What's next for Boise neighborhood's OAME property?
Portland Business Journal
January 24th 2014
The Seattle developer that purchased the Oregon Association of Minority Entrepreneurs offices in December plans to reinvent the property with a mixed-use building including 260 housing units and 25,000 square feet of retail.
Security Properties, which paid $4.2 million for the Boise neighborhood property, submitted a proposal for a Type II Design Review with the city of Portland on Jan. 16. It is teaming with Portland-based Myhre Group Architects and Seattle-based Bumgardner Architects and Interior Design to remake the "superblock," a 91,000-square-foot site bordered by Northwest Williams and Vancouver avenues and by North Skidmore and Mason streets.
OAME will continue to occupy the 31,865-squre-foot office building on the site until construction begins in 2015.
Security's proposal includes:
- A central pedestrian-focused courtyard that will be delivery-accessible, stretching from Mason to Skidmore.
- A mix of one- to six-story facades with three-story townhome-style buildings facing the single-family homes across Vancouver and six-story apartments facing the North Williams side.
- Live/make units will face the courtyard.
- Retail space will extend from Mason north to Williams and onto Skidmore.
- In addition to 260 residential units, there will be parking for 240 vehicles and 300 bicycles.
"We look forward to building a mixed-use residential and neighborhood retail center on this site. We like the neighborhood's sensibility and want to be part of it," said John Marasco, managing director of multifamily development for Security Properties.
The OAME makeover is the latest Portland project for Security Properties, which owns the Honeyman lofts in the Pearl District and recently purchased the Pacific Northwest College of Art site, also in the Pearl District. It will redevelop the PNCA property once the school relocates to its home in the historic U.S. Post Office at 511 N.W. Broadway in the North Park Blocks.