Post on 23-Feb-2020
COMMERCIAL SPACES FOR LEASE NEW TRANSIT-ORIENTED MIXED-USE DEVELOPMENT Just off NWC of La Brea Avenue/Wilshire Boulevard•639 S. La Brea Avenue, Los Angeles, CA 90036 Adjacent to the Future Purple Line Metro Station
LEE SHAPIRO EVP & Director of Retail Leasing310-887-6226CalBRE #00961769LShapiro@kennedywilson.com MARIN KOPER Associate 310-887-3514CalBRE #02059272MKoper@kennedywilson.com
LEE SHAPIRO 310-887-6226Lshapiro@kennedywilson.comCalBRE #00961769
MARIN KOPER 310-887-3514MKoper@kennedywilson.comCalBRE #02059272
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
the hungry trader restaurant
AVAILABLE SPACESuite Size Rent (PSF/Mo. NNN)
R1 4,405 SF Negotiable
R2 8,668 SF Negotiable
PARKING
47 commercial spaces on-grade and subterranean
PROPERTY HIGHLIGHTS
• Grocery/box and restaurant space available at La Brea Ave. and Wilshire Blvd.; ±85,000 cars per day
• Below 121 apartments and 122-key hotel; delivery early 2023.
• Ample on-site parking for customers.
• Near incredible shopping and dining: Republique, La Brea Bakery, Orchard Supply Hardware, BevMo!, The Hungry Trader and Lassens.
• Adjacent to the Metro Purple Line station, scheduled for completion in 2023.
• Short-term pop-up space available in existing building*Prospective tenants are hereby advised that all uses are subject to City approval
Wilshire Blvd
S La
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LOCATION
NEIGHBORING TENANTSOVERVIEW
Commercial Spaces for Lease 639 S. LA BREA AVENUE, LOS ANGELES, CA 90036
426
16'-0"21'-8 1/2 "
33'-4 1/2 "33'-10"
104'-11"
15'-0"
123
SOUTH LA BREA AVE.
104'-11"
5 STORY RESIDENTIAL BUILDING
1 STORY GARAGE BLDG
3 STORY RESIDENTIAL BUILDING4 STORY RESIDENTIALBLDG 1 STORY GARAGE BLDG1 STORY GARAGE BLDG
224 325
4 STORY COMMERCIAL BLDG 2 STORY COMMERCIAL BLDG 1 STORY COMMERCIAL BLDG1 STORY COMMERCIAL BLDG
TEMPORARY ALLEY TO S. DETROIT ST.
PARKING
PPPPPPPP
PM PM PM PM PM PM
20'-0"
ALLEY
FUTURE ALLEYTO LA BREA
LOADING ANDTRASH COLLECTION
SERVICE CORRIDOR
MAILAND
PACK.450 SF
VALET RETURN / RIDESHARE DROP
RESI AN
D R
ETA
IL DR
OP
HO
TEL VALET D
RO
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( 31) SHORT TERMBIKE STORAGE
RETAIL ELEV TO PARKING
PROPERTY LINE
GAS METERS
DN
UP
2 STO
RY C
OM
M. BLD
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PHASE I
400'-0"
PHASE II
51'-0"
FUTURE ALLEY
30'-0"
21'-0"
FUTU
RE D
WP
YARD
8'-0"
26'-0" 26'-0" 26'-0"22'-0"
21'-3"
(108) LONG TERM STACKING BIKE STORAGE
SHAFTTO ROOF
RAMP DOWN TO GARAGE
METAL CANOPYREVOCABLE PERMIT
REQUIRED
6'-0"
22'-0"
RAS3 5'-0" SIDEYARDREQUIRED AT RESIDENTIAL
4'-0"
4'-0" UTILITY EASEMENT45'-3" 139'-0"
TYP
8'-6"
5'-0"
33'-10"
123B
#1 PE
40'-0"
BIKEREP.
89'-11"
#2PE
(17) PARKING STALLS
SHAFTTO ROOF
7'-0"
RESIAMENITY
400 SF
#3 SE PE
#4 PE
#5PE
#6 SE PE
386 SFELEC
368 SFFP
FCC
1,092 SFTRANS VAULT
1,286 SFHOTEL BOH
4,405 SFRESTAURANT 1,810 SF
HOTEL
104'-11" 725 SFTRASH
#1 ELEV TO LOUNGE
8,668 SFRETAIL
1,511 SFRESI LOBBY
395'-0"
45'-6"
31'-11"
26'-0"
SHAFTTO ROOF
TRASH CHUTE ABOVE
21'-3"
16' 32'0Morris Adjmi Architectswww.ma.com 1/32" = 1'-0" 12
Level 1 Floor Plan639 South La Brea Ave.Los Angeles, CA 90036 February 18, 2019
OPPORTUNITY FORFRONT/BACK OPENINGELEVATOR TO MAINTAINSEPARATION BETWEENLOUNGE AND BOH IFREQUIRED.
LEE SHAPIRO 310-887-6226Lshapiro@kennedywilson.comCalBRE #00961769
MARIN KOPER 310-887-3514MKoper@kennedywilson.comCalBRE #02059272
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
Commercial Spaces for Lease 639 S. LA BREA AVENUE, LOS ANGELES, CA 90036
R1
SITE PLAN
north
LA BREA AVENUE
R2
4,405 SFAVAILABLE
8,668 SFAVAILABLE
Commercial Parking
LEE SHAPIRO 310-887-6226Lshapiro@kennedywilson.comCalBRE #00961769
MARIN KOPER 310-887-3514MKoper@kennedywilson.comCalBRE #02059272
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
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AREA AMENITIES & MID-WILSHIRE WALKING MAP
Commercial Spaces for Lease 639 S. LA BREA AVENUE, LOS ANGELES, CA 90036
CEDARS-SINAI MEDICAL CENTER
BEVERLY CENTER
THE GROVE
MUSEUM ROW
PICO & ROBERTSON
THE WILTERN
FARMER’S MARKET
WILSHIRE COUNTRY CLUB
SITE
LEE SHAPIRO 310-887-6226Lshapiro@kennedywilson.comCalBRE #00961769
MARIN KOPER 310-887-3514MKoper@kennedywilson.comCalBRE #02059272
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
The long-awaited Metro Purple Line Subway Extension is now under construction. From the current terminus at Wilshire/Western, the Purple Line Extension will extend westward for about nine miles with seven new stations.
It will provide a high-capacity, high-speed, dependable alternative for those traveling to and from LA’s “second downtown,” including destinations such as Miracle Mile, Beverly Hills, Century City and Westwood.
Los Angeles is closer than ever to making this long-anticipated project a reality, connecting West Los Angeles to the region’s growing rail network, and improving mobility for everyone who lives, works and plays throughout Los Angeles County.
METRO PURPLE LINE EXTENSION
Commercial Spaces for Lease 639 S. LA BREA AVENUE, LOS ANGELES, CA 90036
SITE
LEE SHAPIRO 310-887-6226Lshapiro@kennedywilson.comCalBRE #00961769
MARIN KOPER 310-887-3514MKoper@kennedywilson.comCalBRE #02059272
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
The Wilshire/La Brea station will be located under Wilshire Blvd. from just east of Orange Dr. west to Detroit St.
The station entrance is planned for the Metro-owned property on the northwest corner of Wilshire Blvd. and La Brea Ave. Construction staging will occur at this property as well as the Bank of America site on the southwest corner.
This station will serve as an eastern gateway to the Miracle Mile area and provide easy north-south connections to La Brea Ave.
SITE
Wilshire/La Brea Station
Rendering below shows how the Wilshire/La Brea Station might look.
The Wilshire/La Brea station box will be located under Wilshire Bl from just east of Orange Dr west to Detroit St. The station entrance is planned for the Metro-owned property on the northwest corner of Wilshire Bl and La Brea Av. Construction staging will occur at this property as well as the Bank of America site on the southwest corner. This station will serve as an eastern gateway to the Miracle Mile area and provide easy north-south connections to La Brea Av.
LA BREA/WILSHIRE STATION
Commercial Spaces for Lease 639 S. LA BREA AVENUE, LOS ANGELES, CA 90036
LEE SHAPIRO 310-887-6226Lshapiro@kennedywilson.comCalBRE #00961769
MARIN KOPER 310-887-3514MKoper@kennedywilson.comCalBRE #02059272
Kennedy Wilson • 151 S. El Camino Drive, Beverly Hills, CA 90212 • 310-887-6400 • www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
AREA DEMOGRAPHICS 1 Mile 2 Miles 3 Miles
POPULATION
2017 Estimated Population 42,941 183,067 531,075
2022 Projected Populat ion 44,645 190,599 553,457
2010 Census Populat ion 39,927 173,019 499,703
2000 Census Populat ion 37,316 174,274 515,727
Projected Annual Growth 2017 to 2022 0.8% 0.8% 0.8%
Historical Annual Growth 2000 to 2017 0.9% 0.3% 0.2%
2017 Median Age 36.2 36.8 35.9
HOUSEHOLDS
2017 Est imated Households 20,799 79,592 229,315
2022 Projected Households 21,820 83,599 241,162
2010 Census Households 19,097 74,233 212,800
2000 Census Households 18,031 73,174 212,462
Projected Annual Growth 2017 to 2022 1.0% 1.0% 1.0%
Historical Annual Growth 2000 to 2017 0.9% 0.5% 0.5%
RACE & ETHNICITY
2017 Est imated White 52.5% 45.9% 45.4%
2017 Est imated Black or Afr ican American 13.1% 14.7% 12.3%
2017 Est imated Asian or Pacif ic Is lander 23.3% 20.5% 18.0%
2017 Est imated American Indian or Native Alaskan 0.4% 0.5% 0.6%
2017 Est imated Other Races 10.7% 18.4% 23.6%
2017 Est imated Hispanic 16.6% 29.2% 38.4%
INCOME
2017 Estimated Average Household Income $117,480 $100,797 $80,201
2017 Est imated Median Household Income $79,679 $71,322 $59,047
2017 Est imated Per Capita Income $56,951 $43,912 $34,730
EDUCATION
2017 Est imated Elementary (Grade Level 0 to 8) 3.5% 8.3% 11.3%
2017 Est imated Some High School (Grade Level 9 to 11) 2.5% 5.4% 7.5%
2017 Est imated High School Graduate 11.0% 16.1% 18.0%
2017 Est imated Some College 16.3% 17.3% 17.5%
2017 Est imated Associates Degree Only 5.0% 5.8% 5.7%
2017 Est imated Bachelors Degree Only 40.5% 31.4% 27.7%
2017 Est imated Graduate Degree 21.2% 15.7% 12.5%
BUSINESS
2017 Estimated Total Businesses 2,547 11,832 32,092
2017 Est imated Total Employees 23,935 89,703 271,478
2017 Est imated Employee Populat ion per Business 9.4 7.6 8.5
2017 Est imated Resident ial Populat ion per Business 16.9 15.5 16.5
Commercial Spaces for Lease 639 S. LA BREA AVENUE, LOS ANGELES, CA 90036