May 16, 2008

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OPEN SUNDAY @ MARSHALL-WELLS

By Ben & Heidi Andrwes
04/15/2008 - Three units on tour Sunday.

Sunday April 20th, Ben & Heidi Andrews of Willamette Realty Group will have three Marshall-Wells Lofts open for viewing between 1-4 PM. This is a great opportunity to check out three lofts and how different each can be lived in with varying floor plans and views.

#607 is 768 square feet and offered at $324,000.

Turn-of-the-Century warehouse loft featuring exposed wood slat ceiling, wood beams and cork flooring. Incredibly useful square footage w/Murphy bed and built-in bookshelves. Unobstructed eastern views of city & Mt. Hood make this unit perfect for full time living or city pied-Ã -terre.

#725 is 1140 square feet and offered at $339,000!!! $297 Sq Ft

**Owner will finance, subject to approval**.Built in 1910,this former warehouse was converted to lofts in 2002.This courtyard facing loft has 1140 square feet & could easily be made into a 2 bedroom. Walk-in closet features organizer & cork floors throughout create a quiet space for living in the Pearl. Appliances, parking space & storage included. Taxes $258/year until 2016!

#321 is 1092 square feet and is offered at $399,000.

Tax abated until 2016! This turn-of-the Century loft was originally built in 1910 as a warehouse & was converted to lofts in 2002. North facing, much of the original period charm remains w/ exposed wood beams & slat ceilings. Upgrades include eating bar in kitchen,bamboo floors throughout living space & slate floors in bathrooms.1 Deeded parking space included.

We hope to see you there!

If you need to schedule a different time to view these, or any other properties, feel free to contact us by phone or email.

Ben & Heidi Andrews 503-888-0218 Ben@PearlDistrict.com

Topics: Pearl District Condos, Marshall-Wells Lofts, Marshall-Wells #607, Marshall-Wells #725, Marshall-Wells #321, Ben Andrews, Heidi Andrews, Pearl District
Post: http://pearldistrictblog.com/blog/open-sunday-marshall-wells-.html
Permalink: http://pearldistrictblog.com/blog-post.html?post=120826072410000023

Dorothy English Passes Away

By Jeff Hamlin
04/11/2008 - Controversial Oregon property rights advocate, Dorothy English passed away April 10, 2008 surrounded by friends and family. Her passing leaves her fight with Multnomah County over development or reimbursement for lost value unresolved.

Ninety-five year old Dorothy English passed away yesterday surrounded by close friends and family. She is best known as the controversial face of Oregon property rights advocates. She fought tirelessly during the past several years to protect her property rights and the property rights of others like her. She became the postergirl for Measure 37. She and her husband owned 20 acres within Multnomah County for more than 50 years. Multnomah County revised the zoning of their property, which they originally purchased in 1953, stripping Dorothy English of the real value of the property. Her fight with the County lasted through the end of her life, leaving the unresolved conflict for her grandchildren to attend.

Topics: Dorothy English, Property Rights, Oregon land use, Urban Growth Boundary, Multnomah County
Post: http://pearldistrictblog.com/blog/dorothy-english-passes-away.html
Permalink: http://pearldistrictblog.com/blog-post.html?post=120791842910000022

PDC, USPS Discuss Land Deal

By Ben & Heidi Andrews
04/07/2008 - The property, at 715 N.W. Hoyt St., has vast redevelopment potential. It sits on the eastern edge of the Pearl District, within the River District Urban Renewal Area and just north of downtown Portland.

The Portland Development Commission hopes to close a deal by the end of the year for the U.S. Post Office site just west of the Broadway Bridge.

The property, at 715 N.W. Hoyt St., has vast redevelopment potential. It sits on the eastern edge of the Pearl District, within the River District Urban Renewal Area and just north of downtown Portland.

The property has been mentioned as a possible site for a Major League Baseball stadium as well as an extension of the retail- and office-heavy Pearl District.

PDC Executive Director Bruce Warner will ask the board Wednesday to approve a letter of intent allowing it to enter purchase discussions with the Postal Service. The board must also approve placing $2 million in escrow while negotiations for the site continue.

The 13.4-acre site carries a 2007 assessed value of $108 million. The building, which serves as a processing and distribution center, was built in 1962.

The transfer has approval from U.S. Rep. Earl Blumenauer, D-Ore., who said in a statement it marks a big opportunity for both development and for the Postal Service to seek a better location.

Steven Shain, a PDC development manager, said it would likely take about five years before the post office leaves the site. He believes the land could serve as a research campus for "a footwear company or software developer."

Shain said condominiums or a baseball stadium are unlikely. Supporters of building a downtown Portland stadium have long considered the site as a prime ballpark candidate.

"The problem with stadium uses is that, if you look at Seattle, there's close to $1 billion worth of infrastructure there but no one's there except during the games," he said. "There's no reason to go there unless there's a game."

The building's future has been in doubt at least since Portland devised its Central City Plan in 1988.

"If they relocate, it would make sense to go to more of an industrial area" such as the Airport Way corridor, which has plenty of undeveloped land and is close to both the airport and Interstate 84, Shain said.

PDC hopes to reach an agreement on the purchase and relocation of the Post Office's center by Dec. 31.

agiegerich@bizjournals.com | 503-219-3419

Topics: Pearl District , Pearl District Condos, Ben Andrews, Heidi Andrews
Post: http://pearldistrictblog.com/blog/pdc,-usps-discuss-land-deal.html
Permalink: http://pearldistrictblog.com/blog-post.html?post=120757259710000021