PDC selects development teams for Lents properties

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PDC selects development teams for Lents properties

Contact: Shawn Uhlman, PDC, 503-823-7994

January 28, 2015

The Portland Development Commission has named four development teams to move forward with negotiations and timelines for several PDC-owned properties in the Lents Town Center Urban Renewal Area. The teams responded to a Request for Interest issued by PDC in early October; their selection was based on recommendations by an evaluation committee comprised of neighborhood stakeholders and PDC staff.

PDC announced the four teams and their proposals at the Lents Neighborhood Association meeting on Tuesday, January 27. They are:

  • Palindrome Communities – a mixed-use, multi-building development along the east side of 92nd Ave. (Property #1 on the map) and a commercial development on Property #2
  • Williams & Dame – a mixed-use development at the NW corner of 92nd Ave and Foster Rd. (Property #3 south on the map)
  • ROSE CDC – a mixed-use development consisting of market rate apartments, retail, and office space. (Property #3 north on the map below.)
  • Asian Health & Services Center / REACH CDC– a mixed-use project combining a community center, health services, preschool, and senior housing. (Property #4 on the map.)

PDC Executive Director Patrick Quinton said, “The high quality of the responses we received speaks to the current strength of the Lents real estate market. These proposed developments are consistent with the Lents Five-Year Action Plan and will be instrumental in the success and renewed vitality of the neighborhood.”

Nick Christensen, a member of the evaluation committee, said: “The residents of Lents have long hoped for investment in our neighborhood. The responses to the RFI show that Lents is ready for new homes for people of all incomes, new retail spots for small and large business owners, and new services for the people who already are here. The interest shown through the RFI validates what Lents has been saying all along – East Portland is a great place to live and do business.”

Lents properties map

[Lots 5 & 6 remain available for future development.]
2017-05-07T03:06:20+00:00 January 28, 2015|Categories: Lents, News Releases|Tags: , |