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RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF LUXURY

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Page 1: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

RARE RETAIL/RESTAURANTOPPORTUNITY AT THE

BASE OFLUXURY

Page 2: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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.

Page 3: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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.

Page 4: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

RETAIL MAP

Page 5: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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

Page 6: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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.

Page 7: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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

Page 8: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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)

Page 9: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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

Page 10: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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

Page 11: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

LOCATOR MAP

Page 12: RARE RETAIL/RESTAURANT OPPORTUNITY AT THE BASE OF … · 2019-03-04 · heightened barrier of entry for numerous retailers and restaurant operators. Given the collection of existing

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