The Design Commission has approved the 100 Multnomah office building, designed by ZGF Architects for Prosper Portland. The project is an addition to the nearly complete parking garage, built to serve the Hyatt Regency at the Oregon Convention Center. The 9-story addition will include approximately 120,000 sq ft of office space on the northern of the site. While the structure of the garage was designed to accommodate up to 2 additional level of parking, no additional parking spaces are proposed beyond those already built.
A master plan for the redevelopment of the former Post Office site in the Pearl District has been presented to the Design Commission. Known as the Broadway Corridor, the full build-out the site will include approximately 4 million square feet of new commercial, employment, and residential development. The concepts by ZGF Architects build on the 2015 Framework Plan, which was used as part of the decision making process when the city purchased the site. Developer Continuum Partners of Denver is acting as an adviser during the master planning process.
The recently completed 72 Foster building includes 101 units of affordable housing. It will also include a pizza restaurant at its ground floor.
Prosper Portland’s efforts to redevelop Centennial Mills have once again fallen through, with developer Lynd Corporate choosing not to move forward with a project on the site, reports Willamette Week.
An appeal of the design review approval* for the Oregon Harbor of Hope shelter and navigation center went in front of the Design Commission, reports the Daily Journal of Commerce.
A groundbreaking ceremony was held for Northwest Housing Alternatives’ latest affordable housing development at 9747 NE Glisan St, writes the Portland Business Journal.
Prosper Portland is moving forward with design work on an office building to be built on top of the parking garage currently under construction across from the Convention Center.
Prosper Portland intends to move forward with an office building on top of the garage adjacent to the Convention Center Hotel, reports the Oregonian. The 100 Multnomah office building would add 118,000 square feet of rentable office space on top of the currently under construction parking garage.
Bloomberg wrote about Portland’s opportunity zones, which include most of Downtown, the Pearl and the Central Eastside. A part of the 2017 federal tax overhaul, the zones allow investors to reduce taxes on capital gains—with investments held for 10 or more years exempt from capital gains tax.
The Portland City Council approved financing for the N Williams Center, reports the Portland Mercury. The 61-unit apartment building will include 40 units for renters who earn less than 30 percent of area median income (AMI) and 20 units for those earning less than 60 percent AMI.
The charter investors backing the Portland Diamond Project were revealed.
Multnomah County intends to purchase the Modish Building at 333 SW Park, for use as a mental health and addiction resource center. A previous proposal for the 4-story building would have seen it converted into creative office space.
The Design Commission has approved plans by the Portland Bureau of Transportation and Prosper Portland to renovate the 10th & Yamhill Smartpark Garage. The project is being designed by FFA Architecture and Interiors, and is intended to address ADA and seismic deficiencies in the existing structure, as well as improve the ground level retail experience.
The Design Commission has approved the Oregon Convention Center Hotel, which represents one of the final hurdles for the long planned project. The Hyatt Regency branded hotel will include 600 guest rooms and 32,000 sq ft of ballroom and meeting room space. The ground level of the 14 story building will include public facing spaces including the main lobby, a restaurant, bar, the junior ballroom and a 24-hour retail market. The second and third floors will include the main ballroom, meeting rooms, a fitness center, and a Regency Club lounge. Guest rooms will be located in the body of the 180′-6″ tall tower, on levels 3 to 14.
The hotel is being developed by developer Mortenson, with a design team that includes ESG Architects and Mayer Reed Landscape Architecture. The $240 million hotel is being funded from a mix of public and private sources. $165 million will be invested by Hyatt/Mortenson Development, while Oregon Metro will contribute $60 million in bonds backed by lodgings tax revenue expected to be generated by hotel guests. Additional funding sources includes $4 million from Metro’s Convention Center reserves and $10 million from lottery funds.
