NORTH - LoopNet · 1/8/2019 · Downtown Cleveland Hot Topics Largest Employers + Fortune 500...
Transcript of NORTH - LoopNet · 1/8/2019 · Downtown Cleveland Hot Topics Largest Employers + Fortune 500...
NOW LEASING
FIRST FLOOR STREET FRONT RETAIL STOREFRONTS
1,200 SF END CUP AND 3,000 SF END CAP)
PUBLIC SQUARENORTH
JOSEPH W. KHOURIFirst Vice [email protected] 216 658 6120
CBRE, INC. 950 Main Avenue, Suites 200 Cleveland, Ohio 44113 1 216 687 1800
Contact Exclusive Agent:
RETAIL AT PUBLIC SQUARE NORTH Public Square North (formerly 75 Public Square, the office building) is undergoing a $40 million renovation with 119 apartments above street-level retail. + First Floor Street Front Retail Storefronts+ Space Available: 1,200 SF End Cap and 3,000 SF End Cap + Apartment Delivery: Late 2019 or Early 2020
LOCATION LOCATION LOCATION:+ Steps away from Key Tower, Key Tower, Marriott at Key Tower anchored by the crown jewel of
Cleveland’s skyline, Key Tower, with 57 stories, housing nearly 3,200 employees. Notable employers include KeyBank Corp, Squire Patton Boggs, Forest City, Thompson Hine LLP, Baker Hostetler, Deloitte LLP, The Millennia Companies, and many more.
+ The property is located at the foot of Downtown Cleveland’s living room, 10 Acre Public Square, which just completed a $50 million renovation and has brought new life to the old square and its quadrants. The new Public Square is a singular public park with a modern-day design that focuses on people and experience. The park was redesigned by James Corner Field Operations, the firm best known as the landscape designers who did much of the heavy lifting for NYC’s superb High Line Park.
+ Tenants at Public Square North will have access to facilities at Key Tower, including the new fitness center Vedas Fitness, and parking. PSN is part of a Public Square district that includes Key Center, the office-and- hotel complex owned by Millennia.
+ Across the square, at Terminal Tower (the 2nd tallest building downtown),the owner K&D Group is converting a portion of the office building to 300 apartments. Also, Bedrock is working on delivering a $140 million mixed use project in the former May Company building at Public Square with 308 residential units for a 2020 delivery. Also, this property is adjacent to downtown’s second largest office building, 200 Public Square, was recently purchased by investors and is slated for updates.
75 PUBLIC SQUARE CLEVELAND, OH 44115
T H E O P P O R T U N I T Y
CONCEPTUAL RESTAURANT/FOOD USER
CURRENT FIRST FLOOR
F L O O R P L A N S
RETAIL/ RESTAURANT 1,226 SF
RETAIL/ RESTAURANT 3,203 SF
Area Amenities+ Playhouse Square+ East 4th Street + Progressive Field + The Q+ Public Square + The Arcade
+ 5th Street Arcade+ Cleveland Convention Center Medical Mart + First Energy Stadium + Rock-n-Roll Hall of Fame + Great Lakes Science Center + Northcoast Harbor
4
Downtown Cleveland Hot Topics
Largest Employers
+ Fortune 500 Companies: KeyCorp, Sherwin-Williams Co., & Parker Hannifin Corp.
+ PNC announced they will move 500 jobs to Cleveland
+ Class A Buildings: Key Tower, 200 Public Square, Fifth Third Center
+ IBM moving over 200 employees into Downtown’s NineTwelve District
+ The $566 million lnnerbelt Project, the largest single construction project in the history of the Ohio Department of Transportation opening to traffic both directions+ Northcoast Harbor
+ The completion of Playhouse Square’s spectacular restoration of the historic Ohio Theatre Lobby
+ Campus District’s completion of renovations to E. 22nd Street, one of the key connections identified in DCA’s
+ The Downtown Cleveland is packed of events for sports, arts and culture throughout the coming year, including the 2019 Major League All-Star Game, Tall Ships Festival, SPARX City Hop, Flats Festival of the Arts, and FRONT International public art exhibition. Cleveland was also awarded the 2022 NBA All-Star Game, upon the completion of the $185M dollar Quicken Loans Arena renovations.
