[maccoinnich]

Developers close $20M 'Press Blocks' deal, look to begin demo by year's end



The plan to raze the buildings that once housed the printing operations for the Oregonian and replace them with a three-building, mixed-use development in Goose Hollow have taken another step forward.

Developers said they've closed $20 million deal for the site.

In a release today, Urban Renaissance Group and Security Properties announced that they have purchased the one-and-a-half-block site at 817 S.W. 17th Ave. from the Oregonian's parent company, Advance Publications, for $20 million. Known now as the "Press Blocks," the site is set to be home to an eight-story, 150,000-square-foot office building, a 250-foot-tall apartment building with 337 units and a four-story pavilion building with creative office, ground-floor retail and live-work spaces.

...continues at the Portland Business Journal.