HSR-Led JV Breaks Ground on 369-Unit, Transit-Oriented Community in the Cedar Hills Neighborhood, Underscoring Confidence in Portland’s Resurgent Multifamily Market

High Street Residential (HSR), the residential subsidiary of Trammell Crow Company (TCC), along with joint venture partners SCOA Real Estate Partners and Lease Crutcher Lewis, today announced the groundbreaking of a 369‑unit mixed‑use, transit‑oriented apartment community in Beaverton, Oregon—further cementing HSR’s conviction in the Portland metro at a moment when fundamentals and demographics are converging to create a momentous opportunity. The project marks one of the largest multifamily groundbreakings in the region in recent years. The apartments are expected to begin delivering in Summer 2027.

Located on a 5.82‑acre site between Southwest Wilshire Street and Park Way, the project will replace a portion of the Cedar Hills Shopping Center and its underutilized surface parking with a high‑density, transit‑connected development. The community will feature 369 apartments across three four‑ and five‑story buildings, along with 5,040 square feet of ground‑floor retail designed to complement and activate the surrounding area.

Designed by LRS Architects with a European farmhouse aesthetic and guided by a long-term vision for elevated living that facilitates authentic community, the project will set a new benchmark for the submarket. The community will offer studio to three-bedroom residences ranging from 483 to 1,528 square feet, featuring contemporary floor plans complemented by a carefully curated, yet robust amenity program. Highlights include an indoor/outdoor fitness area with a full spa, including an outdoor sauna and cold plunge; a residents-only speakeasy, sports bar; community greenhouse; sports simulator; and a co-working area with conference rooms—all intended to create a hospitality-inspired environment that supports productivity, wellness, and social connection as part of daily life. The development team is also pursuing Fitwel certification to help guide the vision.

Beyond the community itself, residents will benefit from direct access to burgeoning West Side offerings such as Cedar Hills Crossing, proximity to Highways 26 and 217, and a short walk via a pedestrian bridge to the Sunset Transit Center, offering MAX Light Rail service into downtown Portland, proximate employment clusters, and the broader region. The project is being built by Lease Crutcher Lewis using a mix of flat and gable roof forms and a varied material palette to create a village feel across the three-building site.

“We don’t think there’s ever been a better time—or a more compelling reason—to build apartments in the Portland metro,” said Damin Tarlow, Principal with TCC. “Supply is at historic lows relative to demand, and new construction has been muted for several years, while the metro’s diverse economy and world-class livability continue unabated. This development reflects our long‑standing belief in Portland’s fundamentals, and we’re excited to get started.”

The Portland metro, home to more than 2.5 million people, is entering its next growth cycle with some of the most favorable long‑term dynamics in the country. Years of limited multifamily starts due to high barriers to entry, combined with renewed in‑migration, wide-ranging occupation clusters, and a highly educated workforce, have positioned the region for a sustained upward trajectory. Compared with peer markets on the west coast, like Seattle and San Francisco, Portland continues to offer a compelling value proposition—supporting renter demand while creating attractive fundamentals for new development.

Beaverton sits at the epicenter of that resurgence. Anchored by global employers such as Nike and Intel and widely recognized as the heart of Portland’s western suburbs, the submarket benefits from diverse employment drivers, excellent transit infrastructure, and proximity to both downtown Portland and the region’s major innovation corridors.

Other project partners include CID Design Group (interior design), Lango Hansen Landscape Architects P.C., Humber Design Group, Inc. (civil engineer), Froelich Engineers, Inc. (structural engineer), Tenor Engineering Group (acoustics), and MKE & Associates (MEP).