Area Retailers / Restaurants
Area Residential / Hotels
130,000CBD OFFICEEMPLOYEES
OVER 41,000RESIDENTIAL TRADE
AREA POPULATION
95% 88.6% 78.4%
RESIDENTIAL OCCUPANCY RETAIL OCCUPANCY HOTEL OCCUPANCY
Downtown Cleveland Overview
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Sources: www.thisiscleveland.com Downtown Cleveland Alliance Cleveland.com
PUBLIC SQUARE NORTH
PUBLIC SQUARE NORTH IS AT THE HEART OF IT ALL, AT THE FRONT DOOR TO DOWNTOWN CLEVELAND’S CORE AND GATHERING PLACE, PUBLIC SQUARE
C L E V E L A N DB Y T H EN U M B E R S
16 HOTELS
16.2M SF OFFICE SPACE
3 PRO SPORTS ARENA
500,000 ANNUAL VISITORS TO ROCK N’ ROLL HALL OF FAME
36 MEDIAN AGE
18M ANNUAL VISITORS
80+ HOME GAMES PROGRESSIVE FIELD
400 EVENTS NEXT 7 YEARS CLEVELAND CONVENTION CENTER
4,600 ROOMS
23,000 RESIDENTS BY END OF 2020
200 EVENTS QUICKEN LOANS ARENA
1M+ VISITORS TO PLAYHOUSE SQUARE
200 RESTAURANTS & CAFES
$8.1B TOURISM ECONOMIC IMPACT
13M ANNUAL VISITORS TO JACK CASINO
$6B IN INVESTMENT (2008 - 2015)
.17mi0 mi
ProposedPedestrian
Bridge
nuCLEusDevelopment
TheBeacon
Proposed Lakefront Development
Cleveland Convention
Center
Key Tower
200 Public Square
Fifth Third Center
EY Tower
Cleveland One CenterW
3rd
St
To I-90
Lake Erie
E 9th
St
E 18
th S
t
E 17
th S
t
E 18
th S
t
E 24th St
E 21
st S
t
E 12
th S
tE
12th S
t
E 13
th S
t
W 9
th S
t
W 6
th S
t
Center St
W 10
th St
Cuyahoga River
Cuyah
oga R
iver
E 9th St
E 14
th S
t
East 4th St
Huron RdE
6th S
T
Superior Ave
Chester Ave
Superior AveW Superior Ave
W Superior Ave
Cart
er R
d
Carter Rd
Scranton Rd
St Clair AveW St Clair Ave
W Huron Rd
Lakeside AveLakeside Ave
Hamilton Ave
Chester Ave
Payne Ave
Euclid Ave
Euclid AveHuron Rd
Prospect Ave
Prospect Ave
Carnegie Ave
Bolivar Rd
Carnegie Ave
Colu
mbu
s Rd
Ontario St
On
tari
o St
2
2
322
20
6
PROGRESSIVEFIELD
WolsteinCenter
QUICKEN LOANS ARENA
FIRST ENERGYSTADIUM
Greater ClevelandAquarium
JacobsPavilion
Galleria at Erieview
Port of Cleveland
Burke Lakefront Airport
CountyCourthouse
Global Center for
HealthInnovation
ClevelandPublicLibrary
TheArcade
ColonialMarketplace
ClevelandPublic
Auditorium
ClevelandCity Hall
Warehouse District
Flats East Bank
Flats West Bank
GatewayDistrict
PlayhouseSquare
CampusDistrict
Public Square
North Coast Harbor
To I-90/I-71/I-77
To I-90
To I-90
Lake Erie
ConnorPalace
2,800 seats
HannaTheatre550 seats
OutcaltTheatre334 seats
StateTheatre
3,200 seats
OhioTheatre
1,000 seats
AllenTheatre500 seats
HelenTheatre150 seatsWestfield
InsuranceTheatre300 seats
Cuyahoga River
Voinovich Bicentennial Park
RESIDENTIAL
Kennedy'sTheatre100 seats
INTERSTATE
90
CLEVELAND STATE UNIVERSITY17,730 Students
OHIO CITY
OHIO CITY
130,000 office workers in CBD
Fortune 500 Companies: KeyCorp, Sherwin-Williams Co., & Parker Hannifin Corp.
