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REI is moving its Portland store from Jantzen Beach to the Pearl District (the trendy district where Patagonia just settled in). The 35,500-square-foot store will occupy the first two floors of a new seven-story, mixed-use building, with residential lofts above. The building is being developed by John Carroll, with Carroll Aspen LLC — a friend of SNEWS® founder Bob Woodward and rumored to have once been just another poor Bend paddling/running/skier. In addition to parking provided within the building, the site is also served by public transportation — including the city’s new streetcar, strengthening the connections to downtown Portland and Portland State University. Though not considered a flagship store, the Pearl location, slated to open in the spring of 2004, will have many flagship amenities, including a freestanding climbing pinnacle behind a two-story glass façade. The Jantzen Beach store first opened in 1976 and was, at the time, REI’s third store. A second Portland-area store, the Tualatin REI, is located at 7410 SW Bridgeport Road and will remain open.