By Registry Staff
General contractor Howard S. Wright recently filed a $26 million lien against the property, which houses the Ritz-Carlton Portland's Block 216 Tower, the Portland Business Journal reports. They say they are facing obstacles because of this. The general contractor claims unpaid work as the basis for the lien, which is the largest claim against the property to date.
Block 216, located at 900 SW Washington St., is a 35-story mixed-use tower that will include Portland's first five-star hotel, the Ritz-Carlton, according to real estate developer BPM Real Estate Group's website. The tower spans approximately 1 million square feet across the city block located in Portland's central business district between SW 10th Avenue and Ninth Avenue, SW Alder and Washington. The asset includes underground parking, 10,000 square feet of ground floor retail space, 165,000 square feet of Class A office space, a 251-key Ritz-Carlton hotel, and 138 co-branded residential condominium units on the building's top 11 floors. There are his five components. . Amenities at the Ritz-Carlton Hotel include a fitness center, full-service spa, swimming pool, 20th-floor restaurant, bar, and guest lounge. There are 138 apartment complexes on the 21st to 35th floors.
Last year, the tower's opening date was postponed. The grand opening of his 35-story, $600 million tower, originally scheduled for the summer, has been postponed to the fall. BPM Real Estate Group issued a press release through a spokesperson about the delay, blaming the change on supply chain issues.
BPM is a real estate development and investment company that has built and acquired more than 4,400 market-rate and affordable apartment units, 44 senior communities, and more than 1 million square feet of office space, according to its website. I did. Hotel space and other real estate related asset classes.
