Alta Civic Station_Propriété à vendre
Alta Civic Station_Propriété à vendre
1699 NW Civic Drive, Gresham, OR, 97030-5588, US

Alta Civic Station

Description de l'actif

Alta Civic Station (the “Property”) is a 318-unit new construction multi-housing community located in the rapidly growing Gresham submarket, adjacent to the Civic Drive Max Station. The Property’s central location within the submarket and proximity to public transit creates immediate accessibility to several of the region’s largest economic drivers, which have experienced rapid expansion due to the business-friendly economic incentives of Gresham. Positioned in the heart of the city, the location is walking distance to the area’s most sought after lifestyle amenities, while only 20-minutes east of Downtown Portland and less than an hour from an array of winter sport destinations on Mt. Hood. Alta Civic Station offers a suburban lifestyle unparalleled in Gresham, attributable to the Property’s modern interior design, comprehensive community amenity set, ground floor retail plaza, and walkability to nearby retail destinations. 


Consistent population growth combined with developable land constrained by the urban growth boundary has created favorable supply and demand fundamentals in Gresham, as only 1,751 market rate multi-housing units have delivered since 2010 despite 10% population growth (a 10,686-population increase). Located within Gresham’s Vertical Housing Development Zone, the property benefits from a tax abatement on 78% of residential improvements with 8 years of term remaining.

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Attributs

Nombre d'unités
318
Année de construction
2021
Superficie du bâtiment nette
22 174 mètres carrés
Superficie du terrain brute
2,99 ha

Média

Points forts de l'investissement

  • Transit oriented location adjacent to a MAX Light Rail Station
  • Central Gresham location walkable to employment drivers, shopping, and recreation
  • Rapidly growing submarket with limited new supply
  • Growing local economy supported by Gresham’s economic incentives
  • Vertical Housing Tax Exemption with 8 years of term remaining
  • Contemporary interiors with robust community amenities and retail plaza
Alta Civic Station 4_Propriété à vendre
Alta Civic Station 4_Propriété à vendre

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Dernière mise à jour
26 mars 2025