The Tram was controversial when it opened, because the project (partly funded by the City of Portland) went way over budget. Finding an Apartment or Rental in Portland Tags: south waterfront waterfront south. Instead of a 20 minute snarl through traffic, you can make the tram trip in 3 minutes. Portland's South Waterfront is a small neighborhood located just south of the Ross Island Bridge and north of the old spaghetti factory or SW.Bancroft St., east of Interstate 5. document.writeln(outstr); The development thusfar consists of several shiny tall, new (expensive) condo and apartment towers such as the John Ross and the Meriwether plus a new OHSU office building. Located just a streetcar ride from unique downtown Portland, Griffis South Waterfront offers sleek modern apartments with a wide selection of studio, one and two-bedroom floor plans. South Waterfront: the Meriwether and the John Ross, Portland Aerial Tram and South Waterfront (and Mt. South Waterfront is a sophisticated urban neighborhood made up of retail, parks, restaurants, and 3 condominium buildings – Meriwether Condominiums, John Ross Condominiums, and Atwater Place Condominiums. Rare South Waterfront townhouse in Atwater Place with private entrance steps away from Willamette River & Greenway. Vancouver, WA,