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Susan's Guide to New Condos Projects in the

Southwest Downtown/Goose Hollow Neighborhood
 


 Allegro - Civic Condos - Clay Street Commons

 

The Jefferson - Manhattan Tower

 


Downtown Condo Projects - Pearl District Condo Projects

 

Northwest District Condo Projects - River Front Condo Projects

 

South Waterfront Condo Projects


Other Projects

 

 


As a service to our visitors, we have created this "Guide to New Northwest District Condo Projects" page to help you track the development of new condo projects.  You will be able to evaluate different building and purchase a condo when the most choices are available (Preconstruction).

 Condo Prices

In 2007 the average price of a condo in the Portland metro area increased 13% over the average price of a condo in 2006 ($272,900 v. $241,800).  In 2006, the increase was 14% over the 2005 average price ($241,800 v. $212,000).  The previous two years (2005 and 2004), appreciation was 14% and 12%.

New buildings close in are now being priced at $500 a square foot and upwards.  Conversions of existing apartment building are selling in the range of $325-$400 a square foot.
 

 Let me Help You Find the Right Condo

I can help you with finding a new or existing condo in the Portland metro area.  If you're interested in in a condo, call me at (503) 497-2984 or e-mail me at Susan Marthens

 Maps of Downtown Portland

Allegro

Courtesy of Seinna ArchitectureIn November 2006, the Allegro revised plan was approved at a Portland Design Commission hearing. The Allegro has been a four-year quest for the California development firm of M. David Paul & Associates.

The site for the project is now a 76-car parking lot owned by TriMet (metro area's regional government body), and sits next to the SW Salmon Street light-rail stop. TriMet was willing to sell the land for $1 to a developer who would put high-density housing next to it and perhaps stimulate MAX traffic.

In August 2006, the Portland City Council rejected the proposed 21-story, 228-unit condo project in Goose Hollow as too bulky. The neighborhood opposed it and property owners to the north said it blocked their development opportunities. The Goose Hollow Foothills League, whose appeal of the project prompted the council's unanimous rejection in August, has agreed not to appeal this time.

The $1 deal comes with obligations: adding 76 underground public parking slots, replacing an old and deep Tanner Creek pipe and removing any remaining toxic substances.

 Floor-to-Area Ratio (FAR)

The approved design of the Allegro is for a 20-story tower with a smaller two-story section. The original design had a 21-story tower with a separate 16-story tower next to it. The smaller second section allows the Allegro to be built with a floor-to-area ratio of 9-1, considerably less than the 12-1 floor-to-area ratio developers originally sought. No floor-to-area ratio transfers were necessary to construct the final design. Land zoned for a 9-1 FAR means the total floor space of the property’s building, regardless of height, can be no more than nine times the size of the property’s dimensions.

The next development could well be on the lot just north of The Allegro. Property owners Dan Petrusich and Bill Reilly have talked with  the developer about a joint venture according to a story in THE OREGONIAN (December 7, 2006).  Jeff Lamb, an architect for Sienna Architecture, the tower's designer, said that the Allegro was designed assuming that a building would go in next-door.

 Update on Building - March 2008

TriMet, the owner of the parking lot on the site where the condo was to be built, has filed suit in U.S. District Court seeking to terminate a purchase contract with the California development firm of M. David Paul & Associates.  TriMet contends in the suit that the November 2004 agreement expired at the end of February 2008.  The development firm has argued in negotiations that the change in the condo market allowed the deadline to be waived.

Location  1715 SW Salmon Street.  This is just west of downtown in the Goose Hollow neighborhood.
Developer  M. David Paul & Associates.
Construction   New construction. 
Number of Units  158 condominiums in a 20 story building. 
Style  Unknown as of December 2006.
Green  Unknown as of December 2006.
Pricing  Unknown as of December 2006.
Parking  Underground.
Sales Office  Unknown as of December 2006.
Reservations  Unknown as of December 2006.
Completion Date  Most likely in late 2008 or early 2009.

