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Home , Downtown Houston, Houston Museum District, Rothko Chapel, Texas Medical Center, Upper Kirby

3017 HIGHLY COVETED LOCATION IN A thriving, pedestrian-friendly, urban MILAM community adjacent to STREET which benefi ts from the Houston • MIDTOWN 24-hour consumer base. +1.15 ACRES

FOR MORE INFORMATION, CONTACT:

Simmi Jaggi Elizabeth Clampitt Chris Bergmann, Jr. Managing Director Senior Vice President Vice President 713 888 4098 713 888 4075 713 425 5868 [email protected] [email protected] [email protected] THE OFFERING - A PREMIER REDEVELOPMENT OPPORTUNITY INVESTMENT JLL is pleased to present 3017 Milam to the market. 3017 Milam is in the middle of Houston’s booming Midtown trade area. 3017 Milam Street is approximately 1.15 Acres (50,094 SF). The HIGHLIGHTS property occupies the entire block, bound by Anita Street and Milam Street and Rosalie Street and Travis Street.

UNPARALLELLED LOCATION Midtown is located southwest of Houston’s Downtown area and north of Houston’s Museum District and Medical Center. Montrose, located directly west of Midtown, is a vibrant, historic, and arts focused area. 3017 Milam is a few blocks from the US 59 entrance, providing quick access to areas including: Downtown, the Museum District, Montrose, , West University, and all within a 10 minute drive.

ECONOMIC STABILITY - SOLID DRIVERS Located within the Houston-Galveston-Brazoria Consolidated Metropolitan Statistical Service Area (CMSA), the Property resides in the fi fth largest metropolitan area in the , with an area of 9,444 square miles and a population of approximately 6 million people.

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

Population 27,818 200,411 479,293

Households 16,212 92,022 209,153

Families 4,113 33,907 95,906

Average Household Size 1.60 1.88 2.15

Owner Occupied Housing Units 5,074 32,989 82,962

Renter Occupied Housing Units 11,138 59,033 126,191

Median Age 35.5 34.9 34.9

Average Household Income $102,138 $116,922 $108,495

BUSINESS SUMMARY 1 MILE 3 MILE 5 MILE TRAFFIC COUNTS VEHICLES PER DAY

Total Businesses 2,279 14,697 27,153 Milam St. 14,593 Total Employees 32,674 458,270 642,240 Travis St. 21,763 Total Residential Population 27,818 200,411 479,293 Anita St. 465 Employee/Residential Population 117 229 134 Ratio (per 100 Residents) Rosalie St. 421 MIDTOWNPARK

The Midtown Redevelopment Authority (MRA) has transformed a long-time vacant space into an urban oasis. Strategically located on Main Street adjacent to a METRORail Station, Midtown Park is destined to become the premier urban park space in the heart of Midtown Houston. The park serves as a world-class destination that enhances quality of life for residents, businesses, and visitors. The park is open to the public daily from 8am – 10pm.

The full six-acre site bounded by Main St., McGowen St., Travis St., and Anita St. – which was commonly referred to as the SuperBlock for many years – was jointly developed through a public-private partnership between MRA and Camden Property Trust. This dynamic mixed-use project includes a public park, retail space, and public parking garage developed by Midtown Houston, and a private eight-story multifamily residential development by Camden.

Midtown Park offers three acres of new public urban park and open space with complementary pedestrian-oriented streetscapes. The park’s larger greenspace – located on the 2.5-acre site south of the multifamily development – includes a great lawn, a fl exible pavilion, a wetland stream and trail, native landscaping, interactive water feature, playground, public art, game courts, market areas, and a dog park. A wide array of festivals, performances, markets, and other events keep the park exciting throughout the year. Additionally, the park features a half-acre retail plaza located adjacent to McGowen St., which will include a full service restaurant, a food and beverage kiosk, and public plaza space next to the METRORail station. The park’s underground parking garage provides 400 spaces for public use.

Successful parks are a key component of sustainable infrastructure and a healthy vibrant quality of life. Midtown Park acts as a catalyst to attract new development and bring a new level of revitalization to an already vibrant Midtown Houston community. 69

WITHIN .5 MILES

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HOUSTON Midtown is a thriving, pedestrian-friendly, urban MIDTOWN community which offers residents a live, work, play environment in a walkable setting. The area is fi lled with wide OVERVIEW ranging restaurants, fun bars, numerous shopping destinations, arts and entertainment, and major employers creating around the clock consumer traffi c. The area immediately surrounding the Property is home to several high-rise multifamily/offi ce developments and numerous new developments which will add more residents to this compact area. Additionally, Midtown is surrounded by many of Houston’s largest attractions including , BBVA Compass Stadium, the Medical District, Downtown and more.

