Quick blurb in the DJC Oregon on the self-financed projects by my great client Urban Development Partners (UD+P), and the fact that it offers more freedom in design from traditionally financed projects. As mentioned in the article, UD+Ps Eric Cress says that lenders “…have restrictions associated with development that would not necessarily work with the type of properties we do…” and configuration of spaces in new ways ” will let in more light and space. This is “…something an investment institution would never allow… Oftentimes it’s not about maximizing the density of the site, but about maximizing the quality of the units”
The buildings are being designed by THA Architecture, and as seen in the rendering above, the results are going to be pretty impressive, especially when included with the project immediately across the street, that is currently under construction. Not mentioned in the article, but equally important, is the freedom that is allowed on site design, creating amenities for building residents, commercial tenants, and the surrounding neighborhood and providing efficient stormwater management as well.
Another building that TERRA.fluxus is working on site aspects next door on SE 33rd, for a building designed by Works Partnership Architects. More on site design for all three projects upcoming. In addition to the three current Division projects, TERRA.fluxus previously completed the Reliable Apartments and Move the House Apartments on SE Division, and the flourishing Good Food Here cart pod on Belmont with UD+P.