Originally Posted by maccoinnich
Press release I received:
Quote:
MIXED-USE PROJECT WITH 24-STORY APARTMENT BUILDING AND THREE-STORY COMMERCIAL OFFICE RISES IN PORTLAND’S GOOSE HOLLOW NEIGHBORHOOD
Developed by Security Properties and Urban Renaissance Group, the Second Phase of the Press Blocks Development Takes Up an Entire City Block and Will Deliver 341 Market-Rate Apartment Units
PORTLAND, OR – Oct. 18, 2022 – The second, larger phase of the Press Blocks development in Portland’s Goose Hollow neighborhood has been fully capitalized and construction has started, according to John Marasco, Chief Development Officer with Security Properties (“SP”), the co-developer of the project along with Urban Renaissance Group (URG).
“As Downtown Portland, the Pearl District, Northwest, and Slabtown have developed rapidly, Goose Hollow has lagged slightly behind until now, Marasco said. “The Press Blocks will bring not only much-needed rental housing to the area but also provide an anchor for Portland’s next great neighborhood, replacing the massive concrete print facility that has dominated the area since the ’50s.”
Designed by Mithun and taking up an entire city block in two structures, the second phase of the Press Blocks comprises a 24-story high-rise that will deliver 341 apartments, and a three-story commercial building that includes retail, live-work units, and creative office for a total of more than 30,000 square feet of commercial space. The development will offer extensive rooftop amenities including a hot and cold water plunge, as well as subterranean parking for 473 cars and secured bike storage. A publicly accessible mid-block connector and plaza at the corner of S.W. 17th Avenue and S.W. Taylor Street will invite the public into the heart of the development and create a sunny southwest facing open space for the enjoyment of the Goose Hollow community.
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About Takenaka Corporation
Takenaka Corporation is among Japan's oldest and largest architect, engineering and construction companies with a long history rich in tradition that spans over 400 years and includes creating many of Japan's most prominent architectural landmarks. Since 1960, Takenaka has established twenty-five offices in many foreign countries and over the years has been the recipient of many design, technique, and quality awards. With annual sales in excess of $10 billion and a track record of acquiring and owning prime properties in various international locations, the group’s existing portfolio includes office buildings and hotels in London, New York, Kauai, Seattle, and San Francisco.
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