Fancy is relevant. But this sure looks like the fanciest thing Foster has ever seen.
Well, it hasn’t actually happened yet. And maybe it won’t. But the agent for a plot of land at 5816 SE Foster sees apartments, mixed-use, and lots of red and yellow Porsches. At least that’s what the Sim City-esque rendering and marketing flier would suggest. And this being Portland and all, it might not be too far off.
After all, the YMCA at 6306 SE Foster is being proposed for a complete rebuild and the addition of 57 units of four-story housing. It still feels surreal that this could be our future, though.
Maybe. Probably definitely. Who knows? The property has to sell first. And whoever buys it would have to like yellow and red Porshes. Or they could have their own vision. But again, the property has to sell first. And to this point, we’ve yet to see any large-scale property sales on Foster. (Yes, I’m completely ignoring the fact that Nick Storie sold the Bob White Theatre for use as storage space. Ugh!) Oh, and then there’s the little fact that this property is now in round-three of marketing after first going on the market over a year ago. (See, we detailed round-two here. And round-one here.) But previous rounds didn’t have yellow and red Porsches and the allure of Division Creep. So there’s that.
There’s also the fact that Portland desperately needs more housing. And if we want the Foster-area to remain relatively affordable (or at least slow the inevitable un-affordability), adding multi-family rental units to the supply will help. Though, we can do without all the Porsches.
To be continued…