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Core Spaces, a Chicago-based developer known for upscale student housing, is building its next project in Portland.

Construction of The Collective on 4th 鈥� a 15-story, 417-unit luxury residential tower 鈥� is now under way on a full block near the Portland State University campus, at the intersection of Southwest Fourth Avenue and Harrison Street. The building will include ground-floor retail space 鈥� potentially a grocery store 鈥� and 278 below-grade parking spaces. The apartments will be a mix of micro-units, studios and one-, two- and three-bedroom units with an array of amenities suited for young urban professionals.

鈥淩eally, at Core, what we’ve always done is to build campus properties in an urban setting 鈥� places like Madison, Wisconsin, or West Lafayette, Indiana,鈥� said Chip Schell, vice president of new business for Core Spaces. 鈥淎nd they’re always conveniently located where our residents could walk or take transit; they really fit that model. And Portland really fit that model.鈥�

Chicago firm Hartshorne Plunkard Architecture designed the building, while John Hyland Construction of Springfield is the general contractor. Ground was broken in May 2017. Completion is scheduled for late 2019.

鈥淪o right now we’re pouring the second floor and part of the third floor, and our last concrete pour is scheduled for the end of January 2019,鈥� said Jeff Durmaj, project manager for John Hyland Construction. 鈥淪tarting a little bit later this summer we’re following with all the mechanical trades, HVAC systems, fire protection, electrical work 鈥� all this stuff is starting to follow.鈥�

What was originally a U-shaped building oriented toward Southwest Fourth Avenue transformed over the course of six meetings with the Portland Design Commission into an L-shaped structure that opens toward Pettygrove Park on the northeast side. Inside the tower’s two wings, a four-story section tops out with a tree-lined amenity deck intended to smoothly connect the building with the park.

Materially, The Collective on 4th will include a structurally glazed window wall system with aluminum slab edge covers on the upper parts of the south and west sides. The rest of the exterior will have roughly 75 percent glass and 25 percent metal panels.

It’s the interior of these future apartments, however, that’s really meant to capture attention. There are quartz countertops, stainless steel appliances and Bluetooth shower speakers in each unit. Every resident will have access to a pair of rooftop hot tubs, a fire pit and barbecue stations, as well as a large fitness center, a steam room, a sauna, a dog park and even a bocce ball court.

University students won’t be the only demographic targeted for The Collective on 4th.

鈥淲e’ll be including students in our marketing approach, so they’re certainly be an appeal there,鈥� Schell said. 鈥淲hat we’re trying to do is take a brand that’s been successful to a more targeted group and then expanding it. This is something that’s unique to The Collective; this is the first time we’re doing it.鈥�

Dennis Huffing, Core Spaces senior general manager in charge of leasing at The Collective on 4th, said the idea is to provide more options for both students and young professionals attracted to the central city, as well as fill Portland’s incessant need for more housing overall.

鈥淲e’re not leaning toward one or the other; we want everybody to have more options,鈥� he said.

The Collective on 4th is one of the four primary styles of residential housing currently being developed by Core Spaces. The others include the Hub on Campus, State on Campus and The James. The Collective on 4th is the firm’s first attempt at this brand, and its second project in Oregon. Its first was in 2015: an eight-story, 183-unit Hub on Campus building near the University of Oregon in Eugene.

鈥淲hat we’ve done with The Collective is really try to expand and take what’s been successful with our Hub brand and bring it to a wider audience,鈥� Schell said.