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|Articles - February 2014|
|Tuesday, January 21, 2014|
Page 5 of 5
The building boom — outside Portland
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.
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|The 2014 List: The Top 33 Large Companies to Work, For in Oregon|
|The 2014 List: The Top 34 Medium Companies to Work, For in Oregon|
|The 2014 List: The Top 33 Small Companies to Work, For in Oregon|
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|U.S. adds 175,000 jobs|
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|EU to offer aid package to Ukraine|
|Daily sugar intake 'should be halved'|
|White House reveals 2015 budget|
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