The buyer, Riverplace LLC, has visions of 600 condominium units,170 affordable housing apartments for seniors and 175,000 sf ofoffice, restaurant and retail space on the northernmost parcel inthe River District, an urban renewal district designed to encouragemixed-use development in the traditionally industrial part oftown.
Riverplace LLC is an Oregon company owned by Tiger PropertiesLLC, whose owners include Tom Kemper of Portland and Stan Harrelsonand John Goodman, both of Seattle. The property sits between FrontAvenue and the Willamette River just north of the FremontBridge.
The tract has been publicly owned since the early 1900s. ThePort has considered it surplus since the 1980s. Port commissionersformally advertised the space in April, giving a 90 days window forformal proposals.
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