Pearl District Waterfront Parcel Waterfront Development Site in NW Downtown Portland INSIDE the OPPORTUNITY ZONE 1462 NW NAITO PKWY, PORTLAND OR
Total Page:16
File Type:pdf, Size:1020Kb
Pearl District Waterfront Parcel Waterfront Development Site in NW Downtown Portland INSIDE THE OPPORTUNITY ZONE 1462 NW NAITO PKWY, PORTLAND OR THE ENCORE CONDOMINIUMS MODERA PEARL MIXED-USE COSMO. ON THE PARK BLOCK 17 CONDOMINIUMS APARTMENTS THE PARKER THE RAMONA VISTA PEARL APARTMENTS APARTMENTS CONDOMINIUMS THE FIELDS PARK HOLDEN OF PEARL SENIOR LIVING ABIGAIL APARTMENTS CENTENNIAL MILLS FUTURE REDEVELOPMENT nw naito parkway SUBJECT PROPERTY 2.76 AC LAND AREA FREMONT PLACE P M 275-UNIT APARTMENT DEVELOPMENT L O E N T V E E D PORTLAND PEARL DISTRICT DOWNTOWN RIVERFRONT DEVELOPMENT FOR SALE OR GROUND LEASE HIGHLY-DESIRABLE LOCATION IN THE PEARL DISTRICT Exclusive Listing by: GEORGE N. DIAMOND NICHOLAS G. DIAMOND Licensed in PLEASE Oregon CONTACT: 503.222.2178 503. 222. 2655 12.23.2019 2839 SW 2nd Avenue, Portland OR, 97201 [email protected] [email protected] 12.23.2019 503.222.1655 - www.REIG.com PEARL DISTRICT WATERFRONT PARCEL DEVELOPMENT SITE ON PORTLAND’S PEARL DISTRICT WATERFRONT REAL ESTATE INVESTMENT GROUP has been exclusively retained by Summit Properties Inc to offer for sale or ground lease the development site at 1462 NW Naito Parkway providing a unique opportunity for a waterfront development in Portland’s renowned Pearl District. Included in the sale is approximately a 2.76 acre (120,225 SF) parcel zoned EXdg along the Willamette River. This listing represents an unparalleled oppor- tunity for development on Northwest Portland’s Pearl riverfront. The property is situated in the established urban mixed-use Pearl District and its flexible EX zoning allows for a variety of uses including residential, office, retail and hospitality. The site has convenient access to Portland’s CBD and the Pearl District as well as the 405 High- way and Portland’s Central Eastside. The site will extend the connection of the Willamette Riverfront Trail from Tom McCall Waterfront Park to the Pearl District. The property is also part of the River District Urban Renewal Area. At 2.76 acres, the size of the property and its idyllic location in the heart of one of Portland’s vibrant urban districts create the opportunity for Portland’s newest major development. VISIT WEBPAGE to sign digital NDA & VIEW FULL PACKAGE Green Button - “Register for Due Diligence” SALE PRICE: MARKET PRICE 250’ maximum height (WITH BONUS) OR GROUND LEASE 2:1 + 3:1 BONUS far (=601,125 SF FAr) LAND AREA: 2.76 AC (120,225 SF) INSIDE THE OPPORTUNITY ZONE RIVERFRONT LINEAR FOOTAGE: ~370’ ADDRESS: 1462 NW NAITO PARKWAY, PORTLAND OR ZONING: EXdeg - CENTRAL EMPLOYMENT with design and river overlays BUILDABLE AREA: ~51,000 - 56,000 SF (BASED ON SERA REPOR and sea plans) SITE IMPROVEMENTS: WAREHOUSE (59,557 SF) PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. PEARL DISTRICT WATERFRONT PARCEL ~51,000 - 56,000 SF BUILDABLE AREA based on conceptual plans 250’ max. height with bonus EXISTING STRUCTURE: WAREHOUSE (59,557 SF) RIVER FRONTAGE: FREMONT PLACE ~370’ 275-UNIT APARTMENT DEVELOPMENT NW NAITO PARKWAY CENTENNIAL MILLS FUTURE REDEVELOPMENT LOT DETAIL PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. PEARL DISTRICT WATERFRONT PARCEL THE ENCORE CONDOMINIUMS MODERA PEARL MIXED-USE COSMO. ON THE PARK BLOCK 17 CONDOMINIUMS APARTMENTS THE PARKER THE RAMONA VISTA PEARL APARTMENTS APARTMENTS CONDOMINIUMS THE FIELDS PARK HOLDEN OF PEARL SENIOR LIVING ABIGAIL APARTMENTS CENTENNIAL MILLS FUTURE REDEVELOPMENT nw naito parkway SUBJECT PROPERTY 2.76 AC LAND AREA FREMONT PLACE 275-UNIT APARTMENT DEVELOPMENT LOCATION AND FEATURE HIGHLIGHTS PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. PEARL DISTRICT WATERFRONT PARCEL WILLAMETTE RIVER PROPERTY LINE, TYP. PROPERTY LINE, TYP. 50' SETBACK FROM TOP OF RIVER BANK TOP OF RIVER BANK ADJACENT PROPERTY SW NAITO PARKWAY 28,000 SF BUILDING SHORE LINE FOOTPRINT 30'-0" PLAZA RAILWAY 140'-0" 28,000 SF BUILDING FOOTPRINT 35'-6 1/2" 375'-6 1/2" 279'-5 5/8" 200'-0" 140'-0" PROPERTY LINE, TYP. THE FIELDS PARK CENTENNIAL MILLS ADJACENT PROPERTY 30'-0" NAITO PARKWAY PROPERTY OPTION 2 SITE PLAN SCALE: 1"=60' CONCEPTUAL PLAN OPTION 1462 NW Naito Parkway Portland, OR SEE OFFERING MEMORANDUM