Hey guys... new to the board, love the updates on downtown Portland. Keep it up!!
Quick question for you experts - does anyone know what is going on with the plot of land over near the residence inn on fore street? we've been living on the east end for almost two years and it seems that absolutely nothing has been done with what seems to me is extremely valuable land.
thanks for the insight!!
Hello, AMcDowell,
The waterside lot in front of the Marriott Residence Inn is a dirt parking lot used by the tenants of that one story oddly positioned office structure, home to SMRT architects. Then there is a large loading/parking area for Ocean Gateway. Then the fenced in area, as Gritty's mentioned, was home to a failed development project, see below:
It would have been fantastic, but a lawsuit over ownership of the adjacent parking garage and other issues (including SEC investigations into one of the developers, I think) stalled the thing, even before the recession.
Behind the Marriott is another large site, home to the Bay House project, which has been presented to the city in various forms, including several mid rise towers of up to about ten stories. It was finally approved at roughly 5 stories in several complexes and stages of development. It too has stalled due to the economy, and recently requested a 15 month extension on its site plan approval. If it doesn't begin construction in that time, it will have to start over again.
I agree the land is very valuable, but unfortunately the recession prevented a lot of the pieces of the larger urban puzzle from coming together, and now a lot of the neighborhood complains about the large holes in the urban fabric (and rightly so, but I think it is leading them to think the developers are bad guys or something, when in fact the recession is global in nature and not localized to their backyard).