Wednesday, January 19, 2011

Eliot Tower, The Eliot Condos





The Eliot Condominiums are some of the most luxurious condos in Portland.

Condos in Portland fall into two main categories: those that have a concierge and those that don't. The Eliot does have a concierge, and they also have a gym, a party kitchen, an outdoor BBQ area and eating area, a library, a meeting room and an impressive lobby with very high ceilings. It is a very nice building built during Portland's condo boom of 2006. It managed to sell out before the crash occurred, and it has not been as negatively affected as condos that were finished in 2007 or later.

The Eliot has 223 units, from large to small, and currently there are 10 units for sale. That is less than 5% of the units... not bad. The lowest price unit is $319,000 for 917 sf ($348) per square foot), and the most expensive unit is $2,700,000 for the 18th floor penthouse ($616 per square foot).

Not only is the Eliot Tower a luxurious building, it is one of only a handful of condo buildings in Downtown Portland, and its location is truly stellar. Right across the street from the Portland Art Museum, and next door to Safeway. It also is on Portland's streetcar line.

Portland has 3 main condo areas near or in downtown. The Southwaterfront (The Meriwether East and West, The John Ross and the Atwater), Downtown (The Eliot, The Benson, The Harrison, Portland Plaza, American Plaza etc.,) and the Pearl District, with way to many condo buildings to mentions. The South Waterfront is still in its infancy. Just 4 condo buildings, and not quite the "critical mass" to support commerce. Downtown is very grown up, with all types of commerce and cultural activities, and the Pearl District is boutique living. Of the downtown condos, the Eliot is the most sophisticated and quality building, and the location can be beat..