Four seven-story buildings proposed for Portland’s South Waterfront area could bring as many as 1,200 new apartment units and 14,000 square feet of retail space, city records show.
California-based Prometheus Real Estate Group wants each of the four buildings to have between 200 and 300 market-rate apartments, between 150 and 250 parking spaces and about 3,500 square feet of retail space. The developer is working with Portland-based GBD Architects to design the project and has a preliminary meeting Aug. 18 with city planners to discuss the proposal.
On its website, Prometheus describes itself as “the largest private owner of multi-family properties in the San Francisco Bay Area.” It already operates four apartment buildings in Portland and two in Beaverton.
The site, owned by Prometheus, lies south of the existing condo towers, between the Willamette River, Southwest Bond Avenue, Southwest Lowell Street and Southwest Lane Street. A Portland Streetcar line travels