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Another high-rise could be in store for the Pearl District.

TVA Architects has requested a pre-application conference, now scheduled for March 9, with the Portland Bureau of Development Services for a possible 23-story tower with 337 housing units and approximately 3,300 square feet of retail space. The proposal for 514 N.W. Ninth Ave. also calls for three stories of underground parking with 192 stalls.

The site sits across Northwest Hoyt Street from the 14-acre ex-U.S. Postal Service property, where Broadway Corridor is in the works. The tower project’s owner, Eran Fields of Fields Holdings of Los Angeles, said he hopes it will be a catalyst for Broadway Corridor development.

Plans call for demolishing half of the historic Bindery Building and the entire Metro Building. The tower would then rise on the block’s western half 鈥� looking onto the Broadway Corridor side.

The building would include market-rate and inclusionary housing units. There would be two amenity spaces 鈥� on the roof and the second floor 鈥� that would include terraces, a pool deck, a fitness center, meeting rooms, a lounge and a theater room.

Also, a two-story basketball court is proposed. The developer previously included half of a basketball court in The M 鈥� a 24-story tower near the University of Washington in Seattle. Another indoor basketball court will be in Fields’ new 12-story, 260-apartment building in Eugene; crews are set to break ground this fall.

Currently, the Pearl District tower’s design includes a simple but elegant exterior.

鈥�(I am a) believer in a clean, elegant building that will stand the test of time,鈥� Fields said.

The tower would share a property line with the site’s existing buildings at the ground floor and then be set back as it rises. This would preserve the existing buildings’ identities and allow for better views within the tower, Fields said.

It is Fields Holdings’ first project with a design by TVA Architects. It was the first firm Fields approached for the project, he said, and 鈥渢hat was it.鈥�

The project team hopes to break ground in the third quarter of 2023 and finish within 26 months, Fields said. The project could potentially be completed in spring 2025.