Moda Tower

Moda Tower is a 24-story office building in Portland, Oregon. At 308 ft., it is Portland's seventeenth-tallest building. Health insurance company Moda Health is the primary tenant of the high-rise. Unico Properties purchased Moda Tower in 2018.

History

Construction on the tower began in 1997 and was finished in 1999 at a cost of $34 million, with Zimmer Gunsul Frasca serving as the chief architectural firm for the project. The building was the culmination of many years of efforts to develop the site into a high-rise building, with the site formerly the home of the Chambers and Gerlinger buildings. Prior plans for the site included one in 1990 to build a, 30-story skyscraper to be named the Morrison Tower. Originally owned by the ODS Companies, it sold the building for $123 million in 2005 to Morrison CF-LLC. The building was sold for $129 million in 2013 to UBS and the name was changed to Moda after ODS Health Plans re-branded as Moda Health. In September 2018, the building was acquired by Unico Properties and American Realty Advisors for a reported $178 million.

Details

The main feature of the building's design is a floor plan that allows for six corner offices on each floor. The first four floors are devoted to city-mandated ground-floor retail and a parking garage. The parking garage has four levels, while the retail space totals. There is a atrium on the ground floor at the building's main entrance to the retail areas. The curving facade along the eastern end of the building is supposed to follow a curve in the Willamette River. Moda Tower also has an observation deck on the roof. With of leasable space, it is the tenth largest office building in Portland.