Killian Pacific has begun construction on its newest development, a 246-unit sustainably designed community between Camas and Washougal, Wash. To fund the construction, Killian Pacific secured a $58.4 million construction loan from Umpqua Bank in December 2021, according to Yardi Matrix data.
Working with design and construction partners Holst Architecture and R&O Construction, Killian Pacific’s Ninebark is slated to finish construction in spring 2023, with the first phase delivery planned for January 2023. Sunrise Management will be in charge of property management and leasing.
“An abundance of green elements is vital for many multifamily residents today,” Joe Greenblatt, president & CEO of Sunrise Management, told Multi-Housing News. “We are honored to work on this visionary community with Killian Pacific, which is committed to building strong and sustainable communities.”
READ ALSO: Meeting the Eco-Conscious Demands of Young Renters
According to the Portland Business Journal, the $80 million build will feature eight energy efficient buildings. Located on 9 acres along the Columbia River, water quality protection and energy conservation are integral aspects of the property. Ninebark has received a Salmon Safe certification and is working towards a Fitwel certification. Certain spaces on the property are also targeting net zero ready.
Ninebark will house a mix of one-, two- and three-bedroom apartments ranging from 550 to 1,600 square feet. Residents will be near the Columbia River, a public park, walking and bike paths and have access to private outdoor equipment such as kayaks and bikes. Located in Southwest Washington, the community is 15 minutes from Vancouver, Wash., and Portland, Ore.
Preleasing for Ninebark begins October 2022.