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Fox Tower Developer Planning $150M Encore

PORTLAND, OR-Local developer Tom Moyer expects to break ground this fall for a 35-story office building adjacent to the 27-story Fox Tower, which he started in 1997 without tenants or financing.

By Brian K. Miller | Updated on January 19, 2007

PORTLAND, OR-Local developer Tom Moyer is planning to add another tower to the Downtown core. The movie house mogul turned office building developer says he’ll break ground this fall for a 35-story mixed-use building adjacent to the 27-story Fox Tower, which he started in 1997 without tenants or financing and, after a mid-course correction, successfully completed three years later.

Park Avenue West, his 525,000-sf encore to the 438,000-sf Fox Tower, would be one of the tallest buildings in the city at 410 feet. Similar to 1000 Broadway, of which Moyer is an investor, the building will have condominiums atop office atop retail. The total development cost is estimated at $150 million.

The development site is a half-acre mini-block at Park Avenue and Yamhill Street, diagonally across the intersection from Fox Tower, which sits on a full block. The two buildings will flank on the north and east another mini block now being excavated en route to becoming an underground parking lot with a park on top.

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