The Luxe is on its way

BY MEGAN PATRICK-VAUGHN of the VBJ

The $17 million Luxe office condo building ceremonially broke ground on Nov. 15 in downtown Vancouver at 412 E. 13th St., with an array of local luminaries standing by.

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The 56,000-square-foot, six-story Class A commercial, office and residential building by Vancouver-based Prestige Development is set to be completed by spring of 2009. The general contractor has not yet been made public.

The first floor will be retail space, with four floors of office condos and top floor penthouse office or residential units – and Prestige President Elie Kassab has announced he and his wife will live in the top floor penthouse.

All of the space in the building is for sale, starting at $450 per square foot, and condo office sizes will be about 5,000 square feet. The design also includes 47 underground parking spaces.

Eric Fuller & Assoc. is marketing the space, designed to be modern with a European flair by Portland’s Tiland/Schmidt Architects, Kassab said.

“This is truly the beginning of several projects that are going to open this corridor,” Kassab said.

KC Fuller of Eric Fuller & Assoc. said the building already is attracting a fair amount attention from potential occupants.

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