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These days in Portland, buildings are popping up everywhere.

For example, in the Central Eastside, at the junction of Southeast Stark Street and Water Avenue, a 10-story mixed-use building is being squeezed into an industrial space mere feet away from Interstate 5 to the west and Union Pacific railroad tracks to the east.

鈥淵ou can see the close proximity of the building to the freeway,鈥� Hoffman Construction Superintendent Mark Rado said during a walk around the site last week, pointing out how close workers were to passing vehicles. 鈥淭he building itself is a little further away, but because we need a work deck, we’re even closer; you can see that Aluma deck there. That one is probably about 10 feet away, and that one up there is probably 15.鈥�

The started as an innovative parking solution, but evolved into one of the few Central Eastside work-space buildings to be constructed from the ground up. The building, known as 鈥�,鈥� will hold approximately 70,000 square feet of office space and 265 parking spaces for motor vehicles. Secured bike parking and a fitness center with locker rooms also will be included.

Works Progress Architecture to stand out among the vintage industrial shells that dominate the immediate vicinity. Floor-to-ceiling glass windows will provide occupants views of the city. As the structure rises, portions of the fa莽ade will 鈥渆rode鈥� back toward the core, and the top will feature several shared terraces. The bottom six stories will be devoted to public parking.

鈥淲e think there’s tremendous demand in the neighborhood for parking,鈥� Harsch Investment Properties Senior Vice President and Regional Manager Steve Roselli said. 鈥淚t has the added bonus of getting you above the freeway and the railroad noise. It gets you up there to where you’re in a world of your own.鈥�

The building will feature six stories of post-tensioned concrete topped with four stories of structural steel with slab-on-metal decks. Crews are about six weeks away from finishing structural concrete work, Rado said.

鈥淲e start structural steel after Thanksgiving,鈥� he said. 鈥淭oday we’re loading our PT deck number six, and we have three more decks to pour, but right now we’re loading rebar and PT on the deck and getting ready to pour next week.鈥�

The development is not necessarily a new direction for Harsch Investment Properties, Roselli said, but rather a reflection of earlier property investments made in Portland’s inner east side.

鈥淲e’re a pretty active developer in markets where we can find land for our light industrial products, but there are no industrial sites left up here,鈥� he said. 鈥淪o, we’re a very active developer in Las Vegas and Sacramento and now starting in Tucson. It just happens that in Portland, where we’re based, we have a lot of downtown blocks that are or will be redevelopments as the market dictates.鈥�

Harsch Investment Properties purchased the 7 Southeast Stark site five years ago when it was a surface parking lot. Then it six months ago purchased the site to the east with the intention of either redeveloping the existing warehouse or replacing it with something new.

鈥淲e have quite a few sites around town in Portland that are redevelopment sites that could certainly sustain much higher and better uses,鈥� Roselli said. 鈥淪everal of these blocks that we bought on the east side qualify.鈥�

Nearby, Harsch Investment Properties has its eyes on 151 S.E. Alder St. The firm was working with Works Progress Architecture on a potential 10-story mixed-use building there; however, plans were put on hold, Roselli said.

鈥淭his one went first; it made more sense because we could do more parking,鈥� he said in reference to 7 Southeast Stark. 鈥淭hat one, being a corner block, it’s more limited and we’ll hold for now.鈥�

Substantial completion of the project, Roselli said, is expected by June 2019. , with JLL agent Jake Lancaster handling inquiries.