passive

May 26, 2016 Comments Off on Passive House-Certified MF in Portland Sells for $355K Per Unit Views: 273 California News, National News, Oregon, West

Passive House-Certified MF in Portland Sells for $355K Per Unit

One of the first mixed-use projects built to Passive House’s stringent sustainable standards has sold for $6.7 million, a breakdown of $355,000 per unit. The 19-unit Kiln Apartments at 33 N. Beach St. in Portland, OR was completed in 2014. The seller was unnamed, while public records show the owner/seller as Payne Apartments LLC.

Passive House certification is more stringent than Leadership in Energy and Environmental Design (LEED) certification, requiring a more rigorous standard of energy efficiency. Kiln Apartments contain “super insulated interiors and exteriors,” as well as triple-pane wood windows and solar-powered heating and climate control.

ARA Newmark Managing Director Robert Black represented the owner and developer in the transaction.

Read More at Portland Business Journal

Connect with ARA Newmark’s Portland Office

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.