November 18th, 2010 5:33 pm | by NIGEL JAQUISS News | Posted In: CLEAN UP, Politics

Mayor Adams Highlights Greek Cusina Building's New Start

Screen shot 2010-11-18 at 4.18.04 PM

No downtown Portland building attracted more controversy over the past couple of years than the structure at Southwest 4th and Washington that formerly housed the Greek Cusina.

After a long battle with City Commissioner Randy Leonard's Housing Interdiction Team, Greek Cusina owner Ted Papas closed his restaurant last January and lost his building to foreclosure.

In May, a group called Asia Pacific Investment Corp. Oregon picked up the 23,000 square-foot building for $1.2 million. That's significantly less than the 2009 real market value of $2.2 million the Multnomah County Assessor put on the property, although property values have been under heavy pressure in the past two years.

Now APIC wants to bring the building back to life, although it would be a shame to lose some of the features visible in this video Mayor Sam Adams recently made with APIC CEO Wilson Chen.

  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
comments powered by Disqus

Web Design for magazines