COMMERCIAL SPACES FOR LEASE NEW TRANSIT-ORIENTED … · 2019-03-11 · Kennedy Wilson Properties,...

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 #[email protected] MARIN KOPER Associate 310-887-3514CalBRE #[email protected]

LEE SHAPIRO [email protected] #00961769

MARIN KOPER [email protected] #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

Bre

a A

ve

SITE

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

P

( 31) SHORT TERMBIKE STORAGE

RETAIL ELEV TO PARKING

PROPERTY LINE

GAS METERS

DN

UP

2 STO

RY C

OM

M. BLD

G

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.





R1

SITE PLAN

north

LA BREA AVENUE

R2

4,405 SFAVAILABLE

8,668 SFAVAILABLE

Commercial Parking




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BUR

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RID

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USE

R B

LVD

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LA B

REA

AV

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CLO

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DET

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WILSHIRE BLVD.

SYCA

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AREA AMENITIES & MID-WILSHIRE WALKING MAP


CEDARS-SINAI MEDICAL CENTER

BEVERLY CENTER

THE GROVE

MUSEUM ROW

PICO & ROBERTSON

THE WILTERN

FARMER’S MARKET

WILSHIRE COUNTRY CLUB

SITE




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


SITE




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





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 NEW TRANSIT-ORIENTED … · 2019-03-11 · Kennedy Wilson Properties,...

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