Oregon Health & Science University will pay $13.6 million for two more blocks in Portland’s South Waterfront.
The purchase of 4.5 acres of land from North Macadam Investors was finalized Thursday. The waterfront blocks 23 and 27 are vacant and east of OHSU’s Center for Health & Healing and adjacent to two parking lots owned by the health and research university. This is the land directly North of The Meriwether condominiums in South Waterfront.
OHSU said it doesn’t have any immediate plans for the land.
But eventually, it’s likely to be the site of new outpatient care buildings to replace older facilities on Marquam Hill.
My guess in the short term….PARKING!
More info here: http://www.ohsu.edu/xd/about/news_events/news/2012/05-03-ohsu-purchases-blocks-23.cfm