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  #121  
Old Posted Mar 15, 2007, 11:56 PM
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Old Town is really starting to take off. I'm loving it...so add this to U of O coming, mercy corps relocating, and all the growing night life, plus a host of other smaller projects that are going on, its going to be a great area. If only the city could've gone through with the fire station deal and the public market then OT would be even more awesome.
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  #122  
Old Posted Mar 16, 2007, 2:03 AM
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Originally Posted by ATR View Post
A Beam press release says they're evaluating a nine-block area (bordered by Naito Parkway, SW Ankeny, NW 4th and NW Davis). And Ankrom Moisan's been tapped to do a master plan/evaluation...the firm's also looking at maybe moving their offices down to the area, too, and OCOM's committed to take 30,000 square feet of space...

Intial concepts are expected to be available for neighborhood comment by mid-summer, with final plans out by mid-fall.

More on this in Monday's DJC...
Welcome ATR!

Who told you Ankrom was moving to Old Town?
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  #123  
Old Posted Mar 16, 2007, 2:59 AM
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Here's the official press release. One thing to note is they say the 9 blocks to be redeveloped stretch to 4th & Davis. Does this mean they finally build something on that hideous surface parking block that is on 4th, Davis, Couch and 5th!? This is so good for the city!

Beam Development and Bill Naito Company Launch Plan to
Reenergize Old Town/Chinatown Properties
Oregon College of Oriental Medicine committed to Old Town relocation

PORTLAND, Ore. – Beam Development and Bill Naito Company have announced a joint venture to redevelop up to 500,000 square feet of property in Portland’s Old Town/Chinatown neighborhood. Brad Malsin, president, Beam Development, made the announcement in a presentation to the Old Town/Chinatown Visions Committee.
“This is an exciting step forward in the growth and revitalization of Old Town,” said Malsin. “Our first job will be to develop a master plan that incorporates all of the Bill Naito Company-owned properties in the neighborhood.”
Ankrom Moisan Associated Architects (AMAA) of Portland will perform the master plan analysis and evaluation. In addition, AMAA is actively exploring the possibility of moving their 275-architect office to the Old Town/Chinatown area. Beam Development has secured a commitment from the Oregon College of Oriental Medicine (OCOM) to take approximately 30,000 square feet of space to accommodate a graduate school and intern clinic, bringing 105 jobs, 275 students and approximately 1,500 monthly patient visits into the district.
“So many positive things are happening in this part of downtown,” continued Malsin, “including the new University of Oregon-Portland campus and a new permanent location for Saturday Market. Between AMAA and OCOM alone, we have commitments for nearly 100,000 square feet of office space that could bring as many as 350 professional jobs to the neighborhood.
“Our family has been invested in the success of Old Town/Chinatown for more than fifty years,” said Anne Naito-Campbell. “Beam and AMAA will be looking for ways to incorporate a balance of commercial, retail, and residential uses which will build upon the good work being done by business leaders in the area right now.”
Jeff Hamilton, the Ankrom Moisan principal in charge of the master plan, said, “The area around the west end of the Burnside Bridge is about to experience a renaissance unlike anything in recent history. We look forward to playing a role in that rebirth.”
According to Hamilton, the master plan process will involve three elements: one) determine options for the best and highest uses for the properties and how they can contribute to and help complete the city’s vision for a vibrant Old Town; two) explore opportunities for synergy between the various blocks such as mixed use retail, work-force housing and office, shared parking and ways to create an active pedestrian environment; and three) incorporate sustainable design and features in both the public spaces and commercial buildings in the area.
The properties slated for evaluation cover a nine-block area bordered by Naito Parkway, SW Ankeny, NW 4th Avenue, and NW Davis Street. In addition, Bill Naito Company has been negotiating with Portland Development Commission (PDC) on a proposal to exchange an option on the Silk & Satin Parking Lot for the rights to redevelop Block 8. PDC intends to seek Commission action on a Development and Disposition Agreement based on this concept as soon as possible.
Beam and AMAA expect to have initial concepts available for neighborhood comment by mid-summer and final plans by mid-fall. More information about the project is available at newoldtownpdx.com.

