White Stag renovation lifts Portland's Old Town

| Print |  Email
Archives - March 2008
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

Energy Stream

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Oregon already ranks as the nation’s second largest generator of hydroelectric power. (Washington is No. 1). Now an elegant new installation in Portland is putting an unconventional, sharing economy twist on this age-old water-energy pairing. The new system, launched this winter, uses the flow of water inside city water pipes to spin four turbines that produce electricity for Portland General Electric customers. 


Read more...

Fighting Fire With Fire

May 2015
Friday, April 24, 2015
BY BEN DEJARNETTE | INVESTIGATEWEST

Timber companies and environmental groups take a stab at collaboration to boost logging and restoration in Oregon fires.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

Picture This

May 2015
Monday, April 27, 2015
BY JACOB PALMER

As a general rule, the more people with autism can be provided with visual cues, the better they will be able to understand and manage their environment. It’s a lesson Tom Keating learned well. The 61-year-old Eugene grant writer spent 31 years taking care of his autistic brother James, and in the late 1980s developed a spreadsheet that created a series of nonsense characters that grew or shrank depending on how much money James had in his account. 


Read more...

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


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