Greystar breaks ground on residential project in Oregon

WCN Editorial Team 23 Jul 2019 NORTH AMERICA BUILDINGS

South Carolina-based real estate company Greystar has broken ground on a residential development in Portland, Oregon.

The project is Greystar’s first ever in Portland and will include 182 apartments, with 8,000ft² of retail spaces. Construction on the yet-to-named project recently began with the ground breaking ceremony.

Located at the corner of Southwest 18th Avenue and Southwest Salmon Street in Goose Hollow, the project expands Greystar’s presence in Pacific Northwest, which currently includes offices in Seattle and now in Portland.

The site will offer easy access to nearby light rail transportation stops such as Kings Hill Station and provides direct access to downtown Portland. It would also be minutes away from Providence Park, multiple bus stops and the 405-Interstate freeway.

Scheduled to open in 2021, the eight-storey community will include both market-rate and affordable rental residences, under the city’s inclusionary zoning mandate.

Future residents can have easy to access to Multnomah Athletic Club, Lincoln High, and Providence Park, home to Major League Soccer team, the Portland Timbers, and the American professional women’s soccer team, the Portland Thorns.

SERA Architects designed the building and it has taken inspiration from New York City’s Flatiron Building, reflecting a sustainable design with dynamic spaces for its residents.

Greystar Pacific Northwest development senior director Aaron Keeler said: “As the burgeoning city of Portland evolves in its wide array of job offerings and housing demands, we are thrilled to begin construction and bring to market our first of, hopefully, many great projects for local area residents.”

Greystar Pacific Northwest development director Doug Burges said: “At the heart of Goose Hollow’s best amenities and local entertainment, this community will introduce a modern and eclectic address for future residents looking to live in the center of one of Portland’s most exciting neighborhoods.

“We look forward to celebrating the groundbreaking of this momentous milestone for Greystar and for the neighborhood of Goose Hollow.”

Last month, the company conducted a ground breaking ceremony on Hornet Commons with California State University, Sacramento and the university’s non-profit affiliate, University Enterprises.

Designed by Steinberg Hart architects and will be built by Sundt Construction, the project will house 1,100 upper division students in 284 apartment-style units by the start of 2021-22 academic year.

It will comprise six four-storey residential buildings and clubhouse, spanning an area of about 360,000ft².

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Image: Rendering of the new Greystar development in Portland, Oregon. Photo: Courtesy of Business Wire.

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