Lincoln Property Co. and Bridge Investment Group have plans to build Fremont Apartments, a class A multi-housing community located on the Willamette River at 1550 N.E. Naito Parkway in Portland, Ore. It is an opportunity zone investment.
JLL Capital Markets arranged $88.89 million in construction financing.
The 227,599-square-foot high-rise apartments will consist of 236 units, averaging 932 square feet. Sitting on 1.84 acres, the property is positioned on the waterfront of the North Pearl District. The Fremont Apartments will be the tallest building in proximity to the river in Portland and is the only new permitted residential waterfront project on the west side. The 17-story upscale tower will include a mix of studio, one-bedroom and two-bedroom floor plans. The project will offer premium interior finishes and community amenities, including a resident lounge, subterranean parking garage and rooftop terrace with unobstructed views of downtown Portland and the Willame
