LiveHarrison.com will show sample views from the three high-rise towers and allow interested buyers to join the Priority Interest List.

PORTLAND, Ore. – November 28, 2005 – Harrison, the new residential community formerly known as the Portland Center Apartments, has launched its Web site, www.LiveHarrison.com, where prospective buyers can join the Priority Interest List. Only current residents and interested buyers who join the Priority Interest List will have an opportunity to purchase a unit in the first phase. The first condominium units in the Harrison will be available for purchase by spring of 2006 and ready for move-in by summer 2006.

The developers of Harrison also announced that starting prices for units in the first phase will begin at $175,000 for a one-bedroom, $225,000 for a two-bedroom, $350,000 for townhomes and $550,000 for penthouses. The pricing gives the project appeal both to first-time home buyers and to those looking for luxurious urban living. The majority of the units are expected to sell in the $175,000 to $550,000 range. Discounted prices and advance purchase options will be offered to current residents.

"We are delighted at the interest we've seen so far in this new home-ownership opportunity in the heart of Portland," said Scott Stehman of Reliance Development, who is leading the project. "Via our new Web site, prospective buyers can check out floor plans, join our Priority Interest List and even see examples of the stunning views they can enjoy from Harrison."

Harrison's three high-rise towers, ranging from 22 to 25 stories, will be remodeled in phases, beginning with the units in the top half of Harrison West (255 SW Harrison Street). One tower will be fully renovated every 14 months, with final completion slated for September 2008. Interior finishes will include hardwood floors, granite kitchen counters, stainless-steel appliances and new bath fixtures and treatments. All common areas, including the beautiful external grounds, will be enhanced.

Unlike many new projects now under construction, prospective residents at Harrison will be able see the unit – and the view – they are buying. In fact, LiveHarrison.com lets visitors experience sample views from low, medium and high floors in the project. Floor-to-ceiling windows and a large balcony off the living room offer ample natural light and a variety of sweeping vistas. Penthouse units offer two to three balconies, and the ground-floor townhouses have wood-burning fireplaces.

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