NorthMarq Capital Funds $27 Million Portland Waterfront High-rise
NorthMarq Capital recently provided financing of almost $27 million for Alexan South Waterfront, a 294-Unit, 22-story high-rise apartment community located in Portland, Oregon. Completion is scheduled for March of 2009. The building will be 35% more energy efficient and will use 40% less water than a comparable non-green building.
Article Tools
Latest News
Most Popular Articles
Issue Archive
advertisement
Alexan South Waterfront is located in the heart of Portland’s new South Waterfront District where mixed-use, transit-oriented projects are rising from what was an abandoned industrial area just south of Portland’s downtown. The property is just blocks away from the new state-of-the-art Portland Aerial Tram that connects the district to the hilltop campus of Oregon Health and Sciences University. The building also is served by Portland Streetcar and local bus lines.
The developers of Alexan South Waterfront originally targeted LEED silver certification, but as development progresses, they were able to raise the bar to reach LEED gold, which they expected to achieve in the summer of 2009. The high-rise project will be Trammell Crow Residential’s first LEED-certified building, however, the company has several other LEED projects currently under construction and in the pipeline nationally.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2009 Penton Media Inc.
Research & Special Reports
Highlights
Best of the Best
Green Building
ASHA 2008
advertisement
Nrei Interactive Products
-
Green Shoots
Commercial Real Estate's Green Building Blog
Get latest news, data and analysis of the rapidly evolving commercial real estate green building industry. Gain insight on green leases, valuations, financing, and government regulations and incentives for new and existing buildings.
Green Shoots Blog -
The Alter Group
Larry Armstrong on Architecture in a Recession
Larry Armstrong, President, Ware Malcomb, an international architecture firm, says that in times of recession, survival is dependant on having a strong strategic plan in place and creating functional work vs. extravagent projects to meet clients' needs...
-
The Alter Group
Charles Krawitz on the Credit Crisis
Charles Krawitz, Senior Loan Sales Asset Manager of Fifth Third Bank, discusses the current state of the small to medium sized loan and the general capital markets. Topics include tapping Freddie and Fannie loans, and the government expanding their credit facility via the SBA.
Full text article for this podcast -
White Paper
2009 Real Estate Investment Outlook
National Real Estate Investor and Marcus Millichap
2009 Real Estate Investment Outlook... 
On-Demand Webinar
Reinventing Space
This Webcast looks at tips for how empty space can be used in a way that generates foot traffic and cash flow. We explore strategies and incorporate real-life examples of what some creative owners and retailers have done to weather the weak retail environment and keep dark space from harming healthy retailers that are operating.
Marketplace Ads
advertisement
advertisement
advertisement
advertisement
