- Associated Press - Wednesday, January 29, 2014

SALEM, Ore. (AP) - Demolition crews are tearing the roof from the old Boise Cascade warehouse in downtown Salem.

The work that began Tuesday starts the process of converting the warehouse into a building with 168 apartments plus commercial space, the Statesman Journal reported (https://stjr.nl/1iapJOG).

By spring 2015, residents could be moving into apartments at the site that’s across from City Hall. Rents likely would range from about $700 per month for a studio to $1,400 for a three-bedroom, two-bath unit, according to Mountain West Investment, the developer.

“The project is being positioned so it has broad appeal from students, to singles, to double-income-no-kids,” said Jason Tokarski, vice president of Mountain West Investment. “I even suspect there will be a few families.”

Mountain West has owned the property, once the location of a paper converting plant, since 2007.

Included in the developer’s plan was selling 3.8 acres of riverfront property to the city for an expansion for Riverfront Park.

The council voted to buy the land for $2 million at its meeting Monday. It’s using money from fees collected from builders known as park system development charges.

Mountain West had planned to build apartments on the riverfront land. Supporters of Salem’s Riverfront Carousel and other park users opposed that concept.

Hazel Patton, one of the original organizers of the carousel, spoke in favor of the park expansion at the council meeting.

“This park is really used and really loved. We are going to need more park space in the near future,” Patton said. “Really folks, this is a good deal.”


Information from: Statesman Journal, https://www.statesmanjournal.com

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