One of Portland's largest concentration of food carts appears headed for a massive redevelopment.
Plans filed with city development officials propose a 33-story tower on the downtown site at 936 S.W. Washington St., better known as the larger half of the Alder Street Food Cart Pod.
A 33-story tower, which could be one of the tallest in the city. The proposal call for a building that includes office space, hotel rooms and apartments, according to city records, as well as 4-1/2 levels of parking.
The plans would take advantage of height bonuses under the Central City 2035 plan, which the Portland City Council is working to finalize. The plan could allow a building as high as 410 feet. It would likely be required to include affordable housing under a city mandate that requires some rent-limited units in large housing projects.
The site is controlled by the Goodman family, which operated it as a parking lot before selling their parking operations empire to Imperial Parking Corp., a Canadian company. But the family kept its real estate holdings with an eye toward redeveloping them.
The family's Downtown Development Group typically partners with other companies to complete the actual development in exchange for a long-term land lease. Greg Goodman declined to comment.
The plans indicate a plan in its early stages that could change, or which might not occur at all.
Another quarter-block on the other side of Southwest 10th Avenue is also used for parking and food carts. Previously filed development plans there call for a 12-story boutique hotel.
-- Elliot Njus
Original Article: http://www.oregonlive.com/business/index.ssf/2018/04/redevelopment_proposed_at_site.html