Last edited by brandonpdx; Mar 16, 2007 at 3:20 AM.
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  #124  
Old Posted Mar 16, 2007, 3:06 PM
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^exciting news, and I'm happy to hear Beam is on board. I think they will be able to do the area justice and work with its historic roots well
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  #125  
Old Posted Mar 19, 2007, 3:32 PM
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It’s a hot time in Old Town
Daily Journal of Commerce
by Alison Ryan
03/19/2007


The redevelopment of Old Town/Chinatown has been a one-step, one-project-at-a-time effort for years. But as future projects line up, the area is now running toward redevelopment.


“When we signed the University of Oregon, that lit the match that lit the fuse,” said Craig Kelly, the Venerable Group vice president who brokered the deal that will bring UO’s Portland Center to the White Stag block in a $31.6 million redevelopment. “Now, it’s really on everyone’s radar screen.”


Latest in the development string is an effort by Beam Development and Bill Naito Co., announced last week, that would redevelop up to 500,000 square feet within a nine-block area bordered by Naito Parkway, Southwest Ankeny Street, Northwest Fourth Avenue and Northwest Davis Street. Oregon College of Oriental Medicine has committed to site its graduate school and intern clinic in about 30,000 square feet of the space. And Ankrom Moisan Associated Architects, which is executing the master plan for the blocks, is exploring moving its 275-employee architectural firm – the 41st largest in the world – from Southwest Macadam Avenue to the area, too.


“We’re going to get people to start looking at Burnside not as the Berlin Wall but as the gateway to another district that’s lively and vibrant,” said Pete Eggspuehler, director of real estate development for Beam.


Developers, working within finite boundaries and with limited property availability, are looking hard at the district, Kelly said.


“Lots of big players are rediscovering, or have decided, that Old Town is on its way up,” Kelly said. “There’s limited space left in the city, and we’re kind of being squeezed from the (central business district) and the Pearl District.”


Other developers have plans for district


A mix of historic properties and surface parking lots make up the fabric of Beam and Bill Naito Co.’s nine-block Old Town site. The development goal, Eggspuehler said, is a mix of workspace, living space and retail space that would be affordable – not subsidized – to work-force residents and smaller commercial businesses. Ankrom Moisan and Beam expect to have initial concepts for the properties ready for neighborhood review by mid-summer and final plans finished by mid-fall, and hope to begin construction as soon as possible. Ideally, Eggspuehler said, the entire complex would be finished within five to seven years.


Other developers have big plans too. David Gold and Howard Davis control the Goldsmith Block, four buildings between Northwest Fourth and Fifth avenues and West Burnside and Northwest Couch streets that now house primarily artist studios but could be a future large multi-use project. Gold and Davis also own the Chinatown parking lot property between Northwest Fourth and Fifth avenues and Northwest Couch and Davis streets.


The team had a “false start,” Gold said, when the Pacific Northwest College of Art decided not to site a new building on the Chinatown parking lot. PNCA in 2006 issued a request for proposals for the possible relocation of its campus; Gold and Davis teamed with Gerding Edlen Development Co. with hopes of moving the college to the lot but lost.


And although Gold thinks it’s just a matter of time before something happens on the site, the lot’s 40,000-square-foot size makes finding an appropriate project tougher.


“Developments of that size don’t come around every day,” he said. But, Gold said, the Naito project may be the push the neighborhood needs. “It gets you to the critical mass,” he said.


The project push could sweep Portland’s homeless out of the district. The neighborhood, which holds Portland Rescue Mission, Union Gospel Mission and Blanchet House of Hospitality, is a destination for homeless citizens. Does redevelopment mean displacement?


“Absolutely not,” Beam’s Eggspuehler said. “The mantra that we keep using is dilute, not delete.”


A host of factors add to the Old Town/Chinatown appeal. The area’s a target within the Portland Development Commission’s Downtown Waterfront urban renewal area, and the agency’s invested planning and funding into projects such as an area market analysis and a $5.35 million effort that turned Northwest Third and Fourth avenues between West Burnside and Northwest Glisan streets to create curb-less, closable-to-traffic, pedestrian-oriented festival streets. The area has good floor-area-ratio and height allowances – with before-bonus tops at 9-to-1 floor-area-ratio and 350 feet of height – that make high-density development possible.


