400 SW Sixth Avenue is an eleven-story

office building An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific dut ...

Downtown Portland Downtown Portland is the city center of Portland, Oregon, United States. It is on the west bank of the Willamette River in the northeastern corner of the southwest section of the city and where most of the city's high-rise buildings are found. ...

in the U.S. state of

Oregon Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of it ...

. Originally known as the First National Bank Building, it opened in 1960 as a six-story bank building. The tall

mid-rise A low-rise is a building that is only a few stories tall or any building that is shorter than a high-rise, though others include the classification of mid-rise. Definition Emporis defines a low-rise as "an enclosed structure below 35 metres 15 ...

contains of space, with retail on the ground floor. From 1995 to 2016 the primary retail tenant was Camera World.

History

First National Bank of Oregon announced it would build a new headquarters building in 1957, with the contract to build the structure going to

Hoffman Construction Company Hoffman Construction Company is a privately held construction founded in 1922. It is headquartered in Portland, Oregon. It also has an office location in Seattle. With a revenue of US$1.4 billion in FY2017, Hoffman was the 4th largest privately ...

. The planned $3.5 million, five-story building was designed by Stanton, Boles, Maguire & Church and was to have of space. The building was to be on the site of the Century Theater and Lafayette Building, and would also require the demolition of part of the bank's existing headquarters. Construction began in December 1957 on what was to be a two-phase project, in which an initial five-story building would be built to allow the bank to move before its existing 1923 structure was demolished. A second five-story building would then be built in the footprint of the old bank building at SW 6th and Stark. In March 1958, erection of the steel frame began, with plans to have the entire project completed in August 1960. The curtain wall began going up in November 1958, and consisted of glass mosaic squares, becoming the first building in the Northwest to use this new type of panel. In September 1959, the first of the two buildings opened. The exterior mosaic squares were Italian blue and mounted in wall sections made of aluminum. The interior utilized walnut and light marble trim, and included what was believed to be the largest piece of

carpet A carpet is a textile floor covering typically consisting of an upper layer of pile attached to a backing. The pile was traditionally made from wool, but since the 20th century synthetic fibers such as polypropylene, nylon, or polyester hav ...

ever laid in the Pacific Northwest at that time, which was installed by

Meier & Frank Meier & Frank was a prominent chain of department stores founded in Portland, Oregon, and later bought by The May Department Stores Company. Meier & Frank operated in the Pacific Northwest from 1857 to 2006. History Summary Meier & Frank was f ...

. Construction then commenced on the second structure, and the combined building opened in September 1960. On the ground floor, the plans called for the new building to be connected to First National's former headquarters building, a three-story structure built in 1916, which continued to house the main public branch, facing SW 5th Avenue. That building still stands and is listed on the

National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic v ...

as the First National Bank. In 1972, First National Bank of Oregon moved its headquarters to a new building located elsewhere in downtown, the

First National Bank Tower The First National Bank Tower is a 45-story office skyscraper located at 1601 Dodge Street in downtown Omaha, Nebraska, United States, and the official headquarters of First National Bank of Omaha. At it is the tallest building in Omaha a ...

, but retained a bank branch in the old building on 6th Avenue. Over time, First National became First Interstate Bank and then Wells Fargo through a series of mergers and acquisitions. First National sold the old headquarters building in October 1972 for $3.1 million to Schnitzer Investment Company. The building was then sold by Schnitzer in 1976 to First Farwest Life Insurance Company to serve as its headquarters, with the building renamed as the First Farwest Life Building. The building was expanded by in 1983 with Hoffman Construction again as the contractor. First Farwest Corp. sold the building, which had served as the insurer's headquarters, to United Trust Fund Inc. in 1987 for $25 million, though Farwest remained a tenant. United Trust then sold the building in August 1988 for $30.5 million to Almaden Plaza Associates, which included the lease with Farwest. In February 1989, Farwest became insolvent and was seized by regulators, including then insurance commissioner

Ted Kulongoski Theodore Ralph Kulongoski ( ; born November 5, 1940) is an American politician, judge, and lawyer who served as the 36th Governor of Oregon from 2003 to 2011. A member of the Democratic Party, he served in both houses of the Oregon Legislative As ...

, with later liquidation. After the bankruptcy of Farwest, Almaden Plaza Associates could no longer pay the mortgage, and the building was deeded to John Hancock Mutual Life Insurance Company by Almaden in 1990, who then sued United Trust over misrepresentations concerning Farwest. In 1992, the building was raised to eleven stories, with the exterior changed to aluminum and stainless steel. Camera World opened its flagship store on the ground floor in 1995. The building was purchased by the Louis Dreyfus Property Group (LDPG) in 1999 from John Hancock. LDPG sold the building to Felton Properties and Newmark & Co. Real Estate Inc. in 2004 for $30.25 million. UTi Worldwide Inc. became a major tenant in 2011 with leased over several floors. In late 2017 the building was purchased by investors for $68 million.

Details

400 Sixth is of modernist design and stands tall. The building has both ground floor retail space and office space for a combined of gross leasable space. The eleven-story structure has an exterior clad in aluminum and stainless steel. Inside, there are marble floors, woodwork in the lobbies and the elevators, and more aluminum touches. The building also has underground parking with 70 spaces and 50-person conference room. Harland Financial Solutions and UTi Worldwide Inc. are two of the largest tenants in the building.

References

External links

Felton PropertiesArt on Wall
{{Webarchive, url=https://web.archive.org/web/20160115212223/http://lostoregon.org/2013/04/07/art-wall-on-sw-6th/ , date=2016-01-15 * 1960 establishments in Oregon Bank buildings in Oregon Office buildings in Portland, Oregon Office buildings completed in 1960 Buildings and structures in Southwest Portland, Oregon