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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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Previous columns:
- On the Block: Who wants to buy the historic old Seattle Steam plant?, 05-20-2021
- On the Block: Developing affordable condos is easy … over in Newcastle?, 05-13-2021
- On the Block: With $20M land buy, Shea plants the first TOD flag near Shoreline South station, 05-06-2021
- On the Block: Could senior housing be a post-pandemic winner?, 04-22-2021
- On the Block: With new spa, 300 Pine begins to fill its reconfigured retail space, 04-15-2021
- On the Block: What will happen when WFH meets BTO?, 04-08-2021
- On the Block: The humble old Mercer trench is about get a lot more glamorous, 03-18-2021
- On the Block: From surplus ponchos to electric trucks: Rivian is coming to Belltown, 03-04-2021