Over before it has begun? The City of Hillsboro will be taking another look at market conditions as they announced that the development of Block 67 has been put on hold.
Citing the rise of construction costs, the city has been re-evaluating the development that is to occur in the area between 6th and 7th Avenues in Downtown Hillsboro, bordered by Washington and Baseline Streets. Originally a Hanks-Thriftway, the now bare land has been eyed for adding to the urban renewal and vibrancy goals in Downtown Hillsboro.
According to Dan Dias, Economic and Community Development Director,”This property has the potential to significantly benefit all of downtown Hillsboro if done right. The timing of the market has to align, though, for this project to move forward as originally envisioned. We’re working to determine what’s possible in this economic climate and to understand all of the options for the site.”
Development on Block 67 was originally slated to be have equipment staged by a contractor December 2019 through mid-January. With the announcement of a hold, it is uncertain when development will truly get underway.
What are you hoping to see built in the Block 67 area? Affordable housing, mixed-use commercial and residential, or more grocery/restaurant options?