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What’s happening in Central Oregon?

July 14, 2023 by bfratzke

Timber-Yards 1_Timber-Yards timber-yards-22
Fratzke Commercial is asked daily, “What’s going on in Central Oregon”.  It is imperative that a Commercial real estate firm has it’s pulse on the community, the economy and at Fratzke Commercial Real Estate Advisors, we most certainly do. 

Today we would like to introduce you to a new project that just received unanimous City Council approval designated for the Old Mill District on the former site of the KorPine particle board plant.  Those of you that have been in Bend since 2002 would know this structure was used as an RV and boat storage facility until the heavy snows in the years of 2016-2017 (we locals called it “snowmageden”) collapsed the building from the weight of the heavy snows. 

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TIMBER YARDS-32 acre Mixed-Use project that will include 1,600 Units, Hotel and 190,000 SF of Commercial lease space.

The master plan submitted to the City of Bend shows a blended mixed-use of Residential and Commercial uses, including a 180-room Hotel, 120,000 SF of office space and 70,000 SF of retail space along with approximately 3+/- acres of open greenscape, urban plaza and walking paths. The buildings proposed will reach six or seven stories and up to 75 feet, 250 units may be designated for senior households as well as affordable housing. 

Timber Yards will be built in eight-nine phases over approximately ten years by Kennedy Wilson, a Beverly Hills based publicly held global real estate investment company with a joint venture with property co-owner Hooker Creek.  Timber Yards accommodates a mix of housing and employment uses within walking distance to schools, parks and commercial services, reducing reliance on automobiles and the design provides for enhanced connectivity to current existing mixed-use neighborhoods which was important to the City of Bend. The City said Timber Yards aligns with all the goals set in the Bend Core Area Plan adopted in 2020 aiming for a re-energized, connected and walkable City. 

Stay tuned for more information and you can visit the City of Bend’s website for more information.  

  

    

 

Filed Under: Central Oregon Business, Community, Helpful Info, Market Reports, Recent Leases, Recent Sales, Transaction News, Uncategorized Tagged With: Bend Oregon, Central Oregon, City of Bend, Commercial Development, Commercial Projects, Commercial Real Estate, Fratzke Commercial, Investment Sales Bend, Leasing Bend, Timber Yards

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