Lincoln Property Co. has opened The Sutton, a 236-unit luxury multifamily community in Portland, Ore. Lincoln collaborated with investment partner Bridge Investment Group and architecture firm TVA, while Andersen Construction served as general contractor.
The developer drew an undisclosed amount from an $86.7 million construction line of credit financed by ACORE Capital for the project, Yardi Matrix data shows.
The 17-story tower comprises studio, one- and two-bedroom floorplans ranging from 392 square feet to 1,662 square feet. Apartments feature quartz countertops, in-unit washers and dryers, and private balconies or patios for select units. Common-area amenities include a fitness center, pet spa, game room, coffee bar and landscaped rooftop terrace, along with EV-charging stations.
Located at 1550 NW Naito Parkway, in an Opportunity Zone, the waterfront property is in the Pearl District. The walkable neighborhood’s features include numerous retail,
