Tiller Terrace will provide 214 apartments in the Goose Hollow neighborhood of Portland, OR. Located directly across from the Providence Park TriMet light rail station, the project is a mixed-use, six-story midrise on 20,000 square feet of land. The development includes 3,500 square feet of retail space, a community room, an outdoor terrace, and classroom space. The project will obtain the nationally recognized Green Globes® certification.

Initially designed as a market-rate project, Guardian repositioned the development to help meet the growing need for affordable housing in central Portland. Tiller Terrace will serve households who earn no more than 60% of the Area Median Income (AMI), providing needed housing for central Portland’s workers.

Project Statistics:

  • Construction Start: Q4 2021
  • Estimated Completion Date: March 2023
  • Units: 214 affordable units
  • Unit Mix: 161 Studios, 42 One Bedroom, 11 Two Bedrooms

Project Partners:

  • Developers: Guardian Real Estate Services
  • General Contractor: R&H Construction
  • Construction Management: BC Group
  • Architect: SERA Design and Architecture
  • Interior Design: Tello Interiors
  • Financing Partners:
    • PNC Real Estate
    • Red Stone tax exempt funding
    • OHCS tax-exempt bonds and LIHTC
    • Metro TOD