FIGUEROA TOWER 660 S. FIGUEROA STREET LOS ANGELES, CALIFORNIA
UNMATCHED DOWNTOWN RETAIL VISIBILITY
RETAIL RESTAURANT SPACE FOR LEASE
FLAGSHIP RESTAURANT SPACE AVAILABLE
For more information, please contact:
Gabe Kadosh Vice President Colliers International License No. 01487669 +1 213 861 3386 [email protected] UNMATCHED DOWNTOWN RETAIL VISIBILITY
660 S. FIGUEROA STREET A postmodern mixed-use property bordered by Seventh and Figueroa streets
The building consists of 12,000 square feet of ground-floor retail space—below a 283,000 SF Class A Office —including significant frontage feet of coveted frontage on major thoroughfare Figueroa.
Figueroa Tower’s beautiful exterior combines the characteristics of traditional French architecture with the sleek verticality of a modern high-rise. These attributes, together with its location at the center of the Figueroa Financial Corridor, offer an aesthetic experience unlike any retail destination in all of Los Angeles. This corridor was solidified abuilding in California, the Wilshire Grand Center, opened directly across the street.
This prestigious location boasts a high pedestrian volume and an unparalleled daily traffic count of 30,000. Such volume is thanks in part to being just steps away from retail supercenter FIGat7th, as well as sitting immediately above Seventh Street Metro Center Station, the busiest subway station in Los Angeles by far.
Figueroa Tower also benefits from ongoing improvements to Downtown Los Angeles, which is currently undergoing its largest construction boom since the 1920s. In the last decade alone, 42 developments of at least 50,000 square feet have been built and 37 projects are under construction. This renaissance of development has reignited the once-sleepy downtown area into a sprawling metropolis of urban residential lofts and diverse retail destinations.
2 660 S. Figueroa Street Los Angeles, California PROPERTY HIGHLIGHTS
Available Space 4,500 SF with Frontage along Figueroa Street
Tenant Delivery Immediate
Permitted Use Restaurant / Retail
Price Negotiable
Lease Term 5-10 Years
Building Type 24-story Class A Office SITE PLAN
LOADING
LOBBY FIGUEROA STREET FIGUEROA
7TH ST/ METRO CENTER STATION
N
7.24.15 Figueroa Tower First Picks7TH STREETBread Company XII, L.P3 Suite 150 - Final Tenant Floor 660 S. Figueroa Street Los Angeles, CA 90017 ID Suite USF Corr. Ext Total USF Target RSF Current RSF LED G G-13 3,608.36 0.00 3,608.36 4,660.66
4 660© StevensonS. Figueroa Systems Inc | 2015 | HST Street Los Angeles, California Colliers International 5 MARKET OVERVIEW
660 S. FIGUEROA STREET Downtown Los Angeles is the central business district and geographical center of the second biggest city in the nation
Downtown Los Angeles, the central business district and geographical center of the second biggest city in the nation, is an increasingly vibrant and diverse market. The 5.84-square-mile area is typically broken down into more than a dozen smaller districts, including the Arts District, Bunker Hill, the Fashion District, Gallery Row, the Historic Core, Little Tokyo and, of course, South Park. Bounded on all sides by freeways that offer immediate access to the larger region, Downtown Los Angeles is also home to the hub for the city’s burgeoning Metro rapid transit system.
Though its appeal has historically ebbed and flowed with the times, Downtown Los Angeles is undergoing a renaissance like never before, sparking unprecedented growth and sustained optimism about the area. It has long been home to a stable base of professional services firms that have buoyed its daytime population, though was once considered a ghost town after business hours. Now, in addition to a workday population upwards of half a million people, the area has lately drawn thousands of new residents, hundreds of new retailers and dozens of new companies that now call area home. In fact, the Downtown Center Business Improvement District, which covers only a portion of the total geography that makes up what is considered Downtown Los Angeles, counts more than 65,000 residents in the area, a number that has tripled over the last two decades and is expected to double again in the next decade.
Residents and employees in Downtown Los Angeles are, by and large, young, educated and financially stable. Four out of five residents, with a median age of 38, hold a four-year degree or higher and boast a median income of $98,900 a year. Employees in the area, with a median age of 39, exhibit similar levels of accomplishment, with 76% of them holding a four-year degree or higher and a median income of $97,800. Taken together, the demographics of the areas resident and employee population base make for an attractive economic environment.
