The Westerly

The Westerly, also known as the 24th Place Condominiums, is a 14-floor high-rise building in Northwest Portland, Oregon, in the United States. It is located at 2351 NW Westover Road in Hillside neighbourhood. Construction of the building began in 2006, and was completed in 2008.[1]

The Westerly
General information
TypeResidential
Architectural stylePostmodern[1]
Town or cityPortland, Oregon
CountryUnited States
Coordinates45.52469°N 122.70035°W / 45.52469; -122.70035
Construction started2006
Completed2008
Technical details
Floor count14
Design and construction
DeveloperHomer Williams
References
[1][2]

Description and history

In 2004, Kristina Brenneman of the Portland Tribune reported, "The Northwest District Association has filed multiple appeals to its neighborhood plan to the state Land Use Board of Appeals, including stopping 'bonus height' provisions north of West Burnside Street. The extended height, approved by City Council, sparked plans for the proposed 147-foot 24th Place Condominiums on Northwest Westover Road right behind the Uptown Shopping Center. In response, attorneys for 24th Place condo developer Homer Williams filed a notice to respond to the appeals. A movement against the tower has its own Web site, www.stopuptowntower.com."[3]

The building has 14 floors with more than 100 residential units. The final floor and roof were completed by August 2007.[4][5] Homer Williams was the building's developer.[3] Forty percent of its units had been sold by July 2007, during construction.[4] The building's penthouse sold for $3,125,000 in June 2007.[6]

Prices were reduced in 2008.[7] In February 2009, The Oregonian's Jeff Manning said the condos opened just as the market was crashing and sales fell below expectations.[8] In April, the newspaper's Ryan Frank said developers struggled to sell condos and ground-level retail spaces in the building because of the Great Recession.[9]

See also

References
  1. "The Westerly, Portland". Emporis. Retrieved 2018-05-14.
  2. "The Westerly". SkyscraperPage. Retrieved 2021-01-23.
  3. Brenneman, Kristina (January 19, 2004). "Appetite for height". Portland Tribune. Retrieved October 17, 2020.
  4. Smith, Kennedy (July 11, 2007). "Portland developers flip-flop as condos convert to rentals". Daily Journal of Commerce. Gannett. Archived from the original on May 19, 2018. Retrieved May 18, 2018.
  5. "Westerly condos in Northwest Portland near completion". Daily Journal of Commerce. August 1, 2007. Archived from the original on May 19, 2018. Retrieved May 18, 2018.
  6. Eastman, Janet (October 2, 2017). "Prices are sky high for Portland penthouses". The Oregonian. Retrieved October 17, 2020.
  7. Frank, Ryan (October 10, 2008). "All the empty condos". The Oregonian. p. C01. The Westerly in Northwest Portland and The Strand on the Willamette River both advertise reduced prices.
  8. Manning, Jeff (February 21, 2009). "Real estate fund stops payments". The Oregonian. Some of the condo investments have been big winners. Others haven't, chief among them the Westerly and the John Ross, both in Portland. Neither project has met sales expectations... But both the Westerly and the John Ross came online just as the condo market was crashing.
  9. Frank, Ryan (April 19, 2009). "Recession spares no place, not trendy Northwest 23rd, not suburban Kruse Way". The Oregonian. They tick through all the empty storefronts and point to the condo building that rises above them, The Westerly. The developers struggle to sell the high-priced condos and the first-floor shops remain empty. The only thing anywhere on the ground floor is a 'For Lease' sign.
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