Phase 2 of Portland on the Park to begin
The award-winning condominium community Portland Place will soon have an adjacent sister property that will begin construction late this year adding 170 true lofts and finished condos to the Downtown Phoenix Roosevelt Historic and Art District. The new urban living project is aptly dubbed Portland on the Park as it is situated between the three-acre Portland Park and the 32-acre Margaret T. Hance Park bordering Central Avenue. Towers of 4 stories, 12-stories and 14-stories will be completed by mid-year 2016, with homes available for sale beginning in the low $200,000’s and penthouse suites under $1 million. Limited reservations will begin mid-summer with presales occurring in the early fall.
“Portland on the Park is a continuation of Portland Place, the most successful condominium project created in Downtown Phoenix,” says Tim Sprague, principal of Habitat Metro, developer of both projects. “The new development will be built to the standards of Portland Place, including concrete construction, which adds structural integrity and stability for our homeowners while delivering a building that will be there for years to come. The team involved with this project are hand-selected because they are the best in the industry, all of whom are committed to creating homes of unmatched quality for the Downtown Phoenix homebuyer.”
For a project valued at over $75 million, Habitat Metro has assembled an expert development team to bring Portland on the Park to fruition. For the first time in a Downtown Phoenix residential project, Sunbelt Holdings has partnered to develop the urban living concept. The DAVIS Architecture team designed the first phase, Portland Place, winning the prestigious Golden Nugget Award for the best multifamily project in the West, and is designing the residential and commercial spaces for the second phase. Sunbelt and DAVIS bring years of residential expertise and quality commercial insight. Both firms are part of the development team of Marina Heights at Tempe Town Lake, which at two million square feet, is the largest single-user office project in Arizona’s history. Rounding out the team are attached housing expert Habitat Urban, Designated Broker David Newcombe. Urban living and lifestyle specialists Braun Allison from Vancouver and Scottsdale-based The James Agency are managing marketing and public relations.
Blurring the distinction between home, work and the neighborhood coffee shop, Portland on the Park will offer its residents an energized, metropolitan standard of living. The first floor 7,200 square foot commercial space will house a coffee shop, wine bar and restaurant providing a social space for residents and the Roosevelt neighborhood. Looking to the future, ample bike storage and electric car charging stations are built-in. A true downtown experience, the Central Avenue and Portland Street area has been rated a “very walkable 86” on WalkScore.com for the significant amount of offerings within walking distance.
The development is designed with generous community amenities including a resort-like pool on the ground level. An open-air gathering spot on top of the 14-story tower will give unobstructed views of the Japanese Friendship Gardens, lush parks and vistas of the mountain preserves as well as the greenery of the surrounding mature neighborhood. A state-of-the-art workout facility will also be available for resident use.
Home sizes range from 745 square feet to 2,381 square feet presented in 21 thoughtful and efficient floor plans. The lofts are true to the urban experience with exposed metal ductwork giving a modern appeal to a comfortable space. Finished condominiums offer homebuyers options of one, two and three bedrooms.
“With a metropolitan mixture of arts and culture, nightlife, boutiques, restaurants and sporting events, Downtown Phoenix is blossoming into the true epicenter of the Valley,” adds Sprague on the future of Downtown Phoenix. “The excitement continues to grow as projects like Portland on the Park attract exceptional partners like Sunbelt and DAVIS. Together, we are proud to help create a welcoming environment where people will affectionately call the area not just amazing or inspired, but most importantly, home.”