Bridge Housing Moves Closer to Purchase and Development in Southeast

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 the project has grown three fold to now encompass a proposed 10 story building and 312 units. “This is such a great site and we can see the neighborhood changing for the better and we believe our project with serve a unfulfilled niche of quality workforce housing” says Kevin Griffith, project manager for Bridge. They also understand with the large amount of housing units that parking is a big concern for neighbors and the district so they plan on refining their plans to provide as much parking as feasible. Additionally they are looking to have 4-6000 sf of street level retail fronting MLK. Since plans and design are on-going it is difficult to predict a ground breaking but sometime next summer is not out of the possibility.