Monday, November 3, 2014

Portland's Dilapidated Centennial Mills: 120,000 SF Of New Residential In Draft Development Agreement Next Month?

Last week the Portland Development Commission (PDC) held an informational meeting with Harsch Investment Properties on the potential development of Centennial Mills in a $115 million project that would keep two of its 12 structures while turning the eyesore into a mixed-use development of residential, office and retail space. Harsch Investment has spent $1.4 million exploring development options and is requesting a $38.5 million investment of public funds.

The PDC is likely to schedule public meetings in the coming weeks and may even have a development agreement drafted with Harsch by next month.

Centennial Mills Images: Future Iconic Gateway to the Pearl?