Three quick hits from behind the retail and real estate scenes this week:
Something’s brewing downtown
Downtown fans of Southeast Portland’s Upper Left Roasters will perk up with this: The coffee company is reportedly on track to open a new shop on the ground floor of the former Meier & Frank Building downtown.
Turner Construction is currently at work on the core and shell of the iconic building, prepping it not only for Oregon State University’s new Portland home on the second floor, but also other prospective office tenants, none of whom have been signed yet. Turner is also working on the ground-floor space in the southwest corner of the building, where Upper Left will locate.
The coffee company joins Muji as a retail tenant in the building. There is still about 16,600 square feet of retail space available for lease.
Upper Left Roasters is reportedly opening a location on the ground floor of the former Meier & Frank Building.
Unmasking a food cart
It was a fixture in Pioneer Courthouse Square for nearly 15 years, but this past winter, the Steaks Fifth Avenue food cart seemingly disappeared. It happened during a shift in the food cart scene in the square, which found long-timer Shelly’s Garden — aka Honkin’ Huge Burritos — calling it quits and some new carts moving in. When those new ones started popping up, Steaks Fifth Avenue was nowhere to be seen. But a shiny new cart — more a trailer, really — emblazoned with the name “The Block” set up shop earlier this spring. Turns out The Block is Steaks Fifth Avenue reborn, complete with a new menu. Don’t worry though, the new lineup still includes the cart’s classic cheesesteaks.
The Steaks Fifth Avenue food cart in Pioneer Courthouse Square has been rechristened The Block.
No (more) Jive
Portland tech darling Jive Software is now a shell of its former self, and so is the company’s prime office space at 915 S.W. Stark St. The software firm, which was acquired by Aurea last year, closed its Portland office for good on Friday.
That puts more than 52,000 square feet of prime downtown office space back on the market. The space covers three floors and the penthouse of a building known as The Reserve, which Jordan Schnitzer’s Harsch Investment Properties acquired in 2006 for $12.5 million.
CBRE, which is marketing the property, calls it “a unique opportunity for a large downtown office user.”
Along with employing 300-plus workers in downtown Portland, Jive has seeded several local companies with top talent.