The Zidell family, the owner of 33 acres of South Waterfront land slated for development, has proposed a $20 million 118-unit apartment building aimed at young professionals and Oregon Health & Science University employees and students.
The seven-story building would be located at the corner of Southwest Moody Avenue and Southwest Grover Street near the foot of the Ross Island Bridge. It would include four retail storefronts and space for two restaurants on the ground floor.
“There are major changes coming in the district,” said Matt French, the managing director of the Zidell family’s ZRZ Realty. “All these things kind of together led us to think it’s an opportune time for building this project.”