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March 1,2008

Front Porch - Machine Works Building

by shooter

From The Oregonian:

Who's up, down, and upside down in real estate

Big developers do fine with specs in Pearl

The Pearl District's transition from blue to white collar and machine shop to cubicles continues at the corner of Northwest 13th Avenue and Northrup Street.

That's where developers Al Solheim and R.C. Ford are building the nine-story Machine Works office project.

Developers like Tom Moyer and Shorenstein Properties can afford spec office projects without tenants signed up before construction starts. Moyer is scheduled to break ground this spring on his spec Park Avenue West, and Shorenstein is now building its First and Main project.

But spec offices are a tougher game for smaller developers like Solheim and Ford. They don't have the same seas of cash.

Read the full story here...

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aboutpearl district

Neighborhood Association
Board Meetings
6pm, 2nd Thursday of each month
Pacific Northwest College of Art
1241 NW Johnson St.

Committee Meetings

Planning
1st & 3rd Tuesdays
6pm, PNCA
1241 NW Johnson St.

Transportation Sub-Committee

2nd Thursday of every month
3:30pm, Ecotrust
721 NW 9th Ave.

Livability
3rd Thursday of every month
(except June, July & August)
6pm, Umpqua Bank
1139 NW Lovejoy
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Last Tuesday of every month
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