METRO AWARDS $300,000 FOR LOMBARD (PHOTO)
News Release from City of Beaverton
Posted on FlashAlert: October 10th, 2014 11:53 AM
Metro's Transit Oriented Development (TOD) Steering Committee recently authorized $300,000 for Roy Kim Development's (RKm) Lombard Plaza. The project is a five-story building, with 44 workforce housing apartments and more than 5,000 square feet of commercial space. Lombard Plaza will be located on city-owned land at Southwest 1st and Lombard Avenue. Workforce housing units are designed for households (families of four) that earn between $41,640 and $83,28 0.
"I'm thrilled that Metro's TOD Steering Committee agreed to support this important development," said Mayor Denny Doyle. "This will help us reach our goal of bringing more affordable housing units to our downtown area. Attracting more people to live in downtown brings energy and buzz to the area."
Lombard Plaza is located on the northern block of Southwest 1st and Lombard Avenue. The new RKm project is similar to their partner project--The Barcelona, which is a 47-unit housing project developed by Community Partners for Affordable Housing (CPAH)--located on the south side of the same block.
RKm has a long-standing track record in developing mixed-use housing in the Portland area. The company built and manages Bethany Village in Washington County's Town Center. Bethany Village includes a mix of housing choices, Laurel Parc senior assisted care facility, a shopping center, offices, Bethany Athletic Center and a variety of educational options. RKm has been interested in developing in downtown Beaverton for many years and has fostered a strong development partnership with CPAH.
"I've been eagerly awaiting an opportunity to develop in the heart of Beaverton," said Roy Kim, project developer. "Working with CPAH has been a wonderful experience and we're excited to see The Barcelona and Lombard Plaza project come to fruition. Metro's funding is greatly appreciated and will not only help our project move forward, but will also help in the redevelopment of Beaverton."
This is the second time this year Metro's TOD program approved funding for a development in Beaverton's Old Town. In August, the TOD Steering Committee awarded a $350,000 grant to Rembold Properties for its Main Square Living project, a commercial space with 85-units located at the block of Southwest 1st and Angel.
"These two investments take the suburban community of Beaverton to the next level," said Metro Councilor Kathryn Harrington. "Lombard Plaza and Main Square Living are going to transform and advance the community of Beaverton by providing more options for people to live."
Construction is tentatively scheduled to begin in fall once the permits are finalized. Developers and community members interested in learning more about Metro's TOD Program are encouraged to contact Megan Gibb, TOD program manager, at megan.gibb@oregonmetro.gov.
In May 2014, Mayor Doyle brought Cheryl Twete onboard as Community Development Director. Twete has realigned the department to better reflect Beaverton's community vision, while implementing the city's overarching development goals. Twete has also created a new division to foster development in the city and is working with the division to sponsor more redevelopments.
Beaverton is a welcoming and responsible city that enjoys one of the most diverse populations in Oregon. In 2014, Beaverton was recognized as the safest city in the Pacific Northwest. Recently, the city's award-winning finance department received the Distinguished Budget Presentation Award as well as the Certificate of Achievement for Excellence in Financial Reporting. In 2012, the city was awarded the Mayors' Climate Protection Award from the U.S. Conference of Mayors. It was named one of the 100 Best Places to Live in America by Money magazine and recognized as one of the best places to raise kids by BusinessWeek magazine. The city was named one of the top 25 Suburbs for Retirement by Forbes.com and one of the 100 Best Walking Cities in America by Prevention magazine. The city also received the Recycler of the Year award from the Association of Oregon Recyclers, was named a Tree City USA by the Arbor Day Foundation, received a Bronze Award Bicycle Friendly Community designation by the League of American Bicyclists, and was recognized as one of the Environmental Protection Agency's Green Power Communities. Lastly, the city's nationally acclaimed visioning program was named Public Involvement Project of the Year--Best Planning Project by the International Association of Public Participation (IAP2) Cascade Chapter and also received the prestigious 3CMA Award of Excellence.
