Eleven West | 291' | 24 floors | Complete - Page 5

Derek · #81 Posted **Jul 30, 2019, 3:24 AM**

Quote:

Originally Posted by pdxsg34

From DJC's recent article about Opportunity Zones...

....so is this a yes or no? I'm a social worker, I don't understand any of these words.

pdxsg34 · #82 Posted **Jul 30, 2019, 2:32 PM**

Quote:

Originally Posted by Derek

....so is this a yes or no? I'm a social worker, I don't understand any of these words.

In short, No. The project design has already been approved but they've yet to apply for permitting. Currently, it appears they are trying to align financing before getting the project off the ground. Lastly, since the project design was approved prior to the affordable housing mandate came into effect (20% of units affordable), they can avoid the mandate, which provides incentive for this to get off the ground sooner rather than later.

tworivers · #83 Posted **Jul 30, 2019, 9:58 PM**

Quote:

Originally Posted by pdxsg34

Lastly, since the project design was approved prior to the affordable housing mandate came into effect (20% of units affordable), they can avoid the mandate, which provides incentive for this to get off the ground sooner rather than later.

How long are projects that were approved prior to IZ vested?

maccoinnich · #84 Posted **Jul 30, 2019, 10:06 PM**

Quote:

Originally Posted by tworivers

How long are projects that were approved prior to IZ vested?

Three years from the date of the design review decision. In this case they have until October 19, 2020 to break ground.

There's also a new building code coming into effect in October of this year. From October to December projects have the option being submitted under the current code or the new code. In January it becomes mandatory to use the new code. I don't know much about it, but know there are some changes to related to seismic design for high rises in the new code. If they're going to build the project they'll probably submit at least a foundation package prior to the end of the year.

RED_PDXer · #85 Posted **Jul 31, 2019, 11:05 PM**

Quote:

Originally Posted by maccoinnich

Three years from the date of the design review decision. In this case they have until October 19, 2020 to break ground.

I dont' see how anyone can expect to get a building permit issued in less than three months from now, unless they try to go with a foundation only permit?

WestCoast · #86 Posted **Aug 1, 2019, 11:47 AM**

Quote:

Originally Posted by red_pdxer

i dont' see how anyone can expect to get a building permit issued in less than three months from now, unless they try to go with a foundation only permit?

2020

CouvScott · #87 Posted **Aug 7, 2019, 10:38 PM**

Derek · #88 Posted **Aug 9, 2019, 3:04 AM**

Quote:

Originally Posted by pdxsg34

In short, No. The project design has already been approved but they've yet to apply for permitting. Currently, it appears they are trying to align financing before getting the project off the ground. Lastly, since the project design was approved prior to the affordable housing mandate came into effect (20% of units affordable), they can avoid the mandate, which provides incentive for this to get off the ground sooner rather than later.

Thank you, this actually makes a ton of sense when you break it down like that.

pdxsg34 · #89 Posted **Sep 17, 2019, 9:08 PM**

Excavation and shoring permit now under review

ORNative · #90 Posted **Sep 17, 2019, 10:53 PM**

Looking forward to this building. The West End has sure picked up steam with this and the several hotels around the food cart block. The skyline from Pittock with Mt. Hood in horizon will be much more filled in with this and Block 216. US Bank Tower has stood all alone for too long on the north end.

MarkDaMan · #91 Posted **Nov 12, 2019, 11:35 PM**

https://www.bizjournals.com/portland/new...Qm0zVGtWWTdYSGMzRjZuK3l5RHU0dzJGRGs0eSJ9

Quote:

Planned 24-story downtown building nets investment from Opportunity Zone fund
By Christopher Bjorke – Digital Producer/Associate Editor, Portland Business Journal
26 minutes ago

A $325 million fund has announced an investment in an opportunity zone project in downtown Portland.

Cresset Capital chose the Eleven West project, planned for 1116 S.W. Washington St., as one of three projects it will fund, according a news release Tuesday.

...(continues)

marlonwarren · #92 Posted **Nov 15, 2019, 4:56 PM**

Thanks for the update. I am so glad they have found founding before a major downturn in the economy . . . . same with Block 216 down the street. Sounds like out of state investors still have faith in the Portland real estate market . . . .

tworivers · #93 Posted **Jan 14, 2020, 11:19 PM**

Interestingly, I was driving by this site last week and it appeared that a contractor was busy freshly bricking up all the windows on the existing adjacent building (the one with the mural). Don't know if that means construction is imminent but sure looks like they're serious about it...

pdxsg34 · #94 Posted **Jan 15, 2020, 2:23 AM**

Quote:

Originally Posted by tworivers

Interestingly, I was driving by this site last week and it appeared that a contractor was busy freshly bricking up all the windows on the existing adjacent building (the one with the mural). Don't know if that means construction is imminent but sure looks like they're serious about it...

A shoring encroachment application was recently posted

AdamNorthwest · #95 Posted **Feb 20, 2020, 8:38 PM**

Site is fenced off!

pdxtraveler · #96 Posted **Feb 21, 2020, 12:58 AM**

Quote:

Originally Posted by AdamNorthwest

Site is fenced off!

Wow! Everytime I think this one is dead it pops up again! The West End skyline with this and the Ritz is going to be so changed!

maccoinnich · #97 Posted **Feb 24, 2020, 7:46 PM**

Excavation and shoring permit was issued last week.

MarkDaMan · #98 Posted **Feb 24, 2020, 8:02 PM**

nxnw · #99 Posted **Jun 4, 2020, 9:21 PM**

Taken today:

ORNative · #**100** Posted **Jun 5, 2020, 6:58 PM**

Wow - Thanks for the photo. I had no idea the project broke ground already. The view from Pittock Mansion in 2025 will be much different than it was in 2015. The dead zone between the Fox Tower and US Bank Tower will be filled in by Park Avenue West at 460', The Ritz Carlton (Block 216) at 460' and Eleven West at 290'.