I snapped a picture of this building and then did some research on what’s happening with it. As usual the Next Portland site was very helpful.
1727 NW Hoyt was originally built as a maternity hospital, most recently was an office building and has been vacant since 2007. In 2014 the developer applied for a demolition permit, but was rebuffed. The most recent update is from 2015, with talk of converting it to boutique hotel rooms. It’s certainly got good parking for that purpose. However, the time that has passed has me wondering if that is what will come to pass.