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72Foster Groundbreaking

72Foster

September 21, 2017 at the Portland Mercado

7238 SE Foster Rd., Portland, OR
3:00pm - 5:00pm

Come celebrate the groundbreaking of our newest affordable apartment building. Share in the celebration and enjoy local food and entertainment from the Portland Mercado.


About the Project


72Foster is an intergenerational, mixed use apartment building located in Southeast Portland’s Foster-Powell neighborhood. REACH is partnering with Asian Health & Service Center to offer additional assistance to households within the community. In 2015, the Portland Housing Bureau awarded REACH the land and $5M in gap financing to help develop this building.

72Foster will have 101 apartments from studios to 3 bedroom units to provide a range of options for both seniors and families. With the building’s nearly 10,000 square feet of commercial space, REACH will work to advance the multicultural character of the neighborhood. Our vision expands on the place-making strategies Hacienda CDC has employed in developing the Portland Mercado’s retail, restaurant and community space that is attracting residents from across the city for food and cultural events.


Project Partners


Development Team

REACH Community Development (Owner/Developer)
Holst Architecture(Architect)
LMC Construction (General Contractor)
Housing Development Center (Construction Manager)

Partners

Portland Housing Bureau • Key Bank • Metro • Oregon Housing and Community Services