The area is bordered by the Willamette River, St. Johns Bridge, SR 30 and Nicholi and Vaughn streets. One undecided issue is how to protect the "Vaughn Street Corridor," the unofficial dividing line between the industrial uses on the north side of the street and the residential and retail uses to the south.

Ideas bandied about so far include zoning Vaughn for office buildings, commercial buildings or both. Esco Corp, the area largest employer, would like supporting office space in the area. H. Naito Corp., which owns the stand-alone Montgomery Park office building, would like to see more commercial uses in the area.

There is a history of preserving the area as industrial. Costco has twice been denied access for retail projects. Most recently, in the mid-1990s, it was denied a conditional use permit because of the car traffic it would generate on streets meant for industrial traffic.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.