UNDERWAY ON MARSHALL-WELLS LOFT
a Portland real estate investor specializing in preserving and converting
historic buildings into classic living spaces, announced today that the
Marshall-Wells Lofts sales office has opened as construction continues
on the $34 million Marshall-Wells Loft project.
warehouse located on the edge of the Pearl District will be converted
into 164 classic lofts. The building, built in 1910, was once a Marshall-Wells
Hardware Company warehouse according to Ball. It covers the block between
Northwest Lovejoy Street, Northwest Kearney Street and Northwest 14th
and 15th Avenues.
Marshall-Wells Lofts project offers a unique opportunity to live in a
fully-renovated historic landmark listed on the National Register of Historic
Places, and it will give every purchaser a historic tax freeze,
said Ball. Where some lofts can only mimic the design of the classic
industrial buildings of Portlands warehouse district, Marshall-Wells
is a true industrial warehouse. Marshall-Wells exposes and celebrates
its own true nature, Ball added.
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 Portlands livability. It is the
jewel in the crown of the Pearl District, Ball said.
substantial change to the structure will be a 4,500-square-foot atrium
cut in the center of the building from the roof to the third floor. The
atrium will provide ventilation and light to 12 lofts located on each
floor of the buildings interior. Also included will be 6 townhouses
and 19 two-story penthouses. There will be 193 secure, covered parking
spaces. Prices start at $139,000. Special financing is available for qualified
first time homebuyers.
Howard S. Wright Construction is the contractor. Ankrom Moisam, Architect is the architect. Scardina Design Studio and Ankrom Moison are the interior designers.
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 10-6pm, Saturday from 11-5pm and
Sunday from 12-4 pm. The telephone number is 503 223-2255.