Build it and they will come. Actually, don’t even break ground and they will come. If the Portland real estate market is hot, the Portland condo market is on fire.
The demand for lofts and condos in Portland continues to amaze. The John Ross started taking reservations by appointment last Saturday. 220 of 286 units are sold! Nothing remains below $699,000.
The Strand only has a couple of condo units left in the first two towers- starting at $649,000. There are townhouses still available. The West tower is reported to be opening for reservations in October.
$774,000 gets you two bedroom and 1610 square feet in the Meriwether. The remaining units start there and top out at $1,500,000.
Construction continues at the Vaux (pronounced vo) on NW 24th at Raleigh. The June 30th pricelist had one unit under $300,000 remaining.
Onder Development (same developer as the Strand) got their tower next to the Uptown shops on 24th and Burnside approved by the city council to the pain of the neighborhood association. Read an article in the Portland Tribune here.
The site is almost clear for the Coplin in the Pearl. NW Northrup was closed at 12th to everyone but the streetcar when I tried to drive by on Thursday.
A construction fence has been erected on the property below the Westover Condominiums between NW Westover and 24th. The Cambridge is listed in the MLS system.
I did a photo tour of some of the projects a couple of months back.