Posted Jun 2, 2026, 9:02 PM
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Moderator
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Join Date: Jan 2009
Location: Portland
Posts: 8,084
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Quote:
PSU taps Portland development firm for hotel, conference center development
A local development firm has officially signed on to develop a hotel and conference room as part of Portland State University's larger strategy to bring a Broadway-capable theater to downtown Portland.
The university announced Tuesday it has entered exclusive negotiations with Portland-based Colas Development Group. The firm is a partnership between the family-owned construction company Colas Construction and real estate investment and a development firm led by Ndamukong Suh's HMS Developments.
The negotiating agreement with Colas Development Group includes plans to develop a 150-key hotel and conference center at the south end of downtown Portland.
It will complement the planned multi-use Performing Arts + Culture Center development the university has been planning over the last few years. PSU will be the overall developer of the complex.
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...continues at the Portland Business Journal.
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