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OHSU, Homer Williams Jointly Acquire 18 Acres in North Macadam

PORTLAND-Late last week, developer Homer Williams and Oregon Health Science University closed on the joint-venture acquisition of 18 acres of industrial riverfront in the North Macadam area, where the university hopes to expand its operations and connect back to its hilltop home with a large aerial tram.

By Brian K. Miller | Updated on September 06, 2002

PORTLAND-Oregon Health Sciences University moved closer to its planned North Macadam riverfront expansion late last week when it closed 18 acres there in partnership with developer Homer Williams.

The purchase option for the property was originally held by Williams, Gerding Edlen Development and Opus Northwest. Williams tells GlobeSt.com that Gerding Edlen and Opus signed over their purchase rights at OHSU’s request.

“We went in with (Opus) and (Gerding Edlen) and we were going to split up the property; they would take the OHSU parcels and we would take the parcels planned for housing and a parking garage,” Williams tells GlobeSt.com. “Then OHSU said it wanted to own its own land.”

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