WELCOME TO CLEVELAND’S MOST DYNAMIC NEIGHBORHOOD
PROJECT OVERVIEW
Retail Space: 36,000 SF on the street level of the Residential Tower (Phase 1)
298 Luxury Apartments on floors 2 - 8 at the corner of West 25th and Lorain Avenue, with unmatched amenities. Penthouse event venue, patios, fitness, bike storage and more.
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.
Access and Connectivity: INTRO is the most walkable and transit oriented hub in NE Ohio, immediately adjacent to the RTA Rail Line (700,000+ annual passengers), Bus Line, and access to all the major highway systems (I-90, I-71, I-77, I-480/I-271, and Rt 2)
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.
Amenity Parking & Access: The property will offer Valet service areas for restaurants, rideshare services, bicycle and scooter racks, and temporary convenience parking.
Exterior Plaza / Park: Directly across from the West Side Market on Lorain Avenue, will be Ohio City’s newest public green space, approximately 1 Acre, which will serve as the neighborhood’s new “living room” activated with art, cultural and family events. A new gathering space for the dynamic neighborhood. UNDER CONSTRUCTION - BROKE GROUND APRIL 2020
SE Corner of West 25th Street & Lorain Avenue, Cleveland 2021 West 25th Street, Cleveland (Ohio City), OH 44113 Potential 2-story Retail Flagship Corner (W. 25th St & Lorain Ave) Potential 2-story Restaurant Space with unobstructed views of Cleveland’s Skyline (Lorain Ave & Gehring St)
Expansive ceiling heights throughout the project; minimum height under beams of 11’ (rare occasions) 14’ elsewhere Beautifully exposed Mass-Timber construction
Seeking to be the most sustainable, energy-efficient new construction project building in the market Shell Delivery Fall 2021 Designed by Hartshorne Plunkard Architecture. Developed and Owned by Harbor Bay Real Estate Advisors. Leased by CBRE, Inc.
WALL STREET JOURNAL ARTICLE
RETAIL LEASING TEAM:
JOSEPH KHOURI KEVIN MOSS CBRE, Inc. CBRE, Inc. First Vice President Senior Associate 216 658 6120 216 363 6453 [email protected] [email protected]
RESTAURANT LEASING: OWNER / DEVELOPER:
STEPHEN TAYLOR DAN WHALEN CBRE, Inc. Harbor Bay Real Estate Advisors Vice President Vice President, Design & Development 2ND FLOOR (LORAIN AVE & ABBEY AVE) 216 658 6117 440 478 8245 [email protected] [email protected] W. 25TH LOOKING EAST
WEST 25th STREET W. 25TH LOOKING EAST “The median income in the Ohio City neighborhood has skyrocketed from $23,000 to $93,000 over the last decade.” - The Wall Street Journal 2016
“Median home values in Ohio City have shot up 800% since 2000 to $270,000 today.” - The Wall Street Journal 2016
LORAIN AVENUE LORAIN AVE & ABBEY AVE 2-STORY RESTAURANT SPACE LORAIN AVE & ABBEY AVE 2-FLOOR RESTAURANT SPACE DINING RESTAURANTS/BARS/ENTERTAINMENT ARTS/SHOPPING OHIO CITY COWORKING FINANCIAL GROCER MEDICAL COFFEE BEAUTY STREET MAP
Market Garden Brewery & Tours 450 Parking Spaces TheVelvet Tango (1st 90 mins free, Room $1 per hour thereafter)
DuckIsland Club
Forest City Brewery Duck Rabbit Coffee
LAND Studio
Nano Brew Mitchell’s Ice Cream West Side SOHO Chicken & Whiskey Choolah Townhall Horizontal Books Market Nate’s Deli & Restaurant Cambodia & Vietnamese PNC Bank
Market Garden Cleveland Brewery Pedestrian Walkway
Cafe Clinic house LORAIN AVE. Brewing AlliedHealth & Chiropractic Board Game Pizza Whirl
BadTom Smith RibCage Smoke- (Coming) Ohio City Burrito
Old AngleTavern
