Pearl District Connect

ERIKA WRENN

T 503.312.9770 T 503.222.4373

Pearl Broker of the Year 2016

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

Pearl District Real Estate

PEARL STATISTICS: Inventory 2.2 months Average Days on Market 45 Volume Sold $12,037,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in February 53/31/22

Pearl Average Price Sq.Ft.: $520

Minimum Sold January: $240,900

Total Active: 80

Maximum Sold January:

Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

We need new listings in the Pearl District. If you have considered selling your property and are curious about the value of your home, I am available for a confidential conversation.

$1,325,000

Erika Wrenn (w)here Real Estate *Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

City Quotes

“Love and cities are always inextricably entwined.There's no restaurant or corner store or run-down dive in any city that doesn't double as a monument for a lost love.I think that's why we always stop and stare whenever we come across a girl crying in public.We sense the imprint of a memory being pressed onto the sidewalk,onto the building contours,onto the names of the streets.”

“Love and cities are always inextricably entwined.There's no restaurant or corner store or run-down dive in any city that doesn't double as a monument for a lost love.I think that's why we always stop and stare whenever we come across a girl crying in public.We sense the imprint of a memory being pressed onto the sidewalk,onto the building contours,onto the names of the streets.”

“Love and cities are always inextricably entwined.There's no restaurant or corner store or run-down dive in any city that doesn't double as a monument for a lost love.I think that's why we always stop and stare whenever we come across a girl crying in public.We sense the imprint of a memory being pressed onto the sidewalk,onto the building contours,onto the names of the streets.”

“Love and cities are always inextricably entwined.There's no restaurant or corner store or run-down dive in any city that doesn't double as a monument for a lost love.I think that's why we always stop and stare whenever we come across a girl crying in public.We sense the imprint of a memory being pressed onto the sidewalk,onto the building contours,onto the names of the streets.”

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erika.wrenn@where-inc.com where-inc.com

T 503.312.9770 T 503.222.4373

ERIKA WRENN Urban Broker

February 2018: Erika’s Podcast and Book Picks Podcast-OnBeing with Krista Tippett and Brene Brown Strong Back,Soft Front, Wild Heart I have been a Krista Tippet podcast listener for years and find her podcast personally revolutionary. This interview stopped me in my tracks as far as making connections in my own life and business. This podcast centers around the subject of belonging. I realized without hesitation that I feel that I BELONG in my community. The moment I moved to the Pearl I felt that way. This sense of connection has energized me and for that I am grateful.

Find it on any podcast app or online at www.onbeing.org

The Creative Habit-Learn It and Use It for Life Twyla Tharp I am convinced that I can become more creative if I follow Ms.Tharps suggestions. I absolutely loved this book. Her use of the concept of the “spine “or (what I would call my mission) of your project really resonated with me. This can apply to any industry and help you stay on task. I read from this book monthly as it helps me gain focus and remember to stay creative for my clients. My advice is to give it a try even if you think you are not a creative person or math oriented. I learned that connecting ideas is a form of creativity. You can purchase it online or at Powell's Books!

Crushing It! Gary Vaynerchuk This book was such a pleasant surprise and many people may be shocked that I am recommending it. I am known for being into more organic connection. (I am sending you a mailer).The reality of business today is we need to have a digital presence. The key is to do it in a way that is real connection rather that simply promoting. If you want to learn about social media and what is really going on from a master, this is the book for you! It is about connection and telling a story, not just posting. Find the book online or at Powell's. Gary also has awesome videos online. He tends to swear but it gets your attention!

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erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

Pearl Broker of the Year 2016

February Businesses:

The Portland Fly Shop 1627 NW Glisan St Recently opened in the second half of 2017, The Portland Fly Shop is run by Jason Osborn. The website’s goal of the shop states …” to simply help anglers of all skill levels connect with their love and passion of fly fishing, tying, and the great outdoors.” The shop carries lines like Simms, R.L Winston, Solitude, Hardy, and Patagonia. The Portland Fly Shop is also a great resource for lessons and workshops which include fly fishing for beginners, for women, for steelhead on the fly and other events. Visit www.theportlandflyshop.com for more information.

