Portland Development News

[rudnicki]

We usually do not get rain in July, though it rained all the way till late June this year.

[fordgtman1992]

Park Avenue West will be built.



TMT to restart construction at Park Avenue West in 2013

Portland Business Journal by Wendy Culverwell , Business Journal staff writer
Date: Friday, November 4, 2011, 5:29am PDT - Last Modified: Friday, November 4, 2011, 7:24am PDT


TMT Development Co. will restart construction of its long-dormant downtown skyscraper Park Avenue West in late 2013.


Wendy Culverwell
Business Journal staff writer - Portland Business Journal

TMT Development Co. will restart construction of the long-dormant, 27-story Park Avenue West tower in late 2013.
It’s been 33 long months since March 2009, when TMT said it planned to halt construction of its soaring tower at 728 S.W. Ninth Ave., citing financing issues. Construction crews departed a month later, leaving a deep pit surrounded by a fence in the block west of Nordstrom.

read more...

[de rien]

I read about this in The Oregonian (and a much better article at that!). What I want to know is 1) will the tower be built to original specs or will it be shorter, and 2) how will I survive the wait? Haha, 2013 is a bit more into the future, but here's to a better economy/government by then!

[fordgtman1992]

Office vacancies in what the company calls the "central city" ticked up to 12.99 percent. The report also notes that the Park Avenue West development -- north of Director Park, due west of Nordstrom downtown -- is scheduled to restart construction in 2013 with delivery in 2015, "when many large downtown office tenants have lease expirations."

http://www.oregonlive.com/portland/i...norris_be.html

[MilwaukeeMark]

Published: Friday, March 02, 2012, 7:07 PM Updated: Friday, March 02, 2012, 7:09 PM By Elliot Njus, The Oregonian

Portland-based Langley Investment Properties is planning to build about 750 apartments in the heart of the Lloyd District in one of the largest single apartment projects in the city's history.

A mixed-use project on the Lloyd District "superblock" site has been in the works for some time, but Mayor Sam Adams announced fresh details of the project in his State of the City address Friday. He said it would cost about $250 million, calling it the city's "largest private sector-only investment in years."

This project alone would almost equal the 852 apartment units granted building permits citywide in 2011. Those projects, spread across 21 developments, cost an estimated $87 million combined.

In a city craving new apartments -- the U.S. Census Bureau said this week the city had the second-tightest major rental market in the country, with 3.4 percent vacancy -- commercial real estate brokers say the project will have no problem filling up.

"I'm not saying (the Lloyd District) can absorb 700 units easily, but I'd rather be putting 700 units there than in Northwest, with everything that's going on there," said Greg Frick, a partner with HFO Investment Real Estate in Portland. Several smaller-scale projects are in the works in the Pearl District and the Alphabet District.

A one-bedroom apartment in or near the Lloyd District would currently fetch an average of $969 a month in rent.

"I would expect that this new project will be absorbed quite quickly," said Gary Winkler, a managing broker with Winkler & DuPont Commercial Real Estate Services. "It's just a matter of who they're going to cater to and whether construction will be offset by the rents they're going to get."

A document provided by the Langley describes the development as a transit-oriented "urban village." The four towers would be near the Rose Quarter transit center, where three MAX light rail lines converge, and a new streetcar line. They would be LEED certified and designed by GBD Architects.

Scott Langley, the chief executive officer of Langley Investment Properties, declined to comment further on the proposed development.

It's Langley's first development project since it split from Connecticut-based Ashforth Co. last year.

As was Ashforth's practice, Langley will be a minority partner in a joint venture. Its investor partner in this case, San Diego-based American Assets Trust Inc., bought the site of the proposed development from Ashforth last year.

It was not Ashforth's practice, however, to venture into Portland apartment buildings. The company generally stuck to Lloyd District and downtown office buildings.

It's not clear when the construction will begin, but Adams said it would create 3,000 construction jobs. Langley said the project is currently in the design and entitlement phase.

[rudnicki]

Great news! Lloyd District is perfect for highrise development, looking forward to see this residential tower breaking ground in the near future.

