HFF announces $96.5 million in financing for multi-housing development in Portland, OR

                                                                   Rendering by GBD Architects
Planned 100 Columbia Apartments, Portland, OR

NEWPORT BEACH, CA – January 7, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $96.5 million in financing for the development of 100 Columbia, a 348-unit, Class A+ high-rise multi-housing community in the Portland CBD.

Mark Erland

The HFF team worked on behalf of the developer, Alamo Manhattan, to secure the four-year construction loan through PCCP, LLC.  

As previously announced, HFF also assisted Alamo Manhattan in securing joint venture equity for the project in a transaction closed in May 2018.

100 Columbia is located on a 0.92-acre site that spans the block bound by SW Clay Street, SW 1^st Avenue, SW Columbia Street and SW 2^ndAvenue.  

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.

Matt Benson

Due for completion in 2020, 100 Columbia will include a mix of studio, one- and two-bedroom ultra-luxury units averaging 817 square feet. 

 The 20-story development will feature premium interior finishes and community amenities, including an expansive 15,000-square-foot, 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 16^th floor rooftop terrace.  In addition to the multi-housing component, 100 Columbia will incorporate nearly 15,000 square feet of ground-floor retail, which will provide immediate convenience for residents and office employees in the surrounding area.

The HFF debt placement team representing the developer included senior director Mark Erland and director Matt Benson along with director Charlie Watson.

Charlie Watson

Alamo Manhattan is a Dallas-based real estate firm primarily focused on developing best-in-class, mixed-use multifamily assets in core urban markets.  

The firm was founded in 2010 to pursue new development opportunities in core urban markets.  

Alamo Manhattan currently focuses on urban markets in Texas and the West Coast, and has completed, or has under construction, approximately $465 million in development projects located in Dallas, San Antonio, Seattle and Portland.  The firm has a robust pipeline of future projects on sites that it either owns or controls, totaling over $225 million.  

CONTACTS:

MARK ERLAND

HFF Senior Director

(949) 253-8800

merland@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

 www.pccpllc.com.
http://www.alamomanhattan.com/.