OLIVE & PICO (OP) | Now Leasingimages3.loopnet.com/d2/Gjqf1SXduq9...7. Arashi Sushi Japanese 8....

www.kennedywilson.com/commercial

OP & G12 | Two Mixed-Use Properties Under ConstructionRETAIL & RESTAURANT SPACE FOR LEASESouth Park in Downtown Los Angeles

GRAND & 12TH (G12) | Due to Break Ground 2015

OLIVE & PICO (OP) | Now Leasing

SOUTH PARK | DOWNTOWN LOS ANGELES

LEE SHAPIROExecutive Vice President, Kennedy Wilson Brokerage Group310-887-6226 | [email protected] #00961769

JUSTIN WEISSSenior Associate, Kennedy Wilson Brokerage Group310-887-4350 | [email protected] #01920886


BUNKERHILL

AERIAL PERSPECTIVE

Welcome to Greenland Metropolis: The premier place to live and stay in downtown Los Angeles!

Metropolis is located conveniently between the central business district and the LA Live entertain-ment district, freeway adjacent with excellent car, pedestrian and public transport connectivity.

At over six acres in scale and over 2.5 Million square feet, Metropolis will be built in two-phases comprising four distinctive towers ascending in height on top of a retail, amenity and parking podium.

The podium will be very pedestrian friendly and will play a key role in realizing the Avenue of An-gels master plan concept that will link LA Live to the Wilshire Grand along Francisco St.

Ascending from the street level, visitors will arrive at the upper podium restaurant and retail destina-tions fronted by a large, open landscaped plaza. Just above are the private amenities and exterior spaces of the towers.

The first tower, at the corner of Francisco St and James Woods Blvd is a 400 Key hotel occupying a prominent view from the freeway access ramp and an axial view from LA Live. This tower has tremen-dous potential for visibility and sign/advertising revenue.

Three residential towers ascend moving eastward on the site. Each tower is like a sculpted mono-lith of jadeite; polished on some sides and tooled on other sides. The towers change shape as they ascend to optimize views and conform to context and orientation. The resulting collection of towers forms a distinctive landmark gracefully set apart from the rest of the LA skyline.

METROPOLIS | DOWNTOWN LOS ANGELES, CALIFORNIA CONCEPT DESIGN PRESENTATION | OCTOBER 07, 2013 | Page 14

METROPOLISFIG CENTRAL

8TH & OLIVE

BROAD MUSEUM GRAND AVE PROJECT

AVANT

SOUTHPARK

FINANCIALDISTRICT

CIVICCENTER

LITTLETOKYO

HISTORICDOWNTOWN

7th Street

5th Street

6th Street

Figueroa StreetFigueroa Street

Olym

pic Blvd.

Wilshire Blvd.

Los Angeles Street

Olive Street

Hill Street

Temple Street

Grand Avenue

Grand Avenue

Broadway

1st Street

Main Street

3rd Street

FARMERS FIELD* WILSHIRE GRAND

RESIDENTIAL & MIXED-USE DEVELOPMENTS

1 Figueroa South (Jardin) 8 5-OH (formerly Park Fifth)

2 Indigo Condominiums 9 3 Cal Plaza Development

3 Olive Lofts 10 Grand Avenue Tower

4 Transamerica Lofts 11 Medallion 2.0

5 Forest City Residential 12 Vibiana Lofts

6 Onni Tower 13 Ava

7 8th & Hope Tower * Proposed site for Farmers Field

1

23

4

56

7

8 9

10

11 12

13

12TH & GRANDTHE BLOC

ACE HOTEL

FIGUEROA COURTYARD




Property Highlights � A total of ±31,684 SF of ground floor commercial spaces beneath 640 apartment

units between the back-to-back mixed-use developments in the heart of the South Park neighborhood

