Portland Urban

North Williams - District Keeps on Growing!

North Williams continues its reign as the new urban retail district darling.  With recent news that New Seasons is moving in, continued strong leasing activity and the attention of national publications, business owners will want to check out Urban Works' new listing  The Albert located at N Williams & Fremont.

The Albert is the latest mixed-use project on the street consisting of  72 apartments over 4,800 square feet of Class A retail space.  These premier spaces, to be completed by Summer 2012, are leasing now!

Little Big Burger Has Landed in the South Waterfront

 

Little Big Burger has officially inked a deal for their sixth location in Portland’s South Waterfront District at the Ardea.  Restaurant moguls Micah Camden and Katie Poppe continue to take the Portland restaurant scene by storm one burger at a time! 

The new location is set to open late Spring 2012.

Welcome to the neighborhood Micah and Katie!

Urban Works Real Estate is proud to have represented both the Landlord and Little Big Burger in their lease negotiations.  Congratulations!

New Seasons Market - New Store @ Bakery Blocks!

Great news for the Eliot Neighborhood!  New Seasons Market will open a new 30,000 grocery store in the Eliot Neighborhood in 2013.  The future location will be at the intersections of  NE Fremont Street between North Williams and Vancouver Avenues in Portland.  The long vacated and blighted blocks previously known as Interstate Bakeries (Bakery Blocks) will now be redeveloped into a mixed-use project by Ivy Street Partners.  

New Seasons Market has successfully opened urban grocery stores throughout Portland and sparked healthy community revitalization in city neighborhoods that have been designated as "food deserts" by the PDC.  The subject store will bring more than 150 new jobs with healthcare and benefits to the neighborhood.  The Eliot store will be New Seasons Market's 13th store.

Urban Works Real Estate is proud to have negotiated the long term lease on behalf of both the developer and New Seasons Market.

*Rendering is subject to change

 

Pearl District's First Hotel!

One of the original visionaries behind the ever successful Pearl District, Homer Williams, is currently spearheading discussions to bring a hotel to the North End of the Pearl District.  

This has the opportunity to highlight the potential for continued evolution within the North End of the Pearl District.  Welcome back Homer!

Read the full Portland Business Journal article here.

NW Residential Development: Part II

It is official, the residential worm in NW Portland has turned!   Apartment development growth has replaced condominum development through out Portland.  As reported in today's Oregonian by Elliot Njus,  Portland developer, Bob Ball plans on developing 177 apartment units in the north end of The Pearl.  The $35 million project will take 15 months to complete.  

Another 350+ units are also being planned and developed for the Slabtown(Con-way) neighborhood in NW northwest Portland.  Smaller scale projects are the new normal vs. huge multi-tower developments of the past. Financing and the neighborhood approval process has tempered the ambitious large-scale development project of the past.  Expect more future apartment development as rental rates rise and unit vacancy continues to drop below 2%.  

North Portland Land Sales Heating Up

The development pipeline is filling up on N Mississippi and N Williams as developers get more motivated to acquire sites for new projects and owners ease up on pricing. That will be good news for the districts as vacant property turns into new mixed use development.  Increased housing and employment density is a key ingredient to help support Portland's small business community.

Happy Turkey Day!

Happy Thanksgiving to all of our Readers!

Enjoy the turkey and the football.  If you don't have plans yet, check out these amazing restaurant choices (and resources, too) from the Food Dude!  GO DUCKS !!

 

 

 

The TMT Family Feud!

 

Vanessa Sturgeon -  Park Avenue West hole

It sounds like the TMT Development family feud is getting ugly according to Jeff Manning's article in The Oregonian  last week, Angela Webber's story in The DJC  yesterday and Laura Gunderson's Oregonian story.  Following all the missteps of this on-going saga is almost humorous if it wasn't so sad.  2015? 

 

Should make for an interesting Thanksgiving dinner...

Con-way redevelopment moves forward...Slowly

Slabtown blocks in Northwest District

Con-way, the international freight and logistics company, is looking to sell several blocks in the underutilized Slabtown- area.  The NW Portland based company is looking to sell as many as 10 blocks to investors and developers who may be able to turn into livable spaces, complete with apartment buildings, condos, ground-floor retail, public parks, plazas and subsurface parking.

See the full story here.

 

Local 49 SOLD!