PEGASUS 6TH STREET AND FLOWER LOS ANGELES, CA 90017 A Property by: 2nd Generation Restaurant Space For Lease
Executive Summary Pegasus is a mixed use property in the heart of the financial district of Downtown Los Angeles. It consists of 332 high end residential apartments and 16,000 square feet of retail space on the ground floor. Public School 213 and Big Sugar Bake Shop are the retail tenants on the ground floor. PROPERTY HIGHLIGHTS: 4,585 SF Available Immediately Ground floor restaurant space below 321 high end residential units The property spans the entire block of Flower from 7th to Wilshire One of the most visible locations in Downtown Los Angeles Nearly 200 feet of frontage on Wilshire and Flower Flagship restaurant signage opportunity Flagship opportunity Tremendous glass line Metro Line just blocks away Thousands of hotel and residential units adjacent to the site Steps from the brand New Wilshire Grand, now the tallest building in the Western United States Which features the Intercontinental Hotel PEGASUS page 2
ENTRY ENTRY PEGASUS APARTMENT MAIN ENTRANCE WILSHIRE BOULEVARD Floor Plan ENTRY SOUTH FLOWER STREET PEGASUS page 3
E N LO TR B B AN Y CE Site Plan PEGASUS APARTMENTS PEGASUS page 4
2nd Generation Restaurant Space Photos PEGASUS page 5
2nd Generation Restaurant Space Exterior Photos PEGASUS page 6
Market Overview DOWNTOWN LOS ANGELES The Financial District in downtown Los Angeles is a bustling hub of activity that shows no sign of waning. With office space long occupied and soughtafter by major companies, the area indeed all of downtown has experienced a renaissance of residential and retail development. With more than 1,000 residential units brought to market since the beginning of 2017 and another 12,000 currently under construction, retail has quickly followed suit. All the action is making downtown a highly appealing destination for some of the most exciting restaurants and retailers in the country. Some of the main attractions in the financial district include OUE Skyspace LA, FIGat7th and Wilshire Grand Center. Strong residential density and office employment create a positively electric environment filled with people shopping and walking all day long. DEMOGRAPHICS (source: CoStar) 1-mile 3-mile 5-mile POPULATION 2022 Projection 78,119 551,525 1,282,064 2017 Estimate 74,945 534,288 1,247,713 2010 Census 66,390 501,725 1,203,709 Growth 2017-2022 4.24% 3.23% 2.75% Growth 2010-2017 12.89% 6.49% 3.66% HOUSEHOLDS 2022 Projection 34,738 185,726 410,597 2017 Estimate 33,338 179,819 399,523 2010 Census 29,742 168,932 385,847 Growth 2017-2022 4.20% 3.28% 2.77% Growth 2010-2017 12.09% 6.44% 3.54% POPULATION BY RACE White 45,338 358,003 874,633 Black 9,848 39,858 124,508 Asian 14,821 108,585 187,537 Other 4,939 27,843 61,035 PEGASUS page 7
Trade Area Map PEGASUS page 8
Trade Area Map (legend) RESTAURANT 1 Katsuya 2 Red Bird 3 B.S. Taqueria 4 Baco Mercat 5 Ledlow 6 The Original Pantry Café 7 Grand Central Market 8 KazuNori 9 Morton's The Steakhouse 10 Cole's 11 Fogo de Chao 12 Mendocino Farms 13 Water Grill 14 Bottega Louie 15 Sugarfish by Sushi Nozawa 16 Public School 213 17 Le Pain Quotidien 18 Plan Check Kitchen + Bar 19 Tender Greens 17 Faith & Flower 18 800 Degrees 19 The Palm Los Angeles 17 Bottega Louie 18 Sugarfish by Sushi Nozawa 19 800 Degrees RETAIL 1 LOIT 2 Urban Outfitters 3 Le Box Blanc 4 Theory 5 A.L.C. 6 COS BAR/NIGHTLIFE 1 The Edison 2 Broken Shaker 3 Perch 4 La Cita Bar 5 Seven Grand 6 Honeycut 7 Prank Bar COFFEE SHOPS 1 Demitasse 2 Groundwork Coffee Co. 3 Blue Bottle Coffee 4 Philz Coffee 5 Verve Coffee Roasters 6 Casa Cubana ENTERTAINMENT 1 Staples Center 2 Nokia 3 Walt Disney Concert Hall 4 The Broad 5 The Museum of Contemporary Art 6 Regal Cinemas 7 Orpheum Theater 8 Tower Theater 9 Los Angeles Convention Center GROCERY 1 Erewhon Market 2 Whole Foods 3 Ralph's 4 Marukai Supermarket SHOPPING CENTERS 1 The Bloc 2 7th and Fig 3 Japanese Village Plaza 4 Broadway Trade Center 5 Los Angeles Mall DEVELOPMENT 1 Fig Central 2 Metropolis 3 Olympia 4 Oceanwide Plaza 5 Apex II 6 888 S Hope 7 1133 Hope 8 Mack Urban Tower 9 1212 Flower 10 820 Olive 11 1400 Figueroa 12 Circa DRUGSTORE 1 Walgreens 2 CVS Pharmacy 3 Walgreens 4 Rite Aid 5 CVS Pharmacy 6 Rite Aid GYM 1 YAS Fitness Center 2 Equinox 3 Soul Cycle 4 Club Pilates 5 LA Fitness 6 Orange Theory Fitness 7 The Los Angeles Athletic Club 8 24 Hour Fitness HOSPITALITY 1 Ace Hotel 2 JW Marriott 3 Luxe City Center Hotel 4 Standard 5 Miyako Hotel 6 DoubleTree by Hilton 7 Hilton Checkers Los Angeles 8 Millennium Biltmore Hotel 9 The Westin Bonaventure Hotel 10 Sheraton Grand 11 Omni Los Angeles Hotel 12 The Ritz-Carlton 13 InterContinental 14 Hotel Indigo 15 Freehand Los Angeles 16 Residence Inn APARTMENTS 1 Pegasus 2 Milano Lofts 3 The Met 4 SB Manhattan Lofts 5 Seven Forty South Olive 6 Metropolis 7 Level DTLA 8 Atelier 9 APEX. The One. 10 Watermarke Tower 11 Bristol Apartments 12 Spring Arcade Building 13 Gas Company Lofts 14 SB Tower 15 Premiere Towers 16 Baltimore Hotel 17 SB Spring Lofts 18 Renaissance Tower 19 8th + Hope 20 Eighth & Grand 21 SB Main 22 The Roosevelt 23 The Brockman Lofts 24 655 Hope 25 Angelus Plaza 26 255 Grand 27 Van Nuys Apartments 28 Rosslyn Lofts 29 SB Grand 30 AVA Little Tokyo 31 Metro 417 32 Pacific Electric Lofts PEGASUS page 9
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