Overview

Description

Overview
The Tuality Apartment site has all land use and preliminary plans completed and approved by the City of Hillsboro for a four-story, elevator-served building in the heart of downtown Hillsboro. The Downtown District is the heart of the community which includes historical commercial buildings dating to the 1800’s, mixed with new urban living options. This walkable area is home to the centers for City and County government, a vibrant arts and culture community, independent retailers and restaurants, office space, and light industrial manufacturing.

Location
The Tuality Apartment site is 3.5 blocks from both the Hillsboro Central, and Hatfield Government Center light rail stations. Hillsboro is the 5th largest City in Oregon and is home to the “Silicon Forest”: Oregon’s vaunted Tech Center that includes Intel, Saleforce, Radisys, Nike, Genetech, Oracle, Epson, Laika Studios, Standard Insurance, Applied materials, Thermo Fischer Scientific, Synopsis, ViaWest, Nvidia, etc…

The property is within easy walking distance to schools, transit options, hospitals, restaurants, shopping, and retail services. The Tuality Apartments have been planned to include a mix of 13 luxurious one-bedroom/one-bath units, and 11 spacious two-bedroom/two-bath units. The ground floor has the ability to have either 2,600 square feet of retail/commercial or up to four additional apartment units. The property will be attractive to young professionals, especially young doctors, nurses, and staff at Tuality Community Hospital due to its location, on-site parking, safe controlled access building, and elevator service.

Investment Summary
The Tuality Apartment property is located in an Opportunity Zone allowing for significant tax benefits to a developer/ owner. The property includes all planning approvals, design development documents, engineering, plans and studies to date. Construction documents can be completed in approximately 60 days and permits could be issued in as little as 90- 120 days.

Highlights

• Opportunity Zone
• 24 Multi-family Mixed Units
• 2,600 SF Ground Floor Retail
• Easy access to MAX Light Rail
• Heart of downtown Hillsboro
• Close proximity to schools, hospitals & services
• Cost-effective construction that does not require a post tensioned podium deck

Documents

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