A sizable mixed-use development, called , is due to arrive next to a historic structure in downtown Vancouver, Washington.

Wilsonville-based developer Marathon Acquisition & Development is preparing for construction of two buildings featuring a total of 134 residential units and more than 12,000 square feet of ground-floor retail and office space. The 2.21-acre site is along East C Street, between East 12th Street and Evergreen Boulevard, and adjacent to the property.

Providence Academy, following its construction in 1873, was the largest brick building north of San Francisco, according to the Historic Trust of Vancouver. More than a century later, in 1978, the building was added to the National Register of Historic Places.

The 7-acre Providence Academy site was owned entirely by the Historic Trust of Vancouver. Then it sold 2.21 acres to Marathon Acquisition & Development so that it could pursue its Aegis project. Proceeds from the sale will go toward renovation of the historic building and other property improvements.

The two Aegis buildings will be constructed on land currently being used as parking. Marathon will serve as its own general contractor.

Salem-based Studio 3 Architecture is designing the project. Renderings show one structure with six stories and the other with five stories. The shorter building will have a rooftop terrace larger than 4,000 square feet and a 2,000-square-foot community lounge. A 1,500-square-foot fitness center, secure indoor bicycle storage and a self-serve bicycle repair shop also will be available to tenants. In all, the two buildings will have 162,800 square feet of floor space.

Plans call for 28 studio units averaging 549 square feet of space, 71 one-bedroom units averaging 670 square feet and 41 two-bedroom units averaging 965 square feet. There will be 151 surface parking spaces to serve the two buildings.

Plans for the development have changed significantly from earlier iterations. For instance, early drawings showed structures that would be built out to each end of the block. But a change was made to pull the south building back from the corner and insert a 5,000-square-foot pedestrian plaza. This removed at least 24 residential units, some of which were restored by adding a sixth story to the north building.

As for aesthetics, much of Aegis’ cladding will be red brick to complement the historic Providence Academy building.

Developers are now waiting on the city of Vancouver to approve so that the permitting process can proceed and construction can begin.

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Marathon Acquisition and Development, a Wilsonville developer responsible for building hundreds of apartment units in the Portland-metro area in recent years, is quickly moving forward with its latest project.

The firm’s construction arm, Marathon Construction Services, is piecing together the two-building mixed-use project in North Portland, at North Vancouver Avenue and Shaver Street. The complex will have a total of 133 apartment units, more than 5,600 square feet of retail space and 3,500 square feet of office space. Also, a restaurant will have private elevator access to a second-floor rooftop terrace overlooking Vancouver Avenue.

Because the project is receiving financial assistance through the Portland Multiple-Unit Limited Tax Exemption program, at least 20 percent of the residential units will be reserved for tenants earning less than 80 percent of the median family income for the metro area.

The project is being built in two concurrent phases, with the north building approximately 70 percent finished and the larger south building close to 50 percent complete. Crews working on the south building are now completing wooden framing on the top floors, while those working on the north building are installing drywall, plumbing, HVAC and glazing.

The project is expected to be substantially complete sometime in early 2019.

“There’s roughly $40 million worth of work here,” Marathon Construction site superintendent Jay Coalman said. “We started dirt on this one (north building, phase two) ahead of that one (south building, phase one). What happened was there was some kind of permit deal with the city where it couldn’t get through as quickly as this one, so we went ahead and started this one. It’s kind of backwards because we’re 70 percent done on phase two and we’re 50 percent done on phase one.”

Both buildings feature four stories of wood-framed construction above post-tensioned concrete on the ground floor. What’s unique about this project compared to similar ones are the second-floor outdoor terraces. They will be atop the primary commercial spaces in each building.

In addition, the north building will have a pair of ground-floor residential suites that will feature 12-foot ceilings and other features not normally found in apartment buildings of this type, Coleman said.

“They’re really nice on the ground level,” he said.

Covered parking will be provided at the rear of each building, while a sizable fitness center, indoor bicycle storage and bicycle repair facilities also will be open to tenants.

The Vancouver Avenue Apartments is just one project of many Marathon has tackled in North Portland in recent years. Arris, a two-building mixed-use development with 152 apartments, is being constructed at the junction of North Mississippi Avenue and Fremont Street. Previously, in 2016, the firm constructed the Wilmore, a mixed-use development with 75 units, at 4357 N. Williams Ave., as well as the Glendoveer Woods Apartments, a building with 112 units, at 333 N.E. 146th Ave.

Farther north, Marathon also in 2016 finished the Bridgeton Apartments at 10445 N.E. Sixth Drive, near Marine Drive.

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The Wilmore, a five-story apartment building in Portland’s Humboldt neighborhood, has sold to an investor for $28 million two years after the project’s completion.

The 75-unit building at 4357 N. Williams Ave. sold to a limited liability company, MSL Vancouver Oregon Investments, which lists a principal place of business in Mountain View, California.

The seller was N Williams Avenue Apartments, another limited liability company connected to the original developer, Marathon Acquisition and Development of Wilsonville.

The building includes 50,720 square feet of residential space and 5,760 square feet of retail space. It was designed by Studio 3 Architecture.

Phil Oester, Joe Nydahl and Josh McDonald of CBRE‘s Portland office represented the seller.

“The Wilmore is a generational asset in Portland’s burgeoning North Williams neighborhood,” Oester, CBRE senior vice president, stated in a news release. “The community’s contemporary features, amenities and finishes are complemented by its incredible location and popular ground-floor retail.”

The retail tenants are Rovente Pizzeria, Open Tandoor and Coco Donuts.

The Wilmore – a combination of Williams and Skidmore – was built with the help of Portland’s Multiple-Unit Limited Tax Exemption (MULTE) program, providing 20 percent affordable units at 60 percent of area median income in exchange for a 10-year property tax exemption.

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