Tallest wood skyscraper in the US, placed on hold

Portland was set to become the proud owner of Framework. the tallest wood-frame building in the US.  This also made it one of the most environmentally friendly high-rise development in the US, but the project was just set on hold.  In a new press release, they stated:

"The postponement is a result of changing market conditions over the past two years including inflation, escalating construction costs, and fluctuations in the tax credit market. All have impacted the project’s bottom line."

The building was designed to showcase the innovative nature of mass timber construction at both the street level and city skyline.  The structural design is a glulam post-and-beam structure, surrounding a CLT central core, and topped by CLT floor panels and gypsum concrete.  There was a lot of buzz surrounding the development and it's sad to see that the economics of it no longer make sense.

The building was designed with 12 floors: 1 retail, 5 office, 5 affordable housing, and 1 roof deck.  I am still keeping my fingers crossed on this one, as the concept would fit right in with Portland's eco-friendly culture and the city is definitely in need of affordable housing.

To be continued...

Photo source: LEVER architecture