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American Assets Trust is downshifting as it plans for Oregon Square, the massive superblock development expected to serve as an anchor for the Lloyd District.
The revised plan to split the project into two phases comes amid efforts to attract tenants to American Assets Trust's most recent multifamily project, Hassalo on Eighth.
Wade Lange, vice president and regional manager for American Assets Trust, confirmed that the developer now prefers to build Oregon Square in two phases.
"We're looking at that as an awful big piece to add right now," he said Tuesday. "We're looking at a phased approach."
Early assistance from the city of Portland's Bureau of Development Services has again been requested for the project. Oregon Square previously won approval from the Design Commission in November.
New plans call for a western phase fronting Seventh Avenue with two buildings, one...