RETAIL PASSAGE UNDER CONSTRUCTION PART...

FOR LEASE6759 HOLLYWOOD BLVD, LOS ANGELES, CA 90028

RETAIL PASSAGE UNDER CONSTRUCTION

PART OF PLANNED HOLLYWOOD HOTEL

212 – 3802 RSF AVAILABLE

DENLEY INVESTMENT & MANAGEMENT

JUSTIN RUBEL

T 323.463.4100

DENLEYINVESTMENT.COM

2

6759 Hollywood Blvd / Hollywood Hotel

RETAIL PASSAGE

TABLE OF CONTENTS

Justin Rubel l 323.463.4100 l www.denleyinvestment.com

Property History………………………………………………………… Page 3

Retail Available………………………………………………………..... Page 4

Aerial Maps………………………………………………………........... Page 5 - 7

Hollywood Economic Trends…………………………………………... Page 8 - 12

Demographics…………………………………………………………… Page 13

Area Retail & Amenities………………………………………………... Page 14 - 15


RETAIL PASSAGE

PROPERTY HISTORY

The property was originally the home of Café

Montmartre, the famed 1920’s hangout for

celebrities, and the oldest club in Hollywood.

Frequented at the time by Charlie Chaplin and

William Randolph Hearst to name a few, Café

Montmartre became a country-wide name and

was sought out by tourists seeking to meet those

in the limelight. The club, today known as

Cashmere, still occupies the second floor.

The first floor was originally occupied by a bank,

the original Italian Renaissance architecture

remaining on half the floor. The other half was

converted to a convenience store, then a

café/bakery, and is now the proposed site for a

passage leading into the planned hotel, separating

an available restaurant and available retail.

Justin Rubel l 323.463.4100 l www.denleyinvestment.com 3


RETAIL PASSAGE

SITE OVERVIEW

Retail Available

Monthly Rate

Occupancy

Term

212 – 3802 RSF

Available Upon Request

4 – 6 Months

5 Years

Features

Part of planned Hollywood Hotel

Tremendous visibility, foot and traffic counts

Cater to hotel clientele, local and tourist customers

Ample parking

Retail support from adjacent stores

Adjacent to the world-renowned Wax Museum

Accessible from Hollywood Blvd and proposed hotel

Close, easy access to 101 Freeway and Metro

Station at Highland Ave

Justin Rubel l 323.463.4100 l www.denleyinvestment.com 4

Hollywood

&

Highland

Loews

Hotel

7Justin Rubel l 323.463.4100 l www.denleyinvestment.com


RETAIL PASSAGE

AERIAL MAP – FACING NORTH

Hollywood BlvdH

igh

lan

d A

ve

McC

add

en

Pl

Las Palm

as Ave

Yucca Ave

Hollywood & HighlandCenter

Parking

Parking

+/-40,000 CPD+/-70,000 CPD

+/-76,000 CPD

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RETAIL PASSAGE

HOLLYWOOD TRENDS - POPULATION


Hollywood, CA is bordered by Beverly Hills,

West Hollywood, Glendale, and Hancock

Park. Renowned for its cultural diversity

and role in developing the entertainment

industry, the city’s population is not only

growing, but is becoming more educated.

With a 2013 population over 210,000, the

city boasts a remarkable 84.8% of

residents 25 years or older with a high

school diploma and 46.7% with a

bachelor’s degree. That’s compared to

76.9% and 30.1% respectively in the

County of Los Angeles.

Source: Economic Trends in Hollywood: 2015 Report – Prepared by Beacon Economics

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RETAIL PASSAGE

HOLLYWOOD TRENDS - EMPLOYMENT


Private sector employment in Hollywood

has seen significant increases in many

industry sectors, and overall increased by

2.4% from 2012-2013. Industries

experiencing employment growth over 2%

are Health Care, Information (Technology,

Startups, and Major Motion Picture

Companies), Financial Services,

Wholesale Trade, Transport/Distribution,

and Construction.

