FOR LEASE 2nd Generation Restaurant Space
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- Cynthia Cain
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1 FOR LEASE 2nd Generation Restaurant Space FORMER HOUSE OF MACAU 1600 VINE ST, HOLLYWOOD, CA NEIGHBORING TENANTS PROPERTY DESCRIPTION Size: Rent: Patios: Parking: HIGHLIGHTS ±5,219 SF on 2 Floors Ground Floor: ±4,251 SF Mezzanine: ±968 SF $395 PSF/Month, NNN (±$070PSF/Mo) Exclusive front entry patio and very large 2nd floor patio for dining 1 Hour free parking for visitors, Valet at W Hotel Prime mixed-use development with ±28,000 SF commercial space and beneath 375 luxury condominiums Excellent location next to the W Hotel at the epicenter of Hollywood Fixtured second generation resturaunt space Outdoor balcony (±1,983 SF - not included in rent charge) Adjacent to the Metro Red Line Hollywood/Vine station Co-tenants include Trader Joe s and Wells Fargo LOCATION HOLLYWOOD 1600 Vine St VINE ST HOLLYWOOD BLVD SUNSET BLVD Fountain Ave Prospective tenants are hereby advised that all uses are subject to City approval lshapiro@kennedywilsoncom Kennedy Wilson Properties, Ltd (Responsible Broker, CalBRE # ) 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
2 2nd Generation Restaurant Space for Lease Site Plan 5,219 SF AVAILABLE Available Space Patio Space N
3 2nd Generation Restaurant Space for Lease Interior - Former House of Macau Interior of the former House of Macau with high ceilings and mezzanine level; balcony overlooks W Hotel valet area
4 2nd Generation Restaurant Space for Lease Trade Area - Hollywood Submarket The Hollywood district of Los Angeles is one of the most popular tourist destinations in California With roots in the entertainment industry, attractions like the TCL Chinese Theatre, Hollywood & Highland, El Capitan Theatre, and the historic Roosevelt Hotel, and billions of dollars in investment over the last decade, Hollywood has become a thriving submarket within Greater Los Angeles Over the years urban real estate investment firms have renovated the area and created an attractive retail market, not just a tourist destination, with a current inventory of 87 million square feet of commercial retail space Sunset Vine Tower Sunset Gower Studios Hollywood Palladium Columbia Square W Hollywood Residences & Hotel Sunset+Vine The Camden AV E Future Site of Palladium Tower by Hanover Arclight Hollywood Broadway Hollywood Eastown Apartments Phase II EL CE N TR O Fonda Theatre Eastown Apartments LE AV E Pantages Theatre Avalon Future Site of Millennium Hollywood by Millennium Argent RA VE NE Future Site of Yucca at Argyle Apartments by Second Ventures VI Future Site of Hotel Argyle by Kimpton I VA AR ST GY Redbury Hotel Capital Records Building
5 2nd Generation Restaurant Space for Lease Hollywood Submarket iles 383,864 3M iles 186,869 M 2 ile 62,960 1M POPULATION 2017 ESTIMATED TOTAL iles 3M iles 2M ile M 1 159,279 83,263 36,870 EMPLOYEES 2017 ESTIMATED TOTAL iles $ 84,669 3M iles $ 77,188 M 2 ile $ 64,126 1M INCOME HOUSEHOLD AVERAGE
6 2nd Generation Restaurant Space for Lease POPULATION 1 Mile 2 Miles 3 Miles 2017 Estimated Population 62, , , Projected Population 65, , , Census Population 54, , , Census Population 58, , ,602 Projected Annual Growth 2017 to % 08% 08% Historical Annual Growth 2000 to % 01% 01% 2017 Median Age HOUSEHOLDS 2017 Estimated Households 31,790 89, , Projected Households 33,490 93, , Census Households 27,116 80, , Census Households 27,194 81, ,888 Projected Annual Growth 2017 to % 10% 10% Historical Annual Growth 2000 to % 06% 05% RACE & ETHNICITY 2017 Estimated White 607% 604% 549% 2017 Estimated Black or African American 66% 49% 48% 2017 Estimated Asian or Pacific Islander 91% 128% 196% 2017 Estimated American Indian or Native Alaskan 06% 06% 05% 2017 Estimated Other Races 230% 213% 201% 2017 Estimated Hispanic 387% 353% 335% INCOME 2017 Estimated Average Household Income $64,126 $77,188 $84, Estimated Median Household Income $50,090 $57,478 $61, Estimated Per Capita Income $32,790 $37,098 $40,036 EDUCATION 2017 Estimated Elementary (Grade Level 0 to 8) 89% 96% 92% 2017 Estimated Some High School (Grade Level 9 to 11) 73% 67% 62% 2017 Estimated High School Graduate 155% 161% 159% 2017 Estimated Some College 188% 179% 169% 2017 Estimated Associates Degree Only 59% 62% 59% 2017 Estimated Bachelors Degree Only 320% 309% 323% 2017 Estimated Graduate Degree 116% 126% 136% BUSINESS Area Demographics 2017 Estimated Total Businesses 3,551 8,970 18, Estimated Total Employees 36,870 83, , Estimated Employee Population per Business Estimated Residential Population per Business
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