join & coming soon! · 2019. 1. 4. · 2 the joseph w. khouri first vice president....

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JOIN COMING SOON!&

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T H E

JOSEPH W. KHOURIFirst Vice [email protected] 216 658 6120

CBRE, INC. 950 Main Avenue, Suites 200 Cleveland, Ohio 44113 1 216 687 1800

For more information, please contact exclusive broker

G A R F I ELD

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5 About The Garfield

6 The Opportunity

7 Floor Plan

8 Area Amenities & Downtown Cleveland Hot Topics

10 Area Retailers / Restaurants Area Residential / Hotels & Downtown Cleveland Overview

13 Cleveland By The Numbers

14 Downtown Cleveland Restaurant/ Hospitality Overview Map

G A R F I ELD

N U M B E R S O F T H E A V E N U ENorth Michigan Avenue has maintained a sub 4% vacancy rate since 1991.

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A B O U TT H EG A R F I E L D

610 Vincent Avenue offers 2,272 SF of space with an amazing 80+ feet of frontage on East 6th and 30 feet along Vincent Avenue, the ideal retail or office location.

The premises is located on the ground floor of The Garfield, a $30+ Million Dollar apartment conversion with 123 units, the building is 13-stories. The space is located at the southeast corner of East 6th Street and Vincent Avenue just south of the Euclid corridor. Join Cleveland’s hottest restaurant, Marble Room Steaks and Raw Bar and coming soon, downtown Cleveland’s one and only Shake Shack at The Garfield.

In recent years, the area has seen hundreds of millions of dollars in improvements from Public Square to Playhouse Square, including residential apartment conversion projects, luxury hotels, restaurants and the first downtown Cleveland grocery store Heinen’s Grocery Store and retail shopping in the 5th Street Arcade.

Located on the Euclid Avenue, The Garfield offers a unique blend of daily city and tourism-driven traffic. Its proximity to East 4th Street, Public Square and the Gateway District (home of the Cleveland Cavaliers and Cleveland Indians).

Drawing residents, office workers, tourists from all over downtown and nightlife revelers from East 4th Street and the Gateway District, 610 Vincent Avenue offers an ideal location for a retailers looking to position themselves at the center of Cleveland’s renaissance.

A RETAIL/ OFFICE LOCATION ON EAST 6TH STREET AND VINCENT AVENUE

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+ The 2,272 SF space boasts offers 84 feet of frontage along East 6th Street, with 30 feet of frontage on Vincent Avenue.

+ The premises is located on the ground floor of The Garfield, a $30+ Million Dollar apartment conversion with 123 units, the building is 13-stories. The space is located at the southeast corner of East 6th Street and Vincent Avenue just south of the Euclid corridor. Join Cleveland’s hottest restaurant, Marble Room Steaks and Raw Bar and coming soon, downtown Cleveland’s one and only Shake Shack at The Garfield.

+ Corner location at East 6th Street and Vincent Avenue is just north of the epicenter of downtown Cleveland’s renaissance with hundreds of millions in new construction happening now.

+ Beautifully restored historic masonry exterior facade with expansive windows.

+ Deliveries accessible via Vincent Avenue.

T H E O P P O R T U N I T Y

2,272 SF AVAILABLE AT 610 VINCENT AVENUE CLEVELAND, OHIO 44114

THE PREMISES IS LOCATED ON THE GROUND FLOOR OF THE GARFIELD, A $30+ MILLION DOL-LAR APARTMENT CONVERSION WITH 123 UNITS, THE BUILDING IS 13-STORIES. THE SPACE IS LO-CATED AT THE SOUTHEAST COR-NER OF EAST 6TH STREET AND VINCENT AVENUE JUST SOUTH OF THE EUCLID CORRIDOR. JOIN CLEVELAND’S HOTTEST RESTAU-RANT, MARBLE ROOM STEAKS AND RAW BAR AND COMING SOON, DOWNTOWN CLEVELAND'S ONE AND ONLY SHAKE SHACK AT THE GARFIELD.

