West Coast Luxury Condos Hit the Market at Half-Price
I never thought I’d see a Ritz-Carlton condo in Portland listed for half its original price, but here we are. If you’ve been following the downtown scene, you know the Block 216 tower was supposed to be a symbol of post-pandemic revival—a glittering high-rise with luxury condos starting on the 21st floor.
Instead, it’s been mostly empty, and now, with only 11 out of 132 units sold since its 2024 completion, the new owners are slashing prices by up to 50%.
You might be wondering why a five-star brand like Ritz-Carlton would take such a hit. The truth is, luxury branding alone doesn’t guarantee buyers, especially in a market that’s still adjusting to post-COVID realities. This isn’t just about a “sale”—it’s a rare opportunity to access Portland’s tallest residential tower at a fraction of its original cost…