Prosper Portland is seeking applications for a new program offering affordable rents for commercial tenants at the Alberta Commons, under construction at the corner of Northeast Martin Luther King Jr. Boulevard and Alberta Street.
The Affordable Commercial Tenanting Program is designed to address increases in retail rents and a decrease in vacancy rates, which have displaced small businesses from Portland neighborhoods, according to the agency’s news release.
Alberta Commons is expected to be completed in November 2017 with a total of 5,125 square feet that can be divided into smaller units. The goal is to provide an opportunity for small businesses, including those owned by people of color, to provide goods and services in the area. The program also is available at two sites in Lents Town Center in Southeast Portland.
Prosper Portland said its staff will begin reviewing applications on Oct. 13, followed by a rolling, first-come first-served review process until all spaces are filled. Information is available from program manager Alison Wicks at su.dn1516496307altro1516496307preps1516496307orp@a1516496307skciw1516496307 or 503-823-3949.