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222 S Hope St 6,496 SF of 4-Star Retail Space Available in Los Angeles, CA 90012
HIGHLIGHTS
- Heavy foot traffic Tuesday through Sunday
- Thoughtful blend of metal and natural materials
- Natural light and located on the plaza adjacent to The Broad
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,496 SF | 5 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Otium opened in 2015 led by Chef Timothy Hollingsworth, a James Beard and three Michelin star awarded chef. A modern American restaurant known for its vibrant, open kitchen and sleek, industrial-chic design (designed by Osvaldo Maiozzi) with a menu focused on seasonal ingredients and globally inspired flavors. This ~5,500 square foot space is now available for a new food and beverage tenant to breathe life in the space as both a museum dining experience and culinary destination in downtown LA.
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- High Ceilings
- Hardwood Floors
- Smoke Detector
- A rare turn-key opportunity
- In the heart of Downtown Los Angeles
- Beautifully designed, high-end space
- Soaring ceilings, expansive glass walls
- Custom fixtures, and a fully built-out kitchen
- Next to The Broad Museum
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,496 SF | Gross Leasable Area | 6,496 SF |
| Property Type | Retail | Year Built | 2015 |
| Total Space Available | 6,496 SF |
| Property Type | Retail |
| Gross Leasable Area | 6,496 SF |
| Year Built | 2015 |
ABOUT THE PROPERTY
Step into a rare turn-key opportunity in the heart of Downtown Los Angeles, formerly home to the acclaimed Otium restaurant. This beautifully designed, high-end space seamlessly blends modern sophistication with warm, natural elements. Featuring soaring ceilings, expansive glass walls, custom fixtures, and a fully built-out kitchen, the space is ideal for an elevated dining concept or upscale event venue. Positioned next to The Broad Museum and across from the Walt Disney Concert Hall, this landmark location offers unmatched foot traffic, visibility, and prestige. Don’t miss the chance to bring your vision to life in one of LA’s most architecturally stunning and ready-to-operate restaurant spaces.
- Freeway Visibility
- Restaurant
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
The Broad
222 S Hope St
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