Here's a description of the Mercato development:
"....a six-building project with 33,300 square feet of retail, 19,500 square feet of restaurants, 20,700 square feet of offices, 54 condominiums and underground parking."
They're selling it on the short market for "about half"..."paid in 2005 at the height of the real estate boom." Bulletin, 2/22/11.
How could this ever have seemed like a good idea? I especially like the "underground parking" part, because it so shows how unaware newcomers are of the lava rock underpinnings of Bend. Other than the Franklin Crossing building (another development that it's hard to believe wasn't an overreach) I'd be hard pressed to think of "underground parking" being much of an option around here.
And it makes me wonder, if Juniper Ridge was a privately owned development, would it still be around? Or would it also be on the short sale market.
4 days ago