South Waterfront
Neighborhood Description: Approximately 38 acres of Portland’s riverfront property, The River Blocks at South Waterfront, are being developed in part by the team that helped create Portland’s most popular and fastest-growing urban neighborhoods, the Pearl District and Brewery Blocks. The River Blocks will offer convenient access to transportation, Portland’s best neighborhood restaurants, shopping, and luxury Willamette riverfront views and amenities. The River Blocks is slated to be complete by 2010 and have a $1.9 billion value at full completion. The retail opportunities will reflect this unique neighborhood with approximately 250,000 – 300,000 square feet of urban storefront retail organized into districts throughout the entire development.
For more information:
South Waterfront Website
Area Retailers:The Daily Cafe, Umpqua Bank, Urbana Market, Le Hana Grill, Bee Cleaners, Bambuza Vietnamese Grill, The Dog House Doggie Day Care, Rilassi Coffee and Tea, Pampered Pooch Dog Boutique
Rental Rates: +/- $20.00 - $30.00 / SF
Vehicular Counts: 2,145 CPD: SW Bancroft and Moody (1999).
Transportation: Portland is the first city in the country to operate an aerial tram, which opened in early 2007. The Portland Aerial Tram is a key component in the development of the South Waterfront District and the continued growth of OHSU as a major medical research institution. Almost $2 billion in new development will be leveraged by the initial tram investment. Additionally, funding has been approved for the construction of a pedestrian street bridge crossing I-5 and Macadam Avenue to SW Gibbs Street, connecting Lair Hill residents with the South Waterfront medical community, businesses and residents. Signalized intersections with two-way traffic and primary access into the neighborhood will be Curry, Gaines, and Bancroft Streets.
Portland Streetcar extension now connects the Pearl District to PSU, RiverPlace, the South Waterfront neighborhood at SW Gibbs Street. The connection is adjacent to the ariel tram station and OHSU Building One. Full streetcar service in the South Waterfront district is expected to be open by Fall 2007.