A highrise in development in Portland Oregon since 2007 is set to resume after work stopped in 2009.
Developer of stalled Park Avenue West Tower preparing reconfigured project
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Developer of stalled Park Avenue West Tower preparing reconfigured project
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July 23, 2013 at 2:29 PM, updated July 23, 2013 at 9:24 PM There are still no workers at the downtown Portland pit left behind when construction of the Park Avenue West Tower stopped in 2009. But work is underway on a revamped configuration for the long-stalled project. When construction starts again, it may be on a tower newly focused on residences rather than offices, a public land-use notice reveals. TMT Developments new proposal calls for increasing the towers height from 26 to 30 stories, now with 15 floors of housing and 13 floors of office space. The addition will bring the total height to 460 feet. Park Avenue West was proposed as a 33-story mixed-use tower with 10 floors of luxury condos. Later on, plans called for cutting the condos for a more traditional office-and-retail tower at 26 stories. TMT President Vanessa Sturgeon called the new plans exploratory in nature. The residential market has done tremendously well over the last few years, Sturgeon said. Were considering what the best is for that property. She added that the company still plans to begin construction again by the end of the year, a target date she announced in 2011. [...] |