2ND GENERATION RESTAURANT SPACE FOR LEASE · 2019. 11. 27. · 717 Olympic 3. Apex 4. Olympic by Windsor 5. Hanover South Park 6. 2Hanover Grand 7. Packard Lofts 8. Met Lofts 9. Oceanwide

2ND GENERATIONRESTAURANT SPACE FOR LEASE

501 W. Olympic Boulevard, Los Angeles, 90015

Hard-corner of Olympic at Grand Avenue Ground Floor of the 204 unit Renaissance Tower Adjacent to FIDM

LEE SHAPIRO • EVP, Director of [email protected] CalBRE #00961769

JUSTIN WEISS • Vice [email protected] CalBRE #01920886

1% BROKER BONUSto cooperating broker

Conditions LOI executed by December 31, 2019

AVAILABLEAVAILABLE

2nd Generation Restaurant Space For Lease 501 W. OLYMPIC BOULEVARD, LOS ANGELES, 90015

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.

LEE SHAPIRO • EVP, Director of [email protected]

CalBRE #00961769


LOCATION NEIGHBORING TENANTSPROPERTY DESCRIPTIONAvailable: ±2,654 RSF

Rent: $4.65 PSF/Mo., NNN (±$0.75)

PROPERTY HIGHLIGHTS• Premier corner for restaurant use - 2,000 apartments within 2

blocks• High quality restaurant design and interior improvements• Contiguous to FIDM and Grand Hope Park• Beer + wine license currently in place• Over 50’ of linear street frontage• Available Immediately

AREA HIGHLIGHTS• In the heart of the revitalized South Park area of DTLA• Only three blocks from Staples Center

*Prospective tenants are hereby advised that all uses are subject to City approval

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CalBRE #00961769


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CalBRE #00961769


Neighborhood

GRAND HOPE PARK

FIDM CAMPUS AT GRAND HOPE PARK

204 LUXURY APARTMENTS

L.A. LIVE




CalBRE #00961769


Trade AreaDevelopments Amenities1. Watermarke Tower2. 717 Olympic3. Apex4. Olympic by Windsor5. Hanover South Park6. Hanover Grand7. Packard Lofts8. Met Lofts9. Oceanwide Plaza10. Circa11. 1200 Fig12. 1200 Flower13. Onyx14. Ten5015. G1216. Olive DTLA17. The Project at Pico18. Herald Examiner

19. Ralphs20. Whole Foods Market21. FIDM22. L.A. Live23. Staples Center24. L.A. Convention Center25. The Ritz-Carlton/JW Marriott26. Broken Spanish27. The Palm28. Caña Rum Bar29. Starbucks30. Regal LA Live Stadium 1431. Barcito32. Prank Bar33. Starbucks34. Mikkeller DTLA35. Birdies36. SoulCycle

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California Hospital California Hospital Medical CenterMedical Center

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CalBRE #00961769


South Park Developments

UPCOMING MIXED USE SOUTH PARK II PROJECTS

44) 1001 OLIVE APARTMENTS : Lennar (~201 units)

45) FUTURE DEVELOPMENT : Cresecent Heights

46) OLIVE AVE. PROJECT : Mack Urban (~243 units)

47) MACK URBAN MIXED USE: Mack Urban

48) MIXED USE : Forest City (~391 units)49) HERALD EXAMINER : Hearst50) 12th & BROADWAY : Forest City

51) PROPER HOTEL : Kor Group/Alma (~151 keys)52) PICO & OLIVE APARTMENTS : Wolff/Astani (~640 units)53) PICO PROJECT : Mack Urban (~362 units)54) 1340 S. OLIVE : Jade Enterprises (~154 units)55) 14TH AND HILL: Dave Gordan (240 units)

19) LUXE DEVELOPMENT : Hazens (~350 units, 300 keys)

20) LIGHTSTONE HOTEL : (~1,100 keys)

21) 1130 HOPE ST. BOUTIQUE HOTEL (~44 keys) 22) LA CONVENTION CENTER EXPANSION : City

1) OCEANWIDE PLAZA : Oceanwide (~504 units, 189 keys)

2) Circa : Jamison (~564 units)

3) 1400 FIGUEROA APARTMENTS : DHG (~106 units)

4) 1501 S HILL : JADE Enterprises

5) ONYX EAST : JADE Enterprises (~162 units)