� Phase 1- Now Leasing: On the Northwest corner of Pico Boulevard at Olive Ave. comprised of a ‘hard-corner box anchor tenant space’ of approximately 9,950 SF, as well as two shop-spaces of approximately 2,363 SF & 2,522 SF each beneath 293 luxury apartment units, the project has broken-ground with a scheduled completion date of Summer, 2016

� Phase 2: On the Southeast corner of Grand Boulevard at 12th Street, comprised of a ‘hard corner box anchor tenant space’ of approximately 16,664 SF, as well as a shop space of approximately 2,455 SF, beneath 347 luxury apartment units, the project expects to break ground in 2015 with a scheduled completion date of early 2017

� Spaces can be leased to retail, helath related uses, or restaurants

� High ceiling space with commercial on-grade parking for commercial customers

� First-view property leading into Downtown Los Angeles from the east-bound Grand Avenue exit from the 10 Freeway

Area Highlights � One block from the EVO apartment community and the proposed MackUrban

development project

� Two blocks from the Metro Expo Line, which links Downtown with USC, Culver City, and Santa Monica

� Three blocks from “Times Square West,” comprised of Staples Center, L.A. LIVE, the L.A. Convention Center, and the proposed Farmers Field Football Stadium

� 4,000 additional residential units under construction within a 4 block radius of the property

� 2,000 existing 4- and 5-star hotel rooms within a five minute walk, as well as an additional 2,000 new hotel rooms currently under construction in the submarket

� South Park boasts the strongest residential demographics and largest percentage of high- end condominiums and apartments in the Downtown area

� 14 million destination guests currently visit South Park every year

OP & G12




PICO

BLV

D.

12TH

ST.

GRAND AVE.

C107:2,522 SF

C102:2,363 SF

16,664 SFC102:2,455 SF

G12 | PHASE 212th & GrandDue to Break Ground 2015

OP | PHASE 1Pico & OliveNow Leasing

OLIVE ST.

N

C119:9,944 SF

2,643 SF(NAP)




FLOW

ER ST.

HOPE ST.

GRAND AVE.

OLIVE ST.

12TH ST.

1

2

3 4

56

7

1011

12

9 8

13

EXISTING FOOD USE5. Rivera Restaurant Latin

6. The Palm Surf & Turf

7. Arashi Sushi Japanese

8. Planned Restaurant Unnamed

9. Il Mare Italiano Italian

10. Hygge Bakery

11. Starbucks Coffee

12. Choco Chicken Planned Restaurant

13. Market Cafe Restaurant/Cafe

EXISTING SERVICES

1. Bottlerock Wine Shop/ Restaurant

2. Crossfit Fitness

3. Salon Eleven Salon

4. Urban Fit Fitness

NEEDED SERVICES/RETAIL � Boutique Retail � Personal Services � Box Retail � Grocery � Bakery/Dessert � Drug and Convenience

OP

G12

PICO BLVD.

SOUTH PARK




MULTIFAMILY

FOOD USE

HOTEL

RETAIL

OFFICE/OTHER

KEY:

* See numbered list on followin page

52 53 54

SITEPICO BLVD.

OLYMPIC BLVD.

12TH ST.

OLIVE S

T.GRAND A

VE.

HILL ST.

HOPE ST.

FLOW

ER ST.

FIGUER

OA ST.

GRAND AVE.

9TH ST.

8TH ST.

MAIN

ST.

BROADW

AY

FIGU

EROA

ST.

OLYMPIC BLVD.

FLOW

ER S

T.

HOPE

ST.




