Quote:
Originally Posted by innovativethinking
Hopefully a skyline boom of 30+ stories begins. This article is yet further proof of the booming economy of Portland but yet we lack a really decent skyline boom. Although the hotel buildings rising is encouraging but we need more 30+ buildings.
All in all, great news for Portland. It's doing well latley.
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We will see more construction of office space and maybe more buildings like Pearl West....reasonably dense and reasonably affordable to build. The risk to the developer is managed by the relatively small size of the project.
There is little reason to imagine that we will see any or many new towers of 30 stories. These are costly to build, difficult to finance, high risk and maybe most important the booming the market isn't that interested in tall buildings. They are more focused in wealthy of life - hip and interesting neighborhoods, fun working environments...often loft like or industrial, and perks like free food. These types of employees aren't that interested in working on the 30th floor.