PORTLAND, Ore. -- Hacienda Community Development Corp. breaks ground this week on the Portland Mercado, a Latino-themed public market in Southeast Portland.
The nonprofit leased the 6,776-square-foot site and building at Southeast 72nd Avenue and Foster Road from the Portland Development Commission for a nominal $1 per square foot in annual rent.
The market will host about 19 community oriented businesses employing about 35 and is intended to serve as a cultural center.
Groundbreaking ceremonies will be held at 4:30 p.m. Thursday.
The $2.5 million project includes support from the PDC as well as the Department of Health and Human Services, the Paul G. Allen Family Foundation and JP Morgan Chase & Co.
Scott Edwards Architecture designed the mercado and Bremik Construction is building it.
“We are delighted to be at the crux of building this meaningful project to support the entrepreneurial spirit of Latinos in our region,” said Victor Merced, executive director of Hacienda.
The Portland Business Journal is a KATU.com news partner.
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