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|Articles - January 2011|
|Thursday, December 16, 2010|
Jon Kellogg, a 22-year veteran of the commercial real estate industry, says he caught a lot of flak when he first began considering bringing mixed-use development to North Williams Avenue.
“People thought we were crazy for looking at this area,” he says.
But Kellogg liked what he saw: a dense neighborhood a mile and a half from downtown, affordable buildings ripe for adaptive reuse and all the financial benefits that come with an “urban renewal area” designation.
And then there were the bicyclists. “We’d sit there and watch them ride by,” says Kellogg. “It was a constant stream.”
It used to be that practically nobody rode bicycles through this neighborhood. The latest counts find 2,700 bike trips per day. Kellogg decided to make bikes a central part of his redevelopment strategy.
After six and a half years of work, Kellogg and partner Thad Fisco of Portland-based Commercial Realty Advisors have transformed the neighborhood. Twenty tenants populate their 30,000-square-foot HUB building, offering everything from holistic veterinary care to a chocolate potato doughnut with crème anglaise. Their building down the street at 3961 North Williams houses the United Bicycle Institute, where hundreds of students learn mechanics and frame building each year. The storefront has large windows showing employees of Queen Bee Creations working the sewing machines. Among the businesses coming soon are the Hopworks Urban Brewery, a salumeria (Italian for salami shop) called Chop and a bike wheel shop called Epic Wheel Works.
There’s a name for this: bicycle-oriented development. Bikes sell well in Portland, and they also offer practical advantages. As Kellogg and Fisco learned on North Williams, it’s a lot easier to install 127 bicycle parking spaces than to build a parking lot.
It brings in new customers, too. When Valentine’s Day came, Pam Zsori’s Ink & Peat home and floral shop was flooded with biker boys trying to cram organic bouquets into their messenger bags.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
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.
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