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Oak Tower

Identification

Oak Tower
230162

Map

Structure in General

high-rise building
unbuilt [cancelled]

Usages

residential

Facts

  • The assessed value of the site was US $1,195,560 in 2004.
  • On October 26, 2005, Trammell Crow Residential wins approval for a condo tower.
  • PDC will provide one-quarter of a block free of charge to TCR; in return, TCR has agreed to sell a minimum of 15% of the total number of units at prices that do not exceed 95% of the Federal Housing Administration mortgage maximum for a single unit.
  • The property of the proposed building site has been largely vacant since 1984.
  • Oak Tower was the third concept since the Portland Development Commission (PDC) bought the quarter-block site in 2002.
  • In 2002, the site was purchased by PDC for 1,200,000.
  • Police Headquarters, West Wing Annex once occupied this site.
  • The proposed site building covers 10,000 square-feet or 1/4 block.

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More Information

Location

209 SW Oak Street, SW 3rd Avenue
Third and Oak
Downtown
Downtown
Portland
Oregon
U.S.A.

Technical Data

328.31 ft
26
2006
2008
$42,000,000

Involved Companies


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