DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY

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DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
DINING   SHOPPING   FITNESS   ENTERTAINMENT   OFFICE   TECHNOLOGY
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
DEVELOPMENT OVERVIEW

Historic redevelopment of former 1,533’-long
  Produce Terminal Building, built in 1926.

  ~160,000 SF of retail shops, restaurants,
     a food-centric market and office

        340 surface parking spaces

    Targeting LEED Silver core and shell

        Improved pedestrian access

Contiguous public passageways at 17th and
        18th to the riverfront trail
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
JOIN THESE EXCEPTIONAL TENANTS
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
DEVELOPMENT OVERVIEW

 Historic redevelopment of 1921 structure

    Office space 100% leased to Aurora

21,400 SF available ground-level retail space

     Attached 229-stall parking facility

         LEED Silver core and shell

 New dock-level sidewalk, stair and ramps
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
“Silicon Strip”
 From
 Industrial
 to Innovative
 The industrial warehouse spaces and
 their proximity to several of Pittsburgh’s
 prestigious educational institutions
 such as Carnegie Mellon University has
 helped make the Strip District the ideal
 home to the regional headquarters of
 some of the world’s most innovative
 companies.

 The redevelopment of the Produce
 Terminal building is the most
 powerful symbol within the new
 “Silicon Strip.”

 Aurora Innovation has taken over
 100,000+ square feet at 1600
 Smallman. Their new space will be home
 to a cross-section of employees — from
 engineers and technical operations to
 recruiting and IT — and features a shop
 to house their vehicle fleet.
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
THE SILICON STRIP
“ Technology and tech startups are raging on in the Burgh and there
looks to be no end in sight with companies like Apple, Google, Disney
       and Uber staking their claim in the City of Champions.”

                                   NOTABLE TECHNOLOGY NEIGHBORS
                                       Distance from McCaffery’s Strip District developments

   52,000 SF          102,963 SF                        83,000 SF                             80,000 SF     32,000 SF
 REGIONAL OFFICE        OFFICE                    TECHNOLOGY CENTER                            OFFICE        OFFICE
      0.5 mi            150 feet                        1.2 mi                                 0.3 mi        0.4 mi

   45,000 SF           51,667 SF                        23,850 SF                         104,000 SF      60 EMPLOYEES
  HEADQUARTERS     TECHNOLOGY CENTER                      OFFICE                        HEADQUARTERS         OFFICE
      0.3 mi             0.5 mi                           0.2 mi                       AT 1600 SMALLMAN      0.5 mi

                                                                                                              Source: PittsburghRealEstateTeam.com, October 2015.
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
CITY OF CHAMPIONS
                           Pittsburgh is...

 #3 Metro Area for                #1 City for                 #2 City for Software
STEM Professionals               Finding a Job                    Developers
   (Wallethub, 2019)             (Glassdoor, 2018)              (LiveCareer.com, 2018)

                                                                  #3 on National
  #4 Best Places            #1 City that Appeals
                                                                   Geographic’s
     to Travel                 to Millennials
                                                                  “The Cool List”
 (Harper’s Bazaar, 2017)     (ApartmentList.com 2018)
                                                              (natgeotraveller.co.uk, 2019)

      One of the                One of the                           A Top City
Top 25 College Towns         Most Livable Cities                   for Employee
    in the Nation              in the World                         Satisfaction
   (Wallethub, 2019)       (Global Liveability Index, 2018)            (inc.com)
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
COLLEGE TOWN, U.S.A.
Pittsburgh is one of the truly great college towns in America.
   In fact, more than 30% of the population is made up of
               college and university students!

