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PORTLAND-The second phase of the 102-unit Promenade condominium complex at Bethany Village received its final occupancy permit this month from Washington County. Over 40% of the units have pre-sold at prices ranging from $145,800 – $354,800.

Bethany Village is a 138-acre master-planned development that, when complete, will contain more than 1,000 homes, a combination of single-family, condominium, duet and apartment homes. The L-shaped development’s west and south edges border Claremont, with the east edge defined by Kaiser Rd. and the north edge by Laidlaw Rd.

The Promenade, located in the heart of Bethany Village, features underground parking, secured access and close proximity to Bethany Village Centre, a 119,947-sf retail center. Promenade’s Building B, designed by Paul Franks Architects of Bellevue, Wash., will house 35 one-level homes within a four story building offering views of the Tualatin Valley and the coastal mountain range. The Promenade, when complete, will house 102, one-level luxury condominium homes in three separate buildings. Building A and B, four stories tall, and building C, which will be three stories tall offer tremendous views of the Tualatin Valley and coastal mountain range.

In March of this year, Central Bethany Development broke ground on the urban core of Bethany Village, Main Street at Bethany Village, which will consist of two three-story mixed-use buildings containing a combined 47,000-sf of street-level retail beneath 52 apartment units. The buildings are scheduled for completion later this year. George Macoubray of HSM Pacific Realty has the retail leasing assignment.

Bethany Village currently consists of Bethany Village Centre, the Bethany Village Office complex, the Promenade at Bethany Village, Bethany Knoll Duets (duplexes), the Bethany Village Montessori School and the South Parc and Central Parc apartment communities. Still to come is a 280-unit independent senior living facility, a 550-unit apartment community, a 120,000-sf office park and a 40,000 sf athletic facility.

In November of 2001, Central Bethany announced it had leased the last available space at Bethany Village Centre. QFC, Hi-School Pharmacy, Washington Mutual Bank, Starbucks and many other retailers that committed to space both before and after the economy began contracting. Lease deals were signed in the mid-$20s, generally, depending on length of lease, size of space and location within the development.

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