Developers say that a fusion of the Pearl District and Old Town/Chinatown will happen along the Broadway seam, but they believe the work they’re doing doesn’t mean another Pearl.


“The last thing we want to do is scrap it and build another Pearl,” Eggspuehler said. “Sometimes people get scared that it will happen, but I don’t think the neighborhood would let it happen.”

http://www.djc-or.com/viewStory.cfm?recid=29084&userID=1
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  #126  
Old Posted Mar 19, 2007, 7:17 PM
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I like the sound of what this Pete Eggspuehler has to say about the vision for Old Town in general. And also, the attitude represented towards the homeless people there. "..dilute, not delete.". Thats good. I think some kind of coexistance or and/transition to something more mutually beneficial can be done. It'll probably be difficult, but I hope they follow through.
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  #127  
Old Posted Mar 20, 2007, 12:24 AM
zilfondel zilfondel is offline
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Oh god, they're using Ankrom? Again???

I would like to see some innovation... although I'm guessing most of this development will likely be limited mostly to rehabbing?

Although with 9:1 FARs and 350' height limits, it could certainly grow upwards a lot...
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  #128  
Old Posted Mar 20, 2007, 5:52 AM
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Originally Posted by zilfondel View Post
Oh god, they're using Ankrom? Again???

I would like to see some innovation... although I'm guessing most of this development will likely be limited mostly to rehabbing?

Although with 9:1 FARs and 350' height limits, it could certainly grow upwards a lot...
Ankrom did 937. Some of their earlier projects were a little conservative, and justifiably so when the Pearl was in its infancy, but they seem to be getting progressively bolder.
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  #129  
Old Posted Mar 20, 2007, 6:25 AM
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Ankrom did 937.
?

um... Holst did 937.
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  #130  
Old Posted Mar 20, 2007, 6:39 AM
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From Ankrom's website

DESIGN RESPONSE: 937 consists of 114 residential units over ground floor retail & two levels of private parking. The building exterior has a palette of contemporary yet warm materials (done in conjunction with Holst Architecture). The interiors are sophisticated & immaculately detailed. The floor plans offer open, airy living & entertaining spaces that maximize views and natural light.

We're both right.
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  #131  
Old Posted Mar 21, 2007, 10:28 AM
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Holst did the design work and Ankrom has done all the final works to get this building into construction phase. So I would have to say it was Holst who came up with the look of the building.
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  #132  
Old Posted Mar 23, 2007, 3:20 PM
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The developers speak


Daily Journal of Commerce Photo

Visions of a new Old Town
Daily Journal of Commerce
by Kennedy Smith
03/23/2007

Under an awning outside the Merchant Hotel on Northwest Second Avenue and Northwest Davis Street, five of the city's most recognizable businesspeople huddle as a massive hailstorm passes through the city.

Anne Naito-Campbell of developer Bill Naito Co., Brad Malsin and Pete Eggspuehler of Beam Development, Michael Gaeta of the Oregon College of Oriental Medicine, and John Hamilton of architecture firm Ankrom Moisan have gathered in front of the Merchant Hotel in the heart of Old Town/Chinatown for a walking tour halted by the weather.

They all have a vested interest in the area. Naito-Campbell's family heritage is in this part of town, she says. And Naito-Campbell and Malsin are teamed to start master planning a nine-block revitalization of one of Portland's most lifeless districts. Gaeta has agreed to be an anchor tenant, taking about 30,000 square feet in what would be a newly constructed space, and Ankrom Moisan is eyeing the neighborhood to relocate its 280 employees.

Some Portlanders may think of Old Town/Chinatown as a haven for the homeless, an area that is less-than-hospitable, noisy with MAX cars, more desolate and dirtier than the rest of downtown Portland. But the group waiting out the storm on a Tuesday afternoon anticipates breathing new life into the neighborhood in the next few years.

DJC: A lot of people see this area as blighted. Would you call it blighted right now?

Anne Naito-Campbell: I would say it's an opportune area. I wouldn't say it's blighted. It's a great opportunity for growth. This is the last area really in downtown that is aching for development.

