Hassalo on Eighth Is Located in Portland’S Close-In Eastside, Lloyd Neighborhood Where the East Side Meets the Central City
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FULLY LEASED DAN BOZICH CHRIS SULLIVAN HASSALO KIA HARTLEY BRIAN GREELEY ON 10,329 SF (remaining) AMERICAN ASSETS TRUST 858.350.2584 503.228.3080 FULLY LEASED AMERICANASSETS.COM EIGHTH URBANWORKSREALESTATE.COM CURRENT RETAILERS INCLUDE: 657 GSF FOR-RENT HOUSING UNITS 592,616 GSF OF HOUSING 31,707 GSF OF RETAIL 26,000 GSF ANCHOR RETAIL TENANT 271,582 GSF OF OFFICE Aster & Velomor Building view from Plaza. 1,200 GSF PARKING STALLS, MOSTLY PROJECT UNDERGROUND SUSTAINABILITY LEED PLATINUM WITHIN AN OVERVIEW ECO-DISTRICT FRAMEWORK Hassalo on Eighth is located in Portland’s close-in Eastside, Lloyd neighborhood where the east side meets the central city. There is a gap in the urban grid where mid-century planning principals called for surface parking lots in lieu of dense, walkable communities. We are repairing this urban fabric with the creation of a mixed-use, dense development that creates a 24-hour neighborhood. Velomor view from NE Holladay We want people to make Hassalo their home, their office, and their playground. We want to invite families to live a more urban lifestyle by providing them the amenities and business they need. We want to invite young professionals to live in a dense, diverse, and transit-oriented neighborhood and entice the restaurants and retail stores that cater to their needs. And we want to invite people to live with 360 degree views of downtown, Mt. Hood, Forest Park, and the Willamette River. The development offers a variety of housing options and retail spaces that can cater to a wide range of people and businesses. We believe that Hassalo Aster Tower view looking northwest will become one of Portland’s most interesting and from the corner of NE 9th Ave. & NE successful neighborhoods to date. Holladay St. Elwood view from Plaza HASSALO ON EIGHTH | 2 PEARL DISTRICT BROADWAY BRIDGE STEEL BRIDGE BURNSIDE BRIDGE willamette river KAISER LEGACY PERMANENTE RESEARCH NE MLK JR BLVD CENTER LIBERTY NE GRAND AVE CENTRE LLOYD CENTER TOWER BPA FEDERAL COMPLEX HASSALO ON EIGHTH LLOYD CENTER US ARMY HOUSE OF CORPS BLUES H&M HOLLADAY WEST PARK MACY’S FOREVER 21 EXPRESS ROSS OLD NAVY PAYLESS SHOES HASSALO ON EIGHTH | 3 HASSALO SITE PLAN << NE MULTNOMAH ST >> 4,637 SF (DIVISIBLE) loading dock 10,329 SF REMAINING 143 RESIDENTIAL UNITS 5,692 SF (DIVISIBLE) >> AVE << NE 9TH << NE 7TH AVE >> AVE << NE 7TH FULLY LEASED FULLY LEASED 177 RESIDENTIAL UNITS 337 RESIDENTIAL UNITS << NE HOLLADAY ST >> HASSALO ON EIGHTH | 4 FLOOR PLAN | 1,335 SF 1,314 SF RETAIL 3 RETAIL 2 RETAIL 1,988 SF RETAIL 1 RETAIL loading dock << NE MULTNOMAH ST >> RETAIL 5 2,385 SF RETAIL 6 3,307 SF RETAIL 3 RETAIL 2 RETAIL 1 1,335 SF 1,314 SF 1,988 SF COMBINED 4,637 SF << NE 9TH AVE >> AVE << NE 9TH loading dock RETAIL 5 2,385 SF COMBINED 5,692 SF RETAIL 6 3,307 SF << NE HASSALO ST >> View of the Elwood HASSALO ON EIGHTH | 5 Aerial view looking southwest toward downtown. 9,000 700 100 DAILY OFFICE OCCUPANTS 92 101 BPA COMPLEX LIBERTY CENTRE 2,000 KAISER 1,200 PEOPLE 1,200 PEOPLE POPULATION LLOYD 700 STATE OFFICE BLDG 1,100 PEOPLE AND 1,160 PEOPLE OREGON SQUARE EMPLOYMENT 530 PEOPLE The Greater Portland area (including Multnomah, Washington, and Clackamas counties in Oregon, and Clark County in Washington) contains 2.2 million residents representing the largest metro area LLOYD CENTER TOWER in Oregon Aerialand the view second looking largest southwest in the Pacific toward Northwest,downtown. behind 700 100 1,800 PEOPLE Seattle. The region’s diversified economy is fueled by a broad 9,000 base of manufacturing, distribution, wholesale/retail trade, regional DAILY OFFICE OCCUPANTS 92 101 government, and business services. BPA COMPLEX .5 MI RADIUS 1.5 MI RADIUS 2 MI RADIUS LIBERTY CENTRE POPULATION 2,000 KAISER 1,200 PEOPLE RETAIL TRADE1,200 PEOPLE AREA Estimated Population (2017) 5,223 62,795 121,271 LLOYD 700 Projected Population (2022) 5,611 67,390 130,218 1,100 PEOPLE Trade Area Size STATE OFFICE BLDG 0.8 sq mi 7.1 sq mi 12.6 sq mi 1,160 PEOPLE The property’s strategic location in the Lloyd District allows it to take HOUSEHOLDS advantage of the areas robust tourist industry and convention center Estimated Households (2017) 3,099 33,694 64,067 traffic, daytime Lloyd District employees, as well as the local residential Projected Households (2022) 3,289 35,805 68,227 population. AVERAGE HOUSEHOLD INCOME (2017) OREGON SQUARE Estimated Average Household Income 530 PEOPLE$64,707 $88,319 $90,753 Income statistics for the immediate trade area validate the increasing MEDIAN HOUSEHOLD INCOME (2017) potential of the Property. The two-mile radius surrounding the site Estimated Median Household Income $57,757 $68,104 $69,208 highlights an estimated five-year population growth of 7.3% and an PER CAPITA INCOME (2017) average annual household income of approximately $90,000. The area boasts a highly educated resident base with over 35.7% of residents Estimate Average Household Net Worth $688,868 $992,034 $1,009,576 achieving a bachelor’s degree or higher. There are currently an estimated DAYTIME DEMOS (2017) 64,067 households within two miles of the Property, which is expected Total Businesses 1,181 12,223 17,444 to grow by 6.5% in the next five years. Detailed population and income Total Employees 19,606 144,857 199,299 statistics for the surrounding neighborhood are highlighted in the table Company Headquarter Employees 21.6% 14.2% 14% on the left. LLOYD CENTER TOWER White Collar Workers 72.4% 74% 75%` 1,800 PEOPLE EDUCATION ATTAINMENT (2017) Some College 19.6% 18.9% 18.9% Bachelor Degree 31.4% 35.1% 35.7% HASSALO ON EIGHTH | 6.