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North Macadam becomes hot spot for development. (Portland, OR)
As one company struggles to develop its pricey riverfront apartment site, another has swooped in to grab prime neighboring and.
A limited partnership led by Los Angeles-based Dynamic Holdings Corp. recently plunked down $3.8 million for 10 acres in the North Macadam District. A representative said Dynamic wants to develop a mixture of multifamily units and commercial buildings: either a hotel, offices or retail shops.
The site lies directly north of the 10 acres purchased last June by Pegasus Development Inc. from OSF International, and is subject to the same street and public access concerns that have stymied that apartment project. Pegasus' proposal to build 381 …