DJC: Have there been concerns that redevelopment would take away from the culture that is here now?

Naito-Campbell: Well, the fear of any renovation project is that tenants' rents will go up and they will be displaced. But it's important to keep what is here and to embellish it.

This, the Estate Hotel (at 225 N.W. Couch), is one of the buildings that's on our radar. It currently houses Central City Concern. When the renovated Estate Hotel next door opens up in November, tenants will relocate and it will then make this building one of the key sites, hopefully, of our development plan. It is also the gateway building. This is the entry building, so it could be something wonderful. Then, if the Burnside/Couch couplet happens, this is where the turn will be, so it will be the first thing that people see.

DJC: Central City Concern has been working on this area since the 1970s; yet it seems like one of the most difficult places to revitalize. Why do you think that is?

Naito-Campbell: I think everything in life has a timeline, and this is now our time.

DJC: I've also heard people say when new development is announced, "This won't be another Pearl District." People love the Pearl District but they're afraid of another one being built. Why is that?

Brad Malsin: I think a lot of it is the homogenization of places like the Pearl or South Waterfront, where you get a significant amount of market-rate housing that eliminates a lot of people from being part of the neighborhood. This district has the greatest opportunity to engage the history of the city and at the same time recreate itself in a more functional way.

DJC: Do you see yourselves as catalysts for organic change, or do you want a stake in the look, feel and growth of the area?

Malsin: We want to see a controlled, organic redevelopment, a blend where we're pushing things forward. We have a real sense of the historic inventory of buildings. At the same time we want to add appropriate new construction that will densify and activate the streets and bring more bodies here. What's here is fine. I'm a New Yorker, so this is normal for me. People are afraid of the urban setting, so to speak. But this is the urban setting.

DJC: Do you think Portlanders can warm up to that?

Malsin: There are a lot of people coming here from a lot of places. But people who have been here for a long time will engage it if other people engage it. Saturday Market is successful. The University of Oregon going into the White Stag is in the works. The momentum that has already started, we're going to take that and drive it forward but in a very well-planned, conscientious way to make sure that we as a team approach the community to preserve what's here from the surface side, from the street side, from a historic side, but also to add a lot of activity. We want a 24-7 type of environment here.

DJC: Do you fear that it could fail? I mean, you think of Portland Development Commission, which wanted to revitalize this area, and its efforts didn't work out exactly as planned, to the point where they had to move into the building that they rehabbed (at 222 N.W. Fifth Avenue).

Malsin: I'm not fully sure what the model is that PDC used, but I have my own experience both in downtown and the Central Eastside. The Naitos have their experience, and we're bringing anchor tenants with us, so we're hedging our bets here. We're adding to what's already started. With our anchor tenants and the kind of following that the Naitos and Beam have, we won't have that kind of issue.

DJC: (To Michael Gaeta) What appealed to you when you heard Naito and Beam were teaming up? What made you decide that you wanted to be an anchor tenant here?

Gaeta: To bring the College of Oriental Medicine here to Old Town/Chinatown was a natural fit for us. To be part of the team that's going to help revitalize and reinvigorate this area was very exciting to us.

DJC: Is there a fear on your part that the culture of this area will be depleted with new construction?

Gaeta: I would actually say the opposite. For instance, half our faculty is from China. I would see this as adding to that culture.

DJC: Are there fears that faculty and students will consider this a dangerous part of town?

Gaeta: We've been reassured that any of those issues will be addressed. To be quite frank, many of our students are involved in over 7,000 patient visits a year working with a number of folks from the homeless community and the drug rehab community. So we see that as an opportunity to provide services in this area that aren't being addressed right now.

Malsin: We don't envision this district as for everyone. If somebody wants the ivory tower sort of thing, they're going to go to South Waterfront or the Pearl maybe. But somebody who really wants to engage the community and have that urban experience, that gritty experience, that real-life experience that you get in New York, San Francisco and Chicago, they'll come here.

DJC: (To Jeff Hamilton) You're looking to move to this area. Why?