  100,000 students are enrolled within 10 miles of the Strip District

  28,649 students                    12,569 students                     10,364 students                    1,897 students
   2.3 miles away                     4.7 miles away                      1.5 miles away                    2.6 miles away

                    3,827 students                     18,913 students                     2,300 students
                    2.9 miles away                      2.8 miles away                     4.6 miles away

                                                                                                                             Source: CBS2 Pittsburgh, January 22, 2019
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
Location
                                                                                           Lawrenceville

       Perry South                                                                                           CHILDREN’S
                                                                                                             HOSPITAL OF
                                                                                                             PITTSBURGH
                                                                                                                UPMC
                                  D.L.L.
                                 CONVEN.
                                 CENTER                Troy Hill                                                          Bloomfield

                     PNC
                                484K
                                 VISITORS
 Old Allegheny       PARK
                                                                                 Polish Hill
                 2.5M                       HEINZ
                                           HISTORY
     HEINZ         VISITORS
                                           CENTER
     FIELD
                                                               Strip District
   1.1M                                293K
                                        VISITORS                                               Upper Hill
    VISITORS                                                                                                                      Shadyside

                                                                                           UNIVERSITY OF
                                                        Hill District                       PITTSBURGH
                                                                                           35,000 STUDENTS
                                                                                                                            CARNEGIE
                                                                                                                             MELLON
                                                                          DAYTIME
DOWNTOWN                      Downtown CBD                                                                                 UNIVERSITY
                                                                         POPULATION
PERF. ARTS                                                                                                                14,000 STUDENTS

 1.5M
  VISITORS
                                                                        61,200
                                            DUQUESNE                      ONE MILE
                                            UNIVERSITY       Uptown        RADIUS
                                            9,500 STUDENTS

Duquesne Heights
                            DOWNTOWN             PPG
                             MUSEUMS            ARENA
                            1.6M
                            VISITORS         1.4M
                                                                        South Side Flats
                                              VISITORS
                                                                                                                  Four Mile Run

                                                                                                                    Source: 2016, 2019 State of Downtown Pittsburgh, Esri 2020
DINING SHOPPING FITNESS ENTERTAINMENT OFFICE TECHNOLOGY
SUBMARKET DEVELOPMENTS

One Waterfront Place                           q         The District                                                       w                Edge 1909                                                                  e           Helm on Allegheny                                                               r           Cork Factory Lofts                                              t           Riverfront West                                                           y               Riverfront East                              u

                                                                                                                                                                                                                                                                                                                                                                         DEVELOPED BY

200,000 SF Office                                         442 Apartments - delivered 2021                                                      364 Apartments - delivered 2018                                                        219 Apartments - delivered 2021                                                             297 Apartments - delivered 2006                                             107,000 SF Office - delivered 2018                                                          110,000 SF Office - delivered 2017

The Yards      DEVELOPMENT CONSULTING BY
                                            i            The Stacks                                                        o                 Hopper Place                                                               a           Vision on 15th                                                                  s          District 15                                                      d           Lot 24                                                                    f               2501 Smallman                                g

                                                                                                                                                                                                                                                                                                                                                                                                                               31st
                                                                                                                                                                                                                                                                                                                                                                                                                                                               DEVELOPED BY

                                                                                                                                                                                                                                                                                                                                                                                                                                    St
                                                                                                                                                                                                                                                                                                                                                                                                                                     Brid
                                                                                                                                                                                                                                                                                                                                                                                                                                         ge
300 Apartments - delivered 2016                          56,000 SF Office - delivered 2020                                                     145,000 Office - due 2022                                                               225,000 SF Office - due 2022                                                                 105,000 SF Office - delivered 2018                                              96 Apartments - delivered 2012                                                            52,000 SF Office - delivered 2016

                                                                                                                                                                                                          Allegheny River
                                                                                                                  16th St Bridge

                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Uber
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               110,000 SF
                                                                                                                                                                                                                                                                                                                                                                          o         a

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            33rd St
                                                                                                                                                                                                                                                                                                                                                                                                                                                                     32nd St
                                                                                                                                                                                                                                                                                                                                                                                                                                              31st St
                                                                                                                                                                                                                                                                                                                                                                                                                                                        31st

                                                                                                                                                                                                                                                                                                                                                                                      29th St
                                                                                                                                                                                                                                                                                              y u                               i                                            Hopper

