Lents Town Center will transform with new development projects by 2018
Lents neighborhood is finally coming together with four grand construction projects to be completed by by 2018. Three of the projects are already under construction and the prospect of this neighborhood is bringing much excitement and anticipation from residents. Lents Town Center Renewal Area was formed in 1998 and Portland Development Commission (PDC) has invested $90 million in infastructure, facilities, transportation, and business development but actual transformation of the area has been lagging until early 2014 when PDC and the city came up with the Lents Five-Year Action Plan to focus investments and actual development in Lents Town Center.
Four projects are as follow: Oliver Station, 9101 SE Foster Project (mixed-use project with 54 units), The Asian Health and Service Center, and Woody Guthrie Place. Oliver Station and 9101 SE Foster both offer total 180 affordable housing units in the building as well as ground floor commercial space for shops and restaurants.
The new buildings will all center around SE 92nd, SE 91st Ave and SE Foster Rd & SE Woodstock Blvd. On northeast side of the SE 92nd Ave and SE Foster Rd intersection, there are already popular bars and restaurants including Zoiglhaus Brewing Company, El Pato Feliz, and The Eagle Eye Tavern. Around the corner on SE Foster Rd, there is Oliver’s Cafe and Portland Farmers Market – Lents International. With the presence of new buildings that will bring in lots of residents and businesses, by the end of 2018, Lents Town Center is expected to be thriving.
Construction is already underway as you may have seen New Copper Penny building being demolished over the snowpacalypse. That intersection of SE 92nd and Foster are currently filled with construction projects on three parts of the quadrant in the intersection.
Homeowners and home buyers in Lents neighborhood are wondering what this all means to their housing value in the future. If the renewal project becomes successful with the current rate of growth in Portland, it’s no brainer that Lents housing value will increase in the future. As the real estate boom wave has been spreading through SE Portland neighborhoods including Foster-Powell, Brentwood-Darlington, Mt. Scott-Arleta from already saturated areas like Woodstock and Creston-Kenilworth, Lents will be the next destination.
Lents Town Center Development Projects Timelines
|Initial PDC Board Approval||Design Review Initiated||Construction Start||Construction Complete / Opening|
|Oliver Station||June 2015||May 2016||Expected December 2016||Expected
|9101 SE Foster||June 2015||November 2015||Expected October 2016||Expected
|Asian Health & Service Center||June 2015||February 2016||Expected December 2016||Expected
|Woody Guthrie Place||November 2015||Expected
|*Timelines subject to change|