Proposed Office Development in Oregon
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827 NE Oregon Street, Portland, OR 97232
Two-building office campus in Lloyd Neighborhood with sustainable design.
Property Size206,497 SF
Days on Market188
Property Features for 827 NE Oregon Street
General Information
Standard status
Active
Size
206,497 SF
Property subtype
Office
Building Details
Year Built
2022
Listing Agency:
(503) 307-3075
Listed By:
Jeff Falconer, SIOR
(503) 307-3075
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Aug 2 at 6:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeff Falconer, SIOR
Investment Insights
Based on property information with market context.
The proposed Oregon Square office development is part of a larger eco-district focused on sustainability, centered with district solutions around energy, water, waste, and transportation. This development is the second phase of the Hassalo on Eighth development. While two existing buildings on Oregon Square have been or are being renovated, the plan is for the two south blocks to be developed as office buildings. The proposed east building is planned for six levels, and the proposed west building is planned for five levels, with the possibility of adding additional floors to both buildings. The buildings will sit atop a continuous underground parking facility that spans beneath both blocks, taking advantage of the available parking in the Hassalo on Eighth development to the north, which has 1,200 stalls. The proposed floor plates are large, with 11-foot high finished ceilings and glass lines. The concrete structural system provides long span support, reducing columns. The combination of large floor plates and the high floor-to-floor height allows deep daylighting solutions while also allowing greater space planning flexibility. Future stair connections can be provided through proposed block-outs to allow both spatial and physical connectivity between floors. The concrete frame solution provides flat ceilings broken up with 30-inch deep beams. Accommodations are made to float ceiling clouds and provide mechanical and fire protection distribution within the bays of the one-way structural frame. The top level of the East Block is set back to provide a continuously elevated terrace facing the river, downtown, and the west hills beyond. Other floors are provided with outdoor space, and both buildings propose a roof deck amenity to provide outdoor opportunities. The development is envisioned to expand on the LEED Platinum Neighborhood Development (ND) and continue to leverage the surrounding retail, housing, and multi-modal transportation opportunities already on site. The nexus of streetcar and MAX lines is located one block NW of the proposed building. Construction is underway for the new Earl Blumenauer bridge, which will provide bike and pedestrian crossing over Sullivan’s Gulch. The property is centrally located in the Lloyd Neighborhood with proximity to Hassalo on Eighth and transit options. The planned two-building office campus of 385,000 square feet is expandable to 555,000 square feet. Each floor features outdoor space, and both buildings feature rooftop decks. It is adjacent to Hassalo on Eighth, which comprises three residential buildings with street-level restaurants, retail, fitness, grocery, and medical facilities. There is direct access to the new Congressman Earl Blumenauer bicycle/pedestrian bridge and it is a block from the Portland Streetcar and MAX lines. It is conveniently located within walking distance to Lloyd Center, Oregon Convention Center, Moda Center, and other area amenities and destinations.
Key Highlights
- Part of a larger eco‑district focused on sustainability with district solutions around energy, water, waste, and transportation.
- Direct access to the new Congressman Earl Blumenauer bicycle/pedestrian bridge and proximity to Portland Streetcar and MAX lines.
- Large floor plates with 11' finished ceilings and glass lines allowing deep daylighting and space planning flexibility.**
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Market
Lease Benchmarks for Portland, OR
$18.37 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
21,894 SF
Avg Space Size
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Office building - Two-building office campus in Lloyd Neighborhood with sustainable design.
Where is this office building located?
The property is located at 827 NE Oregon Street Portland, OR.
What are key features of this property?
This property features: Part of a larger eco‑district focused on sustainability with district solutions around energy, water, waste, and transportation.; Direct access to the new Congressman Earl Blumenauer bicycle/pedestrian bridge and proximity to Portland Streetcar and MAX lines.; Large floor plates with 11' finished ceilings and glass lines allowing deep daylighting and space planning flexibility.**