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.