Entertainment in Midtown Houston is Four new bars are integrating into the diversifying with the opening of an eSports local scene. These bars will redefi ne what

FUN and gaming arena near the end of the it means to grab a cocktail in Midtown summer. Next Level, a haven for video Houston. Locales such as Unicorn Disco game lovers, will feature a full bar, food and 77 degrees will surely add to the bar and even virtual reality gaming rigs. hopping experience. NIGHTLIFE • 3932 Apartment units S • 379,000 Square feet of Commercial and Retail space C I • 45,000 Square feet of Medical facilities T

S • 72,000 square feet of 7 new banking facilities I

T • 73,200 Square feet of new restaurant space A • 9 Retail Strip Shopping Centers T S

• 40,000 Square feet performing arts revitalization S

’ • 5 Cultural Arts Museums

N • 1382 Townhomes

W • 419 Condos

O • 18 Single family low/mod homes T • 343 Public assisted housing units D I • 624,000 Square Feet refurbished offi ce buildings

M • 14,675 Car parking garage

Public Transit Centrally Located Neighborhood Three METRORail stations offer a convenient, high quality Close proximity to major freeways provide easy access from connection to Downtown, and and any part of Houston. The prime location is set between Reliant Stadium. Houston’s two major employment centers, Downtown/ CBD and Texas Medical Center. Parks, Greenspace, and Sustainability Texas’ fi rst GreenRoads-certifi ed complete street and over fi ve Mixed Use Development acres of local public parks and greenspace enhance quality of Retail and commercial amenities adjacent to high density life for an active community. residential housing serve a vibrant, predestrian oriented neighborhood. Higher Education Five nearby colleges and universities with combined enrollments over 50,000 make Midtown an excellent location for faculty, staff, and student housing.

Whole Foods-apartment New multifamily construction is bringing us attractive living complex is under spaces along the Innovation Corridor, where convenient construction as well in commuting, neighborhood development and business this coveted area. opportunity coexist alongside condominiums. The Innovation Corridor is set to take over the old Sears building for conversion into a thriving center of education, technology and HOUSING entrepreneurship. SHOPPING TAPESTRY SEGMENTATION AREA PROFILE

Metro Renters . . . . .72.0% Young and Restless . .10.8% Emerald City . . . . . 7.2% Laptops and Lattes. . . 4.3% Trendsetters...... 2.9%

Set to Impress . . . . . 1.7% MILE Hardscrabble Road . . 1.0% 1 RADIUS

TOP POPULATION SEGMENTS IN MIDTOWN

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 Metro Renters residents income is above the US average, they live close to their jobs and usually walk or take a taxi to get around the city.

• Well-educated consumers, many • Become well informed before currently enrolled in college. purchasing the newest • Very interested in the fi ne arts technology. Households: 1,911,500 and strive to be sophisticated; • Prefer environmentally safe Average Household Size: 1.67 value education and creativity. products. • Willing to take risks and work • Socializing and social status very Median Age: 32.5 long hours to get to the top of important. Median Household Income: $67,000 their profession.

Gen Y comes of age: Well-educated young workers, some of whom are still completing their education, are employed in professional/technical occupations, as well as sales and offi ce/administrative support roles. These residents are not established yet, but striving to get ahead and improve YOUNG AND RESTLESS themselves. This market ranks in the top 5 for renters, movers, college enrollment, and labor force participation rate. Almost 1 in 5 residents move each year. More than half of all householders are under the age of 35, the majority living alone or in shared nonfamily dwellings. Median household income is still below the US Smartphones are a way of life, and they use the Internet extensively. Young and Restless consumers are diverse, favoring Households: 2,131,500 densely populated neighborhoods in large metropolitan areas; over 50% are Average Household Size: 2.04 located in the South (almost a fi fth in Texas), with the rest chiefl y in the West and Midwest. Median Age: 29.8 Median Household Income: $40,500 Emerald City’s denizens live in lower-density neighborhoods of urban areas throughout the country. Young and mobile, they are more likely to rent. Well educated and well employed, half have a college degree and a professional occupation. Incomes close to the US median come primarily from wages, EMERALD CITY investments, and self-employment. This group is highly connected, using the Internet for entertainment and making environmentally friendly purchases. Long hours on the Internet are balanced with time at the gym. Many embrace the “foodie” culture and enjoy cooking adventurous meals using local and organic foods. Music and art are major sources of enjoyment. They travel frequently, both abroad and domestically. Households: 1,748,600 Average Household Size: 2.6 Median Age: 37.4 Median Household Income: $59,200

