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November 30, 2016

Broadway Tower hits the bottom and starts its way up

Portland Business Journal

Jon Bell

About five months after crews officially broke ground on the Broadway Tower project, the giant pit at the corner of Southwest Broadway and Southwest Columbia has bottomed out and a 375-foot crane now towers above it.

As of mid-October, excavation work by Howard S. Wright Construction and its subcontractors had just about wrapped up, leaving a 70-foot-deep void where once stood the former Oregonians Credit Union building and a parking lot. That void will become four levels of underground parking beneath the 19-story tower.

When it's complete, Broadway Tower will be home to a 180-room Radisson RED Hotel on the first eight floors and 175,000 square feet of office space from the ninth floor on up. Portland's BPM Real Estate Group, which also developed the Pearl West office building, is developing Broadway Tower.

"We are pleased with the tremendous amount of interest we have received to date from prospective office tenants," said BPM CEO Walter Bowen, in a statement. "We expect to have much of the building leased prior to completion in the third quarter of 2018."

Kevin Joshi, senior vice president and partner with Kidder Mathews, is heading up the leasing of the office space in the tower. He did the same for Bowen at Pearl West.

Construction of Broadway Tower up to the foundation level is expected to be completed by the middle of this coming March, while the entire project should be finished by September 2018.

For the full story, go to Portland Business Journal.

© 2016 American City Business Journals. All rights reserved.

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