Riverplace Parcel 3 (2 buildings) | 6 and 13 floors | 140’-10” | Complete

[maccoinnich]

Emphasis mine.

Conflict? Gerding Edlen seeks city deal; CEO on city board



Building design for RiverPlace project by Gerding Edlen and REACH Community Development.


By Brad Schmidt | The Oregonian/OregonLive

Portland's newest urban renewal commissioner, Mark Edlen, could hardly contain his enthusiasm.

It was January, and Portland Development Commission staff members wanted guidance from the agency's appointed board about how to develop city-owned land just south of downtown.

"I'm really excited about the site," board member Edlen told staff during a meeting. "It's a killer site."

....

Gerding Edlen's proposal is remarkably similar to the project that Edlen described in January.

It includes a 30,000-square-foot grocery store and 200 units of housing for low-income renters in one building. Separately, 100 units of workforce housing would be constructed in a second building, with 20 of those for lower-income renters.

Gerding Edlen would serve as the lead developer, but REACH Community Development would develop, own and operate the 200-unit building.

.....

Gerding Edlen is competing against two other well-known development teams.

Influential developers Homer Williams and Dike Dame – who also helped remake the Pearl and the South Waterfront – have proposed a similar mixed-use project with BRIDGE Housing Corp. It includes a grocery store, 162 units of market-rate housing and 203 units of affordable housing.

Capstone Partners, which developed Grant Park Village, has proposed a deal involving Innovative Housing Inc. and Home Forward, the housing authority that serves Multnomah County. The project would feature 110 market-rate units and 215 units of affordable housing.

Capstone offered the most specificity about its retail plan. "Fred Meyer wants to be here and is thrilled to be part of a much larger project," the proposal reads.

...continues at the Oregonian.