rare retail/restaurant opportunity at the base of … · 2019-03-04 · heightened barrier of entry...
TRANSCRIPT
RARE RETAIL/RESTAURANTOPPORTUNITY AT THE
BASE OFLUXURY
OPPORTUNITY Eleven33 is a mixed-use development that
provides a unique opportunity for retailers
and restaurant operators to secure a home
in the densely populated and affluent
communities of Oak Park and River Forest.
The submarket, given the scarcity of
quality retail space, has always provided a
heightened barrier of entry for numerous
retailers and restaurant operators. Given
the collection of existing retailers and
restaurants in the immediate retail trade
area, the submarket is clearly a point of
destination for many consumers. Eleven33
can provide such a home for discriminating
retailers and restaurant operators.
THE TRADE AREA The subject retail opportunity is centrally located within the Oak
Park/River Forest submarket. The submarket is just 10 miles west
from downtown Chicago and is a vibrant marketplace with a rich
heritage and legacy. There is a massive collection of Frank Lloyd
Wright-designed homes in the area, including the architect’s
own home and studio. Oak Park is also the birthplace of Nobel
Laureate and Pulitzer Prize winning author Ernest Hemingway. In
contrast with other communities throughout Chicago’s suburbs,
Oak Park has experienced a significant number of luxury mixed-
use developments over the past few years.
The surrounding retail district is a collection of eclectic boutique
shops, national retailers and a varied array of full service
restaurants mimicking the personality of a diverse and affluent
residential base.
RETAIL MAP
RESTAURANT MAP
1
45
11
2
59 61 63
64
65 6668
71
70
7274 79 80
78
81 82 83
84
8586
8775 76 7773
67
69
62
56 57 58 60
3
18
628
7
31
14
13
15
8
10
9
1220
16
17
36
3837
48
3940
49
51
5554
52
53
50
41 4243 44 45
4647
2726
19 21
25
29
30
35
33
34
32
24
22
23
15.16.17.18.19.20.21.22.23.24.25.26.27.28. QBBQ
Hecho En Oak ParkKhyber Pass
Cozy Corner
Munch
Wild Onion Tied HouseLa Bella Pasteria
La Notte
Barclays American GrillePoor Phil's
Two Brothers Social Tap
Hemmingway's Bistro
LEGEND1.2.3.4.5.6.7.8.9.
10.11.12.13.14.
Bar Louie
Cafe Descartes
Slice FactoryTGIFridays
ChipotleNando’s Peri-PeriDunkin Donuts
The Little Gem CafeFirecakes Donuts
Red Mango
Delia’s Kitchen
Lou Malnati's Pizza
Mickey’s Coopers Hawk
Jerusalem Cafe Restaurant
Five GuysSushi House
The Beacon PubGoldyburgers
Blue Max Coffee
Mcdonalds
Panera BreadNoodles & CoBoston Market
29.30.31.32.33.34.35.36.37.38.39.40.41.42.43.44.45.46.47.48.49.50.
Winberies
Brick’s Wood Fired PizzaIl Vicolo Trattoria
Jimmy JohnsStarbucks
New PotSagano SushiScratch On The Lake
Courageous Bakery
RusticoSaigon Pho
Papaspiros
51.52.53.54.55.56.57.58.59.60.61.62.63.64.65.66.67.68.69.70.71.72.
Grape LeavesCitrine
AltiroCucina Paradiso
Petra Falafel73.74.75.76.77.78.79.80.81.82.83.84.85.86.87.
J&J Fish House
Rosati’s PizzaRobinson’s No. 1 Ribs
Mama ThaiAJ’s Grill
New RebozoWendysParky’s Hot Dogs
Original Pancake House
Skrine ChopsFatDuck Tavern
O’Sullivan’s
Popeye’s ChickenChicago’s Home Chicken Waf�es
Maya Del SolGeorges Family
Exit Strategy Brewing Co.Oak Park Brewing Company
Thai Time RestaurantGaetano’s Restaurant
Starship Catering
Bua Hana
Louie’s GrillFrancesca’s Fiore
Scratch Kitchen
Shanahan’saXcan GrillThe Heritage
Junction Diner
Slainte Irish PubMadison Park Kitchen
Shogun Sushi Grill
Jimmy John’sCocino Lobos
15.16.17.18.19.20.21.22.23.24.25.26.27.28. QBBQ
Hecho En Oak ParkKhyber Pass
Cozy Corner
Munch
Wild Onion Tied HouseLa Bella Pasteria
La Notte
Barclays American GrillePoor Phil's
Two Brothers Social Tap
Hemmingway's Bistro
LEGEND1.2.3.4.5.6.7.8.9.
