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

[maccoinnich]

RiverPlace's final block begins to come online



While the South Waterfront has had some of the highest numbers of boom cranes hanging over it, of all the Portland neighborhoods in the past decade, it's still seemed underdeveloped and cut off from the rest of downtown.

But that's all changing as the district's masterplan comes to fruition. A two-building development is currently in closing mode at the final block that completes RiverPlace in the South Waterfront, with subbids being reviewed by Hoffman now.

Kim McKay, executive vice president of BRIDGE Housing, is the developer on the project.

...continues at the Business Tribune.

[innovativethinking]

Meh another more of the same looking infill type of building

[urbanlife]

It is a good addition, though I am more excited about all the redeveloping they might do just north of these two buildings.

[innovativethinking]

Originally Posted by urbanlife

It is a good addition, though I am more excited about all the redeveloping they might do just north of these two buildings.

Looks like any other addition that they have along williams st

[MarkDaMan]

Originally Posted by innovativethinking

Looks like any other addition that they have along williams st

Williams is awesome! I'm always amazed at how quickly that neighborhood is urbanizing. It's fantastic at street level! Yet, I don't think I've seen a 13 story building going up down there.

This development is going to fill out the area nicely, blessedly blocking the PGE substation, and provide much needed "affordable" units.

[urbanlife]

Originally Posted by innovativethinking

Looks like any other addition that they have along williams st

And the development along Williams has been pretty amazing. This will fit into the Riverplace area now, and even more so in the future if the redevelopment happens.

[bvpcvm]

Originally Posted by MarkDaMan

This development is going to fill out the area nicely, blessedly blocking the PGE substation, and provide much needed "affordable" units.

I think they might be moving that substation to under the Marquam on-ramps!

https://www.portlandmaps.com/detail/...did/?p=R128841

[maccoinnich]

Originally Posted by bvpcvm

I think they might be moving that substation to under the Marquam on-ramps!

https://www.portlandmaps.com/detail/...did/?p=R128841

That sure would be nice, but per this article it looks like the Marquam Substation project is actually replacing equipment over by OMSI.

[urbanlife]

Originally Posted by maccoinnich

That sure would be nice, but per this article it looks like the Marquam Substation project is actually replacing equipment over by OMSI.

Which that would make sense because of OMSI wanting to realign the road to go through the current substation. Who knows, maybe they will combine the two into one, that would make sense without knowing the details of how substations work.

[Derek]

Damn, this entire time I thought the substation being built on SW Water was replacing the substation next to Riverplace. Oh well, I’m sure it’s time will come eventually...

[2oh1]

Originally Posted by MarkDaMan

Williams is awesome! I'm always amazed at how quickly that neighborhood is urbanizing. It's fantastic at street level! Yet, I don't think I've seen a 13 story building going up down there.

It's always easy to tell the difference between people who care about living in a city versus people who just want better postcard photos.

Originally Posted by MarkDaMan

This development is going to fill out the area nicely, blessedly blocking the PGE substation, and provide much needed "affordable" units.

My thoughts exactly.

I'm really excited about this being built. The design isn't bad, but I'd prefer something timeless rather than trendy, especially for the taller building. As long as it doesn't end up looking cheap I'll be happy.

[Leo]

Originally Posted by innovativethinking

Meh another more of the same looking infill type of building

South Waterfront doesn't really lack buildings. What it lacks is a pedestrian connection to the rest of the city. It almost doesn't matter what they build along the stretch between SoWa and Riverplace, as long as it has a sidewalk and some storefronts ...

[MarkDaMan]

Portland to decide whether to help subsidize low-rent housing along Southwest waterfront
Updated 10:41 AM; Posted 5:06 AM
By Jessica Floum jfloum@oregonian.com
The Oregonian/OregonLive

http://www.oregonlive.com/portland/i...art_river_home

Some of Portland's lowest earners could soon live steps from the city's desirable Southwest waterfront.

The Portland City Council is slated to decide Wednesday whether to spend $21.6 million to subsidize the development of an apartment complex that would offer deeply discounted rents.

Mayor Ted Wheeler and Housing Director Kurt Creager say the council should spend urban renewal funds to build a 13-story building with 203 low- and super-low-rent apartments on Southwest River Parkway just north of the Marquam Bridge.

In 2015, the city selected Bridge Housing Corporation's proposal to complete the project. The developer proposed building one tower of affordable housing and another with market rate housing on the property.

If approved, the affordable tower will include 90 units affordable to individuals and families making 30 percent or less than the median family income, or about $16,000 for a single person. The rest would be affordable to those making up to 60 percent of the median family income.

The project is expected to cost about $86 million, with federal tax credits and tax-exempt bonds accounting for more than $45 million.

It "is a significant commitment" to Portland's lowest-income residents, including those recently homeless or at risk of becoming homeless, Creager said.

...(continues)

[urbanlife]

Originally Posted by MarkDaMan

Portland to decide whether to help subsidize low-rent housing along Southwest waterfront
Updated 10:41 AM; Posted 5:06 AM
By Jessica Floum jfloum@oregonian.com
The Oregonian/OregonLive

http://www.oregonlive.com/portland/i...art_river_home



...(continues)

So I am a little confused here, is the original plan not happening or are they just making one of the buildings be low income? It would seem odd that the larger building be done at below market rate and then only building a smaller building of market rate units.

[tworivers]

Originally Posted by MarkDaMan

Portland to decide whether to help subsidize low-rent housing along Southwest waterfront
Updated 10:41 AM; Posted 5:06 AM
By Jessica Floum jfloum@oregonian.com
The Oregonian/OregonLive

http://www.oregonlive.com/portland/i...art_river_home



...(continues)

Brutal. I really hope this moves forward -- both phases.

[Derek]

Orange fencing has gone up around this site and there is also a crane of some sort but I didn’t get a good look at it so I’m not sure exactly what it was.

[maccoinnich]

Affordable housing project coming to Portland's RiverPlace district

More than 203 affordable apartments are on their way to Portland's RiverPlace district after ground officially broke on the project this morning.

BRIDGE Housing, the San Francisco nonprofit affordable housing developer behind The Abigail in Northwest Portland, held a groundbreaking ceremony today for the first phase of its RiverPlace Parcel 3 project. The development, at 2080 S.W. River Dr., will consist of 203 affordable apartments.

Ninety of the units will be reserved for households earning up to 30 percent of the Median Family Income, which is up to $17,940 for a family of two. Ten of those will be reserved for homeless veterans. The rest of the units will be for households earning up to 60 percent of MFI or $44,820 for a family of four.

...continues at the Portland Business Journal.

[tworivers]

[WestCoast]

^^^^^

Thank god. That gravel lot was an eyesore for many years.
So glad to see it gone.

[MarkDaMan]