Posted Oct 12, 2023, 7:25 PM
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Moderator
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Join Date: Jan 2009
Location: Portland
Posts: 7,405
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Quote:
Portland agency to loan $3 million for Flock food hall in Ritz-Carlton tower
With the long-awaited Ritz-Carlton building in downtown Portland nearly done, the city is kicking in a multimillion-dollar loan to get a key piece of the project across the finish line.
The Prosper Portland board of commissioners on Wednesday unanimously approved a $3 million loan to a little-known Portland company that will open a food hall in the nearly complete Ritz-Carlton building.
The borrower is Leeroy & Kimble LLC. Walt Bowen, developer of the $600 million building, selected Leeroy & Kimble to operate the 8,000-square-foot space on the building’s first floor. The plan is for a bar, a coffee shop and eight restaurants. Collectively, the space will be called Flock.
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...continues at the Oregonian.
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