FINAL-Happy Valley announcement_ 4-14-15-w-links

FOR IMMEDIATE RELEASE: Tuesday, April 14, 2015
CONTACT: Dianne Danowski Smith, Gramor Development, Inc., (503) 201.7019
Kerry Dugan, (503) 320-3726
Melinda Merrill, Fred Meyer Stores, (503) 708-8890
GRAMOR ANNOUNCES NEWEST MIXED USE, RETAIL AND
RESTAURANT DEVELOPMENT IN HAPPY VALLEY
Fred Meyer will anchor Happy Valley Crossroads (http://gramor.com/development/happyvalley-crossroads/), a 34-acre development at the northwest corner of Southeast 172nd and
Sunnyside Road; the development will bring 400 jobs to the area
(Tualatin, Ore.) - Launching its next project, Gramor Development Inc. announces plans to begin
construction on a new mixed-use, retail center comprising an apartment complex, shops and eateries at
172nd and Southeast Sunnyside Road, intersecting with Misty Drive and 169th Avenue.
Construction at Happy Valley Crossroads (http://gramor.com/development/happy-valley-crossroads/)
will start this coming Fall, 2015, and create 150 building and retail jobs.
Said Barry Cain, president of Gramor (http://gramor.com/about-gramor/our-team/), “The Happy Valley
area continues its population and housing growth trajectory and can accommodate this $80 million
investment, which will bring a variety of grocery, banking, medical and retail offerings.” The entire
project area comprises 184,000 square feet of retail development (34.6 acres ), including an apartment
complex covering 14.5 acres.
Fred Meyer
(http://www.fredmeyer.com/)
plans to spend approximately $30
million to construct a 144,000square-foot store. The store will
have all the options in grocery as
well as apparel, furniture, garden
center, housewares, and home
decor. It will also include a fuel
center with space for 16 cars. The
Fred Meyer store and fuel center
will bring about 250 net new jobs.
"We have worked for many years to
find the right place to serve the
Happy Valley community," said Lynn Gust, president of Fred Meyer Stores, Inc. "We are pleased to work
with Gramor Development to be part of a high-quality development that will let us bring much-needed
grocery and general merchandise options to this neighborhood.”
~continued~
The development will feature a modern architectural approach, maintaining many trees and features
including plazas and pedestrian access as well as an adjacent 168-unit multi-family/residential
apartment complex. Eight buildings of various sizes will fit within the established area zoning
requirements allowing for Mixed Use 1 and 2 structures. Additionally, 768 car and 68 bicycle stalls are
part of the plan.
Construction starts in August or September, 2015, and the projected opening will be Fall, 2016. Local
road and transportation improvements will include sidewalks, planter islands, road extensions at both
Southeast Misty Drive and 169th Avenue, and lane enlargements. A new traffic signal will be installed at
Sunnyside Road and 169th Avenue.
“Alongside the larger retail complex, construction will begin on the apartments later this year with
occupancy expected to start in Fall, 2016,” said multi-family residential developer Paul Labby, president
of Carla Properties, Ltd.
Gramor Development (www.gramor.com) is working with Tiland & Schmidt Architects; Harper Houf
Peterson Righellis as planners and engineers; and Christopher Freshley as landscape designer.
The application, including the Master Plan, Comprehensive Plan/Zone Map Amendment, Major Design
Review Environmental Review and the Planned Unit Residential Subdivision plan was collectively
submitted in December, 2014 to the city of Happy Valley.
For information about retail and restaurant leasing (http://gramor.com/lease-property/happy-valleycrossroads/), contact Austin Cain or Natalie Butler at New & Neville, at (503) 241-1222 or Shana Alles at
Gramor Development, (503) 245-1976. For information about the apartment leasing, contact Evan
Labby or Jessie Firth at Carla Properties, Ltd., (503) 227-6501 or visit http://www.carlaprop.com/.
About Fred Meyer
Fred Meyer Stores, based in Portland, Ore., offers one-stop shopping at its 132 multi-department
stores in four western states. More than 30,000 Fred Meyer associates help customers fill their
food, apparel, and general merchandise needs in Alaska, Idaho, Oregon and Washington. Stores
range in size from 65,000 to 200,000 square feet and carry more than 250,000 products under
one roof. Additionally, Fred Meyer contributes more than $4 million to communities across the
Northwest each year through grants from the Fred Meyer Foundation as well as product
donations, cash donations and sponsorships. Fred Meyer also donates more than 4 million
pounds of food to local food banks each year via the Perishable Donation Program. Fred Meyer
Stores is a division of The Kroger Co. (NYSE: KR). For more information, please visit
www.fredmeyer.com.
About Gramor Development Inc.
Gramor Development (http://www.gramor.com/) has a reputation for uniqueness and innovation of
design, adherence to high standards of construction, special attention to pedestrian amenities and for
the overall quality of its buildings. Since 1985, Gramor has produced more than 60 developments totaling
three million square feet of mixed-use retail and office space, valued at nearly $1 billion. Gramor
Development is a privately held company headquartered in Tualatin, Oregon. Development projects in
Oregon City, Sherwood, Beaverton and metropolitan Portland include large, local retail properties such
as the Happy Valley Center, Sunnyside 205, Progress Ridge TownSquare, West Linn Central Village, and
Lake Oswego’s A Street Station and Lake View Village. The company has also developed successful retail
properties in Vancouver, Washington, including Lacamas Crossing, Mill Plain Town Center, Hazel Dell
Crossing, Salmon Creek Square and in progress, The Waterfront Vancouver, a 30-acre, 22-city block
prime shoreline development.