Despite negative headlines, actions speak louder than words…and in this case, the actions are businesses signing new leases in downtown Portland.
In recent days, three prominent local businesses have recommitted to Portland – for its talent, potential and natural assets. ESCO, Revant Optics, and Portland Gear are just three such companies that will continue to grow in the Central City, and more are likely to announce their decisions in the coming weeks.
Weir/ESCO has had a longtime presence in Northwest Portland, where it was founded more than 100 years ago. The company signed a lease in September for the Spokane, Portland and Seattle Railway building located at 1631 Northwest Thurman Street. By late 2024, this will be the location of ESCO’s divisional headquarters office.
Commenting on the future move, ESCO Division President Sean Fitzgerald said, “We are thrilled to be in a position where our commitment to keeping long-term headquarters here is possible. Staying in the neighborhood reflects Weir’s dedication to Northwest Portland as an attractive and appealing place to live and work. There have been many partners who have supported us throughout this process. We look forward to creating an exciting, functional workplace with room for growth, while honoring Weir ESCO’s history and future in Portland.”
Revant Optics is also making a move into Northwest Portland, relocating from its original location in the Central Eastside to NW 14th Street in the Pearl District. Of staying in Portland, owner Jason Bolt told the Portland Business Journal, “I just love the people here and the community and the environment, and so rather than sit back and run from what was a really challenging and still is a challenging environment, it’s like, well, let’s lean in and live into our values.”
Finally (for now), popular local brand Portland Gear is moving deeper into downtown, from its current operation near Providence Park to the corner of SW 10th and Harvey Milk next to the Ace Hotel and a block from Powell’s Books. As the company’s social media post stated, “Not only is it going to be three times as big, brighter, more welcoming and better designed, it’s even MORE downtown than our current store, furthering our commitment to this beautiful city. We believe the best thing we can do for our town is show up every day, be a positive story, and bring people downtown to experience its beauty. We are committed to downtown Portland for the long haul.”
If you are interested in connecting with Prosper Portland’s Business Advancement Team about support for your growing business, please contact: Anne Crispino-Taylor, crispino-taylora@prosperportland.us
