Big Changes Coming To Downtown Canby

21 Nov
Canby Oregon, Canby, 97013, Canby Homes, Canby Homes For Sale, Canby Oregon Real Estate, Canby Oregon Properties, Canby Properties, Canby Realty

One of the Canby, Oregon buildings reportedly for sale

The Portland Business Journal recently reported on some significant upcoming real estate changes about to occur in Canby. Here’s the report, courtesy of the Portland Business Journal:

“Developers interested in redefining an entire downtown might want to check out what’s on the market in Canby.

Thanks to an impending consolidation of city offices into a new civic building and library, the city, a few miles south of Portland, is selling five of its downtown buildings and up to one full city block. The properties are all in the city’s downtown core between First and Third avenues on Holly and Ivy streets.

The buildings to be sold include the existing library, the development services building, the finance building and the former police headquarters. They range in size from around 2,000 square feet to about 10,000 square feet.

Renate Mengelberg, economic development director for the city, said the city does not have a firm asking price for the properties because it wants to encourage a wide array of development proposals.

“We are willing to be flexible and really want to encourage creative proposals,” she said, adding that the new civic building will be completed in 2016.

The city has issued a Request for Expressions of Interest to spur development ideas. An open house and tours of the properties will be held on Nov. 19. Proposals will be due Jan. 9, 2015.

The city is looking for ideas for one or more of the properties from local businesses looking for space or developers who might be interested in a project of a bigger scale. Officials will also be looking for proven development teams with solid financial resources. That said, the city is also open to assisting through its façade improvement program and a revolving loan program that provides loans of up to $250,000.

In addition, the city of Canby has applied for a vertical housing program that would provide a 10-year property tax abatement of second- to fourth-story residential development over retail. It expects to gain approval for the zone by the end of this year.”

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