Downtown Condo Living Under $200K?

There may be hope for those looking live close to Portland’s urban vibe, but have been priced out of the Pearl and South Waterfront.

Developers announced that the first phase of the Harrison (formerly the Portland Center apartments) will be released at the end of April. This is the largest apartment conversion in Portland, totaling 560 units and taking 3+ years to complete. The first phase includes 190 condos.

Starting prices for a one-bedroom are reportedly $175,000, which is about $100K less than garden-view, lower-level condos were at the John Ross. Two-bedroom units start at $225,000, and townhomes and penthouses will run $350,000 and above.

The Harrison is made up of 3 separate towers in the southwest section of downtown and is located near Portland State University and in close proximity to the future South Waterfront campus of the Oregon Health & Sciences University. The Portland Streetcar runs alongside, and the towers are located in a leafy, park-like corridor. Views from many of the mid to upper floors are spectacular.

In the renovation, all surfaces are getting treatments, including cabinets, counters, floors, fixtures, and lighting. The developers are also allowing up to 25% of the units to be purchased as non-owner occupied, i.e. investment properties.

Contact me if you are interested in viewing or inquiring further about the Harrison.

Links:
Harrison website
Article about the Harrison from the Portland Business Journal
Picture by samgrover

Technorati Tags: Portland, condos, affordable, Pearl District, South Waterfront, apartment, conversion

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1 comment March 9th, 2006