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E U C L I D A V E N U E

E A S T 6 T H S T R E E T

V I N C E N T A V E N U E

N

R E T A I L / O F F I C E S P A C E A P P R O X . 2 , 2 7 2 S F

T H E G A R F I E L D M A N A G E M E N T O F F I C E

F L O O R P L A N

Area Amenities+ East 4th Street + Progressive Field + The Q + Public Square + The Arcade + 5th Street Arcade

+ Cleveland Convention Center Medical Mart + Playhouse Square + First Energy Stadium + Rock-n-Roll Hall of Fame + Great Lakes Science Center + Northcoast Harbor

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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+ Located at 515 Euclid Avenue, The Beacon is immediately adjacent to The Garfield. + The 29-Story Building will feature 187 new one-bedroom and two-bedroom luxury apartments. + New Construction now pre-leasing for Spring 2019.

+ Potbelly’s and Balance Pan Asian

+ One block east of The Garfield + Newly renovated historic building offering apartment suites & The Schofield Hotel + Full Service Concierge Living with Room Service, Housekeeping and Valet Services + Parker’s Downtown Restaurant On-site

130,000CBD OFFICE EMPLOYEES

OVER 40,000RESIDENTIAL TRADE

AREA POPULATION

95%

RESIDENTIAL OCCUPANCY

88.6%

RETAIL OCCUPANCY

78.4%

HOTEL OCCUPANCY

Downtown Cleveland Overview

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Sources: www.thisiscleveland.com Downtown Cleveland Alliance Cleveland.com

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1 8 H O T E L S

4 , 6 4 7 R O O M S

3 6 M E D I A N A G E

1 0 0 R E S T A U R A N T S & C A F E S

5 0 N E W R E T A I L E R S 2 0 1 5 & 2 0 1 6

1 . 6 M S F O F R E T A I L S P A C E

4 8 O F F I C E B U I L D I N G S

1 6 . 2 M S F O F F I C E S P A C E

3 , 3 3 5 B U S I N E S S 1 M

1 8 , 0 0 0 R E S I D E N T S B Y 2 0 1 8

8 2 , 7 7 2 D A Y T I M E P O P U L A T I O N 1 M

1 8 M A N N U A L V I S I T O R S

$ 8 . 1 B T O U R I S M E C O N O M I C I M P A C T

C L E V E L A N D B Y T H E N U M B E R SD E M O G R A P H I C S & S T A T S

THE RENAISSANCE OF EUCLID AVENUE HAS SEEN INVESTMENTS INTO THE TEN’S OF BILLIONS OF DOLLARS SINCE 2008.

.17mi0 mi

ProposedPedestrian

Bridge

nuCLEusDevelopment

TheBeacon

Proposed Lakefront Development

Weston-Citymark

Superblock

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

Last Updated: December 19, 2018

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

East 4th

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 Center 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

STARBUCKS

Opening Soon:

STARBUCKS

Porcelli’s Bistro

PUBLIC SQUARE

NORTH

.17mi0 mi

ProposedPedestrian

Bridge

nuCLEusDevelopment

TheBeacon

Proposed Lakefront Development

Weston-Citymark

Superblock

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

Last Updated: December 19, 2018

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

East 4th

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 Center 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

STARBUCKS

Opening Soon:

STARBUCKS

Porcelli’s Bistro

PUBLIC SQUARE

NORTH

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the proper-ty and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Licensed Real Estate Broker. Source: Downtown Cleveland Alliance, 2018.

DOWNTOWN CLEVELAND | RECENT & PLANNED DEVELOPMENTSRECENTLY 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

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CBRE © 2018 All Rights Reserved. All information included in this letter/proposal pertaining to CBRE, Inc. including but not limited to its operations, employees, technology and clients is proprietary and confidential and supplied with the understanding that such information will be held in confidence and not disclosed to any third party without CBRE’s prior written consent. This letter/proposal is intended solely as a preliminary expression of general intentions, is for discussion purposes only, and does not create any agreement or obligation by CBRE to negotiate or continue negotiations. CBRE shall have no contractual obligation with respect to the matters referred to herein unless and until a definitive, fully-executed agreement has been delivered by the parties. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties and/or (3) unilaterally terminate all negotiations with the other party hereto. Licensed Real Estate Broker.




2,272 SF OF AVAILABLE RETAIL SPACE

join & coming soon! · 2019. 1. 4. · 2 the joseph w. khouri first vice president....

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