Friday, September 30, 2016

687 Unit Development in Lloyd Cinemas Parking Lot Approved

According to NextPortland, the Design Commission has approved the redevelopment of the Lloyd Cinemas parking lot. Plans include 677 apartment units and 12 live-work spaces, along with 37,780 square feet of retail, 536 parking spaces, and 1304 long term bike spaces. The architect is Holst Architecture. A pedestrian pathway dividing the site links Sullivan's Gulch to the MAX stop. Read More.

Tuesday, September 27, 2016

In Portland Tribune Interview, Eudaly and Novick Discuss Rent Control

The Editorial Board of the Portland Tribune interviewed City Council Commissioner Steve Novick and his opponent, Chloe Eudaly on a number of issues at the forefront of the coming election in November. Eudaly claimed Novick was disinterested in affordable housing, and also suggested the City of Portland could enact rent control despite a statewide ban. Novick argued that the state should overturn the ban, and called for a "much bigger discussion" of a rent control policy in Portland. Read more.

Monday, September 26, 2016

Associated Press: Portland Hospitals Join Health Care Plan to Donate $21.5 Million for Affordable Housing

The Associated Press reported on Friday that five major Portland hospitals and a nonprofit health care plan will donate $21.5 million toward construction of nearly 400 affordable housing units. The funds will be part of a larger $69 million capital plan. The donors are OHSU, Adventist Health, CareOregon, Kaiser Permanente, Legacy Health and Providence.

Construction on the 382 units is expected to begin in 2017 and with opening in 2018. Read more.

Oregonian Editorial: The Consequence of Rent Control is More Expensive Housing

In a weekend editorial, the Oregonian Editorial board writes it cannot support rent control. The reason: the unintended consequences include more expensive housing. Read more.

Friday, September 23, 2016

New High Rise Apartment Building in Pearl District Approved by Design Commission

NextPortland reports that the Modera Davis, a 204-unit, 12-story apartment building that will be located at NW 10th and Davis, was approved by the Design Commission.  Along with the apartment units, the plan includes 7,600 square feet of ground floor retail, 145 parking spaces in a below grade garage, and 308 long term bicycle spaces. Amenities include a fitness room, club room, dog lounge, dining room, and terraces. The half block site is the current location of jazz bar Jimmy Mak's. Read More.

Thursday, September 22, 2016

More Accolades: Money Magazine calls Portland "Best Place To Live" (in the West) for 2016

September, 2017
Money Magazine

Population                    622,004
Median Home Price     $349,000
Average Property Tax  $4,285
Unemployment Rate    4.7%

Portland is the place where Portlandia seems more documentary than satire. Farm-to-table restaurants, stretched earlobe rings, craft-beer-swilling hipsters, and cries of “Bicycle right!” are common in this burgeoning Pacific Northwest city. But that quirky spirit, coupled with a vibrant tech culture, is precisely why people are moving here—or moving back.

“When I graduated from the University of Oregon in the ’80s, my college counselor told me to leave the state because there were no jobs,” says Leslie Carlson, a partner with Brink Communications, a small firm that combines social activism and marketing. That’s not a problem today. Portland’s unemployment rate stands at 4.7%, and its 3.3% job-growth rate puts it in the top 10 of large U.S. cities. The arrival of technology companies including wind-power giant Vestas, home-sharing site Airbnb, and venture-backed Puppet Labs has earned treelined Portland the nickname “Silicon Forest.”

Evictions Process in Portland Comes Under Scrutiny

The Portland Mercury did an investigation into the evictions process and contentious landlord-tenant relationships. It points to wide political support for ending no-cause evictions, and dissatisfaction among tenants who feel like winning is "impossible" in the court system as it now exists. The article also offers Clark County as an example of a region with a better system for adjudicating landlord-tenant disputes. Read More.