A Los Angeles development firm has purchased a vacant South Waterfront site where it plans to build a six-story apartment building, its first foray into the Portland market.
The project was first proposed by Seattle-based Harbor Urban in April. Nine months and a merger later, the recently formed Mack Urban said Wednesday it’s moving ahead with the project at 3700 S.W. River Parkway under its new banner.
The group bought the 1.67-acre parcel from South Waterfront developer Williams & Dame Development for $7.05 million. It’s still early in the project’s design phase, which was put off while the merger was in the works, but plans call for 281 for-rent apartments and 250 parking stalls.
The development is the first in Portland in Mack Urban’s portfolio, which also includes properties in Los Angeles and Seattle. But its leaders have ties to the Portland area, including Managing Director Jim Atkins’ time working for Williams & Dame on the master plans for the Pearl District and the South Waterfront.
Read More – — Elliot Njus – Oregonlive.com