Old Towntown/China Town is a part of town that is undergoing a lot of redevelopment currently. I would refer to the site below for all the changes. Right now there have been reports of violence and drug crimes on the news and actually does have a larger traffic of transients as one of the community food pantries is located within Old Town (Ballard House across the street from Flanders). I strongly believe in this area and think that all the things the city is doing such as transportation, store fronts etc... are positive steps to a healthier neighborhood. Also remember, that a transient population isn't equal to crime (most crimes that I've heard of are committed by people who are drinking at local bars). If you are considering moving into the Flanders Street Lofts, I would simply talk to a couple of homeowners that already live there and see what they have to say. Trust me people love to talk.
As a Realtor, I think the building is great and there are some great deals in there right now. If you are familiar with urban settings I would say go for it, you will thank yourself 5 years down the road.
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Best of Luck,
Condos, Lofts and Townhome
Realty Trust Group Inc.
Here's a friendly reminder as you respond to questions like this- for what it's worth. Simply being an agent who sells in a certain area or who lives in a certain area doesn't give a green light to give promotion of or discouragement against a buyer who is wondering about moving into that area. This line gets crossed all the time and the disciplinary records at the Real Estate Agency in Salem show how serious an offense this is. We can, however, make up for not being able to provide opinions; it's more work, but we can provide resources for buyers. For instance , I provide a list of resources and research sites and phone numbers for each buyer client when this question comes up to me personally. I also refer to some of these resources on my web site for clients to link to. That way I have served them well and stayed within the confines of license regs.
Perfect locattion but High Crime. I have witnessed a lot of Tar Heroin trade and we have been hassled there quite a lot. In a big City like Portland with a growing homeless population it is pretty clear the problem is going to get worse and the politics in Portland dictate that they will continue to tolerate this.
If the loft is 30% less maybe. That and carry protection after Dark.
For me I would weigh and balance things. The facts are there so go to the Police Department and ask them for the data on that area.
I say Go Pearl or University area.