ABC theTavern Limelight Bank Chase Market Ohio Savings Bank Bar Cento Third Federal Perplexity Escape Games Pins Mechanical Co. Bier Market Square Park Skylight Love Threading Bar Financial Penzeys Koffie Spices Café Souper
GreatLakes Market Brewing Crop Bistro & Bar Flying Xhibition Bakersfield Fig Dave’s Cosmic Subs Room Service Salty Not Sweet Boaz
Café Campbell’s Sweets Dave’s Market Citizen’s Pie
Great Lakes Brewing Co. Tasting Room The Black Pig TouchSupper Club Hansa Brewery
St. Ignatius N High School BAR 2,696 SF
RESTAURANT 5,582 SF BAR 2,696 SF
RESTAURANT AVAILABLE 5,582 SF 4,623 SF
OPEN TO AVAILABLE AVAILABLE 4,623 SF 4,389 SF BELOW
BIKES AVAILABLE OPEN TO 4,389 SF BELOW MECH BIKES
RAMP DN MECH LOADING RAMP DN
LOADING LORAIN AVENUE LORAIN LEASING
RESIDENTIAL LOBBY LEASING
RESIDENTIAL LOBBY
AVAILABLE PETS 2,943 SF
AVAILABLE PETS EVENT LOBBY 2,943 SF AVAILABLE BANK 6,677 SF 3,947 SF EVENT LOBBY COFFEE AVAILABLE BANK 2,516 SF 6,677 AVAILABLESF 3,947 SF 1,271 SF COFFEE 2,516 SF AVAILABLE 1,271 SF
WEST 25th STREET BAR 2,696 SF
RESTAURANT 5,582 SF
AVAILABLE 4,623 SF
AVAILABLE OPEN TO 4,389 SF BELOW
BIKES
MECH
RAMP DN
LOADING
LEASING
RESIDENTIAL LOBBY
AVAILABLE PETS 2,943 SF
EVENT LOBBY AVAILABLE BANK 6,677 SF 3,947 SF COFFEE 2,516 SF AVAILABLE 1,271 SF
LORAIN AVENUE th STREET WEST 25 GEHRING AVENUE 29% of Ohio City residents are QUICK STATS - Millennials.
Median income in the Ohio City OHIO CITY neighborhood has skyrocketed 50 from $23,000 to $93,000 over Bars & the last decade Restaurants 7.4% RTA Ridership Increase 1,800,000+ Annual Visitors to 154,300 100’ the West Side Market Daytime Pop from RTA Rapid (5 mile) Station Ohio City is full of cultural; public, private & charter schools, 91 local restaurants and retail. Walk Score (No car needed) 250+ Ohio City Businesses
#7 Food City - Rated by Travel+ Leisure Largest Residential Downtown Population in Ohio.
Ohio City is rated the 2nd most walkable neighborhood in Cleveland.
75% home value increase in Ohio City since 2011. Downtown Cleveland is home to 3 major sports teams: Cleveland Cavaliers, Cleveland Indians and The Cleveland Browns Over $8 Billion in Downtown Development
The Cleveland Clinic #2 Hospital in the 79% Increase in young World - Newsweek 2019 and educated living in Downtown Cleveland Playhouse Square is the #1 Cardiology and Heart Surgery from 2000 to 2018. 2nd Largest theater Hospital, The Cleveland Clinic district outside of NYC. - U.S. News & World Report
Cleveland Museum of Highest concentration of Health Science Art 2nd Best Museum in jobs in the U.S. America Headquartered in CLE/AKRON: - Cleveland Clinic Foundation - University Hospitals Health System - Progressive - Marc’s - KeyCorp - MetroHealth Systems - Case Western Reserve University - Swagelok - Sherwin Williams - Drug Mart - NASA Glenn Research Center - Goodyear Tire and Rubber - Nestle - Lincoln Electric E 38th St
E 39th St 174A Quicken Loan Arena Lakeside Ave E
E 36th St 200 Events CSX Transportation Hamilton Ave Cleveland, Ohio Norfolk Southern E 34th St E 26th St
E 32nd St
E 30th St Districts & Neighborhoods Progressive Field E 31st St 80+ Home Games 173C N Marginal Rd Bethel Ct Davenport Ave
E 25th St Lakeside Ave E E 33rd St Krause Ct E 32nd St First Energy Stadium E 26th St 10+ Home Games E 9th St E 24th St E 31st Pl Downtown Cleveland Hamilton Ave ¤£6 Rockwell Ave E 27th St Stats & Projections S Marginal Rd Jack Casino E32nd St E 23rd St 173C Erieside Ave
E31st St
13 M Visitors E27th St Canfield Ct St Clair Ave NE Residential E 17th St
