by admin, Posted Sep-20-2011 in Buying the Building, Hatch We’re thrilled to announce the Hatch Building Development Team: Shiels Obletz Johnsen is the Development Project Manager (SOJ); Allied Works is the architect(!); KPFF is the engineering firm; and the Special Projects Group of Howard S. Wright is the General Contractor team. We are still working through assessments, surveys, and studies, but we’re making progress. It’s an extraordinary group of professionals who value what Hatch will offer to the community.
We’ve also formed a Hatch Financial Leadership Team–a group of people in the community who are helping make Hatch a reality, lending expertise, strategy, creativity, and connections. Special thanks to Carl Talton of Portland’s United Fund Advisors for always being willing to work out kinks. Next post I’ll share the details of this new team.
Springboard Innovation Plans Hatch Incubator – By Christina Williams
It now sits as a furniture store along Portland’s new eastside streetcar line between Broadway and Weidler, at 228 N.E. Broadway. It’s a sprawling building of the sort that begs for redevelopment.
Springboard Innovation has such a plan on its drawing board, aiming to turn the building into Hatch, a community-oriented business incubator for social-benefit companies that fall somewhere in that gray area between the for-profit and nonprofit realm.
The target market is unique. So is the financial and corporate structure behind the Hatch venture…
Read the full article.
by Amy, Posted Aug-14-2011 in Hatch  A wall of Hatch possibilities Paul and I have been interviewing architects (and developers, engineers, general contractors, and everyone in between) as we continue the Hatch due diligence process. Last week it was Allied Works’ turn. They have a reputation for innovative space design–museums, national music centers, PNCA, etc. and so they were high on our list.
We were shown into a large white room (of course), and turned to see a wall artfully covered with images of the Hatch building, along with other related imagery. I cried out, “Oh no!! Someone else is after our building?!!”
They grinned. It dawned. Ah. I didn’t get it. They had done it for us. (In my defense, no one else had.) They had gone out, taken pictures, and laid them out to explore the site visually for us. Perhaps it is standard protocol, but I was touched.
This was the real deal. It was more than cool. It was extraordinary. To be with people who routinely imagine possibilities was a surprise. I saw images and ideas flicker across Brad and John’s minds as they talked about their other projects such as Disney and Pixar. I heard them talk reverently about The Process, and, I began to see. While they listened attentively as we rattled on about our ideas and objectives, this was their language, their profession, their world. They were inviting us in, as we were inviting them in. Even if we can’t afford them (we can’t) or they don’t accept the job, it was an afternoon to remember. You can see it on Paul’s face.
Thank you Brad and John, and Allied Works, and a universe that allows these little moments of wonder, spark, and connection to happen. They are what make Hatch extraordinary.
by , Posted Aug-10-2011 in Hatch, Return on Investment  “Why do you want to buy a building? Couldn’t you lease?”
We hear that sometimes, and it’s understandable.
Here’s one short answer:
Because it makes for a beautiful and effective Money-Go-Round.
Buying the building means that every single cent of every person renting or leasing in the building does explicit good. Here’s a break down:
- a portion of everyone’s rent helps pay down the loans used to buy the building; that increases our equity in the building which becomes an enduring endowment for Springboard.
- another portion of everyone’s rent pays interest on the building purchases loans; as all lenders are mission based it goes to support and sustain organizations and people committed to the mission.
- a third portion pays goes to maintain and enhance the Hatch building itself, supporting the environment for social innovation.
- finally there is a portion of rents left over which goes to support classes and workshops in the building.
So you pay your rent, get a great place to work, then instead of that money leaving our system and going to some commercial landlord, it loops back round and does all the good above.
We think that’s a good use of money. What do you think?
by Amy, Posted Jul-17-2011 in Hatch, Springboard News Making Hatch happen has begun. We have secured the building we love, 228 NE Broadway–fantastic location, streetcar stops on both sides, 70,000 cars passing a day (!), signage, old wood beams, brick, and hell–even parking! A garden/orchard, children’s garden, cafe, coffee shop (Fresh Roost, but of course!) and so much more.
We’re now gathering donations to our short-term “FledgePledge” (50 people give $50) to help a donor understand the wide range of support and need here in Portland for a safe house for generating, incubating, and HATCHING social enterprise. Will you help?
http://springboardinnovation.org/donate.html
We will be seeking tenants next week. So very exciting making a dream hatch!
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