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Beaverton announces development team for downtown site

By: Angela Webber//November 2, 2011//

Beaverton announces development team for downtown site

Angela Webber//November 2, 2011//

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and Central Bethany Development have been selected to develop a city-owned block in downtown . (Rendering courtesy of Carleton Hart Architecture)

The city of Beaverton announced today its plans to develop two mixed-use buildings on city-owned space in partnership with a private development team.

One of the buildings, developed by , will have 48 units of affordable housing with 1,700 square feet of open-to-the-public community space. will develop a separate building with 55 units of workforce/market-rate housing with 7,200 square feet of ground-floor commercial space.

鈥淩oy Kim and Central Bethany Development have a very successful track record in developing this type of project in a suburban setting,鈥 said Beaverton Mayor in a statement today. 鈥淭heir development of the Bethany area is one of the best in all of Washington County鈥擨 know that Mr. Kim will deliver an outstanding development in Central Beaverton.鈥

Both buildings will sit on a block at the corner of Southwest First Street and Lombard Avenue, a property the city purchased in June for $1.07 million. Beaverton issued a request for proposals for developers in July, and Community Partners for Affordable Housing was one of two firms that submitted applications.

Beaverton Community Development Director said the details of the public-private partnership will be laid out in a disposition and development agreement to be negotiated soon. The city’s contribution might include a long-term lease of the property, he said.

The existing buildings on the site are currently being deconstructed.



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