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March 23, 2023

Portland's plan to convert empty office buildings to apartments isn't sitting well with some developers

  • The City Council last week passed a developer-incentive ordinance that eases some of seismic retrofit requirements and reduces system development charges.
    • By SAM BENNETT
    Special to the Journal

    Photos by Sam Bennett [enlarge]
    A recent Portland City Council initiative seeks to convert office buildings to affordable housing.

    [enlarge]
    Downtown has seen vacancy rates jump to 26% in the wake of racial equality riots several years ago, COVID-19 and the slowing economy.


     
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