I was cycling past the Benz Spring unit recently, and noticed the signage had been taken down. Curious, I
checked Portlandmaps, and noticed it was sold earlier in the year, for $4.85 million. The concrete warehouse is only valued at $500k, so presumably this was bought with an eye to redevelopment. Does anyone know anything about this this?
More than anything else, I would be excited for this parcel to be redeveloped, because it would trigger a greenway review. A new section of multiuse trail along the river would link the Willamette Greenway trail to South Waterfront via the little used bike path behind the Old Spaghetti Factory. See
Google Maps. Right now the officially designated route involves a very narrow path along the side of the River Forum building.