Mixed-Use Development On Tap for Vancouver, WA

Holland Partner Group and EJF Capital plan to break ground this month on a mixed-used development in downtown Vancouver, Washington.

Block 10—as the project has been dubbed—will include 110 multi-family units with 79,000 square feet of office space and approximately 10,000 feet of retail space. The project will occupy an acre in a designated “opportunity zone” which will offer tax benefits to investors through a government program designed to spur economic growth in low-income areas. Block 10, which is projected to be complete in the spring of 2022, will join an estimated 19 apartment and condos buildings either planned or under construction in Vancouver, which is experiencing marked population growth partly due to the lack of a personal or business income tax. The city’s waterfront is undergoing a $1.5 billion revitalization effort along the Columbia River, which divides Washington state from Oregon to the south. Portland Oregon sits across the river from Vancouver.