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Oregon Developer of the Year, Gerding
Edlen
At Gerding Edlen sustainable buildings
make a sustainable business
By Melody Finnemore
Mark Edlen, managing principal of Portland's Gerding/Edlen
Development Co., attributes the firm's success to four principles:
collaborating with the right partners, earning a profit, focusing
on sustainability and pushing the design bar.
"More
interesting design will make for more interesting places to
live, work and play," Edlen said. "We have a responsibility
to design buildings with a 100- or 150-year imprint and leave
behind projects that benefit the community."
Recognized for signature projects such as the Pearl District's
Wieden + Kennedy Building and the Brewery Blocks, Gerding/Edlen
has earned a reputation as a risk-taker whose innovative projects
serve as national models of sustainable urban development.
"The great thing about Gerding/Edlen is that they come
at it from their values," said Glen Gilbert, president
and chief executive officer of the U.S. Green Building Council's
Cascadia chapter. "They truly believe in doing the right
thing for sustainability, for the environment and for Portland.
As it turns out, it's great business."
Edlen said the company's expertise creates an "exportable
opportunity."
Gerding/Edlen is developing a pair of 42-story condo towers
in Bellevue Wash., and, through a joint venture with Williams
& Dame Development of Portland , a mixed-use project called
South Park in L.A.
"Portland has a lot of expertise and experience that
a lot of other cities don't have in terms of sustainable urban
design," Elden added.
Gerding/Edlen's managing partners Mark Edlen and Kelly Saito
said they are a bit surprised by the degree of the firm's
success.
"We never had a business plan - we still don't have
a business plan" Elden added. "We didn't even have
an organizational chart until recently, and we had to do that
because the growth has been so crazy."
He said the key to their success is "extremely high
trust" in each other.
"When I describe us I say we're really just a bunch
of deal junkies, and I think what gets us excited is when
people say, 'You can't do that,'" Edlen said. "Bob
(Gerding) is probably one of the best big-picture thinkers
I've ever seen in my life."
Edlen, Saito and Gerding, all former real estate brokers
who grew up in Portland, have watched their company's portfolio
evolve from primarily build-to-suit corporate offices to sustainable
urban development. The firm's growth is guided by a shared
commitment to environmentally responsible projects, unique
structures that complement their surroundings and collaborative
partnerships that strengthen a city's attributes.
"Our biggest concern is how we all add to the community
rather than how we can win a project," Elden said. "If
XYZ company does a great project, it benefits all of us."
Saito added: "It all goes back to our desire to raise
the design bar. If it was about competition, it would go to
the lowest common denominator."
Edlen and Saito acknowledge the company's development strategy
often makes already complex ventures even more difficult.
For example, when Gerding/Edlen decided to create the Brewery
Blocks, the firm had to cobble together financing because
the project was considered such a risk.
"We had a lot of Wall Street people come through and
say, 'Why don't you just level all of the buildings, even
the historic ones?'" Elden said. "We had other people
tell us they wanted 10-story, above-ground parking there.
There were a lot of people who said we were nuts and they
were probably right. You almost have to have blind faith in
your team."
As Gerding/Edlen moves ahead, two distinct development trends
lie on the horizon.
"I think there's going to be much more of a sense of
design and place-making and the inclusion of cultural opportunities
that attract more people," Edlen said. "And the
issue of how we're using our resources is only going to get
bigger and bigger."
Though sustainable design is gaining prominence, the industry
must do much more to promote it, he added.
"We are fairly frustrated because we believe we need
to be reaching farther faster," Elden said. "A lot
of times we feel like we're out here on our own."
Saito said notes that foresight is essential as future development
occurs.
"So much of what we do is reacting to the demands of
the baby boomers, but so much of that transcends to the echo
boomers and beyond," he added.
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The Meriwether
The Armory
The Casey
John Ross Condominiums
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