Nonprofit Williams & Russell CDC and its development partner, Adre, are set to break ground on 20 affordable townhomes in Portland, Oregon.
The townhomes are the first phase of a larger housing development. Construction is set to begin on the townhomes later this week. They are expected to be ready by the first quarter of 2027, reported the Portland Business Journal.
Ten of the homes will be two-bedroom townhouses, and 10 will have three bedrooms. Four homes will have an accessible, ground-floor unit attached to the two-story home above, bringing the total planned homes to 24. Each of the 20 townhomes will have an on-site parking stall and a private outdoor patio.
Williams & Russell President Bryson Davis noted the idea for townhomes came from community input. “It’s been our goal throughout the process to build something the community feels like it needs and build something the community wants as far as meeting that need,” said Davis.
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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