NEWSDaily Journal of Commerce, August 2001 FROM AN OLD WAREHOUSE, URBAN LOFTS ARISE By
Gretchen Fehrenbacher Weathered
beams and timber flooring will be plain to all who view the Marshall-Wells
Lofts when the time comes to sell condominiums in the converted Pearl
District warehouse. Thats
the heritage real estate investor and historic preservationist Robert
Ball counts on marketing to buyers in his $33 million conversion project
at 1420 N.W. Lovejoy St. Not so obvious will be todays technology
in the sheer walls, built to brace the building in earthquakes. Stretching
from the base of the building to the top, they serve as an unsung monument
to the wizardry that makes it possible to bring old buildings into a new
era. For
Ball who witnessed the process, the interrelationship between the
new structure and old structure is fascinating, he said, noting
the complex computer modeling that was done by KPFF Consulting Engineers. What
you are actually doing is building a new structure so it becomes part
of the old structure, he said. Ball
noted that KPFF was involved in converting the Wieden & Kennedy building
at 224 N.W. 13th Ave., considered a showcase project. Ball said the process
involved assessing the existing structures mass, weight, materials
and the construction methods to develop calculations of how and where
the sheer walls and other structural supports need to be placed to meet
seismic requirements. The sheer walls are a combination of concrete and
steel. I
remember when I was making a decision, one of the architectural firms
I was considering never had done a project of this depth before,
Ball said. The
sheer walls will connect with the four corners of a 70-square-foot hole
being cut out of the center of the nine-story building (one of which is
a mezzanine level). The hole finished off with walls will
allow for an atrium, providing needed light and air in the center of the
building. Adapting
the building for condominiums involves some other basics, as well
new plumbing, new electrical and fire sprinkler systems, new stairwells
and new elevator shafts. In addition, new concrete floors will be poured
to absorb sound between levels, and to link with the sheer walls as part
of the seismic strengthening. Planned
are 164 mixed-price condominiums, 193 parking spaces, beginning at ground
level, and 5,100 square feet of ground floor retail space along 14th Avenue.
Up to 40 condominiums will be live-work lofts, accommodating graphic artists
and other professionals who are gravitating to the area. Ultimately, the
choice of firms with multi-faceted experience has paid off, he believes.
Ball said that since warehouse space is open and exposed, there havent
been the type of surprises that can lead to runaway costs. But elaborate
preparations were made. I
had an inspection catalog, Ball said. We looked at every area
of the building. We dont have any walls it is all posts and
beam and connections, so we were able to go through all the connections
and see what is holding the building together. Along
the way, he cataloged the types of material used and the sizes of beams,
noting their tapered dimensions. Each
one of the beams on the lower floors was an entire tree, he said,
adding they were about 27 inches square.Citing an example of the extent
to which the structure was examined, we dug out the footings in
the bottom of the building to determine how big they were, he said.
You have to find out what you have, and then you have to combine
that with the modern seismic code. For
anyone that would want to do a project like this, hire the best engineers
and architects and come up with a design that works, he said. Designed
by architect Daniel Burnham, the building, known as the Marshall Wells
Warehouse, is on the National Register of Historic Places. Because of
the buildings heritage, Ball also was able to qualify for a program
through the state Historic Preservation Office that will provide condominium
buyers with a 15-year freeze on property taxes at their current level
a potential carrot in marketing the units for sale. He said that
he has constantly monitored expenses, along with market conditions in
the area, to ensure that he is up to date in delivering what the community
wants at a price people will pay. Factored in are prices for comparable
condos in the Pearl District neighborhood. Construction
began in early May, after he decided that key indicators (such as interest
rates and absorption of existing condominiums within the area) were strong
enough to proceed with construction. The project is expected to be done
around August 2002. For
Ball, the project already has proven an indelible learning experience,
given his role in the center of it all. Other than the construction team
(Ankrom Moisan Associated Architects, Howard S. Wright Construction, KPFF
and Interface Engineering Inc. which did mechanical engineering), his
help comprises two administrative employees, someone to monitor the construction
process, and the real estate and marketing personnel. He also cites Home
Street Capital for providing the construction financing. While
the job has proven infinitely more complex than building anew, he finds
gratification in it all. I will always be able to walk by that building and say I had a role in keeping it alive, he said. |


