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Retail Brochure 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 OHIO CITY STREET MAP Cleveland Clinic Limelight Allied Health & Chiropractic Board Game Cafe Perplexity Escape Pizza Whirl Games Rib Cage Smoke- house Bad Tom Smith Brewing Ohio City Burrito Old Angle Tavern COWORKING Nano Brew Market Garden Brewery &Tours Ohio Savings Bank The Black Pig ABC the Tavern Mitchell’s Ice Cream Pins Mechanical Co. DINING Dave’s Market Dave’s (Coming) SOHO Chicken & Whiskey Choolah Third Federal Townhall Horizontal Books FINANCIAL Nate’s Deli & Restaurant Great Lakes Brewing Co. Cambodia & Vietnamese $1 per hour thereafter) RESTAURANTS/BARS/ENTERTAINMENT 450 Parking Spaces St. Ignatius Tasting Room High School PNC Bank LAND Studio (1st 90 mins free, Bar Cento Market Garden Bier Market Brewery Great Lakes Chase Pedestrian Walkway Brewing Bank West SideWest Market GROCER Square Park TouchSupper Club Market Koffie Flying Café Fig Souper Market LORAIN AVE. MEDICAL Skylight Financial Penzeys Boaz Spices Café Dave’s Cosmic Subs Crop Bistro & Bar Hansa Brewery Love ThreadingLove Bar COFFEE Bakersfield ARTS/SHOPPING Xhibition Salty Not Sweet Room Service The Velvet Tango Campbell’s Sweets Room BEAUTY Duck Island Club Forest City Brewery Duck Rabbit Citizen’s Pie Coffee N 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 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 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 E 24th 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 E 22nd St 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 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 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 Colu m bus Rd 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 Scranton R d W 4 5 t h S t Detroit Ave W 5 8 t h S t Commercial Rd Crescent Ave M e r w i n A v e 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 W 2 9 t h S t W 6 7 t h S t Franklin Ave 162A W 38th St Croton Ave W 5 4 t h S
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