Bridge Housing Closes on Salvation Army Site Plans Development

The Salvation Army site located at 139 SE MLK (one block south of Burnside) has been a bit of an orphan building over the last couple of years but is finally headed to the finish line and sale with a huge new development planned. The Salvation Army had used it for over 50 years as a warehouse facility for their recycling operations. They moved out over 2 years ago to gleaming new facility by the airport and this almost full block with half block adjacent had lots of lookers and potential buyers. With three dilapidated older buildings basically bolted together and some environmental issues, it was hard for users or developers to make the arithmetic work. Fortunately the fast rising tide of redevelopment interest in the Central Eastside washed over the site resulting in 3 simultaneous offers last fall over the asking price in the span of few weeks. Wayne Armstrong, local developer best known for his very successful Shaver Green Affordable housing complex on NE MLK was selected and he set about a long due diligence process. Bridge Housing one of the largest affordable housing owners/developers on the west coast which is under construction on a project in the Pearl was brought in as an equity partner and has applied to the city for some affordable housing dollars for project that could be anywhere from 5-8 stories with some ground floor retail. Bridge is going through various development scenarios with their architect, but one thing they know is that they love the Central Eastside and Bridgehead area with its access, trolley, and general “buzz” of new developments, businesses, services and uses in especially the lower Burnside area. Bridge should have a definite plan in place by end of summer. “This is just a great site and we really can feel and see all the positive changes taking place in the neighborhood. We feel we are in on the beginning of the Central Eastside becoming a very complementary, diverse and vibrant area that blends multiple uses creatively. For what we do on the affordable housing front we think our plans will continue to add to this great mix” says VP Brad Wilbin at Bridge Housing.