Pacifica

Pacifica  The Pacifica will be one of the largest resident glass front buildings in Portland. The Pacifica Tower features 74 units from $239,000 to over $1 million.  Each unit boasts floor to ceiling glass and some units feature expansive panoramic views.

The homes are finished with engineered hardwood floors, slab granite counter tops, European fixtures, large soaking tubs, plush carpeting and expansive windows are all standard. Owners can choose from contemporary color palettes. Slab granite countertops and custom cabinetry in kitchens. Engineered hardwood flooring throughout living level. 10' ceiling height. Eight-foot doors throughout main living level.

The developers of the Pacifica are the same as Riverscape Townhomes.

 Sales Update - March, 2007

Pacific has pre-sold 24 percent of its 79 units and approximately 60 units remain unsold.

Location  NW 18th and NW Front.  Located on the Willamette River 1.5 miles from the heart (Pioneer Square) of downtown Portland.  This is three-quarters of a mile from McCormick Pier (see above map for location).   See map of area - PDF format.
Developer  In 2003, Apollo formed Apollo Development to build town homes.  Apollo Development built the 80-lot McGregor Heights in Southeast Portland, the 21-lot Eagle Ridge in Beaverton, and nine-lot subdivisions in Milwaukie and Forest Grove called Davies Place and David Hill, respectively. Principals Dan Grunewald and Tim Ralston (Apollo Custom Homes - 4805 SW Oleson Road, Portland, OR) are the owners of Apollo Development.
Construction Type  New.
Number of Units  The building will have 79 units in eight stories.
Style  Lofts and traditional.
Pricing  Lofts are priced from $239,900 - $389,900.  One bedroom are priced from $339,900 - $499,900.  Penthouses are priced from $499,900 - $2,099,900.
Parking  Secured parking.
Sales Office  304 NW 11th Avenue (corner of Everett).  They are now accepting reservations - call (503) 295-3744.
Preconstruction Reservations  Yes.  Preconstruction sales began in late April 2006.  Call (503) 295-3744 for details.
Completion Date  Pacifica will be finished by late 2007 or early 2008. 

Riverscape Townhomes

Riverscape Townhomes is a development of 104 townhomes, 91 brownstones, and condos along the Willamette River 1.5 miles north of downtown (Pioneer Square).  Two towers will contain condo units - one tower will be eight stories and the other 16 stories.

The townhomes will have hardwood floors, decks, attached garages, and large master suites. Units will have 1,489-2,204 square feet with attached garages. 

The homes are located at NW 16th Avenue and NW Front Street in an industrial area that is beginning to change to residential living. As of early 2005, construction is currently underway and the first townhomes are expected to be completed in the Fall of 2005.  Due to the size and scope of the project, it will be approximately five years before the entire project will be completed.

Location  NW 16th and NW Front.  Located on the Willamette River 1.5 miles from the heart (Pioneer Square) of downtown Portland.  This is three-quarters of a mile from McCormick Pier (see above map for location).   See map of area - PDF format.
Developer  In 2003, Apollo formed Apollo Development to build town homes.  Apollo Development built the 80-lot McGregor Heights in Southeast Portland, the 21-lot Eagle Ridge in Beaverton, and nine-lot subdivisions in Milwaukie and Forest Grove called Davies Place and David Hill, respectively. Principals Dan Grunewald and Tim Ralston (Apollo Custom Homes - 4805 SW Oleson Road, Portland, OR) are the owners of Apollo Development.
Construction Type  New.
Number of Units  104 townhomes, 91 brownstones, and two towers of condos.  Tentative plans call for 65 moorage slips on the river.
Style  Townhomes, brownstones, and condos.
Pricing  Prices from $343,000 (1,489 square feet) to $1,000,000 (2,204 square feet).  Reservations are $5,000 for off river and $10,000 for river sites. The units will be going to contract in March and units will be ready to close in June 2005.
Square Foot Price for Townhomes  $334 - $453.
Parking  Townhomes will have an attached garage.
Sales Office  Showroom opening in March 2005.  They are now accepting reservations - call (503) 295-3744.
Preconstruction Reservations  Yes.  Preconstruction sales began in late February 2005.  Call (503) 295-3744 for details.
Completion Date  The entire project will take up to five years.  The first townhomes will be ready to occupy in the early Fall of  2005.

Waterfront Pearl

Waterfront Pearl  Development partners, Pemcor Investment Corp. of Vancouver, British Columbia, and Grancorp Inc. of Seattle, are building a luxury project at the River Queen parking lot on the edge of the Pearl District.  The property, held for years by the Naito family, is bordered by Naito Parkway, the Albers Mill building to the south and the Portland Police paddock to the north.

This area has approximately 900 feet of waterfront and will be called "Waterfront Pearl."  This area is located on the Northeast corner of the Pearl District neighborhood.

Amenities include an underground parking garage, exercise room, boardroom and common area. The developers do not plan to pursue regulatory approval for docks or river-oriented amenities.

 Design Includes Water Feature

Plans include an extensive water feature.  The water features covers almost the entire property and will range in depth from 18 to 36 inches. Water will cascade down a series of waterfalls, be recycled through a series of filters, and re-circulated. It is designed to assist with storm water management, building temperature control and irrigation. It will also provide gray water for fire fighting.

The effect would be to make the buildings look like they're resting in the shallows of the Willamette River. The project calls for extensive landscaping, maintains view corridors from Naito Parkway and continues the riverfront trail that currently ends at the edge of the parking lot. 

