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3 DEVELOPMENT PARCELS AND 2 ADAPTIVE-REUSE BUILDINGS IDEAL FOR MIXED USE RESIDENTIAL, HOTEL AND / OR CREATIVE OFFICE DEVELOPMENT IN A PRIME SOUTH PARK NEIGHBORHOOD
LO S A N G E L E S , C A 9 0 0 1 5
Fig Venice@AVAILABLE FOR SALE OR LEASE
In October 2017, the LA Convention Center announced its best year ever, with 74% occupancy, compared to only 56% in 2013 (the last year it was run by the City of LA before turning over operations to AEG).
SHORT WALK TO LA LIVE
ADJACENT TO THE LA CONVENTION CENTER
Prestigious Figueroa StreetAddress in South Park
NEXT DOOR TO ONE OF THE MOST SUCCESSFUL APARTMENT DEVELOPMENTS IN DOWNTOWN (440-Unit Avant Luxury Apartments owned by Essex Property Trust)
1540 S FIGUEROA 49,600 SF BUILDING 24,796 SF LAND
ANCHORED BY A PRIME 55K DEVELOPMENT SITE (Ideal for Mixed-Use Residential And / Or Hospitality Uses)
INCLUDES TWO BOW-TRUSS BUILDINGS THAT COULD BE CONVERTED TO HIGH-END CREATIVE
OFFICE SPACE (Under the City’s Adaptive-Reuse Program)
JUST OVER A BLOCK FROM THE METRORAIL STATION
(Flower & Pico)
1341 S FLOWER 8,134 SF LAND
1367 S FLOWER 15,900 SF BUILDING 16,581 SF LAND
1411 S FLOWER 15,517 SF LAND
1505 S FLOWER 30,989 SF LAND
FIGUEROA STREET
FLOWER STREET
VE
NIC
E B
LVD
1411 S FLOWER STREET 15,517 SF Land
1505 S FLOWER STREET 30,989 SF Land
CA
ME
RO
N L
AN
E
1367 S FLOWER STREET 15,900 SF Building 16,581 SF Land
1341 S FLOWER STREET 8,134 SF Land 1540 S FIGUEROA STREET
49,600 SF Building 24,796 SF Land
LOS ANGELES, CA 90015
Fig Venice@
JOHN EICHLERExecutive Director
213 955 [email protected] License 868881
DAVID HASBROUCKExecutive Managing Director
213 955 [email protected] License 00526375
TYLER STARKSenior Associate
213 955 [email protected] License 01941054
Exclusively Offered By:
MARK CAPASSOExecutive Director / National Hospitality Practice Leader
213 955 [email protected]
1540 S FIGUEROA
PICO / FLOWER METRORAIL
LA CONVENTION CENTER
STAPLES CENTERLA LIVE
OCEANWIDE PLAZA & FIG SOUTH
RESIDENTIAL HOSPITALITY & RETAIL
AVANT APARTMENTS
1212 FLOWER STREET TWIN TOWERS
RESIDENTIAL
1505 S FLOWER
AVANT APARTMENTS
PICO BOULEVARD
VENICE BOULEVARD
FLOW
ER
STRE
ET
FIG
UER
OA
STR
EET
Fig @ Venice is a 96,017 SF portfolio of prime parcels including two buildings with adaptive re-use creative office potential, anchored at the northeast corner of South Figueroa Street and Venice Boulevard, and extending north onto South Flower Street.
In addition to a core South Park location that has proven institutional development appeal (e.g. Essex Property Trust’s acquisition of the Avant Apartments in 2015), Fig @ Venice has a unique multi-purpose component for the phased or simultaneous development of residential, hotel, adaptive-reuse office and/or retail.
The following are among the notable qualities of the Fig @ Venice development offering:
• A “Figueroa” branded South Park location, directly across the street from the expanding and soon-to-be renovated LA Convention Center, and within easy walking distance to LA Live.
• A “Transit Score” of 98/100, and a “Walkable Score” of 92/100.
• Multiple parcels and buildings in a single block provide a unique opportunity to create a mixed-use “ecosystem”.
• Exceptional visibility and access to both 10 and 110 freeways.
Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Exclusively Offered By:JOHN EICHLERExecutive Director
213 955 [email protected] License 868881
DAVID HASBROUCKExecutive Managing Director
213 955 [email protected] License 00526375
TYLER STARKSenior Associate
213 955 [email protected] License 01941054
MARK CAPASSOExecutive Director / National Hospitality Practice Leader
213 955 [email protected]
N
INVESTMENTHIGHLIGHTS
1540 S. Figueroa Street is a two-story, 50k SF concrete and steel building with expansive slab-to-slab ceiling heights and a bow-truss ceiling on the second story. The property has building top signage visible on both the 10 and 110 freeways and street frontage on both South Figueroa Street and Venice Boulevard.
1367 S. Flower Street is a single-story, 16k SF brick warehouse building with a bow-truss ceiling and saw-tooth windows.
1341 S FLOWER
1411 S FLOWER
1367 S FLOWER
