Myhre Group Architects propose to build a 5-story, 37,000 square-foot residential and commercial space near the historic Hollywood Theater in Portland, OR.
Construction on a six-story mixed-use residential and retail building at Broadway and Jefferson is scheduled to start in August. Portland-based Gerding Edlen purchased the property from Valencia Capital Management of Dallas for $5.6 million earlier this month, according to the Seattle Times. Valencia paid $3.14 million for the property in 2007.
The building, designed by Ankron Moisan Associated Architects, will have 118 residential units and 6,500 ft of retail space. Twenty percent of the residential units will be “designated affordable,” according to Gerding Edlen’s press release. They anticipate a LEED Gold certification on the project.
The planned rail projects in the area seem to have played a part in the firm’s decision to purchase the property, according to the press release:
Municipal plans for an extended light rail system from downtown to the Capital [sic] Hill, as well as a streetcar line that will connect this light rail to Union Station in the International District/Pioneer Square will offer direct access to a multi-modal transportation system for the residents of 412 Broadway.
Gerding Edlen will start holding public meetings this summer to engage the community to better fit into the neighborhood, said Ann Hudner, spokesperson for the firm.
“Gerding Edlen has a really wonderful approach to wanting to integrate and engage the community in their projects,” she said. Other projects have included site-specific art by local artists.
Permits have not yet been issued for construction of the project described by the previous developers as a 6-story building containing 100 market-rate apartments targeted towards employees in the nearby medical facilities, and the first-floor retail with room for five to eight new businesses.
This project will be the first Seattle-area development for the company since their 43/42-story Bellevue Towers highrise condo project was completed in 2009. After selling just 118 of the 539 units, the firm handed the buildings over to lenders earlier this year to avoid foreclosure, according to the Seattle Times.
The lot previously held a 4-unit house that has since been demolished. You can still view the old home (for now, at least) in Google Street View.
Summer 2011 is shaping up to be a busy time for construction on Capitol Hill – especially at its southern edge along Madison — and now down Broadway.
A 7-story residential/retail/commercial building at 4502 42nd SW (map).
Way back in April 2007, we caught wind of a proposed development in Grand Boulevard called the Shops and Lofts at 47. The mixed-use project at 47th Street and Cottage Grove Avenue was to have 167 condos, 45,000 square feet of retail space, and 15,000 square feet of office space. It never moved forward, but apparently its developer, Mahogany Ventures, and the Quad Communities Development Corporation never gave up on the idea.
LISC/Chicago’s New Communities Program reports that the project should break ground later this year or in 2011 with one significant change in place — instead of condos, it will feature apartments. According to LISC’s article, the project’s first phase will have 70 residential units and about 28,000 square feet of retail, while a second phase will have another 70 units and 20,000 square feet of retail. A parking level on the second floor of each building will buffer the ground-level retail from the upper-level residences.
5-story Residential – and office building – Kurfürstenstraße, Berlin / Germany
Infill 5 story retail and residential in Denver, CO.
Merrifield – OCR – Fairfax County, Virginia
A large residential developer will be bringing 336 apartment units in a five-story building into the West Highland neighborhood at 38th Avenue and Lowell Boulevard.
The Alexan West Highlands development will likely break ground early next year after Trammell Crow Residential closes on the property. Full buildout is expected to take about two years and the project will also include 33,000 square feet of retail on the ground floor.
Eugene Lucero of the Lucero Financial Group owns the property and is under contract with Trammell Crow. Lucero will buy back the retail portion of the site and said he might move his business office back to the property after the construction is finished.
“I’m excited about the proposed development. It’s the type that is envisioned in a corridor such as 38th,” Lucero said.
Lucero’s current office is on the site, as is a Bank of the West building and 21,000 square-foot parking lot. He said a grocery store is a possibility for one of the new retail sites.
The $80-million project is one of two large projects Trammell Crow is working on in west Denver. The group is also involved with the Sloan’s development at the old St. Anthony’s site.
Matt Schildt, managing director of the mountain states division of Trammell Crow, said the appeal of building in West Highland is obvious with the good views, proximity to downtown and other amenities close by.
Both Lucero and Trammell Crow met with the West Highland Neighborhood Association and got mixed comments from residents. Some people along West Clyde Place mentioned their view would be obstructed by the structure that will be five stories in some areas and four in others.
Also the density in the area will greatly increase with this development along with another a few blocks away that will have about 150 units.
“That seems like a heavy burden at that intersection,” said Steve Kite, zoning chair for the West Highland Neighborhood Association.
No rezoning request is needed for the site as it was modified to allow for this type of development when the city updated its zoning guidelines in 2010.
The intersection of 38th and Lowell is also viewed as more of a commercial area compared to 32nd and Lowell, which has seen controversy over builders wanting to build taller structures in that location.
“The city wanted to see — and everyone agreed — increased density. This is the realization of that plan,” Kite added.
Lucero said he welcomes any comments from the community about the project and is excited to see it come to fruition.
“The time is right for it, the location is good and it does not contain the characteristics that other proposed developments (in the area) have contained,” he said.