National Association of Industrial and Office Properties (NAIOP) and Portland State University
Portland State University. School of Business Administration. Center for Real Estate, Sustainability -- Economic aspects, City planning -- Oregon -- Beaverton
Bridges at Beaverton Creek (BBC) is a six story, mixed-use development that seeks to meet the needs of varying demographics in the Beaverton community. At a cumulative 284,277 square feet BBC creates a strong sense of place in an otherwise banal part of Beaverton. The project takes to heart the idea that people want a place to call home, where they can live their best life at any age. As such, the key inspiration behind the concept of BBC is intergenerational living.
At BBC you'll find 191 market-rate apartments alongside a wing of 34 age-restricted apartments with integrated and restricted amenities. A childcare-preschool and boutique-convenience grocer in the ground-floor retail space tie the idea together. In providing all of these mixed demographics uses within the same building, BBC creates opportunities for interaction in a truly lived-in community. One that fosters bridging tenant types, encouraging a concordance that simply does not exist in other apartment communities.
Caw-Bam! Partners estimate the total projected development costs are $72.2MM and a total construction loan of approximately $44.8MM. We've projected an ROC of 6.48%.
Bullington, Alex; Parada, Angela; Kim, Channa; Redfern, Wyatt; Lum, Monique; and Small, Brandi, "The Bridges at Beaverton Creek, Beaverton, Oregon" (2020). Real Estate Development Workshop Projects. 36.