RETAIL RESTAURANTS, OFFICE, RESIDENTIAL, HOTELS · 2016-06-01 · Park, Ford Field, Wayne State University (28,000 students), College ... CBRE, Inc. has not verified it and makes

PAGE 1THE DISTRICT DETROIT RETAILR E S T A U R A N T S , O F F I C E , R E S I D E N T I A L , H O T E L SR E T A I L

PAGE 2THE DISTRICT DETROIT RETAIL

DETROIT ON THE RISEThe District Detroit will be 50 blocks of thriving businesses, parks, restaurants, bars and event destinations. It will be home to the young and the young at heart, families, new residents and long-time residents who want to be where the action is.

A network of five, mixed-use neighborhoods, featuring retail, restaurants, office, residential, and hotels will be anchored by world-class venues, whose one-of-a-kind energy is the catalyst for the uniquely vibrant character of each neighborhood.


19891982

1992

2000

2015

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1967200720142017

A COMMITMENT TO DETROITFrom the restoration of the Fox Theatre in the late 1980s to construction of the new $627 million Little Caesars Arena today—the Ilitch organization has made investing in their hometown a trademark. Ilitch companies built championship teams in the Detroit Red Wings and Detroit Tigers; invested in parks, city infrastructure and charities throughout the city; grew a single Little Caesars Pizza store to the largest carryout-only pizza chain in the world; and made a commitment to providing fun and memorable experiences to the community that they call home. Olympia Development of Michigan, an Ilitch-owned company, is leading this impressive development together with a variety of public and private partners. We’re proud to be a part of Detroit’s comeback story. Now we’d like to invite you to join us by investing in one of America’s greatest cities, too.


THE EXPERIENCEThe District Detroit will be made up of a dynamic mix of sports and entertainment venues, including six world-class theaters and three multi-use sports venues – home to the Detroit Red Wings, the Detroit Tigers and the Detroit Lions.

The District Detroit will be comprised of five distinct neighborhoods featuring retail, restaurants, office, residential and hotels all linking these venues into one contiguous, walkable area, where families, sports fans, entrepreneurs, job seekers, entertainment lovers and others who crave a vibrant urban setting can connect with each other and the city they love.


QLINE STATIONS

Discover an amazing destination comprised of five neighborhoods, each with its own unique charac-ter, at Detroit’s growing population center. The District Detroit connects Downtown to Midtown along the QLINE line and represents the final piece of the puzzle connecting all of Detroit’s sports and entertainment venues.

WOODW

ARD AVE.

CASS AVE.

GRAND RIVER AVE.

75



NEIGHBORHOODS


Welcome to the home of the new Little Caesars Arena and the Detroit Red Wings—a neighborhood anchored by world-class sports and entertainment venues for concerts, family shows and community functions. Coupled with mixed-use developments, boutique hotels, a piazza for outdoor entertainment and the Wayne State University Mike Ilitch School of Business, the Woodward Square neighborhood will bring a dynamic mix of entertainment and retail options.

Little Caesars Arena will feature a dramatic arena bowl, proximity to the action and great sight lines. A first of its kind Via will bring traditional outdoor street experiences inside in a bold way. Shop, dine, and stroll under the sun or stars in this 61,000 square-foot, covered pedestrian walkway open to the public year ‘round.

180,000 SF OF RETAIL SPACE


A place where history and tradition meet the modern sports experience. Where the Detroit Tigers and Detroit Lions play the great American games that Detroiters love. This is the place where Detroit comes together to hope, dream and cheer—where new shops pop up along tree-lined streets, and new overflowing restaurants attract sports fans, long-time residents and new neighbors.


Where gas-lit streets set the stage for magical nights and gilded doors open to the majesty of two historical landmarks, The Fox Theatre and the Fillmore Detroit. This is no ordinary street. This is a European-inspired street ideal for fans of sports and entertainment who come early for events and stay long after they’re over.


THEATER & ARTSThe District Detroit is already humming with music, arts and culture. With six world-class venues such as the Fox Theatre and Detroit Opera House, the city is alive with artists and the arts.

Love for everything from music and street arts can be seen throughout the city in historic concert halls, museums and neighborhood art galleries.

