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A proposal for a two-building mixed-use development that could add 289 residential units to Portland’s South Waterfront District is set to go before the Bureau of Development Services on Tuesday for a pre-application conference.

TriMet owns the 2.33-acre parcel on Southwest Moody Avenue, and is working with TVA Architects and Portland developer Phil Morford to convert the narrow property, known as the Tilikum Moody site, into a transit-oriented development. As proposed, the development would be constructed on the property’s southern end 鈥� between the Ross Island Bridge and Southwest Harbor Avenue.

鈥淚t’s a little early, but this is probably the most exciting project that we’ve ever done,鈥� Morford said. 鈥淲e look at it as being a very public project.鈥�

TriMet earlier this year hired Cushman & Wakefield to market the property without a stated asking price. Floor area ratio regulations allow construction of a total of 944,574 square feet; also, the property is subject to Portland’s Central City 2035 Plan.

According to a sales flyer, the property contains roughly 36,446 square feet of usable land area and is located in an opportunity zone. Zoning is central commercial. Maximum building height in this area is 250 feet.

Morford and TVA Architects have worked together on a number of developments, and are doing so on four projects 鈥� including this one 鈥� in Portland.

Early documents submitted to the BDS suggest that both buildings would feature residential units above ground-floor retail space and at-grade vehicle parking. The proposal calls for a total of 40 parking spaces.

Two vehicle access points to the property from Southwest Moody Avenue would be constructed.

Project plans are subject to change, Morford said, as development continues and stormwater management issues are explored more fully.

鈥淚t’s going to be in the middle of a lot of OHSU medical buildings and mass transit,鈥� Morford said. 鈥淎ll that is going to affect our unit type and design. We hope to have at least 300 units, and at this time it would comprise two buildings, but whether or not we can do all this is largely up to the infrastructure restrictions and parameters.鈥�

Among those are stormwater issues as well as street easements that were replaced on Moody Avenue when Portland Streetcar tracks were constructed.

Morford said that he and TVA Architects lead designer Robert Thompson believe this project can be great.

鈥淏ob and I are extremely excited about this project,鈥� he said. 鈥淥f all the things we’ve been involved with, due to its special location, we’re very excited about its potential.鈥