PORTLAND, Ore. (KOIN 6) — With 150 units, the biggest residential project in all of Portland will rise 28 stories high in the Pearl District.
The as-yet-unnamed condominium complex is being built by Hoyt Properties between NW 10th and 11th and between Northrup and Overton.
When it’s completed in 2016, it will rise nine stories taller than the current tallest building in the Pearl.
“We thought we could go a little bit taller if we had a smaller footprint,” said Tiffany Sweitzer, the president of Hoyt Properties. “The building is tall, yes, in 28 stories, but it’s also very slender. So that helps with our neighboring buildings in terms of views and shadowing.”
Each condo will have one parking spot per bedroom, she said.
“It’s a huge risk, and we’ve been a little leery of moving forward too quickly,” Sweitzer said. They saw the market start to improve and wondered if rentals would be better. In the end they went with a condo complex.
Though the name hasn’t been revealed, Sweitzer said a name has already been chosen.