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2018 Results
Central City Development & Redevelopment Projects Prepared by Heritage Consulting Group May 2018 Purpose: This document is intended to provide a five-year window on real estate development in Portland’s Central City. For the purposes of this document, the Central City includes the following sub-districts: Downtown, West End, University District, River District, South Waterfront on the west side of the Willamette River, the Central Eastside and Lloyd District on the east side of the river. The subsequent pages begin with general comments followed by a summary of projects under construction, projects in design, projects in concept and projects completed in the last five years. Overview: Portland has historically been a very attractive second-tier real estate market. As the largest city between San Francisco and Seattle, Portland has a national and international reputation as a sustainable, vibrant, and trendy city with a legacy of aggressive growth management strategies and robust investments in alternative transportation. It is well recognized for its livability and it continues to attract a highly-educated workforce. Economic leaders are focused on workforce development in the growing sectors of clean tech, activewear, software, research and advanced manufacturing industries. Cumulatively, this has resulted in a marketplace that is largely stable and fueled by consistent in-migration. As in recent years, the real estate marketplace has been extraordinarily active in a large number of projects across all sectors in nearly every geographic area of the city and region. With high demand and less supply, particularly within the housing sector, this has presented a challenge around affordability. Current projects providing notable additional supply may mitigate this challenge in the longer term, while the city continues to explore strategies to spur additional housing development. -
Ground Floor Space Nw 13Th & Johnson Street
COMING SOON RETAIL RESTAURANT GROUND FLOOR SPACE NW 13TH & JOHNSON STREET DAN BOZICH | BRIAN GREELEY | 503.228.3080 WWW.URBANWORKSREALESTATE.COM | 1 ADDRESS | NW 13TH & JOHNSON USES | RETAIL / RESTAURANT & BAR / SERVICE NEIGHBORHOOD | PEARL DISTRICT DELIVERY | Q1 2018 AVAILABLE | 10,535 RSF (DIVISIBLE) A STUNNING TWO-BUILDING PROJECT IN PORTLAND’S PEARL DISTRICT Heartline introduces a new, mixed-use, transit-oriented development into the Pearl District. The project is comprised of two buildings: a wood-framed, low-rise building containing office and retail uses, and a 150-foot tall concrete residential high-rise containing more than 200 market-rate apartments. Both buildings are located over a two-level, below-grade parking structure. In order to blend with the 13th Avenue Historic District, the low-rise is a modern interpretation of a classic industrial building. The high rise to the north will be a sleek residential tower clad in glass. Conceptually, the two buildings form a contrasting, but mutual, relationship with one another on the site. At the street level, the buildings contribute to a vibrant, active pedestrian culture and add a new, public courtyard | 2 POTENTIAL RETAIL SIGNAGE * LOCATION ABOVE SITE PLAN OPTIONS COURTYARD NW 12TH AVE RAMP EAST DOCK * * * BIKE Retail mechanical Sliding partition LOBBY RETAIL SUITE 1A w/ man door shaft above - 1,327 SF (approx.) Future material lift - 200 amp, 3-phase, 480v STAIR L2 RETAIL SUITE 4A Retail mechanical - 1,000 SF (approx.) shaft above - 200 amp, 3-phase, 480v STAIR L1 APARTMENTS * -
Pearl District Waterfront Parcel Waterfront Development Site in NW Downtown Portland INSIDE the OPPORTUNITY ZONE 1462 NW NAITO PKWY, PORTLAND OR
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 Pearl District
