Trader Joe’s is the grocer that would anchor a development on Portland Development Commission-owned land in northeast Portland.
Trader Joe’s is the grocer that would anchor a development on Portland Development Commission-owned land in northeast Portland.
The urban renewal agency’s board voted to authorize the sale of a nearly 2-acre site at Northeast Martin Luther King Boulevard and Alberta Street for $502,160, $2.4 million less than its appraised value of $2.9 million in December.
The secrecy leading up to Wednesday’s vote was a condition of Trader Joe’s, said Phillip Brown of Majestic. He planned meet with neighborhood and business groups Wednesday night, shortly after the PDC’s approval.
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