PORTLAND-The development plan for 18 riverfront acres in the middle of the North Macadam District south of Downtown Portland was approved this week by a city land use hearings officer. Assuming no appeals, the hearings office will issue a final decision before Christmas.

The acreage, owned jointly by developer Homer Williams and Oregon Health Science University is located south of the Ross Island Bridge, adjacent another 10 acres Williams already owns. The two properties together make up what is referred to as the area’s Central District. The general plan is for the 28-acre district to include OHSU facilities, several hundred residential units, a conference center and hotel development and office space.

After the 18 acres is officially divided, Williams says he will end up with the equivalent of three city blocks and OHSU will end up with four, “and we will jointly own the hotel site.” At that point, the buying entity, River Campus Investors LLC, will dissolve and OHSU will directly own their property and Williams will own his under North Macadam Investors LLC, the same entity that owns the adjacent 10-acre parcel.

The plans to break ground on the first Central District building this time next year and complete the first phase — one building for OHSU and 200 residential units — in early 2005. By that time, Homer says he expects the city’s new streetcar line will have been extended through the area and an aerial tram will have connected the Central District to OHSU’s landlocked campus atop Marquam Hill.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 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.



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 © 2023 ALM Global, LLC. All Rights Reserved.