Developer has started off buying land to redevelop downtown riverfront

An aerial view of the Downtown Riverfront Park area in Eugene including the old EWEB steam plant at left.

A Portland developer has manufactured a deposit on houses in the future downtown riverfront community and is doing work on preliminary designs for the first residential buildings.

Atkins Dame Inc. place down a $4.5 million deposit earlier this month toward a $11.1 million purchase of 10 loads on the previous EWEB functions web page. There will be three closings for the sale, city staff members explained to officers during a the latest work session, with the very first predicted in September and the final by July 1, 2024.

Dike Dame, a person of the heads of Atkins Dame, mentioned the advancement enterprise is fired up for the “unique opportunity to establish a vibrant new community that connects downtown Eugene to the Willamette River.”

He understands from good results in Portland — where by the agency, then identified as Williams Dame and Associates partnered with the city to transform 33 acres alongside the Willamette just south of downtown into the South Waterfront significant-rise district — that a river and accessibility to it are the foundation for a fantastic community.

“It doesn’t get any greater than this,” Dame said.

Jim Atkins, the other head of the company, claimed Eugene’s site has an exciting history. For decades, the assets was the EWEB operations yard and, together with a cannery, designed an industrial barrier to the river. The substantial spot “sort of got trapped in a time warp,” Atkins said. 

The metropolis already has invested thousands and thousands to make streets and sidewalks, put utilities and get specific heaps on the property ready for enhancement. That get the job done, which began in 2020 and is break up into two phases, is envisioned to be finished this yr.