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Remember these projects? They’re now kaput

By: Alex Jensen//September 21, 2023//

Taylor Street Apartments II, a planned seven-story mixed-use building in Goose Hollow, is on hold. The Portland Design Commission issued its approval in 2019. (Leeb Architects)

Remember these projects? They’re now kaput

Alex Jensen//September 21, 2023//

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At the onset of the COVID-19 pandemic, the Portland City Council, recognizing that real estate development had significantly slowed, enacted an emergency measure to extend expirations of land use approvals. The goal was to give developers more time to break ground on projects.

Developments approved from July 1, 2017, to Dec. 31, 2020, were afforded three additional years for teams to secure building permits. Now the cutoff date of Jan. 1, 2024, is rapidly approaching.

While several project teams have commenced construction, some face the risk of time running out. Others have placed projects on hold or permanently shelved them.

Here is a look at where seven noteworthy projects stand:

ON HOLD

Project: Taylor Street Apartments II

Address: 1500 S.W. Taylor St.

Architect: Leeb Architects

Owner: Shelter Holdings, a Bellevue, Washington-based developer

Taylor Street Apartments II, planned as a seven-story mixed-use building with 107 apartments, is on hold. This project is targeted for a 0.23-acre (roughly 15,000 square feet) lot at 1500 S.W. Taylor St., near Lincoln High School. The property is next to one formerly targeted for the nearly identical seven-story, 107-unit Taylor Street Apartments; its building permit has been abandoned, according to Portland Maps.

Shelter Holdings did not respond to requests for comment.

Clay + Tiffany Apartments, a 16-story student housing project in downtown Portland, has been canceled. (SERA Architects)

CANCELED
Project: Clay + Tiffany Apartments

Address: 1100 S.W. Clay St.

Architect: SERA Architects

Owner: College Housing Northwest

Plans for the quarter-block, 16-story student housing development known as Clay + Tiffany Apartments in downtown Portland are no longer proceeding. The project was intended to feature 259 units, four double-height kitchens, lounge spaces, and commercial space.

鈥淲e have chosen not to pursue this development due to a significant increase in construction costs, which made it impossible for us to offer below-market rental rates as part of our mission,鈥 stated Ryan Sturley, director of real estate and development at College Housing Northwest.

The property has been sold, Sturley added. Currently, it holds the Tiffany Apartments, a six-story brick apartment building constructed in 1909.

The 23-story, 250-foot-tall Hyatt Place & the Allison Residences project is on hold. (Otak Inc.)

ON HOLD

Project: Hyatt Place & the Allison Residences

Address: 350 N.W. 12th Ave.

Architect: Otak Inc.

Developer: Vibrant Cities

After a challenging land use approval process, Seattle multifamily developer Vibrant Cities has decided to put plans for a 23-story mixed-use tower on hold due to a tough financing climate.

The proposed Hyatt Place & the Allison Residences would ascend to 250 feet. It would have 12 floors of apartments (113 residential units) atop an 11-story hotel with 160 rooms. The property targeted is a quarter-block at the intersection of Northwest Flanders Street and 12th Avenue, which currently holds a parking lot.

North Richmond Apartments, a five-story market-rate apartment building project in the Cathedral Park neighborhood, has been canceled. (SERA Architects)

CANCELED

Project: North Richmond Apartments

Address: 6620 N. Richmond Ave.

Architect: SERA Architects

Owner: North Crawford Partners LLC

The plan to construct a five-story market-rate apartment building in the Cathedral Park neighborhood is no longer progressing, stated Kurt Schultz, principal at SERA Architects. The proposed building was designed to be approximately 52 feet in height, with around 96 residential units, ground-floor common areas, and approximately 46 below-grade parking spaces.

North Crawford Partners LLC did not respond to requests for comment.

Phase two of a Lloyd development that would have included three five-to-seven-story buildings and approximately 546 residential units is no longer moving forward. (Holst Architecture)

CANCELED
Project:
Lloyd development

Address: 1510 N.E. Multnomah St. and vicinity

Architect: Holst Architecture

Owner: Capref Lloyd Center LLC

Phase two of a development in the Lloyd District called for construction of three buildings, each ranging from five to seven stories, with a total of approximately 546 residential units. This phase also included approximately 19,530 square feet of retail space. Additionally, it featured two public urban plazas and redevelopment of the property on the south side of Multnomah Street near the Regal Lloyd Center theater complex.

The development is no longer active, Holst Architecture principal Dave Otte stated. Capref Lloyd Center LLC did not respond to requests for comment.

Plans for Oregon Square, a massive superblock development in the Lloyd District, are no longer moving forward. (GBD Architects)

CANCELED

Project: Oregon Square (Blocks 90 & 103)

Address: 729 & 827 N.E. Oregon St.

Architect: GBD Architects

Owner: American Assets Trust

American Assets Trust has decided not to proceed with plans for Oregon Square 鈥 a substantial superblock development designed for the Lloyd District. Blocks 90 and 103 were intended to hold a five-story building and a six-story building, with a shared below-grade parking garage able to accommodate up to 246 vehicles. The project is 鈥渙n hold indefinitely,鈥 according to GBD Architects principal Kyle Andersen.

American Assets Trust did not respond to requests for comment.

Pearl East, a six-story office building project designed for property at the corner of Northwest 13th Avenue and Glisan Street, is no longer advancing. (Mackenzie)

CANCELED
Project: Pearl East

Address: 520 N.W. 13th Ave.

Architect: Mackenzie

Developer: Specht Development

Owner: The Pearl Building LLC

Development plans for a six-story office building on the corner of Northwest 13th Avenue and Glisan Street, which currently houses a parking lot, have been canceled. The project, led by Specht Development for The Pearl Building LLC, originally included rooftop amenities and an underground parking garage for 45 vehicles.

The owners reevaluated their need for additional office space and decided not to proceed with the project, Specht Development Vice President Brent Hedberg explained. The land use approval will be allowed to expire, and as far as Specht Development knows, there are no other development plans for the site, he added.

The Pearl Building LLC is registered to Roxy Rapp, a real estate developer based in Palo Alto, California. Rapp did not respond to requests for comment.



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