PORTLAND, OR (July 11, 2025) — SKB, a leading investor, developer, and operator of commercial real estate, today announced the acquisition of ‘The Canyons’, a 70-unit mixed-use multifamily and retail property located at 3450 N Williams Avenue in Portland, Oregon. The asset, built in 2020 using cross-laminated timber (CLT) construction, anchors the heart of Portland’s dynamic North Williams corridor.
Strategically positioned across the street from New Seasons Market and surrounded by nearly 1.9 million square feet of retail, dining, and lifestyle amenities, the property offers unmatched walkability and connectivity in one of Portland’s most sought-after neighborhoods.
“The Canyons is a thoughtfully designed asset in a premier location with unique CLT construction elements” said Tyler Kepler, Senior Vice President at SKB. “We see an opportunity to reintroduce the project through design-driven amenity enhancements, curated retail, and an identity that reflects the energy of the neighborhood.”
The business plan for The Canyons includes a comprehensive rebranding and repositioning effort aligned with current market trends. Planned upgrades feature amenity enhancements such as a renovated fitness center and recovery room, pet wash room, and activation of the retail alley with improved signage, lighting, and curated micro-retail experiences to better engage the neighborhood and drive foot traffic.
This acquisition marks SKB’s continued efforts for growth in the multifamily and mixed-use sector and underscores its commitment to strategic investments that blend design, community connection, and long-term value.