Laptops and Lattes residents are predominantly single, well-educated professionals in business, fi nance, legal, computer, and entertainment occupations. They are affl uent and partial to city living—and its amenities. Neighborhoods are densely populated, primarily located in the cities of large LAPTOPS AND LATTES metropolitan areas. Many residents walk, bike, or use public transportation to get to work; a number work from home. Although single householders technically outnumber couples, this market includes a higher proportion of partner households, including the highest proportion of same-sex couples. Residents are more interested in the stock market than the housing market. Laptops and Lattes residents are cosmopolitan and connected— Households: 1,307,500 technologically savvy consumers. They are active and health conscious, and Average Household Size: 1.87 care about the environment. Median Age: 37.4 Median Household Income: $112,200

Armed with the motto “you’re only young once,” Trendsetters residents live life to its full potential. These educated young singles aren’t ready to settle down; they tend to not own homes or vehicles and choose to spend their disposable income on upscale city living and entertainment. Dressed head to toe in the TRENDSETTERS most current fashions, their weeknights and weekends are fi lled discovering local art and culture, dining out, or exploring new hobbies. Their vacations are often spontaneous, packed with new experiences and chronicled on their Facebook pages.

Households: 1,319,400 Average Household Size: 2.12 Median Age: 36.3 Median Household Income: $63,100

SET TO IMPRESS HARDSCRABBLE ROAD

Set to Impress is depicted by medium to large Hardscrabble Road neighborhoods are in urbanized areas multiunit apartments with lower than average within central cities. This slightly smaller market is primarily rents. These apartments are often nestled into a family market, married couples (with and without neighborhoods with other businesses or single- children) and single parents. Younger, highly diverse (with family housing. Nearly one in three residents is higher proportions of black, multiracial, and Hispanic 20 to 34 years old, and over half of the homes populations), and less educated, they work mainly in are single person and nonfamily households. service, manufacturing, and retail trade industries. AREAOVERVIEW

Downtown Houston The Property is only blocks away from . Downtown is the largest business district in Houston, Texas, located near the geographic center of the metropolitan area at the confl uence of I-10, I-45 and I-69. Home to numerous Fortune 500 corporations, downtown Houston contains 50 million square feet of offi ce space and is the workplace of 150,000 employees. Downtown is also a major destination for entertainment and recreation. Nine major performing arts organizations are located within the 13,000-seat Theater District at prominent venues including , Hobby Center for the Performing Arts, , and the . Two major professional sports venues, Minute Maid Park and the , are home to the and , respectively. , an urban park located on the east side of the district adjacent to the George R. Brown Convention Center, anchors the city’s convention district. Downtown is also a major public transportation hub, lying at the center of the light rail system, park and ride system, and the metropolitan freeway network; the Metropolitan Transit Authority of Harris County (METRO) is headquartered in the district. Over 100,000 people commute through Downtown daily. An extensive network of pedestrian tunnels and skywalks connects a large number of buildings in the district; this system also serves as a subterranean mall. Geographically, Downtown is bordered by East Downtown to the east, Third Ward to the south, Midtown to the southwest, Fourth Ward to the west, Sixth Ward to the northwest, and Near Northside to the north. The district’s streets form a strict grid plan of approximately 400 square blocks,[2] oriented at a southwest to northeast angle. The northern end of the district is crossed by , the banks of which function as a linear park with a grade-separated system of hike-and- bike trails. All types of residents are attracted to living in downtown: young urban professionals, empty nesters, reverse commuters and even small families. Downtown residents love being at the heart of the action, whether that’s courtside at a Rockets game or taking in a Broadway show. Their endless appetite for exploring new fl avors is stoked by Downtown’s dizzying array of restaurants and bars, with cuisine from all over the globe. As the city center has grown, life in Downtown is evolving into a place where people live, work and explore – exactly the kind of work-life balance our Downtown urban adventurers crave. Montrose Less than a half mile from the property is the Montrose neighborhood. Established in 1911, the neighborhood is a demographically diverse area with renovated mansions, bungalows with wide porches, and cottages located along tree-lined boulevards. Called the “Heart of Houston and the “strangest neighborhood east of the Pecos and named one of the “ten great neighborhoods in America”, Montrose is an offbeat neighborhood known for its bars, vintage stores and eclectic mix of eateries, which range from quaint cafés to Mexican cantinas and Mediterranean bistros. It’s also home to hip indie art galleries and the octagonal , featuring huge abstract murals by its namesake artist. With its downtown skyline views, Eleanor Tinsley Park is a popular spot for picnics and sand volleyball.