                                                                                                                                                                                                                                                                                                                                      27th St
                                                                                                                                                                                                                                      r                     t                                                                                            The Stacks                                                                                     Street

                                                                                                                                                                                                                                                                                                          26th St
 484K                                                                                                                                                                                                                                                                                                                                                                         Place

                                                                                                                                                                                                                                                                                 25th St
                                                                                                                                                                                                                                                                24th St
                                                                                                                                                                                                          e                                                                                                                                                                                                                                             Studios

                                                                                                                                                                                                                                            23rd St
                                                                                                                                                                                                                                                      Cork
                                                                                                                                                    w                                                                                                                                              Riv.             The Yards
                                                                                                                                                                                                              21st St
 Annual                                                                                                                                                                                                                                                                                     Riv.
                                                                                                                                                                                                                        Consumer’s Helm
                                                                     q                                                                                                                                                         3                                                                   East

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   2@
 Visitors                                                                                                                                                                                                                                             Factory                               West
                                                                                                                                    The District               The District                Edge 1909                    Produce                                                                                                                                                                                                                                                                                                             e St
                                              One Waterfront                                                                                                                                                                                          Lofts
                                                                                                                                                                                                                                                                                                                                                               j                                                                                                                                                                       rlott
                                                                         14th St

                                                                                                                                                                                                                                                                                                                                                Railroad St
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      3213 Penn Ave                 Cha

                                                                                                                                                                                                                                                                                                                                                                                                                30th St
                                              Place                                                                                                                                                                                                                                                                                                                                                                       Crucible
                                                                                                                                                                                                                             Railroad St
                                                                                                                                                                                                                                                                                f                                                                The Hive

                                                                                                                                                                                                                                                                                                                                                               28th St
                                                                                                                                                                      Waterfront Pl                                                                                       Lot
                                                                                                                                                                                                                                                      Cork                                                              The Hub                                                                                           Building
                                                                                                                                                                                                                                                                                           2501                                                 Spruce Way
                                                                                                                                        Strip Distict Brownstones 46 Townhomes                                                                                            24                                                                                                                                                                                                                                                                     er S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     t
                                                                                             s                d                                                                                                                                       Factory                                      2555                 590 Parking
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Butl
                                                                                             15th St

                                                                                   Vision
                                                                                   on 15th
                                                                                                       District
                                                                                                       15
                                                                                                                                                                                                                                                      Garage
                                                                                                                                                                                                                                                                                ^ Condos
                                                                                                                                                                                                                                                                                38
                                                                                                                                                                                                                                                                                              g           h             Stalls
                                                                                                                                                                                                                                                                                                                                                Smallman St                                                31st St. Lofts >                             Uber 53,000 SF
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   2@
                                                                                                                                                                                                                                                                                                                                                                              2926 Smallman >              14 Apartments
                                                                                                                                                              Smallman St                                                                                Otto Milk >
                                                                                                                                                                                                                                                                                                     < 2500 Smallman
                                                                                                                                                                                                                                                                                                       11 Condos ($1M-$3.4M)                    Mulberry Way
                                                                                                                                                                                                                                                                                                                                                                              89 Apartments                                                   Brass Building >                    2!
                                       k                                                     l                    ;                                                                                                                                      58 Condos
                                                                                                                                                                                                                                                                                                                                 2)                                                                                                           14 Apartments
                                                           13th St
                                           12th St

                                                                                                                                                                                                                                                                                                                          Forte
                                                                                                                                                    17th St

                                                                                                                                                                            18th St

                                                                                                                                                                                      19th St

                                                                                                                                                                                                20th St
                           St

                                                                                                       Wholey’s                                                                                                                                                                                                          Condos                                                                                                                                                                                                                Pe
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 nn
                      11th

                                                                                                                                     Mulberry Way
                                                                                                       Building                                                                                                                                                                                                                                  Penn Ave                                                                                                                                                                                           Av
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      e
                                                                                                                          16th St

