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March 28, 2024
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PACIFIC NORTHWEST NEWS
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Alamo Manhattan Teams with Diamond Realty Investments for $47 Mil Joint Venture Equity in Portland CBD Res Development

5/17/18

HFF arranged $47.37 mil in joint venture equity for the development of 100 Columbia, a 347-unit, Class A+ high-rise multi-housing community in the Portland CBD. Working on behalf of developer, Alamo Manhattan, the HFF team arranged a joint venture equity partnership with Diamond Realty Investments.

Image: GBD Architects
Image: GBD Architects
100 Columbia is located on a 0.92-acre site that spans the block bound by SW Clay St, SW 1st Ave, SW Columbia St and SW 2nd Ave. The site, which has a WalkScore® of 93, will support what will be the nearest high-rise residential building to the Willamette River in the CBD. The site is also one block from Tom McCall Waterfront Park to the east and Keller Auditorium to the west, and is within three blocks of the CBD’s core job center that is home to more than two million square feet of high-rise office.

Due for completion in 2020, 100 Columbia will include a mix of studio, one- and two-bedroom ultra-luxury units averaging 801 sf in size. The 20-story development will feature premium interior finishes and community amenities, including an expansive 15k sf, sixth-floor amenity terrace and a 20th-floor rooftop resident lounge, which will open onto an observation deck offering unobstructed views of the downtown skyline, Mount Hood and the river.

The property will also include a 16th floor rooftop terrace. In addition to the multifamily component, 100 Columbia will incorporate nearly 15k sf of ground-floor retail, which will provide immediate convenience for residents and office employees in the surrounding area.

HFF’s Ira Virden, Mark Erland and Matt Benson arranged the deal.





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