COMPANY PROFILE
TMT Development Company, Inc. was founded by Thomas P. Moyer. Originally a theater chain magnate, 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, just a few blocks from Pioneer Square, and the building opened in 1991. Hillman Group later sold their interest in the building to TMT Development, making it TMT's first office tower.
The next major development project from TMT Development was the construction of the Fox Tower, which opened 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 Tower is currently under development. Located one block northwest of the Fox Tower, when completed Park Avenue West Tower will stand 27-stories tall and have a five-floor underground parking garage. Park Avenue West Tower 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 placed a focus on sustainability and has aimed to be a leader in eco-friendly properties. As part of TMT Development's Environmentally-Conscious Organization Initiative ("ECO" Initiative) the Fox Tower will become LEED Platinum level certified. When Park Avenue West Tower opens it will also be certified at the LEED Platinum level.
