Everett Station Lofts

In 1989, three adjacent buildings in Portland's Old Town District were renovated and converted into Everett Station Lofts. Its 47 live/work units feature high ceilings, hardwood floors, and other amenities, including indoor parking and a second-floor courtyard shared by all residents. Sixteen storefront units are reserved for artists who agree to open their studios to the public during regular business hours and at least nine "First Thursday" evenings each year.

During the 1990s, as commercial developers began scooping up Old Town properties and converting them into upscale condominiums, many artists were displaced. In 1998, when Everett Station's owner decided to sell, the artists themselves contacted Artspace. Although the owner could have made a larger profit by selling them on the open market, he agreed to sell them to Artspace at their appraised value of $2.7 million to preserve Everett Station Lofts as a center of creative life in Old Town.

Source: the Artspace USA website