                                                                                                                                       1627
                                                                                                                                    72 Apartments             Penn Ave                                                                     Penn 23 >                                                                                             Spring Way
                                                           237K                                                                                                                                                                            21 Condos
                                                          Annual
                                                          Visitors                                                                  Spring Way                                                                                                            Brake House Lofts >                                                                    Liberty Ave
                                                                                                                                                                                                                                                          15 Apartments
                                                                                                                                    Liberty Ave                                                                                                                                                                                                                                                                                                                                                       114 Apartments - due 2022
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77,500 SF Office - delivered 2016                          600 Parking Stalls - due 2022                                                       131 Keys - delivered 2018                                                             150 Keys - delivered 2016                                                                  520,000 SF Office - underway                                                    50 Condos - due 2022                                                                      21 Condos - due 2022

                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Bigelow
                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Blvd

                                         COMMERICAL / OFFICE / HOTEL                                                                                                                                               RESIDENTIAL
Where
Old School
Is New
School
From industrial epicenter to historic
market district, The Strip District has
seen it all. That’s why so many say
the plucky, half-mile long stretch of
land between the Allegheny River, the
Hill District and 11th and 33rd Streets
“encompasses everything Pittsburgh
stands and is known for.”*

Today, old and new blend together to
create a truly authentic and one-of-a-
kind Pittsburgh experience. The still-
standing industrial warehouses now
function as food markets and coffee
shops, offices and innovation hubs,
art centers and ethnic restaurants,
antique dealers and fashion
boutiques. From morning commuters
to nightlife revelers, the Strip District
offers something for everyone.

                                  Source: www.nextpittsburgh.com
● Real Luck Cafe

                                                                                                                                    1501 PENN
                                                                                                                                                                                                                                      DISTRICT 15

                                                                                                                                   2024 Delivery
                                                                                                                                (550,000 SF Office)
                                                                                                                                                                                                                                   (105,000 SF Office)
              16tht st                                                                                                                                                                                                                                                                                             16tht st BRIDGE

                        ORCHARD HILL CHURCH

                                                                             ● Maiku Sushi

                                                                             ● Gene Sane's
                                                                               Interior Design
                Home Decor ●
                Liquidators
                                                                                                                                                                                                                                                                                                                                                                                                           ● Shopping

                                                                             ● Lotus Food
                                                                               Company

              17th st
                                                                                                                                                                                                                                                                                                                            (443 Apartments)

                                                                             ● Wholey's
                                                 1700 Penn ●
                                                                             ● Andy's
                                                                               Sushi Bar
                                                                                                                                                                                                                                                                                                                      RIVERFRONT LANDING PHASE II

                                                                                                                                         Antiques
                                                                             ● Mancini’s Bread Co.

                                                                                                                                       ● Mahla & Co
                                                                             ● Prestogeorge
                                                                                                                                                                                                                                                                                                                                                                                                           ● Booze/Entertainment

                                                                               Coffee & Tea     Numismatic ●
                                                                             ● Peppi's             Rarities
                                                                             ● In The Kitchen
                                                                             ● Labad’s Cafe
                                                                                                                                                                                                                                                                                                                                                                                                           ● Dining

                                Parma Sausage ●                                & Grocery
                                                                             ● Penzey's
                                                                               Spices
                                                  Schorin Co ●               ● Sambok Korean

                                                                                                                                                                     Jo-Mar Provisions ●
                                                     Yinzer’s ●                Grocery
                                                                              18th st
              Y&Q Home Plus ●                                                ● BA Trading
                                                          Schorin ●
                                                                                                                                                                                                                                                                                                                                                                                                           ● Purveyor / Grocery

                                                                                                                                                                                                                                                                             (46 Townhomes)

                                                                  PENN AVE

LIBERTY AVE
                                                                                                                                                                                           SMALLMAN ST

                                         Pgh P Sports ●
                                                                                                                                                                                                                                                                      STRIP DISTRICT BROWNSTONES

                                                                             ● Market Outlet
                                                                                                                                                                     Iron Born ●

                                                                                                         Primanti Bros. ● Jthn. Moran ●
                                                                                                                        East End Brewery ●
                                                                                                                            The Olive Tap ●

                                                                              19th st
                            Roland's Seafood ●
                                         Grill                               ● Jimmy & Nino                                                              Cake ●
                                                                                                                                                                                                                                                                                                                                                                                                           ● Coffee Shop

                                                                               Sunseri Co
                               Little Bangkok ●
                                                                             ● Penn Avenue
                                    General Merch ●                            Pottery
                                           Outlet
                                                                                                                                                                                                                                                                                                                                                                                                           ● Bank

                                                                             ● Black and Gold
                                                 Bella Notte ●                 Forever                                                                   Cavo ●
              20th st
                                                                             ● Artisan Market             Kaya ●
                                                                                                                                                                                                                                                                                                                                EDGE 1909

                    Pennsylvania Macaroni Co. ●                              ● Allegheny Coffee Atelier de Fer ●
                                                                                                                                                                                                                                                                                                                             (364 Apartments)

                                                                                                                                                                                                                                                                                                   waterfront pl

                                                                             ● Café Raymond Edlis Beauty/ ●
                                                                             ● My Sweet Lily Barber Supply
                                  Stamoolis Bros ●                           ● DeLuca's
                                                                                                R Wine Cellar ●
                                                                             ● Lucy's
                                   Enrico Biscotti ●                                           Salty Pork Bits ●
                                                                                                                                                                                                                                                                                                                                                                                                                                   NOTABLE NEIGHBORS

                                                                             ● Lefty's
                                                                             ● PNC
                                                                                                                                                                                                                                                                                                                                                                                                           allegheny river

                                                    WesBanco ●               ● Reyna Foods
              21st st
                                                                             ● Steel City
                                                                               Salt
                                                                             ● Mon
                                                                                          Latino
                                                                                                                                                                 Little Donuts

                                                                               Aimee
                                                                                        ● Chicken
                                                                                                                                                               ● Peace, Love &

                                   Espresso
                                ● La Prima
                                                                                                             ● Pamela's Diner

                                 Alaskan Grill

                                ● Pittsburgh

                                                                             ● PA Libations
                                   Popcorn Co
                                Luke Wholey's ●

                                                                             ● Sam's in the Strip
                                       Pho Van ●                             ● Roxanne's
                                                                             ● The Beerhive
                                                                                                                                                                                                                                                                                                                                                            ● CFP Winemakers

                                          Loom ●
                                 Grandpa Joe's ●                             ● Strip District Meats
                                                                                                                                                                                                         SMAL

                                                                                                                                       ST. STANISLAUS CHURCH

                                House of Candy                               ● Art of Steel
                                                                                                                                                                                                                                                                                                                                 ● Consumer Fresh Produce

                                 Hot Haute Hot ●                             ● Yinzer’s
              22nd st
                                                                                                                                                                                                          LMAN
                                                                                                                                                                                                                                                                                                   railroad st

                                                                             ● Penn Animal
                                                                                                                                                                                                                                                   Development details TBD

                                                         S&D Deli ●
                                                                                                                                                                                                            ST
                                                                                                                                                                                                                                                                             BRICKWORKS

                                                                               Hospital
                                                                  PENN AVE
                                                                                                                                                                                                                                                                                                                                                                               ● Pittsburgh Cruise Lines

                                                                                                                                                                                                                 Up to 500 public parking spaces

LIBERTY AVE

                                                         Penn Ave ●
                                                             Fish
                                         ● Leaf & Bean

                                                    Bar Marco ●
                            spring way
                                                                                                                                                                                                                                                                                                                     units)

                                                                                              mulberry way
                                                                                                                                                                                                                                                                                                                    HELM ON

                                                                                                                                                                                                                                                                                                                   (220 micro
                                                                                                                                                                                                                                                                                                                   ALLEGHENY

              23rd st
                            WFH Oriental Mkt ●                                                                                                                                                                                                                                   Cioppino ●

