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18 November 2021 • Press release
Lake Oswego to Celebrate Groundbreaking of Frances
First All-Penthouse Community in Lake Oswego Sets New Standards of Luxury Living in the Pacific Northwest
LAKE OSWEGO, OR – Hugh Development and LUXE Christie’s International Real Estate jointly announce that construction has commenced on an all-penthouse luxury condominium community in Lake Oswego. The project, located at 21 D Avenue in Lake Oswego, is poised for completion by the end of 2022.
Hugh Development, a Portland-based real estate development firm known for energizing neighborhoods with artistically designed buildings, unveiled its plans for the high-end luxury residence at an invitation-only gala event in Lake Oswego on November 18, 2021.
“We are so pleased to be offering this new real estate addition to the highly cultured and affluent community of Lake Oswego,” commented Mark Vuong, co-founder and principal at Hugh Development. “Its presence will be the first-of-its-kind residential property in Oregon – the likes of which have never been seen in the Pacific Northwest.”
“As the market leader in luxury properties, we are thrilled to be playing an integral role in the development of Frances,” commented Terry Sprague, broker and chief executive officer at LUXE Christie’s International Real Estate. “Being a long-time industry expert in the area, I can truly attest to the desire and demand for such an opulent condominium community in Lake Oswego.”
The 2,000 square foot floor plans of the 16-unit penthouse community are uniquely designed, creating a personalized feel to the collection of residences. Each unit will feature two bedrooms, two bathrooms and a powder room. The exquisitely designed kitchens will include a book-matched counter to ceiling or full height statuary marble backsplash, customized flush inset cabinets, quartz countertops and a sculptural fluted kitchen island, all equipped with only the finest appliances including two Bosch dishwashers per residence, SubZero Pro Series refrigerators and Wolf gas ranges.
Other high-end amenities at Frances include breathtaking views of the Willamette River and Mount Hood and expansive private terraces. Residents of the community will enjoy the use of deluxe spaces including a stunning rooftop terrace, an upscale clubhouse, an expansive lobby, and an art-infused courtyard.
“My vision for Frances was to create the finest luxury urban living with the highest quality architecture in Lake Oswego,” said Gary Reddick, renowned architect and director of design at OTAK. “More specifically, I think of the building as a village within a village, where its residents will experience the richness of becoming a part of a truly special community.”
“Simply put, my intention was to create a collection of bespoke penthouses, individually crafted to create a very customized feel,” said Elizabeth Raftopoulos, interior designer for Frances. “The residents are uniquely designed with a thoughtfully curated selection of materials, finished and carefully selected details in accommodating and luxurious spaces.”
Located in the heart of downtown Lake Oswego, only a few miles east of Interstate 5 and Highway 217 and just off Highway 43, the property offers an easy commute to downtown Portland, nearby employment and some of the best schools in Oregon. The walkability to a bounty of high-end stores, boutiques, athletic facilities, restaurants, Tryon Sate Park and a celebrated farmers’ market significantly contributes to the appeal of Frances.
“Our mission is to create a luxury community that is second-to-none in the state of Oregon,” said Andrew Clarke, founder and principal at Hugh Development. “From the impeccably designed condominiums to the immaculate surroundings, Frances is positioned to be one of the most sought-after real estate investments in the Portland metro area."
About Hugh Development
Hugh Development is a Portland, Oregon-based Professional Real Estate Development firm with a passion for energizing neighborhoods with artistically designed buildings that fulfill unmet needs and help areas reach their full potential. The company is an Oregon-certified Minority Business Enterprise (MBE) and Emerging Small Business (ESB) that prioritizes building in diverse neighborhoods and extending opportunities to an equally diverse group of employees, partners, subcontractors and vendors. Hugh Development is one of the top emerging Real Estate Development firms in the Portland Metro Area, having recently delivered Kaya Camilla Apartments and The Kenton Hotel with five additional substantial projects in the pipeline. For more information, please visit www.hughdev.com.
About Christie’s International Real Estate
Christie’s International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its New York City brokerage and invitation-only Affiliate network spanning 48 countries and territories, Christie’s International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market. The company has offices in London, New York City, Hong Kong, Los Angeles, and Palm Beach, and its affiliated brokerages have recorded approximately US$500 billion of real estate transactions over the last five years. (Data as of September 30, 2021.) For additional information, please visit christiesrealestate.com.