Prosper Portland sold Station Place Lot 5 to Williams and Dame Development in 2016. The proposed development, 9North, envisioned a nine-story building with approximately 167,000 rentable square feet of Class A office space plus 10,000-20,000 rentable square feet of retail space at the ground floor. The project is designed to achieve LEED Silver certification with flexibility to accommodate small tenants as well as multi-floor users.
Prosper Portland required that the property be developed as an office building, with ground floor retail, to provide space for new and expanding businesses and further stimulate the Portland economy. By activating the street frontages of both NW Northrup Street and NW 9th Avenue, 9North will provide an active and pedestrian-friendly streetscape at the northern gateway to the Pearl District. When completed the project is expected to generate approximately $250,000 per year in property tax revenues. Prosper Portland’s Equity and Green Building policies applied to the transaction.
Over the last ten years, several critical repair and maintenance projects have been completed at Union Station - the oldest major passenger terminal on the West Coast. Additional repairs are needed to stabilize and rehabilitate the station.
Prosper Portland acquired Centennial Mills in 2000 to enhance the waterfront with public open spaces and facilitate connectivity between the River District, the Willamette River and the Willamette River Greenway.