Houston Museum District 3017 Milam is only two miles from the , which is considered Houston’s cultural heart, with venues exploring subjects ranging from natural science to the African-American experience. The vast collection at the Museum of Fine Arts encompasses Egyptian antiquities, Impressionist art and American sculpture, while is home to rhinos and cheetahs. is popular for its pedal boats and miniature railway, and also has a Japanese garden. The Houston Museum District currently includes 19 museums that average 8.7 million visitors a year. All of the museums offer free times or days, while 11 of the museums are free all the time. The Museum District is walkable and bikeable. Sidewalks are wide and well-maintained, and attractions and restaurants are situated near each other. Bordered roughly by State Highway 288, Hermann Park, U.S. Route 59, and the Texas Medical Center, the Museum District specifi cally refers to the area located within a 1.5-mile radius of the Mecom Fountain in Hermann Park. The Museum District Civic Association compared the area to Georgetown in Washington, D.C. and to the French Quarter of . The Museum District is served by four stops on the METRO Rail, one specifi cally named for it and is easily accessible from I-69/US 59, State Highway 288 and Main Street, across from the main entrance to . leader in plastic and resins with 47 plants located within the MSA and more than 235 manufacturing establishments for HOUSTON plastic and rubber products. Houston offers its residents and businesses high quality-ofl ife attributes including a low cost structure, no state income OVERVIEW tax, abundant tax incentives, ample cultural and recreational resources, quality public education, good weather and easy access to public services. Additionally, Houston workers are paid more than the national and the state on average. According to a recent Occupational and Employment. The Houston Metropolitan Statistical Area (MSA) encompasses 10 counties and 9,444 square miles, boasting an economy Statistics release by the U.S. Bureau of Labor Statistics (BLS), the that produces more goods and services than all but 21 nations average wage paid to Houston workers is 5% higher than the worldwide. Houston is the fi fth most populous city in the nation, national average and 10.2% higher than the Texas average. trailing only New York, Los Angeles and Chicago, and is the largest in the southern U.S. and Texas. Houston is also the Highly regarded as a business-friendly destination for fastest growing metro area in the nation (adding more than Corporate America, the city of Houston ranks second 1.2 million residents from 2000 through 2010) with the nation’s nationwide (trailing only New York City) with 26 Fortune 500 second youngest median age among large metropolitan areas company headquarters. As a result, Houston has received in the United States. Historically the heart of the global energy numerous national accolades including recent recognition business, Houston’s title of “Energy Capital of the World” has by Site Selection Magazine as the number one metro area in been fi rmly secured by the continued growth and expansion the nation for corporate location, relocation and expansion. throughout this critical industry. This is the third time in four years the area has taken the top spot, logging 325 new and expanded facilities to Houston is home to the Texas Medical Center (located 5 miles garner the honor. This ranked Houston ahead of second-place southeast of the Site) that has an annual economic impact of Chicago, which had 311 projects, and thirdplace /Fort $20 billion and employs approximately 106,000 employees. Worth with 224 projects. The culmination of these attributes Texas Medical Center also is an academic center of the makes Houston a highly desirable location for existing Southwest with more than 360,000 students enrolled in local businesses. universities, colleges and institutions. Additionally, Houston is home to 413 chemical plants employing over 33,100 people, Houston: An International and Cosmopolitan City more than 300 electronics manufacturing plants employing Houston is an international, entrepreneurial, diverse, over 27,500, more than 250 software development companies cosmopolitan city in which 92 countries have consular offi ces employing in excess of 50,000, and over 67,000 engineers and in Houston (the third highest in the nation), and more than 90 architects employed at more than 1,900 fi rms. Houston also is languages are spoken throughout the Houston area. Houston home to the 1,650-acre NASA Johnson Space Center (25 miles has a Theater District second only to New York City with southeast of Highland Village) that has an annual economic its concentration of seats in one geographic area. Located impact of $4.5 billion and employs approximately 14,000 downtown, the 17-block Theater District is home to eight engineers, scientists and administrative personnel. Additionally, performing arts organizations with more than 12,000 seats. Houston is the birthplace of nanotechnology and the Texas In addition, Houston has a unique Museum District) offering a range of museums, galleries, art and cultural institutions, including the City’s major museums. Houston has more than Texas Medical Center 500 cultural, visual and performing arts organizations, 90 of The healthcare