Home Back Issues February 2014 Apartment boom

Apartment boom

| Print |  Email
Articles - February 2014
Tuesday, January 21, 2014
Article Index
Apartment boom
Page 2
Page 3
Page 4
Page 5

 

The building boom — outside Portland

It’s not just in Portland that market demand and urban lifestyles are spurring new multi-family development.

The continued expansion of Intel and Nike is also triggering community transformation in suburbia. Vancouver developer Holland Partners has built close to 600 units in Wilsonville in the past few years alone and aims to complete 177 of 304 apartments at Tessara at Orenco Station in February. It’s also got hundreds of units planned for the $120 million Platform District, an urban district in Hillsboro centered around a public plaza, ground floor retail and a light rail stop.

“What we’re trying to do is build an urban node in a suburban location,” says Gary Vance, development director for Holland.

Market conditions have improved enough to fuel robust multifamily construction in other Oregon cities. In Bend, where residential construction dried up during the recession, Lake Oswego businessman Mike Kelley is building Sage Springs, a $10.2 million, 11-building complex of 104 units, and investor Craig Studwell has proposed a 144-unit project in southeast Bend. Vancouver’s Hoviss Development Group has also proposed a Bend development called Aspen Heights to include 473 upscale residential apartments.

Hoviss and Portland developer BPM Real Estate Group are behind a massive, $70 million building project in Eugene known as the Riverwalk Apartments. The 466-unit development, currently under construction, will include an assisted living center and an array of retail offerings.



 

More Articles

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

The Rail Baron

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Oil is gushing out of the U.S. and Canada, and much of it is coming from places that don’t have pipeline infrastructure. So it’s being shipped by rail.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS