The Warehouse District in West Palm Beach is comprised of approximately 85,000 square of previously underutilized warehouse / industrial buildings in downtown being reimagined and redeveloped into a thriving destination with a synergistic combination of restaurant / entertainment, fitness and creative retail and office users. 1
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WHY WEST PALM BEACH? Impressive Eco / Demo Characteristics The old Florida story. Good weather, favorable tax environment, improving economy and high quality of life make South Florida a good long term place to invest. Burgeoning Tourism Trade Robust tourism trade in Palm Beach County. Palm Beach County had 7.35 million visitors in 2016, which is close to a 6% increase from 2015. A City on the Move Downtown development, high speed train, the Carefree Theater development, the Ballparks, Norton renovation. We view The Warehouse District as part of growing tide of development in the City. The Rise of the Creative Class Our qualitative analysis of the City of West Palm Beach uncovered there are a significant number of young, energetic and creative people living in the area. This growing creative community is supported by world class cultural institutions, including the Kravis Center, Norton, Four Arts, PBA, among others. No Creative Hub or Neighborhood Most mid and large size cities have a neighborhood that caters to the creative element (think Wynwood or Design District in Miami). It seems that a gap existed for this type of neighborhood to be organically cultivated. 3
WHY DOES OUR LOCATION WORK? Location, Location, Location Stones throw from Downtown, South Dixie Corridor, Palm Beach Island, Convention Center & Hotel, Cityplace, among others. Unique Real Estate Stock Old, historic warehouse buildings that offer a unique sense of architectural significance and charm are difficult to find in South Florida. Control the Vision Having 85,000 square feet under common ownership allows for a unified development vision and appropriate economies of scale. Accessibility Historic warehouse and distribution neighborhood means convenience to northern and southern population centers via Interstate 95. 4
CULTIVATED TENANT MIX We believe a cultivated and diverse mix of distinctive local entrepreneurs and businesses that are complementary and synergistic will create an authentic neighborhood unlike any in South Florida. Steam Horse Brewing Company West Palm Beach s first craft brewery and taproom. An artisan small batch brewery hand crafting all-natural, innovative ales and lagers while utilizing the highest quality ingredients possible. Grange Hall Food Market A chef-driven market hall and event space featuring 12 unique food vendors, flowers and home goods. Elizabeth Avenue Station A pop-up retail marketplace and creative-use facility. Comprised of carefully curated vendors, they also play host to an urban garden. Palm Beach Squash Club Palm Beach County s first premier boutique squash club featuring both singles and doubles courts. District WorkSpace A shared workspace that provides flexible work options for various users. Studios Etc. An exclusive and transformative fitness studio offering high-energy and motivating spin and barre classes. 5
LEADING CREATIVE URBAN DESIGN The Warehouse District Railway The Railway is a 700 lineal-foot former rail line that is being reimagined into an active pedestrian-centric walkway and gathering space. The Warehouse District Courtyard A simple urban courtyard designed to provide outdoor greenspace to neighborhood guests. Public Art Our Public Art program will ultimately include wall murals, large scale sculpture, landscape design and certain interactive art options. Our goal is not only to make The Warehouse District a regional artistic and cultural destination. Elizabeth Avenue Garden An urban garden nestled into our burgeoning neighborhood, operated by a local produce company. 6
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MUNICIPAL SUPPORT Permitting The City staff that been supportive of our project and has helped us navigate the required municipal regulations. Infrastructure Improvements Construction of street, sidewalk and drainage improvements around the block of The Warehouse District. This helps set the stage for private investment and improves pedestrian safety. Transportation Connectivity Assistance to ensure the project is well connected with the rest of the City through biking, bus trolleys, walking paths, etc. 8
CONTACT INFORMATION William Earl Office: (561) 228-8838 Mobile: (716) 471-1276 Email: wearl@johnstonecapital.com Website: www.thedistrictwpb.com Instagram: @warehousedistrictwpb