SALE CENTRAL EASTSIDE LAND | 22,030 SF
NE DAVIS ST AVE AVE rd nd NE COUCH ST NE 3 NE 2 NE MLK BLVD NE MLK NE GRAND AVE NE GRAND
E BURNSIDE
SE ANKENY ST
SE ASH ST
206 NE MLK / 203 NE GRAND HALF BLOCK FOR SALE
CHARLOTTE LARSON | 503.228.3080 WWW.URBANWORKSREALESTATE.COM 206 NE MLK / 203 NE GRAND
206 203
PARCEL MAP
ADDRESS | 206 NE MLK ADDRESS | 203 NE GRAND URBAN RENEWAL | CENTRAL EASTSIDE | LOT | 13,030 SF LOT | 9,000 SF FAR | 9 TO 1 | ZONING | EXd PLAN DISTRICT | CENTRAL CITY ALLOWABLE HEIGHT | 200 FT |
SUMMARY This half block for sale in the Central Eastside consists of 2 tax lots facing NE Davis with frontage on NE MLK and NE Grand. Well positioned for a variety of uses, this site is surrounded by a flourishing mix of office, retail, and housing. With the new Convention Center Hotel just blocks to the north, and the nexus of cool, renovated warehouse projects and new mixed-use apartments/commercial projects immediately to the south, this corner property provides an excellent development opportunity in Portland’s Central Eastside RECENT DEVELOPMENT
FAIR-HAIRED DUMBELL AURA BURNSIDE SLATE
YARDDESCRIPTION of 3rd EASTSIDE EXCHANGE LOWER BURNSIDE LOFTS
206 NE MLK / 203 NE GRAND | 2
BURNSIDE BRIDGEHEAD N SITE 1 4
5
2
VIEW FROM BURNSIDE BRIDGE LU 16-285161 DZM AD 22APP. 6 5 MLK | PORTLAND, OR 24 FEBRUARY 2017 8© 2017 G|R|E|C Architects, LLC G10|R|E|C Architects VIEW FROM BURNSIDE BRIDGE LU 16-285161 DZM AD 22APP. 5 MLK | PORTLAND, OR 24 FEBRUARY 2017 © 2017 G|R|E|C Architects, LLC G|R|E|C Architects
3 7 9 11
Once a busy warehouse and manufacturing district, this neighborhood has transformed in recent years into the epicenter of Portland’s art and design scene. The Central Eastside’s daytime population continues to grow as new office developments take flight. A variety of enterprises makes the area one of the city’s largest employment districts and employs more than any other district in the Central City outside of the downtown core. Industrial uses and creative businesses sit side-by-side, as the area becomes an emerging location for cross-industry exchange, from film and digital enterprises to food, creative services and craft industries.
1. STARK’S WAREHOUSE 5. FAIR HAIRED DUMBBELL 9. TOWNE STORAGE Open Fall 2017 Winter 2018 Renovation Dev. By: Guerrilla Development Dev. By: Sentinel Retail: 10,000 SF Office & Retail: 56,000 SF Office & Retail: 100,000 SF Retail: 6,077 SF Retail: 2,667 SF 2. THE SLATE Parking: 24 STALLS Parking: 50 Stalls Open Dev. By: Beam & Ud+P 6. SIDEYARD 10. ELEMENT 78 Office & Retail: 100,000 SF Open Fall 2017 Retail: 7,841 SF Dev. By: Key Development & Dev. By: