The development giant purchased land in Old Town Chinatown for $2.6 million.
The development giant purchased land in Old Town Chinatown from the PDC for $2.6 million.
Gerding Edlen’s project calls for 60 apartments, 80,000 square feet of commercial space and another 5,000 square feet of retail. The property is along Northwest Naito Parkway between Northwest Couch and Northwest Davis Streets.
The estimated $37 million project is another step for the urban renewal agency in selling off its moribund or underused property in Portland’s oldest neighborhood to bring people and jobs to the area, one of the key objectives outlined in a recently approved five-year vision for the neighborhood.
Read more at OregonLive.com
