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Real Estate

Brian Miller
Real Estate Editor
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May 27, 2021

On the Block: How an old quarry may become a mixed-use hub on the Columbia

In a former rock quarry overlooking the Columbia River, Kirkland Development is planning a hybrid condominium and apartment project at the new address of 19801 S.E. Ascension Loop in east Vancouver, just west of Camas. To that end, Parkview Financial of Los Angeles recently announced a $42 million construction loan for The Ledges at Columbia Palisades. The five-story project, designed by Otak, will have 51 condos and 91 rental units.

Kirkland is one of the early developers to break ground in the 84-acre Columbia Palisades, as the former quarry is now known. The broader development is led by Columbia Palisades Corp., an affiliate of family-run Weston Investment, of Portland. Veteran developer Joe Weston founded that well-known firm in 1957.

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