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October 22, 2002
For Immediate Release:
Media Contact:
Denny Shleifer, Media Relations
Marshall-Wells Lofts 503 636-6913
Robert Ball, Marshall Wells Lofts 503 223-2255

OCCUPANTS BEGIN MOVING IN TO THE PEARL DISTRICT’S MOST EXCITING HISTORIC RENOVATION PROJECT
Marshall-Wells Loft Project begins move in process October 22nd

Portland, Or.

Robert Ball, a Portland real estate investor specializing in preserving and converting historic buildings into classic living spaces, announced today that the Marshall-Wells Lofts are open for occupancy beginning the week of October 22nd.

“Sales have been absolutely sensational,” said Ball. “We are 75% presold and our buyers are really getting excited to move in. We expect to have most of them moved in before Christmas,” Ball added.

The historic warehouse located on the edge of the Pearl District have been converted into 164 classic lofts. The building, built in 1910, was once a Marshall-Wells Hardware Company warehouse. It covers the block between Northwest Lovejoy Street, Northwest Kearney Street and Northwest 14th and 15th Avenues.

“The Marshall-Wells Lofts project has offered a unique opportunity to live in a fully-renovated historic landmark listed on the National Register of Historic Places, and has given every purchaser a historic tax freeze,” said Ball. “Where some lofts can only mimic the design of the classic industrial buildings of Portland’s warehouse district, Marshall-Wells is a true industrial warehouse. Marshall-Wells exposes and celebrates its own true nature,” Ball added.

“We’ve carefully combined the pure architectural statement of a manufacturing building with a modern residential community. The rehabilitation of Marshall-Wells is a very important addition to Portland’s livability. It is the jewel in the crown of the Pearl District,” Ball said

The most substantial change to the structure has been the 4,500-square-foot atrium cut in the center of the building from the roof to the third floor. The atrium provides ventilation and light to 12 lofts located on each floor of the building’s interior. There are 193 secure, covered parking spaces. Prices start at $183,900. Special financing is still available for qualified first time homebuyers.

Howard S. Wright Construction is the general contractor. Principal Broker Chris Caffee of Pearl Real Estate, LLC heads the Marshall-Wells Lofts sales office team which is located at 1001 NW 14th. The sales office is open Monday-Friday from 10-5pm, Saturday from 11-5pm and Sunday from 12-4 pm. The telephone number is 503 223-2255.

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