C.E. John Plays it Safe With Columbia Shores

VANCOUVER, WA-C.E. John Co. will build a one-story office building on the Columbia River in Vancouver instead of the three-story project originally approved.

Saying the economy is such that the company didn’t feel comfortable moving forward with the larger project on a speculative basis, C.E. John’s Walker John tells GlobeSt.com that the building will be one story and 12,000 sf rather than three stories and 21,000 sf. John says the company expects to start on the project late this year and complete it in early 2003.

The company owns several acres in the immediate vicinity of the would-be office property that it has already developed as retail and residential, including the Beaches Restaurant property and the Meriwether Condominiums. Lease rates for the office space will be in the $30 per sf range on a full services basis.