THE PEARL DISTRICT AN URBAN DEVELOPMENT CASE STUDY OF THE PEARL DISTRICT AND BREWERY BLOCKS IN PORTLAND, OREGON CDBC’S GREEN AND SMART URBAN DEVELOPMENT GUIDELINES OCTOBER 2015 DRAFT FOR COMMENT China Development Bank Capital (CDBC) was established in August 2009 and is the wholly-owned subsidiary of China Development Bank, approved by State Council, with registered capital of RMB 50 billion. CDB Capital is primarily involved in equity investment and has a total value RMB 300 billion assets under its management. CDBC is a comprehensive and strategic investment platform with domestic and international business. CDBC’s four major business segments are urban development, industrial investment, and overseas investment and fund management. The first three segments (urban development, industrial investment, and overseas investment) all serve China’s urbanization, industrialization, and globalization. Energy Innovation’s mission is to accelerate progress in clean energy by supporting the policies that most effectively reduce greenhouse gas emissions. Through customized research and analysis for decision makers, we uncover the strategies that will produce the largest results. We work closely with other experts, NGOs, the media, and the private sector to ensure that our work complements theirs. Energy Foundation China, established in Beijing in 1999, is a grantmaking charity organization dedicated to China’s sustainable energy development. It is registered under the Ministry of Civil Affairs as Energy Foundation Beijing Representative office and supervised by the National Development and Reform Commission of China. It is a part of the Energy Foundation, which is based in San Francisco, California, U.S.A. Our mission is to assist in China's transition to a sustainable energy future by promoting energy efficiency and renewable energy. -
Modera Glisan New Mixed Use Development
MODERA GLISAN NEW MIXED USE DEVELOPMENT DAN BOZICHNICOLE | BRIANONDER GREELEY | 503.228.3080 | 503.228.3080 WWW.URBANWORKSREALESTATE.COM MODERA GLISAN ADDRESS | 505 NW 14TH AVE RETAIL 1 | 6,860 RSF RETAIL 5 | 1,126 RSF NEIGHBORHOOD | PEARL DISTRICT RETAIL 2 | 2,221 RSF RETAIL 6 | 2,044 RSF AVAILABLE | Q2 2019 RETAIL 3 | 2,002 RSF RETAIL 7 | 3,184 RSF NEIGHBORHOOD | PEARL DISTRICT RETAIL 4 | 1,432 RSF RETAIL 8 | 1,222 RSF THE BUILDING This brand new 12-story building will frame the west end of the Pearl district while retaining the historic former fire station building. The L-shaped building will provide 291 market-rate apartments, below grade residential parking, ground-floor retail and a 10th floor pool and fire pit. MODERA GLISAN | 2 MODERA GLISAN GENERAL NOTES - FLOOR PLAN A304 PW 9 8.5 8 7 6.7 6 5 4.5 4 3.3 3.2 3 2.3 2 1.61.41.5 1 PE A. FLOOR PLAN KEYNOTES APPLY TO SHEETS A101-A1XX. ALL KEYNOTES MAY NOT OCCUR ON 1 THIS SHEET AND DO NOT APPLY TO ANY OTHER SHEETS EXCEPT THOSE NOTED. 200' - 0" B. ARCHITECTURAL REFERENCE ELEVATION 100'-0" = XX.XX' ON SURVEY AND CIVIL DOCUMENTS 5' - 2 1/2" 21' - 9 11/16" 16' - 11 5/16" 25' - 6" 25' - 6" 11' - 11 5/8" 13' - 6 3/8" 8' - 8" 10' - 4" 6' - 6" 23' - 11" 7' - 10" 15' - 6" 5' - 0" 1' - 9 1/2" PN C. SEE A001 & A002 FOR ASSEMBLIES DN ? D. GRIDS ARE FOR REFERENCE ONLY. -
Modera Glisan New Mixed-Use Development
NW GLISAN & 14TH/15TH SPACE | 1,126-6,860 SF RETAIL RESTAURANT MODERA GLISAN NEW MIXED-USE DEVELOPMENT DAN BOZICH | KIANICOLE HARTLEY ONDER | BRIAN | 503.228.3080 GREELEY | 503.228.3080 WWW.URBANWORKSREALESTATE.COM MODERA GLISAN ADDRESS | 505 NW 14TH AVE RETAIL 1 | 6,860 RSF* RETAIL 5 | 1,126 RSF AVAILABLE | Q2 2019 RETAIL 2 | 2,221 RSF RETAIL 6 | 2,044 RSF AREA | PEARL DISTRICT RETAIL 3 | 2,002 RSF RETAIL 7 | 3,184 RSF USES | RETAIL / RESTAURANT RETAIL 4 | 1,432 RSF RETAIL 8 | 1,222 RSF THE BUILDING This brand new 12-story building will frame the west end of the Pearl District while retaining the historic former fire station building. The L-shaped building will provide 291 market-rate apartments, below grade residential parking, ground-floor retail and a 10th floor pool and fire pit. *2 floors in space MODERA GLISAN | 2 MODERA GLISAN NW HOYT ST LOBBY RETAIL 7 3,184 RSF RETAIL 6 2,044 RSF RETAIL 8 RETAIL 5 1,222 RSF 1,126 RSF NW 14 NW AVE TH TH AVE NW 15 NW RETAIL 4 1,432 RSF PUBLIC PARK RETAIL 1 RETAIL 3 PUBLIC 6,860 RSF PARK *2 FLOORS 2,002 RSF RETAIL 2 2,221 RSF NW GLISAN ST HISTORIC FORMER FIRESTATION BUILDING MODERA GLISAN | 3 AREA DEVELOPMENT NW Savier St 1 NW Front Ave 5 NW Raleigh St 2 3 4 NW Quimby St 7 NW Pettygrove St 8 6 9 NW Overton St 10 11 NW Northrup St 12 NW Marshall St NW Lovejoy St 13 NW Kearney St 16 NW BROADWAY 14 15 NW Johnson St 17 NW Irving St 18 NW Hoyt St NW 12th Ave NW 10th Ave 10th NW NW 15th Ave NW 13th Ave NW 11th Ave NW 14th Ave 19 Ave 9th NW NW Glisan St UNDER DEVELOPMENT & RECENTLY COMPLETED IN THE PEARL DISTRICT The Pearl District is located just north of the central business district of Portland, Oregon. -
