Luottamus Partners, the downtown real estate company run by the late William “Mitch” Mitchum and Rose Marie Paavola, has sold the Sanborn Building at 10th and Commercial streets in downtown Astoria to Portland-based MH Real Estate.
“I plan to honor the legacy of the former late owner Mitch Mitchum by doing everything I can to support my tenants, other small-business owners and local charities and organizations,” Michael Hsiao, the new owner, said.
Paavola and Mitchum’s widow, Marie, have been selling off Luottamus Partners’ downtown properties since his death in 2015. The partnership still owns the Odd Fellows Building at 10th and Commercial streets, along with the Astoria Event Center and former Port of Call Bistro and Bar at Ninth and Commercial streets. Both properties are listed for sale.
Last year, Luottamus Partners sold the former Abeco Office Systems storefront on Commercial Street to William Hicks, owner of Hollywood Vintage. Hicks is turning the building into a minimall for smaller tenants to rent space.
The Sanborn Building, built around 1923, received historic designation in 2009 from the city’s Historic Landmarks Commission. The building was heavily damaged and one person was killed by an electrical fire on Thanksgiving in 2008.
Mitchum and Paavola won the city’s Dr. Edward Harvey Historic Preservation Award in 2010 after repairing and seismically upgrading the building.
The building includes several tenants, including an outpatient treatment center for Astoria Pointe, cobbler Astoria Shoe Fix, Commercial Street Antique and Bloomin’ Crazy Floral. Mode Studio Salon recently left the building to merge with Posh Salon to form Posh Mode Salon & Co. Jewelry Store Terra Stones relocated to the M&N Building being refurbished by Michelle and Marcus Liotta at Ninth and Commercial streets.
Bloomin’ Crazy owner Diane Berry said she is hoping to install a walk-in cooler and expand her shop into the former 10th Street storefront of Mode Studio Salon, adding she is excited about the direction of the Sanborn Building under Hsiao.
“He does have several things planned for the building, in terms of improvements,” she said.