Cyan Condominiums

Cyan Condominiums  In late September 2006, Gerding/Edlen Development announced plans to build a 16-story "entry-level" condominium near Portland State University.  The building could become a catalyst for affordable housing on nearby blocks.

The Cyan condo tower offers more than just sustainable design. It will sit within walking distance of waterfront park, Keller Auditorium, a grocery store, the new MAX line -- touted as "20-minute living."

Gerding/Edlen will put 354 comparatively small condos in a 175-foot-tall slab tower at 1700 SW Fourth Avenue, sitting above 5,700 square feet of ground-level retail space. Two-thirds of the Cyan's 354 condos measure less than 600 square feet, and about 60 percent are priced less than $300,000.

The Cyan starts at $213,000 for 541 square feet.  Most of the units would sell for less than $300,000, with many targeted below $250,000. Prices would be kept comparatively low by the size of the units, many of which would be less than 600 square feet. There would be no balconies, and buyers would have the option of not buying a parking space. Residents could forgo parking entirely or rent a space.  

Walls between many one-bedroom units could be removed, Edlen said, allowing owners to expand their units in the event of marriage or starting families. The units would have large windows opening 90 degrees to allow fresh air and create a feeling of spaciousness.

Phrase II  During 2008-2010, the developer will build an additional 330 urban homes along with 10,500 square feet of retail space.  Also include in phrase II will be 276 parking stalls.

 Sales Update:  October 2008 

Cyan developer BBerding Edlen said in early October that the Cyan will switch to an apartment building because of the nation's credit crunch and the slowdown in the Portland condo market.  This makes the sixth tower to make a switch since March 2007.

Location    1700 SW Fourth Avenue.  See map of downtown - PDF format.
Developer  Gerding-Edlen Development Corporation.  They are the developers of the Brewery Blocks to include The Henry Condos.  Gerding-Edlen Development Corporation is also developing the South Waterfront.
Construction Type  New construction.
Green  They are shooting for a LEED Gold designation.
Number of Units  354 condominiums on 16 floors. 
Style  The 1700 building would include many one-bedroom "shotgun" units measuring 14-by-42 feet, and a smaller number of wider units measuring 21-by-25 feet. The shotgun shape is common in many recent Portland condos. They would range between 550 and 800 square feet.
Prices  Most of the units would sell for less than $300,000, with many targeted below $250,000. Square Foot Price  They should be under $400 per square foot. The Cyan starts at $213,000 for 541 square feet.
HOA Fees  To be announced later.
Parking  A parking space is purchased separately.  Plans call for rental spaces also.
Sales Office  Realty Trust is the real estate broker for the condominiums. Their office is located at 1220 NW Lovejoy, Portland, OR 97209.  Call (503) 294-1101 for hours.
Reservations  Call (503) 222-7788
Completion Date  Late 2008 or early 2009.  Construction is started in 2007 and is expected to take two years.

Downtown Condos Currently for Sale  Downtown Condos.

Park Avenue West

Park Avenue West, nicknamed PAW, is a high-rise building that started construction in the spring of 2008. When completed it will stand at a height of 515 feet and become the third tallest building in Portland behind the Wells Fargo Center and the US Bancorp Tower.

Park Avenue West is scheduled to be completed in 2010 and is being developed by Tom Moyer. The tower will have a total of 32 floors and offer retail space, office space and 85 housing units.  The plans call for the top 12 floors tol be condos. It will also have a five floor underground garage with 315 parking spaces. The roofline will be at 476 feet, but the building will have two twin spires at the top, which put the building at a height of 515 feet. The twin spires are expected to be lit up at night.

According to the plans, the parking garage will connect to the parking garage under Park Block 5 (adjacent on the south side), which also connects to the Fox Tower.

The new Simon and Helen Director Park is located just east of the Park Avenue West Tower (South Park Block 5).  Phase 2 construction begun in 2008.  A second restroom has been added to the cafe building design because of the projected number of cafe patrons. The second restroom will open to the interior and is anticipated to serve cafe activities. The building will extend 3.5 more feet to the north, but views from the corner into the park have been preserved. The cafe leasing process resulted in the selection of Dwayne Beliakoff who will open a cafe, named Viola after the stringed instrument, in April 2009.

Location    431 S.W. 12th Avenue.  See map of downtown - PDF format.
Developer  Tom Moyer and TMT Development Company.
Construction Type  New construction.
Green  They are shooting for a LEED designation.
Number of Units  85 condominiums on 12 floors. 
Style  Unknown as of 2008.
Prices  Unknown as of 2008.
HOA Fees  To be announced later.
Parking  Parking spaced available.
Sales Office  Unknown as of 2008.
Reservations  Unknown as of 2008.
Completion Date  2010.  Construction is started in 2008 and is expected to take two years.

Downtown Condos Currently for Sale  Downtown Condos.

Maps of Downtown Portland

• Downtown Buildings and Projects  Map showing the location of major buildings, condos, projects under construction, and planned projects as of August 2005

• Public Transportation in Downtown  Map showing the MAX light rail route, streetcar route, and bus routes in the downtown area.