Highlighting New Home Construction Developments in Portland, Oregon – 2023 Report

portland new home construction

Despite the density-focused zoning changes in Portland over the last few years that allow for more new homes to be built on existing lots, new home construction rates within the city proper are low. The city faces challenges with material and labor shortages, along with a slightly declining population base.

While larger (10+ homes) new construction developments are rare and nearly impossible to find within the city of Portland proper, there are choices in the surrounding suburbs. Most of the real estate development still happening within the city of Portland proper is composed of apartment buildings.

If you’re looking to research Portland, Oregon new construction, we recommend nextPortland.com and the gallery of new construction maps at PortlandMaps.com.

Let’s explore what’s new and up and coming in the Portland metro’s housing landscape.

New Single-Family, Townhouse, and Condo Projects 

Pleasant Valley Villages Community by Holt Homes

Tucked away in the scenic landscapes of Happy Valley, the Pleasant Valley Villages Community by Holt Homes offers an enchanting collection of single-family homes. With prices ranging from $464,960 to $774,782, and spacious floor plans spanning 1520 to 2628 square feet, these homes are designed to accommodate a modern lifestyle. Nestled at 11878 SE Bridal Veil Falls Place, this vibrant community boasts 33 new homes, each meticulously crafted to capture the essence of comfort and elegance.

Toll Brothers at Hosford Farms – Terra Collection

Prepare to be captivated by the Toll Brothers at Hosford Farms – Terra Collection, an exquisite ensemble of single-family homes that effortlessly blend luxury and functionality. Located at 15789 NW Holman Way in Portland, these homes range from $749,995 to $1,018,890 in price, offering generous living spaces spanning 1951 to 3230 square feet. With only 10 new homes available, this exclusive community presents a unique opportunity to embrace refined living in the heart of the city.

Scouters Mountain Community by Holt Homes

In the desirable surroundings of Happy Valley, the Scouters Mountain Community by Holt Homes stands as a testament to craftsmanship and innovation. Comprising 26 new single-family homes, this community at 10631 SE Heritage Rd showcases a harmonious blend of comfort and style. With price ranges from $614,960 to $839,960 and square footage ranging from 1594 to 5412, these homes cater to diverse preferences, offering a haven for families seeking the perfect balance between tranquility and convenience.

Bethany Crossing Townhomes

Discover the charm and convenience of townhome living at Bethany Crossing. Nestled at 15043 NW Legend St in Portland, this thoughtfully designed community features seven new homes. Priced from $427,990 to $549,990, and offering 1218 to 1632 square feet of living space, these townhomes embody modern elegance and provide a cozy retreat for those seeking a low-maintenance lifestyle without compromising on comfort.

Toll Brothers at Hosford Farms – Vista Collection

Elevated living awaits at Toll Brothers at Hosford Farms – Vista Collection, an exclusive enclave of single-family homes nestled at 15721 NW Gooderham St in Portland. With prices ranging from $849,995 to $1,441,995, and expansive floor plans spanning 2411 to 4405 square feet, these homes exude opulence and sophistication. The Vista Collection features 11 meticulously crafted homes that embody a perfect blend of grandeur and modern amenities.

South River Terrace

Set amidst the picturesque surroundings of Tigard, South River Terrace offers a tranquil escape from the hustle and bustle of city life. This community, located at 16786 SW Leaf Lane, showcases 20 new single-family homes, ranging in price from $569,990 to $828,990. Boasting square footage ranging from 1734 to 3728 square feet, these homes provide ample space for families to grow and thrive. South River Terrace is a testament to thoughtful design and quality craftsmanship, offering a harmonious blend of comfort, convenience, and natural beauty.

Cascadia Ridge Community by Richmond American Homes

Nestled in the charming town of Estacada, the Cascadia Ridge Community by Richmond American Homes beckons those seeking a serene and idyllic lifestyle. With 19 new single-family homes priced from $509,990 to $703,753, and floor plans spanning 1740 to 2760 square feet, this community captures the essence of Pacific Northwest living. Located at 1890 NE Currin Creek Drive, Cascadia Ridge boasts homes that seamlessly blend modern aesthetics with the tranquility of the surrounding natural landscape.

Laurel Woods Community by Holt Homes

Set in the picturesque town of Cornelius, the Laurel Woods Community by Holt Homes offers a captivating collection of single-family homes designed for modern living. With prices ranging from $409,960 to $729,960 and spacious floor plans spanning 1520 to 2890 square feet, these homes provide an ideal sanctuary for families to create lasting memories. Located at 2887 S Nectarine St, Laurel Woods is an embodiment of Holt Homes’ commitment to quality craftsmanship and attention to detail.

