Developer Melvin Mark won exclusive rights to buy land under the Morrison Bridge to create a public market similar to Seattle’s Pike Place.
Developer Melvin Mark won exclusive rights to buy land under the Morrison Bridge to create a public market similar to Seattle’s Pike Place.
Multnomah County has agreed to sell the land to developer Melvin Mark for $10 million. It would cost the development team about $20 million to build the public market and millions more to construct a proposed 17-story commercial tower next to it.
Assuming developers can raise enough money to launch this project, it could lead to hundreds of jobs and give a huge boost local tourism and downtown retail. If all goes well, the James Beard Public Market – as it would be named – could open by 2016.
Read more at KGW.
{biztweet}james beard public market{/biztweet}
