Quote:
Originally Posted by RED_PDXer
There are few, if any, projects that have maxed out the FAR allowed to them. Look at Hassalo and 8th, any of the new developments in the Pearl or SoWa. Except for PAW, I can't think think of another example of FAR or height being maxed out. In fact, there's so much FAR already allowed, that most incentives are rarely used. Perhaps if the real estate values were as high as Seattle or SF, you might see more desire for pushing every extra square foot out of incentives, but we haven't reached anywhere near it.
The City did a report in 2007 regarding density bonus incentives and tranfer of density for the central city https://www.portlandoregon.gov/bps/article/177368. It found most of them aren't being used, except for the bonus floor area for providing residential floor area in their developments. |
Can't FAR be transferred to future properties? I'm not an expert on it, but I thought some of the Brooklyn area developments included FAR transfers as part of how they could be built?
Since the SE 17th corridor is being targeted for office over warehouse it might make sense to have incentives to build it.
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