Wednesday, October 8, 2014

Hillsboro TOD wins award? For what?

Hillsboro's 4th Main development selected as Oregon's best new building    

The same hype was spewed forth with Hillsboro's first TOD. Till it tanked and the developer went defunct. 

The complex sat vacant for years, after breaking ground in early 2008 and opening for tenants and businesses the following year. It was billed as the first true mixed-use development in downtown Hillsboro, but the timing couldn't have been worse.
..... with a different feel than its original owners, the now defunct Ty Clark Developments LLC, intended.
Williams & Dame Development,..........purchased the complex last December.
The company started making small, yet significant changes. Gone is the condominium model –the 10 two-story units were converted to rentals. The ground floor, with 10 small so-called "built- to-suit" commercial spaces, was remodeled as roughly 700-square-foot, one-bedroom apartments. the city championed Washington Street Station for its mixed-use potential in 2009, Economic Development Director John Southgate said it's within the developer's purview to offer only apartments."Bottom line: We want the project to be successful. And if the building owners have determined this is the better way to go, we fully support them in that," Southgate said. "I have enormous respect for Homer Williams' real estate acumen. Frankly, it's not a great space for commercial. There's no on-street parking. With light-rail, there's no easy access. This probably makes more sense."

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