Market dictates Pearl housing plans

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Tuesday, June 19, 2012

Development is driven by demand, and Astor Pacific’s latest project in the Pearl District in Portland is no exception.

Company officials are hoping to break ground in September on a six-story, 177-unit apartment building called The Parker. Approximately 25 percent of it will be junior one-bedroom units roughly 500 square feet, 50 percent will be one-bedroom units around 600 square feet, and 25 percent will be two-bedroom units between 1,000 and 1,100 square feet.

Read more in today's Daily Journal of Commerce.

 

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OBM-Heppner-Kaplan thumbBY JASON KAPLAN

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0315 input01 620px

 

Reader comments:

"I feel private enterprises are capable of operating at a higher efficiency than state government."

"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."


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bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

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