TMT Development Company, Inc. was founded by Thomas P. Moyer. Originally in the movie theater business, Moyer began focusing on real estate development in the late 1980s. In 1988 TMT Development and the Hillman Group partnered to develop the 1000 Broadway Building, a 24-story office building located in the heart of downtown Portland located just a few blocks from Pioneer Square and across the street from the Arlene Schnitzer Concert Hall, the building opened in 1991 and today is home Hart Wagner, LLP, Travel Portland, and Springbrook Software. After its development, Hillman Group later sold their interest in the building to TMT Development, making it the first office tower TMT both owned and operated.
The Fox Tower was the next major development project from TMT Development breaking ground in 1998 and opening in 2000. The 27-story Fox Tower was designed by TVA Architects and was named after the Fox Theater, which formerly occupied the site. At the time of its construction the Fox Tower's underground parking structure was the deepest in Portland.
Park Avenue West is currently under development. Located one block northwest of the Fox Tower, Park Avenue West will stand 30-stories tall and have a five-floor underground parking garage when completed. Park Avenue West was designed by TVA Architects and is being constructed by Hoffman Construction.
In 2002, Moyer's granddaughter Vanessa Sturgeon joined the company as President, focused on guiding the company's growth and expansion from one generation to the next. In recent years TMT Development has focused on sustainability and has aimed to be a leader in eco-friendly development. As part of TMT Development's Environmentally-Conscious Organization Initiative ("ECO" Initiative) the Fox Tower is scheduled to achieve a LEED Gold certification prior to the end of 2012. The Park Avenue West is also pre-certified as LEED Platinum, a level that TMT is committed to maintaining for the building.