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The Portland Historic Landmarks Commission on Monday approved plans to add 165 apartments to the historic Honeyman Hardware block, in the Pearl District.

The development, known as the Philip Apartments and undertaken by Fields Holdings, will create an eight-story building on the block鈥檚 eastern half, at 555 N.W. Park Ave. The block includes the Bindery Building, the Metro Building, and the Cotter Building. Some of the Philip will require eight stories of new construction and some will require six stories of new construction above the two-story Bindery Building.

During Monday鈥檚 hearing, TVA Architects presented the third iteration of plans for the Philip. Initially, a 23-story high-rise was proposed, but that was deemed 鈥渙verwhelming鈥� by commissioners. The team then returned before the commission for another design advice hearing to propose three scaled-back versions, with the preferred concept being an 11-story building. However, developer Eran Fields said during Monday鈥檚 hearing that the amount of concrete required for a building of that height wouldn鈥檛 be financially feasible unless the building was at least 16 stories.

Instead, at eight stories, the Philip will be on par with the Cotter Building, which commissioners praised.

The approximately 172,000-square-foot addition will feature ground-floor retail space, a residential lobby, and amenities such as an indoor, half-court basketball area, a large exercise room, and a spa. Additionally, there will be two levels of below-grade parking with 107 vehicle stalls. The Philip and the Cotter will connect via the parking garage, but they will otherwise be separate buildings with a total of 230 apartments.

The historic block, the Honeyman Hardware Company Building, is listed on the National Register of Historic Places. The 111-year-old Cotter Building, also referred to as the Honeyman Warehouse, is the oldest structure on the site. Initially a warehouse for the Honeyman Hardware Company, it gained a two-story penthouse in 1989, when it was added to the national register. The adjacent Bindery Building was constructed in 1920 and served as the Honeyman Hardware store, office, and print shop.

As part of the project, the Metro Building (also known as the Stables Building, on the northeast corner of the block), which no longer retains its historical nature, will be removed. Additionally, a portion of the Bindery Building will be demolished. However, the historic brick facades along Northwest Park Avenue and Glisan Street will be preserved.

TVA Architects principal Bob Thompson said the project team will address the remaining historic exteriors by only refreshing the paint in specific areas and cleaning the brick.

鈥淭hose buildings are in incredible shape,鈥� he said, 鈥淚 mean, they鈥檙e dirty, but they鈥檙e really in fabulous shape.鈥�

Plans call for using vinyl window systems for the Philip鈥檚 upper-story residential units. Commissioner Kristen Minor expressed concerns about the life span of vinyl windows, citing research that suggests they last around 20-25 years. Thompson said the team is looking at three options for the windows, and all would be reinforced with steel.

鈥淭hey鈥檙e not vinyl in the sense of the old like the VPIs where you could move them with your fingers,鈥� he said. 鈥淭hese are really a high quality.鈥�

The addition will also include aluminum and glass storefront systems at the ground level, composite metal panels, and brick cladding.

Despite the development being scaled back in each iteration, Fields expressed satisfaction with the one that gained approval.

鈥淚 think we ended up with a project that is the best version that we have proposed to date,鈥� he said.