Pop Bagel 433 NW 10th-Coming soon Nuvrei in the Pearl is known for their absolutely amazing pretzel style bagels. The owners opened Pop Bagel downtown with these amazing gems in 2016. Not long after, Food and Wine Magazine caught wind and included them in a feature about bagels.Yes, the bagels are really THAT good! The second location is opening across from Nuvrei on NW 10th in the Spring. Pop Bagel offers a variety of flavors and also the bagels as sandwiches, which are YUMMY! More information at www.popbagel.co

Arden Wine Bar and Kitchen 417 NW 10th-Coming soon Slated for an April 3 opening, Arden Wine Bar and Kitchen is formed by the group from Thelonious Wines. Chef Sara Hauman will offer 4 course prix-fixe meals with pairings from sommelier Kelsey Glasser in an intimate setting. The cuisine highlights ingredients from the Pacific Northwest. The name Arden is derived from the mystical forest in Shakesperare’s classic “As You Like It”.

More information can be found at ardenwineandkitchen.com

p. 2

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

New Plan for NW 13th Ave

by Rethink Streets A group of six Portland State Masters of Urban and Regional Planning students have collaborated with the Pearl District Neighborhood Association to envision a new concept for NW 13th Avenue. The group released its findings in June and the report is an impressive and detailed vision of what the street could be in the next 5 to 10 years.

NW 13th is a challenging project due to the lack of sidewalks, the presence historical buildings, the variety of uses of the properties and congestion of cars, bikes and pedestrians. The Rethink Streets statement takes all of this into consideration and outlines the sections of the street. They consider the attributes and drawbacks seen by the community and business owners in the area as well as those trained in urban design.

The recommendation is to refocus on the pedestrian or human element and to foster a feeling of connectivity and inclusivity to both the visitors and the residents of the neighborhood.

The goals of the vision: 1. Vibrancy 2. Inclusivity 3. Community 4. Comfort The process of project: 1. Define goals 2. Existing conditions 3. Community outreach 4. Recommend strategies & actions Sites with report and more info: pearldistrict.org rethinkstreets.com Let me know if you would like me to email you a copy of the report.

p. 5

erika.wrenn@where-inc.com where-inc.com

Urban Real Estate Broker

My marketing includes Custom property videos professionally edited to tell a story about the urban home. Parties interested in a property learn about the features of the specific building and assets of that section of the neighborhood and what the Pearl lifestyle offers.

I also offer digital advertising on social media that fully demonstrates the lifestyle and why your home is the most ideal in the neighborhood Stunning print advertising.

My entire market plan is available upon request.

Service and sales Personalized service that has enabled me to be a top producing broker* in the urban core and to be awarded Pearl Broker of the Year in 2016 Call to Action Do you feel like you belong in the neighborhood? Contact me be email or on my Facebook page ErikaWrenn’sPearlNewsPage. I want to know!

Erika Wrenn

Email:

Principal Broker

Please email me if you would like to subscribe to my newsletter electronically.

erika.wrenn@where-inc.com

Website: Stay connected to the Pearl and urban Portland by visiting my website. www.pdxurbanproperties.com Correction In last month’s issue-it should be Yoga in the Pearl rather than Pearl Yoga.

If your property is currently listed or you are already working with a broker, this newsletter is not meant to be a solicitation for business. *I have had over 30M in strictly condo sales in the last few years

Contact:

T 503.312.9770 T 503.222.4373 erika.wrenn@where-inc.com where-inc.com

p. 6

ERIKA WRENN

Albina Vision Where: Site of Memorial Coliseum and surrounding area

Developer: Rukaiyah Adams of Meyer memorial Trust and Zari Saunter former Portland Parks Bureau Director

Architect: TBD

T 503.312.9770 T 503.222.4373

10th and Yamhill Smartpark

Aniva Apartments

Where:

5009 N Interstate

Where:

SW10th and Yamhill

Developer:

Developer:

Civitas Development

Prosper Portland and Portland Bureau of Transportation

TVA Architects

Architect: FFA Architecture and Interior

Architect: Point in timeline:

Point in process; Early stages Striving to develop close to 30 acres, the plan celebrates the black history of Albina while eagerly invites the future goals of housing and business opportunity for the community.

Design advice received The intent of the project is to address seismic and ADA concerns and to update and add to the ground floor retail.

Building permit under review Located in Overlook, the multifamily project consists of 90 units and 15 car parking spaces tucked under the building.

Additional live/work units are also proposed.