Bridge Housing Apartments: 150 Units Guardian Real Estate Apartments & Retail: 282,000 SF Parking: 42 Stalls Office & Retail: 21,151 SF Retail: SF Tbd Retail: 7,645 SF Apartments: 300 Units 3. EASTSIDE EXCHANGE Parking: 132 Stalls Open 7. YARD Dev. By: Beam Open 11. SHLEIFER WAREHOUSE Office: 100,000 SF Dev. By: Key Development & Spring 2018 Parking: 122 Stalls Guardian Real Estate Dev. By: BEAM & UD+P Office & Retail: 19,709 Sf Offices & Retail: Approx. 40,000 SF 4. THE AURA BURNSIDE Retail: 6,702 SF Retail: SF Tbd Fall 2017 Apartments: 284 Units Dev. By: Trinsic Parking: 200 Stalls Apartments & Retail: 100,000 SF Retail: 10,123 SF 8. 5 MLK Apartments: 167 Units TBD Parking: 62 Stalls Dev. By: Gerding Edlen Apartments & Retail: 126,000 SF Retail: 14,000 SF
206 NE MLK / 203 NE GRAND | 3 AREA TRANSISite Circulation - TPublic and Recreational SiteSite Circulation Circulation - -Public Public and and Recreational Recreational
Site Circulation - Public and Recreational
NE GRAND AVE NE EVERETT PORTLAND STREETCAR 27,000 DAILY • $148 million dollar project SITE • 28 new stops • 3.5 million riders per year NE DAVIS • 3.3 mile extension NE MLK BLVD connecting the west side 19,000 DAILY
NE COUCH
E BURNSIDE
SE ANKENY
SE ASH
TH
TH
RD SE 6
ND
SE 7
SE 3 BUS
SE 2 SE MLK
SE GRAND PEDESSETRIAN PINE
STREETCAR
BICYCLE
THE NEXUS OF THE CITY At the geographic center of the city grid, the Burnside Bridge is a key connector between the east and west sides of the central city, a community at the major center of urban life and commerce. 206 NE MLK / 203 NE Grand is poised to capitalize on its location at the nexus of major vehicular, streetcar, bus, bicycle and pedestrian transit nodes. New stops at MLK Blvd and Grand Ave near the site provide immense opportunities for ground level retail or restaurant tenant exposure.
206 NE MLK / 203 NE GRAND | 4 AREA RETAIL & DEMOS
.25 MILES .5 MILES 1 MILE 2017 POPULATION 703 2,211 22,951 TOTAL EMPLOYEES 4,072 14,725 90,115 TOTAL BUSINESSES 433 1,298 7,519 MEDIAN HH INCOME $41,485 $39,339 $46,344 MEDIAN AGE 32.8 33.8 36.6 SOME COLLEGE 82.8% 73.5% 81.1% NONG’S KHAO MAN GAI
SIZZLE PIE RONTOMS
BURNSIDE BREWING
CUP & BAR COFFEE PORTLAND ROCK GYM
206 NE MLK / 203 NE GRAND | 5 NOODLE HOUSE FRANK’S UMI SUSHI VILLAGE INN UPRIGHT TASTE OF BANGKOK PARKING BREWING VERIZON FED EX
WILLAMETTE VALVOLINE DENTAL 7-11 MCDONALD’S CHIPOTLE PARKING PARKING BURGER KING SHILO STARBUCKS AREA RETAIL CROWNE PLAZA INN
PARKING WENDY’S
COURTYARD MARRIOTT Food and Drink BLVD KITCHEN MEMORIAL COLLISEUM EDWARD JONES PASSAGE BOOKSHOP QUALITY INN Retail MODA CENTER LEGACY SUBWAY STANFORDS POINT WEST CAFE 700 ORANGE Hotel THEORY RED ROBIN ZEBRA GREEN CU DR. JACK’S Service BURGERVILLE DENNY’S
