The owner of 33 acres of South Waterfront land, the Zidell family, has proposed an apartment building geared toward the Oregon Health & Science University’s employees and students and other young professionals. The apartment building will cost $20 million and contain 118 units in its seven floors. At the corner of Southwest Moody Avenue and Southwest Grover Street, the building will also have “four retail storefronts and space for two restaurants on the ground floor,” according to The Oregonian.

The proposal of the apartment building was influenced by the Collaborative Life Sciences Center, a project of OHSU, Oregon State University and Portland State University. This project will be completed in 2014 and bring approximately 3,700 workers and students to South Waterfront. The increase in population will require more apartments for rent, and the Zidell family hopes to remedy some of this.

TriMet is also working on the Moody Project—its Portland-Milwaukie light rail bridge across the Willamette River to the north. This increase in accessibility also helped inspire the Zidell family to propose the apartment building.

Project Ecological Development of Portland is the developer, and the designer is Zimmer Gunsul Frasca Architects. According to The Oregonian, the exterior will be “clad in weathered steel, a look is meant to reflect the site’s longtime industrial use, and it’s designed with a slight lean toward Moody Avenue.”

The Zidell family hopes to have the building open for residency by the 2013 academic year. This means construction must start by August. But first the plans must pass the Type III design review. The Type III design review can take more than 100 days, and it is scheduled for June 7.

The Zimmer Gunsul Frasca Architects company is making sure to keep the process moving in order to be ready in time for the 2013 academic year. This date will cater to students and employees as they prepare for their academic year as well.

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