Posted Sep 18, 2025, 4:28 PM
|
|
Moderator
|
|
Join Date: Jan 2009
Location: Portland
Posts: 8,100
|
|
Same site, client, and architect (but a new program):
Quote:
Originally Posted by maccoinnich
Quote:
Market shift spurs developer’s ‘very necessary pivot’
Urban developers have struggled to pull off office-to-residential conversion projects in the face of steep costs for reworking existing buildings.
Sturgeon Development Partners had one advantage: Flatworks, a proposed 120,000-square-foot office building, existed only in architectural drawings.
Vanessa Sturgeon, CEO of the Portland-based company, has yielded to an unforgiving market for office space and redesigned plans for its proposed eight-story development in the Central Eastside. Instead, the building at 234 S.E. Grand Ave. will hold 143 apartments, all of which will be rent-restricted affordable units.
|
...continues at the DJC ($) |
|
Threaded Mode