Ladd Carriage House has been saved from demolition but now needs a new owner.
For new construction projects, getting the necessary funding generally takes a couple of months. But developer Venerable Properties spent the better part of last year taking the necessary steps to round up the dough to redevelop the White Stag Block.
The White Stag block, home to four dilapidated buildings and the landmark “Made in Oregon” sign that overlooks the Burnside Bridge, likely will be the new home of the University of Oregon’s Portland Center.
Renovating historic buildings for re-use has never been easy. But, at a time when returns on other commercial properties are falling, historic rehabs are proving to be a healthy niche.