Park Avenue West Tower

Park Avenue West Tower
Park Avenue West Tower eastern face
Location within Portland, Oregon
General information
Status	Complete
Type	retail, office, apartments
Location	805 SW Broadway #2020, Portland, Oregon, United States
Coordinates	45°31′10″N 122°40′52″W / 45.519368°N 122.681067°W / 45.519368; -122.681067Coordinates: 45°31′10″N 122°40′52″W / 45.519368°N 122.681067°W / 45.519368; -122.681067
Completed	2016
Opening	2016
Owner	TMT Development
Height
Antenna spire	502 feet (153 m)
Technical details
Floor count	30
Floor area	474,000 sq ft (44,000 m2)
Lifts/elevators	10
Design and construction
Architect	TVA Architects
Developer	TMT Development
Main contractor	Hoffman Construction

Park Avenue West Tower is a 502-foot (153 m) skyscraper in downtown Portland, Oregon, United States. It is the fourth tallest building in Portland behind the Wells Fargo Center, KOIN Center, and the US Bancorp Tower. Developed by TMT Development and designed by TVA Architects, the tower consists of commercial office space, ground floor retail, and apartments.

Park Avenue West Tower was initially scheduled to be completed in 2010 and is being developed by Tom Moyer's TMT Development. The tower was to have a total of 33 floors and offer retail space, office space and 85 housing units. The housing component has since been dropped from the plans (see below). It was also to have a six floor underground garage with 325 parking spaces. The building gained the top four floors when developers agreed to add 1,650 square feet (153 m²) of bike facilities (including public bicycle commuter showers, bike parking, and locker space) under the connected Director Park subsurface parking, gaining the tower a 40-to-1 bonus.

Construction on the building was suspended in April 2009. Despite the suspension of construction, the developer was hopeful to get the building back on track by reducing the number of stories in the structure resulting from removal of the top ten floors which would have been condominium space. The building was about 50% leased, with Stoel Rives as the primary tenant (11 floors, 157,000 square feet), as well as a NikeTown store. Commentators noted the similarity of the work on the building being halted by the 2008 financial crisis and the Portland Hotel being halted by the Panic of 1884, which caused the hotel to be nicknamed "Villard's Ruins" for developer Henry Villard. The Park Avenue site was considered an eyesore as it sat with only the foundation completed for more than 4 years; it was nicknamed "Moyer's Ruins".