Tuesday, January 25, 2011

Stalled Mount Adams rehab slated for demo

A long-stalled building rehabilitation project in Mount Adams, declared a public nuisance in April 2009, has had permits pulled for its demolition.

Oregon Street Development LTD purchased the six-unit building at 375 Oregon Street in February 2007 and began demolition later the following month.

Since late November 2007, the project has been abandoned, leaving the foundation, roof, walls and framing exposed to the weather. City records show that the developer ran into problems with contractor fraud.

In 2008, RE/MAX Unlimited attempted to sell the land as a redevelopment site for $650,000, later dropping the asking price to $500,000. Both offers were canceled after being on the market for nearly six months apiece.

Meanwhile, rot began to decimate the structure's integrity and the remaining mechanical systems were all stolen or vandalized. The City condemned the building in December 2008.

Now, inspections show that the structure's stone foundation could give out at any time.

The property was acquired through limited warranty deed for $450,000 in January 2010 by IDH LLC, an entity listing Matre, Matre & Beyke Co. LPA attorney Joseph L. Beyke as its registered agent.

Since then, City records show no attempts to bring the property out of emergency hazard status.

The building was constructed circa 1880.

Photo of 375 Oregon Street from December 12, 2008 and May 10, 2008, respectively.

Previous reading on BC:
Random projects photo update, 1/6/09 (1/6/09)
Other Mount Adams projects photo update, 5/10/08 (5/30/08)
375 Oregon photo update, 11/20/07 (11/26/07)