For more information, reminders and community news, visit www.BeavertonOregon.gov. Also follow Beaverton on Facebook at www.facebook.com/CityofBeaverton, or Twitter at www.twitter.com/CityofBeaverton.
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"I'm thrilled that Metro's TOD Steering Committee agreed to support this important development," said Mayor Denny Doyle. "This will help us reach our goal of bringing more affordable housing units to our downtown area. Attracting more people to live in downtown brings energy and buzz to the area."
Lombard Plaza is located on the northern block of Southwest 1st and Lombard Avenue. The new RKm project is similar to their partner project--The Barcelona, which is a 47-unit housing project developed by Community Partners for Affordable Housing (CPAH)--located on the south side of the same block.
RKm has a long-standing track record in developing mixed-use housing in the Portland area. The company built and manages Bethany Village in Washington County's Town Center. Bethany Village includes a mix of housing choices, Laurel Parc senior assisted care facility, a shopping center, offices, Bethany Athletic Center and a variety of educational options. RKm has been interested in developing in downtown Beaverton for many years and has fostered a strong development partnership with CPAH.
"I've been eagerly awaiting an opportunity to develop in the heart of Beaverton," said Roy Kim, project developer. "Working with CPAH has been a wonderful experience and we're excited to see The Barcelona and Lombard Plaza project come to fruition. Metro's funding is greatly appreciated and will not only help our project move forward, but will also help in the redevelopment of Beaverton."
This is the second time this year Metro's TOD program approved funding for a development in Beaverton's Old Town. In August, the TOD Steering Committee awarded a $350,000 grant to Rembold Properties for its Main Square Living project, a commercial space with 85-units located at the block of Southwest 1st and Angel.
"These two investments take the suburban community of Beaverton to the next level," said Metro Councilor Kathryn Harrington. "Lombard Plaza and Main Square Living are going to transform and advance the community of Beaverton by providing more options for people to live."
Construction is tentatively scheduled to begin in fall once the permits are finalized. Developers and community members interested in learning more about Metro's TOD Program are encouraged to contact Megan Gibb, TOD program manager, at megan.gibb@oregonmetro.gov.
In May 2014, Mayor Doyle brought Cheryl Twete onboard as Community Development Director. Twete has realigned the department to better reflect Beaverton's community vision, while implementing the city's overarching development goals. Twete has also created a new division to foster development in the city and is working with the division to sponsor more redevelopments.
Beaverton is a welcoming and responsible city that enjoys one of the most diverse populations in Oregon. In 2014, Beaverton was recognized as the safest city in the Pacific Northwest. Recently, the city's award-winning finance department received the Distinguished Budget Presentation Award as well as the Certificate of Achievement for Excellence in Financial Reporting. In 2012, the city was awarded the Mayors' Climate Protection Award from the U.S. Conference of Mayors. It was named one of the 100 Best Places to Live in America by Money magazine and recognized as one of the best places to raise kids by BusinessWeek magazine. The city was named one of the top 25 Suburbs for Retirement by Forbes.com and one of the 100 Best Walking Cities in America by Prevention magazine. The city also received the Recycler of the Year award from the Association of Oregon Recyclers, was named a Tree City USA by the Arbor Day Foundation, received a Bronze Award Bicycle Friendly Community designation by the League of American Bicyclists, and was recognized as one of the Environmental Protection Agency's Green Power Communities. Lastly, the city's nationally acclaimed visioning program was named Public Involvement Project of the Year--Best Planning Project by the International Association of Public Participation (IAP2) Cascade Chapter and also received the prestigious 3CMA Award of Excellence.
For more information, reminders and community news, visit www.BeavertonOregon.gov. Also follow Beaverton on Facebook at www.facebook.com/CityofBeaverton, or Twitter at www.twitter.com/CityofBeaverton.
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