[360Rich]

Office building planned for last open real estate on Vancouver waterfront

Posted by The Oregonian October 04, 2007 18:21PM

The Kaiser Shipyards and surrounding industry once defined Vancouver's waterfront.

That changed in the mid-1990s. Developers built townhouses, condominiums, an office building, a hotel and restaurants. The area between the former World War II-era shipyards and the Interstate Bridge hasn't been the same since.

Today, one of the developers, C.E. John Co. Inc., announced plans for the last piece of open riverfront land: a 22,540-square-foot office condominium called Two-Thousand-One. The two-story building will nestle between Beaches Restaurant on the west and the Meriwether Condominiums on the east.

C.E. John built and owns the building containing Beaches, the McMenamins next-door and a nearby office building. The company also built and sold the Meriwether Condominiums.

The opening of Beaches and McMenamins altered Vancouver's attitude toward the Columbia River, said Gerald Baugh, the city's manager of business development.

Along with the city's construction of an oversized sidewalk next to the river, called the Renaissance Trail, "that really set the tone for doing something positive on the waterfront," Baugh said.

The office building will include four spaces, each with about 5,000 square feet, that will be sold for "in excess of" $550 a square foot, or more than $2.75 million each, said David Arredondo, vice president of development for C.E. John. He said one of the units has been presold.

Arredondo said the entire project is valued at $5 million, excluding land value.

Construction is expected to start later this month and take about a year.

http://blog.oregonlive.com/breakingnews/2007/10/office_building_planned_for_va.html

[PuyoPiyo]

Isn't that yellow grass area is it?

http://maps.google.com/maps?hl=en&safe=off&um=1&ie=UTF-8&q=ce+john+co+inc&near=Vancouver,+WA&fb=1&cid=0,0,12688296929620047424&sa=X&oi=local_result&resnum=1&ct=image

[CouvScott]

Office-condos to adorn riverfront
http://i40.photobucket.com/albums/e214/couvttocs/cejohn.jpg
Saturday, October 06, 2007
BY CAMI JONER, Columbian staff writer

Vancouver's C.E. John Co. has announced plans to build a $5 million office-condominium project on a prime waterfront property upriver from Beaches Restaurant & Bar.

It looks like construction on the two-story project will start later this month, despite earlier proposals that have fallen through.

C.E. John, a private real estate investment and development company, had originally pegged the Columbia River site for a five-story project with underground parking, a design that drew some negative feedback from neighbors.

"The smaller building has a much more complementary feel for nearby businesses, residents and restaurant guests," said David Arredondo, vice president of development.

Called Two-Thousand-One for its address between Beaches and the Meriwether Condominiums, the 22,540-square-foot building will include four 5,000-square-foot office-condo spaces priced at approximately $2.75 million each. Arredondo said one condo space has been sold.

"They all have views of the river," Arredondo said, an amenity he expects will attract "businesses that have a certain threshold for image."

Priced at more than $550 per square foot, the office condos are more than double the price of similar space in suburban areas of Vancouver, said Byron Roselli, a vice president with Eric Fuller & Associates real estate firm in Vancouver.

"It (the waterfront site) will obviously be a very strong image location," Roselli said.

The C.E. John Co.'s affiliated construction company, James E. John Construction Co., will be general contractor for the project, designed by Gary Rommel of Rommel Architectural Partnership in Portland. C.E. John plans to use green-building LEED (Leadership in Energy and Environmental Design standards) construction practices on the project.