Mert Meeker 811 NW 19 th Ave., Ste. 102 Portland, OR

Transcription

1 811 NW 19 th Ave., Ste. 102 Portland, OR 97209

2 About the Goat Blocks at LOCA Project Description The Goat Blocks at LOCA comprise more than 3 city blocks with 7 distinctly different buildings featuring a 26,000 sq.ft. Market of Choice grocery, 40,000 sq.ft. Orchard Supply Hardware (with garden center), retail shops, restaurants, micro-retail space, 247 apartments and excellent onsite parking. The project is located at the center of Portland s hip central eastside neighborhood. As one of the city s most vibrant nodes, with numerous restaurants, breweries, distilleries, bars and quirky/local boutique stores, the Goat Blocks offer a rare and yet uniquely Portland urban shopping experience. Straddling the eastside s authentic and successful commercial/office areas as well as the historic and comfortable residential neighborhoods to the east, the project serves a burgeoning daytime population, established residential base and literally thousands of new apartments. Retail/Restaurant Space Opportunities Traditional retail shop space starting at 1,000 sq.ft. Restaurant spaces starting at 1,800 sq.ft. with large outdoor decks and seating areas Six micro-retail spaces ranging from 347-1,083 sq.ft. Perfect for specialty food, unique retail and maker users Timing Available for occupancy beginning in December of 2016 with a project opening of Q Looking east up SE Belmont Upper level restaurant with outdoor patio dining Parking On-site surface and structured retail parking ratio of approximately 2.5 stalls per 1,000 sq.ft. of leasable area. Apartment parking is allocated separately from the retail parking. Excellent on-street parking is available throughout the project area. Parking for more than 500 bicycles is strategically located amongst the 7 buildings and common areas. Trade Area In addition to classic Portland residential neighborhoods and 247 new apartments as part of the LOCA project, there are more than 7,400 new apartments either under construction or in the development pipeline coming to the Trade Area. To view the status of various mixed-use projects within the Portland area, visit nextportland.com. The Goat Blocks enjoy significant daytime employment with more than 17,000 working within the Central Eastside Industrial District (CEID). The 681-acre district encompassing property south of I-84 to Powell and the river to SE 12th contains over 1,200 businesses. The area is quickly becoming the preferred location for Portland s burgeoning creative class with numerous office buildings being constructed or renovated for software, financial, product design and start-up tech companies. This captive employment base provides tremendous opportunity for tenants of the Goat Blocks to meet their dining, grocery and daily shopping needs. Looking east at Yamhill Plaza Left: Outdoor patio opportunity Right: Orchard Supply Hardware

3 LOCA Trade Area & Apartment Development N NE Broadway St. 34 Broadway Bridge Steel Bridge NE Sandy Blvd Burnside Bridge 56,625 ADT E. Burnside St SE 39th St Morrison Bridge 53,835 ADT Hawthorne Bridge 29,412 ADT +6,022 bicycles per day SE Belmont St SE MLK SE Grand SE 10th SE 12th 9 8 SE Hawthorne St SE Harrison St Marquam Bridge 136,900 ADT SE Division St Ross Island Bridge 54,700 ADT SE Powell St SW Boundary St. 44 7,400+ new apartments under way in the Trade Area Proposed Under Construction ( ) Number of apartments Trade Area Current Portland development projects can be viewed at: 1. SE 10th & Belmont (247) - LOCA SE Belmont (20) SE Ankeny (50) SE Belmont (48) SE Belmont (56) SE Morrison (51) SE Oak (46) 8. SE 18th & Madison (12) SE Hawthorne (30) - Lagano SE Morrison (214) - Modera 11. SE 12th & Stark (106) - St. Francis Park SE Ankeny (40) SE 13th Ave. (69) NE Everett (47) - 20E NE Glisan (37) NE 28th Ave. (50) SE Hawthorne (24) SE Division (27) SE Clinton (12) SE 15th Ave. (9) SE 11th Ave. (6) SE Lincoln (6) SE Harrison (4) SE Belmont (193) 25. SE 3rd & Ankeny (300+) - Element E Burnside (157) 27. NE Davis & MLK (75) - The SE 10th Ave. (62) - Lower Burnside Lofts 29. SE 11th & Ankeny (84) 30. NE 8th & Pacific (1030) - Oregon Square NE Multnomah (980) NE 16th Ave. (10) NE Multnomah (182) NE Weidler (165) - Grant Park Village Phase II SW 11th Ave. (196) - SKY3 36. SW 12th & Clay (83) SW Market (100) 38. SW 11th & Market (67) - Market St. Apts 39. SW River Pkwy & Moody (365) - Riverplace Parcel SW Moody Ave. (160) 41. SW River Pkwy & Gaines (280) - Block SW River Pkwy & Lane (200) - Block SW Landing Drive (76) - Macadam Apts NEW APARTMENT CONSTRUCTION 44. SW Boundary St. (124 ) - The Boathouse 45. SW 4th & Harrison (425) Landing Drive (166) - Oxbow SW 4th Ave. (110) 48. NE 3rd & Burnside (276) - Yard SE Belmont (30) - Hawthorne SW Bond & Lane (199) - The Ella SE Ankeny (23) - Blackwood Lofts 52. SE 24th & Ankeny (8) - Ankeny Lofts 53. SE 26th & Ankeny (6) - Ankeny Row SE Belmont (105) TOTAL - 7,448 apartments The information contained herein has been obtained from sources we deem reliable. We do not guarantee its accuracy. Renderings, site and tenant plans are subject to change without notice. All information should be verified prior to entering into a lease.