HEART LITTLE BIG BURGER
STARBUCKS BAR GARDEN CITIZEN YUMM PIZZA
BAKER CAFE CONVENTION CENTER HOTEL ALTABIRA (COMING SOON) HOTEL J CAFE EASTLUND CITY COFFEE MOTEL 6 FIRSTCU TECH FARMERS MARKET LLOYD
UNION STATION
LAND ROVER OREGON CONVENTION CENTER PACIFIC CONTINENTAL
TAO EVENT TABLE 6 CENTER
THE PIXIE PROJECT STARBUCKS SPIRIT OF 77
HARVEY’S COMEDY CLUB PARK KITCHEN DUTCH BROS BANK OF PINTS THE WEST TAO OF TEA HONG DEN LAN SU STAG PDX CHINESE JOHN’S CAFE GARDEN GOLDEN HORSE
SEAFOOD THE FOX & HOUNDS BRIDGETOWN BAGEL CO. NORTH MING LOUNGE
PENDLETON RAINBOW ROOM PARK HOUSE RISTRETTO ROASTER CAL SKATE OF LOUIE BLOCKS SITE CUP & BAR RED ROBE TEA HOUSE MATTRESS GARDEN BAR VACUUM WORLD SISTERS OF GROUND OLD TOWN PIZZA STARKS THE ROAD CAFE CONTROL
INDEX PDX BURNSIDE BREWING
THE BARREL ROOM GRENDEL’S COFFEE KIRIKO MADE OLD TOWN GROCERY REDUX BOUTIQUE SEVEN SISTERS MI MERO THE PLANK UPPER SHAKE DIXIE TAVERN OREGON LEATHER TRIO CLUB
MOLE HATTIE’S PLAYGROUND MAY WL SUSHI SILVER CHARLIE’S BLACK BOOK MODO ICHIBAN DOLLAR II CHEN’S HELEN’S ROSELAND GOOD TASTE TUBE MARKET THEATER BOWL THE WHOLE AUTO PARTS PHYSI-BERRY TUGBOAT DANTE’S BAR O’REILLY SANTERIA FIFTEEN XV SUBARU WENTWORTH PLAID PANTRY MIRAKITEI MACHU’S RONTOMS NONG’S ROCK N’ ROSE SIZZLE PIE & VERNE WELLS THE WURST LE PIGEON JUPITER HOTEL DOUG FIR LOUNGE HOUSE CHINESE TEA BAILEY’SBREWING TAPROOM THAI CHAMPA PORTLAND CITY GRILLTACO VOODOO SHANGHAI JR’S ON BROADWAY LAND TUNNEL BAR U.S. OUTDOOR LITTLE BIRD REAL TASTE DOUGHNUT BISTRO OF INDIA DISTRICT DAN & LOUIS SAUCEBOX ASH STREET OYSTER BAR SALOON THIRSTY LION MANDARIN HOUSE EMBASSYSTUMPTOWN THE BENSON BUNK TIGER EXPRESS SUITES STARBUCKS SIMPLE. LOCAL. COFFEE E-SAN THAI KELL’S LA JAROCHA BIJOU CAFE POLLO U.S. BANK THE ORIGINAL BRAVO DINERANT MARUKEN LECHON RAMEN STARBUCKS MAIPHAI COURTYARD HOTEL LUCIA MARRIOTT THAI RISTORANTEPAZZO IMPERIAL DOWNTOWN CAPTAIN KEYBANK GROCERY ANKENY HOTEL VINTAGE PORTLAND CLUB ROUGE OUTDOOR PEET’S STARBUCKS STRAIGHT TO WAYFINDER BEER COFFEE THE POINT ROCK & ROLL OFFICE NICHOLAS CHILI PIT MILLER T.J. MAXX HUBER’S AL-AMIR HOT ROD DEPOT PAINT ANDY & BAX
CHASE BANK AUTO COAST OFFICE & CUSTOM CAR SUPPLY SPORTING GOODS RITE CASEY’S MOTHER’S GROUNDWORK DEPOT CANTING DANWEI AID HOTEL COFFEE CO. SUPPLY ROCKET MONACO KELLY’S PORTLAND BISTRO PRODUCE THE LOVECRAFT BAR FIZZ LUGGAGE ROW CAFE GREEN LEAF COOPERS HALL BREWING BASECAMP RED STAR OLYMPIAN 2ND AVENUE TOM MCCALL WATERFRONT PARK PHO GREEN KOJI OSAKAYA MAMA MIA SHERIDAN’S JUICING TAVERN KARAM RECORDS MARKET PAPAYA VERIZON AROY THAI TRATTORIA NEXT
