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  #821  
Old Posted May 8, 2008, 12:53 PM
RED_PDXer RED_PDXer is offline
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Those average asking prices and unit sizes may not tell the whole story. The smaller and cheaper units may be less available than the larger and more expensive units, or vice-versa? Also, I thought the Encore had much more available units. Maybe "vacant" units is defined uniquely for this? Interpreting second-hand data is always a mixed bag..
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  #822  
Old Posted May 8, 2008, 2:53 PM
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Nice price for that Irving street Loft unit 1295sf for $354,000. Anyone know why its so cheap?
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  #823  
Old Posted May 8, 2008, 4:26 PM
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It's probably unfinished. Those spaces are really nice, but pretty rough. I love them, but a lot of condo buyers want something more refined...like the Henry.
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  #824  
Old Posted May 8, 2008, 4:55 PM
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I think this is a gross underestimation of vacancies. Since this info comes from realtors, it is likely that this is a list of vacant RMLS listings, not a listing of vacant units. The header for the third column even says, “Available Listings”, not “Available Units.”

I’m willing to bet that the 937 has more than 20 available empty units, and that the Encore has more than 17 available empty units. Developers usually don’t have a listing for every available unit, just a small number of listings representative of the types of units they are selling.

It would not surprise me if the Encore and the 937 had on the order of 100 unsold units each, which would increase “vacancies” to around 500. Even that would probably be an underestimate of vacant units, since any unit that is reserved but under construction is technically vacant. For example, if someone is currently living in a condo at The Elizabeth, but has a condo reserved in the 937, then although both units are “unavailable”, in reality there is one vacant unit because that person isn’t living in both condos simultaneously.

In addition, by ignoring condos with fewer than 20 units, this table leaves out smaller condo buildings, such as Block90, which currently has 11 active and vacant listings.

Last edited by Leo; May 8, 2008 at 4:58 PM. Reason: typo
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  #825  
Old Posted May 8, 2008, 7:30 PM
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Sheesh, those average list prices are freaking outrageous. Go figure.
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  #826  
Old Posted May 8, 2008, 9:25 PM
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Yikes! I'm surprised any place in Portland can demand those prices!
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  #827  
Old Posted May 9, 2008, 5:10 AM
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Originally Posted by bvpcvm View Post
^ luckily, it's look better and better for the one candidate who isn't proposing that kind of "solution"
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  #828  
Old Posted May 9, 2008, 7:40 AM
philopdx philopdx is offline
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Well, you know, all I have to say is that peak oil, whenever it may arrive (assuming it hasn't already) is gonna 🞵🞵🞵🞵 real bad.

It's going to be really expensive to build out transit; which includes high capacity(think rail), buses, bike lanes and paths, pedestrian access,etc.

But it's going to be unbearably, devastatingly expensive to keep chugging along sucking down oil as the price rises into the stratosphere, crimping the very revenue sources we need to shift to a less oil-intensive kind of livelihood.

And not just that, but only 8% of the world's oil supply is accessible by the big corporations like Exxon and BP; the rest is controlled by sovereign operations like Aramco of Saudi Arabia or Gasprov or Russia.

So even if we uncork a massive supply of new oil through the more exotic sources like oil shale and tar sands, chances are we'll have to convince a state-owned oil company to allow us to pursue it. I wonder what the chances are of that happening?

We could always "drink their milkshake" - where is Daniel Plainview when you need him?

Oh well, we're going to reap what we've sown and the chickens are coming home to roost. <sigh> Sorry for the metaphorical overload

I'd hate to be a Hummer dealer right about now...

http://www.washingtonpost.com/wp-dyn/content/article/2008/05/01/AR2008050103773.html
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  #829  
Old Posted May 11, 2008, 6:25 AM
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Update 5-10-08:



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  #830  
Old Posted May 11, 2008, 9:18 AM
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360 Panoramic of Riverscape North river front

360 Panoramic of Riverscape North river front
This panoramic needs some more work, but I thought I would post a rough copy up for your viewing. The button on the far right will give you a full screen once the entire file has loaded. You may turn off the music by pressing the pause button on the bottom row of controls.


http://www.myphototours.com/examples/0014/virtual/PacificaNorthRiverFront.html

NOTE: I took all of the photos that comprise this image and media on Sat 10May08.
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  #831  
Old Posted May 11, 2008, 3:41 PM
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is this one apartments yet?
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  #832  
Old Posted May 11, 2008, 6:51 PM
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They put up advertisements all over my building (Kearney Plaza) and gave us all our "credits for condos" balance in hopes that people here will buy...
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  #833  
Old Posted May 15, 2008, 4:40 AM
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hope matters

i walked around down there, and the spot could be so incredible. the finish of the townhouses really got hit with the value engineering. the materials are pretty cheap, and b/c of that they put together poorly. the flashing, the gutters, downspouts and flush lap metal siding really renders the buildings badly. The boardwalk, the lighting, and railing are really going to make a nice walk along the river. certainly the tall condo tower will never be built. the market, the neighbors (NIMBYS), which must live miles away, as well as the almost adopted North pearl district plan will not allow what they were proposing. Really what is needed is some diversity, some uses to bridge between the residential, and the industrial and commercial. As it is the building paper is peeling of the neglected construction. It really is a pity, b/c Portland really has not capitalized on its river. it is such an asset that this city has not fully taken advantage of. i am sure it will some day, and we will probably all be kicking ourselves for not negotiating one of these units? who knows. i will wait and see - i think there is hope for this piece once it is stitched in.
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  #834  
Old Posted May 15, 2008, 3:27 PM
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Quote:
Originally Posted by crow View Post
i think there is hope for this piece once it is stitched in.
I think this statement is perfect, I relay hated Park Place in the Pearl but now the district has filled out it's not nearly as offensive. I think this area will bloom once the market comes back.
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  #835  
Old Posted May 16, 2008, 2:11 AM
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Riverscape seems like it could have fences around it, like a Portland version of a gated community that are all over Phoenix. That might be because of the location, but I don't think the architecture mirrors the transition between housing and industry. The architecture is bland and uninspiring. It seems like an island to me. I would have liked to see some live work spaces that mirror more of the early Pearl yet recognizes the industrial land that is around it. It is so close to the Pearl yet it feels a million miles away when you are there.

