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Los Angeles firm purchases South Waterfront site

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Thursday, January 30, 2014

Mack Urban plans to build a 281-unit apartment building in Portland.

The group bought the 1.67-acre parcel from South Waterfront developer Williams & Dame Development for $7.05 million. It's still early in the project's design phase, which was put off while the merger was in the works, but plans call for 281 for-rent apartments and 250 parking stalls.

Read more at OregonLive.com

 

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0 #1 CitizenGuest 2014-01-31 13:31:50
That’s an incredible price. $4.2 m per acre.

What did Williams and Dame pay per acre, how long ago? How much have they invested? Mack Urban bought a 1.67-acre parcel from South Waterfront developer Williams & Dame Development for $7.05 million.

My bet? Public investments really pay off -- for private owners.
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