Properties

Only 2 retail bays remaining (970-4702 SF) in high-end, mixed use project at 4th St NE & 1st Ave NE, across the way from Surdyks. Project has 600 luxury apartments (full) & 30,000 SF or retail .

The demographic living here (and the other 2500 new luxury apartments and condos in the area) earns well, and spends money on themselves and experiences.

Northeast is a densely populated neighborhood with impressive demographics, incomes, and good traffic in and out of downtown. The 600 luxury apartments upstairs are full and we have good covered parking behind the retail and on the street.
• Great income and demographics
• New Lund’s grocery and redeveloped Surdyk’s wine & cheese are across the street
• Aveda Institute and United Labor Center contribute to daytime traffic
• Great co-tenants: Haus Salon, The Good Clinic (Medical), Studio ME (Fitness), Sauna fitness concept, Vellee Deli, and just finished a lease on the 5000 SF restaurant pad …also have interest from other food users, entertainment, soft goods, and service retail users for the last two bays
• We have been doing vouchers for off-street parking for retail and food customers (there is also substantial street parking)
• Landlord has Tenant Improvement dollars set aside for the right deal
• CAM/Tax is $7.50 / SF