A proposal to convert four Multnomah County-owned parcels at the end of Portland's Morrison Bridge into an indoor public market is moving forward.
The proposal was recommended by a five-member panel convened by the county.
Under its proposal, Melvin Mark would pay $10.03 million for 3.1 acres of land being used by the county for surface parking. The company would then spend $120.6 million to convert one of the parcels – Block 16 – into a 17-story, class-A office building with 327,713 square feet of leasable space, and the three remaining blocks into a 110,000-square-foot indoor public market.
Paul for years has pitched the James Beard Public Market and seen it fall through because of various circumstances. Sites discussed previously include the Federal Building at 511 N.W. Broadway and a space in Union Station.
Read more at the Daily Journal of Commerce.
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