Lolich Farms Community by Taylor Morrison

Situated in the desirable city of Beaverton, the Lolich Farms Community by Taylor Morrison presents an exceptional opportunity to embrace luxury living. With 13 new single-family homes priced from $589,990 to $835,990, and generous floor plans spanning 1651 to 3719 square feet, these homes offer an exquisite blend of elegance and comfort. Located at 18515 SW Buckhorn Drive, Lolich Farms epitomizes Taylor Morrison’s commitment to creating homes that inspire and delight.

Mixed-Use Projects Featuring Rental Units, Retail, and Office Space

Switching gears to the area of urban development, mixed-use projects have gained significant popularity, offering a seamless integration of residential, retail, and office spaces. Portland is no exception, embracing the concept with open arms. These innovative developments create vibrant and dynamic neighborhoods that cater to residents, workers, and visitors’ diverse needs. In this section, we will look at some notable mixed-use projects in Portland that embody the city’s vision for inclusive and sustainable communities where people can live, work, and thrive in a cohesive and interconnected environment.

Bayside Neighborhood – 800 Units

The Bayside neighborhood is set to undergo a transformative redevelopment project, seeking to add 804 new housing units to Portland’s vibrant landscape. This visionary project encompasses seven stunning new buildings, offering a total of 603 market-rate units alongside 201 affordable housing options. The development aims to enhance the community while embracing inclusivity and sustainability, reflecting Portland’s commitment to creating a vibrant and diverse city.

Slabtown Savier

Rising in the heart of the up-and-coming Slabtown neighborhood, the Slabtown Savier project is set to redefine urban living in Northwest Portland. Developed by Greystar and masterfully designed by SERA Architects, this captivating dual-building project boasts 363 upscale apartments for the market-rate segment. The thoughtfully crafted design, combined with tucked-under spaces and below-grade parking, allows residents to enjoy both convenience and sophistication in their daily lives.

Modera Main Street

Prepare to be impressed by Modera Main Street, a sprawling multifamily development poised to leave an indelible mark on Portland’s real estate landscape. With construction set to begin in early 2023, this impressive project spans a vast 434,720 square feet, making it one of the city’s largest. Offering 337 thoughtfully designed apartments, complemented by convenient shared parking with the renowned Multnomah Athletic Club, Modera Main Street promises a living experience that seamlessly blends style, comfort, and accessibility.

The Sutton

After approximately five years since getting approval from the Portland City Council, The Sutton has finally made its grand debut. Rising tall between Northwest Naito Parkway and the majestic Willamette River, this magnificent 17-story mixed-use building stands as an architectural marvel. Combining residential and commercial spaces, The Sutton offers an impressive array of amenities and showcases the seamless integration of modern design and functionality. The completion of this long-awaited development is a testament to Portland’s dedication to creating dynamic urban environments.

Block 45

Positioned at the nexus of convenience and sophistication, Block 45 presents a captivating development in Portland. Comprising two buildings, one featuring 208 units and the other with 58 units, this community showcases the art of urban living. Constructed with wood framing, these buildings boast luxurious urban finishes and amenities, including a fitness center, dog wash, resident lounge, and a rooftop terrace offering panoramic views. The project’s commitment to sustainability is evident through its LEED certification pursuit, emphasizing the integration of eco-friendly practices into the fabric of the community.

Thinking of Buying or Selling a Home in Portland, Oregon?

Part of the reason owning a home in Portland, Oregon is a good long term investment is the lack of detached new home construction within the city proper. Apartment lifestyles do not appeal to everyone and for those who want to or need to live within the city’s boundaries, often look to purchase detached homes before considering condos or high-density apartment settings.

If you’re in the market to buy a home or condo in the vibrant city of Portland, we’re here to help you make the most of your real estate journey. Our team of experienced top 1% buyer’s agents is well-versed in the art of negotiation, making sure that your interests are represented throughout the buying process. 

Our top 1% seller’s agents will leverage our optimized marketing strategy to showcase your home to the widest audience possible, resulting in a faster and more rewarding selling experience. Our competitive rates mean you get exceptional value without breaking the bank. With a wealth of experience selling over 2,000 homes in Portland and beyond, we have the knowledge and expertise to guide you every step of the way. 

Reach out to us at 503-714-1111 or take advantage of the chat feature on this site to connect with us. We’re excited to embark on this journey with you and help you achieve your real estate goals in Portland.

June 9, 2023

Stephen FitzMaurice

Stephen FitzMaurice, Realtor is a top 5% real estate agent in the U.S. A Principal Broker in Oregon, Managing Broker in Washington, he has been licensed since 2003 for residential real estate sales. Call his team in Oregon at 503-714-1111 or in Washington at 360-345-3833.

4% max to sell a home in Portland and SW Washington.
4.5% max to sell a home in Salem and Bend.
Over 2,000 homes sold.