We've all heard the news about commercial projects stalled or not started at all after careful planning. We are happy to report there are projects getting funding and under construction! The rendering pictured above is 3103 SE Division, the former Reliable Parts building. The developer, Urban Development + Partners, is adding market rate apartments above the renovated ground floor retail. This project is slated to be completed Fall 2010.
Below is a rendering of Alberta Central, located on the corner of NE 18th & Alberta. This project is currently under construction and nearing completion (by the end of this year). This is a partial renovation of a former church and partial new construction project. The developer, Alberta Central, LLC, is developing upper level office and ground floor retail that will be home to Barista, Billy Wilson's second Portland outpost.
Alberta Mercantile, pictured below, is also well underway and slated for completion at the end of this year. It is a major renovation of the former Arthur Cole Candy building. The developers, Alberta Arts Investors, LLC, are converting the former warehouse building into live/work and retail spaces on the corner of NE 14th & Alberta.
It's great to see this activity in a market like this and we're hopeful that it's a sign of more thoughtful, creative projects to come!
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