FOR ADDITIONAL PLANS 01/08/2018 SEA CONCEPTUAL PLAN PAGE 5 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. PORTLAND STATE GOOSE HOLLOW NW SLABTOWN DISTRICT DOWNTOWN PORTLAND PROPOSED BASEBALL PEARL STADIUM DISTRICT PROPOSED MAJOR LEAGUE BALLPARK COMPLEX ON 45-ACRE WATERFRONT SITE OLD TOWN 1462 NW CHINATOWN NAITO PROPOSED BALLPARK ~1.2 MILES TO NW NAITO SITE CENTRAL EASTSIDE CONVENTION CENTER MODA CENTER LLOYD BOISE DISTRICT IRVINGTON DOWNTOWN PORTLAND PAGE 6 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. PEARL DISTRICT WATERFRONT PARCEL FREMONT PLACE Subject 275-Unit APARTMENT DEVELOPMENT Property THE RAMONA APARTMENTS SLABTOWN Pearl THE PARKER APARTMENTS VISTA PEARL CONDOS District PURE SPACE PORTLAND, OREGON EVENT VENUE AS OF MID-2018 THE FIELDS THE ENCORE CENTENNIAL MILLS MICROSOFT FUTURE REDEVELOPMENT OFFICE PARK CONDOS THE WYATT ENSO APARTMENTS COSMOPOLITAN ON THE PARK APARTMENTS HIGH-RISE DEVELOPMENT ASA FLATS & LOFTS WATERFRONT PEARL APARTMENTS TANNER SPRINGS CONDOS PARK STREETCAR LOFTS METROPOLITAN CONDOS LOVEJOY STATION APARTMENTS DESIGN WITHIN REACH NW NAITO PKWY FURNISHINGS KEARNEY PLAZA APARTMENTS ZIBA AUDITORIUM NOSSA FAMILIA COFFEE Fjällräven NW LOVEJOY ST OUTFITTERS BURNCYCLE IRVING ST. KITCHEN FITNESS RESTAURANT PIAZZA ITALIA JAMISON SQUARE RESTAURANT PARK PEARL COURT SINJU APARTMENTS SUSHI AREA HIGHLIGHTS PAGE 7 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. OREGON REAL ESTATE INITIAL AGENCY A seller’s agent owes the seller the following affirmative duties; DISCLOSURE PAMPHLET OAR 863-015-215 (4) 1. To exercise reasonable care and diligence; 2. To account in a timely manner for money and property received from or on behalf of the seller; Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and 3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction; principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or 4. To disclose in a timely manner to the seller any conflict of interest, existing or contemplated; principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the 5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent's expertise; pamphlet from another broker. 6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an of the agency relationship; and agency relationship between you and a broker or a principal broker. 7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find a buyer for the property, except that a seller's agent is not required to seek additional offers to purchase the property while the property is subject to a contract for sale. Real Estate Agency Relationships None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived An "agency" relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the "agent"), by written agreement between seller and agent. agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction. Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing Oregon law provides for three types of agency relationships between real estate agents and their clients: properties for sale without breaching any affirmative duty to the seller. Seller's Agent - Represents the seller only; Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise, Buyer's Agent - Represents the buyer only; including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same law. property. This can be done only with the written permission of both clients. Duties and Responsibilities of Buyer’s Agent The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at the time an offer to purchase is made. Please read this pamphlet carefully before entering into an agency relationship with a real An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The buyer’s agent is not representing the seller, estate agent. even if the buyer’s agent is receiving compensation for services rendered, either in full or in part, from the seller or through the seller’s agent. Definition of “Confidential Information” An agent who represents only the buyer owes the following affirmative duties to the buyer, the other parties and the other parties’ agents involved in a real estate transaction: Generally, licensees must maintain confidential information about their clients. “Confidential information” is information communicated to a real estate licensee or the licensee’s agent by the buyer or seller of one to four residential units regarding the 1.