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July 16, 2014

Work starts on Portland's first new central city office building in 5 years

Portland Business Journal

Alli Pyrah

Construction is set to start Friday on the first office building to break ground in Portland since 2009.

The Pearl West will feature nine stories in its 230,000 square foot. The figure includes 10,000 square feet of ground floor retail space. It is expected to be completed in early 2016.

Pearl West will feature unobstructed views of the West Hills and of the city's northern parts toward the Fremont Bridge. The upper floors will also feature views of Mt. Hood and Mt. St. Helens.

Amenities will include an executive conference room, restaurant, a living room-style lobby and an outside plaza alongside Northwest Irving Street between Northwest 14th and 15th avenues.

Pearl West is being built by BPM Real Estate Group and designed by GBD Architects in collaboration with THA Architecture. It will feature efficient floor layouts, large windows and high ceilings.

It is also expected to be LEED-certified, with one of the best vehicle parking and bike storage ratios in the city. It also features showers and lockers and three underground floors for vehicle parking.

Financing is being provided by Washington Capital Management with participation from ULLICO, a life insurance company serving labor unions. Howard S. Wright Constructors will build Pearl West and KPFF is the structural engineer.

Kidder Mathews is the leasing agent for the commercial space. New & Neville Real Estate Services will represent the retail space.

Portland Mayor Charlie Hales will attend the groundbreaking ceremony on Friday.

For the full story, go to Portland Business Journal .

© 2014 American City Business Journals. All rights reserved.

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