Historical Information Market Location

Transcription

1 ANDRES PROPERTIES

2 Historical Information Market Location Lower Greenville is a neighborhood in east Dallas, west of Lakewood. Specifically, the neighborhood is the area adjacent to Greenville nue south of Mockingbird Lane and north of Belmont nue. The area south of Belmont nue is often, and more specifically, called Lowest Greenville. In the early 20th Century, Greenville nue was the important road in Dallas, serving the new residential areas in East Dallas and played the part that the North Central Expressway (US 75) plays today. Before the construction of the North Central Expressway in the 1950s, Greenville nue was the main route from Northern Dallas into downtown. The Lower Greenville area was developed as the most important center in Dallas for shopping and restaurants, the area comprising Lowest Greenville. Today Lower Greenville and Lowest Greenville are major entertainment districts in Dallas south of Mockingbird Lane containing many popular watering holes, restaurants, boutique stores and live music venues. With support of all six neighborhood associations, property owners, and area restauranteurs and retailers the Dallas City Council unanimously approved the implementation of a Planned Development (PD) for the New Lowest Greenville district. As part of the PD, the City of Dallas has funded and approved a $1.6MM streetscape plan that includes pedestrian-friendly sidewalks, narrower streets, antique street lamps, indigenous trees, enhanced crosswalks and bike racks to be completed early Get to Know the Neighborhood Again and more information can by accessed at

3 Demographics Easily accessible in the Dallas Metroplex Located between Lakewood, M Streets, Henderson nue, Uptown and Park Cities 88,078 people witin 5 minute drive time with rage Household Incomes of $78, ,160 people with 10 minute drive time with rage Household Incomes of $86, ,787 people within a 3 mile ring with rage Household Income of $90,834 Immediate trade area has over 41,000 people with rage Household Incomes of $94,151 Immediate and secondary trade areas combine for almost 90,000 people and over $100,000 in Household Incomes

4 Area Neighborhoods Surrounding neighborhood made up primarily of owner occupied single-housing family, yet also includes multi-family and townhouse developments Neighborhood mixture of late 20 s to mid 30 s of young professionals and young families Lakewood neighborhood just to east has incomes starting around $150,000 up to over $1 million Easily accessible to neighborhoods to west of U.S. 75 including Highland Park and University Park with incomes averaging at $250,000

5 Connectivity Belmont nue is a direct connection to Lakewood, Lakewood Heights and Henderson neighborhoods Several Points and access to affluent M Streets neighborhood Lowest Greenville easily accessed from downtown via Ross nue Lowest Greenville has multiple points of connection to the Henderson retail restaurant corridor. Henderson. did $21,269, in total alcohol sales for 2010, translating to approximately $70,000, in total restaurant sales.* *Please note data gathered from TABC and total restaurant sales assumes alcohol sales average of 30% of total revenues.

6 Lowest Greenville Today

7 Immediate Opportunities 2010A Greenville - 2,500 sf restaurant 2,500 sf roof top deck 300 sf patio Richmond Richmond 2010B Greenville - 2,600 sf restaurant ell Bell B 5,000 sf roof top deck 300 sf patio 2010A Greenville Size: 2,500 sf * 2,500 sfpr rooftop deck pect osp St ears St Sears S 2010C Greenville - 2,400 sf restaurant 1930 Greenville - 2,750 sf restaurant 2,500 sf roof top deck 300sf patio 3,550 sf restaurant 2,400 sf roof top deck 735 sf patio 3,050 sf preferrably retail use 540 sf patio 1520 Greenville - 6,390 sf restaurant 767 sf mezzanine 1,000 sf Patio * Please note some spaces may be combined as well as converted to retail use 1930 GreenvilleLe wis St Size: 3,550 sf * 2,400 sf patio He nd e 1924 Greenville Size: 3,050 sf Hu St ve 8,035 sf restaurant 910 sf mezzanine 1,200 sf Patio Lewis St N 1516 Greenville B Greenville Size: 2,600 sf * 5,000 sf rooftop deck La Vista Dr 2008 Greenville Size: 2,750 sf * 2,500 sf rooftop deck Greenvillle 1924 Greenville - lta Alta A Summit Oram St reenville Av Greenville G 2010C Greenville Size: 2,400 sf M 2008 Greenville sf patio Ro ss Av e Matilda St 2020 Greenville Size: 2,100 sf a St 2,100 sf restaurant 400 sf patio Greenville 2020 Greenville - Belmont Belmont 1520 Greenville Size: 7,050 sf * 1,000 sf patio R:\MaPublisher Data\Texas\DFW\Greenville nue\lowest Greenville\Lowest Greenville.ai 1516 Greenville Size: 6,300 sf * 1,200 sf patio This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

8 City Commitment and Area Developments January 26, 2011 Dallas City Council unanimously passed a PD for the New Lowest Greenville District with an initial $1.6 MM in streetscape funding to include: - widening of sidewalks turning Greenville. from 2 lanes of traffic each direction to one lane each way - parallel street parking with valet drop-offs at strategic locations - 27 light fixtures - 33 indigenous trees - 18 pedestrian benches - 7 bicycle racks - 10 sidewalks with new brick pavers - 14 deep patios from buildings to sidewalks Arcadia Park - Dallas first permanent food trailer destination at NWC of Sears St. and Greenville - 6 trailers built out for restaurant use - outdoor seating in a park bench type design - beer wine garden - ADA restrooms

9 The Retail Connection provides strategic planning, tenant representation, project leasing, general brokerage, surplus property dispositions, national advisory services, as well as acquisition, development and merchant banking services. The Retail Connection currently represents over 200 retail and restaurant chains and over 20 million square feet of listings, including approximately 2 million of its own projects. The company is headquartered in Dallas with offices in Houston and San Antonio. Additional information on The Retail Connection, L.P. is available at Contact: Ross Golman rgolman@theretailconnection.net Contact: Jeremy Zidell jzidell@theretailconnection.net Andres Properties is a family-owned real estate company committed to buying, owning, and managing properties that contribute value to the surrounding communities. Andres Properties has over thirty years of experience owning and developing ANDRES PROPERTIES commercial properties on Henderson nue, Lowest Greenville and other central Dallas areas. Andres Properties works hard to create a valuable relationship with its tenants. As experts in their markets, they know which businesses have the best chance for success in a particular location. Once established, their tenants offer long-term value to the surrounding communities.