They had a lot of
interesting projects cooking between 2019-2022, but it appears practically all of their projects have stalled for some time, including:
- Puzzle Box - A NE Portland 1-story reno that's sat on issued permits since early 2023.
- Great Scott Trio - New 4-story on Burnside that included an arcade over the sidewalk, been "under review" for 4+ years.
- Unicorn Bed Apartments - a 3-story, 13-unit development focused on housing for single moms, sat in Approved for 3+ years.
- C-Channel Lofts - They say it was complete in 2023, but there's no proof the project is actually complete, sitting nearly complete for years
- Atomic Orchard - A 5-story project on Sandy that took 3 years to get a permit approved, and has been under construction since 2022, still not done.
- Tree Farm - Completed office building off SE MLK/Grand that was recently
reported to go to auction being mostly empty.
Is this a situation where business incompetence is to be blamed? Bad luck? I see these cottage clusters, 3-story 19-unit buildings, even larger apartment buildings still moving forward, but I don't get how something like the Unicorn Bed Apartments, a 13-unit 3-story, sits in approved for over 3 years, while these other "Dez Development" buildings are popping up with ease.
I'm really asking because I watched Kevin Cav's ted talk, and found his ideas really intriguing at the time. It appears, and I could be wrong, factors like the existing market, covid, etc. essentially halted their business model, leaving all their projects stalled or creeping at snails pace at best.
Threaded Mode