According to the Portland Daily Journal of Commerce, construction work has now resumed at the Waterfront Pearl Project.
In case you didn't know, Hoffman Construction had not been paid for several months of construction activity during a period of time when the developer was renegotiating his financing package with his lenders. As a result, Hoffman stopped work and filed liens against the complex. This problem further resulted in buyer purchases being held up until the cloud hanging over the project was cleared.
The developer has now apparently received new financing and Hoffman is back on the job. Remaining tasks involve completion of the water feature surrounding the two building and general repair/touchup.
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