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OHIO RESTAURANT Howe Rd WELCOME TO CLEVELAND’S MOST DYNAMIC NEIGHBORHOOD SE Corner of West 25th Street & Lorain Avenue, Cleveland 2047 West 25th Street, Cleveland (Ohio City), OH 44113 PROJECT OVERVIEW Potential 2-story Retail Flagship Corner (W. 25th St & Lorain Ave) Potential 2-story Restaurant Space with unobstructed views of Retail Space: 36,000 SF on the street level of the Residential Tower (Phase 1) Cleveland’s Skyline (Lorain Ave & Gehring St) Expansive ceiling heights throughout the project 290 Luxury Apartments on floors 2 - 8 at the corner of West 25th and Lorain Avenue, with unmatched amenities. Penthouse event center, patios, fitness, bike storage and more. Beautifully exposed Mass-Timber construction Seeking to be the most sustainable, energy-efficient new construction project building in the market The Location: This property is positioned in the heart of Cleveland’s most exciting and high demand urban neighborhood, surrounded by nearly $1 Billion in new development. Demolition and Ground Breaking Commencing March 1, 2020 Shell Delivery Spring 2021 Access and Connectivity: Market Square is the most walkable and transit oriented hub in Designed by Hartshorne Plunkard Architecture. NE Ohio, immediately adjacent to the RTA Rail Line (700,000+ annual passengers), Bus Line, Developed and Owned by Harbor Bay Real Estate Advisors. and access to all the major highway systems (I-90, I-71, I-77, I-480/I-271, and Rt 2) Leased by CBRE, Inc. Public Parking: Steps away from the West Side Market area parking lot with 450 spaces (90 minutes free + $1.00 per hour thereafter), additionally there are 25 street level parking spaces on site. RETAIL LEASING TEAM: Amenity Parking & Access: The property will offer Valet service areas for restaurants, JOSEPH KHOURI KEVIN MOSS rideshare services, bicycle and scooter racks, and temporary convenience parking. 216 658 6120 216 363 6453 [email protected] [email protected] Exterior Courtyard / Park: Directly across from the West Side Market on Lorain Avenue, will RESTAURANT LEASING: OWNER / DEVELOPER: be Ohio City’s newest public green space, approximately 1 Acre, which will serve as the neighborhoods new “living room” activated with art, cultural and family events. A new STEPHEN TAYLOR DAN WHALEN gathering space for the dynamic neighborhood. 216 658 6117 440 478 8245 [email protected] [email protected] 2nd Floor (Lorain Ave & Gehring St) 290 UNIT RESIDENTIAL TOWER W. 25TH & GEHRING W. 25TH & LORAIN WEST 25th STREET LORAIN AVENUE & GEHRING STREET 2-STORY RESTAURANT SPACE LORAIN AVENUE Cuyahoga River OHIO CITY d o w n t o w n STREET MAP t h e f l a t s Columbus Rd RETAIL d o w n t o w n t r e m o n t UP 2,660 sf Franklin Blvd Ohio City GE RETAIL HR IN Farms 5,430 sf G TW S 450 Parking Spaces O-W TR AY T E RETAIL RETAIL RA E UP FF T BREWERY (1st 90 mins free, IC 2,660 sf 3,740 sf GE $1 per hour thereafter) U H Abbey Ave R RETAILUP R H I Church Ave N T 5,430 sf G TW S W 24th St S O S UP -W TR AY A T E RETAIL P RA E FF T IC 3,740 sf Freeman Ave U R UP H T S S UP RETAILA PA OPEN TO RETAIL P RK 5,620 sf ING BELOW 695 sf Bridge Ave Aust Ct ENT RA NCE KAN ZAMAN P Gehring St. RETAIL ARK OPEN TO RETAIL MECH. 5,620 sf ING BELOW 695 sf ENT SECOND FLOOR RETAIL SPACES W 25 RA Detroit Ave. W 27th Pl th St. Pedestrian Walkway West NCE Side MECH. HorizontalNate’s Books Deli & MideasternCambodian Cuisine & Vietnamese Cuisines SECOND FLOOR RETAIL SPACES PedestrianMarket Walkway MECH. RA W 28th St 25,644 VPD D MP OWN LOADING LORAIN AVE. R MECH. AM DO P Coming WN LOADING Franklin BlvdLutheran Hospital Market TRAFFIC TWO-WAY W 25 th TRASH LEASING Cleveland Clinic limelight Square AVENUE LORAIN St. LORAIN AVENUE Park TWO-WAY TRAFFIC TWO-WAY TRASH LEASING Koffie Cafe Love Threading Bar Jay Ave LORAIN AVENUE RESIDENTIAL ENTRANCE W 29th St RESIDENTIAL LOBBY Transformer RESIDENTIAL Station RESIDENTIAL ENTRANCE ENTRANCE Art Gallery RESIDENTIAL LOBBY W 26th St PETS Y Clinton Ave Chatham Ave UPUP A RESIDENTIAL Bridge Ave W ENTRANCE W 28th St E IV Carroll Ave PETS Y A RETAIL EVENT LOBBY UPUP R W 4,960 sf D E RETAIL RETAIL RETAIL E T Fulton Rd IV TWO-WAY TRAFFIC TWO-WAY 3,160 sf 3,100 sf 5,000 sf A RETAIL EVENT LOBBY R PASS THRU PASS IV RETAIL4,960 sf D RETAIL R RETAIL RETAIL RETAIL E P 780 sf 660 sf T TWO-WAY TRAFFIC TWO-WAY 3,160 sf 3,100 sf 5,000 sf A PASS THRU PASS RETAIL IV RETAIL R Church Ave 780 sf 660 sf P EVENT ENTRANCE Waco Ct EVENT ENTRANCE St. Ignatius W. 25TH STREET TWO-WAY TRAFFIC High School WEST 25th STREETW. 