Well that was quick.
Just as we reported a logistical land-transfer between the Portland Bureau of Transportation (PBOT) and the Portland Development Commission (PDC) that would make for easier development of the vacant lot across from the Portland Mercado, we are now learning that a proposal for the site has been approved. That proposal, by REACH Community Development, will be partly funded by a $5 million award from the Portland Housing Bureau (PHB). The funding provided by PHB will go toward the development of a mixed-use project at SE 72nd and Foster that will include 108 units of affordable housing and ground-floor commercial space.
In regards to the commercial space, Senior Project Coordinator for the Lents Urban Renewal Area, Leila Aman, says there will be a “concerted effort to attract businesses that are complimentary to the Mercado.” The residential portion of the project will be accompanied by services from the Asian Health & Services Center.
We’ve spoken before about the transformation of this corner of the neighborhood, and it appears as if we’ll see full buildout of the once-vacant, two-block stretch of Foster in the near future. What’s more we’ll get an added boost of affordable housing, commercial space, and added energy to the Foster landscape.