The Multnomah County commissioners on Thursday approved the sell of land at the west end of the Morrison Bridge to Melvin Mark Companies and nonprofit James Beard Public Market Foundation, reported the Oregonian. The partners plan to build a 17-story high-rise and a market similar to those on Pike Place, the newspaper reported, and previously reported in more detail in UrbDeZine.
The 3.12-acre property, occupied mainly by parking lots, has been for sale some time. The county had declared it surplus land and had been looking for a buyer.
The two entities are reportedly paying $10.4 million for the property, with the deal expected to close in 37 months.
–Photo by rwentechaney, Flickr Creative Commons