Gerding Edlen Begins Development on The Casey
May 20, 2005
portland, or – Gerding Edlen Development Company brought designs for The Casey to the Portland Design Review Commission for Design Assist Request last night. This first preview of a planned high-end condominium building at Northwest 12th and Everett avenues garnered enthusiastic reviews for leading-edge architecture and sustainability from the Commission.
Located on a small, one-quarter-block site adjacent to Gerding Edlen’s Brewery Blocks, The Casey will be the first high-rise, quarter-block development in the Pearl District. Demolition and construction are anticipated to begin this fall, and the building is planned to open in fall 2007.
The Casey, an extension of the Brewery Blocks, is anticipated to be the most sustainably-built residential building in the country—potentially the first to achieve a LEED platinum rating from the U.S. Green Building Council. The building will incorporate a host of innovative features, including solar panels for water heating and ground-source heat pumps for air conditioning and heating. This heating and cooling system sends water deep into the earth to heat or cool it to 52 degrees, using free, renewable energy to provide at least 75 percent of the building’s heating and cooling needs.
“This is the next milestone for us in terms of sustainability,” says Dennis Wilde, Gerding Edlen’s sustainability expert. “We achieved the third LEED gold residence in the country with The Henry, and we continue to apply and expand what we’ve learned to push the bar higher with each project.“
Gerding Edlen is also expecting to receive Gold LEED designation for The Louisa, the first market-rate apartment building in the Pearl District’s Brewery Blocks. Tenants and businesses West Elm, The North Face and Washington Mutual moved into The Louisa last month.
The Casey will stand 16 stories tall, but will cover just one-quarter block in area, creating an elegant, thin profile. The architecture, by GBD Architects, will capitalize on this small floor plate to create a “jewelbox” effect, including a unique façade on each side and incorporating Bullseye glass and other materials into the exterior design.
With just 52 units and only three to five units per floor, it is one of the smaller condominium buildings being developed in Portland and will have a boutique feel. Average unit size will be larger than most condominiums in the Pearl— 2,100 square feet, compared to 1,100 square feet.
Realty Trust Group is the sales and marketing agent for The Casey and expects to begin selling units this summer. It is currently maintaining an interest list for potential buyers.
“Typically a condominium building contains a mix of unit sizes and prices, but in this case we are delivering a premium product at a premium location to meet market demand,” says Todd Prendergast of Realty Trust Group.
The Casey is being developed by Gerding/Edlen Development, designed by GBD Architects and built by Hoffman Construction Company. The land is owned by Roger and Linda Jones; Roger’s father, Casey Jones, is the building’s namesake. The LEED Green Building program will be managed by Portland-based Brightworks Northwest.
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.