I just can't place my finger on why it seems so odd and out of place to me.
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  #836  
Old Posted May 16, 2008, 2:21 AM
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^you might be right. Portland seriously lacks a real architectural reporter since Gragg stopped writing for the bOregonian. It seems like a lot of stories I read about development now report things that are outdated.

I wish Brian at Portland Architecture had more time to fill the gap. I appreciate that a lot of his focus is on smaller treasures, but I only make special trips to the small projects when I see them featured on sites like Portland Architecture. Whereas I see the massive projects rising all over town daily and would like a more in-depth understanding of the who,what,why of the towers rising around town.
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  #837  
Old Posted May 20, 2008, 5:44 AM
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  #838  
Old Posted May 21, 2008, 7:21 PM
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Some big changes in store for Meier & Frank depot building
$20 million renovation will convert warehouse into offices and 240 parking spaces
Daily Journal of Commerce
POSTED: 06:00 AM PDT Wednesday, May 21, 2008
BY SAM BENNETT

Construction is set to begin this summer on the $20 million renovation of the Meier & Frank Delivery Depot building in the Pearl District.

The renovation, designed by GBD Architects, will transform 160,000 square feet of warehouse space into Class A office space and 240 parking spaces. In addition, the renovated building will have a 25,000-square-foot penthouse.

Meier & Frank owned and operated the building, which takes up a full block at Northwest 14th Avenue and Northwest Everett Street, until the early 1980s. The Oregon Historical Society used it as a warehouse until about 1998.

Keith Skille of GBD Architects, project manager for the renovation, said the building had been considered for retail space and even as a hotel in the last few years. But due to a lack of funding and other reasons, those plans didn’t materialize. The Telco Hotel renovation project got under way in 1999, but was quickly scrapped because of insufficient finances.

“It took a while to find the right mix,” he said. The developer for the new project is Gerding Edlen Development Co.

The 81-year-old building is on the National Register of Historic Places and was designed by Sutton & Whitney, the firm that designed the Masonic Temple on Portland’s Park Blocks.

The building was used to store home furnishings and other items for sale at Meier & Frank. Customers at the retail chain would select the furnishings and they would be delivered from the depot building, Skille said.

Skille said the building was designed in the “half-modernist” style, with elements of late 1920s modernism and Beaux Arts.

“It has a stripped-down classical sort of architecture that has a clean and simple exterior,” he said. The steel beams on the interior are encased in concrete.

The renovation will include a seismic retrofit. New elevators are needed because the original freight elevator is not operable.

Some 12,000 square feet of retail space is planned at the base of the building, on the 14th Avenue side. About 240 parking spaces will occupy the ground floor and the entire second floor.

The building, which will get new windows, will lend itself well to an open floor plan, Skille said. “The amount of daylight you get around the perimeter is just incredible,” he said.

The penthouse will be a wood-frame structure, in sharp contrast with the concrete building it sits atop. Skille said the penthouse will incorporate Glu-Lam beams.

The project, which will have exposed ceilings, solar panels atop the penthouse and an under-floor air distribution system for better thermal comfort, is designed to achieve LEED platinum certification.

The design also calls for a 165,000-gallon water storage cistern that will harvest 80 percent of storm water. Other LEED features will be bicycle storage and locker rooms; new wood products that are FSC certified; low VOC-emitting paints, carpets, adhesives and sealants; and composite wood products.

The project team is: Skanska USA Building, general contractor; KPFF, structural engineer; Glumac, plumbing, mechanical, electrical; Lango Hanson, landscape architecture; HHPR, civil engineering; and the historical consultant is Heritage Consulting.
http://www.djcoregon.com/articleDetail.h...-million-renovation--will-convert-wareho
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  #839  
Old Posted May 21, 2008, 9:40 PM
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Meier & Frank Delivery Depot delivers its first lease
DJC
POSTED: 04:14 PM PDT Friday, May 16, 2008
BY TYLER GRAF

Skanska has signed the first lease for the Meier & Frank Delivery Depot, the latest Gerding Edlen Development project. The construction and development company will be leasing about 20,000 square feet. The company had been in talks to lease the property for a few weeks.

The project still doesn't have a budget yet, says its project manager Patrick Wilde, but that should be formalized in the next month or so. As early as Monday, however, leases may be signed for two more portions of the building.

The leasing news comes during a productive week for the project. The Landmarks Commission gave GBD Architects the go-head for renovations of the historic building this week, too. Most of the paper work on the project is completed, Wilde says, and Gerding Edlen would like to start actual work on the building sometime in June.

http://www.djcoregon.com/articleDetail.h...-Delivery-Depot-delivers-its-first-lease
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  #840  
Old Posted May 23, 2008, 6:30 PM
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360 Virtual Panorama Machine Works and Pearl Safeway

360 Virtual Panorama Machine Works and Pearl Safeway (Click on image for virtual panorama)


Panorama Controls
Turn off the music w/ the pause button located in the bottom row controls
Enlarge to full screen by clicking the button on the far right after the files have loaded completely.
Navigate by clicking the screen with your mouse and dragging.


NOTE: I took the photos that comprise this media and photo stills on Thursday 22May08.
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