PORTLAND, OR-HFF says that it has arranged financing for the development of Park Avenue West, a 30-story, mixed-use high-rise in downtown Portland.
Working exclusively on behalf of TMT Development, HFF placed the construction loan with PCCP, LLC.
Park Avenue West will consist of six levels of subgrade parking, two levels of ground-floor retail, 211 luxury residential units on the next 15 floors, as well as class A office space on the upper 13 floors, which is partially leased to Stoel Rives, LLP. The residential units will include a mixture of studio, one- and two-bedroom options. Due for completion in summer 2016, the tower is pre-certified LEED Platinum and will be located at 750 SW 9th Avenue one block west of Pioneer Square and adjacent to Nordstrom in downtown Portland.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
