950 THE BROADWAY S BROADWAY ENTIRE BUILDING AVAILABLE The Hottest Corridor in Downtown
BUILDING SIZE: ± 34,330 SF No OF STORIES: 7, plus basement YEAR BUILT/RENOVATED: 1913/2018 PARKING: Secured via parking covenant at a 2:1,000 SF ratio in the adjacent Broadway Palace development. Current rates of parking are $150/month per space. ASKING RATE: Withheld TYPICAL FLOOR SIZE: ± 4,100 SF
BRINGING BACK Broadway LED BY LOS ANGELES CITY COUNCILMEMBER JOSE HUIZAR, BRINGING BACK BROADWAY IS AN AMBITIOUS 10-YEAR PLAN TO REVITALIZE THE HISTORIC BROADWAY CORRIDOR IN DOWNTOWN LOS ANGELES, A NATIONAL REGISTER HISTORIC DISTRICT. Goals are to provide economic development and business assistance; re-activate Broadway s historic vacant theaters, as well as more than one million square feet of vacant commercial space and increase parking and transit options, including bringing the beloved streetcar back to Downtown Los Angeles. Under the initiative, the area has already experienced a surge in new retail and restaurants, and is becoming a focal point for creative office and boutique hotel development with city policies aimed at creating flexibility for the reactivation of upper floor spaces.
+ + Entire Building Available + + Across from the ACE Hotel, and adjacent to the under construction Hoxton and Proper Hotels + + Adjacent to the incoming Apple Store, West Elm, Theory, and Erewhon, and the already existing Whole Foods, Aesop, APC, Gentle Monster, and Urban Outfitters + + On the Broadway Fiber Loop + + On the approved Streetcar Route + + Exposed brick with concrete floors, ceilings, and columns + + Creative, plug-n-play build-to-suits available + + Available Parking + + Rooftop availability
AVAILABILITIES 2nd Floor: 4,000 SF 3rd Floor: 4,000 SF 4th Floor: 4,000 SF 5th Floor: 4,000 SF 6th Floor: 4,000 SF 7th Floor: 4,000 SF
AMENITY MAP SURROUNDED BY AN ABUNDANCE OF RETAIL 950 THE BROADWAY S BROADWAY
ACE HOTEL Located directly across the street from the site is the Ace Hotel. Originally built as the United Arts Building and Theater, the building has been completely restored and renovated to serve as a luxury boutique hotel called Ace Hotel Downtown Los Angeles. It features 182 rooms, a pool, a restaurant and three bars, as well as the restored United Artists Theater. In May 2015, Chesapeake Lodging Trust bought the building for $103 Million.
950 THE BROADWAY S BROADWAY CONTACT: MARTY BARKAN First Vice President Lic. 01149016 +1 310 5502674 marty.barkan@cbre.com PHILLIP SAMPLE Senior Vice President Lic. 01145593 Lic. 00409987 + 1 213 613 3301 phillip.sample@cbre.com CHRIS W. CARAS, JR. Senior Vice President Lic. 01229700 Broker Lic. 00409987 +1 213 613 3303 chris.caras@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property 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. 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. 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_September2018 BRANDON BANK Associate Lic. 01957721 Broker Lic. 00409987 +1 213 613 3136 brandon.bank@cbre.com