Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
Alliance Residential Acquires Dev Site in Portland’s Pearl District

11/10/16

Alliance Residential Company is moving forward with an upscale res project in Portland’s sought-after Pearl District. The firm paid $5.8 mil for a 30k sf development site and has already broken ground on a new 147-unit, six-story market-rate apartment building known as Broadstone Reveal on the site. The project will also feature ground floor retail.

Located at 1400 NW Raleigh, the site formerly contained an older 28k sf industrial building that has been demolished. The property is positioned at the junction of I-405 and Portland State Route 30, on the southwest end of the Fremont Bridge. The property is just a few blocks from NW Naito Pkwy and minutes to downtown Portland.

The site was sold by Diller Properties LLC, which was represented in the transaction by Gary Griff, Jim Lewis and Paul Carlson of Cushman & Wakefield’s Capital Markets in Portland. According to C&W, the planned residences will be significantly larger than most, and the top floor resident amenity package is promised to be truly unique in the market.

“The site presented a great development opportunity within a transforming neighborhood that is easily accessible throughout the region,” Griff commented. “The Pearl District is a prestigious, highly sought after real estate market which has, in recent years, completed and or is under construction with numerous new high quality multifamily and office development projects. With a need for housing, the community should benefit from Alliance’s new planned use for the property.”






Return to the Archive page


 
 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media