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JOIN & COMING SOON! 1 GTHE A R F I ELD For more information, please contact exclusive broker JOSEPH W. KHOURI CBRE, INC. First Vice President 950 Main Avenue, Suites 200 [email protected] Cleveland, Ohio 44113 1 216 658 6120 1 216 687 1800 2 G A R F I ELD 5 About The Garfield 6 The Opportunity 7 Floor Plan 8 Area Amenities & Downtown Cleveland Hot Topics 10 Area Retailers / Restaurants Area Residential / Hotels & Downtown Cleveland Overview 13 Cleveland By The Numbers 14 Downtown Cleveland Restaurant/ Hospitality Overview Map 3 NUMBERS OF THE AVENUE North Michigan Avenue has maintained a sub 4% vacancy rate since 1991. 4 ABOUT THE GARFIELD A RETAIL/ OFFICE LOCATION ON EAST 6TH STREET AND VINCENT AVENUE 610 Vincent Avenue offers 2,272 SF of space with an amazing 80+ feet of frontage on East 6th and 30 feet along Vincent Avenue, the ideal retail or office location. The premises is located on the ground floor of The Garfield, a $30+ Million Dollar apartment conversion with 123 units, the building is 13-stories. The space is located at the southeast corner of East 6th Street and Vincent Avenue just south of the Euclid corridor. Join Cleveland’s hottest restaurant, Marble Room Steaks and Raw Bar and coming soon, downtown Cleveland’s one and only Shake Shack at The Garfield. In recent years, the area has seen hundreds of millions of dollars in improvements from Public Square to Playhouse Square, including residential apartment conversion projects, luxury hotels, restaurants and the first downtown Cleveland grocery store Heinen’s Grocery Store and retail shopping in the 5th Street Arcade. Located on the Euclid Avenue, The Garfield offers a unique blend of daily city and tourism-driven traffic. Its proximity to East 4th Street, Public Square and the Gateway District (home of the Cleveland Cavaliers and Cleveland Indians). Drawing residents, office workers, tourists from all over downtown and nightlife revelers from East 4th Street and the Gateway District, 610 Vincent Avenue offers an ideal location for a retailers looking to position themselves at the center of Cleveland’s renaissance. 5 THE PREMISES IS LOCATED ON THE GROUND FLOOR OF THE GARFIELD, A $30+ MILLION DOL- LAR APARTMENT CONVERSION THE WITH 123 UNITS, THE BUILDING IS 13-STORIES. THE SPACE IS LO- CATED AT THE SOUTHEAST COR- OPPORTUNITY NER OF EAST 6TH STREET AND VINCENT AVENUE JUST SOUTH OF THE EUCLID CORRIDOR. JOIN CLEVELAND’S HOTTEST RESTAU- RANT, MARBLE ROOM STEAKS AND RAW BAR AND COMING 2,272 SF AVAILABLE AT SOON, DOWNTOWN CLEVELAND'S 610 VINCENT AVENUE ONE AND ONLY SHAKE SHACK AT CLEVELAND, OHIO 44114 THE GARFIELD. + The 2,272 SF space boasts offers 84 feet of frontage along East 6th Street, with 30 feet of frontage on Vincent Avenue. + The premises is located on the ground floor of The Garfield, a $30+ Million Dollar apartment conversion with 123 units, the building is 13-stories. The space is located at the southeast corner of East 6th Street and Vincent Avenue just south of the Euclid corridor. Join Cleveland’s hottest restaurant, Marble Room Steaks and Raw Bar and coming soon, downtown Cleveland’s one and only Shake Shack at The Garfield. + Corner location at East 6th Street and Vincent Avenue is just north of the epicenter of downtown Cleveland’s renaissance with hundreds of millions in new construction happening now. + Beautifully restored historic masonry exterior facade with expansive windows. + Deliveries accessible via Vincent Avenue. 6 N FLOOR PLAN VINCENT AVENUE EAST 6TH STREET THE GARFIELD RETAIL/ OFFICE SPACE MANAGEMENT OFFICE APPROX. 2,272 SF EUCLID AVENUE 7 Area Amenities + East 4th Street + Cleveland Convention Center Medical Mart + Progressive Field + Playhouse Square + The Q + First Energy Stadium + Public Square + Rock-n-Roll Hall of Fame + The Arcade + Great Lakes Science Center + 5th Street Arcade + Northcoast Harbor 8 Largest Employers Downtown Cleveland Hot Topics + Fortune 500 Companies: KeyCorp, Sherwin-Williams Co., & Parker Hannifin Corp. + PNC announced they will move 500 jobs to Cleveland + Class A Buildings: Key Tower, 200 Public Square, Fifth Third Center + IBM moving over 200 employees into Downtown’s NineTwelve District + The $566 million lnnerbelt Project, the largest single construction project in the history of the Ohio Department of Transportation opening to traffic both directions+ Northcoast Harbor + The completion of Playhouse Square’s spectacular restoration of the historic Ohio Theatre Lobby + Campus District’s completion of renovations to E. 22nd Street, one of the key connections identified in DCA’s + The Downtown Cleveland is packed of events for sports, arts and culture throughout the coming year, including the 2019 Major League All-Star Game, Tall Ships Festival, SPARX City Hop, Flats Festival of the Arts, and FRONT International public art exhibition. Cleveland was