Chief
10-09-2007, 07:20 AM
http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/1191898514282930.xml&coll=7
Once, Portland's demand appeared insatiable. Now, shelved projects and stalled construction dot the city
Tuesday, October 09, 2007
RYAN FRANK and JEFF MANNING
The Oregonian Staff
n the hot real estate summer of 2005, the futuristic John Ross tower generated a buzz never seen before in Portland.
Within a week, 222 potential buyers plunked down $5,000 or more to reserve their condos in the 31-story tower on the Willamette River. The talk around town was that developers couldn't build new big-city condos fast enough to keep up with downsizing baby boomers and newcomers.
But two years later, the condo boom is over.
**SCHNIPP**
Please take a moment to go read and absorb that article from this morning's Oregonian, and consider what this portends for the Boise Cascade site. How long will it be until we hear Gramor is abandoning this effort??
Developing....
Once, Portland's demand appeared insatiable. Now, shelved projects and stalled construction dot the city
Tuesday, October 09, 2007
RYAN FRANK and JEFF MANNING
The Oregonian Staff
n the hot real estate summer of 2005, the futuristic John Ross tower generated a buzz never seen before in Portland.
Within a week, 222 potential buyers plunked down $5,000 or more to reserve their condos in the 31-story tower on the Willamette River. The talk around town was that developers couldn't build new big-city condos fast enough to keep up with downsizing baby boomers and newcomers.
But two years later, the condo boom is over.
**SCHNIPP**
Please take a moment to go read and absorb that article from this morning's Oregonian, and consider what this portends for the Boise Cascade site. How long will it be until we hear Gramor is abandoning this effort??
Developing....