Pearl District Flats

Pearl District, Portland, OR

Completed

About This Property

("A transit-oriented, mixed-income residential development in Portland's iconic Pearl District. This 6-story building delivers 96 apartments (including 20% affordable units) above 8,000 sq ft of ground-floor retail space. The development utilizes mass timber construction (CLT panels) for reduced carbon footprint and accelerated build time. Located within two blocks of the Portland Streetcar and a 10-minute walk to the Broadway Transit Center, the project aligns with Portland's Climate Action Plan for density near transit hubs. The Pearl District has seen 40% population growth since 2020 with rents growing 7% annually.",)

Mixed Use
110000 sq ft
Built 2026
96 Units

Features

  • Mass timber (CLT) construction
  • 20% affordable housing units
  • Ground-floor retail & cafe
  • Green roof with native plants
  • Bicycle parking (120 spaces)
  • Rooftop community garden
  • EV-ready parking (30 spots)
  • Portland Streetcar access

Funding Progress

100.0%
Raised $6,500,000
Goal $6,500,000
Investors 175
Min Investment $250

Returns

Projected ROI 8.90%
Annual Yield 6.00%
Term 12 months
Completion June 20, 2026