- Associated Press - Monday, February 8, 2016

PORTLAND, Ore. (AP) - Portland real estate owners have revealed a plan to bring $1.5 billion in investment to transform one of the city’s oldest neighborhoods.

The Oregonian reports (https://bit.ly/1UWZ36B ) that the Goodman family, which runs the Downtown Development Group, is looking to add 11 new buildings on the surface parking lots between the Burnside and Morrison bridges.

The Goodmans are planning to include both office and residential uses for the new buildings, with space for restaurants and retail. They say they have been in discussions with potential tenants, but have declined to reveal names.

The proposal would allow developers to construct taller buildings downtown under new zoning regulations planned by the city. Five buildings could stand as tall as 460 feet, putting them among the tallest in the city.


Information from: The Oregonian, https://www.oregonlive.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide