Construction of Beatrice Morrow Apartments to Begin

May 24, 2017 · by pcriadmin · Featured, New Construction, PCRI, The Beatrice Morrow

2017.05.25 B MorrowConstruction activity started on the Beatrice Morrow apartments in late May 2017. The development has the honor of being the first major housing development in Portland owned, developed, designed, and built by organizations led by African Americans: PCRI as owner and developer, Carleton Hart Architects, and Colas Construction as general contractor. In addition, apartments in the completed building will be prioritized for residents previously displaced from neighborhoods that were home to the city’s greatest concentrations of African Americans.

Immediately upon closing the project’s financing, Colas Construction began to mobilize their construction equipment and crews for development of the site named to honor Portland civil rights pioneer Beatrice Morrow Cannady. The development team is confirming details of any construction-related impacts to the neighborhood and will be communicating this information out to neighbors as soon as it is available. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

“This project was an honor to close,” said Jodi Enos, Assistant Vice President and CDC Account Manager for U.S. Bank, the project’s investor. “The impact it will have in the community to fight gentrification is unparalleled. ”

The five-story building will be built along NE Martin Luther King Jr. Blvd between Cook and Ivy Streets. In addition to the apartments in the building’s upper floors, the ground floor will include over 6,000 square feet of commercial retail space as well as a large community room for use by the building’s residents and members of the neighborhood.

Project Partners, PCRI, and local officials joined a groundbreaking celebration for the Beatrice Morrow development

Project partners, PCRI, and local officials joined a groundbreaking celebration for the Beatrice Morrow development

“This is an important opportunity to provide access to affordable family rental housing in a neighborhood that has experienced displacement and gentrification in the past several decades,” said Ms. Fitzpatrick at a groundbreaking celebration in April 2017. “PCRI was formed as, and continues to be, a solution to involuntary displacement. This project will help ensure everyone can experience the stability, safety and dignity that a home provides.”

In addition to ensuring stability for residents, the development team has had a particular focus on creating equitable economic opportunity in the creation of the project, including partnership with Colas Construction and Carleton Hart Architects. Professional services contracted during the project’s design phase have been overwhelmingly focused on minority- and women-owned firms. In addition, Colas Construction anticipates at least 30-40% of the project’s construction will be performed by certified minority-owned, women-owned, and emerging small business firms.

Project partners include development consultant Gerding Edlen, U.S. Bank, Portland Housing Bureau, Oregon Housing and Community Services, Bellwether Enterprise Real Estate Capital, Home Forward, and Meyer Memorial Trust.

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