Field Office (2 buildings) | 84'-0" | 6 floors | Complete

[eric cantona]

Originally Posted by Sioux612

Link

This area has a lot of potential. It is kind of odd that all the development is concentrated in one area. This is still a part of the industrial district, yes?

More flickr gold (publicly viewable): Link

interestingly (boringly?) I was looking up zoning maps in this area and checked - it's zoned EX, which is "Central Employment":

Central Employment. This zone implements the Central Employment map designation of the Comprehensive Plan. The zone allows mixed-uses and is intended for areas in the center of the City that have predominantly industrial type development. The intent of the zone is to allow industrial and commercial uses which need a central location. Residential uses are allowed, but are not intended to predominate or set development standards for other uses in the area. The development standards are intended to allow new development which is similar in character to existing development.

[maccoinnich]

The site used to be zoned IG1, but the previous property owner got it rezoned to EXd a few years ago. EXd is the zone applied throughout the Pearl.

[maccoinnich]

[maccoinnich]

"Groundbreaking" is such a nebulous idea.

WEDNESDAY: $100 million office project to break ground in NW Portland

One of the state’s largest entrepreneurial real estate investments in the past decade, Field Office will provide 300,000 square feet designed for technology and creative services companies

Portland, Oregon – On Wednesday at 11:00am, elected officials, community leaders, and business owners will gather to celebrate the groundbreaking for Field Office, a $100 million office project in NW Portland’s emerging Frontside District.

Scheduled for completion in early 2018, Field Office will include two buildings with approximately 300,000 square feet of office and retail space, making it one of the state’s largest entrepreneurial real estate investment in the past decade.

Field Office is a first-in-Oregon investment for National Real Estate Advisors (National), a leading investment manager, specializing in build-to-core—developing and owning large-scale, urban commercial and multifamily projects for its institutional client accounts. National develops assets for institutional portfolios of apartments, office, mixed-use, industrial, data centers and hotels with design features, technological enhancements, and amenities that can drive high tenant demand and create value for investors. The firm is a subsidiary of the National Electrical Benefit Fund.

When:

Wednesday October 26, 2016
11:00 AM


Where:

Future Site of Field Office
2030 NW 17th Ave.
Portland, OR 97209


What:

An event to celebrate the groundbreaking of Field Office, a $100 million office building that is uniquely positioned to serve as a headquarters location for growing technology and creative services companies.

Coffee and refreshments from Olympic Provisions will be provided.

Who:

Attending will be representatives from National, Portland-based development partner project^, HACKER Architects and Lease Crutcher Lewis.

Also joining in the celebration will be elected leaders, economic development officials, and business owners from the Frontside District in NW Portland.

About Field Office

Field Office represents the next generation of creative office space: a building designed from the ground up for companies that are innovating in their own industries. Field Office breaks down the barriers that exist in traditional downtown office space, connecting people to the environment. Its ground floor gardens and pavilions, High Parks, and Sky Parks integrate the landscape into the buildings and bring works spaces outdoors.

Ranked the healthiest state economy in 2015 by Bloomberg, Oregon is uniquely positioned in the economic ecosystem as a place where people want to locate, grow, and be connected to our one-of-a-kind livability. Field Office will offer a new urban campus opportunity to propel our region’s creative economy to the next level.

For more information about Field Office, including images and floor plans, visit www.fieldofficepdx.com.




[maccoinnich]

Developer imagines new neighborhood north of the Pearl



For now, most Portland residents likely see the small slice of waterfront property bounded by the Fremont Bridge and Highway 30 as an extension of the Pearl District or industrial Northwest Portland.

But when Tom Cody looks at the strip of land, he sees a neighborhood he calls the "Frontside District," an area he hopes will replicate the Pearl District's redevelopment, in miniature.

This theoretical neighborhood will be anchored by a 300,000-square-foot, $100-million project by Cody's development company, Portland's Project^.

...continues at the Oregonian.

[urbanlife]

That makes sense, that area is so far removed from the heart of the Pearl District that it is sort of becoming its own district. I see it to be a lot like how the Slabtown District is turning out to be in Northwest.

[Leo]

Originally Posted by urbanlife

That makes sense, that area is so far removed from the heart of the Pearl District that it is sort of becoming its own district. I see it to be a lot like how the Slabtown District is turning out to be in Northwest.

It really *has* to be its own district, much more than Slabtown. When one of the long freight trains comes through, you can't get to Pearl District, so you better not count on being able to walk over whenever you feel like it ...

[urbanlife]

Originally Posted by Leo

It really *has* to be its own district, much more than Slabtown. When one of the long freight trains comes through, you can't get to Pearl District, so you better not count on being able to walk over whenever you feel like it ...

That is true, there really is only that one pedestrian bridge over by the train station that can be used to cross when a freight train is coming through. I remember using that bridge a lot back in the day when I use to date a girl that lived over in those apartments.

[maccoinnich]

Project^ Frontside



Project^ is the developer behind such design-friendly projects as Swift Headquarters at Northwest 16th Avenue and Overton Street; Union Way, the hipster mall arcade opposite the Ace Hotel; and the cross-laminated timber tower Framework at Northwest 10th Avenue and Glisan Street.

