DOWNTOWN DURHAM RETAIL SPACE FOR LEASE
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1 DOWNTOWN DURHAM RETAIL SPACE FOR LEASE EXPECTED DELIVERY APRIL 2019 DOWNTOWN DURHAM MIXED-USE PARKING GARAGE 105 W. MORGAN STREET N. MANGUM STREET RIGSBEE AVENUE VIJAY K. SHAH, CCIM (Direct) (Mobile) SARAH WARREN (Direct) (Mobile)
2 PROPERTY HIGHLIGHTS 15,050 SF of street front retail bordering Mangum Street, Morgan Street, and Rigsbee Avenue Parking deck will house 5,324 SF for the City of Durham Parking Administration The mixed-use project will consist of 667 parking spaces atop premiere street front retail Allocated retail parking will be available for hourly or monthly rates Flexible floor plans that can be demised Significant outdoor seating opportunities available The building s exterior will feature artwork from local artists selected by the community Grade change allows for ceiling heights with the ability to accommodate a mezzanine level in select spaces Shared grease trap on-site AREA HIGHLIGHTS Located in the heart of Downtown Durham Walking distance to the hottest attractions including the Durham Bulls Athletic Park, the award winning Durham Performing Arts Center, which hosts over 200 live performances per year, and numerous well-established local restaurants and bars Easy access to US , NC 147 (Durham Freeway), the Downtown Durham Loop, and only 15 minutes from the Raleigh-Durham Airport, Research Triangle Park, and Chapel Hill Strategically located between two of Downtown Durham s most vibrant districts - City Center and Central Park Walk Score: 92 - Walker s Paradise ( LEASE RATE: $25.00/SF NN: $3.00/SF Cold dark shell delivery with $40.00/SF Tenant Improvement Allowance
3 DEMOGRAPHICS DEMOGRAPHICS* 1 MILE 3 MILES 5 MILES Estimated Population (2018) 16, , ,828 Estimated Total Businesses (2018) 1,451 5,670 8,679 Estimated Daytime Population (2018) 28, , ,286 Average Household Income (2018) $50,287 $56,832 $69,257 *Source: Regis Online Sites USA CITY OF DURHAM Consistent with the its strategic plan, it is the policy of the City of Durham to provide equal opportunities for underutilized firms owned by minorities and women doing business in the City s contracting marketplace. The Office of Economic and Workforce Development may provide economic development incentives to eligible projects that support and assist in the creation, retention or expansion of businesses in Durham and broaden employment opportunities for residents throughout the city.
4 DOWNTOWN DURHAM - NORTH VIEW RESTAURANTS & BARS 1 Dashi 2 Rue Cler 3 Fullsteam Brewery 4 The Pit 5 Gonza Tacos y Tequila 6 Mellow Mushroom 7 Moe s Southwest Grill 8 Tobacco Road Sports Cafe HOTELS 9 Aloft Durham Downtown rooms 10 21c Museum Hotel - 91 rooms and ground floor retail 11 Marriott City Center Hotel rooms 12 The Durham Hotel - 53 rooms with ground floor retail 13 Durham Yoga Company ATTRACTIONS RAMSEUR STREET US 70 FOSTER STREET RIGSBEE AVENUE 12 PETTIGREW STREET 13 2 SITE 1 10,000 AADT N. MANGUM STREET W. MORGAN STREET 14 Historic Durham Athletic Park 15 Durham Convention Center 16 Durham Performing Arts Center (DPAC) 17 Durham Bulls Athletic Park 18 American Tobacco Campus 19 American Tobacco Amphitheater 20 American Tobacco Future Campus OFFICE, RESIDENTIAL & MIXED-USE 21 Whetstone Apartments residential units 22 West Village residential units and 104,000 SF office and retail space 23 Durham Innovation District (Durham ID) 24 Liberty Warehouse Apartments residential units with ground floor retail 25 One City Center residential units and over 130,000 SF of office space with ground floor retail Mangum residential units and 240,000 SF of Class A office and ground floor retail 27 The Mark at Durham One residential units BLACKWELL STREET DURHAM FREEWAY 64,000 AADT S. MANGUM STREET 26 ROXBORO STREET 27
5 SITE PLAN S T R E E T PA R K I N G PARKING ENTRANCE S T R E E T PA R K STAIRS ELEVATOR I N G PARKING ENTRANCE S T R E E T PA R K I NG STAIRS STREETPARKING
6 DOWNTOWN DURHAM - SOUTH VIEW FUTURE PHASE II WILLARD STREET PETTIGREW STREET RAMSEUR STREET W. MAIN STREET W. MORGAN STREET CITY HALL PLAZA N. MANGUM STREET E. CHAPEL HILL STREET SITE W. MORGAN STREET RIGSBEE AVENUE FOSTER STREET
7 DOWNTOWN DURHAM BY THE NUMBERS 100+ RETAIL STORES 60+ STARTUPS 300+ DOWNTOWN EMPLOYEES 2,500 18,500 NEW RESIDENTS 3 DOWNTOWN INVESTMENT SINCE 2000 $1.7 BILLION 95% OFFICE OCC. RATE RESTAURANTS AND BARS DURHAM OFFICE WORKERS EAT OUT AN AVERAGE OF THREE TIMES EACH WEEK
8 DURHAM ACCOLADES #1 BEST CITIES FOR MILLENNIALS IN THE U.S. -Growella # S BEST LARGE CITIES TO START A BUSINESS -WalletHub.Com #1 AMERICA S LEADING CREATIVE CLASS METROS - CityLab.Com #3 CITIES WHERE A PAYCHECK STRETCHES THE FARTHEST -Forbes #1 FOODIEST SMALL TOWN -Bon Appetite #2 AMERICA S FASTEST GROWING METRO AREAS - Forbes.Com #1 MOST EDUCATED CITIES IN NC -Yahoo Finance #4 TOP UP AND COMING TECH HOTSPOTS -Livability.Com #5 BEST PLACES FOR BLACK OWNED BUSINESSES -NerdWallet
9 1001 WADE AVENUE, SUITE 300 RALEIGH, NC VIJAY K. SHAH, CCIM Senior Vice President (Direct) (Mobile) SARAH WARREN Vice President (Direct) (Mobile) The information contained herein was obtained from sources believed reliable; however, makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, changes of price or conditions prior to sale or lease, or withdrawal without notice.
DOWNTOWN DURHAM RETAIL SPACE FOR LEASE
DOWNTOWN DURHAM RETAIL SPACE FOR LEASE EXPECTED DELIVERY JANUARY 2019 DOWNTOWN DURHAM MIXED-USE PARKING GARAGE 105 W. MORGAN STREET N. MANGUM STREET RIGSBEE AVENUE VIJAY K. SHAH, CCIM 919.645.1425 (Direct)
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