Contact: Shawn Uhlman, PDC, 503-823-7994
October 01, 2014
The Portland Development Commission today issued a Request for Interest (RFI) to encourage development of new residences, businesses, and investments. PDC is poised to employ significant financial and other resources to ensure attainment of community goals and redevelopment objectives in the Lents Town Center. The RFI will remain open until December 1, 2014.
The RFI centers around six major development opportunities covering about six acres or half of the total acreage that PDC owns in the Lents Town Center. PDC has assembled this shovel ready land to stimulate development that will positively change the reputation and vitality of the Lents Town Center area, a primary objective of the Lents Five-Year Action Plan approved by Portland City Council in May 2014.
PDC Executive Director Patrick Quinton said, “We believe the scope and the timing of the RFI are in sync with the strengthening real estate market in Lents, which is benefitting from PDC’s previous investments in new businesses and streetscape infrastructure. It’s a great time to engage with the development community on the opportunities available in Lents, and we look forward to seeing innovative proposals that fulfill our goals for district identity, community partnership, social equity and amenities that serve the neighborhood.”
PDC and Lents Grown, a startup business district association, have identified neighborhood services that the community would like to see open for business. Interested citizens are invited to offer their input on desired amenities for the sites online. In addition, PDC staff will conduct walking tours of the sites on Friday, October 17 at 9 a.m. and Friday, November 14, at 9:00 a.m. for those interested in submitting a response to the RFI.