Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WILSONVILLE, OR-Regional homebuilder Don Morissette, Costa Pacific Homes of Beaverton and West Hills Development of Portland and out-of-state developer Newland Communities are the four finalists hoping to develop a 190-acre state hospital property in west Wilsonville and 300 acres of privately owned land that surrounds it.

Actual construction should be a long time coming, however, as the land currently lacks any urban amenities, such as electricity and storm and sanitary sewers. Substantial road improvements also will be necessary for the site, which lies about one mile from Interstate 5. Off site improvements alone could run as high as $55 million, according to city officials.

The hospital property is considered the largest and most likely redevelopment opportunities in the region, in part because much of it lies within the area’s urban growth boundaries. The other large development opportunity in the region, the 300-acre St. Mary’s property on the other side of Portland in Hillsboro, will be more difficult to develop, as it remains outside the city’s UGB.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.