PDC to Buy Six Central Eastside Parcels

At yesterday’s Board of Commissioners Meeting, the Portland Development Commission (PDC) formally considered a purchase and lease agreement with the Oregon Department of Transportation (ODOT) for over 4 acres of land in Portland’s Central Eastside Industrial District.  The land falls between SE Taylor and SE Madison Streets at SE Water Street. PDC would use money from the urban renwal district for the $2.8 milllion price tag. PDC would also pay about $165,000 per year to ODOT to lease 3 nearby parcels.

The PDC hopes to use the purchase to “control three full city blocks of real estate in a strategic central city location and enable PDC to deliver on goals to increase affordable industrial space and district parking.”

Read more:
Portland Business Journal: PDC prepares to buy key Central Eastside blocks, non-industrial uses in play



Previous Post
VOTE! VOTE! VOTE!
Next Post
Thank You Veterans

The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Think Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

This content was last updated on . Some properties that appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Real estate data API provided by the Velocity web hosting platform, powered by Benish Design.