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Central City Living
Downtown Residential Projects Satisfy Every Taste, Budget
Eliot Tower is located in Portland’s bustling Cultural District.
Downtown is one of Portland’s most vibrant neighborhoods, and developers are meeting demand with a variety of condominium projects to satisfy every taste and budget.
“The market is healthy, and demand is very strong for downtown living,” says Kelly Saito, managing principal with Gerding Edlen Development, developer of the Cyan/PDX condominiums. “People want to live near to where they work and play.”
Examples of downtown’s strong residential market include Eliot Tower, 223 upscale condominiums in Portland’s Cultural District, as well as the latest offerings in Williams & Dame Development’s Harrison condominiums in the heart of downtown.
Boundless opportunities for entertainment, shopping and dining make the central city an incredibly attractive place to live, says Vanessa Sturgeon, president of TMT Development. TMT is offering 82 luxury condominiums in Park Avenue West, the 33-story mixed-use office building the company is developing at Park Block 4 in the heart of Portland’s downtown central business district.
“Downtown is safe at night. There is 24-hour activity,” she says. “It’s fun to live and work in an area where there is a 24-hour lifestyle.”
Cyan/PDX and Park Avenue West illustrate the wide range of choices available in downtown living.
With dramatic views of the surrounding area, the large luxury condominiums located at the top of Park Avenue West will offer an average of 1,200 square feet and will appeal to baby boomers who are selling homes in the suburbs and simplifying their lives, Sturgeon says.
“This is a very upscale development. It’s all about convenience,” she adds. “Baby boomers are aging and don’t want to keep up with a house and a yard.”
Cyan/PDX, at 1700 S.W. Fourth Ave., offers 350 well-designed, smaller living spaces that appeal to buyers who want a home close to where they work that is affordable and environmentally and socially responsible, Saito says.
“It will appeal to university students and to faculty, young singles and young couples who are interested in convenient, easier living,” he says. “No yard, no maintenance worries.”
In addition to convenience and affordability, Cyan/PDX is designed to be eco-friendly and consume less energy than typical buildings. It also will feature another popular amenity – generous bicycle parking and storage.
“Portland’s urban core has for decades been very active, very alive, and is an attractive place to live,” Saito says.
Story by Bill Lewis
Photo by Wes Aldridge
