Phoenix to rise from Value Inn rubble
TUALATIN - A phoenix is known for rising from the ashes, but in Tualatin, a Phoenix Grand Hotel will be rising from another hot spot. The hotel will be constructed on the site of a demolished inn formerly known for continual criminal busts.
Steve Johnson, president for Vips Industries Inc., says his company has some big plans for a five-acre site along Lower Boones Ferry Road that includes the old site of the Bridgeport Value Inn, which just closed Sunday.
A four-story 100 plus unit hotel and 45,000 square feet of high-end retail are planned for the site. The hotel will be called the Phoenix Grand.
Johnson said that recent redevelopment along the Lower Boones Ferry Road was a factor in the company's decision to build up its 7-parcel property in the area.
The company will be meeting with city officials on Friday for a pre-application conference. Johnson said the site of the old inn should be demolished completely sometime this winter and construction on the project should begin late spring or early summer with a completion date set tentatively for June 2008.
Vips is a regional hotel and restaurant company, which owned and operated, more than 70 restaurants and 15 hotels. Currently the company owns only one restaurant and two hotels, including the Phoenix Grand in Salem.
Vips Industries Inc. is not new to Tualatin. The company actually constructed and first operated the Pigs and Pancakes restaurant in 1968. The company also constructed and first operated the inn known as Bridgeport Value Inn in 1972.
Those were the first restaurants and hotels the company ever owned, Johnson said.
'Now we're coming back to where it all started,' he added.