Posted Mar 24, 2025, 7:02 PM
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Join Date: Feb 2020
Location: Hillsboro, OR
Posts: 585
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Quote:
Trammell Crow entity planning massive project in Sellwood
Chuck Slothower//March 21, 2025//
A national multifamily developer is moving forward with a major market-rate apartment project in Portland. It’s perhaps the largest such development to enter the city’s permitting process since the pandemic began.
High Street Residential, a subsidiary of real estate giant Trammell Crow Co., proposes to build a seven-story building with 243 apartments in the Sellwood-Moreland neighborhood. The project, known as Sellwood Bluff, would comprise 199,855 square feet in six- and seven-story sections. The apartment mix would range from studios to three-bedroom units, but a majority would be one-bedroom units.
If the team were to advance to construction, it would mark a significant sign of life in private-sector multifamily development. In recent years, the multifamily sector has been dominated by government-subsidized affordable housing as Portland and surrounding cities have leveraged nearly $1 billion in affordable housing bonds to build projects around the region.
Sellwood Bluff would be purely residential. Tenants would enjoy views of Oaks Bottom Wildlife Refuge, the Willamette River and the Southwest Hills. Although city design guidelines encourage the inclusion of ground-floor retail space, the developer and some design commissioners said retail would make little sense in the area.
“This is not a retail part of Milwaukie (Avenue), so I think it’s appropriate to be doing ground-floor residential,” said Brian McCarter, chairman of the Design Commission.
The property, 5515 S.E. Milwaukie Ave., hosts a two-story office building used by LaPorte Insurance. Much of the property is vacant or covered by surface parking.
The parcel, on a ridge overlooking Oaks Bottom, is significantly constrained. The western portion plunges down 50 feet to a public trail leading to Oaks Bottom and the Springwater Corridor Trail. High Street Residential also must deal with high-voltage transmission lines and other obstacles, leaving about 45,000 square feet of the 85,000-square-foot site as buildable area, said Kyle Andersen, principal at GBD Architects, which is designing the project.
“This is probably one of the toughest sites I’ve ever worked on,” Tarlow said. “We’re getting squeezed on all sides.”
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