Posted May 7, 2015, 12:32 AM
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Moderator
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Join Date: Jan 2009
Location: Portland
Posts: 7,434
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Quote:
Transit-focused development trend continues as Gateway apartments ready for move-in
Metro's Transit-Oriented Development Program officially added 90 more apartment units to its mix today with the grand opening of the Rose, a four-story development in the Gateway District of Northeast Portland.
Located at the corner of Northeast 97th Street and Everett Place, the two-building development offers a mix of market-rate and income-restricted units, 20 percent of which were pre-leased. It was designed by architect Craig Monaghan, and Gordon Jones was the developer.
Metro's Transit-Oriented Development Program contributed $500,000 to the $10.5 million construction cost, plus $40,000 for a plaza.The program aims to stimulate private and public investment by helping to offset some of the costs of higher-density, mixed-use projects served by transit. The Rose is located close to a MAX light-rail stop.
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...continues at the Portland Business Journal.
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