Project^ has christened the area under the west end of the Fremont Bridge the Frontside District. In a retro touch they call Northwest Front Avenue "Front Street" and say it "provides the Frontside District a direct connection to the rest of the Central City."

This deadzone, currently home to the Dockside Tavern of (Tanya Harding rubbish scandal fame) will be jumpstarted by a project^ project called Field Office. The $100 million project has broken ground and when completed will resemble two multilayered office and retail buildings split by a walkable courtyard.

The site resembles a trapezoid, flanked by Highway 30 and the busy railroad.

...continues at the Business Tribune.

[maccoinnich]

PBOT will extend Naito Parkway bike lanes into NW industrial area



Last April we highlighted the massive potential for cycling in the northwest industrial area — a place with thousands of jobs, burgeoning residential and office development, and lots of wide streets.

Now, thanks to the ongoing building boom along the Willamette River north of the Fremont Bridge, the City of Portland will create nearly a mile of new bikeways to connect the area’s new residents and employees to the rest of the city.

The new bike lanes will connect to existing ones that currently end at NW Naito Parkway and 9th. From 9th to NW 15th, PBOT will reconfigure the roadway from its existing five standard travel lanes to three standard lanes (one lane in each direction and a center turn lane), two buffered bike lanes and an auto parking lane.

...continues at BikePortland.

[maccoinnich]

[maccoinnich]

[QAtheSky]

Cladding and windows are going up

[downtownpdx]

IMG_5031 by Ryan Miller, on Flickr

[MarkDaMan]

Ad agency, child care coming to $100 million Northwest Portland development
By Mike Rogoway mrogoway@oregonian.com
The Oregonian/OregonLive
Updated Nov 2, 2017; Posted Nov 2, 2017

http://www.oregonlive.com/business/i...art_river_home

The first tenants have signed on for a Northwest Portland project that developers hope will kick off new Portland neighborhood.

Portland marketing agency Adpearance said it will move from its current headquarters near downtown to 30,000 square feet in the $100 million Field Office development north of the Pearl District. Childcare provider The Children's Garden will open a facility there, too, developers said Thursday.

...continues

[urbanlife]

I love how defiant the Dockside looks with this new building wrapped around it.

[downtownpdx]

Originally Posted by urbanlife

I love how defiant the Dockside looks with this new building wrapped around it.

I'm so glad they preserved it. This is an example of how thoughtfulness and creativity can allow for urban growth with respect for our past.

[maccoinnich]

Inside and outside the new Field Office development in NW Portland (Photos)

One of the main directives for the architects at Hacker when it came to designing Field Office was to find the best way to connect people to nature.

It sounds straightforward enough until you consider that Field Office is a two-building, roughly 300,000-square-foot office development located on the way out to a highly industrial area of Northwest Portland.

But from the lichen walls in the lobby area and the tranquil outdoor courtyard to the green roofs and juniper-lined locker rooms, Field Office definitely sets a natural feel in an otherwise built-up environment.

“Normally when you are in an office building, you aren’t connected to the outdoors,” said Corey Martin, a principal with Hacker and lead designer on the project. “Usually you're far from it and wishing a lot of times that you were out there. So that was our directive.”

The development, which wrapped up construction last year, sits at 1895-2035 N.W. Front Ave. just north of the Fremont Bridge. It came from a partnership between Portland developer project^ and he Washington, D.C. real estate investment firm National Real Estate Advisors.

...continues at the Portland Business Journal.

[MarkDaMan]

https://www.wweek.com/news/chasing-g...-stumped-them/

Goldman Sachs is Great at Making Money, but Stumptown Stumped Them
Buying an office building for $118 million in 2019 was a blunder, it appears.
By Anthony Effinger - Willamette Week
July 19, 2023 at 6:00 am PDT

ADDRESS: 2035 NW Front Ave.

YEAR BUILT: 2018

SQUARE FOOTAGE: 290,000

MARKET VALUE: $62.7 million

OWNERS: Goldman Sachs, Lincoln Property Co.

HOW LONG IT’S BEEN EMPTY: It’s not, but the owners defaulted on the loan.

WHY THEY DEFAULTED: No one wants office space in Portland.

You remember Goldman Sachs, the Wall Street investment bank that former Rolling Stone journalist Matt Taibbi dubbed a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

Well, Goldman jammed its blood funnel into Portland and came up dry.

The New York firm recently defaulted on a loan that it and a partner firm took in 2019 to buy Field Office, a hipster-magnet office complex on Northwest Front Avenue in the shadow of the Fremont Bridge. Instead of foreclosing, the lender is trying to sell the $73.8 million loan, almost certainly at a discount, to the highest bidder, according to a flyer for the sale obtained by WW.

Real estate services firm CBRE Group is handling the sale.

“CBRE’s National Loan & Portfolio Sale Advisors have been retained as the exclusive advisor for the sale of a $73.8 million nonperforming senior loan secured by a Class ‘A,’ recently constructed office campus in Portland, Oregon,” the flyer says. “The lender is in the process of finalizing a deed-in-lieu of foreclosure with the borrower, affording investors the potential for an expedited path to title.”

...(continues)

[PhillyPDX]

Originally Posted by MarkDaMan

https://www.wweek.com/news/chasing-g...-stumped-them/



...(continues)

I like those buildings. A shame. Although the location is a bit odd.