MULTIFAMILY1. The Blackstone90 apartment lofts

3. Luxury Apartments700 units, 70K SF retail, breaks ground 1Q 2014, developed by GH Palmer

4. Luxury Lofts250 units, breaks ground early 2014, developed by Barry Shy

5. Luxury Lofts250 units, breaks ground early 2014, developed by Barry Shy

7. Luxury Apartments281 units, to be completed by 4Q 2014, developed by Hanover Group

8. Luxury Apartments200 units, breaks ground late 2014, developed by Lennar

9. Luxury Apartments200 units, breaks ground late 2014, developed by Hanover 13. Planned High-Rise Site

14. Planned High-Rise SiteDeveloped by Mac-Urban

15. Planned High-Rise SiteDeveloped by Mac-Urban

17. The Packard Lofts120 luxury lofts

19. Renaissance Tower Apart-ments200 units

20. Mixed-Use Apartment Tower303 luxury units, developed by Onni, completed by early 2015

22. Planned Mix-Use Apt. TowerDeveloped by CIM Group

HOTEL2. The Ace HotelPlanned 180-room boutique hotel

6. Planned Korzen 4-Star HotelBoutique, conversion begins mid-2014

21. Planned 5-Star Boutique HotelDeveloped by Chetrit Group, operated by King & Grove, 300 rooms, completed by late 2014

35. Planned 4 Star Boutique HotelConstruction begins mid-2014

FOOD USE10. Unnamed Restaurant/LoungeCompleted by late 2014

12. Planned Restaurant Space8,000 SF restaurant

38. The Stocking Frame Bar-Restaurant

42. Rivera RestaurantLatin

43. The PalmSurf & Turf

44. Arashi SuchiJapanese

45. Planned Restaurant Unnamed

46. Il Mare ItalianoItalian

47. Hygge Bakery

48. StarbucksCoffee

49. Choco ChickenPlanned Restaurant

50. Market CaféRestaurant/Café

51. Bottlerock Wine Shop/Restaurant

OFFICE/OTHER16. The DesmondLuxury creative office, developed by Lincoln Partners, completed by late 2014

18. Fashion Institute of Design and Merchandising2,000 students

23. Standard Oil BuildingCreative office

25. Planned FIDM Campus and Apartment Tower

27. Petroleum TowerCreative office

28. Creative Office Building

MULTIFAMILY24. 717 OlympicLuxury apartment tower, 161 units

26. Planned Mix-Use Apartment Tower

29. Market LoftsMixed-use, 260 condominium lofts

30. Mixed-Use Loft Tower290 luxury units, developed by Wood Partners, 3Q 2014

31. Grand Lofts50 condominium lofts

32. EllevenMixed-use, 160 luxury high-rise condos

33. LumaMixed-use, 240 luxury high-rise condos

34. EvoMixed-use, 304 luxury high-rise condos

37. Planned Mixed-Use Site1,000 condos, hotel

39. Urban VillageMixed-use, 100 units, breaks ground early 2014

40. Met Lofts Mixed-use, 240 units

41. Luxury Apartments(see #3)

RETAIL11. The Well Clothing BoutiqueTrendy apparel and salon

28. Ralph’s Fresh Fare

52. CrossfitFitness

53. Salon ElevenSalon

54. Urban FitFitness


12th & Grand is “The Link” between South Broadway and L.A. LIVE, two very different neighborhoods with diverse daily and nightly populations. South Broadway, from 7th street to 12th street, is transforming into Downtown’s version of Soho. Hip boutique hotels, historic residential bldgs., creative office tenants and avant garde retailers are flocking to this neighborhood. In comparison, the neighborhood

“Times Square West” surround L.A. LIVE/Staples Center/Convention Center draws millions of destination visitors and shoppers per year.

In addition, there are thousands of luxury, new-construction residential units here. As a link between these two neighborhoods, retailers at G12 will have the unique

opportunity to draw customers from both and elevate into one of the most seclectic destinations in Downtown. Whether you’re white collar, blue collar, or a hipster, G12 can be become the crossroads for everyone.

TIMES SQUARE

SOHO

TIMES SQUAREAnticipated tenants likely to be interested in West South Park. In addition to existing large credit tenant restaurant groups.