25TH STREET SITE PLAN TWO-WAY TRAFFIC W 29th St Market Square SITE PLAN 10/17/2019 W 33rd St W 30th St Market Square 10/17/2019 W 32nd St W 31st Pl W 30th St HERE, Esri | Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO, USGS, FAO, NPS, NRCAN, GeoBase, IGN, Kadaster NL, Ordnance Survey, Esri Japan, METI, Esri China (Hong Kong), swisstopo, © OpenStreetMap contributors, and the GIS User Community QUICK STATS - 29% of Ohio City residents 50 are Millennials. OHIO CITY Bars & Restaurants 7.4% RTA Ridership 1,800,000+ Annual Visitors to Increase the West Side Market 154,300 500’ Ohio City is full of cultural; Daytime Pop from RTA Rapid public, private & charter Station (5 mile) schools, local restaurants and retail. 91 Walk Score 250+ Ohio City Businesses QUICK STATS - CLEVELAND, OH (No car needed) #7 Food City - Rated by Travel+ Leisure 2,071,100 31 Colleges/ 5 Fortune $57,090 Largest Residential Downtown Population Universities 500 HQ’s Disposable Income Population in Ohio. Ohio City is rated the 2nd most walkable neighborhood 858,462 6 Major Health 5,000+ $43M Cultural in Cleveland. Households Systems Restaurants Economic Impact 75% home value increase in Sources: ESRI, CBRE Research, 2018 Ohio City since 2011. Downtown Cleveland is home to 3 major sports teams: E 38th St E 39th St 174A Rocket Mortgage FieldHouse Lakeside Ave E E 36th St CSX Transportation Hamilton Ave Cleveland Cavaliers, Cleveland Cleveland, Ohio 200 Events Norfolk Southern E 34th St E 26th St E 32nd St E 30th St Indians and The Cleveland Browns Districts & Neighborhoods Progressive Field E 31st St 80+ Home Games 173C N Marginal Rd Bethel Ct Davenport Ave E 25th St 90 Lakeside Ave E E 33rd St Krause Ct ¨§ E 32nd St Over $8 Billion in Downtown First Energy Stadium ¦E 26th St 10+ Home Games E 9th St E 24th St E 31st Pl Downtown Cleveland Hamilton Ave ¤£6 Development Rockwell Ave E 27th St Stats & Projections S Marginal Rd Jack Casino E 32nd St E 23rd St 173C Erieside Ave E 31st St 13 M Visitors E 27th St Canfield Ct St Clair Ave NE Residential E 17th St E 21st St 173B E 33rd St 79% Increase in E 12th St E 19th St Total Market Rate Units: 7,160 Playhouse Square E 13th St Emerald Ct Residential Occupancy: 91.7 % 2 Bethel Ct Perkins Ave 1 M Visitors UV Rockwell Ave Average Lease Rate: $1.52 PSF Seltzer Way Payne Ct young and educated 2nd Largest Theatre District Outside of NYC E 24th St The Cleveland Clinic #2 Hospital in Average Sale Price: $298,716 Payne Ave Over 3,000 new units by 2022 CIVICE Lakeside Ave Walnut Ave ¤£322 living in Downtown Demand for an additional 6,800 units between 2018-2030 CENTER E 22nd St the World - Newsweek 2019 Ontario St 30,000 Residents by 2023 E 30th St DISTRICT 173B Rockwell Ave Walnut Ave E 13th St W Lakeside Ave E 18th St Cleveland from 2000 Chester Ave W 10th St E 6th St Metropolitan Rail Front Ave W 4th St Office ¤£6 Swingos Ct W Lakeside Ave W St Clair Ave Playhouse Square is the 16.4 MSF in CBD W 6th St Brownell Ct Prospect Ave E to 2018. Class A Occupancy: 88.2% W 3rd St #1 Cardiology and Heart Surgery Huron Rd Class A Average Lease Rate: $25 PSF ¤£20 Prospect Ave E Old River Rd 172C Class A & B Occupancy: 78.7% Lake Erie Cedar Ave Frankfort Ave W 9th St 2nd Largest theater River Rd Prospect Ave E Hospital, The Cleveland Clinic Class A & B Average Lease Rate: $19.53 Bolivar Rd Erie Ct W 10th St E 6th St Projected Office: 410,000 – 710,000 SF (2,300 – 4,000 employees) Huron Rd E 18th St Sumner Ave 172B Central Ave Bronson Ct ¦¨§90 Sycamore St W Huron Rd district outside of NYC. - U.S. News & World Report W Eagle Ave Carnegie Ave Center St Project Ave Hotel Convention Center THE FLATS ¦¨§90 Elm St Community College Ave ¤£422 E 24th St 19 hotels 169 total events in 2018 Mulberry Ave ACCESSE 9th St W 25th St Cuyahoga River POINT 172A 4,600 rooms - $1.8 M in License Fees Ships Channel 163 Winslow Ave 78.4% occupancy rate - $120,840 Hotel Room Nights Whiskey Island Dr Main Ave Cleveland Museum of E 14th St Carter Rd Highest concentration of Health $162.03 average daily room rate - $241,334 Attendees Loop Rd Merwin Ave Washington AveSuperior Via Central Via ACCESS Woodland Ave $131.00 national average - $4.6 M in F&B Commitments Detroit Ave 171 162B Colu m bus Rd Canal Rd POINT E 33rd St Broadway Ave Fall St - $90 - $100 M Economic Impact French St £422 Art 2nd Best Museum in W 28th St ¤ 162A Science jobs in the U.S.
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