The latest news of interest to multifamily housing investors in Oregon and Washington.
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Friday, May 12, 2017
Esco Decommissioning 15 Acre NW Portland Site to Allow for Redevelopment
Just north of NW Vaughn Street and two blocks west of NW 23rd Avenue, the Esco Corporation plans to decommission a 15 acre site that was previously home to its main plant. The northern portion of the Northwest neighborhood of Portland has seen a flurry of development activity, including the new Slabtown redevelopment project and the currently under construction George Besaw Apartments. The neighborhood's walkability and access to transit have attracted new residents and developers alike. City zoning for the Esco site would restrict the possibilities for development, however. The site is zoned for "mixed employment," which would allow for office or industrial use, but not residential development. Read more.