OHSU Knight Cancer Research Center

Walnut Park

Worldmark on Naito

Where:

Where:

Where:

5329 NE Martin Luther King Blvd

221 SW Naito Pkwy

Point in timeline:

Southern half block SW Moody

Developer: OHSU

Point in timeline:

Developer:

Developer:

Multnomah County County/TBD

Worldmark by Wyndham

Architect:

Architect:

Architect:

Barnes Architects

SERA

SRG Partnership and Mayer Reed

Point in timeline:

Point in timeline:

Early stages The preferred idea for the redevelopment of the site is “94 market-rate apartments, 50 affordable apartments for seniors, 14 townhomes, a food hall, county services and a single floor of underground parking�.

Building permit issued

Point in timeline: Approved Designed as part of the OHSU Schnitzer Campus, the 7 level 300,000 plus square foot building is composed of laboratory space, conference center, retail, office and research support. Additional two levels of underground parking will be

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The proposed building will be 6 stories with studios,one and two bedrooms with no parking stalls offered.The units will be available to members of the Wyndham Vacation Ownership Program.

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

Pearl Broker of the Year 2016

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 70 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

BRIDGEPORT CONDOS The Bridgeport Is a very popular building and we need new listings in the Pearl market! If you have considered selling, contact me and we can discuss the value of your home and the market.

Erika Wrenn (w)here Real Estate

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

T 503.312.9770 T 503.222.4373

ERIKA WRENN Pearl Broker of the Year 2016

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

ENCORE CONDOS

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 80 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

Activity is the last month: Active: Unit 102 2 bed 3 bath 2001 sq. ft $850,000 Unit 1112 2 bed 2 bath 1530 sq. ft $999.000

Pending: Unit 615 1 bed 1 bath 1026 sq. ft $534,500 Unit 302 2 bed 2.5 bath 2010 sq. ft $1,295,000

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN Pearl Broker of the Year 2016

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 80 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

MCKENZIE LOFTS Currently, there are (zero) listings avaiable in the McKenzie.Lofts.

Buyers LOVE the building and the location. If you have considered selling contact me so we can confidentially discuss the value of your urban property and the market.

Erika Wrenn (w)here Real Estate

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN Pearl Broker of the Year 2016

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

RIVERSTONE CONDOS

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 80 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

The Riverstone continues to be very popular. I love your building and have great success in selling in the Riverstone. Buyers are looking for condos that are centrally located. If you have considered selling contact me so we can discuss your home’s value confidentially.

Erika Wrenn (w)here Real Estate

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN Pearl Broker of the Year 2016

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,751.400 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 73 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

STREETCAR LOFTS Active: Unit 129 Studio 605 sq. ft $385,000 Unit 509 2 bed 2 bath 1953 sq. ft $1,059,000

Pending: Unit 510 1 bed 2 bath 1083 $655,000

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN Pearl Broker of the Year 2016

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018 Theme-A Sense of Belonging in the Pearl

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

TANNER PLACE

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 80 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

Current there are (zero) listings available in the Tanner Place Condos.

Buyers LOVE the building and need options. If you have considered selling, contact me and we can talk about the value of your urban home. I love selling in the Tanner Place!

Erika Wrenn(w)here Real Estate

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 73 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

GREGORY CONDOS Active: Unit 711 1 bed 1 bath 769 sq. ft $455,000 Unit 521 1 bed 2 bath 1306 sq. ft $619,900 Unit 1108 2 bed 2 bath 1824 sq. ft $1,249.900

Sold: Unit 822 1 bed 1 bath 1002 sq. ft $480,000

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

PARK PLACE CONDOS

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 73 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

There is only one listing in the Park Place.

Buyers LOVE the building. If you have thought of selling, contact me so we can discuss the value of your home confidentially.

Active: Unit 201 2 bed 2 bath 1627 sq. ft $929,900

Sold (in last month): Unit 805 2 bed 2 bath 1033 $585,000

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com

ERIKA WRENN

T 503.312.9770 T 503.222.4373

Pearl District Connect February 2018

Theme-A Sense of Belonging in the Pearl

PEARL STATISTICS: Inventory 2.2 months Average days on market 45 Volume Sold $11,133,300 Average Sold Price $506,059 Average List Price $669,379

Units Listed/Pending/ Sold in September 53/31/22 Total Active: 73 Market Action Index: (measures current rate of sales by amount of inventoryabove 30 is a seller’s market) 41

PINNACLE CONDOS Activity is last month Pending: Unit 503 1 bed 1 bath 800 sq ft $417,900

Sold: Unit 617 2 bed 2 bath 2223 sq. ft $1,325,000

*Volume sold, average sold price & average list price based on January statistics. p. 1

erika.wrenn@where-inc.com where-inc.com