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Old Posted Jan 24, 2016, 7:04 PM
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Join Date: Aug 2001
Location: Milwaukie, Oregon
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Originally Posted by AdamUrbanist View Post
Looking at the drawings I wonder if this might be a condo project. The unit plans are pretty generous compared to most new rental and there are no internal bedrooms. Also floor to floor heights of over 11 ft and a lot of glass. Typically that kind of boutique, high-end product is sold rather than rented. On the other hand the parking ratio is still around .5 which could be a challenge to sell and the rental market hasn't softened yet. In any case it would be exciting to see more balance between rental and ownership housing getting built.
More than likely it is being done as a rental with the thought of turning it to condos at a later date. That tends to be an easier way to get a condo building built these days.
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