Hamilton: We've been on Southwest Macadam for about 15 or 16 years, and we're in four buildings now. We've grown from 20 people to 280 now, so we've been looking for a couple of years to move. It takes a while to find the right solution. This opportunity came up. It's a historic center; it's got a lot of diversity. Everybody in our office loves the idea of moving here.

DJC: Are there any negative concerns from employees?

Hamilton: Not so far. Of course, not everybody knows about it yet. We're studying a couple of other opportunities, but this one is in the lead. We're hoping to make our minds up by the middle of April.

DJC: Why do you feel it's been one of the last places to be revitalized?

Hamilton: It's a hard thing to talk about, but the lack of social services, for sure. The parking lots are empty. There's been more development in other neighborhoods that have had city support. So now, if we can just get some momentum, this neighborhood can take off. But it's going to take some tenants coming in.

DJC: What would come in the way of this not happening?

Naito-Campbell: No, we're not going to go there. It's negative.

Malsin: To be perfectly honest, we're not going to let anything stand in our way. Anne is alluding to the fact that we are not going to be deterred from getting this done.
http://www.djc-or.com/viewStory.cfm?recid=29117&userID=1
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  #133  
Old Posted Mar 23, 2007, 3:35 PM
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A surprising renovation
The White Stag block takes shape as an educational complex with stylish sense
Portland Business Journal - March 23, 2007
by Wendy Culverwell

Tearing into an old building always brings surprises.

For Venerable Group Inc., which is renovating the three buildings that constitute the White Stag Block, the exhaustive effort to create a new Portland home for the University of Oregon is no exception.

Nestled between the Burnside Bridge and Northwest Naito Parkway, the White Stag Block is getting a multimillion-dollar overhaul in the form of a down-to-the-studs remake that will transform the 66,000 square feet into an academic complex.

The university signed an 18-year lease that gives it an option to buy the property. When it opens, it will have six classrooms, event space, a computer laboratory, café and other facilities to support architecture and journalism studies, among other programs.

The rehabilitation will create a unified interior within the walls of three historic buildings -- the Bickel (est. 1883), the Skidmore (1880) and the namesake White Stag (1907). But the exterior is a different story.

Each building will reflect its own unique architecture. Listed on the National Historic Register, the trio are considered major contributors to their neighborhood.

The best surprise to date, according to Art DeMuro, president of Venerable Group, is the unexpected iron facade workers found on the side of the Bickel building that fronts Naito Parkway.

Workers were removing the building's faux brick facade when they uncovered an elaborate iron facade hidden from view since a 1950s-era makeover.

It is a classic example of why developers who specialize in historic properties operate under the motto: "Expect the worst, hope for the best and budget accordingly," DeMuro said.

The iron facade offers a bright, if unexpected (read: unbudgeted), opportunity to bring back a long-lost architectural detail.

Venerable is spending about $100,000 from the project's contingency fund to restore the facade, which contains a catalog's worth of different pieces and styles because the details vary from floor to floor and even window to window.

Bremik Construction, the general contractor, recruited Barr Castings to repair the now-exposed facade. The job involves creating more than 500 molds to replicate missing or damaged pieces.

Sadly, the original ironwork was badly damaged when those long-ago workers covered the entire facade with WonderBlock, a cement-based brick-building system. The workers simply broke away the bits of iron that got in their way, leaving jagged edges.

DeMuro said the iron facade is one of many pleasant surprises to crop up.

"They really were very stout buildings, with lots of surface details," he said.

The three buildings were in generally good condition, considering the youngest is a century old. More than 100 wooden windows in the Skidmore and Bickel buildings were in good enough condition that they could be renovated.

Even the unpleasant surprises -- like finding that the weight of the Skidmore building was crushing the dense timber caps between the support columns and beams -- had a positive note. They found they would re-mill recycled timber to replicate the old caps.

For construction workers accustomed to building supports with composite materials, the chance to use real timber was a rare treat. And as an added bonus, it preserves the character of the structure, said Duke Dexter, project engineer for Bremik Construction.

So far, more than 99 percent of material coming out of the buildings is being recycled, either within the project or to building-material recyclers.

It's an important consideration, both because the project is gunning for the U.S. Building Council's LEED gold certification and because it saves money.

