PORTLAND, Ore. ( KOIN ) — More than a century after the construction of a historic Portland property, the building will hold the long-awaited James Beard Public Market.
On Friday, the group announced it had finalized the purchase of the Ungar Building downtown. Market spokesperson Kayt Mathers told KOIN 6 the property was acquired for $3 million.
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In a social media post, project leaders said the city landmark will soon begin its “most flavorful chapter” thus far.
“Standing proudly since 1923, this architectural gem was designed as Portland’s answer to the grand shopping arcades of the Eastern United States,” James Beard Public Market stated on Instagram . “Hungarian immigrant Nicholas Ungar envisioned a revolutionary retail experience: a two-story marketplace alive with activity, where the Colonist Restaurant anchored street-level shops and boutiques lined a second floor illuminated by massive display windows.”
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Positively Portland
Project leaders originally revealed the market would be found on SW 6th and Alder St. in October , although they hadn’t officially purchased the Ungar Building yet…