New Commercial Rises in East & Heart of Bend

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(Photo | by Cascade Business News)

Users Sought as Cascade Lakes to Open Second Brewpub off 27th & Reed Market

A new commercial development anchored by a brewpub complete with rooftop garden, and a convenience store/gas station is rising in the East of Bend.

“Reed South” at the key southwest corner intersection of Reed Market Road & 27th Street is set to become a major hub for that fast-growing quadrant of town, which is also seeing sizeable residential projects emerge.

First up on the site will be a second Bend brewpub location for Cascade Lakes Brewing to go along with its successful west side establishment off Century Drive.

The two-story 5,000 square foot building to be completed by year-end will have its own distinct flavor, featuring brick and steel elements rather than a lodge style, and will boast spacious rooftop deck facilities with overhangs and sweeping Cascades views.

The 3.4-acre Convenience Commercial (CC) zoned site will also feature a C-store/gas station which will also be run by a local operator, with details to be confirmed, and potentially a coffee shop plus possible drive-through option, with several other Class A spec flex/retail suites available to lease in different possible configurations.

The mixed-use commercial venture is being developed and built by long-time Bend businessperson Kevin Spencer who owns Empire Construction and Development, with design input by Steele Architects.

Five buildings in total, in a similar contemporary style, spanning a combined 18,000 sq ft are being constructed in shell condition awaiting tenant improvements. Parking capacity is over 130 spaces.

Remaining available space ranging from 1100 to almost 10,000 sq ft is being offered for lease through Compass Commercial Real Estate and listing co-broker Bruce Churchill commented, “Reed South offers an excellent and rare opportunity for a wide spectrum of restaurants, retailers, medical, service retail and office users.

“Strategically located at the corner of Reed Market and 27th, it will provide an exceptional location for tenants to capitalize on an underserved market in Bend, and we have already seen strong interest in the project.”

The site also borders Urban Growth Boundary expansion areas, including the 382-acre future large-scale mixed-use development known as Stevens Ranch – sold by the State of Oregon to private developer Lands Bend Corp., which is planned to have 1,710 residential units and over 1.5 million square feet of commercial/industrial space.

Meanwhile, commercial expansion is also occurring in the downtown area of Bend with the development of “Pioneer Marketplace” at the northeast corner of Wall Street and Olney Avenue.

The high-traffic corner sits next to the 112-room Element by Westin extended-stay hotel and is being developed by the same operators.

Listing brokers Compass Commercial said there are two buildings of approximately 3,000 sq ft each available, with a lease already in place for hair removal specialists Urban Waxx for half of the building facing Wall St. The remainder of the space is available for a retail-type tenant, while the preference for the building oriented more toward Olney would be for restaurant use.

On-site parking will be reciprocal with the adjacent hotel, and the property benefits from high visibility and being situated at the signalized intersection of two of the major north-south and east-west connector roads in Bend, together with easy access to Highway 97/Bend Parkway.​ Annual average daily traffic (AADT) counts are in the region of 14,500 trips per day.

The site features views of Pioneer Park and the Deschutes River while ample outdoor patio seating is available to potentially increase traffic for restaurant uses.​

As the development rolls out, it represents something of an extension of downtown Bend just north of the urban core.

The adjoining hotel, Element Bend, has been built in an environmentally conscious way and focuses on sustainability, and utilizes eco-friendly products and practices. Amenities include an indoor swimming pool, free breakfast, a fitness room, and a full kitchen in each suite.

compasscommercial.com

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Simon Mather — CBN Feature Writer

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