Watermark at the Pearl (formerly Holden of Pearl) | 202' | 16 floors | U/C

maccoinnich · #1 Posted **Sep 1, 2018, 11:34 PM**

via PortlandMaps, I see that there's a Pre-Application Conference scheduled for Hoyt Street Properties' Block 23:

Quote:

Proposed project is a senior living community with 110 units of R-2 occupancy independent senior living, 131 parking stalls in below grade parking with total GSF of 296,500 with 42,000 of that amount being below-grade parking.Active uses will be provided along 13th Avenue per 33.510.225. those may be lobby, bistro, admin offices, salon or other similar uses complimentary to the community and to development objectives stated for 13th Ave.

AdamUrbanist · #2 Posted **Sep 2, 2018, 12:41 AM**

Is it just me or are they really under building that site? 110 units sounds like a four story building. ...or are the only building on a half or quarter block?

maccoinnich · #3 Posted **Sep 2, 2018, 12:46 AM**

254,500 sq ft above grade is a lot more than a four story building. The unit count does seem low. Maybe they're really large units?

AdamUrbanist · #4 Posted **Sep 2, 2018, 1:07 AM**

I guess that’s possible. 254,000 SF minus about 35,000 SF of non-residential space at the ground floor times roughly 85% efficiency for the floors above divided by 110 units comes out to an average of 1,700 SF per unit. That’s way above the norm, but maybe they’re targeting the ultra-luxury market.

maccoinnich · #5 Posted **Sep 4, 2018, 6:33 PM**

The applicant listed for this is Alliance Realty Partners

maccoinnich · #6 Posted **Sep 11, 2018, 1:40 AM**

Notice of a Pre-Application Conference

Leo · #7 Posted **Sep 12, 2018, 5:27 PM**

Quote:

Originally Posted by maccoinnich

The buidling would have 110 units for independent living and a total of 108 living areas for assisted living and memory care.

Well, that solves the mystery. Total number of units is 218, plus care facilities ...

maccoinnich · #8 Posted **Sep 12, 2018, 7:00 PM**

Quote:

Originally Posted by Leo

Well, that solves the mystery. Total number of units is 218, plus care facilities ...

Makes a lot more sense!

maccoinnich · #9 Posted **Nov 15, 2018, 8:42 PM**

This is on the Design Commission agenda for a DAR on Dec 13th. It's called "Holden of Pearl". Holden seems to be a brand that Alliance are using in multiple cities.

maccoinnich · #10 Posted **Dec 7, 2018, 8:28 PM**

Drawings [10 MB] and Memo to the Design Commission

maccoinnich · #11 Posted **Feb 5, 2019, 1:45 AM**

2nd Memo to the Design Commission.

maccoinnich · #12 Posted **Feb 7, 2019, 7:25 AM**

DAR #2 Drawings [122 MB]

MarkDaMan · #13 Posted **Feb 7, 2019, 4:23 PM**

^Some interesting early insight into block 245 in there as well.

maccoinnich · #14 Posted **Feb 7, 2019, 8:06 PM**

Quote:

Originally Posted by MarkDaMan

^Some interesting early insight into block 245 in there as well.

Yes, although I think it's mostly an exercise in "what would likely happen under the zoning" rather than an indication that development on that lot is necessarily imminent.

MarkDaMan · #15 Posted **Feb 7, 2019, 9:34 PM**

Quote:

Originally Posted by maccoinnich

Yes, although I think it's mostly an exercise in "what would likely happen under the zoning" rather than an indication that development on that lot is necessarily imminent.

Agreed. I do find it interesting that block 245 is zoned to allow 410' but on page 21 they indicate the tower on that block to be 24 floors. Even if it's 24 floors on top of a 4 floor podium, a residential tower with 28 floors wouldn't generally make it to 410'. For example the Cosmo is 28 floors and ~340'. So I think it's reflecting some early thought on their part, if veeery early in the process.

Or it could be nothing at all, trying to read the tea leaves here.

pdxsg34 · #16 Posted **Feb 8, 2019, 5:20 PM**

Quote:

Originally Posted by MarkDaMan

Agreed. I do find it interesting that block 245 is zoned to allow 410' but on page 21 they indicate the tower on that block to be 24 floors. Even if it's 24 floors on top of a 4 floor podium, a residential tower with 28 floors wouldn't generally make it to 410'. For example the Cosmo is 28 floors and ~340'. So I think it's reflecting some early thought on their part, if veeery early in the process.

Or it could be nothing at all, trying to read the tea leaves here.

I vaguely recall HSP saying new developments after the Vista would not be apartments due to the IZ rules coming into affect last year, but could be mistaken. Any insights out there on HSP's intentions?

MarkDaMan · #17 Posted **Feb 8, 2019, 11:43 PM**

Quote:

Originally Posted by pdxsg34

I vaguely recall HSP saying new developments after the Vista would not be apartments due to the IZ rules coming into affect last year, but could be mistaken. Any insights out there on HSP's intentions?

Could have been bluster but it's no secret the apartment market is cooling off on top of the IZ rules.

Anybody hear how the sales at Vista Condos are going?

2oh1 · #18 Posted **Feb 9, 2019, 12:16 AM**

Quote:

Originally Posted by MarkDaMan

Anybody hear how the sales at Vista Condos are going?

Out of 143 units, it looks like only 21 are still available, 18 of which are priced well over half a million. In fact, 15 of them are priced between $870,000 and 3.3 million. The location is great, if one wants to be on the far north end of the Pearl, but the building itself doesn't look like the kind of place that could fetch those prices... and yet... they are.

maccoinnich · #19 Posted **Apr 30, 2019, 12:34 AM**

Holden of Pearl has been submitted for Design Review.

M Kass · #20 Posted **Apr 30, 2019, 5:39 AM**

Quote:

Originally Posted by maccoinnich

Holden of Pearl has been submitted for Design Review.

This building would be so much cooler if it was named, wait for it...
'Clutchln' of Pearl'..