Atwater Place Prepares to Open Sales
May 01, 2006
portland, or – Inspired by the shapes and beauty of glass sculpture, Atwater Place is the creation of renowned local architect and artist Thomas Hacker. Located on Southwest Gaines Street between Southwest River Parkway and Southwest Pennoyer Street, the riverside Atwater Place is slated to be finished Winter of 2008 and will be the third residential project in the central district of South Waterfront. Sales will commence May 6, 2006. To date more than 540 people placed their names on the interest list.
“With its graceful architecture and unique relationship to the river, Atwater Place is a wonderful addition to the emerging South Waterfront neighborhood,” said Mark Edlen, Managing Principal with Gerding/Edlen Development Company, the project’s co-developer along with Williams and Dame Development Company. “The vision for the district calls for beautiful and responsible design that will stand as a legacy for the city. Atwater Place helps bring this vision to life.”
Atwater Place will include 212 condominium homes—five of which will be town homes—standing in a 22-story rectangular tower. Unit sizes will range from 930 to 3,800 sq./ft. Homes are priced from $370,000 to $3.5 million. Due to the unique architecture of the building, most homes in Atwater Place will have views of the Willamette River and of Mt. Hood. Atwater Place will provide residents with premium finishes and amenities that have become a standard for South Waterfront condominium projects. In keeping with the district wide plan for dynamic street-level spaces, the building will have 10,000 square feet of retail space on the ground floor. The design for Atwater Place includes gardens, eco-roofs and extensive landscaping, all of which contribute to the vision of South Waterfront as a garden district.
“Atwater Place offered us the opportunity to design a building that celebrates the ever changing beauty of the natural environment while providing residents sophisticated and elegant living spaces,” said Thomas Hacker, design principal of Thomas Hacker Architects.
The tower’s sculptured faces will be crafted in glass to create a prismatic effect. Cut into the façade, the balconies of Atwater Place will be staggered recesses in the shear glass plane of the building’s face. A raised courtyard and a ground-level plaza will provide residents with exterior community spaces where they can enjoy views and interact with the landscape.
Atwater Place is designed with such sustainable building features as storm water management to mitigate run-off and lessen the burden on city systems; high-performance glazing to reduce heating and cooling needs; low-flow showerheads, faucets and dual-flush toilets to reduce water consumption, non toxic finishes; and locally sourced materials with a high percentage of recycled content.
Additionally, residents of Atwater Place will enjoy the convenience of multiple modes of transportation, including the Portland Streetcar, the aerial tram, TriMet buses and walking and biking trails—reducing the need for cars. Atwater Place is expected to earn LEED Silver certification (Leadership in Energy and Environmental Design) from the U.S. Green Building Council.
Hoffman Construction crews will spend the next six weeks preparing the site for building and will begin excavating for the foundation and placing structural supports in late December. Cranes will go up on the site in the spring of 2006.
Two other residential projects are currently under construction in the River Blocks section of the South Waterfront District. The Meriwether, scheduled to be completed in the spring of 2006, is 98 percent sold and the John Ross, scheduled to be completed in 2007, is more than 80 percent reserved. In addition, the Oregon Health Sciences University building including the state of the art wellness facility, MARCH, will be completed in late 2006.
The South Waterfront District is the largest economic development project in Portland’s history. The River Blocks represent the first phase of residential development within the central portion of the District, which encompasses 38 acres along the Willamette River’s west bank. South Waterfront developers Williams & Dame and Gerding/Edlen of the Brewery Blocks, are working together to create an innovative and vibrant district that blends residential, office, retail, public and natural spaces.
Gerding Edlen is a leading real estate investment, development and asset and property management firm recognized for its expertise in creating and owning highly sustainable, urban infill, office, residential and mixed-use properties. Founded in 1996, the firm engages a socially responsible approach to real estate by cultivating properties that strengthen communities, minimize impact on the environment and add profound value to residents and tenants. Gerding Edlen’s efforts are guided by a set of criteria, known as the Principles of Place, where community plays a pivotal role alongside design, technology and sustainability in the success of their properties. Gerding Edlen’s development entity is a recognized national leader of sustainable development, which includes more than 75 LEED certified or certified pending properties.