E 21st St 173B E33rd St Total Market Rate Units: 7,160 Playhouse Square E 12th St E 19th St 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 2nd Largest Theatre District Outside of NYC E24th St Average Sale Price: $298,716 Payne Ave Over 3,000 new units by 2022 CIVICE Lakeside Ave Walnut Ave ¤£322 Demand for an additional 6,800 units between 2018-2030 CENTER E22nd St Ontario St 30,000 Residents by 2023 E30th St DISTRICT 173B Rockwell Ave Walnut Ave E13th St W Lakeside Ave E18th St
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 16.4 MSF in CBD W 6th St Brownell Ct Prospect Ave E W 3rd St Class A Occupancy: 88.2% 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 River Rd River Prospect Ave E 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 W Eagle Ave Carnegie Ave
Center St Project Ave Hotel Convention Center ¦¨§90 Elm St Community College Ave THE FLATS ¤£422 E 24th St 19 hotels 169 total events in 2018 Mulberry Ave E 9th St
W 25th St Cuyahoga River 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
E 14th St Carter Rd $162.03 average daily room rate - $241,334 Attendees Loop Rd Merwin Ave Washington AveSuperior Via Central Via Woodland Ave $131.00 national average - $4.6 M in F&B Commitments Detroit Ave 171 162B
dR submuloC dR Canal Rd Broadway Ave E 33rd St Fall St - $90 - $100 M Economic Impact French St ¤£422 W 28th St 162A ¤£20 Metropolitan Rail Washington Ave Division Ave E 9th St ¦¨§77
¦¨§77 dR notnarcS dR
tS ht54 W ht54 tS Detroit Ave
tS ht85 W ht85 tS Commercial Rd Crescent Ave niwreM evA Orange Ave W 28th St Church Ave
Aust Ct W 27th Pl 14 Headquartered in CLE/AKRON: Drydock Ave UV Father Caruso Dr Breakwater Ave Church Ave W 33rd St
tS ht92 W ht92 tS tS ht76 W ht76 tS Franklin Ave 162A
W 38th St Croton Ave tS ht45 W ht45 tS - Cleveland Clinic Foundation Edgewater Dr Tillman Ave
Herman Ave W ht71 tS Father Frascati Dr Wheat Ct
Clinton Ave W 32nd St Circle Ct W 24th St
tS ht95 W ht95 tS
tS ht07 W ht07 tS Lorain Ave tS ht56 W ht56 tS tS ts16 W ts16 tS Metropolitan Rail Cliff Dr W ht46 tS Bridge Ave - University Hospitals Health System Battery Park Blvd Franklin Blvd tS ht47 W ht47 tS Vine Ct W 31st Pl W 3rd St Mahoning Ave W 18th St
tS ht67 W ht67 tS Jay Ave
Lake Ave W dr37 tS tS ht96 W ht96 tS Terrett Ave
tS ht87 W ht87 tS Waco Ct Transport Rd West Blvd W 30th St W 45th St - Progressive University Rd Abbey Ave Herman Ave gnirheG tS Randall Rd Woodbine Ave tS dn25 W dn25 tS W 6th St
tS ht45 W ht45 tS 171 tS ht02 W ht02 tS
Viking Ct W ht91 tS John Ave Conrail
Fulton Rd tS ht08 W ht08 tS
Desmond Ave W dr38 tS
- Marc’s Baltic Rd John Ct Carroll Ave lP ht05 W ht05 lP
tS ht78 W ht78 tS W 102nd St W ht01 tS tS ht58 W ht58 tS W 38th St Trumbull Ave tS ht98 W ht98 tS W 29th St Fairfield Ave
W 65th St Whitman Ave
tS ht44 W ht44 tS tS ts19 W ts19 tS W 48th Pl
Silk Ave W Clinton Ave W ht84 tS ¤£42 Literary Rd tS dr33 E dr33 tS W 32nd St W 26th St Whitman CtBridge Ave W 38th St
- KeyCorp W ht77 tS W 30th St Chatham Ave W 28th St Jefferson Ave W 93rd St W 5th St
Ellen Ave W ht05 tS Wheeling & Lake Erie
W 95th St Willey Ave tS ht57 W ht57 tS Bridge Ct W 6th St Rockefeller Ave
W 31st Pl tS ts18 W ts18 tS Bridge Ave Fulton Ct W 34th Pl
tS ht48 W ht48 tS Rockefeller Ave
College Ave
- MetroHealth Systems W ht08 tS tS ht47 W ht47 tS
tS ts17 W ts17 tS tS ht96 W ht96 tS W 7th St
W 38th St 38th W tS ht41 W ht41 tS Fir Ave W 33rd St Kenilworth Ave 2A
tS ts16 W ts16 tS Japan Ct
lP ht46 W ht46 lP Thurman Ave tS ht58 W ht58 tS Lorain Ct Hancock Ave lP ts14 W ts14 lP 170B
tS dn24 W dn24 tS Professor Ave W 73rd St Duke Ave Tremont Ave
