PORTLAND-Housing starts were down 24% in September, but not because of Central Bethany development, which is preparing to break ground on the second phase of the Promenade condominiums. As company President Roy Kim sees it, Central Bethany’s multi-faceted development west of Portland and north of Highway 26 “is somewhat immune to the current economic slowdown we are facing.”

By developing multiple options for living in a single community — Central and South Parc apartment homes, the Promenade condominiums, Bethany Knoll Duet homes — and adding the convenience of a complete retail center and nearby high-tech employment, Kim says Bethany Village has been able to continually capture tenants.

The Promenade’s Building B will house 35 one-level homes within a four story building offering views of the Tualatin Valley and the coastal mountain range. The Promenade, located in the heart of Bethany Village, features underground parking, secured access and is within walking distance to the Bethany Village Centre which includes QFC, Hi-School Pharmacy, Blockbuster Video, Washington Mutual Bank, Starbucks and many other retailers. Completion and move-in are scheduled for the spring of 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.