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The Prime
Scope of Work
Reveler and Avest have submitted a Joint Major Site Plan Application (approved on 1/14/25) that proposes the phased redevelopment of 123 new residential units across several underutilized parcels within downtown Portland. As Co-Applicants, Reveler and Avesta intend to construct this project in three phases. This is Phase 1: Construction of a 42,279 sq ft, 48-unit apartment building at 193-197 Oxford Street. There is an existing 2 ½ story building and a 1 story building currently located on the site that are to be demolished. The new building is 5-story, podium construction with basement level parking. This phase has a tax deal that will create a tax increment financing district, which will allow 56 percent of the development’s property taxes to go toward subsidizing the housing for 30 years.
Project details
- Affordable Units
- 48
- Location
- 197 Oxford St Portland
- Phase
- Concept
- Building type
- Apartment
- Build Type
- New
- Stories
- 5
- Estimated completion
- 2028
- Developer
- Avesta Housing
- Developer 2
- Reveler Development
- Architect
- CWS Architecture + Interior Design
- Architect 2
- Ryan Senatore Architecture
- Civil engineer
- Acorn Engineering
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