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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.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Tuesday, June 03, 2014
Citing 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.
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?”
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Monday, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
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