$3.8 million for wine storage


Developer Rick McClish created a $3.8 million storage and wine vault business in a SE Portland historic landmark.

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Developer Rick McClish created a $3.8 million storage and wine vault business in a SE Portland historic landmark.

The building is located in the Central Eastside Industrial District, and is no ordinary storage unit.

Rose City Self Storage & Wine Vaults — a completely indoor operation — features 849 storage units, including a full basement of wine lockers maintained at the optimum climate. The basement also features a community tasting room. The upper floors are carpeted and feature replicas of Southeast Portland street signs. Open wooden beams give the building a rustic feel, but a state-of-the art security system is in place.

Developing the building, McClish said, was a challenge.

“It was originally built in 1921 as the Jones Cash Store,” he said. “They were outfitters for gold miners. When I found the building it was run down and ready to fall over. But I took the plunge. I’m a 60-year-old guy who gets easily bored.”

Read more at OregonLive.com.

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