Construction is now complete on Arts Plaza Apartments, a four-story, 97-unit mixed-use building at 492 N.E. Second St. in Gresham, Oregon, with leasing underway. Developed by Gibbins Kaplan Development and Capstone Partners, the $26 million project – with a distinctive 200-square-foot mural on the building’s west side – is now under management by CloudTen Residential.

Arts Plaza Apartments is located in historic downtown Gresham, a vibrant city on the eastern outskirts of Portland, Oregon. “The new community consists of 20 studios, 48 one-bedroom units, 21 two-bedroom units, three three-bedroom units and five live/work units – all ranging from 442 to 1,172 square feet,” said Lydia Stiles, regional asset director of CloudTen. The 82,000-square-foot building also encompasses 950 square feet of retail space on the ground floor, occupied by Autumn Coffee Roasting, a local purveyor of freshly roasted coffee which was launched at the nearby Gresham Farmers’ Market and now has its first Gresham location at Arts Plaza. Known for its small-batch roasting process and commitment to quality, Autumn Coffee offers a cozy space for the community to enjoy exceptional coffee while taking in views of the changing seasons at the park.

According to Stiles, Arts Plaza also features a rooftop terrace – the first of its kind in Gresham with expansive views of Mt. Hood – as well as a private fitness studio opening onto a resident courtyard with lush greenery. Additional highlights include a BBQ area and firepit as well as a vibrant mural on the building’s west side – a collaboration between Wesi Murals (Christian Téllez) and Wonderfolk, a Portland-based nonprofit which has a mission to develop diverse young leaders through travel, art and civic engagement. Developers Gibbins Kaplan Development and Capstone Partners commissioned the 20-foot-long mural, which celebrates plants as a metaphor for a natural community by depicting a colorful burst of plants and flowers from around the world, all intertwined and growing.

The new development is adjacent to the Gresham Arts Plaza – a public open-air park and plaza that serves as a dynamic community hub and hosts seasonal farmers markets and events. With this in mind, the building’s design reflects the interactive character of the Arts Plaza park, engaging with the area’s environment, historic landscape and the outdoors, creating a lively urban edge. 

The Arts Plaza Apartments construction team includes Team Construction and MWA Architects. 

More information can be found at https://www.artsplazaapts.com/.

Construction is now complete on Novus Apartments, a $24 million, four-story, 84-unit, contemporary mixed-use community located in Portland’s Woodstock neighborhood at 4981 SE Woodstock Blvd., with the newly formed CloudTen Residential taking over all lease-up and management activities. With the addition of Novus, CloudTen now manages over 30 properties throughout Oregon and Washington.

Lydia Stiles, CloudTen’s regional asset director for the Pacific Northwest, said Novus is a core addition to CloudTen’s expanding portfolio, filling an increasing need for quality urban-style apartments in the region. With a sleek, modern design by architect Kyle Rodrigues of Scott Edwards Architecture, apartments range from 443-square-foot studios to 1,272-square-foot three-bedroom homes, all with stainless steel appliances, quartz countertops, pendant lighting, vinyl plank flooring and oversized windows. The community also features 16 expandable technology-powered Ori Studio homes, a cost-effective housing solution, which at the touch of a button transforms spaces for sleep, work or entertaining.

Onsite amenities include a spacious resident lounge, a coffee bar and courtyard with firepit and grills. The community also has 1,972 square feet of commercial space, with recent move-ins including a Filipino bakery, Shop Halo Halo and Daphne’s Botanicals.

The project was developed by Portland-based Urban Asset Advisors and constructed by LMC Construction.

According to Dennis Mitchell, vice president of strategy for CloudTen Residential – recently launched as a technology-centric, more nimble multifamily management firm – the company has a rapidly growing presence throughout the Pacific Northwest. “The region has a robust multifamily market, and we look forward to further expanding our portfolio here. Our clients have been thrilled by our boutique-style, hands-on approach paired with the best technology our sector has to offer.”

Other Portland area multifamily properties recently added to the CloudTen portfolio include Parallax, a 66-unit, five-story glass, steel, brick and metal mixed-use development and Ninebark, comprised of 246 beautiful sustainability minded apartment homes developed by Killian Pacific.

With these newest additions to its portfolio, CloudTen now has 60 properties totaling over 7,000 units throughout Arizona, Nevada, Oregon and Washington.

Jessica Weil has been named regional vice president of CloudTen Residential, a newly-formed Nevada-based firm that manages and operates multifamily properties throughout the West.

According to Melissa Deen, president of CloudTen, in her new role, Weil is responsible for supervising multiple employees as well as a range of multifamily properties throughout the Nevada region – requiring extensive leadership skills, oversight and successful team member development.

“With a passion for innovation, Jessica has considerable experience in complex multifamily operations, and we are thrilled to have her join our fast-growing, visionary team,” Deen said. “CloudTen has taken a more nimble, technology-forward approach to multifamily operations, and Jessica will provide the forward-thinking leadership we need as we expand in the Nevada marketplace.”

Weil was most recently a regional property manager for Cushman & Wakefield’s Las Vegas offices, overseeing a portfolio of 5,488 units and spearheading the day-to-day operations and profitability of numerous multifamily communities. She was also a regional property manager for Greystar Real Estate Partners, supervising 35 employees and overseeing 1,500 units. With over 10 years of experience in the multifamily industry, she has worked for Dasmen Residential, Pinnacle Property Management and Fairfield Residential.

She holds both master’s and Bachelor of Science degrees in psychology from the University of Phoenix and is a member of the Nevada Apartment Association and the NAACP. Fluent in Spanish, she is a certified apartment manager (CAM).

Founded by the principals of San Diego-based Sunrise Management, Cloud10 Residential was formed in the wake of the COVID-19 pandemic to provide a more streamlined, customized and technology-centric approach to multifamily management.