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PDX real estate roundup

Developers plan Gresham business park; Oliver Station in Lents up for design review.

Prospective manufacturers and distributors could move into 66 acres of the Gresham Vista Business Park if the Port of Portland seals the deal.

Specht Development is negotiating with the Port of Portland, which owns the park, to buy 37.3 acres bordering Northeast 223rd Avenue. In a pre-development application to the city of Gresham, Specht said it wants to erect three buildings: a larger one of 427,000 square feet and two others of 120,000 and 108,000 square feet. The company declined to comment on purchase or construction prices, but based on other Gresham Vista projects, its development should cost about $45 million.

…The other company negotiating with the Port is Trammell Crow, which is also developing the Subaru property. It wants to buy three lots totaling 28.7 acres along Northeast Glisan Street between the vacant Toppan Photomask building and On Semiconductor.

(READ MORE: Portland Tribune)

The Oliver Station building on Southeast Foster Road will get a remodel if the city approves Ankrom Moisan Architects’ plans.

Oliver Station’s location is at the Lents Town Center along Southeast Foster Road, and includes a former gas station lot across the street from the New Copper Penny club’s lot. Plans include street-level commercial, retail and landscaping, along with affordable housing apartments.

“We are proposing a five-story building for both sites, so it will be a significant difference architecturally for the area,” said Paul Jeffreys, the project manager and principal designer on the Oliver Station project at Ankrom Moisan. “It’s definitely going to increase density in the area.”

(READ MORE: Portland Tribune)

RELATED NEWS: Eugene apartments sell for $43.1M; Feds push development restrictions near salmon-bearing streams; Portland metro real estate roundup .

Last modified onFriday, 22 April 2016 11:00

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