“There’s been lots of interest,” said Tricia Schmidt of John L. Scott Real Estate, in three adjoining properties at 3430 N.E. 50th Ave. (1439 square feet), 5024 N.E. Fremont St. (616 square feet) and a parcel between them where produce, pumpkins, fireworks and Christmas trees have been sold. Scott Real Estate listed the properties in April for $2.9 million as a “development opportunity.”
The “for sale” sign went up after the Rose City Park Neighborhood Association decided at a March meeting to leave master plan zoning at CM (commercial mixed use). Northeast 50th Avenue neighbor Anja Spence said she and Emily Courtnage were disappointed at the decision. The neighborhood association agreed with rezoning of the south side of Northeast Fremont Street between 51st and 43rd avenues.
Property owner Rick Peterson has been living there since 1983, when he first rented. He subsequently bought his house, the adjoining lot and second house, where his son lives. When asked how neighbors feel about the eventual development of his property, Peterson said, “I hear it all when I walk my dog: I’m ruining the neighborhood, I’m a traitor, I’m a liar, but look around – the neighborhood is changing, and I’m not causing it. That’s what the city wants!”
Peterson said he was a letter carrier in the ‘70s and quit that job to sell Christmas trees full time. “I’ve been working since I was 12, and it’s time to retire,” Peterson explained, “so I think I’ll concentrate on farming filberts in Canby.” He says it’s a coincidence that his decision to sell his property and the rezoning are occurring at the same time. “A door opened, so I’m going through.” He added that many of the properties on Fremont Street’s south side will be seeing the same development.
According to Schmidt, discussions on the zoning change are still underway and expected to be concluded by the end of 2017, so the property will continue to be listed throughout the summer. The decision on developing this property involves multiple facets and is not a simple one, she explained.