Carl Vance, vice president of finance and administration at Linfield says the college had spoken to a number of developers interested in the property, but Regency was one of the few willing to lease the entire 28-acre lot, a portion of which recently was donated to the college by Hewlett Packard.
No permit applications have been field with the City, but Regency says the tentative plan is to begin development in the first quarter of 2002. Tenant store openings are being targeted for late 2002 and early 2003. Linfield also plans to develop an additional 43 acres of land, zoned as multi-family residential, adjacent to the shopping center.
The property is located in front of Linfield's Keck Campus, the former Hewlett Packard Plant, which will eventually hold a library and the college's theater, art and music departments.
This is the first time Regency has developed a project next to a college campus. Vivian Bull, president of Linfield, says the college has had extensive discussions with Regency regarding the overall design of the center, and the company is working with us to make sure the architectural direction of the grocery anchor and various tenant stores will be compatible with the college's master development plan.
Regency, which owns more than 200 centers, owns projects in Sherwood, Hillsboro, Beaverton, Troutdale, Clackamas and Portland, many of which are anchored by Albertson's. The McMinnville site is toward the larger end of the company's projects.
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