Ladd Tower is a 23-story residential building in Portland, Oregon completed in early 2009. The construction of Ladd Tower caused the Ladd Carriage House to be moved from its foundation, returning in October 2008. Holland Residential manages the building, which also has commercial space on the ground floor. The main residential tower also shares space on the first through third floors with a church next door. The tower is Leadership in Energy and Environmental Design-certified. The tower was originally slated to sell as condominiums. Only 60 of 200 units were presold. In 2007, Opus Northwest converted the project to rental apartments, returning deposits to approximately 60 buyers. The building was redesigned, with shorter ceilings, leaving the overall building height unchanged, but going from 21 to 23 floors. The apartments were smaller, at 343 apartments, versus 189 condos in the original plan. The original design of the tower put the building flush against the South Park Blocks. A 27-foot setback beginning at the fourth story caused "unanimous approval from the Portland Design Commission, a dramatic turnaround from icy receptions to two earlier proposals" according to The Oregonian. A local developer called it a "low-ego building". The building is named after early local politician and developer William S. Ladd.