Portland is widely recognized as one of the country’s most environmentally friendly cities, noted for its focus on comprehensive urban planning, commitment to light rail investment and leadership in sustainable architecture. Decades of double-digit population growth has led a regional planning authority to push for high-density, transit-oriented developments and laid the groundwork for a nascent revitalization of the city’s West End.
Fall 2008 was a painful time to have one new commercial development started, but imagine two projects – a two-building industrial complex and a green office building, both barely out of the ground in suburban Chicago. Bridge Development Partners, LLC, confronted this predicament and fought against some of the worst mar¬ket conditions to complete these projects.
Just when the recovery seemed to be taking hold, the summer of discontent and uncertainty began. But as many speakers at NAIOP’s Development ‘11 conference assured attendees, fundamentals are improving, manufacturing has been growing in certain areas, and the likelihood of a double-dip recession seems remote.