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https://www.oregonlive.com/expo/news/erry-2018/12/2f22989f2a7197/infamous-ne-portland-sugar-sha.html

Infamous NE Portland Sugar Shack strip club to be demolished for housing
By Elliot Njus | The Oregonian/OregonLive | Posted December 05, 2018 at 12:12 PM | Updated December 05, 2018 at 02:04 PM


A rendering of the 140-unit housing development that will replace the former Sugar Shack strip club. (Salazar Architect Inc.)

The black-and-white checkered Sugar Shack is coming down, three years after a coalition of Northeast Portland neighborhood groups banded together to buy the strip club as its owner faced federal prostitution and tax fraud charges.

One of the groups, Hacienda Community Development Corp., plans to start construction next year on a 140-unit affordable apartment project at the site on the corner of Northeast Killingsworth Street and Cully Boulevard.

The demolition work, set to begin Monday, marks the end of a site that was considered a blight on the neighborhood since it opened in 1998.

"It's about showing the community they can aspire to more," said Ernesto Fonseca, Hacienda's chief executive. "It's simply little by little changing the landscape of what our communities are used to seeing."
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Portland Business Journal is reporting (subscription required) that LLJ Ventures from California purchased a property at SE 2nd and SE Ash (using Opportunity Zone funds) and another at 193 SW MLK Jr. Blvd (not using OZ funds.) No development plans are imminent at either location.

Two more Opportunity Zone projects sized up for the Central Eastside
By Jon Bell – Staff Reporter, Portland Business Journal
Dec 6, 2018, 3:54pm PST Updated Dec 6, 2018, 8:33pm EST

Portland developers aren't the only ones looking to develop projects through the new federal Opportunity Zone tax incentive program.

California private equity firm LLJ Ventures has acquired two properties in the Central Eastside Industrial District, both of which lie in one of the 86 Opportunity Zones in Oregon. Opportunity Zones, in short, provide tax breaks on long-term investments in certain low-income census tracts.
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https://www.oregonlive.com/business...racts-major-apartment-office-development.html

Vancouver waterfront attracts major apartment, office development
Updated 12:29 PM; Posted 12:29 PM


Kirkland Development of Vancouver plans a 350,000-square-foot apartment and office development on a site just east of the Interstate Bridge. (Otak Inc.)

By Elliot Njus [email protected]

A building boom along the bank of the Columbia River in Vancouver has jumped to the other side of the Interstate Bridge.

Kirkland Development, a Vancouver firm, announced it had bought the site of two restaurants, Joe’s Crab Shack and Who Song & Larry’s, at 101 and 111 S.E. Columbia Way. It didn’t disclose the price, and the sale wasn’t yet reflected in county records.

Kirkland said it plans a 350,000-square-foot development on the site, including offices and residential units, though it said the development could ultimately include a hotel, retail and restaurants as well.

The Portland-based architecture firm Otak will design the project.
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