10.11.12.13.14.
Bar Louie
Cafe Descartes
Slice FactoryTGIFridays
ChipotleNando’s Peri-PeriDunkin Donuts
The Little Gem CafeFirecakes Donuts
Red Mango
Delia’s Kitchen
Lou Malnati's Pizza
Mickey’s Coopers Hawk
Jerusalem Cafe Restaurant
Five GuysSushi House
The Beacon PubGoldyburgers
Blue Max Coffee
Mcdonalds
Panera BreadNoodles & CoBoston Market
29.30.31.32.33.34.35.36.37.38.39.40.41.42.43.44.45.46.47.48.49.50.
Winberies
Brick’s Wood Fired PizzaIl Vicolo Trattoria
Jimmy JohnsStarbucks
New PotSagano SushiScratch On The Lake
Courageous Bakery
RusticoSaigon Pho
Papaspiros
51.52.53.54.55.56.57.58.59.60.61.62.63.64.65.66.67.68.69.70.71.72.
Grape LeavesCitrine
AltiroCucina Paradiso
Petra Falafel73.74.75.76.77.78.79.80.81.82.83.84.85.86.87.
J&J Fish House
Rosati’s PizzaRobinson’s No. 1 Ribs
Mama ThaiAJ’s Grill
New RebozoWendysParky’s Hot Dogs
Original Pancake House
Skrine ChopsFatDuck Tavern
O’Sullivan’s
Popeye’s ChickenChicago’s Home Chicken Waf�es
Maya Del SolGeorges Family
Exit Strategy Brewing Co.Oak Park Brewing Company
Thai Time RestaurantGaetano’s Restaurant
Starship Catering
Bua Hana
Louie’s GrillFrancesca’s Fiore
Scratch Kitchen
Shanahan’saXcan GrillThe Heritage
Junction Diner
Slainte Irish PubMadison Park Kitchen
Shogun Sushi Grill
Jimmy John’sCocino Lobos
THE PROJECT Eleven33 development is a transit oriented, mixed-use project located in the heart of
downtown Oak Park. The building, currently under construction, will include 15,226 square
feet of ground floor retail/restaurant space situated at the base of a 12-story tower to
include 252 luxury residential apartments and 355 parking spaces. The west retail space,
situated along Harlem Avenue, will include a gross floor area of 7,191 square feet and
can be subdivided. The east retail space will include a gross floor area of 8,035 square
feet situated along South Boulevard and directly opposite the Oak Park Transit Center
providing ease of access to the CTA Green Line (3,244 daily riders), Metra (905 daily riders)
and Pace and CTA buses. Eleven33 is surrounded by a host of nationally recognized
retailers including Whole Foods, Target Express, Trader Joe’s, Old Navy, Gap, Ulta, DSW,
Ann Taylor, Chipotle, Panera and a diverse collection of boutique retailers and restaurants.
EAST RETAIL
11 12 13 14 15 16
H
E
F
G
D
D.2
RETAIL - EAST8,035 SF
0' - 11" 0' - 11"0' - 11"
1:12
1' - 2"
PUBLIC ELEVATORVESTIBULE
ELEV. 3
PEDESTRIAN WALKWAY
CONNECTION TO MAPLE AVE.
"1 - '12"6 - '72"6 - '72"6 - '72"6 - '72
15' -
10"
27' -
3"16
' - 0"
13' -
4"2'
- 8"
10' - 11 1/2"
11' -
3 1/2"
16' - 7 1/2"
137' - 7"
6' - 5
1/4"
2' - 9
5/8"
1' - 2
"6'
- 5 1/
4"
9 1/4"
9' - 5
1/4"
11' - 1 7/8"
8' - 10 1/8"
54' -
0 1/2"
CLEARANCE TO LOW-POINT OF STRUCTURE: 14'-2"(ALL MEP CLEARANCES TO BE CONFIRMED IN FIELD)
10' - 1"13' - 9"13' - 9"
RAMP TO BACK OF HOUSE CORRIDOR & LOADING ROOM
WEST RETAIL1
23
BH AE B.5
3.4
FG D C
1.1
C.1
D.2
RETA
ILTR
ASH
132
RETA
ILSE
RV.
