Restaurant & Retail Spaces for Lease · 2016. 12. 28. · HANOVER GRAND. Olympic Blvd. ARK by...

Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com

Kennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00746768) 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.

Lee ShapiroExecutive Vice President310-887-6226 | [email protected] #00962769

Justin WeissVice President213-538-8631 | [email protected] #01920886

Restaurant & Retail Spaces for LeaseNEW DEVELOPMENT IN DTLA | NOW LEASING

THE SOUTH PARK COLLECTION

HANOVER OLYMPIC321 W. Olympic Blvd. | Los Angeles, CA 90015

JOIN NEIGHBORING TENANTS



Restaurant & Retail Spaces for LeaseNEW DEVELOPMENT IN DOWNTOWN L.A.





PROPERTY DESCRIPTION

Location: 321 W. Olympic Blvd., Downtown Los Angeles, CANEC Olympic Blvd. at Olive St.

Available Spaces: ±14,500 SF (divisible)Rent: $4.00 - $4.50/SF/Month, NNN (±$1.00/SF/Month)

PROPERTY HIGHLIGHTS

� Commercial spaces beneath 263 luxury apartments

� In the heart of the South Park neighborhood

� 15’ - 16’ ceiling height throughout the ground floor

� 8 commercial on-grade customer parking spaces

� Designed for creative restaurant occupancy

� Master CUP in process for alcohol service

� Three (3) retail shafts for restaurant ventilation

Olympic Blvd.

Hill St.

Grand

Ave

.

9th St.

Hanover Grand414-450 W. Olympic Blvd.

HANOVER OLYMPIC321 W. Olympic Blvd.

South Park by Windsor301 W. Olympic Blvd.

Olive S

t.


Flower

St.

Hope S

t.

8th St.

11th St.

Broad

way S

t.



Lee ShapiroExecutive Vice President310-887-6226 | [email protected] | CalBRE #00962769

Justin WeissVice President213-538-8631 | [email protected] | CalBRE #01920886

HANOVER OLYMPICPart of the South Park Collection321 W. Olympic Blvd. | Los Angeles, CA 90015

Restaurant & Retail Spaces for LeaseNew Development in Downtown L.A.

OLYMPIC BLVD.

GRAND A

VE.

OLIVE S

T.

HILL S

T.

9TH ST.HANOVE

R GRA

ND

414-

450 W

. Olym

pic B

lvd.

SOUTH

PARK

by W

indso

r

301 W

. Olym

pic B

lvd.

RETAIL±12,000 SF

RETAIL±14,500 SF

RETAIL±12,400 SF


Three luxury mixed-use projects within two blocks along Olympic Blvd. consisting of a total of 38,900 SF of ground floor creative restaurant and retail spaces beneath 820 luxury apartments.








RETAIL±14,500 SF







OLYMPIC ST.

PROSPECTIVE DEMISING PLANOLIVE ST.







MULTIFAMILY

FOOD USE

HOTEL

RETAIL

OFFICE/OTHER

KEY:

* See numbered list on following page

5

PICO BLVD.

OLYMPIC BLVD.

OLIVE S

T.

HILL ST.

HOPE

ST.

FLOW

ER S

T.

FIGU

EROA

ST. GRAND AVE.

9TH ST.

8TH ST.

MAIN

ST.

BROADW

AY

HOPE ST.

FLOW

ER ST.

FLOW

ER ST.

OLIVE S

T.

67

48

9

10

11

12

1314

15

16

17

18

19

20

21

2223

24

1

2

4

3

2

34

5

4

5 82

3

7

6

10

19

11

12

13

5

4

3

1

2


Three luxury mixed-use projects within two blocks along Olympic Blvd. consisting of a total of 38,900 SF of ground floor creative restaurant and retail spaces beneath 820 luxury apartments.

