Meier & Frank Still in Play for $50M 'Streets at Tanasbourne'

HILLSBORO, OR-Continental Real Estate Companies remains confident that May Department Stores Co. will open a 160,000-sf Meier & Frank department store at the Streets at Tanasbourne, Continental’s would-be 370,000-sf retail development slated for 17 acres here on the west side of Northwest Stucki Avenue near Cornell Road.

GlobeSt.com in August reported that Continental had tied up the property after Federal Realty Investment Trust in May gave up on the city-approved development and put the land up for sale. Originally a 420,000-sf proposal, the Main Street-style retail project had been planned for the site since 1999. The current iteration would have 13 separate buildings.

Last week, Continental President David Kass told a local newspaper “We have a deal with Meier & Frank. They are committed.” This week, when asked by GlobeSt.com if that meant M&F had signed a lease agreement, Kass reiterated the statement but declined to flesh it out. A May Company spokesperson presented with the same question also did not answer it, but did affirm Kass’ comments by saying a Meier & Frank store is slated to open at the $50-million project in the fall of 2004.