Developer aims to address need for affordable housing with new apartments in Parkside

A rendering shows the first phase of Avesta’s planned $10 million housing development in Parkside, a four-story building at the corner of Cumberland Avenue and Mellen Street. Rendering courtesy Archetype Architects

Maine’s largest affordable-housing developer wants to build 82 apartments – mostly for low-income residents – in Portland’s Parkside neighborhood, adding badly needed units at below-market rates in a city where gentrification threatens to displace many low- and middle-income residents on the peninsula.


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But the $10 million Deering Place development is also raising residents’ concerns about density in the already thickly populated neighborhood between Deering Oaks and Congress Street.

The proposal by Avesta Housing would include an addition to the single-story building at 510 Cumberland Ave. and two new four-story buildings: one on

... read more at: http://www.pressherald.com/2017/08/09/avesta-plans-82-unit-housing-complex-with-affordably-priced-units-in-parkside/