Project Description

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The Fremont Building

A long vacant corner lot is transformed into a mixed-use building with office, restaurant and retail.

THE PROJECT:

The intersection at Fremont Street and Martin Luther King Jr. Boulevard in Notheast Portland had long been the site of criminal activity and a long-vacant corner market. The location was identified by the City’s redevelopment agency as a potential gateway to the King neighborhood and the rapidly-changing Albina area.

The Fremont Building, completed in 2007 by local minority developers, incorporates 9,500 SF of ground floor restaurant and retail, upper-floor office space, and parking.

FINANCING:
  • Total Project Cost: $3.8 million
  • Total NMTC Allocation: $4.2 million
PROJECT PARTNERS:
  • United Fund Advisors (Portland New Markets Fund I, LLC)
  • Portland Development Commission
  • Wells Fargo Community Development Corporation
  • Fremont Partners, LLC