Groundbreaking of The Abigail in Portland's Pearl District
PORTLAND, OR, Oct. 27, 2014—Portland and BRIDGE Housing today will celebrate the groundbreaking of The Abigail at 11 am at the corner of NW Raleigh Street and NW 13th Avenue.
The Abigail is the first new development by BRIDGE Housing in Oregon; BRIDGE is a nationally recognized nonprofit developer, owner and manager of affordable housing.
The Abigail is a six-story, mixed-use development that will energize the north end of the Pearl District with the addition of 155 new apartments. The building will be mixed-income, with 128 affordable apartments for families earning 30% to 60% of Median Family Income (currently $20,800 to $41,640 for a household of four), and the balance at market-rate rents.
The Abigail includes a mixture of unit sizes from studios to three-bedroom; more than half of the units are two and three-bedroom units. Amenities include a landscaped courtyard, a children’s play area, a community room, laundry rooms on each floor, secure bicycle parking in a tool-equipped bike storage room and underground car parking.
“We’re thrilled by the opportunity to partner with others on The Abigail and bring much-needed affordable housing for families to the Pearl,” said BRIDGE Housing President and CEO Cynthia Parker, who has deep roots in the region. “We’re also excited to be working with Impact NW, our educational and social services partner, to create programming that will best serve the residents.”
The Abigail is named for Abigail Scott Duniway, a Portland businesswoman and activist who was instrumental in gaining voting rights for women in the State of Oregon in 1912.
Financing for the $48 million project is being provided by Portland Housing Bureau, Oregon Housing and Community Services, National Affordable Housing Trust, Wells Fargo Bank and Energy Trust of Oregon The architect is Ankrom Moisan Architects and the general contractor is Walsh Construction.
Among the expected speakers at the grand opening: Congresswoman Suzanne Bonamici; Mayor Charlie Hales; Susan Stoltenberg, Impact NW; John Epstein, Wells Fargo Bank; Paul Cummings, National Affordable Housing Trust; and Cynthia Parker and Nicole Peterson, BRIDGE Housing.
Prospective residents, please contact 503.299.4066. For more information about BRIDGE, visit www.bridgehousing.com.
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