Portland to Land Pacific Northwest’s First Ritz-Carlton Hotel – CoStar

Portland’s first ever Ritz-Carlton will be located in BPM’s 35-story mixed-use tower. Illustration: GBD Architects

The Pacific Northwest’s first ever Ritz-Carlton hotel is coming to Portland, Oregon.

Bethesda, Maryland-based Marriott signed an agreement with Portland-based developer BPM Real Estate Group to bring its luxury hotel brand to downtown Portland. As part of the agreement, the brand will manage 251 hotel rooms and 138 residential units – including eight penthouses – in BPM’s planned $600 million, 35-story mixed-use tower off Southwest Washington Street, Marriott said in a statement.

BPM’s planned mixed-use tower will be developed on the site of the Alder Street Food Cart Pod, a collection of street food vendors that are set to close at the end of June, according to local media outlets. The tower will be a few blocks from the Pioneer Courthouse Square, one of the most-visited tourist destinations in Oregon, and the Pioneer Place shopping center. The tower will also be near Portland’s Pearl District, the former warehouse district now known for its tony restaurants and bars, galleries and boutiques, Marriott said.

In addition to hosting the Ritz-Carlton and residential units, BPM’s tower will feature high-end office space, retail space, a ground-level food hall and a restaurant and bar on the tower’s 20th floor.

Portland’s first Ritz-Carlton will feature private entrances for hotel guests and residence owners, along with high-end amenities such as a fitness center, full-service spa, a swimming pool on the 19th floor and more than 13,000 square feet of meeting space. Residence owners will have dedicated amenities such as an eighth-floor owner’s lounge and a fitness facility.

BPM is projected to break ground on its 35-story tower later this year, with an anticipated opening in early 2023. GBD Architects designed the tower.

Article by: MOLLY ARMBRISTER | CoStar | June 26, 2019