Mixed-use condo project breaks ground in Belmont area
Daily Journal of Commerce
January 7th 2005
Andria Condominium, a 40,100-square-foot project being undertaken by developer Jerry Haase, is on the rise at a pocket-sized site at Southeast 42nd Avenue and Belmont Street in Portland.
Project general contractor Gray Purcell Inc. broke ground last month on the $4,444,679 mixed-use project, which is scheduled for completion in July.
Designed by Myhre Group Architects, Andria Condominium will feature four-floors of glass, steel and brick. The first floor will offer 4,825 square feet of retail space. The remaining three floors will be dedicated to one- and two-bedroom loft units ranging in price from $170,000 to $440,000.
Haase expects the units will appeal to young professionals and empty nesters looking for an alternative to renting a traditional apartment or buying a house with a yard.
Haase originally held a smaller piece of land in Portland's Pearl, property he traded for two larger pieces of land in the Belmont neighborhood.
But even with trading up, the Andria Condominium site still offers some space restrictions that have posed challenges for the building team. With curbs on Belmont Street and 42nd Avenue, and a building on a third side of the project site, there's little elbow room for maneuvering or staging.
Despite those challenges, however, Gray Purcell President Mike Purcell said the condominium project will be a "nice addition" to the area.
"If all goes well, who knows, there might be plans to build a 'twin' of the Andria right across the street," Purcell added.