industry continues to be another signifi cant which are devoted to multicultural and minority arts and is one economic driver in Houston, adding 9,600 local jobs on of fi ve U.S. cities that offer yearround resident companies in all average within the past 5 years, representing a growth rate of major performing arts. 6.5%. The epicenter of Houston’s healthcare presence is the internationally recognized Texas Medical Center (TMC).TMC is Houston: A High End Shopping Destination the largest medical center in the world and has more Houston is home to a number of high end luxury retail centers than 7.1 million patients visit annually, of which approximately all of which contribute to Houston’s well-deserved reputation as 16,000 are international patients. TMC is situated on 1,300 a fertile ground for high end luxury retail. Luxury retail is thriving acres just outside downtown Houston and is comprised of 280 in Houston and is expected to continue with a number of luxury buildings—including 21 academic institutions and 14 hospitals— retailers having recently made their Texas debuts in Houston totaling 45.5 million gross square feet of patient care, education over the past few years. The strength of the energy industry in and research space. Together TMC’s 51 member institutions Houston coupled with the excellent population growth should employ more than 92,500 people, making it Houston’s second- attract additional luxury retailers to Houston. While a number of largest employer outside of the CBD. Texas Medical Center big-box chains are downsizing nationally, the number of luxury has a regional annual economic impact of $14 billion, with retailers in Houston has been getting larger. The geographic another $7.1 billion approved for building and infrastructure heart of Houston luxury retail is Uptown District and the western improvements that were initiated in 2008. portion of the Inner Loop area of Houston, which includes the Highland Village Shopping Center, the Galleria, Uptown Park, Houston’s Cost Advantages BLVD Place, River Oaks Shopping Center, Upper Kirby District, Houston has a superior reputation worldwide for being and West Ave. a business-friendly destination for corporations and their employees. The lack of state and city taxes on personal Houston’s Young, Well-Educated, Expanding Population and corporate income and some of the lowest housing and In addition to its exceptional population growth, the Houston living costs within the top 20 major U.S. metro areas are metro area also boasts a young and well-educated population among the many motivations for businesses to reside in base. According to the Census Bureau’s American Community Houston. Additionally, the city’s central location and superb Survey, Houston has the second-youngest median age among transportation infrastructure further enhance Houston’s appeal large metropolitan areas in the United States. Houston is the to local, national and international companies with an interest in fourth-largest city in the United States with a population of logistical effi ciency. 2.3 million people, while the Houston MSA is now the fi fth- most populous metro area with 6.4 million residents. During Local offi ce rents also remain among the most competitive the last decade, Houston was the fastest growing metro area of major U.S. cities. Houston is the nation’s sixth-largest offi ce in the United States, adding more than 1.2 million residents. market, and the city ranks second nationally with 26 Fortune According to a study by the Kinder Institute for Urban Research, 500 headquarters. More than one-half of the world’s largest this growth represents more people than the population non-U.S. based corporations have major non-retail operations growth in the New York and Chicago metropolitan areas here. Houston also has a strong international presence as over combined during the past decade. Houston has capitalized 3,500 fi rms and organizations report business dealings in over on its proximity to Latin America, its emergence as a major 200 countries worldwide. Houston ranks second in the nation destination for immigrants from around the world, the area’s in terms of available convention/special event space, with more pro-business policies, low cost of living. than 2.5 million square feet of convention facilities. HIGHLY COVETED LOCATION IN MIDTOWN

3017 MILAM STREET Houston • Texas

FOR MORE INFORMATION, CONTACT: Simmi Jaggi Elizabeth Clampitt Chris Bergmann, Jr. Managing Director Senior Vice President Vice President 713 888 4098 713 888 4075 713 425 5868 [email protected] [email protected] [email protected]

The material herein is intended as a guide only, no liability for negligence or otherwise is assumed for the material contained herein by Jones Lang LaSalle, its principal or its servants or its agents. No material contained herein shall form the basis of or be part of any agreement and no warranty is given or implied as to the accuracy of the whole or any part of the material. Prospective purchasers/tenants should not rely on the material but should make their own inquiries and satisfy themselves of all aspects of the material. Any liability by Jones Lang LaSalle, its principal, its servants or its agents in any way connected with the brochure, whether or not such liability results from or involves negligence, will not exceed $1000.00.