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PDX City-State: The building that will be demolished would require a full seismic upgrade and has some grade issues as well. It's vacant, and has been forever. It's not a huge loss.
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Any idea what the history is of the building? I'm curious how it even survived the great South Portland Demolition. I wouldn't, at this point, call it a "huge loss" if it goes. However, it is a nice old fabric building and we've seen many times over how a renovation of buildings like these (like the Cox Cleaners/Tasty & Alder bldg) can turn out really nice. Also, Fosler's development history gives me pause -- if it was a potential new project with compelling actors I wouldn't bat an eye at the demolition, but in this case it could end up being far preferable from an architectural and urban fabric perspective to just have the guy renovate the existing building and not curse us with "Freedom Apartments Part II".