12-story timber tower moves forward

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It's not out of the ground yet, but a proposed 12-story high rise in the Pearl District made out of Cross-Laminated Timber is moving forward into its next phase of design, development and testing.

A project from Portland-based LEVER Architecture and project^, Framework would rise from the corner of Northwest 10th Avenue and Glisan Street on a quarter block that is currently home to Albina Community Bank.

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The property owner is Beneficial State Bancorp, which acquired 90 percent of Albina's stock in 2013. Also part of the project is Home Forward, a Portland-based affordable housing investor and developer.

The building will be home to 60 units of workforce housing and office space for socially minded businesses. When the building is completed, it will include ground-level retail — likely including space for Albina Bank — five floors of office space for B Corp businesses and social enterprises and five floors of workforce housing, which slides in somewhere between affordable and market rate housing.

According to information from the project leaders, the initial phase of the project included research and design development into using CLT in a high-rise mass timber building, something that's not been done much in the U.S. Last September, the teams won a $1.5 million prize in the Tall Wood Building Prize Competition, money that was put toward that initial research.

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