Class A Buildings: Key Tower, 200 Public Square, Fifth Third Center
Downtown residential population is projected to reach nearly 18,000 by the end of 2017 and 23,000 by the
end of 2020
Apartment occupancy is approximately 95%
16 hotels and over 4,000 rooms
Over 200 restaurants and cafes, 3 pro sports arenas and entertainment attractions
Quicken Loans Arena: 200 events
Progressive Field: 80+ Home Games
13M annual visitors to Jack Casino
500,000 annual visitors to Rock n' Roll Hall of Fame
1M+ visitors to Playhouse Square
Residential trade area population is over 41,000
Cleveland Convention Center: 400 events projected for next 7 years.
$6B in investment (2008 - 2015)
79% population increase (2000-2015)
"Top Places in World Travel in 2015"Travel + Leisure, NY Times, LA Times, Buzzfeed &
Forbes Above information from the Downtown Cleveland Alliance
Tower City
Center
FederalCourthouse
STARBUCKS
Porcelli’s Bistro
Opening Soon:
STARBUCKS
Last Updated: January 8, 2019
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Licensed Real Estate Broker
DOWNTOWN CLEVELAND
RESTAURANT &HOSPITALITY OVERVIEW
Opening Soon:
STARBUCKS
Ginza Sushi House
Warehouse District
STARBUCKS
Theatre District
Flats East Bank
Public Square
Major Sports Teams
HotelNumber of Rooms
Aloft 150Comfort Inn 145DoubleTree 379Drury Plaza 189Hampton Inn 194Hilton 600Hilton Garden Inn 240Holiday Inn Express & Suites 141Hyatt Regency 293Kimpton Schofield 122Marriott at Key Tower 175Metropolitan at the 9 156Radisson at Gateway 142Renaissance 491Residence Inn 175Ritz-Carlton 205The Westin 484University Hotel 161Wyndham at Playhouse Square 205Total Hotel RoomsDowntown Cleveland 4,647
Ginza Sushi House
Euclid Avenue | East 4th
COMING SOON:
PUBLIC SQUARE
NORTH
.17mi0 mi
ProposedPedestrian
Bridge
nuCLEusDevelopment
TheBeacon
Proposed Lakefront Development
Cleveland Convention
Center
Key Tower
200 Public Square
Fifth Third Center
EY Tower
Cleveland One CenterW
3rd
St
To I-90
Lake Erie
E 9th
St
E 18
th S
t
E 17
th S
t
E 18
th S
t
E 24th St
E 21
st S
t
E 12
th S
tE
12th S
t
E 13
th S
t
W 9
th S
t
W 6
th S
t
Center St
W 10
th St
Cuyahoga River
Cuyah
oga R
iver
E 9th St
E 14
th S
t
East 4th St
Huron Rd
E 6th
ST
Superior Ave
Chester Ave
Superior AveW Superior Ave
W Superior Ave
Cart
er R
d
Carter Rd
Scranton Rd
St Clair AveW St Clair Ave
W Huron Rd
Lakeside AveLakeside Ave
Hamilton Ave
Chester Ave
Payne Ave
Euclid Ave
Euclid AveHuron Rd
Prospect Ave
Prospect Ave
Carnegie Ave
Bolivar Rd
Carnegie Ave
Colu
mbu
s Rd
Ontario St
On
tari
o St
2
2
322
20
6
PROGRESSIVEFIELD
WolsteinCenter
QUICKEN LOANS ARENA
FIRST ENERGYSTADIUM
Greater ClevelandAquarium
JacobsPavilion
Galleria at Erieview
Port of Cleveland
Burke Lakefront Airport
CountyCourthouse
Global Center for
HealthInnovation
ClevelandPublicLibrary
TheArcade
ColonialMarketplace
ClevelandPublic
Auditorium
ClevelandCity Hall
Warehouse District
Flats East Bank
Flats West Bank
GatewayDistrict
PlayhouseSquare
CampusDistrict
Public Square
North Coast Harbor
To I-90/I-71/I-77
To I-90
To I-90
Lake Erie
ConnorPalace
2,800 seats
HannaTheatre550 seats
OutcaltTheatre334 seats
StateTheatre
3,200 seats
OhioTheatre
1,000 seats
AllenTheatre500 seats
HelenTheatre150 seatsWestfield
InsuranceTheatre300 seats
Cuyahoga River
Voinovich Bicentennial Park
RESIDENTIAL
Kennedy'sTheatre100 seats
INTERSTATE
90
CLEVELAND STATE UNIVERSITY17,730 Students
OHIO CITY
OHIO CITY
130,000 office workers in CBD
Fortune 500 Companies: KeyCorp, Sherwin-Williams Co., & Parker Hannifin Corp.
