1500 SW First Avenue, Portland, Oregon 97201

Ron Bakker
Scott Andrews

Crown Plaza, a Melvin Mark property in downtown Portland, covers two blocks with walkways from building to building and a connecting skybridge to the adjacent Marriott Hotel. This mixed-use property combines office, retail and parking uses.

Recently, a long-time tenant moved out after many years, having occupied nearly 80,000 square feet, or nearly one-third of the building. Much of that tenant’s space was dated and needed an upgrade to today’s standards. While the tenant’s departure was a loss, it also provided an opportunity for Melvin Mark to launch a major building renovation, including mechanical systems, lighting systems, and a new lobby. Ultimately, the upgrades paid off, as the Oregonian Media Group leased half of the available space for its digital and print news operation. The location is especially appealing with its proximity to the waterfront, easy freeway access, neighborhood shops and services, spectacular views of the river and mountains, and a very attractive parking ratio for companies with employees who need to use a car.

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