Tenants are beginning to line up for a new shopping center taking shape in the 1300 block of Northwest Ninth Street.
Work began this spring on Riverbend Square, a 2-acre shopping complex on the east side of Ninth between Starker and Grant avenues just north of the Goodwill thrift store. Plans call for five multi-tenant buildings ranging from 3,400 to 5,600 square feet arranged around a central parking lot.
Now that some of those buildings are starting to come out of the ground, potential tenants are beginning to negotiate for storefront space in the project.
“We have a lease out for review for one space for 3,500 square feet,” said Gary Pond of Commercial Associates, a Corvallis-based commercial real estate firm.
“We have four letters of intent for negotiation that combined would take between 4,500 and 5,000 square feet of space.”
Pond said he couldn’t name any of the possible tenants yet because no leases have been signed, but he added that the companies involved are in the food service, personal service and electronics fields.
For now, construction is focusing on two buildings that front on Ninth Street. Structural work on those buildings should be completed sometime next month, with interior improvements for specific tenants to follow, Pond said.
The shells of three more buildings at the rear of the property, including one approved for a drive-through window, should be finished and ready for tenant improvements by spring.
“We expect to be done (with construction) by March of 2018,” Pond said.
The $3 million shopping complex is being developed by Goldfinch Real Estate, a Corvallis firm owned by Qing Wu Wei and Ying Qin Tong.
Reiter Design Group of Beaverton designed the 23,000-square-foot center, which will feature differentiated facades with a mix of stone, brick and stucco veneer and metal awnings and canopies on the building fronts.
GBC Construction of Corvallis is the general contractor on the project.