Class A Buildings: Key Tower, 200 Public Square, Fifth Third Center
Downtown residential population is projected to reach nearly 18,000 by the end of 2017 and 23,000 by the
end of 2020
Apartment occupancy is approximately 95%
16 hotels and over 4,000 rooms
Over 200 restaurants and cafes, 3 pro sports arenas and entertainment attractions
Quicken Loans Arena: 200 events
Progressive Field: 80+ Home Games
13M annual visitors to Jack Casino
500,000 annual visitors to Rock n' Roll Hall of Fame
1M+ visitors to Playhouse Square
Residential trade area population is over 41,000
Cleveland Convention Center: 400 events projected for next 7 years.
$6B in investment (2008 - 2015)
79% population increase (2000-2015)
"Top Places in World Travel in 2015"Travel + Leisure, NY Times, LA Times, Buzzfeed &
Forbes Above information from the Downtown Cleveland Alliance
Tower City
Center
FederalCourthouse
STARBUCKS
Porcelli’s Bistro
Opening Soon:
STARBUCKS
Last Updated: January 8, 2019
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Licensed Real Estate Broker
DOWNTOWN CLEVELAND
RESTAURANT &HOSPITALITY OVERVIEW
Opening Soon:
STARBUCKS
Ginza Sushi House
Warehouse District
STARBUCKS
Theatre District
Flats East Bank
Public Square
Major Sports Teams
HotelNumber of Rooms
Aloft 150Comfort Inn 145DoubleTree 379Drury Plaza 189Hampton Inn 194Hilton 600Hilton Garden Inn 240Holiday Inn Express & Suites 141Hyatt Regency 293Kimpton Schofield 122Marriott at Key Tower 175Metropolitan at the 9 156Radisson at Gateway 142Renaissance 491Residence Inn 175Ritz-Carlton 205The Westin 484University Hotel 161Wyndham at Playhouse Square 205Total Hotel RoomsDowntown Cleveland 4,647
Ginza Sushi House
Euclid Avenue | East 4th
COMING SOON:
PUBLIC SQUARE
NORTH
98 WALK SCOREWALKER’S PARADISEDAILY ERRANDS DO NOTREQUIRE A CAR.
86 TRANSIT SCOREEXCELLENT TRANSITTRANSIT IS CONVENIENTFOR MOST TRIPS.
56 BIKE SCOREBIKEABLEFLAT AS A PANCAKE,MINIMAL BIKE LANES.
ACCESSIBILITY MATTERS
DOWNTOWN CLEVELAND | RECENT & PLANNED DEVELOPMENTS | AERIAL IMAGERECENTLY COMPLETEDUNDER CONSTRUCTIONUNDERGOING RENOVATION
PLANNED
E.9th ST.
ONTARIO ST.
W. 3
rd St.
W. 6
th St.
WORTHINGTON YARDS
98 Units
W. St. Clair St.
STANDARD BUILDING281 Units + Retail
W HURON RD.
PROSPECT AVE.
HARBOR VERANDAS
16 Luxary Condos + Retai
E. 9th St.
PROSPECT AVE.
RESIDENCES AT HALLE
122 Units + Retail + Office
CLEVELAND ATHLETIC CLUB164 Units + Retail + Office
THE BEACON187 Units + Retail
nuCLEusResidential: 22 Stories, 400 Units
Retail: 100,000 SFOffice: 300,000 SF
2019-2024
THE CENTENNIALResidential: 580 UnitsOffice: Apx 350,000 SF
RESIDENCES AT TERMINAL TOWER
303 Units
THUNDERBIRD13+ Acre Riverfront DevelopmentGreat Lakes Brewery Coming Soon
E.14th St.
THE LUMEN318 Units + Retail
MAY COMPANY308 Units + Retail
W. 9th LOFTS12 Units
FLATS East Bank(Phase 3)
309 Units + Retail + Co-Working Space +Cinema
THE FLATSEast Bank
WAREHOUSE DISTRICT GATEWAY DISTRICT
PUBLIC SQUARE NORTH
119 Units + Retail
Convention Center
Superior Ave.
W. 9
th St.
