Waterfront Pearl

Spanning 500 feet of Willamette riverfront between the Pearl District and downtown, Waterfront Pearl will include two metal, stone and glass towers in Phase I, which was recently approved by the city. Construction will begin later this month.

Waterfront Pearl will include a two-story fitness center with a lap pool, conference room and landscaped public plaza with an extensive water feature.

Developer: Naito Properties and Pemcor Investment Corp.

Web site: www.waterfrontpearl.com

Number of units: 200 units in Phase I (130 still available)

Expected completion: Fall 2007

Unit sizes: 900 to 2,150 square feet

Price range: $350,000 to $1.3 million

Parking: One space per unit; additional spaces available for purchase.

Sales office: Reservations accepted by appointment; presentation center with full condo model scheduled to open in August.

Address: 1200 N.W. Naito Parkway, Suite 100; 503-229-7600

Portland Downtown Condos devises plans for South Waterfront’s first park

The Portland Development Commission said it has begun the process of siting the South Waterfront district’s first public park.

PDC said demolition of buildings at a public storage site will begin in late April.

The project’s first phase, set for completion this July, will include a perimeter sidewalk, a large open-space lawn, improved adjacent streets and temporary streetlights.

Park developers will remove the low levels of contaminants found around the site. The cleanup is funded by a $200,000 U.S. Environmental Protection Agency Brownfields Cleanup grant.

The park will contain a historic marker commemorating Portland’s first log cabin, which sat near the park’s site.

PDC expects the park to be fully developed in the next four years.

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