South Waterfront News - Page 17

MarkDaMan · #**321** Posted **Apr 5, 2008, 4:07 AM**

^one day! They are sittin on a gold mine for their next generation.

Castillonis · #**322** Posted **Apr 6, 2008, 5:48 AM**

I was thinking the same thing. The Alexan will be an apartment building. Did the author Libby mean to qualify that with "more affordable"? The statement from the developer seemed indicate that the matisse would be for people with fiscal means to purchase one of the existing condos. There are obvious contradictions in that article. I would call it sloppy or one of the fee for articles pieces.

Sekkle · #**323** Posted **Apr 6, 2008, 6:19 AM**

^ Probably just sloppy. The article states...

Quote:

The project consists of two five-story apartment buildings

while the rendering shows six stories (and I think it was described as 6 in the past as well).

zilfondel · #**324** Posted **Apr 6, 2008, 7:13 AM**

where does it say that this project will be affordable? It doesn't.

MarkDaMan · #**325** Posted **Apr 6, 2008, 7:39 AM**

Since it is a wood framed shorter apartment complex, could it possibly be on schedule to be completed before the Alexan?

MarkDaMan · #**326** Posted **Apr 6, 2008, 7:40 AM**

Also, read somewhere that Prometheus submitted a 2nd tower to the design review commission?

zilfondel · #**327** Posted **Apr 6, 2008, 7:51 AM**

^ sweet! Man Portland really needs new apartments. They're in such short supply... I read that this past year had the lowest number of new housing permits in almost a decade?

BrG · #**328** Posted **Apr 8, 2008, 7:19 PM**

Quote:

Originally Posted by MarkDaMan

^one day! They are sittin on a gold mine for their next generation.

OSF owned all the land that Prometheus is planning to develop. They already cashed in a ton of it.

BrG · #**329** Posted **Apr 8, 2008, 7:20 PM**

Quote:

Originally Posted by zilfondel

where does it say that this project will be affordable? It doesn't.

B49 is planned as affordable (i.e.- subsidized). B46 is market rate. It should cost somewhat less than Alexan to rent in, assuming construction costs end up less (cost escalation could affect that, but stick frame is much cheaper than high-rise... as you most likely know)

MarkDaMan · #**330** Posted **Apr 8, 2008, 8:05 PM**

BrG, I was under the impression that Prom. has owned that land since the 80s, when they proposed a gated community low rise apartment complex?

BrG · #**331** Posted **Apr 9, 2008, 7:37 PM**

Quote:

Originally Posted by MarkDaMan

BrG, I was under the impression that Prom. has owned that land since the 80s, when they proposed a gated community low rise apartment complex?

Interesting. I actually wasn't aware of that part of it. I didn't move here until 1991. The land was aquired about 12 years ago as far as I know. I'll verify. Prometheus' thing is low-rise, wood apartments though. They hold on to just about everything they develop too. They have a LARGE portfolio of properties.

Either way.... the OSF owners (local family) have no doubt been quite eager to get the neighborhood built up around thier waterfront restaurant.

Notably...One that could never be built again with the current regs. (Witness the eager tearing down of the old riverfront Who Song and Larry's building a bit south, with the intent to redevelop....only to have the new project submarined....and no restaurant to re-lease...and no way to reconstruct it. DOH!)

MarkDaMan · #**332** Posted **Apr 10, 2008, 12:32 AM**

^I don't know the entire history of the Prometheus property. I actually learned from those anti-development and PDC hater bloggers about the 'original' plan. I don't know how accurate their accounts are though. I assumed slanted and exaggerated to a pretty good degree.

WestCoast · #**333** Posted **Apr 10, 2008, 1:27 AM**

fencing around the Mirabella site has come down.

Also, the Alexan is looking way better than renders. Even with the awful above ground stuff, the windows are a nice blue color. Looking not bad.

Finally something other than the Ross/Atwater/3720 ugly green tinted windows.

Sekkle · #**334** Posted **Apr 10, 2008, 10:45 PM**

Quote:

Originally Posted by WestCoast

fencing around the Mirabella site has come down.

Came down as in "the wind blew it over" or as in "they removed the fencing from the site and aren't going to build it now"?

Dougall5505 · #**335** Posted **Apr 10, 2008, 11:17 PM**

ahhh!!!!! i can't take it anymore. I'm going through web-cam withdrawal. i might just have to go down and take some pictures...

bvpcvm · #**336** Posted **Apr 11, 2008, 12:23 AM**

Quote:

Originally Posted by ForAteOh

Came down as in "the wind blew it over" or as in "they removed the fencing from the site and aren't going to build it now"?

hahahahahahaha i was going to ask the same thing

but driving by on i5 tonite i craned my neck and caught sight of a bulldozer on the lot...

joeplayer1989 · #**337** Posted **Apr 11, 2008, 7:58 AM**

Quote:

Originally Posted by Dougall5505

ahhh!!!!! i can't take it anymore. I'm going through web-cam withdrawal. i might just have to go down and take some pictures...

yes yes yes, good things happen when u take pictures

Diffbean · #**338** Posted **Apr 11, 2008, 7:35 PM**

Came down as in construction getting ready to happen. Excavation is planned to start next week.

zilfondel · #**339** Posted **Apr 12, 2008, 6:31 AM**

I took some pics today. Need to post them online... too lazy...

Dougall5505 · #**340** Posted **Apr 13, 2008, 1:52 AM**

Ya I was down their too, and theres a excavator on the mirabella site and the alexan's glass looks good.