Goose Hollow Homes Currently for Sale  Goose Hollow Homes.
 

Civic Condos

The Civic  If you have driven on West Burnside recently, you will note the demolition of the old Civic Apartment building next to PGE Park between SW 18th Avenue and SW 20th Avenue.  So what is going to take the place of the Civic Apartments?

A new complex that will consist of market-rate condos, affordable housing, and retail in a public-private partnership between the Housing Authority of Portland and Gerding-Edlen Development. On the eastern half will be the Civic tower, 16 stories of 261 condominiums with panoramic views of downtown and the West Hills. On the western side will be six stories of 140 apartments. Binding the two buildings together will be a large pedestrian promenade connecting Burnside and Southwest Morrison Street.

The project is designed by SERA Architects, who designed the 8NW8 affordable housing project on the North Park Blocks at Burnside. 

 Sales Update - March 2008

The Civic has sold almost all of its units and about 20 units remain unsold.

Location  On Southwest Morrison Street and West Burnside Street, next to PGE Park. Technically, the Civic Condos will be located in the Goose Hollow neighborhood and separated from the Northwest District by West Burnside Street.  See Map of Northwest District.
Developer  Gerding-Edlen Development Corporation.  They are the developers of the Brewery Blocks to include The Henry Condos.  Gerding-Edlen Development Corporation is also developing the South Waterfront.
Construction   New construction.  The demolition of the Civic Apartments started in the summer of 2005.
Number of Units  261 condominiums along with a Housing Authority of Portland 140 unit apartment building. 
Style  1-bedroom lofts from 669 - 885 square feet, 2-bedroom homes from 1,200 - 1,521 square feet, 2-bedroom penthouse homes from 1,467 - 2,126 square feet.
Green  Expected to received a silver and gold certificates from the U.S. Green Building Council's Leadership in Energy and Environmental Design.
Pricing  Tower homes (floors 2-15): 1-bedroom lofts from 669 - 885 square feet sell for $199,000 to $369,000. 2-bedroom homes from 1,200 - 1,521 square feet sell from $399,000 to $799,000. 2-bedroom penthouse homes from 1,467 - 2,126 square feet will sell for $699,000 to $1 million plus.
Parking  Underground.
Sales Office  Opened October 1 at 202 NW 13th Avenue.  Telephone: (503) 241-1926.
Reservations  See The Civic Web site.
Completion Date  Summer 2007.

Goose Hollow Homes Currently for Sale  Goose Hollow Homes.
 

Clay Street Commons

court yardClay Street Commons  Located on SW 15th Avenue and SW Clay Street in the Goose Hollow neighborhood, this former apartment building built in 1982 is been converted to condos.  Clay Street Commons is just 3-4 blocks to the MAX light rail and within walking distance of PGE Park.  Walk across I-405 and you're in the downtown area of Portland.  It is an ideal location for Portland State University faculty and staff as you can be at your job in minutes.

The building will have 62 condominiums in a variety of one and two bedroom floor plans - the units are located in different buildings. Prices from $189,000 to $324,950 and units include one secure parking space and an individual storage unit.  Additional parking spaces are available to purchase for $15,000.

Sales Update - March 2008

Only two units remain unsold.

Location  SW Clay and SW 15th Avenue in the Goose Hollow neighborhood.  This is just west of downtown in the Goose Hollow neighborhood.
Developer  Unknown.
Construction  Converted apartment building (five individual buildings) that was built in 1982.
Number of Units  62 one and two bedroom units.
Pricing  From $189,000 to $324,950. 
Parking  One secure parking space and an individual storage unit is included in the purchase price. Additional parking spaces are available to purchase for $15,000.
Sales Office  Telephone: (503) 402-1777.  
Reservations  Reservations are been taken as of early December 2005.  Sales begin on January 22, 2006.
Completion Date  Summer 2006.