Soren Rasmussen, the architect, sees the project as a bridge that will connect the Pearl District to the Willamette River and teamed with Portland landscape architectural firm Walker Macy to design a central water feature intended to illustrate the connection. Rasmussen's design for the two towers calls for sculpted, wedge-shaped buildings that enable most condo units to view the river.

 Project Timetable

Plans called for the project to develop in two phases, from north to south.  The first build (Mistral) will have 97 condominium units and will range from 900 square feet to more than 2,000 square feet in a 10 story building. The other building (Azure) will have 95 units ranging in size from 900 square feet to over 3,200 square feet.  Condominiums at the Mistral and Azure will sell from $350,000 to more than $2.7 million.  Construction started in early October 2005 and plans call for the both buildings to be finished by the spring of 2008.

 Sales Update - March, 2007

Tthe Waterfront Pearl has pre-sold about 90 of its 196 units.

Location  North of downtown along the Willamette River.  It is bordered by Naito Parkway, the Albers Mill building to the south and the Portland Police paddock to the north. See map of area - PDF format.
Developer  Development partners, Pemcor Investment Corp. of Vancouver, British Columbia, and Grancorp Inc. of Seattle.
Construction  New building.
Number of Units  97 suites in Mistral, the first building.  They will range from 900 to 2,000 square feet in a 10-story building. The Azure will have 95 units ranging in size from 900 square feet to over 3,200 square feet.
Style  Traditional condo style.
Pricing  Waterfront Pearl's planned 192 condominium units will range from 900 square feet to more than 3,200 square feet and vary in cost from $350,000 to more than $2.7 million.
Parking  Underground.
Sales Office  Alber’s Mill Office Building at 1200 NW Naito Pkwy, Suite 100.  Presentation Centre features a fully furnished 1286 square foot model home.  Hours: 12-5 daily, closed Fridays. For more information, call 503-229-7600.
Completion Date  Construction started in early October 2005 and the project should be finished by the spring of 2008. 

The Strand at RiverPlace

The Strand at RiverPlace  The Strand, being developed by a partnership created by Jack Onder and Homer Williams, in the RiverPlace area will feature three condo towers, an 8,000-square-foot restaurant and underground parking. It differs significantly from the original 1999 proposal, which included a hotel with 80 to 130 rooms.

Condos and Townhomes

The final plan calls for three condominium towers, two with 11 floors and one with 13, and a single-story restaurant. The glass and metal point towers are brick and metal at the base, where two-story townhomes offer another option for residents looking for a different feel. The total unit count is 189 condominiums and 27 two-story townhomes. 

The location is just south of the Hawthorne Bridge and near the west end of the Marquam bridge.  A small commercial area of shops, restaurants, and a hotel are located in the area.  There are other residential buildings in the area as well as the RiverPlace Athletic Club. 

 Parking

The commission required The Strand to include a 150-space parking garage for public parking because of the need for more parking in the area. Those spaces will be owned by a nonprofit made up of RiverPlace-area businesses. The residents will also have a 261-space garage.

 Streetcar Line Will Connect Downtown Portland to RiverPlace

The Portland Streetcar opened the connection between downtown and RiverPlace on March 11, 2005.  It will expand toward the South Waterfront area in 2007. The Strand and South Waterfront, where Williams also is a developer, complement each other in another way. Taxes paid by condo owners in The Strand will help fund streets, parks and other infrastructure for the South Waterfront development.

 Developers

The Portland Development Commission in mid June 2004 approved the sale of a barren parcel to RiverPlace Partners LLC for $3.67 million.  The development firm is headed by Homer Williams, who has been a condominium developer on other urban renewal projects such as the Pearl District in Northwest Portland.  Williams is currently involved with the North Macadam development where he hopes to create a vibrant community centered around the aerial tram connection to Oregon Health & Science University.

Williams & Dame and Onder Development were the only respondents to a request for proposals issued in February, 2007 to develop an adjacent piece of property next to the Strand - RiverPlace Parcel 8 at Southwest River Parkway and Southwest River Drive. Their proposal calls for 15,500 square feet of ground-floor commercial space, 189 residential units and 253 underground parking stalls. The project’s maximum height is 150 feet.  If the Portland Development Commission approves the deal, Williams and company would buy the one-acre site for $4.7 million -- its appraised market value.

 Sales Update - March, 2007

The Strand has pre-sold 86 percent of its 199 units and about 25 units remain unsold. 

Location  South of downtown along the Willamette River.  The property is next to South Waterfront Park on Southwest River Drive between Montgomery and River Parkway. This area now has a marina, 2-blocks of retail, athletic club, apartments, and condos. See map of area - PDF format.
Developer  Homer Williams and Jack Onder.
Construction  New building.
Number of Units  189 condos and 27 townhomes in three towers.  Two of the towers will be 11 stories and one of the towers will be 13 stories.
Style  Unknown as of early 2005.
Pricing  Starting at $190,000.
Square Foot Price  About $350.
Parking  150 public spaces and 261 private spaces.
Sales Office  The project is being marketed by the The MacNaughton Group located at 1220 NW Lovejoy, Suite 130, Portland, Oregon 97209.  Telephone:  (503) 292-9119.
Preconstruction Reservations  Yes.  Reservations are now being accepted.  Call (503) 292-9119 for details.
Completion Date  Construction started in February 2005 and is expected to take 30-36 months so the project should be finished by early 2007.