The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Wednesday, July 18, 2018
Plans Scrapped for Unique 12-Story Wood Tower in Portland
Plans for a one-of-a-kind 12-story building called Framework have been scrapped. The planned developed included 60 affordable housing units. A recent failure in the manufacturing process had been identified after a cross-laminated building at OSU had construction halted in March. Willamette Week reported that the project had a funding gap of around $2 million since last year. Per square foot costs of building the project had soared to $651.43 or $567,389 for each 660 square foot 2-bedroom apartment. Read more.