Gray’s Landing
Take a Look!
See the Gray’s Landing real-time construction cam
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Take a Tour!
NEW! Take a tour of Gray’s Landing while under construction. Join us on a special “hard hat” tour—click here for dates and registration information.
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Quick Project Facts
Gray’s Landing (previously known as “Block 49”) will contain 209 housing units in the South Waterfront neighborhood affordable to households earning 60% of Median Family Income ($30,660 for a single-person household). Forty two (42) of the apartments are targeted to low income veterans who have been homeless within the past two years.
The Portland Housing Bureau (PHB) and REACH CDC are partnering to develop the first affordable rental housing development in the emerging South Waterfront neighborhood. The project will utilize bond financing and tax credit equity, along with tax increment funds from the North Macadam Urban Renewal Area. The Portland Housing Bureau selected REACH to develop and own the project through an open, competitive “Request for Qualifications” process.
“REACH emerged on top among a very strong group of nonprofit developers. REACH has a strong track record of delivering affordable housing in Portland, and is a strong partner and ally for PHB,” said Margaret van Vliet, PHB Director. “REACH is currently securing the private financing needed for the project, and has received considerable interest from local and national investors.”
The six-story building will have 209 apartments over ground-floor commercial space. REACH will purchase 12,000 square feet of the ground floor for our administrative offices. The location is close to public transit options, providing easy access to Oregon Health & Sciences University, the Veterans Administration Medical Center and other community services. Support services and rent assistance for residents will be provided by the Veterans Administration and the Housing Authority of Portland, and will focus on serving veterans experiencing homelessness. Completion of the project is scheduled for December 2012.
“REACH is very excited to have been selected as the developer on this important mixed-use housing project. The addition of 209 units of affordable housing close to downtown and next to the streetcar and new light rail lines means that families and individuals with modest incomes will enjoy a quality living environment at an affordable price. Our 28 years of housing development and management experience, as well as our decision to purchase space for our administrative offices, will help ensure that the project is a positive addition to the community,” says Dee Walsh, REACH’s Executive Director.
Economic Stimulus
Gray’s Landing will constitute an important economic stimulus for the City of Portland, and will focus on:
- A strong emphasis on Portland Development Commission’s Business and Workforce Equity Policy, adopted by the Portland Housing Bureau
- Targeting more than 20% of total project cost for contracting opportunities with businesses owned by women and people of color
- Living-wage jobs and apprenticeship opportunities
- Achieving Leadership in Energy and Environmental Design (LEED) Silver “green” building standards
Other Questions?
Check out the Frequently Asked Questions about Gray’s Landing or download the Gray’s Landing Project Overview. To read why REACH and the City of Portland re-named the building to Gray’s Landing, click here.
The Orchards at Orenco
100+ units, new construction
REACH has completed a purchase agreement for a 6.2 parcel near the Orenco MAX light rail station in HIllsboro, OR. This is sufficient to support the phased development of approximately 160 units of housing. Work is underway to design and secure financing for the first phase, a 57 unit, transit-oriented housing project for lower-wage workers in the Orenco neighborhood. The apartments will be located near the Orenco MAX station and built using “Passive House” energy efficient standards, a method of construction that reduces heating bills by up to ninety percent.
Glisan Commons
127 Units/Mixed Use; joint venture; new construction
In February 2011, the Portland Housing Bureau announced that a team including REACH CDC has been selected to develop a City-owned site in the Gateway Urban Renewal District, using $6 million in City funding. REACH and its partners, Human Solutions and Ride Connection, will co-develop a mixed-use, phased project with 120 units of housing and 16,000 sq feet of office space. Phase 1 will include Ride Connection offices with a Human Solutions workforce housing project above; Phase 2 is planned for development in 2013, and will consist of 60 units of senior housing.
