https://www.hillsboro-oregon.gov/our-city/hillsboro-major-projects - The proposal to redevelop Block 67 in Downtown Hillsboro to provide market-rate and affordable housing, medical offices, retail space, and a public plaza is moving forward. The City of Hillsboro has signed an Exclusive Negotiation Agreement with real estate developer Rembold, in partnership with Related Northwest. Design work has advanced since the original proposal, updated and revised renderings are below:
Rembold will continue to advance the design and will develop cost estimates that will serve as the basis of negotiations on a Development and Disposition Agreement. The agreement with Rembold is anticipated to cover the land transaction, uses on the site, design, financing, and construction of the Block 67 site in Downtown Hillsboro. *The previous solicitation is listed below for reference. Project Overview
Making Downtown Hillsboro a more vibrant, livable place continues to be a top community priority. The redevelopment of Block 67 will help further meet the community's goals for Downtown Hillsboro as well as enhance the connection between Hillsboro's Health and Education District and the historic Downtown. The City does not intend to retain ownership of the block in the long-term, rather to work with one or more private developers that are capable of supporting the City's goals for Downtown. Question Deadline Date: 12/18/2021 12:00:00 AM The City of Hillsboro seeks a qualified partner to redevelop this critical site in an effort to advance the City vision and goals for Downtown, deliver needed market rate housing and contribute to Downtowns vibrant mix of uses and authentic character.
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