The opening date for the Ritz-Carlton Tower in downtown Portland, developed by BPM Real Estate Group, is being delayed. Originally scheduled for August 15, the grand opening of the 35-story, $600 million tower, which includes the highly anticipated Ritz-Carlton hotel—the first of its kind in the Pacific Northwest—has been pushed back. This change came to light when the Marriott website listed October 15 as the first day for reservations at the Ritz-Carlton hotel, a Marriott brand.
In response, BPM Real Estate Group released a press release through their spokesperson this week, attributing the delay to supply chain issues. The press release did not provide a new opening date, but the spokesperson stated via email, “As of right now, we are committed to opening this fall. As soon as we identify a more specific date, I will let you know,” according to a report in the Portland Business Journal.
BPM CEO Walter Bowen acknowledged that Block 216, the formal name of the tower, has experienced minimal delays over the past four years. However, supply chain challenges in the final stages of construction have led to setbacks. Bowen emphasized their close collaboration with Marriott to ensure that the final product meets the highest standards before opening to the public in Portland.
Although the exterior of the tower appears mostly complete, there is still significant work to be done to prepare the building for occupancy. Despite the delay, BPM Real Estate Group remains within the timeline they initially announced when the project was introduced in 2019, targeting completion by 2023.
Earlier in June, BPM Real Estate Group announced that the 35-story tower, located at 900 SW Washington Street, would open its doors on August 15. This highly anticipated event will give Portlanders their first glimpse into the luxurious mixed-use skyscraper, which has been under construction for several years in a prime location within the city center.
On that date, it was anticipated that the Ritz-Carlton Hotel, occupying 251 rooms and employing 350 staff members, would officially open its doors as the largest tenant in the building. This significant milestone would have also marked the beginning of condo buyers’ ability to finalize the purchase of the building’s 132 units. Known as Block 216, the tower is a 1.1 million square foot mixed-use tower that will feature 158,000 square feet of premium office space, according to the developer, and leasing will be managed by JLL.
