Interest in 225 SW Harrison, which still has view units available, is bolstered by new owners’ ability to move in starting August ’06.

PORTLAND, Ore.– May 1, 2006 – Harrison, the new residential community formerly known as the Portland Center Apartments, saw first-day sales of more than $30 million for its initial release of condominiums, according to figures from its sales center’s April 22-23 opening weekend. Interest in 225 SW Harrison, which still has view units available, is bolstered by new owners’ ability to move in starting August ’06.

“This overwhelming response proves Portlanders want to live in the heart of the city but don’t necessarily want to wait two or three years to move in,” said Scott Stehman of Reliance Development, which is leading the project. “We now intend to move forward promptly with our remodeling and sales schedule so we can make more options available to potential homeowners.”

About Harrison

Harrison is a unique community, encompassing three high-rise residential towers with 537 condominiums and 24 townhomes in the heart of downtown Portland. Each of the three towers offers floor-to-ceiling windows, with stunning views of the Willamette River, the downtown skyline, the West Hills and Cascade Mountains. Shielded from the urban bustle by a network of tree-lined walkways, lawns and fountains, Harrison also offers easy connections to all corners of the City. Portland State University, Riverplace, Keller Auditorium and the downtown shopping district are within easy walking distance. From the 3rd and Harrison Portland Streetcar stop, residents can quickly connect to the South Waterfront, Willamette River Greenway, OHSU via the Portland Tram, the Pearl District and all the attractions Portland has to offer.

The Harrison development and design team includes firms with strong track records of success. Williams & Dame Development is a leader in urban development and a partner in many of Portland's premier condominium projects. The firm has spearheaded the redevelopment of both Portland's South Waterfront and the South Park neighborhood in Los Angeles. Terry Bean of Bean Investment Real Estate has a long track record as local real estate investor and most recently purchased and converted the Envoy Apartments in the Uptown area. Reliance Development is the leading condominium conversion firm in the region, and also worked on the Envoy project as well as the conversion of the Roosevelt Hotel in downtown Portland.

For further information and to join the Harrison Priority Interest List, please visit www.LiveHarrison.com.

Contacts
John Mangan MAP Communications email or (503) 701-7503