A multi-partner collaboration between Prosper Portland, Portland Housing Bureau, Human Solutions and Gerding Edlen, The Nick Fish is a mixed-use, mixed-income catalytic project in the Gateway Regional Center TIF District, adjacent to Gateway Discovery Park at NE Halsey Street and NE 106th Avenue.
The ground floor retail, owned and managed by Prosper Portland, is designed to prioritize underrepresented businesses, preserve the vitality of small businesses, provide business development opportunities that in turn offer needed goods and services to the community, and advance the agency’s goal to build an equitable economy. Prosper Portland’s Affordable Commercial Tenanting Program is available at this property.
The 11,000 square feet of ground floor commercial offers nine retail spaces, starting at 729 square feet. In addition The Nick Fish provides 75 units of housing: 52 units of affordable housing at or below 60% median family income, and 23 units at market rate, which includes five at 80% MFI. Gerding Edlen and Human Solutions, a nonprofit based in East Portland, co-developed the project. Human Solutions owns and operates the residential units and occupies 11,000 square feet of space on the second floor for its office and service center.
$32,400,000 total cost
$7,500,000 investment by Prosper Portland (landowner)
Office: LIIF & Dudley Ventures
Affordable Housing: PNC as LIHTC investor, JP Morgan Chase as lender, and Portland Housing Bureau
Market Rate Housing: Prosper Portland and Dudley Ventures
Ground Floor Retail: Prosper Portland
Design & Construction: Holst Architecture/LMC Construction
Project subject to Business Equity and Workforce Equity Programs and Green Building Policy