100 Columbia Portland Oregon

January 8, 2019 Comments Off on PDX Multi-Housing Development Secures $97M in Financing Views: 2418 National News, Oregon, Portland, Seattle & Pacific Northwest News, West

PDX Multi-Housing Development Secures $97M in Financing

HFF arranged $96.5 million in financing for the development of 100 Columbia, a 348-unit, Class A+ high-rise multi-housing community in Portland, OR’s CBD. The developer, Dallas-based Alamo Manhattan, secured the four-year construction loan through PCCP, LLC.

100 Columbia is located on a 0.92-acre site that spans the block bound by SW Clay Street, SW 1st Avenue, SW Columbia Street and SW 2nd Avenue. Due for completion in 2020, the development will include a mix of studio, one and two-bedroom ultra-luxury units. The 20-story project will feature high-end finishes and such amenities as an expansive 15,000-square-foot, sixth-floor amenity terrace and a 20th-floor rooftop resident lounge. The property will also include a 16th floor terrace, and will incorporate nearly 15,000 square feet of ground-floor retail.

HFF’s Mark Erland, Matt Benson and Charlie Watson represented the developer. Last May, HFF also assisted Alamo Manhattan in securing joint venture equity for the project.

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