Portland multifamily hopping on board the Orange Line
Completed in 2015, the $1.49 billion MAX Orange Line light rail project was implemented to link Southeast Portland to the CBD
October 09, 2019
- Completed in 2015, the $1.49 billion MAX Orange Line light rail project was implemented to link Southeast Portland to the CBD while also encouraging car-free transportation and transit-oriented development. Four years later, multifamily development has blossomed along Portland’s newest light-rail line.
- 644 units in projects larger than 20 units have delivered along the SE Portland Orange Line/McLoughlin corridor since 2014 and there are currently 627 units under construction. The majority of development has occurred in the Sellwood neighborhood.
- AxleTree and Meetinghouse are the major projects in the pipeline. AxleTree is a five-story, 110-unit project marketed as “less than 300 feet away” from the downtown Milwaukie MAX station. Meetinghouse is a 232-unit project in downtown Sellwood, a 10 minute walk to the Bybee Boulevard MAX station. Both projects will deliver before the end of the year.
- Further densification is expected with another 598 units in planning or the design review stage. The largest, a 160-unit building designed by local architecture firm, Hacker, would be five blocks from the nearest Orange Line station in the burgeoning Brooklyn neighborhood.
- Also planned for the region is a 18.5-acre campus along the Willamette River owned by The Oregon Museum of Science and Industry. The development could add as much as 2 million square feet of new development with as many as 500 apartments. Gerding Edlen has been chosen as the master developer.
Source: Daily Journal of Commerce, Axiometrics, JLL Research