City extends proposal period for Westgate lot
Developers have until Feb. 22 to submit ideas about the former theater property
Beaverton will have to wait another month to find out what developers have dreamed up for the former Westgate Theater property.
The city issued a 30-day extension Friday to allow two potential developers more time to finalize their proposals for the 3.94-acre parcel in the heart of the city between Southwest Cedar Hills Boulevard, Hall Boulevard and the Westside light-rail line.
Apex Investment Group of Clackamas County and Urban Renaissance Group of Seattle have been working with the city and Metro to draft big plans to transform the downtown property into something special.
Both firms were scheduled to submit their proposals to the city Wednesday.
'The developers identified significant changes in market conditions, including financial, and their interest in working with adjoining property owners as the basis for their request,' said Lonnie Dicus, senior project manager for the city.
After reviewing the requests with Metro officials, the city decided to give the developers until Feb. 22 to submit their plans for redeveloping the Westgate property.
'Our Metro partners in the project agree it is a good idea in order to encourage strong proposals,' Dicus said about the decision to push back the deadline. 'The great challenge in redeveloping a downtown property is creating a project that is big and vibrant enough to grow, flourish and take on a life of its own by attracting businesses, people and activities.
'We want this to be a significant development that stands out and makes a statement.'
Both firms in the next month will be asked to prepare detailed proposals to present to the City Council and public for review.
Guidelines for the project call for a mix of retail, office and residential space in at least three buildings, between five and 10 stories each, on the site.
Beaverton and Metro officials also require that the project make full use of the nearby MAX light-rail line on the adjacent Round at Beaverton Central property while also incorporating 'green' building and energy-efficient techniques.
It's the overall vision, extras and financial backing to complete the project that will determine which developer will have a shot at purchasing and developing the former Westgate Theater property.
'We want to see something special - a development that is healthy and vibrant,' Dicus said. 'We're happy to work with them because we're trying to build the heart of our downtown.'