                                                                                                                                                                                                                                                       Osteria 2350 ●
                                                                                                                                                                                                                                                                                                                               (297 apartments)
                                                                                                                                                                                                                                                                                                                             CORK FACTORY LOFTS

                                                                              ● Mullaney's
                                                                                Harp & Fiddle                                                                               Kelly O's Diner ●                    ● Salon Sola
                                                                                                                                                                                                                    Meraki Studio ●
              24th st
                                                                                                                                                                                                                 ● Wigle Whiskey
EXCEPTIONAL ACCESSIBILITY

BY CAR
4 minutes     Downtown Pittsburgh
4 minutes     Lawrenceville
5 minutes     PNC Park
5 minutes     Heinz Field
8 minutes     University of Pittsburgh
8 minutes     Duquesne University
11 minutes    Carnegie Mellon University

PARKING
323 spaces       To adjoin development
427 spaces       Cork Factory Garage
575 spaces       The Hub at 3 Crossings
+ 5 public surface parking lots within ½ mile

BY BIKE
Three Rivers Heritage Trail Access
100 bike stalls at The Hub at 3 Crossings                                         54

Healthy Ride Pittsburgh Station on-site                                           BUS
                                                                                      88
10 blocks of protected bike lanes along Penn Ave.                                54
                                                                                           54

                                                                     54
                                                                           54

                                                                                 BUS       BUS
                                                                     BUS   BUS              91
                                                                            86    87
                                                                      54
BY BUS
The 54, 86, 87, 88, and 91 travel through the Strip
District with stops on Liberty and/or Penn Avenue.

BY FOOT
The Strip District Terminal and 1600 Smallman are at the
center of the Strip District’s colorful entertainment district,
just steps from its eclectic food purveyors, hip galleries,
hot eateries, and trendy breweries and distilleries.
$
    140,658
AVERAGE HOUSEHOLD INCOME IN STRIP DISTRICT

$
   100,058
AVERAGE DISPOSABLE INCOME IN STRIP DISTRICT

                                                        42.1%
                                              RESIDENTS WITH BACHELOR’S DEGREES IN STRIP DISTRICT

                                                $
                                                    504,054
                                                     AVERAGE HOME VALUE IN STRIP DISTRICT

                                                                                                     Data Note: Income is expressed in current dollars.
                                                                      Source: U.S. Census Bureau, Census 2020 Summary File 1. Esri forecasts for 2022..
SITE PLAN
                                                                                                                        THE TERMINAL

       PHASE 1                                                                                    PHASE 2                                     PHASE 3                                      PHASE 4

                                                                                                                                                                                                     14,000 RSF
                                                                                                                                                                              Mike Chen/

                                                                                                                                                        2,353 SF
                                                                                                                                                                                                       OFFICE

                                                                                                                                   2,353 SF
                                                                                       2,347 SF
                                                                                                                                                                               Alex Tang

                                                                                                             1,943 SF
                               3,228 SF

                                                                                                  2,344 SF
                                                                                                                                                                                                     (Second Level)

                                                                                                                                                                   1,877 SF
                                                               city grows
                                                    3,253 SF

                 TBA                                                                                                                                                           Food Hall
                                                                            5,500 SF

SIGNED LEASE     LEASE NEGOTIATIONS       LOI NEGOTIATIONS
BUILDING SECTION
    THE TERMINAL

                                3'-9"       15'
                   SCALE:
                            0       7'-6"         30'
SITE PLAN
                                                       1600 SMALLMAN

                                                                  1,600 SF

                                                       6,457 SF              3,597 SF   5,137 SF

SIGNED LEASE   LEASE NEGOTIATIONS   LOI NEGOTIATIONS
BRING YOUR BUSINESS TO PITTSBURGH’S
   MOST authentic NEIGHBORHOOD

                             THE

        RETAIL LEASING:                 OFFICE LEASING:

      ROSS MODJESKA                    JASON STEWART
        312-784-2758                     412-208-1402
 rmodjeska@mccafferyinc.com         jason.stewart@am.jll.com
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