PORTLAND, OR For a new apartment building, Sky 3 has quite the social life.  

Sky 3 is a brand new 15-story, mixed-use development located at 1221 SW 11th Ave. offering 196 apartment units, innovative amenities for active lifestyles, shared social spaces, and 14,500 square feet of ground floor retail space.

It will celebrate its grand opening with a private reception at the community that will include the project team, city officials and local business leaders.

"We are delighted to celebrate the grand opening of Sky 3 and hope that it has a positive impact on downtown Portland's housing market," said Rich Worthington, President and COO of the Molasky Group which developed Sky 3. "The building is an asset to downtown Portland and it will offer its residents modern apartment living with innovative common areas and amenities that reflect today's social lifestyle, on-site retailers and great access to all that Portland has to offer." Local roaster, Coava Coffee, will be the first retailer to open on Sky 3's ground floor retail space and additional retail space will accommodate a full-service restaurant/bar.

The community is professionally managed by Greystar and includes studios, one, and two-bedroom floor plans and penthouse units ranging in size from 518 square feet to 1,416 square feet. Interior finishes include stainless steel appliances, two-tone white/dark brown contemporary kitchen cabinetry, quartz countertops, tile backsplashes, plank wood-style flooring. Residences feature dramatic nine foot ceilings, spacious walk-in closets, washers and dryers as well as large private balconies and patios in select units.

What truly sets this community apart are its amenities and social spaces including a demonstration kitchen, wine cellar available for private tastings, free Wi-Fi in common areas, a fitness center, game room, library, business center, meeting rooms and concierge service. The rooftop patio includes an outdoor lounge, covered seating, a fireplace and BBQ grilling stations. The pet-friendly community includes a dog grooming station and for bicyclists, a dedicated and secure storage room, wash and repair station.

"Sky 3 affords residents wonderful access to arts and entertainment," said John Crawford, Director for Greystar. "The community is situated in the Cultural District in close proximity to the Portland Art Museum, Oregon Historical Society, Arlene Schnitzer Concert Hall, Portland Farmer's Market, and the beautiful Park Blocks. People who live at Sky 3 can readily walk to the best places in Portland."

Sky 3 will offer 39 affordable units at 80 percent of median income through Portland's Multiple-Unit Limited Tax Exemption (MULTE) program. The affordable component makes apartments accessible to a broader demographic and will add value to a community in need of affordable housing solutions.