Oliver Station takes its name from Oliver Perry Lent, one of the area’s earliest settlers. Developed by Palindrome Communities, the project adds both affordable and market-rate housing to the Lents Town Center. Expected completion is March 2018.
Oliver Station includes two buildings on two sites on either side of SE 92nd Avenue between SE Foster Road and SE Woodstock Boulevard. Combined, the two buildings will add 126 affordable apartment units and 19 market rate apartment units to Lents Town Center and approximately 29,000 square feet of ground floor commercial space with parking included.
Working with our partners at Palindrome Communities, 4,000 square feet of this space has been reserved for Prosper Portland’s Affordable Commercial Tenanting Program. Spaces in Oliver Station will be at a minimum of 1,000 square feet for commercial uses and a minimum of 1,500 square feet for a restaurant use. Initial commercial rents in Oliver Station will be 10% below market rents for new class A commercial space. Tenants may also qualify for a contribution toward tenant improvement build-out in the form of a grant from Prosper Portland.
$8,100,000 investment by Prosper Portland, land sale
- Financial Partners:
Palindrome, Portland Housing Bureau, CREA, Citibank, Home Forward, Metro, Prosper Portland, Clearinghouse CDFI
LEED Gold Target [?]
Design & Construction:
Ankrom Moisan, Urban Edge Builders
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.