Portland Multifamily Is Booming
Multifamily projects are popping up all around Portland. Check out these four upcoming properties.
On the north end of the Pearl District, NV Portland is a 26-story apartment tower that will receive its first residents in September. Its 284 apartments come in one- and two-bedroom configurations and start at $1,865/month for 710 SF. The building will offer residents an outdoor terrace with fire pits, a water feature, game areas, a covered barbecue, and a dog run and wash area. It will likely achieve LEED Gold certification, featuring a private underground parking garage with spaces for electric vehicles, an eco-green roof, and bike parking complete with a fix-it station.
Already-established Grant Park Village is putting up a second phase, estimated to cost $40M. It will add 167 units to the complex’s existing 211, which Capstone Partners principal Jeff Sackett told us in June were 95% leased. The second phase will be completed in early 2018.
Luxury has landed at the Burnside Bridgehead in the form of YARD. The tower’s dark exterior mirrors its interior finishes, which include custom-made quilted stainless steel backsplashes and black granite countertops. Hoping to achieve LEED Silver certification, YARD is near the iconic Burnside skatepark and provides city, mountain and river views. Units are available in studio, one- and two-bedroom configurations, going for a minimum of $1,586/month for a 504 SF studio.
North of the Fremont Bridge, Rivàge will offer breathtaking waterfront views as the former location of the Port of Portland’s Terminal One South. Developer Fore Property Co is putting up two buildings, one of which will be C-shaped to allow for a courtyard facing the river. Its 250 units will be spread over six stories and will offer high-end interior appointments, a roof terrace and a yoga studio.
