The Waterfront Pearl Project Resumes

Blake Ellis - Thursday, March 26, 2009

According to the Daily Journal of Commerce, good news has arrived for current and future owners of the Waterfront Pearl Project, which sits along the banks of the Willamette River in Portland, Oregon's Pearl District neighborhood. After several months of a complete stand-still resulting from a lien placed on the building's developer, an Australia based bank, now the primary construction lender, has paid the lien in full, allowing the building to be completed.

Hoffman Construction, the general contractor for the Waterfront Pearl project, had nearly completed the project when these issues arose. Now, Hoffman is back on the job, working to finish the building's extensive water feature and lingering touch up items.

Waterfront Pearl is a two tower condominium development that is very conceptual - all things water come together in this 192 unit project in the Pearl District. Now, with the lien issues resolved, the development team can focus on a more important job - getting those units sold!

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