Photo: Menashe Properties
A new era begins for Montgomery Park, one of Portland’s most iconic office buildings. Menashe Properties recently completed a major round of capital improvements following its acquisition of the 100-year-old landmark in August 2024. A new fitness center, renovated event spaces, new and expanded leases, and new food and beverage offerings are modernizing the property and positioning it as a vibrant hub for businesses and the community.
“Investing in Montgomery Park’s future as a community space is a special opportunity,” said Lauren Menashe, principal at Menashe Properties. “It’s one of Portland’s most beloved buildings. These improvements allow it to shine again as a place where business, creativity, and community come together.”
Capital improvements enhance tenant, community experience
The upgrades blend historic character with modern design, and include a fully renovated first floor with new lighting, decor, flooring, and furniture. Visitors to Montgomery Park will find an inviting first floor with live music daily, comfortable seating, and cozy nooks suitable for work or socializing. Outdoor enhancements include a new putting green and outdoor furniture, creating a lively space for people to gather.
The building’s 9,000-square-foot banquet and event space has been reimagined with new lighting, flooring, and décor, and will serve as a modern venue for tenant and community events.
Leasing momentum, current tenants expand
More than 50,000 square feet of new leases have been signed in recent weeks, including OnPoint Community Credit Union’s 24,000 square-foot expansion of its headquarters.
“OnPoint has been proud to call Montgomery Park home since 1989, and we’re thrilled to be part of its next chapter,” said Tory McVay, senior vice president and chief retail officer of OnPoint Community Credit Union. “Our headquarters expansion at Montgomery Park is part of our ongoing commitment to Portland and the downtown core. It’s exciting to see these investments energizing the building for the broader community.”
Menashe Properties also opened a 5,000-square-foot fitness center this month, exclusively for Montgomery Park tenants. The facility has all-new equipment, modern locker rooms with showers and towel service, plus a dedicated spin studio and a yoga space.
New food and beverage options
A new partnership with Elephants Delicatessen will enhance the building’s event offerings. Elephants will exclusively manage all building events and catering, with flexibility for tenant-driven gatherings.
“We want the community to know we’re open for business and would love to host their next gathering,” said Lauren Menashe. “Partnering with Elephants ensures an elevated dining and event experience that reflects the quality and hospitality we envision for Montgomery Park.”
The transformation also includes the upcoming arrival of Roseline Coffee, a local specialty coffee and tea purveyor. Roseline plans to open its eighth café ahead of Thanksgiving on the ground floor at the east entrance of Montgomery Park, next to Fieldwork Flowers.
“We decided to pursue a partnership with the Menashe family because of our shared values and affection for this iconic building,” said Keith Schuman of Roseline Coffee. “We’re thrilled to bring Roseline’s distinct aesthetic, elevated hospitality, and diverse beverage program to Montgomery Park.”
With new partners like Roseline Coffee and new investments underway, Menashe Properties is bringing to life its vision for Montgomery Park – a dynamic mix of business, wellness, and public spaces to enrich the community.
Source: Menashe Properties