Wednesday, March 07, 2012
A proposed 780 unit "superblock" in Portland's Lloyd District would add much-needed housing to the commercial and office area, developers say.
“If you walk in the neighborhood, you’ll notice a lot of people walking around and going to lunch, but at night and on weekends, it’s not very active,” said Lucas Posada, designer for GBD Architects, which is handling the project. “It’s something this area really needs – (it’s) not just commercial and office space. It will really help stitch the other east-side neighborhoods together.”
The plan calls for construction of four towers, which would hold 820,000 square feet of residential space and 50,000 square feet of retail space, where parking exists now. Additionally, the property – bordered by Northeast Multnomah and Holladay streets and Seventh and Ninth avenues – has 240,000 square feet of existing office space, primarily in the Lloyd 700 Building.
Read more at The Daily Journal of Commerce.