This year should end with the former US Bank property being transferred to Henry Point Development. The local development firm, owned by Travis Henry, has been working on feasibility studies and costs estimates for quite some time now. Information has slowly leaked out around town that something special would be coming to the corner of 2nd and Main. Well, last week the company quietly posted the first two sketches of what they have planned for the 1956 building and the associated drive-through space.
In an article I wrote in March of this year (US Bank Property Under Contract & Planning For What Is Next) I covered what was possible and how new life in this property could change downtown forever. Our research indicated that this property and the Merril Gardens site at 4th and Main would both likely move ahead in late 2021 or early 2022. So far so good. Merril Gardens broker ground 2 weeks ago and it is now public information that Henry and his team have attracted 4 really top-tier tenants.
From the website: https://henrypointdevelopment.com/restaurant
The adaptive reuse of the 17,000 SF vacant US Bank branch, in Downtown Hillsboro, OR. Worked closely with City of Hillsboro to secure catalytic grant funding to redevelop the building and surrounding site to accommodate four popular restaurant groups including Ex Novo Brewing, Grand Central Baking, The Sudra, and Sizzle Pie. The project scope includes a complete renovation of the building’s core & shell, including a 3,000 SF, elevator-served roof deck, enclosing the existing drive-through island into a tenant space, and repurposing the existing drive-through aisles into a European-style plaza space on the south side of the building.
The project is currently in Design Development with anticipated construction commencement in January 2022.
Architect: Design Department Architecture + Interiors
Engineering: KPFF Engineering
Contractor: Bartel Contracting
These are 4 strong tenants, and all seem to fit very nicely with our existing base of local businesses. It has been many decades since Main Street has seen this sort of excitement and investment. This is very rewarding for anyone who has spent their lives and money building the brand of downtown Hillsboro. Other building investments are happening that will be a big part of this resurgence, including Clark’s/Copperstone space at 264 East Main and the former Harvey Medical building at 140 NE 2nd Street, which is now in the hands of new owners who intend to restore it to its former glory!
Congrats to Henry Point Development; we look forward to seeing the plans submitted once the city design process starts in earnest after the new year. These are historic times indeed!