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PORTLAND-It’s no construction loan, but Dallas, TX-based Trammell Crow Co. this week received design approval for a 16-story, class A high rise that would rise one block from the waterfront between Southwest Madison and Main streets and First and Second avenues. Trammell is partnering with Chicago-based Urban Growth Property Trust on the project.

Approval from the Portland Design Commission completes a three-and-one-half month review process, and also concludes the discretionary public review process. In October, Two Main won approval from a city hearings officer for its required Central City Parking Review.

“We are very pleased that the design review decision was unanimous from the commission,” said Chris Nelson, managing director of Trammell Crow Company’s Portland office. “This is a significant milestone in Two Main’s timeline, and in the timeline of downtown development in the next 18-24 months.”

Two Main’s design was created by Callison Architecture, Inc., an award-winning design firm with clients including Microsoft, Hewlett Packard, Nordstrom and Boeing. “With Two Main, Trammell Crow Company challenged us to design a structure that is unique to the Portland skyline, that will match the importance of the piece of property it will occupy, and that will offer tenants an environment unlike any other in Portland,” says Mark Ludtka, principal in charge at Callison.

Sweeping unobstructed views of the Willamette River and Mt. Hood can be enjoyed from every floor, and there is no developable property that could disrupt those views in the future. Two Main’s east façade will be a crystalline skin reflecting the sky and river during the day, and will have striking vertical accent lighting at night, according to Callison. A fountain at the corner of SW Main Street and First Avenue will flow south below the sidewalk to the main entry, symbolically connecting it with the Willamette River.

Starbucks, represented in the Portland area by Craig Sweitzer of Trammell Crow Co., has signed a letter of intent to occupy a portion of the street-level retail space. Trammell Crow Company’s office leasing team of Mark McFarland and Jeff Falconer are in serious discussions with major office tenants.

Then again, the same major office tenants are probably also talking to brokers representing Schnitzer Northwest and Louis Dreyfus, both of whom are planning Downtown office projects, and both of whom would probably admit that not all will be built in the near future.

Anchoring the west end of the Hawthorne Bridge between SW Main and Madison Streets, Two Main will feature approximately 296,000 sq. ft. of class A office space, a roof terrace on the fourth floor, an expansive lobby with entries on SW First Avenue and at the corner of SW Second and Main, 14,000 sf of street-level retail plus two levels of below grade and two-and-one-half levels of above grade parking. Howard S. Wright Construction has been retained by as general contractor. Construction is tentatively scheduled to commence during the third quarter of 2002.

Long since past design review is 100 Columbia, a 15-story office tower Louis Dreyfus Property Group plans to build just south of KOIN Center in mid-2003. Dreyfus has already gotten the nod from the Design Review Committee and is trying to nail down tenants. Yet to receive design review approval is a third project proposed by Schnitzer Northwest, in partnership with Greg Goodman’s Downtown Development Group. The duo is planning an office tower on First Avenue at the west end of the Morrison Bridge that could rise as high as 20 stories, depending on interest.

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