Guardian Real Estate Services has plans to develop Slabtown Square, a 200-unit, mixed-use multi-housing project with ground-floor retail located in Portland, Ore.
JLL Capital Markets, which represented the seller, arranged $95.2 million in construction financing and secured the joint-venture equity through an institutional investor for the development.
Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl-plank flooring, quartz countertops, stainless-steel appliances, in-unit washers and dryers and an average unit size of 670 square feet. The community-amenity package will offer a fitness center, yoga studio, clubhouse with kitchen and lounge, rooftop deck and 230 bicycle parking stalls. Residents will also benefit from the 16,000-square-foot developed public square and the adjacent public park. The project will include 11,542 square feet of ground-floor retail.
Situated in Slabtown neighborhood of Portlan
