Park Avenue West Tower is a high-rise in downtown Portland, Oregon , United States . The 30-floor tower consists of commercial office space, ground floor retail, and apartments. It is the fourth tallest building in Portland behind the Wells Fargo Center , KOIN Center and the US Bancorp Tower . Developed by TMT Development and designed by TVA Architects. The building is taller than allowed by the zoning code at the time. A deal was made with the city for a variance in exchange for employing union workers—fulfillment is still under dispute.
9-554: Park Avenue West Tower was initially scheduled to be completed in 2010 and was being developed by TMT Development . The tower was to have a total of 33 floors and offer retail space, office space and 85 housing units. The housing component was later dropped from the plans. It was also to have a six floor underground garage with 325 parking spaces. The building gained the top four floors when developers agreed to add 1,650 square feet (153 m) of bike facilities (including public bicycle commuter showers, bike parking, and locker space) under
18-405: A 24-story office building in downtown Portland at 1000 Broadway , blocks from Pioneer Courthouse Square . The Hillman Group later sold its interest in the building to TMT Development. In 2000, the company completed Fox Tower , designed by TVA Architects and built by Hoffman Construction Company . In 2011, the family of the founder was engaged in a legal dispute over control when the founder
27-529: A final height of 502 feet (153 m). The tower opened in February 2016 and was 92% occupied. Shortly after opening, MetLife provided $ 130 million in permanent financing for the building. The 30 story tower is taller than permitted by statutes of the zoning code. In 2014, city officials and the developer negotiated a deal to let them build 30 stories in exchange for utilizing union cleaners and security guards. These union jobs however did not happen. In March 2019,
36-574: Is a real estate development company based in Portland, Oregon . It was founded in 1988 by Tom Moyer . The company owns and operates 8.5 million square feet of commercial real estate throughout Oregon and southwest Washington state. It is among the largest real estate companies in Portland. In 1988, the company was founded by Tom Moyer . In 1991, the company partnered with the Hillman Group to develop
45-450: The connected Director Park subsurface parking, gaining the tower a 40-to-1 bonus. Construction on the building was suddenly suspended in April 2009 Despite the suspension of construction, the developer was hopeful to get the building back on track by reducing the number of stories in the structure resulting from removal of the top ten floors which would have been condominium space. The building
54-562: The labor union SEIU Local 49 hung a banner from the 11th floor windows as part of their protest and they have done so by renting a two-bedroom short term rental for two days. In August 2018, The Oregonian identified more than 20 out of 202 units at the Park Avenue West were utilized as short term rentals without permit. In June 2019, the SEIU Local 49 filed a lawsuit for union jobs to be created. TMT Development TMT Development
63-403: The zoning code on building height, the building would utilize union janitors and security, however these union jobs were not fulfilled. In June 2019, Service Employees International Union Local 49 filed a lawsuit seeking to make this happen. A company by the name of Cornerstone Security had a contract to patrol Delta Park Center by TMT Development and it was asked to patrol the area leased to
72-702: Was about 50% leased, with Stoel Rives as the primary tenant (11 floors, 157,000 square feet), as well as a NikeTown store. The Park Avenue site was considered an eyesore as there was only a foundation and construction debris visible for 4 + 1 ⁄ 2 years, earning the nickname "Moyer's Ruins". TMT Development announced in December 2011 that work would resume in late 2013. Construction resumed in October 2013 after additional re-designs, with completion expected in early 2016. Plans called for 30 floors, with 15 of those housing 202 apartments. It topped out in February 2015 with
81-484: Was suffering from alzheimer's disease . The 30-story mixed-use Park Avenue West , located next to Director Park and the Fox Tower in downtown Portland, was completed in 2016. By May 2016, the office space had been leased. By August 2017, the residential portion was 90% leased. The building was taller than normally allowed by the building code, however TMT made a deal with the city that in exchange for exception from
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