Also notable is that employment in the

Professional, Scientific, Technical, and

Management industry has grown by nearly

1,000 jobs since 2010.


10


RETAIL PASSAGE

HOLLYWOOD TRENDS – BUSINESS, TOURISM


Tourism in Hollywood is on the up-and-up.

The number of unique visitors to Hollywood

is approximately 1.77 million daily,

spending on average $156 per visitor daily

(2.2 persons). 1.77 million reflects visitors

from all over the world, and includes LA

County residents.

In 2013, Gross Annual Receipts increased

to $10.3 billion. Retail trade grew 6.6%

year-over-year, with retail trade accounting

for nearly one-fourth of all gross receipts in

Hollywood. Gross receipts for Arts &

Entertainment grew by 17.2% and

Accommodation & Food by 6.6%

respectively.


Source: Hollywood Business & Community Profile, 2015-16 Edition

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RETAIL PASSAGE

HOLLYWOOD TRENDS – BUSINESS, TOURISM


A testament to the up-tick in Tourism is the

increased development of Hotels in

Hollywood and the financial figures

supporting this growth. From 2013-2014,

Revenue per Available Room grew 12.2%,

a correlation between the increase in

Average Daily Room Rate over the same

period.

Hollywood hotels versus Los Angeles

County at large earned nearly 21% more

Revenue per Available Room in 2014, with

even slightly less occupancy than its

counterpart.


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RETAIL PASSAGE

HOLLYWOOD TRENDS – CONSTRUCTION


Construction in Hollywood is also

experiencing a resurgence. The city has

more office space under construction than

anywhere in Los Angeles County.

And to support the population growth from

the increase in the city’s employment,

developers have supplied housing – 1,315

multifamily units are under construction in

2015 with close to 5,000 more in the

development pipeline.

Retail construction is also underway, with

$46.5 million permitted in 2013-2014, the

bulk coming from larger developments

such as Target on Sunset and Western.


13


RETAIL PASSAGE

DEMOGRAPHICS


Annual Spending ($000s)

Population (2014 Estimate)

Population Growth (2014-2019)

Median Age

Households (2014 Estimate)

Average Household Size

Average Household Income

Renter Occupied Households

1 Mile 3 Mile 5 Mile

$622,809 $3,852,818 $9,840,184

51,243 320,741 919,224

36.90 38.30 37.60

29,211 392,526154,110

1.70 2.00 2.30

$59,280 $71,820$74,903

5.47% 3.92% 3.76%

87.74% 79.34% 76.85%



RETAIL PASSAGE

LOCAL RETAIL & AMENITIES

6759 HOLLYWOOD BLVD

1. Hollywood & Highland

2. Roosevelt Hotel

3. Grauman’s Chinese Theater

4. Loews Hotel Hollywood

5. Starbucks

6. Kino Sushi

7. Ripley’s Believe It or Not

8. The Egyptian Theater

9. Dolby Theatre

10. El Capitan Theatre

11. Hard Rock Cafe

12. U.S. Bank

13. The Rubix – 220 Luxury Lofts

14. Jefferson at Hollywood – 280 Units

15. Hollywood Wax Museum

16. Musician’s Institute

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RETAIL PASSAGE

AREA RETAIL & AMENITIES

6759 HOLLYWOOD BLVD

1. Hollywood & Highland

2. Roosevelt Hotel

3. Grauman’s Chinese Theater

4. Loews Hotel Hollywood

5. Starbucks

6. Musso & Frank Grill

7. Tinhorn Flats

8. W Hollywood Hotel

9. Pig & Whistle Restaurant

10. Wax Museum

11. Hard Rock Cafe

12. Beso Restaurant

13. Playhouse Theater

14. Redbury Hotel

15. Pantages Theater

16. Musician’s Institute

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No warranty or representation is made to the accuracy of the information enclosed. Terms of lease are subject to change or withdrawal without notice.

RETAIL PASSAGE UNDER CONSTRUCTION PART...

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