In 2016, UD+P entered into a long-term land lease with the owner of this 17,922 sq ft lot in Portland’s burgeoning Central Eastside. Under the terms of the lease, we may acquire the land at a set purchase price in 10 years.
550 SE MLK is a 7-story mixed-use residential project featuring 132 apartments, ground-floor retail and below-grade parking.
The property is strategically located close to two neighboring UD+P projects: District Office, our cross-laminated timber office building located at 525 SE MLK, and Hotel Grand Stark, our newly renovated historic hotel located at 509 SE Grand Avenue.
CURRENT STATUS
550 SE MLK broke ground in July 2022. We are approaching completion of below grade foundation and utility work and anticipate coming out of the ground in July 2023.
Architect: GBD Architects
General Contractor: Truebeck Construction
Projected Completion: Summer 2024
LEASING
Retail space currently available.
Contact: leasing@liveudplp.com
Project Features:
Mixed-use residential program, with 132 apartments, ground-floor retail and parking
Transit, pedestrian, and bike friendly location along the No. 6 bus and Portland Streetcar routes and a short walk or bike ride away from an expanding assortment of restaurants, bars, and shops
Situated in the Central Eastside among a growing cluster of creative services, professional services, and high-tech businesses
Construction on 550 SE MLK began in July 2022 and is projected for completion in spring 2024.
