Killingsworth Station Project

The revised Killingsworth Station Project is anticipated to be developed as a mixed-income affordable homeownership project with approximately 54 one-bedroom condominium units and 3 two-bedroom condominium units (57 total units) with just over 9,000 square feet of neighborhood serving retail space. Approximately half of the condominium units are anticipated to be affordable to households with incomes that are 80-100% of the median family income for the Portland metropolitan area.The PDC Board of Commissioners approved a Disposition & Development Agreement (DDA) with Winkler Development Corporation in January 2007 outlining the joint responsibilities of WDC & PDC in the sale of the Killingworth property. The PDC Board approved an amendment in August 2010, creating a new financial structure for the project to move forward. The developer has secured construction financing with Wells Fargo Bank and intends to break ground on the project in November 2010, with building completion scheduled toward the end of 2011. The project is fully designed and permit ready.  Staff Contacts  • Sara King, PDC
503-823-3468
e-mail  Source: pdc.us