PORTLAND, Ore., June 1, 2017 /PRNewswire/ -- For a new apartment building, Sky 3 has quite the social life.
Sky 3 is a brand new 15-story mixed-use development located at 1221 SW 11th Avenue offering 196 apartment units, innovative amenities for active lifestyles, shared social spaces, and 14,500 square feet of ground floor retail space.
It will celebrate its grand opening with a private reception at the community on June 6, 2017 that will include the project team, city officials and local business leaders. An open house for the public with light refreshments and tours of the community will follow the reception from 4:00pm to 6:00pm.
"We are delighted to celebrate the grand opening of Sky 3 and hope that it has a positive impact on downtown Portland's housing market," says Rich Worthington, President and COO of the Molasky Group which developed Sky 3. "The building is an asset to downtown Portland and it will offer its residents modern apartment living with innovative common areas and amenities that reflect today's social lifestyle, on-site retailers and great access to all that Portland has to offer." Local roaster, Coava Coffee, will be the first retailer to open on Sky 3's ground floor retail space and additional retail space will accommodate a full-service restaurant/bar.
The community is professionally managed by Greystar and includes studios, one, and two-bedroom floor plans and penthouse units ranging in size from 518 to 1,416 square feet. Interior finishes include stainless steel appliances, two-tone white/dark brown contemporary kitchen cabinetry, quartz countertops, tile backsplashes, plank wood-style flooring. Residences feature dramatic nine foot ceilings, spacious walk-in closets, washers and dryers as well as large private balconies and patios in select units.
What truly sets this community apart are its amenities and social spaces including a demonstration kitchen, wine cellar available for private tastings, free Wi-Fi in common areas, a fitness center, game room, library, business center, meeting rooms and concierge service. The rooftop patio includes an outdoor lounge, covered seating, a fireplace and BBQ grilling stations. The pet-friendly community includes a dog grooming station and for bicyclists, a dedicated and secure storage room, wash and repair station.
"Sky 3 affords residents wonderful access to arts and entertainment," said John Crawford, Director for Greystar. "The community is situated in the Cultural District in close proximity to the Portland Art Museum, Oregon Historical Society, Arlene Schnitzer Concert Hall, Portland Farmer's Market, and the beautiful Park Blocks. People who live at Sky 3 can readily walk to the best places in Portland."
Sky 3 will offer 39 affordable units at 80% of median income through Portland's Multiple-Unit Limited Tax Exemption (MULTE) program. The affordable component makes apartments accessible to a broader demographic and will add value to a community in need of affordable housing solutions.
For more information on Sky 3, visit www.sky3pdx.com.
- Event Open to Public 4-6pm
- Media Welcome to Tour in Advance: The media is invited to take an advance tour on Tuesday, June 6; Rich Worthington, president of development company available for interview. Contact to schedule op.
- The media is invited to the ribbon cutting ceremony on Tuesday, June 6 at 3pm.
- The public is invited to an Open House following the ribbon cutting ceremony on Tuesday, June 6 from 4pm to 6pm.
About The Molasky Group:
The Molasky Group of Companies, started in 1951, is a privately owned real estate development company based in Las Vegas. It has extensive experience designing, building and financing residential, commercial, office, residential, healthcare and federal real estate developments across the United States. The company, along with its affiliate Ovation Development, has developed more than 10,000 apartment units. In addition to Sky 3, the company is developing two residential projects in Portland's Goose Hollow neighborhood and a mixed use high rise in Seattle, WA. For more information on The Molasky Group, visit www.molaskyco.com
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing over 400,000 units in over 150 markets globally. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with nearly $16 billion in gross assets under management including more than $7 billion of developments that have been sold or are underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com
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SOURCE The Molasky Group