Holland Partner Group Breaks Ground on First Multi-Family Apartment Homes at Reed’s Crossing, Oregon’s Largest Master-Planned Community
HILLSBORO, Ore.--(BUSINESS WIRE)--May 22, 2019--
Reed’s Crossing by Newland is pleased to announce that Holland Partner Group has broken ground on the construction of 324 apartments in the largest mixed-use master-planned community in Oregon. Holland’s contribution to the community, located in South Hillsboro, will consist of 14 garden style residential buildings containing a mix of 1-4 bedroom floor plans. The firm will also build a clubhouse with community amenities, including a pool, lounge and both indoor and outdoor kitchens.
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The apartment community is seeking National Green Building Standard’s gold-level certification in order to provide residents with environmentally friendly, energy efficient, and healthy homes.
Holland will offer two special programs at Reed’s Crossing called Holland Offers More Equity (HOME) and Builder Lease. The HOME Program allows residents who live in a Holland Rental Community to accrue a portion of their paid rent as a credit to be applied toward the purchase of a new home from select builders within the Reed’s Crossing master planned community. The Builder Lease Program gives contracted homebuyers at Reed’s Crossing the flexibility to rent at the community until their home is complete without paying a short-term rent premium. Holland will work with Newland and select builders at Reed’s Crossing to implement these programs as the for-sale developments progress.
“Holland Partner Group is excited about the impact the Reed’s Crossing Community will have on South Hillsboro and the city’s housing shortage,” said Brenner Daniels, Holland’s managing director in the Oregon and SW Washington regions. “We’re dedicated to providing diverse housing options that are sustainably built and provide access to open space and community amenities. Future residents will experience a truly dynamic environment where they can live, work, and play within the master-planned community.”
“Reed’s Crossing is more than just a development, it’s the creation of a community,” said David Brentlinger, Newland’s vice president of operations for Reed’s Crossing. “We are proud to collaborate with Holland Partner Group to help us realize our community vision. Their integrity, high quality of work, and forward-thinking programs will help bring Reed’s Crossing to life.”
About Reed’s Crossing
Located in Hillsboro, Ore., just 13 miles from downtown Portland, Reed’s Crossing is the largest mixed-use master-planned community, by density, in Oregon. Major nearby employers include Intel and Nike. Cornelius Pass Road is the gateway to Reed’s Crossing, with boundaries on Tualatin Valley Highway and SW 229 th and SW 209 th Avenues. The Reed’s Crossing community is owned by a business entity of North America Sekisui House, LLC (NASH) and IHP Capital Partners and is being developed by Newland Communities, the master developer of the community. NASH and Newland share a deep commitment to sustainable development practices, have strengthened their intentional focus together in all communities they are creating across the country. Reed’s Crossing is one of 30 assets the NASH-Newland partnership owns or manages together, in 14 states across the US.
For more information, visit ReedsCrossing.com.
North America Sekisui House, LLC (NASH) and Holland Partner Group joined forces in 2013 to form a strategic venture based on shared corporate philosophies related to economic goals and social responsibility.
The venture utilizes predictive market research to identify the best markets, select exceptional sites, and develop quality designs that are aligned with market demand. They then execute exceptionally.
The venture’s value for social responsibility is articulated by its shared vision statement for sustainable, mindful community development:
“We will utilize resources responsibly, embracing the evolution of sustainable development. We are committed to protecting human health and the surrounding environment through the creation of high-quality, thoughtfully considered multi-family and mixed-use developments that connect people with places they can live, work and comfortably enjoy life.”
The vision is supported by a set of guiding principles that provide a moral compass for the project teams as they work through the project life cycle of acquisition, planning, design, construction and operation. The principles allow for flexibility to address the unique attributes of each project’s site, market, product type and governing authority requirements.
About Holland Partner Group
Founded in 2001, Holland Partner Group is engaged in the development, construction, acquisition, redevelopment and management of multi-family and mixed-use communities throughout the western United States. The firm owns over 15,000 residential units and manages approximately 25,000 units for its partnerships and third parties. Holland currently has almost 7,000 residential units under development and construction within the Washington, Oregon, California, Arizona and Colorado markets.
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CONTACT: Kelliann Amico
KEYWORD: UNITED STATES NORTH AMERICA OREGON
INDUSTRY KEYWORD: ENERGY OTHER ENERGY PROFESSIONAL SERVICES FINANCE ENVIRONMENT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
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PUB: 05/22/2019 08:00 AM/DISC: 05/22/2019 08:01 AM