THE AVENUE LOFTS - PORTLAND

1001 NW 14th Ave

The Avenue Lofts is a true conversion of a warehouse into lofts. Robert Ball is the only developer working on a historic loft conversion, instead of building condominiums from scratch. A 11-year property tax freeze benefits buyers by making their monthly payments more affordable.

The building was the home of the Meier & Frank warehouse, an established department store retailer in the Pacific Northwest. For years, Portland was the corporate headquarters. Now owned by the May Company (e.g., Filene's, Lord & Taylor, etc.), Meier & Frank operates 21 stores in 10 markets in the Northwest.
 

Location It's on the west edge of the Pearl District between NW Lovejoy and NW Kearny - it's between 13th and 14th Avenues. Just a block separates it from The Edge.
Developer Robert Ball who also developed the Marshall-Wells Lofts.
Number of Units 166 living units.
Style Open spaces - lofts. A true conversion of a warehouse. A 11-year property tax freeze is part of the attraction.
Pricing About $295 per square feet with prices starting around $150,000. The sales office opens in early October 2003.
Completion Date Construction started in the summer 2003 and the building is scheduled for completion in the Spring of 2004.