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Tuesday, October 4, 2016

The NV, Pearl District's Newest Luxury Apartment Building


Pearl District luxury apartment tower1261 N.W. Overton St
Making city living easy! NV, pronounced "envy" is a 24-story, 284 unit luxury apartment building. The entire third floor is an 7,000 indoor/outdoor entertainment area with a wraparound deck, fire pits, grills outdoor theater, dog run and children's play are. With amenities like these, I could make a 565 SF apartment work! Meet me at the wine bar?

Pearl District's latest luxury apartment tower: starting- $1,595 for 565 square feet 


The latest luxury high-rise to open its doors in Portland's Pearl District is the concrete, steel and glass NV residential and retail building, which occupies a city block.
Residents started moving into the 284-unit apartment tower, with its main entrance at 1261 N.W. Overton St., on Sept. 16 and the grand opening took place Wednesday, Sept. 28.
The 24-story, river view-oriented tower sits 45 degrees off the city grid on top of a two-level retail space, allowing the third level to serve as an open pavilion and lawn.
Here, tower residents can enjoy outdoor theater, barbecuing and yoga. Other perks include concierge service, a covered dog run and the district's only residential valet parking.
The building's name, NV, which is pronounced "envy," is "a play on the French phrase 'Autre Ne Veut,'" which translates to "I want no other," according to marketing materials.
ZGF Architects designed the structure with 225,000 rentable square feet to include live-work lofts on an elevated platform as a nod to the Pearl District's warehouse history. There are also two-story townhomes, and one-and-two-bedroom apartments.
Seattle-based Unico Properties is hoping to achieve Leadership in Energy & Environmental Design (LEED) gold certification, based on the structure's sustainable building materials, high-efficiency systems and other features such as LED lighting.
The green roof of the retail base is the lawn of the third-level terrace. An underground garage includes stalls for electric vehicles, bike parking and a repair station.
Unico, an office and multifamily real estate investor and operator, also owns and manages the U.S. Bancorp Tower (Big Pink) and formerly, Asa Flats + Lofts, an apartment building and retail space in the Pearl District that sold for $105.5 million in July 2014.
NV is competing with properties such as Park Avenue West, where 573-square-foot studios rent for $1,604 month, and Enso, which has similarly sized studios renting for around the same price. The Louisa rents 701-square-foot studios for $1,457 to $2,057. The high-end Janey and Block 17 apartments are also nearby.
Rental rates at NV start at $1,595, and 10 percent of the units were pre-leased before the building was completed, according to Andrew Cox, Unico Properties vice president and regional director.
NV, which was built by Andersen Construction, has one-bedroom, one-bath units that are 565 to 710 square feet. The larger penthouses are 650 to 871 square feet, and "Skyhomes" on the 20th and 22nd level are up to 1,222 square feet.
Two-bedroom, one-bath units are 879 square feet. Two-bedroom, two-bath apartments are 987 square feet or up to 1,274 square feet on the penthouse floor.
What will it take for you to move in? Luxury apartments in the neighborhood boast pet washing stations, lobby wine bars and guest suites for rent.
Non-Pearl District landlords are luring in new tenants with gifts of massages, $99 deposits, waived application fees or a 50-inch TV.
— Janet Eastman
jeastman@oregonian.com
http://www.oregonlive.com/front-porch/index.ssf/2016/09/pearl_district_apartment_nv_zg.html#incart_river_index

Amenities

  • Urban lounge with a double-sided fireplace, full kitchen, private dining suite, fitness facilities, yoga studio, and private conference room
  • Outdoor terrace for entertaining featuring fire pits, water feature, game areas, covered barbeque, outdoor kitchen, children’s play area, and a dog run and wash area
  • Eco-friendly apartments, targeting LEED-Gold certification, including eco-green roof
  • Private underground parking garage with spaces for electric vehicles
  • Bike parking and storage lockers, complete with shower room and fix-it station
  • Concierge-staffed village-square lobby with fireside seating area, nooks for those days you want to work from home, and a place to meet friends for a glass of vino at the wine bar
Check availability at:
http://nvportland.com/the-building/

I don't do property management, but can represent you for purchase of multifamily properties.

Karen Schaaf ACP, GRI
COMMERCIAL BROKER
RE/MAX equity group
Lackman Commercial Group
Licensed in Oregon

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