Gerding Edlen People Planet Prosperity

17-story, Mixed-Use Apartment, Office and Retail Building

5 MLK, located in Portland, OR, was acquired in 2017. Currently under construction, Gerding Edlen is developing the site into a mixed-use, 17-story building with 220 apartment units, 120,000 sq. ft. of office space and 15,000 sq. ft. of retail space. The property anticipates a LEED Gold certification, and has already received Fitwel Certification and Salmon Safe certification. 5 MLK will provide well-designed apartments with a diverse mix of unit types and floor plans; flexible office floor plates; and amenities tailored to both apartment and office users. The property is ideally located in Portland’s Central Eastside on the corner of Martin Luther King Jr. Blvd and East Burnside street—two major thoroughfares of Portland. 5 MLK is anticipated to open Q1 2020. Gerding Edlen will oversee the construction, leasing and management, including property management.

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5 MLK

Location: Portland, OR		Launch Property Website
Type: Mixed-Use
Certification: LEED Gold (target)
Square Footage: 440,000
Property Completion: anticipated Q1 2020
Owner: Green Cities III, LP

- Truly mixed-use building with 220 apartment units, 120,000 sq. ft. office space, 15,000 sq. ft. retail space and shared amenities
- Highly desirable location in Portland’s Central Eastside at the base of the Burnside Bridge on the corner of MLK and East Burnside, popular for its restaurants, breweries, distilleries and nightlife
- Transit-rich location along the TriMet 6 Bus Line and the Portland Street Car A Loop, and a 15-minute walk to Downtown Portland
- Views of the Willamette River, Downtown Portland and Mt. Hood
- Earned Fitwel certification under a new mixed-use pilot. Fitwel, a health and wellness standard administered by the Center for Active Design, assesses a number of health-related opportunities and risks related to the design and operation of buildings. 5 MLK used dual scorecards - one for the commercial space and one for the residential space – and earned a 1 Star Rating under each.
- Received Salmon Safe certification, and is the first urban Salmon Safe project to manage nearly 100% of stormwater from the site via green stormwater infrastructure
- Anticipates a LEED Gold certification under LEED v4, the latest and most stringent version of the green building rating system

Livable
Place Index™

Green Cities Fund II & III

Planet

2017 Annual Savings

Energy
20.3 million kWh
(1,495 homes)
Air
7,778 metric tons CO2
(1,636 cars)
Water
20.2 million gal
(1,009,980 million showers)