Goose Hollow Homes Currently for Sale  Goose Hollow Homes.
 

The Jefferson

The Jefferson Condominiums are located on the corner of SW 18th Avenue and Jefferson Street in the Goose Hollow neighborhood.  The Jefferson is conventionally located within a block of the MAX light rail line and a short walk to PGE Park.  You are just a few blocks from downtown as well as the restaurants and shops on NW 23rd Avenue.

This contemporary 6-story 85,000 SF steel and concrete structure will have 49 condominiums as well as 3,000 SF of retail space. Six of the condominiums will be townhouse style live-work units with sidewalk entrances.

The ground level units will have wrap-around glass storefronts facing the street. The residential units will be located on floors 2-6 with a separate lobby area located on SW 18th Avenue, and will range in size from 532 SF (studio) to 1,877 SF (penthouse). Each unit will include at least one parking space, a usable outdoor deck, and an expansive common ‘green space’ roof with skyline views.

Location  SW Jefferson and SW 18th Avenue - this is just west of downtown in the Goose Hollow neighborhood.
Developer  Parallel Development, LLC.  They also developed Block 90 in the Pearl.
Construction  New building
Number of Units  49 living units from 532 square feet to 1,877 square feet.  One retail unit.
Pricing   A one bedroom unit with 1,001 square feet on the second floor is priced at $395,500 (HOA of $220).  Penthouses on the top floor range from $434,500 to $820,000.  Prices do not include parking.
Parking  Cost is $30,000 per space.
Sales Office  Telephone: (503) 548-4848 or (503) 890-5775.   
Reservations  They are now being taken. 
Completion Date  Construction begin in the Spring of 2006 and the building is expected to be finished in 2008.

Goose Hollow Homes Currently for Sale  Goose Hollow Homes.
 

Manhattan Tower

Portland real estate developer Joe Weston plans to start construction in the fall of 2007 on a 32-story mixed-income condominium tower at 1400 S.W. Alder Street in the Goose Hollow neighborhood. 

The tower would rise on the site of a half-block parking lot and sit adjacent to a four-story office building that Weston also owns. Weston will ask the city to trade unused development rights above the four-story building to create a tower reaching 325 feet, the maximum allowed for the site under zoning rules. It would contain from 207 to 220 units, depending on a final design.

With a floor footprint of 7,500 square feet, the tower would be thinner and taller than the 250-foot, 26-story Benson Tower that Weston is completing downtown (1500 S.W. 11th Avenue). The architectural firm, LRS Architecture in Portland, said that the tall, slender shape would preserve views from the hills and minimize shadows on nearby blocks. The tower would sit on a two-story pedestal offering some retail space at ground level. 

LRS presented tentative ideas in an advisory meeting with the Portland Design Commission in mid-January 2007. The commission will rule on the final design because the land sits in a design-review area designated in the zoning code.

 Building Update - January 2008

Developer Joe Weston has shelved the Manhattan Tower and pushed The Cosmopolitan in the Lloyd District ahead of it.  He plans to shelve the plans for both project and restart the projects when the market returns.  The Cosmopolitan will be developed first. 

Location  1400 S.W. Alder St., just across Interstate 405 from downtown. This is just west of downtown in the Goose Hollow neighborhood.
Developer  Joe Weston who also developed the Benson Tower in downtown Portland.
Construction  New building.
Number of Units  207 to 220 units. Tentative plans call for six units each on low floors, four units each on intermediate floors and two units each at the penthouse level.
Pricing   Unknown as of January 2007.
Parking  Tentative plans are for four levels of underground parking.
Sales Office  Unknown as of January 2007. 
Reservations  Unknown as of January 2007. 
Completion Date  Construction is to begin in the Fall of 2007 and the building is expected to be finished in early 2009.

Goose Hollow Homes Currently for Sale  Goose Hollow Homes.
 



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Susan Marthens
Principal Real Estate Broker, GRI
(503) 497-2984
Fax (503) 220-1131

 

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