Central Eastside News

[maccoinnich]

50% to 80% MFI is a lot higher in the income scale than I think CCC normally develops for?

The Jolly Roger Will Become Affordable Housing
Central City Concern purchased the iconic dive bar for $1.75 million. The sign was trashed.



After much speculation about what would become of Buckman dive bar the Jolly Roger, WW has confirmed it will become an affordable housing complex helmed by recovery and low-income housing nonprofit Central City Concern. The property was bulldozed this fall and is currently an empty lot.

According to city records, CCC purchased the 1927 building for $1.75 million on July 10, saving a quarter million dollars off its list price of $2 million.

“CCC owns the property, and we’re in the very early stages of planning,” says organization spokeswoman Laura Recko.

So far, the nonprofit’s intent is to develop it as housing for people earning 50% to 80% of the area median income, Recko says. Central City Concern is Portland’s largest social services nonprofit, helping people find housing, jobs, recovery and health care.

...continues at Willamette Week.

[PhillyPDX]

This is a pretty big blow. 400 workers moving to burbs from central eastside, regardless if these workers are mostly remote or not at the moment it still sucks.

Of course I wonder if their rationale for "crime" is legit, then see another story this morning about shooting/homicide yesterday evening only 2 blocks away from this building.

https://www.oregonlive.com/silicon-f...ng-safety.html

[downtownpdx]

Yeah that’s not good. Wonder if recent increased security presence downtown lately is pushing the crime across the river.

[2oh1]

Originally Posted by downtownpdx

Yeah that’s not good. Wonder if recent increased security presence downtown lately is pushing the crime across the river.

I'd have to assume Trimble's decision to move to Lake Oswego predates the recent increased security presence downtown since a move that big takes time to put together. And, to be honest, the recent increased security presence downtown hasn't been that effective, especially after dark, though maybe in time it will be.

[downtownpdx]

Originally Posted by 2oh1

I'd have to assume Trimble's decision to move to Lake Oswego predates the recent increased security presence downtown since a move that big takes time to put together. And, to be honest, the recent increased security presence downtown hasn't been that effective, especially after dark, though maybe in time it will be.

Good point, and I guess it’s not like the central eastside has been doing so great post COVID either. Really hoping the governor’s task force results in some tangible, concrete actions and results this year.

[pdxsg34]

Looks like the project at 306 SE 8th Ave across from the Sandy Pine project has a low likelihood of moving forward, given the property and project plans are currently listed for sale. The design looks different than the original proposal from back in 2017. It's a shame given the effort to get the original project approved, then die, then have this newer project on the market after reaching permit approval. Hope something of substance happens on this site, Sandy has too much opportunity to have big gaps.

[maccoinnich]

Soho House Portland to Open in Early March
The brand’s first Pacific Northwest location will feature a rooftop pool and 4,400-square-foot gym.



Portland is just days away from the opening of its very own glam Soho House, a membership-based “club for creatives” that will be located in the Central Eastside.

A Soho House spokeswoman confirms that it is planning “an early March opening” to Portland’s founder members. Later in March, the club will welcome “Every House” members, who might live in other cities but have access to the whole portfolio of Soho House properties when they travel.

Soho House Portland will include a rooftop pool, a 4,400-square-foot gym, a restaurant, a lounge and a music room for events and performances. The company fully renovated the historic Troy Laundry Building at 1025 SE Pine St. while maintaining some original industrial interior features, such as exposed brick and concrete columns.

...continues at Willamette Week.

[maccoinnich]

Portlanders are lining up for upscale members-only social club, Soho House



If the Soho House Portland smells new, that’s because it is. At least on the inside.

“It wasn’t until a month ago, they peeled up a lot of the protective layer that was on everything and you started to see the hardwood floors,” said Lemmy Cooper, general manager of Portland’s incarnation of the Soho House, standing in the new, immaculate dining room.

The Troy Laundry Building at 1025 S.E. Pine St., now the home of the Soho House, was an artist studio co-op for almost 40 years. In 2016, the building was sold and most of the some 50 artists there were displaced. In 2019, the current owner, real estate developer AJ Capital bought the building for $15.6 million, aided by tax breaks from being in an “Opportunity Zone.”

Soho House is a worldwide network of about 45 upscale social clubs that are part WeWork, part urban country club for Millennials and Gen Xers, and it is leasing the Troy Laundry Building from AJ Capital.

...continues at the Oregonian.

[maccoinnich]

Does Portland Need a Soho House? (Does It Even Want One?)
The status-conscious social club has landed in the Pacific Northwest’s crunchiest city. Some locals wonder: Why?



In a very particular corner of Portland, Ore., there is a dive bar whose vending machine dispenses tarot cards and a dessert joint with a white-water kayak in its bathroom. On a nearby block, for vaguely environmental reasons, a dozen goats used to roam free.

The goats are gone now, replaced by an apartment complex with a Chipotle. Many Portland residents have grown to expect this kind of development; what they were not expecting was a Soho House.

That London-based chain of exclusive members’ clubs, known as a posh hangout for jet-setters and celebrities, will open a new outpost this week in the gentrifying stretch of Portland known as the Central Eastside. Its arrival introduces a rooftop pool, a two-story gym and a restaurant serving steelhead tartare to a freshly renovated industrial building that once housed one of the city’s scrappy artist cooperatives.

Members who apply and are accepted to the Portland club will pay $1,950 a year for access to its amenities; $4,500 a year also grants entry to Soho House locations in London, New York, Paris and Los Angeles.

...continues at the New York Times.

[uncommon.name]

Originally Posted by maccoinnich

...continues at the New York Times.

Well, considering they already have a wait-list. I'd say that people want it.

[jb111120]

1131 SE Oak St will have 61 affordable units.



Progress on Alder.9 at 888 SE Alder St. Will be 9 stories and 159 units of affordable housing.