The latest news of interest to multifamily housing investors in Oregon and Washington.
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Monday, May 14, 2018
City City Council Reverses, Allows 17-Story Apartment in the Pearl
Willamette Week reports that the Portland City Council has given preliminary approval to a revised design of a 17-story, 275-unit apartment building in the Pearl. The Council previously denied the request due to objections from nearby condo owners who would lose their views of the Fremont Bridge and the Pearl District Neighborhood Association. The owners also complained that public sidewalks were too narrow. That was before the project was redesigned and the developer paid the neighborhood association $35,000. Read the whole story.