Harbor Sky LLC has obtained a $39.5 mil construction loan for the development of Harbor Sky, a 266-unit multifamily project in Portland, OR. Located at 1055 N. Anchor Way, the development will consist of a six-story building with ground floor podium parking. It was designed by Leeb Architects Inc.
The units, which will range from 689 sf to 1.5k sf in size, will contain a combined 217.7k sf of living space. There will be several different configurations from one-bed/one-bath alcoves, which are an open one-bedroom layout, to two-bed/two-bath penthouses.
The property’s location affords residents with views of the Columbia River and the many boats anchored and traveling along it. It is located along I-5, between Portland and Vancouver, WA, making it ideal for those commuting into either city. There are also a number of parks and walking trails within the immediate vicinity of the development.
The project will include a fitness center, pool and spa, as well as carefully thought out common areas. Most units will offer a clear view of the Columbia River.
The 18-month construction loan was arranged by Parkview Financial on behalf of the developer, Eugene Labunsky, borrowing under the entity Harbor Sky LLC. Construction is expected to be completed in 2019.
RENTV