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Port Sells Terminal One South

PORTLAND-Developers Tom Kemper, Stan Harrelson and John Goodman plan to build hundreds of condominiums on the site as well as office, restaurants and retail space on the riverfront property just north of the Fremont Bridge.

By Brian K. Miller | Updated on August 10, 2000

The Port of Portland is selling 15 acres of riverfront known as Terminal One South for $7.6 million.

The buyer, Riverplace LLC, has visions of 600 condominium units, 170 affordable housing apartments for seniors and 175,000 sf of office, restaurant and retail space on the northernmost parcel in the River District, an urban renewal district designed to encourage mixed-use development in the traditionally industrial part of town.

Riverplace LLC is an Oregon company owned by Tiger Properties LLC, whose owners include Tom Kemper of Portland and Stan Harrelson and John Goodman, both of Seattle. The property sits between Front Avenue and the Willamette River just north of the Fremont Bridge.

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