This is the home of Motown Records and Big Sean—Tyree Guyton, Jack White and Francis Ford Coppola. With thousands of theater seats, major citywide events held every month of the year and concerts, comedy and family-friendly shows booked every day, Detroit is one of the largest entertainment destinations in the United States.


SPORTS IN DETROIT

People that annually attend a sporting event in Downtown Detroit

4,500,000

For the first time, fans of sports and entertainment will be able to walk from one incredible venue to another through an amazing network of neighborhood streets filled with shops, restaurants, hotels and offices — a 24-hour district surrounding Little Caesars Arena, Comerica Park and Ford Field. Each team is already a draw for sports fans who travel Downtown from throughout the city, state and the world.

Stanley Cup championships for the Detroit Red Wings, the most of any NHL franchise based in the United States

ANNUAL ECONOMIC BUSINESS IMPACT

Regular season game days in Downtown Detroit

11

130

$458,000,000

Detroit Tigers annual attendance

Sporting seats in Downtown Detroit

~ 3,000,000

126,000


The District Detroit is adding to incredible growth already underway in the city. Detroit is attracting a talented and highly-educated workforce into the city center. And with them, major employers, retailers and restaurant owners are seeing the potential for growth in Detroit. With the population of Downtown workers and residents increasing all the time, The District Detroit is meeting this demand for new investment in the city.

RETAIL, RESTAURANTS, OFFICE, RESIDENTIAL, HOTELS



BY THE NUMBERS

RESIDENTIAL

OFFICE OCCUPANCY RATE(18 consecutive quarters of positive absorption)

84%

RESIDENTIAL OCCUPANCY RATE

98%

EXISTING OFFICE INVENTORY

RESIDENTS IN DOWNTOWND E T R O I T

OFFICE

HOTEL

HOTEL OCCUPANCY RATE

70%

RESTAURANTS

R E S T A U R A N T SIN GREATER DOWNTOWN

NEW RESTAURANTSIN GREATER DOWNTOWNS I N C E - 2 0 1 3

NEW HOUSING UNITS BY 2020

IN THE DISTRICT DETROITB Y 2 0 1 8

1,000

400 NEW HOTEL ROOMS



30 MINUTEDRIVE TIME

30 MIN.Drive Time

60 MIN.Drive Time

90 MIN.Drive Time

POPULATION 2,595,492 4,415,412 6,546,886

AGES 25-34 325,748 /12.8%

563,108 /12.4%

801,240 /12.2%

TOTAL BUSINESSES

101,066 174,632 255,404

TOTAL EMPLOYEES

1,330,361 2,237,069 3,238,051

AVERAGEHH INCOME

$61,941 $73,404 $70,267

60 MINUTEDRIVE TIME

90 MINUTEDRIVE TIME

*U.S. Statistical Data Only

THE MARKET


Notable companies headquartered in the greater Downtown area include General Motors, DTE Energy, Compuware, Ally Financial, Little Caesars Pizza, Quicken Loans, Blue Cross Blue Shield of Michigan, Lowe Campbell Ewald and Detroit Medical Center.

Detroit is also home to the new Little Caesars Arena, Comerica Park, Ford Field, Wayne State University (28,000 students), College for Creative Studies (1,461 students) and Wayne State Univesity Mike Ilitch School of Business (3,000 potential students).

20,000,000 Annual Detroit visitors (2015)

7.2 Square miles

35,037 Population in the primary trade area

146,410 Daytime population

32,461 College students

5,700 Proposed hotel rooms by 2018

7,000 Residential units by 2020

PRIMARY TRADE AREA


THE DISTRICT DETROIT WELCOMES...Little Caesars Arena, home of the Detroit Red Wings 819,000 SF world-class arena 20,000 seats The puck drops in 2017Wayne State University Mike Ilitch School of Business 120,000 SF building 3,000 students Scheduled to open in 2018Little Caesars Global Resource Center 250,000 SF building 600+ new jobs 2018 deliveryR


SCOTT YOUNG First Vice President

+1 248 936 [email protected]

JEREMY GROSSMANSenior Vice President+1 617 912 [email protected] DEVELOPERS RETAIL LEASING AGENT

© 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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RETAIL RESTAURANTS, OFFICE, RESIDENTIAL, HOTELS · 2016-06-01 · Park, Ford Field, Wayne State University (28,000 students), College ... CBRE, Inc. has not verified it and makes