If you’ve wondered about the all the activity around the former ANPC building at Third and Columbia, it’s all related to a linked series of property deals downtown.
CopperWest Properties Principal Broker Maui Meyer and business partners Ben Stenn, Jacqueline Carey and their families — dba Argonaut Investments — recently tipped a few dominos.
“We have moved from founding the Sixth Street Bistro, to ownership of the Sixth street together, to ownership of the building, then to Celilo, and then we sold the Sixth Street to Chris and Stacey Creasy, and now we have sold the building to them as well,” Meyer said.
They then channeled assets from the sale into purchase of the building opposite the Elks Lodge parking lot.
“We are remodeling for a couple growing businesses,” Meyer says.
He said that involves about 3,500 square feet on the street level floor. They will still have a 500-square-foot space available on that floor.
“It could be a small cafe/tasting room,” Meyer said. “We are recessing the exterior wall on the west side to make a covered area in the front of the building.
“In the basement, there will be office/warehouse space, but it is really nice, with open warehouse beams, and nice lighting. All in all, a great project. It’s a stellar building for a reuse project.”
Meyer said the catering arm of the Celilo Restaurant & Bar is going in one corner of the basement, “but the rest is for lease in configurations as small as 250 square feet up to about 1500 square feet.”
He said the total available space in the basement runs to 3,500 square feet.
“I suppose I could go that large if someone wanted that,” he said.
It’s all going for less than $1 a foot triple net, “so it’s cost effective, basically new space in downtown.”
Next up for a redo is the Davidson building, just to the south at the corner of Cascade and Third.
“We want to add back the detailing from it’s original construction and modernize the interior, but that’s a couple years away,” he said. “That building is fully leased with great tenants. Very happy to be a part of this family.”
Commercial realtor Greg Colt said the property acquired by Argonaut also includes the parking lot between Artifacts and the Davidson building.