Developer buys Shleifer Furniture building, plans wooden high-rise at different site


Beam Development mulling a cross-laminated timber tower near the west end of the Burnside Bridge.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

Beam Development is mulling a cross-laminated timber tower near the west end of the Burnside Bridge.

Owner Brad Malsin said in the Portland Business Journal that he would like the building to be 20 stories.

Beam is well into its Phase 1 of Block 75 at the Burnside Bridgehead, a 10-story mixed-use project that it’s developing with Urban Development + Partners. That project, which is set to top out in the next few weeks, will offer 7,800 square feet of ground-floor retail space, 32,000 square feet of office space and six floors of apartments. It’s expected to be completed by next summer.

Beam’s plans for a wooden high-rise come in the wake of last week’s announcement that Portland’s LEVER Architecture and project^ were awarded $1.5 million in the U.S. Tall Wood Building Prize Competition, prize money that will go toward research and development for a 12-story timber high-rise in the Pearl District.

(SOURCE: Portland Business Journal)

Beam announced that it bought the Shleifer Furniture building in the Central Eastside Industrial District. The plan is to turn the historic structure into a hotel.

In a press release, the company said Beam’s planned “historic renovations” were “one of the key elements” that went into Shleifer’s decision to sell the building. His grandfather and father opened the business in 1936.

“I’ve done my best to make sure the building, and our business, was a cornerstone of many of the things going on around here,” Shleifer said in the release.

Shleifer, 70, wants to retire soon. He said he encouraged his children to “seek their own ways, and if they wanted to come back to the business, then we’d continue. They’ve chosen other paths, but I couldn’t be happier.”

(SOURCE: OregonLive.com)

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