5th Street Market Expansion – Eugene Commercial Market Report
The project cost of development of the Eugene’s 5th Street Public Market expansion has risen from $60 million to $70. The addition of a 113-unit apartment building, a three-story retail and office building and an 82-room hotel are a major part of forming a vibrant Market District.
Added costs for tariffs on construction materials and contractor rates are not expected to affect the planned completion date of 2020. Building permits have been submitted and pending approval breaking ground is planned for January 2019.
EUGENE, Ore. – Developers are waiting for permit approvals to begin construction on the 5th Street Public Market expansion. We’ve learned the cost of the project, which would double the size of 5th Street Market, has gone from $60 to $70 million.
René Nelson, CCIM, CRE is a lifetime resident of Eugene, Oregon. That and her 25 years plus of experience with the Eugene real estate market gives her a long-term perspective. Look to Eugene Commercial Market Report as your number one source for market updates. Questions? Ask the expert, call René 541-912-6583.