PROVISIONS APRISA ADVENTURE
FRESHII OLYMPIA PETRA KILLER BURGER SLOW BAR
THE NINES THE SIDE URBAN GARDEN BAR ECLIPSE BARISTA DOOR CRUST THE UPPER FARMER TAVERN THE SLAMMER STARBUCKS DEPARTURE JOY POKE ART WORK REBELS STARBUCKS PIONEER FEDEX TAQUERIA FRESH ROLL NUEVE SQUARE NIKE RUM CLUB BUFFALO THE FRIED WILD WINGS ONION PORTLAND NORDSTROM WINE BAR RACK TEAMAKER STEVE SMITH LOUIS VUITTON POTBELLY STORAGE CO. ROBO TACO ROSS BANK OF AMERICA TARAD THAI PORTLAND MONTAGE LE BISTRO
PORTO TERRA STAR BAR PIONEER PLACEH&M PEPPER BOX CAFE APPLE ROCK GRAND CENTRAL BOTTOM GANDHI QDOBA AT&T RIVER CITY BUNK MICROSOFT INDIA MARKET PORTLAND NIGHT BICYCLES YARDHOUSE TIFFANY & CO. YAMHILL BIT HOUSE KACHKA PUB
BOTTLE + KITCHEN SALOON BOWL LIQUIDATORS DIG A PONY THE WHOLE BOWL SENSEI CAFÉ PONTÉ FOOT MOD HOTEL ROSE HAIR OF THE DOG BREWERY PIZZA TRAFFIC GRILL LUC LAC VEGGIE PENDELTON PADDY’S BAR & GRILL PORTLAND CITY SCHMIZZA SALAD RUNNING KEY BANK 7-ELEVEN WORLD HIGH NOON SPARKY’S Q RESTAURANT ZARZ ON FIRST POUR
LOVE TEAK BREWING CASCADE BIG TOWN HERO SPORTS PIPS & BOUNCE CITY COFFEE ZING THE MELTING POT
FUTURE CARGO ROGUE KURE DUTCH COMMONS HOTEL BROS TAYLOR RAILWORKS BREWERY LOWNSDALE GUARDIAN GAMES WORLD TRADE CENTER DELPLAZA TORO LA QUINTA HOTEL AFURI RAMEN RODDA PAINT SQUARE CAFE TODAY GATTO & SONS FRUIT CITY HOME SPEAKEASY
ONE MAIN GRAND TAVERN LIPPMAN MARKETPLACE CAFE CHAPMAN PLACE BOKE BOWL
SQUARE 7-ELEVEN HARDWARE CO NATIONAL BUILDERS CLARK LEWIS BUNK BAR PORTLANDIA WATERCOFFEE AVE CLIVE COFFEE THE GOOD FRESHII KERR BIKES STARBUCKS 60 MINUTES MALLORY
EARTH CAFE WELLS FARGO HILTI FIRST & MAIN TO ESCAPE SUPPLY PLATT REJUVENATION SCHRUNKTERRY PLAZA FIGLIA AMERICANA
206 NE MLK / 203 NE ROLLING RIVER GRAND | 6 PAULSON’S SKINCARE TERIYAKI KOKIYO SPIRITS BRIDGESTARBUCKS CITY CAFE MR. SPARTAN AMORE FUTURE MULTNOMAH FORMAL WILDFANG HOUSE MIZOOF RAMEN SUSHI THE PORTER COUNTY COLUMBIA HOTEL COURTHOUSE BANK U.S. BANK LOUNGE CARMELLA’S SOCIAL CLUB RENATA WHITE OWL UMPQUA BANK FIXTURES PORTLAND STORE COAVA COFFEE WELLS FARGO MORTON’S THE STEAKHOUSE MANDARINPLAZA DELI BAMBOO MIKA SUSHI COVE REVOLUTION DENALI FURNITURE LUCKY LAB
SUGAR STREET MARRIOTT BAKERY GHOST LIGHT BAR NORANEKO BURGER KING
COOKIE CABANA GRAPE EASTSIDE CLEVER AUGUSTMOON EXPECTATIONS DISTILLING CYCLES CROWN PLAZA ROSE’S EQUIPMENT LOOK PACIFIC PIE MODERN HELIUM PITMAN COMEDY CLUB RIVERS EDGE COOPER’S LEGACY CAFE COFFEE RESTAURANT EQUIP MODERN KELLY MURATA THREE DEGREES PAPER PURE ELEPHANTS MERCEDES SIMPLE JUICE OF PORTLAND STACKED CATERING IL TERRAZZO SANDWICH SHOP AYBLA GRILL LITTLE RIVER CAFE
UPSTREAM COFFEE YOMI SUSHI YOMI