The Portland Development Commission received three offers for Centennial Mills, according to The Oregonian. All three offers, valued at $1,000, $100,000 and $3.45 million, were rejected. The redevelopment agency will now consider “how/whether to reengage the market”.
The DJC reported that the under construction Overlook Pointe condominium development at 5425 N Minnesota Ave was burned down in a fire* early Wednesday morning.
The PDC voted to sell property at 1053–1201 NW Naito Parkway to The Wolff Company for $9 million. The Oregonian reported that the developer plans to build 340 apartments on the site, 68 of which would be affordable for at least 10 years.
KGW covered the 1,200 apartments coming to the area in and around the Con-way Masterplan area in NW Portland. Construction is underway on Blocks 294E and 295E and the Leland James Building, which are following on from the LL Hawkins and Slabtown Marketplace. Immediately outside of the masterplan area is Q21, which is nearing completion.
The Portland Tribune wrote about the “new mood in Chinatown“, which after decades of divestment might be seeing a change in its fortunes. The Society Hotel opened last year, and will soon be joined by the newly renovated Mason Erhman Building Annex, Overland Warehouse Company Building and Grove Hotel.
The Portland Mercury profiled Swift Real Estate Partners, the San Francisco Investment Firm that is “Snatching Up Old Town Real Estate“. The company’s acquisitions include the New Market Theater, a historic building adjacent to the Skidmore Fountain that could receive a significant addition.
Project^’s Field Office will create a “300,000-square-foot urban campus“, according to the Portland Business Journal. Construction recently started on the Hacker-designed buildings at NW Front and 17th.
More than 1,000 people applied for the 65 housing units available to people displaced from North and Northeast Portland, according to The Oregonian.
The City is planning a $25 million renovation of the 10th & Yamhill Smart Park, according to the Portland Business Journal. The scope of the project will include addressing seismic and ADA deficiencies in the existing structure.
Three new surf shops are set to open in the next year, reports The Oregonian. These include Cosube, which will open in Slate at the Burnside Bridgehead, and Leeward Northwest Surf & Sea, which will open in New New Crusher Court at 2450 NE Sandy Blvd.
According to the Portland Business Journal, furniture retailer Room & Board will open next year in the Pearl District’s newly renovated Fisk Tire Company Building.
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