Home Archives March 2008 White Stag renovation lifts Portland's Old Town

White Stag renovation lifts Portland's Old Town

| Print |  Email
Saturday, March 01, 2008

WhitestagBlock.jpg

PORTLAND Despite its dingy past, Old Town could be entering a new era. The catalyst: a $37 million, 142,000-square-foot renovation of the historic White Stag block, which will house University of Oregon law, architecture and journalism satellite programs beginning this spring and boost the workday population in the area by an estimated 700 people.

“This project lit the spark that will start the process,” said Craig Kelly, vice president of Portland-based Venerable Group, developer and manager of the rehabilitated property that combined three buildings originally built between 1883 and 1907.

For decades Old Town has been plagued with crime, homelessness and dilapidated buildings — not the most desirable corner of the city for would-be developers. But Kelly believes the White Stag project, with its high-profile tenant, will show other developers that the neighborhood is ready for a renaissance.

WhiteStagBlock2.jpg Along with White Stag, Mercy Corps has purchased the Skidmore Fountain Building and adjoining lot to relocate its global headquarters. While the Port of Portland — opting to consolidate its offices near the airport — recently sold its Old Town office building to Washington Real Estate Holdings of Seattle, it will continue leasing the building until 2010, when its new office is expected to be complete.

Washington Real Estate Holdings plans to use the ground floor as retail space and is currently on the hunt for tenants for the rest of the building.               

EVAN CAEL


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

Downtime with Doug Gastich

June 2014
Thursday, May 29, 2014
BY JESSICA RIDGWAY

How the president of BlueVolt spends his free time.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Timber town

June 2014
Thursday, May 29, 2014
BY LEE VAN DER VOO

A forest collaboration saves the Rough & Ready Lumber Company.


Read more...

2014 Best Green Companies to Work For announced

News
Wednesday, May 28, 2014

100BestGreenMore than 350 people turned out today for Oregon Business magazine’s sixth annual celebration of the 100 Best Green Companies to Work For in Oregon.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS