Rare Half Block Available for Sale in Pearl District
Build into the Pearl District’s Future
Pearl on Irving presents a rare opportunity to acquire a premier development site in Portland’s coveted Pearl District, one of the city’s most dynamic and evolving neighborhoods. Positioned at NW 12th Ave & NW Irving St, the property benefits from unmatched walkability, strong demand drivers, and the continued momentum that has transformed the Pearl District into Portland’s most desirable urban address.
Zoned EXd – Central Employment, the site offers exceptional flexibility, accommodating a broad mix of uses ranging from multifamily residential to creative office, retail, or hospitality. While the property is currently entitled for hotel development, the zoning framework allows future ownership to pursue a variety of strategies aligned with market demand and highest-and-best use.
This is a unique chance to secure a development-ready site in the heart of the Pearl District — and to create the next chapter in one of Portland’s most successful urban transformations.
- Land Size: 20,000 SF / 0.46 AC
- Zoning: EXd – Central Employment
- Utilities: Site utilities, including underground electrical lines and vaults, were installed in 2022/2023
- Height: 75′ / 250′ with bonuses
- FAR: 5:1 / 8:1 with bonuses
- Historical/Special Allocation FAR: 3.69:1
