Ben Kaiser’s Radiator building lands a tenant; another 20+-story building planned for downtown; 40 affordably-priced units coming to the Pearl.
BY JACOB PALMER | DIGITAL NEWS EDITOR
Development continues to thrive in Portland.
Ben Kaiser has landed a tenant for his Radiator building on N. Vancouver.
The Bread & Honey Cafe has leased 1,333 square feet of space in the new Radiator building at 3526 N. Vancouver Ave. in Portland. Jorie Girod Willers of Berkshire Hathaway represented the tenant and Carter Beyl of NAI Norris, Beggs & Simpson represented the owner, Deco Diner LLC.
(SOURCE: Portland Business Journal)
The building is equipped with an early-detection system for earthquakes.
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Downtown Portland will likely be getting another 20-plus-story building.
The Lotus Cardroom and Cafe, a bar and restaurant at 932 S.W. Third Ave., is one of several properties on the block bounded by Southwest Second and Third and Southwest Taylor and Salmon that could meet their maker as a result of the new project.
Though initial details have so far been elusive, Ankrom Moisan Architects had a pre-application conference with the city’s Bureau of Development Services last month to discuss a Type III Design Review for the joint development of a boutique hotel of between 19 and 21 stories and an office building of roughly 100,000 square feet of office space.
(SOURCE: Portland Business Journal)
The Pearl, one of the most expensive neighborhoods in the city, will get 40 affordably-priced units.
The project would be developed by Innovative Housing Inc., a non-profit that city officials selected from among five other competing proposals. If approved, the project would open in March 2018.
Innovative Housing plans to develop a six-story building featuring 10 one-bedroom units, 15 two-bedroom units and 15 three-bedroom units. The project would add much needed housing for extremely poor families, with the two- and three-bedroom units reserved for people earning no more than 30 percent of the area median income.
The one-bedroom units would be affordable for individuals earning up to 60 percent of median income, said Kurt Creager, director of the Portland Housing Bureau.
(SOURCE: OregonLive.com)
The development could have up to 64 units.
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