{"id":3285,"date":"2019-12-20T22:25:56","date_gmt":"2019-12-20T22:25:56","guid":{"rendered":"https:\/\/melvinmarkcompanies.com\/?p=3285"},"modified":"2020-09-21T23:24:51","modified_gmt":"2020-09-21T23:24:51","slug":"neighborhood-spotlight-downtown-north","status":"publish","type":"post","link":"https:\/\/melvinmarkcompanies.com\/neighborhood-spotlight-downtown-north\/","title":{"rendered":"Neighborhood Spotlight: Downtown North"},"content":{"rendered":"

The city of Portland is amid its biggest development boom since the 1980s, and one area that\u2019s seeing significant change is downtown. In this three-part blog series, we divide the area (south, central, and north) and explore the many exciting real estate projects taking place. Here, we wrap it up with Downtown North.<\/em><\/p>\n

\"\"<\/p>\n

North Area<\/h2>\n

The northern part of downtown Portland is a triangular section that lies between the Burnside Bridge and the Morrison Bridge and is bordered to the west by I-405. The area is home to several Portland staples including Huber\u2019s Caf\u00e9, Voodoo Doughnut, Mother\u2019s Bistro, and Powell\u2019s City of Books. In the next few years, several mixed-use properties, hotels, and apartment complexes will be developed in the area and will increase its popularity even more.<\/p>\n

\u201cFrom the West End to creative office buildings on the waterfront, to shopping, to the hotel district on Broadway, this section of downtown has a little bit of everything,\u201d says Melvin Mark broker Paul Andrews. “It is a microcosm of the broader downtown and with all of the new developments it\u2019s slated to become more of a 24-hour neighborhood, which will be exciting.\u201d<\/p>\n

Smith Block<\/h2>\n

Melvin Mark Investors recently acquired the beautiful Smith Block building at 111 SW Naito Parkway. The property was built in 1872 by Joseph Smith and is one of the few surviving cast-iron buildings along Waterfront Park. It was renovated in 2008 and received a full seismic upgrade, custom wood windows, and a multi-floor glass skylight corridor that adds lots of natural light.<\/p>\n

Part of the building\u2019s 31,688 square feet of space is occupied by renowned restaurant LeChon; the rest of the building (26,000 square feet) is creative office space that is available for lease across four floors. The space can accommodate an array of configurations, from a single office tenant occupying all vacant space to three tenants subdivided between the floors.<\/p>\n

Because of its location, Smith Block offers easy access to major thoroughfares like I-5, I-84, W Burnside, and SW Naito Parkway. It\u2019s also close to several public transportation options as well as restaurants, bars, the downtown shopping district, and other amenities. Best of all, the building provides beautiful views of the Willamette River, Mount Hood, and Mount St. Helens.<\/p>\n

If you\u2019re interested in the available space at Smith Block, please contact Tom Becic (licensed in OR) at tbecic@melvinmark.com<\/a> or 503.546.4513, or Bryn Hokkanen (licensed in OR) at bhokkanen@melvinmark.com<\/a> or 503.546.4534.<\/p>\n

Neighborhood Development<\/h2>\n

(The downtown north area includes properties east to west from the waterfront to I-405 and north to south from Burnside St. to Alder St.)<\/em><\/p>\n

As of December 2019, there are ten properties proposed, approved, or under construction and two that were completed in 2018 or 2019.<\/p>\n