[Black Box]

I really like that view from the Lloyd District. Looks oh so lush, green and dense.

[jbkayaker12]

My nephew is an architecture major @ UNLV and his class will be going to Portland to have a look around the city and study the layout/architecture of the city and maybe even inquire about the Lloyd District project.

[PacificNW]

Originally Posted by Yellow Fever

I was in portland couple months ago and I took this pic but can anyone tell me what building this one will be when its finished? Thanks!

It is the Federal building. The new skin has been installed. Pretty dramatic change.

http://forum.skyscraperpage.com/show...170362&page=11

[Welkin]

$250 million for 750 apartments? Wow that is expensive. At over $330,000 per apartment, what kind of rents will they be getting to justify the cost? $969 for a one bedroom won't cut it. Are they getting any special tax deals to justify the investment? I can see the 852 apartment for $87 million ($102,000 each) that have been built across the city, but these seem a little over the top in cost for apartments. $330,000+ per unit cost for upscale condos makes sense, but not for apartments. What am I missing?

[de rien]

The Lloyd Center project doesn't look that good now, it'll look terrible in 20 years. Sigh. Where are all the good architects at?

[Yellow Fever]

Originally Posted by PacificNW

It is the Federal building. The new skin has been installed. Pretty dramatic change.

Thanks!

Originally Posted by MilwaukeeMark

Looks fantastic!

[jam5]

Any more developments in the works here?

[jam5]

Originally Posted by jam5

Any more developments in the works here?

So the answer is 'no'.

[Yellow Fever]

Pedestrian bridge connecting Lair Hill to South Waterfront is now open
By KATU.com Staff Published: Jul 14, 2012 at 11:11 AM PDT Last Updated: Jul 14, 2012 at 11:29 AM PDT




PORTLAND, Ore. - Portland's newest pedestrian bridge opened Saturday morning.

The Gibbs Street Pedestrian Bridge runs over Interstate 5, connecting the Lair Hill neighborhood just south of downtown Portland to the South Waterfront area. The Portland Aerial Tram runs overhead.

A ribbon cutting ceremony was held Saturday to officially open the new walkway.

The bridge has been ready to go but there was a delay in opening it up to the public because the city wanted to make sure the elevator was working properly.

Rides on the Portland Aerial Tram will be free until 5 p.m. on Saturday for the event.

more photos






[
http://www.katu.com/news/local/Pedes...162468826.html

[fordgtman1992]

Downtown is looking great, some nice new towers in the mix



And the Lloyd Center development looks fantastic!

[PacificNW]

You might want to check out this link for the latest downtown PDX news regarding the new Apple store:

http://forum.skyscraperpage.com/show...121221&page=23

[Roy_DF]

Amazing Downtown.

[mexmatt]

Originally Posted by Yellow Fever

Pedestrian bridge connecting Lair Hill to South Waterfront is now open
By KATU.com Staff Published: Jul 14, 2012 at 11:11 AM PDT Last Updated: Jul 14, 2012 at 11:29 AM PDT




PORTLAND, Ore. - Portland's newest pedestrian bridge opened Saturday morning.

The Gibbs Street Pedestrian Bridge runs over Interstate 5, connecting the Lair Hill neighborhood just south of downtown Portland to the South Waterfront area. The Portland Aerial Tram runs overhead.

A ribbon cutting ceremony was held Saturday to officially open the new walkway.

The bridge has been ready to go but there was a delay in opening it up to the public because the city wanted to make sure the elevator was working properly.

Rides on the Portland Aerial Tram will be free until 5 p.m. on Saturday for the event.

more photos






[
http://www.katu.com/news/local/Pedes...162468826.html

Nice looking bridge. Two questions: How long is it, and will they allow bikes to be ridden on it?

[Yellow Fever]

Its 700ft long. Don't know if it allows ride the bikes on it tho.




image hosted on flickr

http://www.flickr.com/photos/terry_f...n/photostream/

PMLR Transit Bridge Construction

Construction continues on the West Bank of the Willamette River on the light transit rail bridge which will link East and West Portland over the river.