LA LIVE

LA CONVENTIONCENTER

LA CONVENTIONCENTER

STAPLESCENTER

1

2

29

27

26

25

28

30

3132

13







MULTIFAMILY

1. SOUTH PARK BY WINDSOR284 luxury unitsG.B. 2013E.C. 1Q-2015

2. HANOVER OLYMPIC263 luxury unitsG.B. 3Q-2014E.C. 2Q-2016

3. HANOVER GRAND273 luxury unitsG.B. 2Q-2014E.C. 1Q-2016

4. Luxury Lofts250 unitsDeveloped by Barry ShyG.B. 2Q-2015

5. The Blackstone*90 apartment lofts

6. Luxury Apartments700 units, 70K SF retailDeveloped by GH PalmerG.B. 3Q-2014E.C. 2016-2017

7. Luxury Lofts250 unitsDeveloped by Barry ShyE.C. N/A - no timeline revealed

8. Former Glass TowerDeveloped by Trumark Urban151 condominiumsG.B. 1Q-2015E.C. 2-16

9. Planned High-Rise SiteDeveloped by Mac Urban700 unitsG.B. 3Q-2015E.C. 2017

MULTIFAMILY CONTINUED

10. The Packard Lofts*120 luxury lofts

11. Renaissance Tower Apartments*200 units

12. Mixed-Use Apartment Tower303 luxury unitsDeveloped by OnniE.C. 1Q-2015

13. 888 Hope526 apartmentsG.B. 2Q-2014E.C. 4Q-2015

14. 717 Olympic*Luxury apartment tower161 units

15. Planned Mix-Use Apartment TowerUnited Methodist ChurchUnentitled

16. Market Lofts*Mixed-use260 condominium lofts

17. 8th & Hope*290 luxury unitsDeveloped by Wood Partners

18. Grand Lofts*50 condominium lofts

19. Elleven*Mixed-use160 luxury high-rise condos

20. Luma*Mixed-use240 luxury high-rise condos

RETAIL

1. The Well Clothing BoutiqueTrendy apparel and salon

2. Ralph’s Fresh FareSupermarket

3. CrossfitFitness

4. Salon ElevenSalon

5. Urban FitFitness

6. Whole FoodsSupermarket

HOTEL

1. The Ace HotelPlanned 180-room boutique hotel

2. Planned Korzen 4-Star HotelBoutique hotelConversion begins mid-2014

3. Planned 5-Star Boutique HotelDeveloped by Chetrit GroupPperated by King & Grove300 roomsE.C. 2Q 2014

4. Planned 4-Star Boutique HotelConstruction begins mid-2014

OFFICE/OTHER

1. The DesmondLuxury creative officeDeveloped by Lincoln PartnersE.C.2Q-2014

2. Fashion Institute of Design and MerchandisingCollege±2,000 students

3. Standard Oil BuildingCreative office

4. Planned FIDM Campus & Apartments

5. Petroleum TowerCreative office

FOOD USE

1. Unnamed Restaurant/LoungeE.C. 2Q-2014

2. Planned Restaurant Space8,000 SF restaurant

3. The Stocking FrameBar/restaurant

4. Rivera RestaurantLatin restaurant

5. The PalmSurf & turf restaurant

6. Arashi SuchiJapanese restaurant

7. Planned Restaurant Unnamed

8. Il Mare ItalianoItalian restaurant

9. Hygge BakeryBakery

10. Starbucks

11. Choco ChickenPlanned Restaurant

12. Market CaféRestaurant/café

13. BottlerockWine Shop/restaurant

MULTIFAMILY CONTINUED

21. Evo*Mixed-use304 luxury high-rise condos

22. Fig CentralG.B. N/A - undisclosed

23. Met Lofts Mixed-use240 units

24. Luxury Apartments200 unitsDeveloped by LennarG.B. 4Q-2014E.C. 3Q-2016

25. 1200 Fig648 condominiumsIn entitlements

26. 1133 Hope208 apartmentsDeveloped by AmaconG.B. unkownE.C . unkown

27. 1200 Flower730 units Omni GroupIn entitlements

28. G12 640 apartmentsDeveloped by Wolff CompanyG.B. 2Q-2014E.C. 2Q-2016

29. Forest City South Park177 unitsDeveloped by Forest CityG.B. 1Q-2014E.C. 2016

30. Eastern Columbia Lofts140 condominiumsDeveloper KOR

31. WaterMarke Tower 233 unitsDeveloped by WaterMarke Group

32. New Development726 unitsCarmel Partners DevelopmentG.B. 2013E.C. 2Q-2016

Existing Apts & Condos

Under ConstructionApts & Condos

Pipeline(entitled and unentitled)

