Monday, September 9, 2013

Groundbreaking on largest-ever multifamily project in Portland set for Sept. 17

Apartment construction
The San Diego-based American Assets Trust plans construction of a trio of buildings on three adjacent "superblocks" in the Lloyd District. With 670 units, the Lloyd District project will be the largest single multi-family project in Portland history. The only larger project in the entire Portland metro area is the 711-unit affordable housing project Quatama Crossing in Beaverton.

This project will be the largest single multifamily project in Portland history. Some work has already started at the location but official groundbreaking set for Sept. 17.  The trio of buildings vary, and include:

  • A five-story building with possible ground-floor grocery store, and four floors of apartments above.
  • Six-story apartment building with ground floor retail
  • 21-story apartment with retail facing the MAX line on Holladay street.  

The projects would include 1,200 underground parking stalls.
Read coverage in The Oregonian.

Slated for Construction - Burnside Bridgehead
E. Burnside Street Bridgehead includes "Block 67" between 2nd and 3rd scheduled for construction in early 2014.  Key Development plans four floors of structured parking, one floor of commercial/amenity space, and 16 floors of market-rate residential apartments. Nearby "Block 75" includes two 1/4 block, seven-story towers with affordable work and live-work space.

Trending in Living - Students Renting By The Bed
Last week, the Pacific Northwest College of Art opened ArtHouse, a 130-bed student residence that rents by the bed in apartment units consisting of varying numbers of bedrooms. A similar project opened about a year ago -- the 16-story 980-bed University Pointe at College Station near PSU.

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