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2310 NW Glisan Street Portland, OR 97210
Phone - (503) 223-2255
Fax - (503) 224-2255
rballcos@robertball.com

Marshall Wells Lofts Condominiums

Located on a full city block (200’ x 200’), between NW 14th & NW 15th Avenues and NW Kearney & NW Lovejoy Streets, the former Marshall Wells Warehouse in the Pearl District was converted into loft-style condominiums beginning in 2001. The building was designed in 1910 by Daniel Hudson Burnham, and is on the National Register for historic buildings. The building is an eight story heavy timber structure.

The Project was an adaptive re-use that created 164 residential units, varying from 633 square feet to 2,824 square feet, with 193 parking spaces. The total gross building area is 320,000 square feet. The Project also included 5,794 square feet of retail. Mr. Ball retained an ownership interest in the retail spaces through another company and has successfully negotiated the leases and renewals for the retail spaces. Mr. Ball had an atrium cut out in the middle of the building in a unique design statement. This project is on the National Historic Register and the Mr. Ball negotiated a property tax freeze for the buyers.

Features

  • 164 loft condominium units
  • Sales at opening: 77%
  • National Historic Register
  • Parking spaces woven into original structure
  • Commercial, café, and bistro spaces on street level
  • Lush atrium garden with converted water feature
  • Located on Streetcar line
  • Required approved historic preservation plan, City of Portland Zoning change, and passage of a State of Oregon law.

Next : The Avenue Lofts

Total Construction Area

320,000 square feet

Total Project Cost

$37,000,000

Project Time

1.92 years

Construction Time

16 months