Think City Hall Can Cut Its Way out of a Street Fee? That Depends on How Deep You Want to Cut.
Not much has been said lately about the Lloyd District's upcoming "superblock," the mammoth mixed-use development announced by former Mayor Sam Adams in his 2012 State of the City address.
But there are fresh signs the project's moving forward. Portland's Bureau of Development Services yesterday posted a public notice [PDF] of the development on its website, with a formal hearing before the Portland Design Commission set for May 23.
The proposal calls for three new apartment towers, ranging from five to 17 stories, in the block bordered by NE Multnomah and Holladay streets and 7th and 9th avenues. Developers plan to break the large existing block, which also houses, the Lloyd 700 building, into four smaller parcels. They envision shops on the ground floors of each of the buildings, with a grocery store potentially anchoring one.
The project's current iteration is smaller than developers first envisioned. Initial reports on the project announced 780 residential units. The city's public notice now mentions "over 600 apartment units."
Portland firm GBD Architects is handling design of the project for San Diego-based developer American Assets Trust.
And, yes, there will be parking. City documents call for "1,200 below grade parking stalls."
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