6) ONYX APARTMENTS WEST : JADE Enterprises7) 1212 FLOWER ST. APARTMENTS : Onni (~730 units)8) HOPE ST. APtS. : Full Power Properties : (~208 units)

9) Proposed Mixed Use: Shenglong (~650 keys) 10) TEN50 CONDOS : Trumark Urban (~151 units)11) GRAND HIGHRISE : Mack Urban (~512 units)12) 12th & GRAND : Wolff/Astani (~640 units)13) 1201 Grand : Shenglong14) E ON GRAND : 4D Development (~115 units)15) 1233 Grand: Shenglong (~150 units)16) J.W. MARRIOTT EXPANSION : AEG (~755 keys)17) Olympic Tower: Neman (~374 units, 373 keys) 18) APEX II : Holland Partner Group (~341 keys)

UPCOMING MIXED USE SOUTH PARK PROJECTS

23) LOS ANGELES STREETCAR : City/LASI

24) MY FIGUEROA STREETSCAPE PROJECT : City

25) Cambria Hotel; Pacific Property Partners (225 Keys)

26) Mixed Use : (147 units)

27) Future Development: L & R

28) Future Development: Honda Site PROJECTS OUTSIDE OF SOUTH PARK

29) METROPOLIS : Greenland (~1540 units)

30) WILSHIRE GRAND : Korean Air (~900 keys)31) THE BLOC : Ratkovich Company32) 888 SOUTH HOPE : CIM Group (~526 units)33) 744 Figueroa: Mitsui Fudosan (~436 units)34) 801 OLIVE : Carmel Partners (~363 units)35) FREEHAND HOTEL : Sydell Group (~200 keys)36) 820 S OLIVE MIXED USE : Onni (~589 units) 37) ALEXAN S. BROADWAY : Trammel Crow (~305 units) 38) HILL ST. LOFTS : Barry Shy (~239 units)39) BROADWAY PALACE : Palmer (~679 units)40) SOLA VILLAGE : The Reef (~1,449 units)

41) 940 HILL: 940 Hill LLC (~232 units)

42) Hoxton Hotel: Hoxton43) Onni Development: Onni Group

SOUTH PARK AREA DEVELOPMENT MAP

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South Park BIDSouth Park II BIDStreetcar RouteMy Figueroa Route

MAP KEYExisting HousingExisting Hotel

Off Map

PlannedUnder Construction




CalBRE #00961769


Demographics

89%

86%

83%

2018 DOWNTOWN LA SURVEYLIVE 65,000 Residents

$98,900 MEDIAN INCOME

38MEDIAN AGE

59% FEMALE

41% MALE47%

MARRIED/PARTNERED80% COMPLETED 4 YEARS

OF COLLEGE OR HIGHER

72% WANT MORE SUPERMARKETS

54% WANT MORE CLOTHING/APPAREL

WORK 500,000 Weekday Population

VISIT 19 Million Visitors


39MEDIAN AGE

65% FEMALE

35% MALE52%

MARRIED/PARTNERED76% COMPLETED 4 YEARS

OF COLLEGE OR HIGHER

64% WANT MORE SUPERMARKETS

52% WANT MORE CLOTHING/APPAREL

70% FEMALE

30% MALE

65% COMPLETED 4 YEARSOF COLLEGE OR HIGHER


40MEDIAN AGE

44%MARRIED/PARTNERED

62% THINK DOWNTOWN LA ISMOVING IN THE RIGHT DIRECTION

HAVE VISITED GRAND CENTRAL MARKET

HAVE VISITED LA LIVE

HAVE VISITED STAPLES CENTER

68%

54%

36%

REGULARLY VISIT GRAND CENTRAL MARKET

ARE AT TOP, SENIOR, OR PROFESSIONAL STAFF LEVELS

WOULD CONSIDER LIVING IN DTLA IN THE FUTURE

86%

66%

60%

REGULARLY VISIT FIGAT7TH

ARE PASSIONATE ABOUT DTLA

HAVE LIVED IN DTLA FOR LESS THAN 5 YEARS

Documents

2ND GENERATION RESTAURANT SPACE FOR LEASE · 2019. 11. 27. · 717 Olympic 3. Apex 4. Olympic by Windsor 5. Hanover South Park 6. 2Hanover Grand 7. Packard Lofts 8. Met Lofts 9. Oceanwide