6 660 S. Figueroa Street Los Angeles, California Colliers International 7 RESIDENTS
Median Income $98,900
Median Age 38 (59% Female, 41% Male)
Housing 21% Rent
Employment 47% at Top, Senior or Professional Staff Level
Education 80% Completed Four Years of College or More
8 660 S. Figueroa Street Los Angeles, California EMPLOYEES
Weekday Population 500,000
Median Income $97,800
Median Age 39 (65% Female, 35% Male)
Housing 36% Rent
Employment 54% at Top, Senior or Professional Staff Level
Education 76% Completed Four Years of College or More
Shopping Habits 91% Like to Shop Near Work
Colliers International 9 AREA HIGHLIGHTS
Located in vibrant Financial District in Downtown Los Angeles, the center of office and residential development
Immediately across the street from Wilshire Grand Center, the tallest building in the Western United States
Population of greater than 85,000 people within a one-mile radius
Located above 7th Street/Metro Center Station, the busiest subway station in Los Angeles
WALK SCORE TRANSIT SCORE 98 100
1 0 660 S. Figueroa Street Los Angeles, California TRANSIT SCORE
Colliers International 1 1 NEIGHBORING RETAILERS
STREET-FRONT RETAILERS FIGAT7TH THE BLOC
1 2 660 S. Figueroa Street Los Angeles, California Colliers International 1 3 AREA AMENITIES
FIGUEROA TOWER 660 S. FIGUEROA STREET LOS ANGELES, CALIFORNIA
1 4 660 S. Figueroa Street Los Angeles, California AREA AMENITIES (CONT'D)
RESTAURANT BAR/NIGHTLIFE SHOPPING CENTERS GYM APARTMENTS 1 Katsuya 1 The Edison 1 The Bloc 1 YAS Fitness Center 1 Pegasus 2 Red Bird 2 Broken Shaker 2 7th and Fig 2 Equinox 2 Milano Lofts 3 B.S. Taqueria 3 Perch 3 Japanese Village Plaza 3 Soul Cycle 3 The Met 4 Baco Mercat 4 La Cita Bar 4 Broadway Trade Center 4 Club Pilates 4 SB Manhattan Lofts 5 Ledlow 5 Seven Grand 5 Los Angeles Mall 5 LA Fitness 5 Seven Forty South Olive 6 The Original Pantry Café 6 Honeycut DEVELOPMENT 6 Orange Theory Fitness 6 Metropolis 7 Grand Central Market 7 Prank Bar 1 Fig Central 7 The Los Angeles Athletic Club 7 Level DTLA 8 KazuNori COFFEE SHOPS 2 Metropolis 8 24 Hour Fitness 8 Atelier 9 Morton's The Steakhouse 1 Demitasse 3 Olympia HOSPITALITY 9 APEX. The One. 10 Cole's 2 Groundwork Coffee Co. 4 Oceanwide Plaza 1 Ace Hotel 10 Watermarke Tower 11 Fogo de Chao 3 Blue Bottle Coffee 5 Apex II 2 JW Marriott 11 Bristol Apartments 12 Mendocino Farms 4 Philz Coffee 6 888 S Hope 3 Luxe City Center Hotel 12 Spring Arcade Building 13 Water Grill 5 Verve Coffee Roasters 7 1133 Hope 4 Standard 13 Gas Company Lofts 14 Bottega Louie 6 Casa Cubana 8 Mack Urban Tower 5 Miyako Hotel 14 SB Tower 15 Sugarfish by Sushi Nozawa ENTERTAINMENT 9 1212 Flower 6 DoubleTree by Hilton 15 Premiere Towers 16 Public School 213 1 Staples Center 10 820 Olive 7 Hilton Checkers Los Angeles 16 Baltimore Hotel 17 Le Pain Quotidien 2 Nokia 11 1400 Figueroa 8 Millennium Biltmore Hotel 17 SB Spring Lofts 18 Plan Check Kitchen + Bar 3 Walt Disney Concert Hall 12 Circa 9 The Westin Bonaventure Hotel 18 Renaissance Tower 19 Tender Greens 4 The Broad DRUGSTORE 10 Sheraton Grand 19 8th + Hope 17 Faith & Flower The Museum of 1 Walgreens 11 Omni Los Angeles Hotel 20 Eighth & Grand 5 18 800 Degrees Contemporary Art 2 CVS Pharmacy 12 The Ritz-Carlton 21 SB Main 19 The Palm Los Angeles 6 Regal Cinemas 3 Walgreens 13 InterContinental 22 The Roosevelt 17 Bottega Louie 7 Orpheum Theater 4 Rite Aid 14 Hotel Indigo 23 The Brockman Lofts 18 Sugarfish by Sushi Nozawa 8 Tower Theater 5 CVS Pharmacy 15 Freehand Los Angeles 24 655 Hope Los Angeles Convention 19 800 Degrees 9 6 Rite Aid 16 Residence Inn 25 Angelus Plaza Center RETAIL 26 255 Grand GROCERY 1 LOIT 27 Van Nuys Apartments 1 Erewhon Market 2 Urban Outfitters 28 Rosslyn Lofts 2 Whole Foods 3 Le Box Blanc 29 SB Grand 3 Ralph's 4 Theory 30 AVA Little Tokyo 4 Marukai Supermarket 5 A.L.C. 31 Metro 417 6 COS 32 Pacific Electric Lofts
Colliers International 1 5 FIGUEROA TOWER 660 S. FIGUEROA STREET LOS ANGELES, CALIFORNIA
UNMATCHED DOWNTOWN RETAIL VISIBILITY RETAIL RESTAURANT SPACE FOR LEASE
For more information, please contact:
Gabe Kadosh Vice President Colliers International License No. 01487669 +1 213 861 3386 [email protected]