Apts & Condos

2,115 units 4,092 units 3,885 units

2018 EXPECTED TOTAL: 10,092 units







Source: Downtown Center Business Improvement District, 2014 Annual Report

As Angelenos celebrate the 16th year of the Downtown LA Renaissance, the statistics reflect a booming, 24/7, vibrant Downtown LA. The growth and redevelopment since 1999, when Staples Center opened and the Adaptive Reuse Ordinance passed, has been constant and has spurred a transformation.

The New Downtown Los Angeles

OPEN FOR BUSINESS

700+ New restaurants, bars, retail, nightlife, and amenities 2008-2013

$19.1 billionInvested 1999-2014

DOUBLED

Property Value

$4.8 billion 1999

$11.1 billion 2014

CONTINUED GROWTH

Hotel Rooms

7,961Current Inventory

2,164Under Construction

1,469Pipeline

Residential Units



14,058Pipeline

A VIBRANT COMMUNITY

� $98,700 avg. median household income of residents

� 75% of residents are between the ages of 23-44

� 80% of residents have a college degree or higher

� 500,000 employees

� 10 million annual visitors

� 14.9 million passengers travel through the 7th St./ Figueroa Metro station annually

NEARLY TRIPLED

Residential Units

11,626 1999

33,776 2014

Price of a One Bedroom Condo (PSF)

$168.61 1999

$520.00 2014

Population Growth

18,700 1999

57,797 2014

Investment in Downtown L.A.1999-2014

$19,161,900,000

$1,163,500,000 Arts & Entertainment

$2,604,700,000 Civic & Institutional

$898,800,000 Commercial

$5,729,500,000 Mixed-Use

$7,265,400,000 Residential

$1,500,000,000 Figueroa Corridor/Expo Park

TOTAL

Source: Downtown Center Business Improvement District, 2014 Annual Report

As Angelenos celebrate the 16th year of the Downtown LA Renaissance, the statistics reflect a booming, 24/7, vibrant Downtown LA. The growth and redevelopment since 1999, when Staples Center opened and the Adaptive Reuse Ordinance passed, has been constant and has spurred a transformation.

The New Downtown Los Angeles

OPEN FOR BUSINESS

700+ New restaurants, bars, retail, nightlife, and amenities 2008-2013

$19.1 billionInvested 1999-2014

DOUBLED

Property Value

$4.8 billion 1999

$11.1 billion 2014

CONTINUED GROWTH

Hotel Rooms



1,469Pipeline

Residential Units



14,058Pipeline

A VIBRANT COMMUNITY

� $98,700 avg. median household income of residents

� 75% of residents are between the ages of 23-44

� 80% of residents have a college degree or higher

� 500,000 employees

� 10 million annual visitors

� 14.9 million passengers travel through the 7th St./ Figueroa Metro station annually

NEARLY TRIPLED

Residential Units

11,626 1999

33,776 2014

Price of a One Bedroom Condo (PSF)

$168.61 1999

$520.00 2014

Population Growth

18,700 1999

57,797 2014

Investment in Downtown L.A.1999-2014

$19,161,900,000

$1,163,500,000 Arts & Entertainment

$2,604,700,000 Civic & Institutional

$898,800,000 Commercial

$5,729,500,000 Mixed-Use

$7,265,400,000 Residential

$1,500,000,000 Figueroa Corridor/Expo Park

TOTAL

Restaurant & Retail Spaces for Lease · 2016. 12. 28. · HANOVER GRAND. Olympic Blvd. ARK by...

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