Renovations are about one-third complete with completion set for January 2008. Interior demolition is finished and much of the facade work is done, with iron workers putting in the new pieces on the Bickel building this week. Most of the exterior brick and plaster has been repaired.

The next phase will be to create the new interior, which includes a bracing against earthquakes, new mechanical systems and a two-sided elevator that has to make multiple stops per floor since the buildings have different elevations. Using ramps to match up the floors would have taken up too much space, DeMuro said.

Venerable Group Inc. acquired the properties in 2006 from the Bill Naito Co. and formed White Stag LLC to own the property.

The complex financing behind the project entails a mix of traditional loans, tax credit financing and support from the Portland Development Commission.

KeyBank is the chief financial backer, having provided a $26 million loan as well as investments in historic and community development tax credits to support the project.

Jan McKee, relationship manager for Key Community Development Corp., called White Stag a great example of a community investment in a project that will help reactivate a struggling neighborhood.

It is KeyBank's largest commitment to date in Oregon.

And of course, no discussion of the White Stag Block is done without mention of the celebrated "Made in Oregon" sign sitting on the roof. Ramsay Signs owns the sign.

Discussions on the sticky subject of the sign's future -- stay up, come down, alter? -- continue.

But DeMuro noted, the sign doesn't meet modern earthquake codes and needs updating one way or another.

[email protected] | 503-219-3415

http://portland.bizjournals.com/portland/stories/2007/03/26/smallb1.html?t=printable
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  #134  
Old Posted Apr 10, 2007, 9:50 PM
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Oregonian: New housing, shops could enhance Old Town

New housing, shops could enhance Old Town
Posted by Fred Leeson April 10, 2007 14:02PM

Old Town/Chinatown could be headed for another economic shot in the arm as a new joint venture looks at redeveloping about nine blocks into housing, shops and offices.

The Bill Naito Co., which owns three historic buildings and two parking lots in the area, is teaming with Beam Development to look at an area bounded by Naito Parkway, Fourth Avenue, Southwest Ankeny and Northwest Davis.

The blocks hold the potential for new or remodeled projects totaling nearly 500,000 square feet, says Pete Eggspuehler, Beam's real estate development director.

A key element of the Bill Naito Co. plan is to repurchase a block it sold to the Portland Development Commission for a Portland Fire Bureau headquarters; that headquarters plan died when cost estimates surpassed the budget.

Eggspuehler says the goal is to build affordable housing for workers, provide ground-floor retail spaces and attract new businesses. "I'm already trying to get out and recruit new companies and tenants."

http://blog.oregonlive.com/breakingnews/2007/04/new_housing_shops_could_be_hea.html
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  #135  
Old Posted Apr 10, 2007, 10:02 PM
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^I'm so excited about this, I can see Beam building a ton of workforce housing with minimal, if any, subsidies...much needed for downtown!
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  #136  
Old Posted Apr 11, 2007, 7:54 AM
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Quote:
Originally Posted by 360Rich View Post
New housing, shops could enhance Old Town
Posted by Fred Leeson April 10, 2007 14:02PM

Old Town/Chinatown could be headed for another economic shot in the arm as a new joint venture looks at redeveloping about nine blocks into housing, shops and offices.

The Bill Naito Co., which owns three historic buildings and two parking lots in the area, is teaming with Beam Development to look at an area bounded by Naito Parkway, Fourth Avenue, Southwest Ankeny and Northwest Davis.

The blocks hold the potential for new or remodeled projects totaling nearly 500,000 square feet, says Pete Eggspuehler, Beam's real estate development director.

A key element of the Bill Naito Co. plan is to repurchase a block it sold to the Portland Development Commission for a Portland Fire Bureau headquarters; that headquarters plan died when cost estimates surpassed the budget.

Eggspuehler says the goal is to build affordable housing for workers, provide ground-floor retail spaces and attract new businesses. "I'm already trying to get out and recruit new companies and tenants."

http://blog.oregonlive.com/breakingnews/2007/04/new_housing_shops_could_be_hea.html
omfg
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  #137  
Old Posted Apr 12, 2007, 3:12 PM
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Plans may breathe new life into Old Town
Thursday, April 12, 2007
By Fred Leeson
The Oregonian

Old Town/Chinatown could be headed for another economic shot in the arm as a new joint venture starts looking at redeveloping about nine blocks into new housing, shops and offices.

