written by Kevin Max | artist rendering by Scott Baumberger
People will talk about this new Southeast Portland tenant, both to her face and behind her back. Behold the remarkable 56,000-square-foot so-called Fair-Haired Dumbbell, a speculative dumbbell-shaped office building that broke ground in July. At the eastside intersection of Burnside Street and the Willamette River, this building marks the latest creative model from Portland-based Guerrilla Development Company and its owner Kevin Cavenaugh. A local artist will create the final graphic design of the exterior. In addition to its unusual facade, this building comes with a non-traditional funding model. Guerrilla Development is offering real estate investment in $3,000 increments to real people, deploying a crowdfunding model for its final million dollars of financing.
Other up-and-coming projects
The same developers who tore down the 67-year-old Crane Shed building in the middle of the night eleven years ago submitted plans to the City of Bend to build a four-story Class A flexible office space. The proposed 50,000-square-feet $13 million project from Crane Shed LLC, is expected to open doors in spring 2017 in its Old Mill District location.
Eugene is looking to get its first cross-laminated timber building in the form of a four-story $4 million office building on Broadway and Park Street in downtown Eugene. An unnamed local tech firm, a service company and Oveissi & Co. Oriental Rugs will be the building’s anchor tenants. The building is expected to be completed in mid-2017.