Bayside 'workforce housing' condos break ground June 14
Courtesy / Kaplan Thompson Architects
An artist's rendering shows Parris Terraces at 60 Parris St. in the Bayside neighborhood of Portland, which will include 23 one-bedroom units with onsite parking.
A development in Portland with condos starting at $215,000 is aimed at first-time buyers and retirees otherwise priced out of the market.
Parris Terraces, at 60 Parris St. in the Bayside neighborhood of Portland, will include 23 one-bedroom units with onsite parking.
The developer is Jack Soley, a principal at East Brown Cow Management Inc., which owns Canal Plaza, the Hyatt Plaza and other prominent buildings in Portland.
The site is part of the former city public works depot that was sold off in parcels last year. Soley bought the parcel for $175,000, but had to pay for contaminated soil to be cleaned up, the Portland Press Herald reported early this year.
Soley, along with Andrew Roy and Ali Malone of Portside Real Estate Group, broke ground on the site on Thursday morning.
Designed by Kaplan Thompson Architects, Parris Terraces will offer energy efficient units “created with a vision to make housing accessible to working professionals, who are otherwise priced-out of Portland’s real estate market,” according to a press release from Portside Real Estate.
Construction will be managed by Hebert Construction.
Parris Terraces is set to be completed by April 2019.
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