The Bill Naito Co., which owns three historic buildings and two parking lots in the area, is teaming with Beam Development to examine an area bounded by Naito Parkway and Fourth Avenue between Southwest Ankeny and Northwest Davis streets.

The blocks hold the potential for new or remodeled projects totaling nearly 500,000 square feet, says Pete Eggspuehler, Beam's real estate development director.

Bill Naito, who died 10 years ago, accumulated several Old Town properties with his brother, Sam, in the 1960s and '70s. Their renovations helped transform a neighborhood known as Skid Road into Old Town.

Now the biggest transformation since the 1970s appears to be under way. The University of Oregon is renovating three former Naito properties into a new center, and Mercy Corps is finalizing plans for a new headquarters nearby.

Since Bill Naito's death, the properties have been split into two companies. Anne Naito-Campbell and her husband, Douglas Campbell, run the firm named after her father. The other company, Naito Properties, runs the Made in Oregon retail chain, owns office space and is developing condos.

A key element of the Bill Naito Co. plan is to repurchase a block it sold to the Portland Development Commission for a Portland Fire Bureau headquarters; that plan died when cost estimates surpassed the budget. The block, which once housed the original Import Plaza store, is bounded by Couch, Davis, Naito Parkway and First Avenue.

Eggspuehler says the goal is to build affordable housing for workers, provide ground-floor retail spaces and attract new businesses. "I'm already trying to get out and recruit new companies and tenants."

One newcomer will be the Oregon College of Oriental Medicine. Now near Mall 205, the college's graduate school and clinic will bring 270 students and 105 staff members to 25,000 to 30,000 square feet. Eggspuehler says Ankrom Moisan Associated Architects, with a staff of 300, also is considering a move to Old Town.

Ankrom Moisan will do the master-plan analysis. A draft is expected to be ready for public comment by midsummer. Tom Corrollo, president of the Old Town/Chinatown Neighborhood Association, welcomes the development analysis. He says the developer appears to have the community's interests in mind.

Eggspuehler says the plan will emphasize taking advantage of alleys for pedestrian links between public spaces and private properties. "We want to make strong connections so the area is more vibrant than it is today."

Given the limitations of old buildings, most retail spaces would be comparatively small and marketed to local companies rather than national chains, Eggspuehler says.

So far, there's no definite timeline for the plans. "In an ideal world, it would take five or six years," Eggspuehler says. "Five to 10 may be more realistic. Getting it all done quickly would be nice, but the market will drive that."

Fred Leeson: 503-294-5946; [email protected]
http://www.oregonlive.com/portland/orego...ortland_news/1175824530301290.xml&coll=7
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  #138  
Old Posted Apr 13, 2007, 4:20 PM
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Chinatown ready for revival
Developer Malsin signs on to lead effort
Portland Business Journal - April 13, 2007
by Wendy Culverwell
Business Journal staff writer

A major revival is in store for the Old Town/Chinatown district as the storied Naito family teams up with a developer to bring new life to aging buildings at the edge of downtown Portland.

Bill Naito Corp., which gained control of the family's considerable real estate holdings in early 2005, has signed a development agreement with Brad Malsin and Beam Associates on a districtwide renovation. The family controls portions of five blocks north of Burnside Street and several more to the south.

The effort will bring two major newcomers to the neighborhood. Ankrom Moisan Architects and the Oregon College of Oriental Medicine have both committed to relocating their facilities to Old Town/Chinatown. Combined, they need about 115,000 square feet of space and will bring several hundred professional jobs as well as nearly 300 college students and their instructors.

The Naitos signed a memorandum of understanding with Beam a few weeks ago. Together, they will create a master plan for Naito-owned properties, including one block sold to the Portland Development Commission for a new fire station.

The Naitos are negotiating with the PDC to buy Block 8, which they originally sold to the development agency when it wanted to site a fire station there. When the station project was canceled, the Naitos started negotiating to buy it back.

Negotiations are progressing smoothly, said Louis Elliott, president of Elliott Associates, which manages the family's real estate and business.

Collectively, the Old Town/Chinatown properties were struggling with high vacancy rates and deferred maintenance, said Elliott.

To help spur a revival in the neighborhood, the Naitos sold the White Stag property at West Burnside and Southwest First to the Venerable Group, which is remaking it into a downtown campus for the University of Oregon. The multimillion-dollar overhaul of the White Stag property is setting the stage for still more activity.

Elliott said the Naitos saw a chance to create a legacy from the properties that remain in their control. They didn't want to sell off individual parcels in a piecemeal fashion, he said.

"Chinatown is important to the family," Elliott said.

They turned to the development community for ideas and eventually found a kindred spirit in Malsin, president of Beam Development. Malsin's interest in historic preservation and his sense of community resonated with the Naitos, Elliott said.

The preservation-minded Central Eastside developer has converted warehouses into office space and gained prominence a few years ago with his popular but unsuccessful bid to develop the Burnside Bridgehead project for PDC.

PDC selected a different developer, but Malsin's vision of a project with no big-box stores and plenty of affordable housing captured the public's imagination.

Today, Beam's ongoing projects include transforming the former Baptist Manor into an arts colony in Portland's eastside and the pending transformation of the long-shuttered Washington High School, located at Southeast 12th Avenue near Morrison Street, into a mixed-use community.

Malsin himself doesn't miss the irony behind his new partnership: Having lost the chance to make his mark on the east side of the Burnside Bridge, the Naitos have given him an opportunity to do just that on the bridge's west side.

Pete Eggspuehler, a former PDC employee who now directs real estate development for Beam, said the team's vision for the Old Town/Chinatown revival reflects that of the Portland Development Commission, which has identified the stretch as a key redevelopment area.

The development commission is investing in street updates and promoting linkages and connections between buildings, streets and blocks. The district is part of PDC's Downtown Waterfront urban renewal area.

Malsin promises that the Old Town/Chinatown plan will build on the district's architectural and social strengths, not replace them.

The team wants the social service agencies that operate there to stay. It also wants to include work force housing and affordable work space.

"Gentrification doesn't have to exclude others," Malsin said.

The Naitos turned their attention to Chinatown in part because two of their signature properties, The Galleria and Montgomery Park, are requiring less attention.

[email protected] | 503-219-3415
http://portland.bizjournals.com/portland/stories/2007/04/16/story1.html?t=printable
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  #139  
Old Posted Apr 13, 2007, 4:22 PM
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Tenants find a new home in Old Town/Chinatown
Portland Business Journal - April 13, 2007

Ankrom Moisan and the Oregon College of Oriental Medicine both own their current buildings and have the equity to invest in new ones, which makes them substantial additions to downtown.

The college is currently quartered at a 1.1-acre site it owns near Mall 205 in Southeast Portland.

With 230 students in its master's program and 40 pursuing doctorates in traditional Chinese medicine, the school is bursting at the seams, said Michael Gaeta, president.

OCOM turns 25 next year and is accredited by the Commission on Acupuncture and Oriental Medicine and is seeking accreditation from Northwest Colleges and Universities. It has won six major grants from the National Institutes of Health and regularly collaborates with local hospitals, clinics and Oregon Health & Science University on research projects.

Relocating to Old Town/Chinatown is a no-brainer, Gaeta said.

"When we heard about Old Town/Chinatown, it went to the top," he said. "This is going to be our new home."

Jeff Hamilton, principal with Ankrom Moisan Architecture, said his firm has a similar story. Its 300-plus employees are housed in four buildings on Southwest Macadam Avenue -- the original building, which it owns, and three others, which it leases.

"It works, but it would be better in one building," he said.

The firm began considering its housing options three years ago and recently concluded it has about a year to choose a solution for its space woes. Old Town/Chinatown, with its access to the river, MAX and downtown restaurants, is a natural fit.

It hopes to build its own building, near the University of Oregon's White Stag campus, which will house architecture programs.

"We can hopefully have a lot of synergy there," Hamilton said.

-- Wendy Culverwell
http://portland.bizjournals.com/portland/stories/2007/04/16/story4.html?t=printable
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