HILLIARD BUILDING19 Units + Retail
TOWER AT ERIEVIEW
220 Luxary Apartments
$185 M 2-Year RenovationUnder Construction
ACTIVE & PROPOSED BUSINESS ATTRACTION• 3 National Headquarters relocationed from Suburbs to Downtown• 3 Headquarters are considering relocating, totaling 640 jobs.• Blockland Tech Campus
2019:• CONCACAF Gold Cup• GCSC USA Triathlon National Championship• MLB All-Star Games
• NCAA Men’s Basketball First & Second Round• NFL Draft (Contender)
2020:
• NCAA Woman’s Final Four2024:
• NBA All-Star Games2022:
THE GARFIELD125 Units + Retail
THE STATLER 295 Units + Retail
• Residential: Over 3,000 New Units• Office: 400-700 K SF, accomodating 2,300-4,000 employees • Parking: Additional 2,924 Spaces
Projected by 2022:
RESERVE SQUARE
980 Units + Retail + Office
THE LEADER220 Units + Retail + Office
APPROVED FOR FUTURE DEVELOPMENT
DOWNTOWN CLEVELAND | RECENT & PLANNED DEVELOPMENTS | AERIAL IMAGERECENTLY COMPLETEDUNDER CONSTRUCTIONUNDERGOING RENOVATION
PLANNED
E.9th ST.
ONTARIO ST.
W. 3
rd St.
W. 6
th St.
WORTHINGTON YARDS
98 Units
W. St. Clair St.
STANDARD BUILDING281 Units + Retail
W HURON RD.
PROSPECT AVE.
HARBOR VERANDAS
16 Luxary Condos + Retai
E. 9th St.
PROSPECT AVE.
RESIDENCES AT HALLE
122 Units + Retail + Office
CLEVELAND ATHLETIC CLUB164 Units + Retail + Office
THE BEACON187 Units + Retail
nuCLEusResidential: 22 Stories, 400 Units
Retail: 100,000 SFOffice: 300,000 SF
2019-2024
THE CENTENNIALResidential: 580 UnitsOffice: Apx 350,000 SF
RESIDENCES AT TERMINAL TOWER
303 Units
THUNDERBIRD13+ Acre Riverfront DevelopmentGreat Lakes Brewery Coming Soon
E.14th St.
THE LUMEN318 Units + Retail
MAY COMPANY308 Units + Retail
W. 9th LOFTS12 Units
FLATS East Bank(Phase 3)
309 Units + Retail + Co-Working Space +Cinema
THE FLATSEast Bank
WAREHOUSE DISTRICT GATEWAY DISTRICT
PUBLIC SQUARE NORTH
119 Units + Retail
Convention Center
Superior Ave.
W. 9
th St.
HILLIARD BUILDING19 Units + Retail
TOWER AT ERIEVIEW
220 Luxary Apartments
$185 M 2-Year RenovationUnder Construction
ACTIVE & PROPOSED BUSINESS ATTRACTION• 3 National Headquarters relocationed from Suburbs to Downtown• 3 Headquarters are considering relocating, totaling 640 jobs.• Blockland Tech Campus
2019:• CONCACAF Gold Cup• GCSC USA Triathlon National Championship• MLB All-Star Games
• NCAA Men’s Basketball First & Second Round• NFL Draft (Contender)
2020:
• NCAA Woman’s Final Four2024:
• NBA All-Star Games2022:
THE GARFIELD125 Units + Retail
THE STATLER 295 Units + Retail
• Residential: Over 3,000 New Units• Office: 400-700 K SF, accomodating 2,300-4,000 employees • Parking: Additional 2,924 Spaces
Projected by 2022:
RESERVE SQUARE
980 Units + Retail + Office
THE LEADER220 Units + Retail + Office
APPROVED FOR FUTURE DEVELOPMENT
PUBLICSQUARENORTH
PUBLIC SQUARENORTH
PUBLICSQUARENORTH
PUBLIC SQUARENORTH
JOSEPH W. KHOURIFirst Vice [email protected] 216 658 6120
Contact Exclusive Agent:
© 2019 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_ January2019.
JOSEPH W. KHOURIFirst Vice [email protected] 216 658 6120
CBRE, INC. 950 Main Avenue, Suites 200 Cleveland, Ohio 44113 1 216 687 1800
Contact Exclusive Agent:
FIRST FLOOR STREET FRONT RETAIL STOREFRONTS
1,200 SF END CAP AND 3,000 SF END CAP
PUBLIC SQUARENORTH