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December 05, 2018

Downtown Portland High-Rise Opens Doors

Commercial Property Executive

Laura Calugar

The 19-story Broadway Tower in the city's central business district is now complete. Apart from office space, the property also includes a Radisson Red hotel.

Developer BPM Real Estate Group has completed work on Broadway Tower, a 19-story building in Portland, Ore., according to Yardi Matrix data. Howard S. Wright, a Balfour Beatty company, was the contractor, while GBD Architects designed the $158 million project.

Located at 1455 S.W. Broadway St., the mixed-use tower is in the city's central business district, within walking distance of some of Portland's best restaurants, shops and art galleries as well as South Park Blocks and Portland State University. Several streetcar and light rail stops are located within two blocks of the site.

A 180-key Radisson Red hotel occupies the building's first eight floors. Atop, 11 floors of Class A office space were built. According to Portland Business Journal, several tenants had signed leases for 94 percent of the tower's office space as of mid-October. Amazon, Lawyers Title and law firm Markowitz Herbold are three of the building's tenants.

Roughly 2,200 square feet were set aside as ground-floor retail space. The 260-foot-tall building includes 247 parking spaces on four underground parking levels. Construction of the tower began in June 2016. Kidder Mathews serves as leasing agent.

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