January 8, 2019
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.
For comments, questions or concerns, please contact Dennis Kaiser