Deal Profile: Jolene’s First Cousin

Jolene’s First Cousin is a two-story, 6,600 square foot retail and residential building in Portland, Oregon with three small retail spaces, two one-bedroom apartments, and 13 bedrooms leased to a transitional housing service provider. Its equity investors, both accredited and unaccredited, accepted a lower current return in order to contribute to the building’s social mission.

Chophouse Row

Chophouse Row is the last phase of a multiyear redevelopment of a cluster of properties in the Pike-Pine neighborhood of Seattle. Completed in spring 2015, Chophouse Row is a small-scale, mixed-use project that includes 25,317 square feet of office space, 6,379 square feet of retail space, and three penthouse apartments totaling 4,795 square feet; total gross building area is 43,543 square feet. The development includes a mix of vintage and modern structures, a pedestrian alley/mews that provides a walk-through connection from 12th to 11th Avenue, and a courtyard and pedestrian plaza at the center of the block that ties together Chophouse Row and the other properties on the block.

The Burnside Rocket

The Burnside rocket is not your average project. The LEED-Platinum infill development in Portland features a ground-floor pub, two levels of shared office space, a top-floor restaurant, and a rooftop garden. The four-story building is a case study in multifunctionality: operable window panels double as canvases for local artists, the roof garden provides fresh produce for the restaurant, and water from an underground aquifer both cools the building and yields 4,500 gallons (17,000 L) of potable water each day—profits from which the developer plans to donate to local public schools. The project embodies the do-it-yourself ethos of its host city and acts as a proper hinge along Burnside Street, the dividing line between north and south Portland.

The Newton

The Newton is an 18,599-square-foot mixed-use retail, dining, office, and events building in Uptown Phoenix, Arizona, housing an independent bookstore with a beer, wine, and coffee bar; a home and garden store; a chef-led restaurant; a small office; and spaces for meetings and events. The Newton hosts hundreds of events each year, whether sponsored by its tenants or booked by the public. It was built within a renovated restaurant/banquet facility whose midcentury modern architecture and old-fashioned cuisine made it a local landmark for 40 years.

Thin Flats

Located among the rowhouses of Philadelphia’s Northern Liberties neighborhood, the eight-unit Thin Flats lives up to its name: each of the two-story units, stacked in pairs, is only 18 feet (5.5 m) wide. Developed by Onion Flats, a family-run Philadelphia-based firm, the new stacked duplexes are a rethinking of the traditional Philadelphia rowhouse—usually a long, narrow, light-deficient typology. The LEED-Platinum project uses light wells to brighten the core of the units, solar panels to provide domestic hot water, green roofing to decrease thermal gain, and rainwater-harvesting cisterns for irrigation of yards and gardens. The Philadelphia Inquirer declared that this blend of environmental and design sensibility “makes Thin Flats easily the most exciting rowhouse project to come out of Philadelphia’s recent construction boom.”

Oslo

Oslo is a nine-unit multifamily rental apartment development on a central-city infill site in the Shaw neighborhood of Washington, D.C. The project has been positioned to appeal to recent college graduates and millennials who want to share a large apartment as a preferable and cost-effective alternative to renting a studio or one-bedroom unit. The building offers three units with three bedrooms and six units with four bedrooms, with typical unit sizes ranging from 970 square feet to 1,410 square feet.