100 NE Multnomah | xx' | 9 Floors | Proposed

[MarkDaMan]

Subscription required: https://www.bizjournals.com/portland...310&j=86063311

Prosper Portland sizes up a 10-story, $77M office building near the Oregon Convention Center
By Jon Bell – Staff Reporter, Portland Business Journal
2 hours ago

When Prosper Portland had Mortenson Construction conjure up plans for a 442-stall parking garage across from the Oregon Convention Center, the agency asked the firm to design it so that it could be added on to in the future.

Now it looks likely that Prosper Portland will head down that road by having Mortenson design a 10-story, roughly 140,000-square-foot office building on top of and adjacent to the parking garage.

At its meeting this Wednesday, the Prosper Portland Board of Commissioners will take up the project and consider whether or not to bump up a contract with Mortenson from about $478,000 to $1.6 million to complete the early design work of the prospective office building.

...(continues)

[maccoinnich]

Prosper Portland weighs office building atop convention center parking garage



Portland's economic development agency might top a parking garage already under construction near the Oregon Convention Center with a 10-story office building.

The agency, Prosper Portland, is building the $32 million parking garage alongside a 600-room Hyatt Regency hotel to serve the Oregon Convention Center. Mortenson Construction, the Minneapolis firm behind the hotel, is also building the garage for Prosper Portland.

The hotel's construction is backed by $60 million in revenue bonds tied to local lodging taxes, as well as a state grants and land provided by Prosper Portland. The 442-space garage was intended to serve the hotel and the convention center.

The garage was designed to accommodate the future construction of an office building, but the city agency previously committed only $500,000 to its design. Prosper Portland is now doubling down, documents show, seeking approval from its board to increase its investment to $1.6 million from the to further the design. The funds come from taxes collected in the Oregon Convention Center urban renewal area.

...continues at the Oregonian.

[maccoinnich]

Here is the report to the Prosper Portland board.

[urbanlife]

That is awesome news, I honestly figured the whole future office building on top of the garage would be one of those things we would never see happen. This would be a good move for Portland Prosper and the building looks like it would be a good addition to the area on top of the parking garage.

[downtownpdx]

Hope they follow through with it. I'd love to see something make the parking garage less... Just parking.

[maccoinnich]

Request for Response

[maccoinnich]

Staff Report, which recommends approval.

[cityscapes]

Originally Posted by maccoinnich

Staff Report, which recommends approval.

I thought this sentence from the staff report was interesting: "The Tri-Met Rose Quarter Transit Center, a major bus transfer location and located within the Fareless Square, is less than 500 feet from the project site."

Hasn't Fareless Square been gone for years?

[rsbear]

Originally Posted by cityscapes

Hasn't Fareless Square been gone for years?

Anyone that uses TriMet in central city knows the answer to that question.

[maccoinnich]

Originally Posted by cityscapes

I thought this sentence from the staff report was interesting: "The Tri-Met Rose Quarter Transit Center, a major bus transfer location and located within the Fareless Square, is less than 500 feet from the project site."

Hasn't Fareless Square been gone for years?

It warms my heart to know people are actually reading the staff reports that I post.

[urbanlife]

Originally Posted by maccoinnich

It warms my heart to know people are actually reading the staff reports that I post.

I always try to read them when I can, I sometimes miss one or two here and there if I am busy, but I always appreciate all the updating that you do. Really, you are one of the main factors that keeps this subforum alive and active. As they say, not all heroes wear capes.

[2oh1]

Originally Posted by cityscapes

Hasn't Fareless Square been gone for years?

Holy moly, Fareless Square ended a decade ago, at the end of 2009 (though it briefly sort of continued as the Free Rail Zone, but that didn't last long).

[urbanlife]

Originally Posted by 2oh1

Holy moly, Fareless Square ended a decade ago, at the end of 2009 (though it briefly sort of continued as the Free Rail Zone, but that didn't last long).

It's hard to believe it has been that long, but at the same time it has been long enough that I have started to forget that there use to even be a fareless square. I am happy I lived downtown while it existed because I took full advantage of the hopping on and off trains and sometimes buses when I was downtown.

[pdxsg34]

Originally Posted by maccoinnich

It warms my heart to know people are actually reading the staff reports that I post.

Maccoinnich, that's great to hear. I too am a follower of pdx projects and development, so your efforts with NextPortland and this forum are both greatly appreciated and super insightful. Keep it up!

[maccoinnich]

Drawings [11 MB]

[MarkDaMan]

This is such a poorly put together block.

Who do they think the office tenant would be? TriMet or Metro administrative offices? Another government agency? TriMet is building it's security offices on the SW corner. I don't see a private company outside of the sports teams that utilize the Rose Quarter or perhaps medical offices for the Unity Center being interested in this location.

[urbanlife]

Originally Posted by MarkDaMan

This is such a poorly put together block.

Who do they think the office tenant would be? TriMet or Metro administrative offices? Another government agency? TriMet is building it's security offices on the SW corner. I don't see a private company outside of the sports teams that utilize the Rose Quarter or perhaps medical offices for the Unity Center being interested in this location.

I think Prosper Portland is looking to make this their new office space.

[RED_PDXer]

Originally Posted by MarkDaMan

This is such a poorly put together block.

Who do they think the office tenant would be? TriMet or Metro administrative offices? Another government agency? TriMet is building it's security offices on the SW corner. I don't see a private company outside of the sports teams that utilize the Rose Quarter or perhaps medical offices for the Unity Center being interested in this location.

I doubt very much Metro would relocate from a building that they already own. TriMet is currently leasing it's administrative headquarters, so I suppose they may be in the market in the near term, but I'm sure there's lots of other locations that would be cheaper than brand new construction.

[maccoinnich]

Approved yesterday.

[maccoinnich]

Final Findings and Decision by the Design Commission and Drawing Appendix [59 MB] with renderings.