 7 Macy’s 22 Room & Board 7 Dewitt (82) 45 Embassy Suites (455) CHESTNUT STREET 8 Chicago Riverwalk 8 American Girl Place 23 Nordstrom 8 Whitehall (222) 46 Hampton Inn (230) 7 10 9 11 9 James R. Thompson Center 9 Water Tower Place 24 Shops at North Bridge 9 Tremont House (135) 47 Courtyard (337) 6 8 11 LAKE SHORE DRIVE PEARSON STREET 10 The Chicago Theatre 10 The Lego Store 25 Whole Foods 10 Raffaello (160) 48 Residence Inn (270) 3 11 Crain Communications Building 11 Coach 26 Target 11 Ritz-Carlton (434) 49 Kinze Hotel (215) 2 3 12 12 Aon Building 12 Ralph Lauren 27 Old Navy 12 Park Hayatt (198) 50 SpringHill Suites (253) CHICAGO AVENUE 13 Chicago Cultural Center 13 Neiman Marcus 28 Mariano’s 13 The Peninsula (339) 51 Loews (400) 12 14 Millennium Park 14 Saks Fifth Avenue 29 Block 37 14 Cambria (215) 52 Westin (424) LOCATION 13 13 14 15 Maggie Daley Park 15 The Disney Store 30 Macy’s 15 Warwick Allerton (443) 53 Hotel Chicago (353) SUPERIOR STREET 15 16 16 Homewood Suites (127) 54 The Langham (316) 14 15 17 17 Hampton Inn (225) 55 Trump International (339) HURON STREET 4 18 Dana (216) 56 Sheraton (1,214) 19 16 4 18 19 Omni (347) 57 Hilton Garden Inn (191) 18 17 ERIE STREET 20 Holiday Inn Express (174) 58 Wyndham Grand (334) 22 20 5 21 AC Hotel (226) 59 Hampton Inn (143) 20 27 19 21 21 23 24 6 25 26 22 Conrad (311) 60 LondonHouse (452) ONTARIO STREET FAIRBANKS COURT 23 Red Roof Inn (195) 61 River Hotel (346) 7 29 30 32 1 28 8 1 31 33 24 Hyatt Centric (419) 62 Comfort Suites (119) OHIO STREET 25 Fairfield Inn (185) 63 Hyatt Regency (2,019) ST. CLAIR STREET CLURG COURT 34 36 9 22 MICHIGAN AVENUE C 26 Hotel EMC2 (195) 64 Swissôtel (661) 35 38 37 M GRAND AVENUE 27 The W (520) 65 Renaissance (560) 39 10 11 44 45 6 28 Embassy Suites (368) 66 theWit (310) 23 25 13 8 5 40 41 42 43 24 12 2 3 14 7 15 9 10 2 29 The James (297) 67 Monaco (191) ILLINOIS STREET 16 RUSH STREET 30 Courtyard (306) 68 Virgin (250) 17 46 47 19 26 4 18 6 31 Inn of Chicago (357) 69 Hard Rock Hotel (381) HUBBARD STREET 32 Ivy (63) 70 Fairmont (687) 50 21 48 3 7 51 33 DoubleTree (500) 71 Radisson Blu (334) 20 49 4 5 KINZIE STREET 55 34 Acme (130) 72 Camria (198) 56 (SELECT, 23 24 26 # 35 Hilton Garden Inn (357) 73 Hotel Allegro (483) # HIGH-END) 54 ENTERTAINMENT RESTAURANTS 36 Freehand (150) 74 Hyatt Place (206) 53 12 1 AMC Dine-In Theatre 1 Spiaggia 16 Riva Crab House 52 37 Homewood Suites (233) 75 The Alise (122) 22 11 25 WACKER DRIVE 2 Lucky Strike 2 Rosebud 17 Topolobampo 38 Marriott (1,198) 60 3 AMC Theatre 3 NoMI Kitchen 18 Ruth’s Chris 58 61 63 64 4 Pinstripes 4 Tru 19 Benny’s Chop House 8 5 57 59 62 29 5 Polk Bros Park Performance Lawns 5 The Capital Grille 20 RPM Steak SALLE DRIVE # A STATE STREET CLARK STREET 6 Navy Pier IMAX at AMC Theatre 6 Les Nomades 21 Shaw’s Crab House (# OF ROOMS/UNITS) 27 L 67 28 69 DEVELOPMENTS DEARBORN STREET 71 65 7 Chicago Children’s Museum 7 Steak 48 22 Chicago Cut 1 Aloft Hotel 165,000 SF 22 Floors Hotel (394) WELLS STREET 66 68 70 8 Centennial Wheel & Pier Park 8 Primehouse 23 Harry Caray’s 2 Navy Pier Hotel 160,000 SF 5 Floors Hotel (222) LAKE STREET 8 9 Chicago Shakespeare Theater 9 Fleming’s 24 STK 3 403 N Wabash 123,750 SF 17 Floors Residential (50) 6 10 7 STETSON STREET 28 30 10 Amazing Chicago’s Funhouse Maze 10 Mastro’s 25 Smith & Wollensky 4 Gateway Tower 2,159,100 SF 127 Floors Mixed-Use 9 12 COLUMBUS DRIVE 11 House of Blues 11 Eddie V’s 26 Sixteen 5 Vista Tower 1,414,400 SF 94 Floors Mixed-Use (616) 11 72 27 12 10Pin Bowling Lounge 12 Texas de Brazil 27 Prime & Provisions 6 Even Hotel 52,500 SF 18 Floors Hotel (175) RANDOLPH STREET 13 13 Chicago Theatre District (5 Theatres) 13 Cite 28 Morton’s 7 171 N Wabash 53,200 SF 7 Floors Residential (60) 9 73 14 AMC Dine-In Theatre 14 Harry Caray’s Tavern 29 Stetson’s 8 195 N Columbus 488,000 SF 60 Floors Residential (574) 29 30 13 14 15 15 15 Jay Pritzker Pavilion & Harris Theater 15 DMK Burger & Fish Bar 30 III Forks 9 130 N Franklin 1,198,350 SF 51 Floors Office 14 WASHINGTON STREET WABASH AVENUE FRANKLIN STREET 74 75 2017 DEMOGRAPHICS 0.5 MILE 1.0 MILE 1.5 MILE THE POPULATION 18,324 53,672 97,810 NUMBERS HOUSEHOLDS 12,351 36,362 64,668 (OCCUPIED) AVERAGE HOUSEHOLD $152,447 $164,145 $147,732 INCOME MEDIAN AGE 38.9 38.6 37.4 0.5 MILE DAYTIME 17,704 184,237 497,121 EMPLOYEES DAYTIME DEMOGRAPHICS 22,481 199,661 523,905 1.0 MILE (16 YEARS+) ANNUAL HOUSEHOLD $1.18 B $3.70 B $6.04 B EXPENDITURE 1.5 MILE FROM A NAVAL BASE TO NAVY PIER: THE “PEOPLE’S PIER” Navy Pier has been an iconic thread in the fabric of Chicago and a popular destination throughout much of its history. Opened to the public in 1916 and originally named “Municipal Pier”, Navy Pier was built under nationally-known THE architect Charles Sumner Frost based on Daniel Burnham’s “Master Plan of Chicago”.
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