New Markets Tax Credit Coalition

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The Fremont Building

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

Investment

  • NMTC Amount: $3,786,080
  • Total Project Cost: $3,847,333

IMPACT

  • 46 FTE jobs
  • 72 construction jobs

Investor

Project Description

The intersection at Fremont Street and Martin Luther King Jr. Boulevard in Northeast 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 small business developers, incorporates 9,500 sq. ft. of ground floor restaurant and retail, upper-floor office space, and parking.

MAP

Address: 3510 Northeast MLK Boulevard, Portland, OR 97212

Census Tract: 41051003302

PDF Profile

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