PORTLAND, OR-Shorenstein Properties of San Francisco this week broke ground for this city's next Downtown office building. Names for the intersection it will occupy one block from Tom McCall Waterfront Park, First & Main will be a 16-story, 355,500-sf (net rentable) building.

The rentable space breaks down to 346,500 sf of office space 20,000 sf of ground-floor retail. In addition to the retail, which will include restaurants, amenities will include a large lobby with casual seating and wireless Internet access and bike storage and shower facilities. Delivery is scheduled for early 2010.

Shorenstein has retained Gerding Edlen Development, GBD Architects and Hoffman Construction as the local development team, which will construct the building with LEED certification from the US Green Building Council in mind. Norris, Beggs & Simpson and Urban Works Real Estate are the third-party office and retail listing agents, respectively. The annualized full service asking lease rate is expected to in the low to mid $30s per sf.