Metro Portland and Vancouver’s Summit Development Group purchased a majority of a southeast Portland block in the Portland IQ bordered between 9th and 10th, and Stark and Washington, and will raise two, connected 10-story buildings. The emerging, 347,000-gross-square-foot NIR complex will house early- and mid-stage bioscience and technology companies, and will be enabled for efficient research, lab space, offices and street-level supportive retail.
The ‘New Industrial Revolution’ campus (NIR) follows up from Summit Development’s Eastside Innovation Hub at 808 S.E. Alder, another bioscience laboratory and collaborative space housing wet labs, analytical and office space, and a spec buildout plan in 40,000 square feet of four-level, completely rehabilitated space. “We could not have made this project possible without the work done by the Portland IQ and the Central Eastside industrial Council, specifically the newly minted CEIC Enhanced Services District,” adds Myers. “These organizations are critical to the infrastructure necessary for the economic development of the district and we’re happy to be in this district.”