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1100 W Grand An irreplaceable infill land site with unparalleled visibility from nearly 307,000 daily vehicles traveling on I-90/94 and the Ohio/Ontario Street feeder ramps SE WILLIS TOWER Lake Michigan LOOP NOBU HOTEL EQUINOX HOTEL MERCHANDISE MART WEST LOOP HOXTON HOTEL Future RIVER NORTH Headquarters FULTON MARKET Restaurant Row Grand DISTRICT CTA Blue Line 1100 W GRAND I-90/94 and Ohio and Ontario Feeder 1100 WEST GRAND Chicago, Illinois OFFERING SUMMARY 2 1100 WEST GRAND CONTACTS DANNY KAUFMAN PATRICK WALKER HFF CHICAGO Managing Director Director 312.528.3684 312.980.3607 181 West Madison Street [email protected] [email protected] Suite 3900 Chicago, IL 60602 P: (312) 528-3650 F: (312) 528-3651 AMY SANDS CLINTON MITCHELL GREGORY NAPPER Director Director Analyst 312.980.3613 312.980.3619 312.300.7293 [email protected] [email protected] [email protected] Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on Twitter @HFF. 1100 WEST GRAND 3 HFF has been retained on an exclusive basis to present an investment opportunity in a land site located at 1100 West Grand Avenue. The 22,116 square-foot site occupies a key position in River West, connecting two of Chicago’s hottest 24/7 mixed-use urban neighborhoods, Fulton Market and River North. The site has unparalleled visibility from I-90/94 and the Ohio Street and Ontario Street feeder ramps. INVESTMENT HIGHLIGHTS Undeveloped C1-5 zoned land site with strong Unparalleled visibility from I-90/94 and the Ohio Ideal River West location connecting two of development momentum in immediate area Street and Ontario Street feeder ramps Chicago’s preeminent submarkets, Fulton Market and River North with immediate access to the Milwaukee and Grand Corridor Highly walkable and transit-oriented development Proximity to two 24/7 neighborhoods populated Dynamic downtown apartment market featuring site next to multiple CTA “el” lines, dedicated bike by trendy bars, acclaimed restaurants, renowned annual rent growth of 8.1% in 2015 and projected lanes, and proximate to key I-90/94 access ramp entertainment, leading retailers, boutique hotels, 4.3% rent growth in 2016 and creative office space occupied by numerous tech companies and blue chip companies like Google, McDonald’s, and Uber 4 1100 WEST GRAND PROPERTY OVERVIEW THE OPPORTUNITY 1100 West Grand Avenue presents a rare development opportunity featuring an unparalleled location in K en ne Chicago’s hottest downtown neighborhood of Fulton dy Ex Market. The 22,116 square-foot site is currently zoned pre ssw as C1-5 (Neighborhood Commercial-District). ay 94 SITE SUMMARY Site Area 22,116 SF Current Zoning1 C1-5 182.08’ Tax Parcel ID's 17-08-238-023-000 N May Street 17-08-238-024-000 17-08-238-027-000 1855 SF land sliver in the northeast corner of the Site is zoned M1-2 98.23’ 150.77’ BOUNDARIES The Site is located on the north side of West Grand 175.00’ Avenue, south of the Ohio/Ontario Street I-90/94 interchange, west of a vacant site owned by the city W Grand Ave that serves as a buffer to the interstate, and east of a public alley. The public alley connects West Grand Avenue and North May Street and is bordered on the western side by several existing structures. 1100 WEST GRAND 5 CURRENT USE C1-5 ZONING NEIGHBORHOOD COMMERCIAL DISTRICT The Property currently functions as a surface parking lot containing approximately SPECIFICATIONS 50 parking spaces for overflow parking from the nearby Tesla dealership. Tesla Zoning Ordinance Reference §17-3-0105 pays monthly rent of $8,000 for the surface spaces (annual rent of $96,000 vs Floor Area Ratio 5 2016 payable taxes of $25,902). This is an agreement that has already been Maximum Building Height 80 Feet extended through April 2017 with additional opportunity to extend or allow the Lot Area per Unit (Density) 200 sq tf/dwelling unit, 100 sq ft/SRO unit lease to expire. The Site also contains a convenience store, car wash, and two SETBACKS auto mechanic garages from its previous use that are no longer in operation. Front Yard None A Phase I Environmental has been conducted and revealed no evidence of Side None recognized environmental conditions in connection with the Site. Back Yard 30 Feet (if floor contains dwelling units) ZONING The Site is currently zoned as C1-5 (Neighborhood Commercial District) with the exception of the land sliver in the northeast corner zoned M1-2. Investors may consider undergoing the Planned Development (“PD”) process to increase the potential scale of the site. The PD zoning designation is required for certain projects to ensure adequate public review, encourage unified planning and development, promote economically beneficial development patterns that are compatible with the character of existing neighborhoods, allow design flexibility, and encourage the protection and conservation of the city’s natural resources. The Planned Development review process is divided into two parts. Part I involves basic zoning controls and statements intended to guide the development of a particular site. Part II requires a review of actual project plans prior to construction. 6 1100 WEST GRAND Lake Michigan SE WILLIS TOWER RIVER NORTH LOOP NOBU HOTEL EQUINOX HOTEL OHIO ST./ONTARIO ST. FEEDER RAMP THE PARKER WEST LOOP MILWAUKEE & GRAND CORRIDOR WEST LOOP KENECT CHICAGO THE DAWSON K2 LA SCAROLA HOXTON HOTEL PICCOLO SOGNO MetraTWO Future Headquarters Morgan Grand CTA Green Line CTA Blue Line Metra CTA Pink Line FULTON MARKET Restaurant Row FULTON WEST Metra I-90/94 and Ohio and Ontario Feeder (307,000 vehicles per day) 1100 W GRAND Grand Avenue Grand Ogden Avenue Atlanta | Austin | Boston | Carolinas | CHICAGO | Denver | Dallas | Florham Park (NJ) | Houston | Indianapolis Los Angeles | Miami | New York | Orange County (CA) | Orlando | Philadelphia | Phoenix | Pittsburgh Portland (OR) | San Diego | San Francisco | Tampa | Washington, DC | London.
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