Building Business: Portland’s housing stock gets boost from Avesta project

Avesta Housing teamed up with Landry/French Construction and Ryan Senatore Architecture on the development, construction and design of Porter Station, with 60 apartment units. The $22 million project, which was unveiled May 2, is at 200 Valley St. in Portland’s St. John Valley neighborhood. Apartments in the five-story building range from efficiencies to three-bedroom units.

Portland-based Avesta, the largest nonprofit affordable housing provider in northern New England, now operates 24 affordable rental properties with a combined total of 1,021 apartment homes in Portland.

Including Maine and New Hampshire, Avesta has 100 properties with a combined total of more than 3,000 apartments.

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