131
15' - 10" 27' - 3" 16' - 0" 13' - 4" 2' - 8" 26' - 3" 1' - 6" 7' - 10" 7' - 11 1/2" 26' - 4 1/2"
"0 - '11"6 - '72
"8 - '81"0 - '1
RET
AIL
- WES
T7,
191
SF
1' -
8"1'
- 8"0' -
0"
0' -
0"0'
- 0"
0' -
0"
0' -
0"
0' -
0"
1:12
COVE
RED
WAL
KWAY
TO E
AST L
OADI
NG R
OOM
LINE
OF B
UILD
ING
ABOV
E
LINE
OF B
UILD
ING
ABOV
E
47' -
3 7/8"
6' - 3 1/2"8' - 8" 2' - 10 3/4"
48' -
11 1/
4"
135' - 5 1/4"
4' - 2" 10' - 4"
10' -
3 3/4"
5' - 7 1/8" 20' - 0" 5' - 0"
10' -
2"
20' - 2 3/4" 9' - 5 1/2"
18' -
0"
CLEA
RANC
E TO
LOW
-POI
NT O
F ST
RUCT
URE:
15'-0
"(A
LL M
EP C
LEAR
ANCE
S TO
BE
CONF
IRME
D IN
FIE
LD)
SITE PLAN
PM
PM
PM
PM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
B
H
A
E
B.5
3.4
F
G
D
C
1.1
C.1
D.2
SOUTH BOULEVARD
S. H
ARLE
M AV
ENUE
S. M
APLE
AVE
NUE
PRIVATE ALLEY
PROPERTY LINE
RETAIL -WEST
RETAIL -EAST
LOADING
FFE = 0'-0"CIVIL = 49.33'
FFE = 0'-11"CIVIL = 50.25'
FFE = 2'-2"CIVIL = 51.50'
FFE = 0'-0"CIVIL = 49.33'
FFE = 1'-3"
FFE = 1'-8"
FFE = 1'-8"
FFE = 1'-2"
RESIDENTIAL AMENITY SPACE
RETAIL-012
RETAIL-013
ENTRANCE TO PARKING GARAGE
1 MILE 3 MILES 5 MILES
2017 Population - Current Year Estimate 34,307 296,424 823,807
2022 Population - Five Year Projection 34,681 299,114 832,737
2010 Population - Census 33,644 291,205 806,424
2000 Population - Census 34,226 310,519 851,099
2010-2017 Annual Population Growth Rate 0.27% 0.25% 0.29%
2017-2022 Annual Population Growth Rate 0.22% 0.18% 0.22%
2017 Households - Current Year Estimate 16,652 105,202 272,106
2022 Households - Five Year Projection 16,854 106,112 274,747
2010 Households - Census 16,254 103,455 266,982
2000 Households - Census 16,547 107,709 277,132
2010-2017 Annual Household Growth Rate 0.33% 0.23% 0.26%
2017-2022 Annual Household Growth Rate 0.24% 0.17% 0.19%
2017 Average Household Size 2.02 2.79 3.01
2017 Average Household Income $114,611 $77,054 $68,412
2022 Average Household Income $130,036 $86,369 $76,751
2017 Median Household Income $69,769 $50,298 $48,284
2022 Median Household Income $79,656 $53,227 $51,307
2017 Per Capita Income $56,993 $27,736 $22,869
2022 Per Capita Income $64,614 $31,024 $25,596
2017 Housing Units 17,956 117,079 303,967
2017 Vacant Housing Units 1,304 11,877 31,861
2017 Occupied Housing Units 16,653 105,202 272,106
2017 Owner Occupied Housing Units 8,785 52,539 138,449
2017 Renter Occupied Housing Units 7,868 52,663 133,657
2017 Population 25 and Over 25,202 194,146 527,786
HS and Associates Degrees 7,530 103,495 298,298
Bachelor’s Degree or Higher 16,837 58,312 115,086
2017 Businesses 1,802 7,673 19,367
2017 Employees 17,757 90,980 238,737
DEMOGRAPHICS
POPU
LATI
ON
HO
USE
HO
LDS
HO
USE
HO
LD
INCO
ME
HO
USI
NG
U
NIT
SED
UCA
- TI
ON
WO
RK
PL
ACE
LOCATOR MAP
FOR MORE INFORMATION
CONTACTWENDELL HOLLANFirst Vice President+1 630 573 [email protected]
MARIO MELONEVice President+1 630 573 [email protected]
BRENDAN REEDYSenior Vice President+1 312 297 [email protected]
NICKI BERGVice President+1 312 861 [email protected]
Building colors are subject to change
© 2019 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 uncer-tainty. 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 dis-played 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_March2019