Pearl District property key to Portland's bid for Amazon's HQ2

When Amazon.com Inc. issued its request for proposals for a second headquarters back in September, one obstacle initially came to mind for Portland's shot at the deal: square footage.

In the RFP, Amazon noted that it was looking for an ultimate buildout of close to 8 million square feet of either new or remodeled space. But Portland only has about 1.1 million square feet of vacant Class A space in the Central Business District, according to David Hill, senior managing director of Newmark Knight Frank. Large redevelopment sites are few and far between as well.

But with just the right amount of tweaking and shifting, there is one site that might just fit the bill: the U.S. Post Office property at 715 Northwest Hoyt Street. The site was acquired for $88 million last year by Prosper Portland — the city's economic development division — and the Portland Housing Bureau.

SEE SLIDESHOW: Amazon.com, by the numbers

"That is the site," said Prosper Portland spokesman Shawn Uhlman. "We believe we have and can meet the requirements that were laid out in the RFP. We could easily get to the square footage."

Most of the required square footage could take shape on the main 13.4-acre Post Office property. But to get the full 8 million square feet would take two additional parcels that Prosper Portland owns nearby, as well as a handful of privately-owned properties in the immediate area.

Read the full Amazon Effect series here

Prosper Portland had originally envisioned the property as the future home of nearly 4 million square feet of new development, including office, housing, medical, institutional and retail space. The housing bureau also chipped in around $13 million and planned for some affordable housing component, as well.

Prosper Portland and the Portland Housing Bureau bought the Pearl District Post Office site last year for $88 million. City advocates and business leaders think it could make the ideal site for Amazon's proposed HQ2.

RELATED: Amazon's Oregon tax breaks pour in, but is it worth it?

Prosper Portland and the Portland Housing Bureau bought the Pearl District Post Office site last year for $88 million. City advocates and business leaders think it could make the ideal site for Amazon's proposed HQ2.

The Post Office site will be one of several sites pitched to Amazon by Greater Portland Inc., the economic development agency that will submit the region's bid to Amazon by the Oct. 19 deadline. The agency has yet to disclose what other sites may be included in its presentation.

© 2017 KGW-TV


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment