Park Avenue West Tower

at 750 SW Park Ave, Portland , 97205 United States

1. Local Business

Description

Park Avenue West Tower is a 502ft skyscraper in downtown Portland, Oregon, United States. It is the fourth tallest building in Portland behind the Wells Fargo Center, KOIN Center, and the US Bancorp Tower. Developed by TMT Development and designed by TVA Architects, the tower consists of commercial office space, ground floor retail, and apartments.HistoryPark Avenue West Tower was initially scheduled to be completed in 2010 and is being developed by Tom Moyer's TMT Development. The tower was to have a total of 33 floors and offer retail space, office space and 85 housing units. The housing component has since been dropped from the plans (see below). It was also to have a six floor underground garage with 325 parking spaces. The building gained the top four floors when developers agreed to add 1650sqft of bike facilities (including public bicycle commuter showers, bike parking, and locker space) under the connected Director Park subsurface parking, gaining the tower a 40-to-1 bonus.Construction on the building was halted in April 2009. Despite the halt in construction, the developer was hopeful to get the building back on track by reducing the number of stories in the structure resulting from removal of the top ten stories which would have been condominium space. The building was about 50% leased, with Stoel Rives as the primary tenant (11 floors, 157,000 square feet), as well as a NikeTown store. Commentators noted the similarity of the work on the building being halted by the 2008 financial crisis and the Portland Hotel being halted by the Panic of 1884, which caused the hotel to be nicknamed "Villard's Ruins" for developer Henry Villard. The Park Avenue site was considered an eyesore as it sat with only the foundation completed for more than 4 years; it was nicknamed "Moyer's Ruins".

Company Rating

5 FB users likes Park Avenue West Tower, set it to 805 position in Likes Rating for Portland, Oregon in Local Business category

Summary

Park Avenue West Tower is Portland based place and this enity listed in Local Business category. Located at 750 SW Park Ave OR 97205. Contact phone number of Park Avenue West Tower: (360) 737-6790