also awarded the 2022 NBA All-Star Game, upon the completion of the $185M dollar Quicken Loans Arena renovations. Area Retailers / Restaurants For more information, please contact exclusive broker JOSEPH W. KHOURI CBRE, INC. First Vice President 950 Main Avenue, Suites 200 [email protected] Cleveland, Ohio 44113 1 216 658 6120 1 216 687 1800 Area Residential / Hotels + Located at 515 Euclid Avenue, The + One block east of The Garfield Beacon is immediately adjacent to + Newly renovated historic building The Garfield. offering apartment suites & The + The 29-Story Building will feature Schofield Hotel 187 new one-bedroom and + Full Service Concierge Living with two-bedroom luxury apartments. Room Service, Housekeeping and + New Construction now pre-leasing for Valet Services Spring 2019. + Parker’s Downtown Restaurant On-site + Potbelly’s and Balance Pan Asian Downtown Cleveland Overview 130,000 CBD OFFICE EMPLOYEES 95% 88.6% 78.4% OVER 40,000 RESIDENTIAL TRADE AREA POPULATION RESIDENTIAL OCCUPANCY RETAIL OCCUPANCY HOTEL OCCUPANCY 11 Sources: www.thisiscleveland.com Downtown Cleveland Alliance 12 Cleveland.com CLEVELAND BY THE NUMBERS DEMOGRAPHICS & STATS THE RENAISSANCE OF EUCLID AVENUE HAS SEEN INVESTMENTS INTO THE TEN’S OF BILLIONS OF DOLLARS SINCE 2008. 18 HOTELS 4,647 ROOMS 36 MEDIAN AGE 100 RESTAURANTS & CAFES 50 NEW RETAILERS 2015 & 2016 1.6M SF OF RETAIL SPACE 48 OFFICE BUILDINGS 16.2M SF OFFICE SPACE 3,335 BUSINESS 1M 18,000 RESIDENTS BY 2018 82,772 DAYTIME POPULATION 1M 18M ANNUAL VISITORS $8.1B TOURISM ECONOMIC IMPACT 13 Major Sports Number Hotel Lake Erie Teams of Rooms Lake Erie Flats East Bank Voinovich Bicentennial Park Aloft 150 Proposed Lakefront Development Comfort Inn 145 DoubleTree 379 RESTAURANT & DOWNTOWN Drury Plaza 189 HOSPITALITY OVERVIEW Hampton Inn 194 CLEVELAND North Coast Harbor Hilton 600 Hilton Garden Inn 240 Holiday Inn Express & Suites 141 Hyatt Regency 293 Port of Cleveland Kimpton Schofield 122 130,000 office workers in CBD Marriott at Key Center 175 Opening Soon: Metropolitan at the 9 156 Radisson at Gateway 142 Fortune 500 Companies: KeyCorp, Sherwin-Williams Renaissance 491 FIRST ENERGY To I-90 STADIUM Burke LakefrontResidence Airport Inn 175 Co., & Parker Hannifin Corp. Warehouse District Ritz-Carlton 205 Proposed The Westin 484 Pedestrian 2 Bridge University Hotel 161 Class A Buildings: Key Tower, 200 Public Square, Wyndham at Playhouse Square 205 Total Hotel Rooms Fifth Third Center 4,647 Downtown Cleveland Cuyahoga River EY Tower Downtown residential population is projected to reach Flats East nearly 18,000 by the end of 2017 and 23,000 by the County Bank Courthouse Cleveland end of 2020 City Hall STARBUCKS Lakeside Ave Lakeside Ave Apartment occupancy is approximately 95% W 10 Cleveland Public East 4th Auditorium th St 2 Warehouse District Cleveland 16 hotels and over 4,000 rooms Convention STARBUCKS Global Center St Hamilton Ave Center for th St Galleria at Ontario St St Health th Erieview th Flats West E 9 Innovation Over 200 restaurants and cafes, 3 pro sports arenas W 9 St W 6 Bank th and entertainment attractions Center St Greater W St Clair Ave St Clair Ave Cleveland Aquarium E 12 St ST rd th PUBLIC Cleveland St th Jacobs SQUARE Ginza Quicken Loans Arena: 200 events E 6 Pavilion Weston- W 3 NORTH One Center Sushi House Citymark Key Tower E 18 Superblock Cleveland Progressive Field: 80+ Home Games Public Public Square Library W Superior Ave Campus Superior Ave Superior Ave 13M annual visitors to Jack Casino 200 Public Fifth Third District W Superior Ave St th 6 Square Center St th The Federal E 12 500,000 annual visitors to Rock n' Roll Hall of Fame Arcade E 13 OHIO CITY Courthouse Tower Theatre District City The Porcelli’s Bistro Beacon Center St W Huron Rd Euclid Ave st Payne Ave Chester Ave E 21 1M+ visitors to Playhouse Square th 24 E East 4 St STARBUCKS Colonial th Marketplace St 322 Carter Rd Residential trade area population is over 41,000 Cuyahoga River Chester Ave Cuyahoga River Helen Cleveland Convention Center: St Theatre th nuCLEus 150 seats Ohio Columbus Rd Public Square Westfield Theatre State 400 events projected for next 7 years. Development Insurance Outcalt 1,000 seats Theatre E 17 Theatre Theatre 3,200 seats 300 seats Allen 334 seats $6B in investment (2008 - 2015) Euclid Ave Theatre Connor Gateway 500 seats Palace Huron Rd Huron Rd Kennedy's 2,800 seats District Theatre Carter Rd 100 seats Prospect Ave Playhouse To I-90 79% population increase (2000-2015) E 9 Square Opening Soon: th St Hanna CLEVELAND STATE UNIVERSITY Theatre "Top Places in World Travel in 2015" QUICKEN Bolivar Rd 550 seats 17,730 Students STARBUCKS Ontario St LOANS Travel + Leisure, NY Times, LA Times, Buzzfeed & ARENA 20 Forbes Scranton Rd Above information from the Downtown Cleveland Alliance St CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the St th United States and other countries.