01.15.07
Project 937
This little blurb from costar.com sheds some light on a future building in the neighborhood: 937. Yep, they're naming it after the address, 937 N.W. Glisan St. Guess that makes it simple. The 16-story building will host a mix of luxury condominiums and commercial space.
We're assuming this is the old Metropolitan Presort location that's been leveled over the past few months... looks like it will be complete in fall 2008. For those of us within the surrounding few blocks, that means at least a solid year of being awakened by construction noises at 7 a.m. sharp. Ugh.
The original article after the jump...
JV Secures $69M Financing for 937 Condominiums Project
W&K Development To Build 16-story, Mixed-Use Pearl District Development in Portland, OR
W&K Development LLC secured joint venture equity and financing for its luxury mixed-use residential condominium development in Portland, OR, to be named 937.
The project capitalization totals $68.8 million. The equity and financing were arranged by the San Diego and Portland offices of Holliday Fenoglio Fowler LP. Details could not be learned.
The new development will be in the Pearl District of Portland at 937 NW Glisan St., adjacent to the Portland Streetcar Line.
The 16-story project will include 114 condominium homes, 11,200 square feet of ground-floor commercial space and a two-level, 135-space underground parking garage. It's scheduled for completion in the fall of 2008.
Managing director Tim Wright and Associate Director Tom Wilson of HFF worked on behalf of W&K Development, led by Patrick H. Kessi and Geoff Wenker, to secure the project's financing.
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Comments (1)
As a resident of the Pearl I would suggest that 937 cease to pollute the sky with 9-3-7 ad infinitum in red lights every night on top of the crane. It's like the nine-year-old kid in the back of the class repeatedly popping his bubble gum for attention. We all know the building is going up and we know the address. I would expect more from a building seeking LEED rating. How about a little class?
Posted by kenneth Kuenster | September 30, 2007 11:20 AM