May 17, 2020 Comments Off on Sturgeon Advances $60M CLT Building on Portland’s Eastside Views: 857 Portland, Seattle & Pacific Northwest News, Top Seattle

Sturgeon Advances $60M CLT Building on Portland’s Eastside

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Portland-based Sturgeon Development Partners unveiled plans for Flatworks, an eight-story office project on Portland’s Central Eastside. The opportunity zone site on Southeast Grand Avenue, between Southeast Ash and Pine streets is envisioned to house a 130,000-square-foot cross-laminated timber (CLT) building that could cost nearly $60 million to build.

The speculative 100-foot-tall project will tap into the Pacific Northwest’s abundant list of manufacturers of CLT and related products scattered across the region’s small timber towns in Oregon, Washington and British Columbia. In addition to the office space, Flatworks is planned to include 16,000 feet of retail space.

Sturgeon Development’s Vanessa Sturgeon says, “I’m so thrilled to announce our latest construction project in Portland, which will give us the opportunity to be part of this thriving district. We are confident in Portland’s future to attract more businesses and talent to the region.”

Groundbreaking is slated later this year, with delivery scheduled for Q2 2022.

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