Officials look at value of postal site

Coveted Pearl property ripe for lofts, offices or other development

By Kristina Brenneman

The Portland Tribune, Jun 10, 2005, Updated Oct 30, 2009

The U.S. Postal Service is looking at the value Ñ and future redevelopment Ñ of its 8-acre site in the heart of the Pearl District.

Spokesman Ron Anderson said the Postal Service is assessing the 715 N.W. Hoyt St. property and facility to determine the highest value and best use of the property, which extends from Northwest Broadway west to Northwest Ninth Avenue and from Northwest Lovejoy Street south to Northwest Hoyt Street. He said there’s no time frame to have the study completed.

“There’s no urgency,” Anderson said, “but obviously there are lots of things going on in Northwest Portland and it was important to have the property assessed. We felt it wise to have this valuation of property done at this time.”

District Manager Dallas Keck, who oversees Oregon and Southwest Washington operations from his Northwest Portland office, proposed the study. The U.S. Postal Service’s internal facilities staff in Denver is handling the project.

The prime piece of property has been considered for everything from a major league baseball stadium to upscale loft housing. More recently, 24-7 postal truck deliveries have been the bane of the Pearl’s urban sleepers.

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