Portland-Milwaukie Light Rail


Decisions, finally, have been made about the oft proposed SE light rail, or at least the first installment. trimet.org/pm for full details, will run from PSU, through OMSI, stops at 17th & Holgate and then SE Bybee & McLoughlin, various other stops finally ending in Oak Grove. Scheduled to be complete in 2015.

We're right inside the 5 minute walk radius of the 17th & Holgate stop, which TriMet's project folks see as being the most heavily impacted, the 5 minute walk radius around each stop, that is.

The one for sure thing is that property values will go up. And the demand for housing in this area will go up.

If you pull up the TriMet site and then look at their brochure about the 17th & Holgate stop, you can see our property on their aerial photo, not on page one, but on the other pages, Milwaukie Ave is the angled street running north/south and from the west toward the east as you look down the map, positioned partway between where 14th & 13th are further north and south; Mall street is one block north of Holgate, the east/west white rectangle in the SE corner of that intersection, with the really tiny white rectangle snuggled up below it, that's us, and Bill's old truck before we got it hauled away; the incredible dark green foliage in the lot to the east of the building is the blackberry, etc., brambles which I've written about clearing out.

We're grandfathered as mixed use residential/commercial, due to the various businesses which have operated out of this building over the years, and we've got a double lot, so I foresee developers being interested in this location.

Interesting times ahead, interesting times.

No comments: