Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s...

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10612 SOUTH PRAIRIE AVENUE Hollywood Park Sports + Concerts Cluster

Transcript of Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s...

Page 1: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

10612 SOUTH PRAIRIE AVENUE

Hollywood Park Sports + Concerts Cluster

Page 2: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers
Page 3: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

10612 Spa

Subject Property

Looking Southeast, from Prairie Avenue and Century Boulevard:

The Los Angeles Clippers Arena, completing September 2024, will straddle South Prairie Avenue

(‘Spa’) from Century to 104th St. The subject property is on Prairie between 106th and 107th streets

and a two-minute walk to the arena’s plaza.

Page 4: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

Hollywood Park 1938

The Forum 1967

Page 5: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

Chargers | Rams Stadium 2020

Clippers Arena 2024

Page 6: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

This exclusive offering of retail real property and an alcoholic beverage license

( 48 ) represents an ingenious private investment in anticipation of the July 2020

opening of the Los Angeles Stadium (NFL Chargers, NFL Rams) and, 1300’ up

Prairie Avenue from this site, the September 2024-opening NBA Clippers Arena.

Together with The Forum, as well as the planned Theatre at Hollywood Park,

Inglewood’s cluster of sports and concerts venues constitutes the highest seat

count of any entertainment district in the world.

The Bar on Spa can offer cocktails and beers with a casual food menu: the best

place to “pre-game” before heading to the stadium and a dank place to celebrate

football wins with cocktails, live music, and dancing.

CAPACITY

The Forum 17,500 | 8,000

Los Angeles Stadium 100,240 | 70,240

Theatre at Hollywood Park 6,000

Clippers Arena 18,000

Page 7: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

The sports and music venues at and around Inglewood’s Hollywood Park are the catalyst for a far wider redevelopment of this area of West Los Angeles, leveraging the obsolescence of much of Los Angeles’ aging office supply. Such projects include at Hollywood Park (+) and at the Clippers Arena (//):

+ 179,055 square feet of Class A Office at Prairie / Century debuting 2021

+ 500,000 square feet of family-oriented retail anchored by a water feature

+ 2,500 residential units completing by 2028 at a rate of 350 year starting in 2020

// 71,000 square feet office; 65,000 square feet retail; training facility and clinic

To the South, North, & East of the Bar on Spa four hotels are forthcoming:

Tru by Hilton 120 rooms | 111th St & Prairie | 2020 Debut

The Hosts 175 rooms | Century Blvd off Prairie | 2020 Debut

Hollywood Park hotel 300 rooms | 2022 Super Bowl Debut

Clippers Arena hotel 150 rooms | Century Blvd at Doty | 2024 Debut

Page 8: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

Above: 10612 Spa, the subject property, (blue façade) holds 50’ of frontage on the block of Spa between 106th and 107th streets. Below: 1422 Spa. Two Class A office buildings being filled up by the same leasing team that brought Netflix to East Hollywood from Beverly Hills. As demand grows the site can accommodate up to 780,000 square feet of space. s

Page 9: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

S P A SOUTH PRAIRIE AVENUE

The High Street

at the World’s Preeminent Sports + Concerts Cluster

The Forum 402 S P A

M & M

Live Entertainment Cartographies

Clippers Arena 10002 S P A

Clippers Training 10001 S P A

Subject Property

10612 S P A

Hosts’ Hotel 3900 W C

tru by Hilton 11111 S P A

Ballmer Hotel 3700 W C

HP Music Theatre 902 S P A

Class A Campus 1422 S P A

NFL Stadium 1202 S P A

Retail District 1522 S P A

Page 10: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

The property’s price is $1,300,000,

including an alcoholic beverage

license (48) that permits live

musical entertainment.

Bar/Building 2,860 sf

Lot 0.15 AC

Parking 11 Spaces

Traffic Count 38,758 per day

Height Limit 75’ / 6 stories

Setbacks None required

Zoning Commercial

General Plan INCYY

Bar on Spa

Page 11: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

Hollywood Park will host

Super Bowl 2022

NCAA Playoffs 2023

World Cup Finals 2026

Olympics 2028

Page 12: Hollywood Park Sports + Concerts Cluster · The sports and music venues at and around Inglewood’s Hollywood Park are the projects include at Hollywood Park (+) and at the Clippers

Adlee Efraim 310 : 498 : 5193 ca 02028358

Eitan M. Fattal 818 : 454 : 6158

ca 02088201

urbanize.la/neighborhood/Inglewood ongoing portal for all forms of new development in the city

Marcus & Millichap 515 S Flower St Los Angeles