PORTLAND-Schnitzer Northwest is planning to build an office tower on the so-called Beim and James Block at the base of the Morrison Bridge. It purchased the property two years ago for $5 million, and now is in the process of selecting a broker to help predict future market demand and decide how large of a building to construct.

Schnitzer issued a request for proposals from brokers and architects several weeks back. A final decision is expected to come in the next two weeks, Schnitzer’s Tom Zelenka tells GlobeSt. Sources close the deal say finalists for the listing assignment — Grubb & Ellis, Doug Bean & Associates and Cushman & Wakefield – were to have given final-round presentations this week.

Zelenka, who spoke with President Ken Novak before talking with GlobeSt Friday afternoon, says the size of the project is in the process of being determined. The city’s zoning code allows for a building in that area to be 235-feet tall, or about 20 stories, not including any height bonuses that may be available in exchange for certain public amenities. “We’ll build what makes sense and what the marketplace is ready to accept, and that has yet to be determined,” says Zelenka. “We’re in the process of making decisions and determinations as to what makes market sense at that location at that time.”

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