PORTLAND-Nicholson Development Properties’ proposal to close one block of Northeast Emerson Street between 33rd and 34th streets as part of the redevelopment of a long-vacant lot in the Concordia neighborhood will be in front of the City Council in December. The Portland Development Commission, the city’s development arm, brokered the deal with the Seattle developer as part of its plan to revitalize the area.

A New Seasons Market would go at the south end of the closed off block along with another retail building, and a large chain drug store would go at the other end. The sticking point is this: city policy discourages the vacation of streets in order to gain larger blocks for development. The City Council is expected to decide the issue on Dec. 20 after a Nov. 28 stop at the Planning Commission.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.