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|Articles - August 2011|
|Wednesday, July 20, 2011|
By Ben Jacklet
“This is probably the largest private cleanup on the Willamette River to date,” he says as he walks from Zidell headquarters toward a shoreline degraded by PCBs, heavy metals and petroleum waste. “It’s huge. What an opportunity.”
The 30-acre parcel, once used to build and later dismantle World War II Navy ships, has sat as mostly vacant rubble for 16 years as the Zidell family negotiated a cleanup agreement with environmental regulators. With that deal approved in February teams of commercial divers, barge operators and asbestos abatement workers are rushing to bury the pollution of the past and set the stage for urban development. The $20 million cleanup coincides with nearby efforts to build a light-rail bridge over the river and a pedestrian bridge over I-5, turning a former dead zone into a hive of activity.
Contractors have removed upland “hot spots” of pollution and are capping the riverbank with sand and rock armor to seal off the contamination, followed by “habitat gravel” for the fish. Landscaping will follow, along with street grids and eventually, the city’s newest neighborhood. The Oregon University System is developing a life sciences research center at an adjacent property owned by OHSU, and plans are being hatched for as many as 20 new mixed-use towers, park blocks, green spaces and a waterfront bike path. The Zidell barge-building facility will remain for a while but will likely be dismantled eventually.
ZRZ Realty, the holding company for the property, plans to develop the area piece by piece, following the market. “This is the next really interesting part of the city to develop,” says ZRZ’s Matt French.
Fishman and Zidell are consulting with environmental officials to make sure the fast-moving cleanup meets the company’s obligations. They expect to finish by November 2012. Then begins the work of building an urban center from scratch, at a time when the city’s real estate market may be recovering — or not.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Wednesday, July 09, 2014
BY 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.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
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