Weekly Roundup: Centennial Mills, 72 Foster, Oregon Harbor of Hope, and more

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.

The Oregonian reported that Portland Public Schools construction costs could top $1 billion and that “district officials lack ‘rationale or explanation’ for low-ball estimates.”

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.

Pizzeria Otto will open a second location in the ground floor of 72 Foster, reports the Oregonian.

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Weekly Roundup: 100 Multnomah, N Williams Center, Modish Building, and more

100 Multnomah
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.

The Daily Journal of Commerce wrote about the Pearl Neighbors for Integrity in Design,* who are fighting the proposed Hyatt Place at NW 12th and Flanders.

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.

The Ecotrust has completed work on the Redd on Salmon Street, reports the Portland Business Journal. The food business incubator and last-mile distribution warehouse already serves more than 170 food businesses and five core tenants.

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 Portland Business Journal took a first peek at the Rood Family Pavilion, the “cool new guest house for OHSU Doernbecher families“.

*This article will be unlocked for the rest of this week. After this week it will only be viewable by DJC subscribers.

Renovation of 10th & Yamhill Smart Park Approved (images)

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.

10th & Yamhill Smart Park

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10th & Yamhill Smartpark Receives Design Advice (images)

Plans by the Portland Bureau of Transportation and the Portland Development Commission to renovate the 10th & Yamhill Smartpark Garage have received Design Advice. The project is being designed by FFA Architecture and Interiors. The project is intended to address ADA and seismic deficiencies in the existing structure, as well as improve the ground level retail experience.

10th & Yamhill Smartpark

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Convention Center Hotel Approved by Design Commission (images)

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.

Hyatt Regency at the Oregon Convention Center

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