Plans show office, retail, condominiums, apartments and an assisted living facility. The development would be called Crescent Village. If approval comes this fall, construction would likely begin next year, with substantial completion as much as a decade away.

The site lies east of Coburg Road and north of Crescent Avenue. Arlie says it will likely sell off pieces of the site to others who will construct most of the buildings. Arlie acquired the property earlier this year for $6.6 million. The seller, PeaceHealth, at one time sought to build a hospital on the site.

The developer envisions 100,000-sf of office and 140,000-sf of retail on the site, which is why it is moving forward with the project as a planned unit development. The bulk of the property is currently designated for high-density residential use and "limited commercial uses," but the planned unit development process allows for weakened land use restrictions to accommodate mixed-use development.

A neighboring 10-acre project is also in the works. A group Eugene doctor Charles McGlade has plans to develop two four-story office buildings totaling 159,000 square feet. McGlade's planned unit development would be called Summer Oaks/Crescent Center. Arlie sold the land to McGlade last year with project approvals for the project already in place.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.