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

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

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Launch

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

October's Launch article features Soul Kitchen, Easy Company and Slick's Big Time BBQ.


Read more...

The short list: 5 companies making a mint off kale

The Latest
Thursday, November 20, 2014
kale-thumbnailBY OB STAFF

Farmers, grocery stores and food processors cash in on kale.


Read more...

Political Clout

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Businesses spend billions of dollars each year trying to influence political decision makers by piling money into campaigns.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


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