38 Davis (Block 8L)

Two years after Prosper Portland sold Block 8L at NW 1st and Davis to Gerding Edlen Development, a new, six-story building rose on the site of the former parking lot. Designed by Ankrom Moisan Architects for its own headquarters, the 38 Davis project drew $37 million in private investment and brought new vibrancy to the Old Town neighborhood.

Sustainability was an important focus for the project, as were community amenities serving both tenants and pedestrians. Ankrom Moisan considers inclusion and partnership to be prominent elements of its design approach – an appropriate match for Prosper Portland’s own strategic goals. In addition to the architect headquarters, for several years 38 Davis housed University of Oregon classrooms and retail space on the ground floor and UO administrative offices above. Two floors provide residential spaces, with more than half of the 65 housing units designated as affordable. The project complied with Prosper Portland’s Equity Policy and Green Building Policy and as home to employees and residents in the Old Town neighborhood fulfilled key goals of the Old Town/Chinatown Five-Year Action Plan to promote business vitality and improve district livability.

Project Details

  • Project Complete

  • Prosper Portland’s role:
    land sale

  • $22,395,694 total project cost

  • 250 jobs

  • 125 construction jobs

  • Financial Partner:
    Gerding Edlen (now Edlen & Company)

  • LEED Gold

  • Design & Construction:
    Ankrom Moisan, Andersen Construction

Business and Workforce Equity Performance Data

The Business and Workforce Equity data below is specific to this project. Additional data is available for all of our under construction and recently completed projects.

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The Stash Tea Building Leasing Opportunities

Prosper Portland offers the Affordable Commercial Tenanting Program at the Stash Tea Building, a full block of commercial space in the prime West End area of downtown Portland at SW 10th Avenue and SW Yamhill Street. The revitalized building offers a variety of spaces to create a cohesive and complementary mix of tenants.