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King + Parks Apartments

Housing
King + Parks is a new construction, 70-unit multifamily rental project developed by PCRI in the Piedmont neighborhood.
Completed – Opened Fall 2020

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.

Building Profile

Project TypeNew Construction
LocationInterstate
Regulated Units69
Total Units70
StatusCompleted
Bedroom SizeUnits
Studio-
1-Bedroom20
2-Bedroom38
3-Bedroom12
AffordabilityUnits
30% AMI24
40% AMI-
50% AMI-
60% AMI45
80% AMI-
Unrestricted1

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

Contact

Jill Chen

Housing Investments and Portfolio Preservation Manager

phone number503-823-2375

For email inquiries, please include the name of the project in the subject line to promote an efficient response.

Neighborhood