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At the Intersection of 7Th & Broadway in the Heart Of

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At the Intersection of 7Th & Broadway in the Heart Of Approximately 70,000 SF, 6-story building, 70 feet of frontage on the Famed Historic Broadway Corridor: AT THE INTERSECTION OF 7TH & BROADWAY IN THE HEART OF DTLA Over the last 15 years Downtown Los Angeles has transformed from the center of commerce to the City’s most lively neighborhood, hosting the City of Angels’ best entertainment and fine dining. Downtown’s demographics, for retailers, have become stronger than most of the surrounding areas and are amongst the best in the greater Los Angeles market. DTLA’s retail presence no longer only exists through LA Live (Yard House, Fleming’s, Katsuya, and Regal Cinemas), Santee Alley, and small jewelry stalls on Hill Street and Broadway. From Fig @ 7th (H&M, Zara, and Nordstrom Rack), The BLOC (Alamo Draft House, and more to come), and the Broadway Trade Center (which will bring more in addition to Theory, ALC, Acne Studios, Van’s General Store, Jumpman), Downtown has lured a multitude of diverse retailers to its various districts and corridors, which each have their own character and identity. The incredible amount of investment from both the private, institutional, and international investors in Downtown Los Angeles continues to foster the most exciting developments in the nation. DTLA IS BOOMING. THE OPPORTUNITY BUILDING SIZE: APPROXIMATELY 70,000 SQUARE FEET APPROXIMATELY 10,000 SF OF RENTABLE RETAIL (SEE PLAN FOR USABLE) PLUS BASEMENT ADDITIONAL FIVE (5) STORIES AVAILABLE (52,500 SQUARE FEET) PRICING: UPON REQUEST TERM: NEGOTIABLE SUMMARY HIGHLIGHTS • Six (6) story building, zoned LAC5 • Mezzanine space available (see plan) • 10,500 square foot floor plates • 70 feet of frontage on Broadway • Two (2) functional elevators, and three (3) stairwells • Ground floor was previously a restaurant and retail • Ground floor space has existing restrooms • Almost 20 foot high ceilings possible on ground floor (with removal of mezzanine) • 11’ 1” slab-slab floors 2-6 • At the intersection of “Main & Main” in downtown Los Angeles (7th Street and Broadway) • Both Broadway and 7th Street have two-way car traffic • In the heart of the Historic Core, in close proximity to the Financial District, Jewelry District, South Park, and the Fashion District ENTRANCE TO RETAIL RETAIL A 4,280 SF OFFICE OFFICE ENTRANCE LOBBY RETAIL B ALLEY 3,410 SF BROADWAY ENTRANCE TO RETAIL BUILDING CORE • ±10,000 SF Available for Single Tenant RETAIL • 10,000 Total Rentable Square feet OPTIONS: • 716 South Broadway - 4,260 usable square feet (35 feet of frontage) • 720 South Broadway – 3,410 usable square feet (almost 30 feet of frontage) • Over 20 foot ground floor ceilings • Mezzanine space available (see plan) MEZZANINE FLOORPLAN FACADE RESTORATION PROPOSED FACADE - PERSPECTIVE PROPOSED FACADE - ELEVATION EXISTING PROPOSED PARMELEE BUILDING 714 S BROADWAYLOS ANGELES, CA 90014 02/16/15 TAKACS ARCHITECTURE [email protected] phone: (213) 984-4019 DOWNTOWN LOS ANGELES AREA PARKING LEGEND Site Public Parking With a median income close to $100,000 and a median age of 38, Downtown has become a destination for Music/Theater/Dance (Microsoft Theater, Orpheum Theater), Art Museum (Broad, Grammy Musem, MOCA), and Sporting Event (Staples Center) attendees who tend to spend almost $17 for the average lunch check and over $30 for the average dinner check. Thus, Downtown LA has become home to many of the highest grossing restaurants in the city, such as Bestia (Arts District), Perch (Pershing Square), Stocking Frame and The Palm (South Park), The Yard House (Figueroa Corridor), and Bottega Louie (7th Street). With over 500,000 daytime employees, Downtown’s permanent residential population has grown to almost 70,000 and is expected to grow exponentially to 85,000 within a few years. AREA OVERVIEW /DEMOGRAPHICS DTLA Boasts over 67,000 residential units and an additional 18,000 + under construction, which 30,000 more proposed, and consistently has an occupancy rate just under 100%. In the main downtown core, thousand of hotel rooms are proposed, under construction, or have recently opened, including but not limited to the following: Hotel Location # Rooms Distance Status 1 Sheraton Grand (Remodel) 7th & Hope (The BLOC) 488 0.4 Open 2 Intercontinental 7th & Figueroa (Wilshire Grand) 889 0.5 Open 3 NOMAD Los Angeles 7th & Olive Street 241 0.2 Construction / 2018 4 Freehand Hotel 8th & Olive 226 0.2 Open 5 Residence Inn by Marriott Olympic & Francisco 219 0.9 Open 6 Hotel Figueroa Olympic & Figueroa 268 0.8 Open - Renovated 7 LUXE City Center Hotel 1020 S Figueroa 178 0.8 Open 8 J.W. Marriott Olympic & Francisco 800 0.9 Open 9 Ritz-Carlton Hotel & Residences 888 W Olympic 123 0.9 Open 10 ACE Hotel 9th & Broadway 182 0.2 Open 11 Hoxton Hotel 1060 S Broadway 164 0.4 Construction / 2018 12 Hotel Indigo 9th & Francisco 350 0.6 Open 13 Lightone Development Fig & Pico 1,100 1,0 Planned 14 Proper Hotel Fig & 11th 148 0.9 Construction / 2018 15 Onni Group Hotel Planned 1031 S Broadwday 377 0.4 Planned 16 LEVEL Furnished Living (Onni Group) 888 S Olive 303 0.4 Open 17 Car Wash Site Olympic & Figueroa 373 0.8 Planned Total Rooms 6,429 SHOP + EAT + PLAY NEIGHBORING TENANTS AMENITIES MAP Ritz-Carlton NoMad Hotel by Sydell Group Park Hyatt Freehand Hotel Home to the Lakers, by Sydell Group Clippers and LA Kings William Randolph Hearst’s original 1M SF mixed-use O ce development Hotel TH 1 7 STREET 6 7th Street is the main East-West retail artery in Downtown Los Angeles. One of a few two- way streets, 7th Street has historically been 2 the main shopping district in Downtown Los 3 Angeles, housing historical departments 4 stores. Centrally located in Downtown Los Angeles, 7th Street pulls pedestrian traffic from South Park, the Financial District, Bunker Hill and the Figueroa Corridor (Staples Center and the Convention Center) Bordered by Figueroa to the west and Broadway to the east. 5 1 Fig at 7th ( MAC, Zara & H&M) 2 Seven Grand/Mas Malo 3 NoMad Hotel 4 Bottega Louie 5 ACE Hotel 6 The Bloc Nima Bararsani Lic. 01507112 + 1 310 550 2543 CBRE, INC. [email protected] Broker Lic. 00409987 © 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited..
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