Highlights Report
HIGHLIGHTS Accomplishments of Portland’s Downtown Plan Central City Plan Albina Community Plan Outer Southeast Community Plan City of Portland Bureau of Planning Mayor Vera Katz Commissioner-in-Charge May 2000 Skidmore’s Fountain, donated to Portland in the 19th century, bears the inscription “Good citizens are the riches of a city.” Highlights Accomplishments of Portland’s Downtown Plan Central City Plan Albina Community Plan Outer Southeast Community Plan City of Portland, Oregon Bureau of Planning May 2000 Portland City Council Mayor Vera Katz Commissioner Charlie Hales Commissioner Jim Francesconi Commissioner Dan Saltzman Commissioner Eric Sten Portland Planning Commission Steve Abel, President Rick Michaelson, Vice President Amanda Fritz Rick Holt Marcy McInelly, AIA Ruth Scott Ethan Seltzer Ingrid Stephens Bureau of Planning Mayor Vera Katz, Commissioner-in-Charge Gil Kelley, AICP, Director Michael Harrison, FAICP, Chief Planner Colleen Greer Acres, PhD, AICP, Senior Planner Barbara Sack, AICP, City Planner Ellen Ryker, City Planner Stephen Oringdulph, Graphic Illustrator Kirsten Force, Graphic Illustrator Tien Nguyen, Graphic Illustrator, Technician Carmen Piekarski, GIS Specialist Amy Schwartz, Communications Manager Anne-Elizabeth Riis, Community Service Aide Carolyn Sharp, Community Service Aide Photos by Barbara Sack, Carolyn Sharp and other Bureau of Planning Staff. The Bureau of Planning wishes to acknowledge the Portland Office of Transportation’s publication, Elements of Vitality: Results of the Downtown Plan, prepared for the 1998 RailVolution Conference. The Bureau also wishes to acknowledge the publication From Downtown Plan to Central City Summit: Trends in Portland’s Central City 1970-1998, prepared for the November 19, 1998 Central City Summit. Both documents contained valuable and important material used in this document. -
Central City Development and Redevelopment Projects Prepared by Heritage Consulting Group
Central City Development and Redevelopment Projects Prepared by Heritage Consulting Group May 2016 Central City Development and Redevelopment Projects Prepared by Heritage Consulting Group May 2016 Purpose: This document is intended to provide a five-year window on real estate development in Portland’s Central City. For the purposes of this document, the Central City includes the following sub-districts: Downtown, West End, University District, River District, and South Waterfront on the west side of the Willamette River, and the Central Eastside and Lloyd District on the east side of the river. The subsequent pages begin with general comments followed by a summary of projects under construction, projects in design, projects in concept, and projects completed in the last five years. Overview: Portland has historically been a very attractive second-tier real estate market. As the largest city between San Francisco and Seattle, Portland has a national and international reputation as a sustainable, vibrant, and trendy city with a legacy of aggressive growth management strategies and robust investments in alternative transportation. It is well recognized for its livability, and the city continues to attract a highly educated workforce. Economic leaders are focused on job creation in the growing sectors of clean tech, activewear, software, research, and advanced manufacturing industries. Cumulatively, this has resulted in a marketplace that is largely stable and fueled by consistent migration. Particular to 2016, the real estate marketplace, dormant for several years during the recent recession, has exploded in a broad number of projects across all sectors in nearly every geographic area, all moving quickly toward the marketplace. -
2019 Results
