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3/28/22
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Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and an average unit size of 670 sf. The community amenity package will offer a fitness center, yoga studio, clubhouse with kitchen and lounge, rooftop deck and 230 bicycle parking stalls. Residents will also benefit from the 16k sf developed public square and the adjacent public park. The project will include 11.5k sf of ground-floor retail.
Situated in the Slabtown neighborhood of Portland at 2070 NW Quimby St, the location offers residents walking distance to all neighborhood amenities. The community is within walking distance to retail corridors, NW 21st and NW 23rd Avenues, and job opportunities in the Pearl District and Portland CBD. Approximately 141,636 jobs can be accessed by quick transit or walk. Additionally multiple grocers are within a five-minute walk from the property, including New Season Market, Safeway and Trader Joe’s. The Max-Line is a 15-minute walk from the property and a bus stop is located across the street.
Casey Davidson, Charlie Watson, Ira Virden and Mark Erland with JLL arranged the four-year, floating-rate construction loan through a large money center bank. JLL also secured the joint venture equity through an institutional investor.
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