4 Urban Southeast Portland SE 10TH /11TH & BELMONT LLOYD DISTRICT DOWNTOWN PORTLAND (CBD) PEARL DISTRICT BURNS IDE BR IDGE 56,625 ADT LL WI AM ET ER 53,83 5A DT TH SE 12 TH SE 11 SE 10 TH MO RR ISO NB RID GE - RIV TE 84 GOAT BLOCKS AT LOCA SE B ELM SE T AY L OR ONT STR STRE ET EET mbmproperties.com

5 Site Plan SE 12th AVE SE 12TH PARKING ENTRANCE NE RETAIL RESIDENTIAL PARKING East Buildings fronting SE 11th RETAIL PARKING EAST BUILDING RETAIL EAST RETAIL SE 11th AVE SE BELMONT ST SE TAYLOR ST Market of Choice entrance at SE 11th & Belmont WEST BUILDING RETAIL two levels SE 10th AVE SE YAMHILL ST

6 SE 11 Tenant Leasing Plan th SE 10TH /11TH & BELMONT SE 12th AVE PARKING ENTRANCE PHARMACA NE Retail C 452 Sq. Ft. SE 11th & Belmont RETAIL PARKING EAST SITE - E 2,000 SF LEASE PENDING EAST SITE - D (See 10th St. Plan) EAST SITE - F 1,914 SF EAST - RETAIL LEVEL 1 EAST - PARKING P1 SE 11th AVE MICRO RETAIL MR 2C SF* MR 2D SF* MR 2E MR 2D RR GROCERY ENTRANCE MR 2H YAMHILL PLAZA MR 2F SE BELMONT ST GROCERY ENTRANCE MR 2G Yamhill Plaza looking west Micro-Retail Spaces Apt Lobby NORTH - RETAIL LEVEL 1 MR 2E SF (OPEN TO BELOW) MR 2F SF MR 2C MR 2G SF MARKET WALK MR 2H - 1,083 SF PATIO DINING WEST 2A 1,822 SF RESTAURANT WEST - RETAIL LEVEL 2 WEST 2B 1,930 SF (divisible) PATIO mbmproperties.com *Roll-up door SE 10th AVE SOUTH - OPEN TO LEVEL 1 BELOW

7 SE 10 th Tenant Leasing Plan SE 12th AVE RETAIL PARKING EAST SITE - D 2,980 SF (divisible) RESTAURANT OPPORTUNITY Free-Standing Restaurant Opportunity (2,980 sq. ft.) PARKING ENTRANCE EAST - PARKING P2 SE 11th AVE NORTH - PARKING P1 SE BELMONT ST MORE PARKING SE TAYLOR ST LOADING RETAIL PARKING Orchard Supply Garden Center SE 10th & Taylor WEST - RETAIL LEVEL 1 WEST 1A 1,792 SF LEASE PENDING WEST 1B 2,065 SF (divisible) PARKING ENTRANCE LOADING SE 10th AVE MAIN ENTRY SOUTH - RETAIL LEVEL 1 GARDEN CENTER

8 Lower Level Parking Plan SUPER BLOCK - PARKNG P2

9 Demographics The Goat Blocks SE 10th & SE Belmont, Portland, OR Trade Area 0.5 Mile 1 Mile 2 Miles POPULATION HOUSEHOLDS RACE AND ETHNICITY INCOME EDUCATION (AGE 25+) 2015 Estimated Population 49,592 4,755 19, , Projected Population 52,021 5,040 20, , Census Population 46,327 4,551 18,491 97, Census Population 40,566 4,199 17,151 83,875 Projected Annual Growth 2015 to % 1.2% 1.1% 1.0% Historical Annual Growth 2000 to % 0.9% 0.8% 1.5% 2015 Median Age Estimated Households 26,743 2,654 10,265 55, Projected Households 27,761 2,749 10,659 57, Census Households 24,646 2,533 9,791 51, Census Households 22,317 2,327 8,869 44,388 Projected Annual Growth 2015 to % 0.7% 0.8% 0.8% Historical Annual Growth 2000 to % 0.9% 1.0% 1.7% 2015 Estimated White 83.9% 86.4% 86.2% 83.8% 2015 Estimated Black or African American 3.4% 2.8% 3.4% 3.9% 2015 Estimated Asian or Pacific Islander 6.2% 3.5% 3.8% 5.8% 2015 Estimated American Indian or Native Alaskan 0.8% 1.1% 0.9% 0.7% 2015 Estimated Other Races 5.8% 6.2% 5.6% 5.8% 2015 Estimated Hispanic 5.5% 5.8% 5.8% 5.4% 2015 Estimated Average Household Income $64,321 $52,949 $60,223 $72, Estimated Median Household Income $45,310 $36,487 $42,549 $50, Estimated Per Capita Income $35,655 $30,262 $33,101 $39, Estimated Elementary (Grade Level 0 to 8) 2.4% 2.9% 2.2% 2.1% 2015 Estimated Some High School (Grade Level 9 to 11) 4.4% 5.5% 4.9% 4.2% 2015 Estimated High School Graduate 8.7% 11.2% 9.2% 7.9% 2015 Estimated Some College 15.5% 15.4% 16.4% 15.0% 2015 Estimated Associates Degree Only 5.2% 4.9% 5.7% 4.9% 2015 Estimated Bachelors Degree Only 27.1% 30.2% 29.4% 26.2% 2015 Estimated Graduate Degree 36.7% 29.9% 32.1% 39.6% This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. BUSINESS 2015 Estimated Total Businesses 9,805 1,036 4,023 14, Estimated Total Employees 124,547 9,484 46, , Estimated Employee Population per Business Estimated Residential Population per Business , Sites USA, Chandler, Arizona, page 1 of 1 Demographic Source: Applied Geographic Solutions 04/2015, TIGER Geography