But the 107-year-old building being rapidly demolished once represented the epitome of Portland class — from the Hawthorne family estate to a Meier & Frank Company stable to its last and longest occupant, Pendleton Woolen Mills company headquarters.
Pendleton PDX LLC, a company of individual investors that bought the property in April for $1.7 million, is having the building demolished with plans to sell it shovel-ready to a developer; it already has an agreement with a buyer. Investors envision a 25- to 30-story high rise that utilizes the 350-foot height for which the property is zoned.
