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PORTLAND -- Wind turbine company Vestas announced Wednesday that its American corporate headquarters will move to Portland's Pearl District.

The company will move into a renovated historic building that used to house a Meier & Frank warehouse on NW Everett Street that will incorporate the latest green-building methods.

Construction will start in October with the company moving in in 2012. The move was made possible by a loan from the Portland Development Commission. Gerding-Edlen Development will partner with Vestas on the project.

Development cost was estimated at $66 million.

The building will house 400 Vestas employees now located in several locations around Portland. The renovated offices can hold 600 workers, ultimately 850 with the conversion of second-floor parking to office space.

We are making a long-term commitment to Portland, said Martha Wyrsch, president of Vestas-American Wind Technology, Inc. As a company devoted to wind power, it makes sense for us to be part of a community that so strongly supports clean energy.

The Danish-based company first opened offices in Portland in 2002.

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