the opportunity - jll€¦ · $191,126 avg. household income $117,155 disposable income $19,251...

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Page 1: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood
Page 2: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

The Opportunity

At the base of an impeccably designed 618 foot tower sits the Shops at Avery Lane. The world class design is uniquely modern showcasing sophisticated materials and intriguing textures at all levels. Centrally lo-cated on the street level is the central open space. Multiple residential entry points and outside seating areas are surrounded by engaging re-tail storefronts.

Superbly designed retail spaces are characterized by ample volume, natural light and accessibility to the outside. Complimented by pre-mium landscaping, lighting and numerous outdoor seating areas, the perfect neighborhood shopping environment awaits for best in class food, beverage, fitness and entertainment retailers.

Small and large format spaces exist in both internal and external portions of Avery Lane.

Page 3: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

The Market

No sub market in San Francisco has experienced more growth than the Transbay / Rincon Hill. neighborhood. One of the fastest growing sub markets in the country, the neighborhood has seen historic, record breaking levels of office growth over the prior 18 months. 16 million square feet of architecturally significant office space is located adjacent to transportation options including BART, Golden Gate Ferry, MUNI bus lines and Cal Train offering convenient access for the 156,000 daytime employee base. In addition to 18,000 existing residential units in the sub market an additional 8,000 units have been planned with roughly 3,800 units remaining in process or under construction.

Active. Educated. Affluent. Creative. The customer profile provides excellent demographic levels for urban retailers to succeed and thrive.

Page 4: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

$191,126Avg. Household

Income

$117,155Disposable

Income

$19,251Food + Beverage

$6,285Apparel

$7,800Entertainment

$3,476Home Furnishings

A neighborhood dense with office workers and residents surrounds The Shops at Avery Lane. High household and disposable incomes produce strong spending levels within the trade area.

18,062Area Residents

156,033Daytime Workers

The Customer

$ $

ESRI - .50 radius, 2018. Dollars per year per household.

L U M I N A

OFFICE 1 Salesforce 2 Ferry Building 3 Uber 4 WeWork 5 JP Morgan 6 Oracle 7 Wells Fargo 8 Google 9 Facebook10 Fitbit11 LinkedIn 12 DropBox13 Yelp 14 Gap 15 Apple 16 Amazon17 Slack18 First Republic 19 PG&E20 Splunk

RESIDENTIAL 1 Paramount 2 Rincon Center 3 Solaire 4 Lumina 5 Jasper 6 399 Fremont 7 Infinity 8 388 Beale 9 340 Fremont 10 Bayside Village 11 Yerba Buena Commons12 33 Tehama13 One Rincon Hill14 The Harrison15 Metropolitan16 181 Fremont

OFFICE RESIDENTIAL

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SO U THFINANCIALDISTRICT

F E R R Y B U I L D I N G

METROPOLITAN

ONE RINCON HILL

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Transbay ProgramSalesforce Transit Center

Page 5: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

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F E R R Y B U I L D I N G

The Growth

Residential Units

Increase

Increase

Increase

Office SF

Hotel Rooms

With historic levels of commercial development in the neighborhood the customer base is growing daily with residents and employees ready and willing to spend on retail. Commercial projects in the immediate trade area which are proposed, in process or under construction are adding substantial density to the neighborhood.

3,088,977

525

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12%

19%

67%

Page 6: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

The Retail

Retail is more than just shopping. It must offer experience as much as product. The feeling of a store is as important as the materials used to construct it. The Shops at Avery Lane offer a retail environment not found in the neighborhood today.

The shops open to inviting outdoor spaces creating a natural flow for customers. Ample seating are areas buffeted from street noise and winds providing a welcome respite for customers. Flexibility in sizing offers opportunities in multiple categories and size requirements. Full restaurant venting and standard mechanical systems exist in food and beverage spaces.

Unique. Authentic. Engaging. This is your new neighborhood gathering spot.

Page 7: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

GROUND LEVEL LOWER LEVEL

TOWERLOBBY LOBBY

RESIDENTIAL

GARAGEACCESS

CLEMENTINA STREET

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Page 8: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

GROUND LEVELRETAIL 3

Size: 1,746 sfCeiling heights: 16’7”• High identity pin corner• Outdoor seating• Venting possible• Cafe, fast casual, full service restaurant space

RETAIL 4

Size: 2,132 sfCeiling heights: 15’4”• Central plaza location• Venting possible• Can be demised• Fast casual, apparel, hard goods.

RETAIL 5

Size: 330 sfCeiling heights: 15’9”• Plaza fronting• Adjacent to pocket park• Path of travel• Sundries, coffee, juice, service

RETAIL 6

Size: 72 sf• Micro retail• Street fronting• Highly visible• Sundries, service, grab and go

GROUND LEVEL

SPACE 2

Size: 2,717 sfCeiling heights: 18’11” +

• Folsom fronting jewel box• Full venting possible• Outdoor seating• Can be combined with Space 1

LOWER LEVEL

SPACE 1

Size: 10,384 sfCeiling heights: 12’ (steps to 9’)

• High ceilings and volume• Venting possible• Potential dedicated parking

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Page 9: The Opportunity - JLL€¦ · $191,126 Avg. Household Income $117,155 Disposable Income $19,251 Food + Beverage $6,285 Apparel $7,800 Entertainment $3,476 Home Furnishings A neighborhood

Ben LazzareschiExecutive Vice PresidentJLL Retail Brokerage Services+1 415 228 [email protected]

Laura TinettiSenior Vice PresidentJLL Retail Brokerage Services+1 415 228 [email protected]

jllretail.com

©2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy