Portland condominium tower project earns national bragging rights

From the Daily Journal of Commerce:

There are dozens of platinum-certified Leadership in Energy and Environmental Design buildings in the United States. But only one of those buildings is a condominium tower, and it’s located in Portland.

Gerding Edlen Development is banking on the newly awarded LEED platinum rating for The Casey, at Northwest 12th Avenue and Everett Street, as a sustainable status symbol that will help sell condominiums in a cooling market.

“At the end of the day you have to be able to sell these units,” Kelly Saito, Gerding Edlen’s principal of development for The Casey, said. “You’re bound by some economic equation.”

While it’s easier to achieve LEED platinum status with an institutional building such as a hospital or university, Saito said about 75 percent of the Casey’s units have already sold.

Gerding Edlen expects leasing activity to continue at a rapid pace throughout the year.

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