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Home(/) > News(Https://Djcoregon.Com/News/Category/News/) > Construction(Https://Djcoregon.Com/News/Category/News/Construction/) > After seven years, a multifamily building opens
Merx, in Portland’s Slabtown neighborhood, has 126 apartments and 911 square feet of retail space. (Chuck Slothower/DJC)
After seven years, a multifamily building opens By: Chuck Slothower 16, 2024 // 4 Minute Read
Officially, the real estate investors, architects and construction executives who gathered in Northwest Portland last week came together to celebrate the opening of Merx, a 126-unit mixed-use building. But in a sense, they were celebrating the last breath of the pre-pandemic real estate cycle. Merx was conceived in 2017, before COVID-19 delayed projects around the nation and sent construction prices spiraling by making everything from loans to concrete more expensive.
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