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YWCA Building Mixed Use Project Site B

Riverfront-Downtown Urban Renewal Area - North Downtown - Project Overview  
 

Date

Milestone   

Feb
2007
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Sold to Telos for
a mixed-use redevelopment
project

2004 |
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Building demolition
& Site Preparation
Dec
2003

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Urban Renewal
Agency purchased
B2 property
Jan
2001

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Urban Renewal
Agency purchased
B1 property
March
1999

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Broadway Mixed Use Development
Study completed
July
1997
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North Downtown Plan Adopted 
   
 

 

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

Photos 

Completed Site B YWCA building
Completed building March 2008. Courtsy Telos


  Site B - during construction
  Progress - March 2007  


Site B rendering
Rendering courtesy Telos

 

Staff Contact

John Wales

 

 
 
 


 

Emergency
Information


All Urban Development Events

Urban Development Department
350 Commercial St NE
Salem, OR 97301
503-588-6178
Fax: 503-589-2054
urbandev@cityofsalem.net
More Contacts
Urban Renewal Areas
(pdf)

 

Page Last Modified: June 6, 2008

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