Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Seattle & Northwest  + Portland  + Hospitality  | 

Oregon Awarded $500M for Rose Quarter Improvement Project

Nearly a half-billion in federal dollars are being awarded to projects to revitalize one of Portland’s neighborhoods and transform 94 acres centered on the Rose Quarter into a high-density, mixed-use area.

Congressman Earl Blumenauer, Senators Ron Wyden and Jeff Merkley, along with Congresswoman Bonamici and Mayor Ted Wheeler announced nearly $500 million in federal grants toward the revitalization of Portland’s Lower Albina neighborhood. The area is one of the city’s largest historically Black communities, but its population was largely dispersed by freeway construction and other infrastructure projects.

The U.S. Department of Transportation is providing $450 million for the construction of a highway cover over a portion of I-5, reconnecting the Lower Albina neighborhood. An additional $38.4 million in federal funding will support the redesign of Broadway and Weidler Street in Lower Albina. The Albina Vision is a restorative redevelopment and urban design concept focused on transforming the Albina neighborhood.

Connect

Inside The Story

Albina VisionState of Oregon

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action