� Bloomingdale’s � Barney’s � Gelson’s � P.F. Chang’s � Forever 21 � Pottery Barn � The Cheesecake Factory � Uniqlo � Bed, Bath, & Beyond

• Crunch Fitness

G12: “THE LINK”L.A.’s “TIMES SQUARE” L.A.’s “SOHO”

MILLENNIAL HIPSTER

� Young Professional � FIDM Student � Artists � Designers � Creative Office Employees

South Park: The LinkCrucial opportunity to link together two disparate neighborhoods. Important to draw the kind of service/retail users that will motivate conventioners to travel East and hipsters/young professionals to travel West.

DESTINATION VISITOR

� Concert � Convention � Event � Sports � Corporate Professionals

G12: THE LINK

SOHOEclectic, avante garde, rugged tenants catering to the millennial hipster with money. Very destination oriented.

EXISTING OR SOON-TO-OPEN � Acne Studios � Oak � APC � Tanner Goods � ASOP � Big Gay Ice Cream � KinBolk Studios � OmNom Organic � Ace Hotel

ANTICIPATED TENANTS � Gant � Yves Saint Laurent � Varvatos � eataly � Soho House � SkinGraft � Hudson � Maxfield � Warby Parker

CATALYTIC DEVELOPMENTS � Brad Korzen boutique hotel � Iterald Examiner Building � 12th/Main creative office




Downtown L.A. Demographic Study 2013

JUSTIN WEISS

LEE SHAPIRO

ED SACHSE

12TH & GRANDLOS ANGELES, CA 90015 RETAIL SPACE FOR LEASE

JUSTIN WEISSKennedy Wilson Brokerage GroupSenior [email protected] BRE License #01920886

LEE SHAPIROKennedy Wilson Brokerage GroupExecutive Vice [email protected] BRE License #00961769

THE BLOC

WILSHIRE GRANDFIG CENTRAL

FARMERS FIELD

AVANT ACE HOTEL

STAPLES CENTER

8TH & OLIVE

Introducing: 12TH & GRAND

12TH & GRAND is surrounded by

Downtown’s most iconic destinations

AERIAL PERSPECTIVE

Welcome to Greenland Metropolis: The premier place to live and stay in downtown Los Angeles!

Metropolis is located conveniently between the central business district and the LA Live entertain-ment district, freeway adjacent with excellent car, pedestrian and public transport connectivity.

At over six acres in scale and over 2.5 Million square feet, Metropolis will be built in two-phases comprising four distinctive towers ascending in height on top of a retail, amenity and parking podium.

The podium will be very pedestrian friendly and will play a key role in realizing the Avenue of An-gels master plan concept that will link LA Live to the Wilshire Grand along Francisco St.

Ascending from the street level, visitors will arrive at the upper podium restaurant and retail destina-tions fronted by a large, open landscaped plaza. Just above are the private amenities and exterior spaces of the towers.

The first tower, at the corner of Francisco St and James Woods Blvd is a 400 Key hotel occupying a prominent view from the freeway access ramp and an axial view from LA Live. This tower has tremen-dous potential for visibility and sign/advertising revenue.

Three residential towers ascend moving eastward on the site. Each tower is like a sculpted mono-lith of jadeite; polished on some sides and tooled on other sides. The towers change shape as they ascend to optimize views and conform to context and orientation. The resulting collection of towers forms a distinctive landmark gracefully set apart from the rest of the LA skyline.

METROPOLIS | DOWNTOWN LOS ANGELES, CALIFORNIA CONCEPT DESIGN PRESENTATION | OCTOBER 07, 2013 | Page 14

METROPOLIS

OLIVE & PICO (OP) | Now Leasingimages3.loopnet.com/d2/Gjqf1SXduq9...7. Arashi Sushi Japanese 8....

Documents

Transcript of OLIVE & PICO (OP) | Now Leasingimages3.loopnet.com/d2/Gjqf1SXduq9...7. Arashi Sushi Japanese 8....