The Uptown

PROJECT SUMMARY

The Uptown project is a mixed-use development featuring 8,000 square feet of ground floor retail and 167 apartment units over six floors on one full city block. 11 apartment units are street level 'terrace housing' along three frontages. Parking for the apartments is underground, at grade and on-street for a combined total of 167 stalls. Outdoor living is a key amenity as each unit will have spacious balconies and access to an interior courtyard, street front pocket park and rooftop terrace, all with outdoor seating areas.

Efficiently designed living units will consist of a mix of two bedrooms/two baths, one bedroom plus den/one bath and studios; all with modern finishes. Quality building materials were used with an emphasis on energy efficiency. The Uptown is currently the only LEED Certified Multifamily project in all of Clark County.

The property was sold to Green Leaf Partners, LLC in May of 2019 after a year of successful operations. Prior to closing, the building was stabilized at 94% leased with continued strong demand from the community. Through the vision of Cascadia and its investment partners, the Uptown project was a tremendous success and a market driver for the growth in Vancouver’s downtown core.

Location:
Main St. Vancouver, Washington. Situated in the heart of the redeveloping Main Street 'Uptown' district. One city block bordered by Main, McLoughlin, 17th and Washington Streets. Adjacent amenities include; Clark College with 16,000 students, City Center with 12,000 jobs, the Port of Vancouver with 5,000 jobs, Main street retail, dining and services, convenient access to Interstate 5, favorable tax structure, elementary school, etc.

PROJECT SPECIFICS

LOCATION:
Full City Block at Main Street & McLoughlin in Vancouver’s Uptown District
PROPERTY TYPE:
Urban Mixed-Use
LAND SIZE:
42,000 square feet
ZONING:
Commercial
TOTAL BUILDING AREA:
6 Story Mixed Use Building with 167 Apartment Units & 8,000 SF of Retail
DATE AVAILABLE:
Operational in early 2018
DATE SOLD:
May 2019
MARKET DATA:
Situated along Main Street, a burgeoning retail district, including bistros, brew pubs, coffee shops, boutique shops, and antiques.
PROJECT COST:
$42 Million

ADDITIONAL INFORMATION
Investor Packet (Password Req.)
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