Portland on the Park Welcomes First Residents in Phoenix
Habitat Metro and Sunbelt Holdings developed the project, which is already 72 percent sold. The property is the second and final phase of the Portland Place mixed-use development.
Habitat Metro and Sunbelt Holdings’ condominium community Portland on the Park in downtown Phoenix welcomed its first residents. The project is the second and final phase of the completed Portland Place mixed-use development. Portland on the Park is already 72 percent sold.
“The hallways of Portland on the Park are bustling with move-in activity and we take great pride in the sense of community forming among our families. Our first residents are a part of a movement writing the next chapter in a more connected, more robust downtown Phoenix,” Tim Sprague, principal of Habitat Metro, said in prepared remarks.
Located between the 3-acre Portland Park and the 32-acre Margaret T. Hance Park, the property encompasses three 4-, 12- and 14-story concrete towers totaling 149 units. Additionally, the asset also offers 7,200 square feet of retail space. Community amenities include a resort-style pool, a barbeque area, 3,600-square-foot first-floor lobby, a state-of-the-art fitness center with yoga room and an open-air gathering place on top of the 14-story tower. The property’s units range in size from 745 to 2,486 square feet and are priced from $235,000 to $1.25 million.
“Our vision for Portland on the Park has been to complete what we started with Portland Place, to create a space where those seeking urban living can truly experience the art of it,” Sprague added.
Images courtesy of Portland on the Park and UEB