Date
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Milestone
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Nov
2007 |
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Construction began |
Sept
2007 |
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Property sold to Hollywood Renewal LLC |
May
2007 |
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Urban Renewal Agency and LLC execute
option agreement |
Sept
2005 |
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Hollywood Renewal
LLC selected as site Developer |
April
2005 |
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Hollywood Station solicitation for
proposals issued |
July
2003 |
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Goodwill Site Master
Plan adopted |
| 2001 |
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Land purchased
for future
redevelopment |
| April 2001 |
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North Gateway
URA Plan
amendments add:
Goodwill Site
later renamed Hollywood Station |
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Description
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On September 10th, 2007 the Urban Renewal Agency owned property to the north of the proposed Senior Center at Hollywood Station was sold to Hollywood Renewal LLC. Bound by Portland Road (east), Brooks Street (west), Pine Street (north) and new City of Salem Senior Center (south), the proposed development includes 24 town homes, 23,000 square feet of commercial, and development of a triangular shaped remnant property north of the new Pine Street alignment. Construction of the town homes and permitting for the commercial buidling is underway. Closing on the Pine Street remnant parcel is expected to occur before May 31, 2008.
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In December 2007, the Agency approved code amendments to the Pine Street Mixed-Use Area (Area 1) within the Portland/Fairgrounds Road Overlay Zone to allow Planned Unit Developments (PUD’s), establish a minimum variable development density, and removed the minimum Floor-to-Area Ratio (FAR) requirement for commercial buildings in Area 1.
No commitment of public resources, in the form of a loan or a grant, is required of the Agency to support this project. The Hollywood Renewal LLC is comprised of Mountain West Investment Corporation and Glennie Property Investments.
Staff Contacts
Annie Gorski
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Renderings
Hollywood Station Site Plan
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