downtown durham retail space for lease€¦ · 9 aloft durham downtown - 134 rooms 10 21c museum...
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VIJAY K. SHAH, CCIM919.645.1425 (Direct)919.812.0964 (Mobile)[email protected]
ROSS DIACHENKO919.913.1686 (Direct)336.337.3162 (Mobile)[email protected]
TradeMark Properties
DOWNTOWN DURHAM RETAIL SPACE FOR LEASE
DOWNTOWN DURHAM MIXED-USE PARKING GARAGE105 W. MORGAN STREET | N. MANGUM STREET | RIGSBEE AVENUE
EXPECTED DELIVERY JANUARY 2019
• Located in the heart of Downtown Durham
• Walking distance to the hottest attractions including the Durham Bulls Athletic Park, the award winning Durham Performing Arts Center, which hosts over 200 live performances per year, and numerous well-established local restaurants and bars
• Easy access to US 15-501, NC 147 (Durham Freeway), the Downtown Durham Loop, and only 15 minutes from the Raleigh-Durham Airport, Research Triangle Park, and Chapel Hill
• Strategically located between two of Downtown Durham’s most vibrant districts - City Center and Central Park
• Walk Score: 92 - Walker’s Paradise (www.walkscore.com)
AREA HIGHLIGHTS
• 15,050 SF of street front retail bordering Mangum St., Morgan St., and Rigsbee Ave.
• Parking deck will house 5,324 SF for the City of Durham Parking Administration
• The mixed-use project will consist of 667 parking spaces atop premiere street front retail
• Allocated retail parking will be available for hourly or monthly rates
• Flexible floor plans that can be demised
• Significant outdoor seating opportunities available
• The building’s exterior will feature artwork from local artists selected by the community
• Grade change allows for ceiling heights with the ability to accommodate a mezzanine level in select spaces
• Shared grease trap on-site
PROPERTY HIGHLIGHTS
Cold dark shell delivery with $40/SF Tenant Improvement Allowance
LEASE RATE: $25.00/SF | NN: $3.00/SF
TradeMark Properties
DEMOGRAPHICS* 1 MILE 3 MILES 5 MILES
Estimated Population (2018) 16,092 101,753 191,828
Estimated Total Businesses (2018) 1,451 5,670 8,679
Estimated Daytime Population (2018) 28,807 140,892 228,286
Average Household Income (2018) $50,287 $56,832 $69,257
*Source: Regis Online Sites USA
DEMOGRAPHICS
Consistent with the its strategic plan, it is the policy of the City of Durham to provide equal opportunities for underutilized firms owned by minorities and women doing business in the City’s contracting marketplace. The Office of Economic and Workforce Development may provide economic development incentives to eligible projects that support and assist in the creation, retention or expansion of businesses in Durham and broaden employment opportunities for residents throughout the city.
CITY OF DURHAM
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DOWNTOWN DURHAM - NORTH VIEW
SITE
W. MORGA
N STREET
US
70 N. MAN
GUM S
TREET
DURHAM FREEWAY
S. M
AN
GU
M S
TR
EE
T
RIG
SB
EE A
VEN
UE
RAMSEUR STREET10
,000
AADT
64,000 AADT
523
RESTAURANTS & BARS1 Dashi
2 Rue Cler
3 Fullsteam Brewery
4 The Pit
5 Gonza Tacos y Tequila
6 Mellow Mushroom
7 Moe’s Southwest Grill
8 Tobacco Road Sports Cafe
HOTELS9 Aloft Durham Downtown - 134 rooms
10 21c Museum Hotel - 91 rooms and ground floor retail
11 Marriott City Center Hotel - 190 rooms
12 The Durham Hotel - 53 rooms with ground floor retail
ATTRACTIONS13 Durham Yoga Company
14 Historic Durham Athletic Park
15 Durham Convention Center
16 Durham Performing Arts Center (DPAC)
17 Durham Bulls Athletic Park
18 American Tobacco Campus
19 American Tobacco Amphitheater
20 American Tobacco Future Campus
OFFICE, RESIDENTIAL & MIXED-USE21 Whetstone Apartments - 204 residential units
22West Village - 609 residential units and 104,000 SF office and retail space
23 Durham Innovation District (Durham ID)
24Liberty Warehouse Apartments - 264 residential units with ground floor retail
25One City Center - 139 residential units and over 130,000 SF of office space with ground floor retail
26555 Mangum - 400 residential units and 240,000 SF of Class A office and ground floor retail
27 The Mark at Durham One - 305 residential units
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FO
ST
ER
ST
RE
ET
BLACKWELL S
TREET
RO
XB
OR
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TR
EE
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147
147
PETTIGREW STREET
SITE PLAN
S T R EETPARK ING
ST
RE
ET
PA
RK
ING
STAIRS
STAIRSELEVATOR
STREET
PA
RK
ING
S T R E E T PA R K I N G
PARKING
ENTRAN
CE
PARKINGENTRANCE
W. MORGAN S
TREET
RIGSBEE AVENUE
E. CHAPEL H
ILL S
TREET
N. M
AN
GU
M S
TR
EE
T
E. SEMINARY AVENUE
FOSTER STREET
W. MORGAN STREET
W. MAIN STREET
PETTIGREW STREET
WILLARD STREET
SITE
FUTUREPHASE II
CITY HALL PLAZA
RAMSEUR STREET
DOWNTOWN DURHAM - SOUTH VIEW
3 DOWNTOWN DURHAM OFFICEWORKERS EAT OUT AN AVERAGE OF THREE TIMES EACH WEEK
100+
60+
18,5002,500DOWNTOWN
EMPLOYEES
RETAILSTORES
OFFICEOCC.RATE95
%
RESTAURANTSAND BARS
NEW RESIDENTS
300+STARTUPS
INVESTMENTSINCE 2000$1.7 BILLION
DOWNTOWN DURHAM BY THE NUMBERS
BEST CITIES FOR MILLENNIALS IN THE U.S. -Growella
#1
CITIES WHERE A PAYCHECK STRETCHES THE FARTHEST -Forbes
#3FOODIESTSMALL TOWN -Bon Appetite
#1
MOST EDUCATED CITIES IN NC -Yahoo Finance
#1TOP UP AND COMING TECH HOTSPOTS -Livability.Com
#4
AMERICA’S LEADING CREATIVE CLASS METROS- CityLab.Com
#1
AMERICA’S FASTEST
GROWING METRO AREAS- Forbes.Com
#2
BEST PLACES FOR BLACK OWNED BUSINESSES -NerdWallet
#5
DURHAM ACCOLADES
2018’S BEST LARGE CITIES TO START A BUSINESS -WalletHub.Com
#5
1001 WADE AVENUE, SUITE 300RALEIGH, NC 27605
919.782.5552WWW.TRADEMARKPROPERTIES.COM
ROSS DIACHENKOVice President
919.913.1686 (Direct)336.337.3162 (Mobile)
VIJAY K. SHAH, CCIMSenior Vice President919.645.1425 (Direct)919.812.0964 (Mobile)
The information contained herein was obtained from sources believed reliable; however, TradeMark Properties makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, changes of price or conditions prior to sale or lease, or withdrawal without notice.