tS ts14 W ts14 tS Monroe Ave tS ht75 W ht75 tS lP ht04 W ht04 lP tremont
- Case Western Reserve University Wakefield Ave tS ht11 W ht11 tS
West Blvd River Terminal
Norfolk Southern W ht44 tS
W 101st St W ht51 tS tS ht54 W ht54 tS Pear Ave Pear Ave UV10
Private Unidentified tS ht74 W ht74 tS Orchard Ave
W 18th Pl W 96th St Siam Ave 1B
W 98th St Starkweather Ave - Swagelok W 77th St
Madison Ave tS ht67 W ht67 tS Bailey Ave Brayton Ave W 7th St tS ht99 W ht99 tS Bailey Ave W 30th St Conover Ct Guthrie Ave
tS ht001 W ht001 tS
tS dr37 W dr37 tS erohS htuoS & hgrubweN & htuoS erohS
W 27th St KirkwoodW Aveht59 tS Turn Ave Auburn Ave Dille Rd
tS ht98 W ht98 tS Auburn Ave tS ht58 W ht58 tS 490 490 - Sherwin Williams W ts19 tS Lawn Ave ¦¨§ ¦¨§ ¦¨§71 1A W 7th St
tS ts101 W ts101 tS tS dr39 W dr39 tS Aspen Ct Lawn Ct Train Ave Barber Ave Conrail Larnder Ave ¦¨§90 W 87th St Dudley Ave ¦¨§90 Barber Ct
tS dr38 W dr38 tS 169
tS ts18 W ts18 tS Buckley Ave Vega Ave - Drug Mart Elton Ave W ht54 tS Eve Ave 169 Vega Ave Laird Ave Eve Ct Colgate Ave ¦¨§71 170C Sauer Ave 170A 170B River Terminal
tS ht69 W ht69 tS W 78th St W 55th St Fenwick Ave Wade Ave Quigley Rd tS ht08 W ht08 tS Colgate Ct Wade Ave
tS dr35 W dr35 tS Wade Ave
dR notluF dR
tS ht11 W ht11 tS tS ht21 W ht21 tS
- NASA Glenn Research Center Walworth Ave W ts14 tS
tS dn23 W dn23 tS Mill Ct W ht03 tS
Elton Ct Nordica Ct
lP ht31 W ht31 lP tS ht83 W ht83 tS
tS ht98 W ht98 tS W Tech Way W ht44 tS Junction Rd Seymour Ave
Macon Ave Hague Ave Erin Ave Walworth Ave CSX Transportation W 73rd St - Goodyear Tire and Rubber Nordica Ct Castle Ave d R ecn e d n e p e d nI - Nestle - Lincoln Electric City
Cuyahoga River Cleveland
Lake Erie CBD 6 OHIO CITY RETAIL TRADE AERIAL 40,342 Whiskey Island CENTER ST Cuyahoga River DETROIT AVE TRADE AREA INFO 2 W 25th Street and Detroit Avenue 16,764 (5 Miles) Edgewater Yacht Club • Population:254,387 • Daytime Population: 396,293 • Average HH Income: $47,461 • Total Businesses: 11,064 5 • Total Employees: 287,945
37,098 MAJOR OFFICE BLDGS 1 4 W 28TH ST 7 10 39.2 MSF Total 14,860 CARNEGIE AVE (3 Miles) 3 W 58TH ST 42,725 2 1. Key Tower - 1,425,00 SF 20 ALEA 2 Kan Zaman 2. 200 Public Square - 1,270,204 SF Gordon Restaurant 11,812 9 3. Carl B. Stokes U.S. Courthouse - Square 800,000 SF 6 4. PNC Center - 789,491 SF Ohio City 8 W 25TH ST 5. Tower at Erieview - 760,339 SF DETROIT AVE NEW RESIDENTIAL Lutheran FRANKLIN BLVD Hospital The Old Angle 119,244 DEVELOPMENTS Tavern The BIG EGG ±2,500 units
FULTON RD ABBEY AVE 1. The Edison (306) Momocho 2. Edge (62) St. Ignatious 3. Mariner’s Watch (62) High School 4. Church & State (161) 5. The Quarter (232) 6. Nautica Waterfront District (664) 7. W 25th Street Lofts (83)
LORAIN AVE SCRANTON RD 8. Franklin Circle (119) 90 13,266 9. Clinton West (70) 10. Thunderbir 10 BRIDGE AVE MAJOR EMPLOYERS W 65TH ST 1. Sherwin Williams - 4,000 employees 42 2. KeyCorp - 2,000 employees FULTON RD 3. Jones Day - 1,500 employees 4. AmTrust Financial - 1,466 employees 5. Medical Mutual - 1,430 employees W 14TH ST
LORAIN AVE W 44TH ST © 2020 CBRE, Inc. All rights reserved.
This information has been obtained from 20,235 20,235 sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent 128,858 90 investigation of the property and verify all information. Any reliance on this information is solely at your own risk. 143,779 Licensed Real Estate Broker Traffic Counts: Ohio Department of Transportation (ODOT) 2018 Last Updated: April 22, 2020 CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. CLEVELAND?