91Ƶ

Redevelopment plan sought for Tigard property

By: Chuck Slothower//February 15, 2017//

Redevelopment plan sought for Tigard property

Chuck Slothower//February 15, 2017//

Listen to this article
An early architectural drawing depicts a mixed-use building on a downtown Tigard property which the city is looking to redevelop. (Resolve Architecture and Planning, courtesy of City of Tigard)
Though no project is planned yet, officials believe a mixed-use building would suit a property the city owns on Main Street. (Resolve Architecture + Planning, courtesy of city of Tigard)

The city of Tigard is offering a downtown property for redevelopment after securing a grant to clean up the parcel.

The city has requested developers submit a letter of interest and preliminary offer by Feb. 27. The property is located on Main Street next to Fanno Creek. The parcel covers 0.44 acres and 17,994 square feet.

“It’s a highly prominent site visible from Pacific Highway and Main Street, and it could really continue the revitalizing of Main Street,” said Sean Farrelly, redevelopment project manager for the city of Tigard.

Tigard’s City Center Development Agency owns the property, which was acquired by the city as an environmentally contaminated site. The existing buildings, which will be torn down this spring and summer prior to redevelopment, have served as a car repair business and a blacksmith’s shop, among other uses.

The city last year was awarded a $400,000 cleanup grant from the U.S. Environmental Protection Agency. The cleanup – mainly of contaminated soil – is expected to occur this summer, Farrelly said.

The property is zoned for mixed use. An early architectural rendering commissioned by the city envisioned a six-story structure.

“We are open to a shorter building if that would work out better,” Farrelly said.

Parking is a challenge on the site, he said.

Tigard officials call the project Main @ Fanno. Previously, it was known as the Saxony property after a former owner, Saxony-Pacific, a limited liability company.

A building that bridges Fanno Creek would be brought down to make way for a public viewing deck – an amenity that would be part of negotiations with an eventual developer.

Tigard officials view redevelopment of the site as a key to a broader downtown revitalization. Gradually, new restaurants and retailers are popping up. Businesses such as the Tigard Taphouse and Bailey’s Burger Shop have given nearby residents a reason to visit downtown.

Capstone Partners is nearing completion of Attwell off Main, a two-building, 165-unit apartment development with two ground-floor retail spaces of 872 and 947 square feet, respectively, at Ash and Burnham streets. Real Estate Investment Group is representing the commercial units.

The smaller building, with 26 apartments and both retail spaces, is scheduled to be completed Friday, said Jeff Sackett, principal at Capstone Partners.

“We have a healthy waiting list” for the apartments, he said. “The preleasing effort is going very well.”

The second building will hold the remaining 139 residential units. It is scheduled for completion May 12, Sackett said.

The commercial units are also drawing strong interest, he said. Real Estate Investment Group is representing those spaces.

Downtown Tigard offers other development opportunities – primarily smaller infill projects, Sackett said.

“Beautiful downtown Tigard didn’t always used to be so beautiful, and the city and the urban renewal agency have done tremendous things,” he said.

The city’s leadership was bold in establishing the City Center Development Agency, Sackett said. The agency is made up of the mayor and City Council.

“They’ve made some huge improvements there physically, and the business community is responding,” he said.



News

See All News

Commentary

See All Commentary

COMMUNITY CALENDAR