video: Construction Underway On Old Town’s Society Hotel
Tuesday, April 14, 2015
A boutique hotel with a hostel component—the choice of affordable rooms include a 24-bed bunk room and 38 private rooms plus suites with rates as low as $35/night for a bunk, up to $135/night for a suite—The Society Hotel is set to open sometime this summer.
When General Contractor Matt Siegel found this building he immediately knew it was the one that he wanted to construct into a low-cost hotel. Siegel had previously been searching for buildings throughout Portland that could be renovated into a hotel. The architecture and overall potential of this structure was the biggest selling point for Siegel as well as fellow owners Jessie Burke and Jonathan Cohen. Matt Siegel and his wife, Erika met Burke and Cohen in, of all places, a birthing class. That was 2007, and they’ve been friends ever since.
Fast forward to 2013. Matt, a building contractor with a historic-preservation bent, was looking for a “legacy” project. He started visiting potential hotel properties, taking Jessie and Jonathan along for the ride. With Jessie’s vast experience in community building and hospitality (as owner of Posies Bakery and an active participant in urban renewal projects), and Jonathan’s engineering expertise (his company specializes in commercial and residential energy retrofits), the three had a serendipitous set of skills for going into the hotel business together.
Matt, Jessie and Jonathan were drawn to Portland’s Old Town/Chinatown for its central location and diamond-in-the-rough condition. They wanted to create a noticeable, lasting impact, and when they laid eyes on the long-vacant 1881 Mariners Building — one of the few remaining cast-iron front buildings in the city, with regal, recessed pilasters to boot — they knew they’d found the place to do it.
During the financing stage (where they not only borrowed but crowdsourced funds), they met with Gabe Genauer, a trusted colleague of Jonathan’s in the construction field, about consulting on the project. He took a look at the building and the business plan, and while looking over the city from the rooftop, said, “I want in.” And so with his vast experience in commercial real estate development, Gabe became the fourth partner.
What’s going to make this hotel vastly unique is the fact that it is one of the oldest buildings in Portland.
The Seamen’s Friendship Society built it in 1881 in order for it to be a safe haven for fellow sailors and seamen. It has had former lives as a hotel, hospital and Chinese dance hall. When Siegel stumbled across this building most of it had been sitting vacant since World War II. In fact, no one had been upstairs in the building since the 1940s. The entire building has been unoccupied (and untouched) since 1975.
Another goal of Siegel’s with the construction of this hotel is for it to be an epicenter of change throughout the Old Town/Chinatown neighborhoods. He believes that if they can prove to be a successful business in this neighborhood, positive changes will follow. The 360 degree rooftop view is sure to help too.
Although we will all have to wait until later this summer to see how it turns out, here is a video made by filmmaker Kenny Macdonald that provides a behind the scenes peek at the hotel.
Related Slideshow: Portland restaurant insiders react to possible demolition of Veritable Quandary’s patio
Related Articles
- $1 Million in Improvements for East Portland Parks
- Which Oregon City Ranks Best for First Time Home Buyers?
- What’s Wrong with Portland Restaurants’ No-Reservation Policy?
- What Can Portland do to Bring A Second Big-League Franchise to Town?
Follow us on Pinterest Google + Facebook Twitter See It Read It