A new affordable housing project is planned for Southeast Portland.
Upright Development Works, a Portland-based developer, is looking to build a seven-story, 71-unit apartment project at 3314 S.E. Powell Blvd. The company is set to meet with the city of Portland to discuss the proposal before submitting for permits, reported the Portland Business Journal.
The Dawn apartments will be for households making between 60% and 80% of the area’s median income. The building will use mass-timber for construction and be comprised of one-, two- and three-bedroom units. The building will also have 22 parking spaces and around 2,000 square feet of commercial space that will be used as a food hall.
Upright Development Works’ building design will use sustainable energy systems, including radiant floor heating and cooling. Rooftop solar panels will also be used to power the common areas. The firm is also looking to bring more housing developments to the Portland metro using mass timber construction.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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