A fund focused on Black Portland is investing nearly $70 million to redevelop waterfront property and historic blocks in the Albina neighborhood.
PORTLAND, Ore. — 1803 Fund announced Thursday nearly $70 million in real estate investments in Portland’s Albina neighborhood, targeting two areas for redevelopment.
The investments include the purchase of former grain silos on the Willamette River’s east bank and multiple properties in The Low End, the historic heart of Black Portland, according to the fund.
Rukaiyah Adams, CEO of 1803 Fund, called them “thousand-year investments.”
“We are investing in Albina not as an artifact of the past, but as a promise to the future,” Adams said. “Our goal is to build something…
