YWCA Building Mixed Use Project Site B

Date

Milestone   

Sold to Telos for
a mixed-use redevelopment
project

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Description

Telos recently purchased the property known as "Site B" on the northwest corner of Broadway and Market streets from the Urban Renewal Agency.  They are constructing a mixed-use building comprised of the following:

• 55 affordable housing units
• 12,506 square feet of office/administration space for the YWCA
• Ground floor retail space of approximately 3,910 sq. ft.

Total project costs are estimated at more than $11 million dollars.  The development team was successful in securing Low-Income Housing Tax Credits through a competitive process from the State of Oregon, which will provide the equity to develop studio and one-bedroom units for individuals earning 55% or less median family income.

Documents

• North Downtown Plan

Photos