NEWS

July 24, 2001
For Immediate Release:
Media Contact:
Denny Shleifer, Media Relations
Marshall-Wells Lofts 503 636-6913

RENOVATION UNDERWAY ON MARSHALL-WELLS LOFT
PROJECT IN THE PEARL DISTRICT

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 sales office has opened as construction continues on the $34 million Marshall-Wells Loft project.

The historic 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.

“The 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 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 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 building’s 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.

Designated 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.

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