Prendergast, CE John Redesigning Pearl District Projects, Adding Floors

PORTLAND-An extension of height bonuses in this city’s rapidly gentrifying northwest industrial district has two developers redesigning their mixed-use projects. Pat Prendergast of Portland-based Prendergast & Associates tells GlobeSt.com that its development at 10th Avenue and Lovejoy Street, already underway when the city extended the bonus, will be a 10-story, 130,000-sf office building with 20,000 sf of retail and 300 parking spaces instead of the original six-story, 80,000-sf design that included two floors of residential space. “It was fortuitous that we hadn’t poured the concrete yet,” says Prendergast.

Bob Thompson of Thompson Viavoda & Associates handled both the original design and the redesign. Hoffman Construction is the general contractor and the leasing agents are Mark Fraser and John Kohnstamm of Colliers International.

Mark Perniconi of Vancouver, WA-based C.E. John Properties tells GlobeSt.com his company’s property at 10th Avenue and Hoyt Street, previously a five-story residential and office project, could now be twice as tall and all residential, though no decisions have been made. “We’re now looking at a blank slate,” says Perniconi, who wasn’t as far along in the development process as Prendergast. “A decision will be made in a month or two.”