Date
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Milestone
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| Feb 08 |
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Construction begins |
Nov 28
2007 |
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Groundbreaking |
Nov
2006 |
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Agency approves
property sale for redevelopment for
mixed-use. |
Sept
2006 |
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Agency & City
IGA to design,
develop, and
construct a new
IT center |
Aug
2006 |
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City authorizes
funds for feasibility
study for redevelopment |
May
2006 |
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City and Marion County execute IGA |
March
2005 |
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City & Urban Renewal
Agency (Agency)
authorize future
sale of property |
July
2003 |
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Agency purchases
property for future
redevelopment |
June
2002 |
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City adopts
Salem Core Area Housing Market Study.
Property identified in report for development. |
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On November 20, 2006, the Urban Renewal Agency approved the sale and redevelopment of the 295 Church Street property, a vacant half-acre lot occupying the southeast corner of the block between Church and High Streets SE, to Cascadia Development LLC (Cascadia).
Cascadia will construct a five story building with three floors of residential, including a condominium unit for Salem’s public access TV station Capital Community Television (CCTV), a new facility for the City of Salem Information Technology Department (IT) in another condominium unit, and a small privately owned retail space.
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Rendering
Courtesy: Cascadia Development LLC
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The new IT facility and CCTV studio will serve as anchor tenants for the redevelopment of this key downtown property, providing IT with more efficient space and CCTV with space for growing programming.
Construction could be completed in January 2009.
Funding for this project includes current Mid-Willamette Valley Cable Regulatory Commission capital reserves and future public, education, and government funding allocation; Pringle Creek Urban Renewal Area funds for the feasibility analysis, development of designs, and cost estimates; and proceeds from the sale of Agency and City owned properties in the vicinity.
Documents
Staff Contacts
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