Portland’s fourth-largest tower, Block 216, is set to open on August 15th. BPM Real Estate Group has secured additional financing for the 35-story mixed-use building located in the Central Business District of Portland. The ribbon cutting ceremony will celebrate residential condominium sales and debut of The Ritz Carlton Hotel.
BPM Real Estate Group and Portland Housing Bureau have reached an agreement regarding a $7.76 million payment under the City’s Inclusionary Housing Program which facilitates offsite affordable housing; this will be the single largest investment towards affordable housing in Portland’s history. Walter Bowen, CEO of BPM Real Estate Group commented “I look forward to seeing direct impact from this investment program creating a difference in affordable housing for our city.”