Central City Development & Redevelopment Projects Prepared by Heritage Consulting Group PURPOSE This document is intended to provide a five-year window on real estate development in Portland’s Central City. For the purposes of this document, the Central City includes the following sub-districts: Downtown, West End, University District, River District, South Waterfront, the Central Eastside, and Lloyd District. The subsequent pages begin with general comments followed by a summary of projects under construction, projects in design, projects in concept and projects completed in the last five years. OVERVIEW Portland has historically been a very attractive second-tier real estate market. As the largest city between San Francisco and Seattle, Portland has a national and international reputation as a sustainable, vibrant, and trendy city with a legacy of aggressive growth management strategies and robust investments in alternative transportation. It is well recognized for its livability and continues to attract a highly-educated workforce. Economic leaders are focused on job creation in the growing sectors of clean tech, activewear, software, research and advanced manufacturing industries. Cumulatively, this has resulted in a marketplace that is largely stable and fueled by consistent in-migration. As in recent years, the real estate marketplace has been extraordinarily active in a large number of projects across all sectors in nearly every geographic area of the city and region. With high demand and less supply, particularly within the housing sector, these conditions have presented a challenge around affordability. Current projects are providing significant additional supply and may mitigate this challenge. The city continues to explore strategies to spur additional housing development. -
FOR LEASE 1204 NW Glisan St
RETAIL SPACE FOR LEASE 1204 NW Glisan St. Pearl District 2,060 Square Feet CALL FOR RATES & A TOUR Available Fall 2018 DEBBIE THOMAS + 1 503 226 2141 [email protected] TROZELL BENWARE + 1 971 506 3480 PRIME RETAIL CORNER IN [email protected] THE HEART OF THE PEARL! www.debbiethomas.com PROPERTY DETAILS • Retail space MEZZANINE 583 SF • Best, high-traffic corner in the Pearl on main west-bound thoroughfare Glisan • Roll up door and multiple charming entries • Over 60’ of glass line on NW GLISAN STREET NW GLISAN NW Glisan & 12th • 2 bathrooms • See attached area plan for GROUND FLOOR adjacent tenancies 1,477 SF NW 12TH AVENUE NEIGHBORHOOD DEVELOPMENT The Pearl District, once-industrial neighborhood, rapidly transformed into one of the city's DEMOGRAPHICS 0-5 miles most expensive neighborhoods. Located to the east of NW Portland/Nob Hill and just north of the central business district. The Pearl District is bordered by NW Broadway Population 2022 Projection 448,647 to the east, NW 16th/I-405 to the west. There are approximately 26,742 existing and 2017 Estimate 416,118 planned residential units in the Pearl District, with that follows grocery, service, boutique retail stores, big box retail, restaurant, bars, and coffee shops. Households by Income 2016 $500,000 or more 3,553 1 11 $250,000 to $499,999 7,350 COSMOPOLITAN ON THE PARK WYATT 1075 NW Northrup St. | 150 condos 1221 NW Marshall St. | 244 units $200,000 to $249,999 5,653 $150,000 to $199,999 11,653 2 THE LEXIS 12 BRIDGEPORT 255 NW 9th Ave. -
Elizabeth Lofts Condominiums
Elizabeth Lofts Condominiums 333 NW. 9th Ave. Portland, Multnomah County, Oregon 97209 NKF Job No.: 745-2019-0012 Appraisal Report Prepared For: Mr. Tom La Voie Community Administrator Community Management Inc 2105 SE 9th Avenue Portland, Oregon 97214 Prepared By: Newmark Knight Frank Valuation & Advisory 760 SW 9th Avenue, Suite 200 Portland, Oregon 97205 February 22, 2019 Mr. Tom La Voie Community Administrator Community Management Inc 2105 SE 9th Avenue Portland, Oregon 97214 RE: Appraisal of High-Rise Mixed-Use Condos known as Elizabeth Lofts Condominiums located at 333 NW. 9th Ave. , Portland, Multnomah County, Oregon 97209 NKF Job No.: 745-2019-0012 Dear Mr. La Voie: Newmark Knight Frank Valuation & Advisory, LLC (herein “Firm” or “NKF”) has developed an appraisal of the referenced property and the results are presented in the following Appraisal Report. The Elizabeth Lofts Condominiums consist of 15-story mixed-use tower within the Pearl District of downtown Portland, Oregon. There are 179 living units as well as 13 ground floor commercial spaces straddled by one level of underground and two levels of structured parking. The improvements were completed in 2005 and experienced orderly sell-out. Unit types include loft units ranging in size from 735 to over 2,300 square feet. Penthouse units on the 14th and 15 floors are 1,650 to over 3,400 square feet. The site area is about 35,000 square feet with 4 abutting streets. Key Physical and Locational Considerations Highly-desirable Pearl District location High demographic profile Very