PORTLAND-It’s no construction loan, but Dallas, TX-based Trammell Crow Co. this week received design approval for a 16-story, class A high rise that would rise one block from the waterfront between Southwest Madison and Main streets and First and Second avenues. Trammell is partnering with Chicago-based Urban Growth Property Trust on the project.

Approval from the Portland Design Commission completes a three-and-one-half month review process, and also concludes the discretionary public review process. In October, Two Main won approval from a city hearings officer for its required Central City Parking Review.

“We are very pleased that the design review decision was unanimous from the commission,” said Chris Nelson, managing director of Trammell Crow Company’s Portland office. “This is a significant milestone in Two Main’s timeline, and in the timeline of downtown development in the next 18-24 months.”

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