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RiverPlace Parcel 3 Breaks Ground in Downtown Portland

Affordable Housing Project to Add 203 Units to Portland’s RiverPlace
February 21, 2018
A partnership between the Portland Housing Bureau and Prosper Portland, an economic and urban development agency, started construction on RiverPlace Parcel 3 multifamily community at 2095 S.W. River Pkwy. in Portland, OR.

The partnership secured financing for the $83.9 million project through the Oregon Housing and Community Services, Home Forward, the U.S. Department of Housing and Urban Development (HUD), National Equity Fund, Inc., KeyBank Community Development Lending and Barings Multifamily Capital.

RiverPlace parcel 3, which will be developed by the non-profit affordable housing company BRIDGE Housing and Williams and Dame Development, is slated to deliver in the third quarter of 2019.

The 395,000-square-foot community will include more than 200 affordable housing units in Portland’s RiverPlace community, featuring a mix of one-, two- and three-bedroom floorplans. Community amenities include a playground, courtyard, laundry facilities, a community kitchen and classroom, and a conference room.

Ankrom Moisan Architects, Inc. is the architect for the development and Hoffman Construction is serving as the general contractor.
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