431 SW 12th Avenue, Portland, OR 97205

Catalytic mixed-use building links Portland's Central Business District with its vibrant Pearl District

Formerly a surface parking lot located in Portland, Oregon's West End district, the site for 12 West was ideal for creating a mixed-use building that will help connect the business district and the growing Pearl District.

The building incorporates 17 floors of market-rate rental units, three floors of office space, ground-floor retail, and 5 levels of below grade parking. Zimmer Gunzul Frasca, one of the largest architectural firms in the region with 200 employees in Portland, anchors the office space, while the housing portion, indigo12west, encourages inner-city living in line with the city's vision to decrease urban sprawl.

The project is targeting a LEED Platinum rating from the U.S. Green Building Council, and incorporates rooftop wind turbines, solar PV panels and rainwater harvesting in its sustainable design.

An innovative financing strategy allowed for a "carve-out" of $5 million in tax credits for an offsite Headstart program in Portland.

Development Type: Mixed-use including housing, office, and retail

Project Timeline: Completed Fall 2009

Project Partners: Portland New Markets Fund I, LLC; Gerding Edlen Development Company; US Bancorp Community Development Corporation; Portland Development Commission

Total Project Cost: $139.6 million

NMTC Allocation: $29 million

Total Economic Impact: $570.7 million

Jobs: 2,333

LEED Level: Platinum target

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