Portland on the Park gains traction with larger units
Portland on the Park, the highly anticipated sister property to Downtown’s award winning Portland Place, has received significant interest from potential homebuyers with 25 units already reserved. The property also has noted a surge in requests for larger floor plans, and in response, has redesigned selected homes. This change led to the creation of four new premium floors called “Club Level Residences” which feature penthouse floor plans. Although the number of total units has decreased from 170 to 149, the overall livable square footage of the property has increased with many of the new floor plans offering more space. Construction of the four-building property will begin this spring and is slated for completion in the summer of 2016.
“Our buyers are sophisticated and know exactly how they want to live,” says David Newcombe of Habitat Urban, designated broker for Portland on the Park. “The interest to live Downtown has been tremendous. Premium buyers are seeking urban amenities and comfort, yet still want a spacious home with lock and leave convenience. By actively listening to our future homeowners, our developers made floor plan changes that meet the needs of this exciting market. It’s refreshing to be involved with a project that is so engaged in Downtown, and is focused on doing what’s best for the neighborhood and the city.
Portland on the Park will consist of four interconnected structures including four-, 12- and 14- story towers with a five-story parking garage for resident and guest use. High-end touches are standard throughout the Tower Residences, Club Level Residences and Penthouse Suites and include things like reclaimed hardwood flooring, quartz counters, soft-close cabinetry and frameless glass showers. Most homes will have a private six-foot deep outdoor balcony, with some measuring more than 40 feet in length.
The urban living project is situated between the three-acre Portland Park and the 32-acre Margaret T. Hance Park along Central Avenue. It will be a welcome addition to the Central Arts District and neighboring Roosevelt Row, the nationally acclaimed arts community. Home sizes range from 745 to 2,490 square feet with 21 floor plans from which to choose. Tower and Loft Residences begin in the low $200,000s with Penthouse Suites available under $1 million.