WILSONVILLE, OR-Costa Pacific Communities’ investment in master planning a mixed-use new urban village on the site of the former Dammasch State Hospital here is already starting to pay off. One month after closing on the 198-acre property here from the State of Oregon for $13.6 million, the locally based developer closed the first phase of a 158-acre contract sale that will bring in a total of $32.7-million. The buyer, West Hills Development, will immediately begin grading for construction of approximately 230 homes on the site. The sale marks the start of the first construction for Villebois, a $500-million redevelopment project considered one of the largest in Oregon’s history.When completed in 2008, Villebois will contain 2,500 to 2,700 housing units in three distinct neighborhoods, each with a central core. Housing will increase in density from the outer edge of the property toward the higher-density Village Center with residential-over-retail buildings, office and commercial space situated around a central plaza. There will be parks, 130 acres of open space and a public elementary school. Approximately 56% of the homes will be apartments and condominiums.Costa Pacific was chosen by the State of Oregon and the City of Wilsonville to master plan the development in 2001 following a nationwide search for a developer. The 500-acre project (230 acres net developable) received master plan approval from the City of Wilsonville in August 2003. To date, Costa Pacific has invested $5 million in the project.The 158 acres being acquired by West Hills Development over the next four years is slated for 850 single-family homes. Costa Pacific is holding onto another 54 acres for the village core, a mixed-use area in the heart of the community that will feature 1,054 apartment and condominium residences and serve as its major retail and commercial focus. Costa Pacific is best known for its work co-developing Orenco Station, a 209-acre transit-oriented community in Hillsboro that the National Association of Home Builders in 1999 chose as “Master Planned Community of the Year.” Costa Pacific president Rudy Kadlub tells GlobeSt.com the first apartment complex could get under way next year as a joint venture with a multifamily builder. The commercial portion of the project could be as large as 200,000 sf depending on demand for office and retail space, he says.

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