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HFF Secures $96.5M in Financing for Multifamily High-Rise in Portland

100-Columbia-Portland-OR

Slated for completion in 2020, 100 Columbia will bring 348 apartments and 15,000 square feet of ground-floor retail space to Portland’s central business district. (Rendering credit: GBD Architects)

PORTLAND, ORE. — HFF has arranged $96.5 million in financing for the development of 100 Columbia, a high-rise multifamily community located in Portland’s central business district. Alamo Manhattan, the developer, received a four-year construction loan through PCCP for the project.

Situated on a 0.9-acre site, 100 Columbia will feature 348 apartments in a mix of studio, one- and two-bedroom layouts, averaging 817 square feet. The 20-story development will include premium interior finishes and community amenities, including a 15,000-square-foot sixth-floor amenity terrace and a 20th-floor rooftop resident lounge with an observation deck with views of the downtown skyline, Mount Hood and the Willamette River.

Slated for completion in 2020, the community will also feature a 16th-floor terrace and 15,000 square feet of ground-floor retail space. GBD Architects is providing architectural services for the development.

Mark Erland, Matt Benson and Charlie Watson of HFF secured the financing for the borrower.

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