King + Parks Apartments is a new construction, 70-unit multifamily rental project developed by PCRI in the Piedmont neighborhood of the Interstate Corridor Urban Renewal Area. Its location at the intersection of Martin Luther King Jr. Blvd. and Rosa Parks Way has historical significance to the Black/African American community.
Most of the homes have two or three bedrooms, with all three-bedroom units designed townhome-style with direct access to the central courtyard and play area.
Project amenities include a large community room and 24 on-site parking spaces. King + Parks is a half-mile from Woodlawn City Park and well located near public transit, services and other amenities. The project is subject to the City’s N/NE Preference Policy. Project Based Section 8 Vouchers will support 20 units for homeless families and survivors of domestic violence.
All 69 affordable units will be rented to households earning 60% area median income (AMI) or less.
For questions about unit availability and leasing:
Building Profile
| Project Type | New Construction |
|---|---|
| Location | Interstate |
| Regulated Units | 69 |
| Total Units | 70 |
| Status | Open |
| Bedroom Size | Units |
|---|---|
| Studio | - |
| 1-Bedroom | 20 |
| 2-Bedroom | 38 |
| 3-Bedroom | 12 |
| Affordability | Units |
|---|---|
| 30% AMI | 24 |
| 40% AMI | - |
| 50% AMI | - |
| 60% AMI | 45 |
| 80% AMI | - |
| Unrestricted | 1 |
AMI = Area Median Income
Estimated Development Cost
| Total | $27,828,398 |
|---|---|
| Portland Housing Bureau | $5,700,000 |
Development Team
- PCRI, Sponsor
- Merryman Barnes, Architect
- Colas Construction, General Contractor
- Cascade Management, Property Manager