VANCOUVER, WA - Holland Partner Group celebrated two separate ground breaking ceremonies at Brenchley Estates and Living Green at Orenco Station. Brenchley Estates located at 28035 SW Parkway Avenue, Wilsonville, Oregon consists of 324 units and Living Green Orenco at Station located at NE Orenco Station parkway and NE Campus Court, Hillsboro, Oregon consists of 190 units.
Holland in partnership with The Carlyle Group broke ground on the fourth construction start of 2011 with Brenchley Estates. Later in the day Holland in partnership with Mesirow Financial Institutional Real Estate’s Direct Investments group celebrated its fifth construction start of the year with the ground breaking of Living Green at Orenco Station. Construction is currently underway on 1200 Madison in Seattle’s First Hill neighborhood, 901 Dexter in Seattle and 1111 Wilshire in Los Angeles’ City West. Along with these projects, Holland has eight construction starts planned for 2011.
“We are very pleased to partner with The Carlyle Group and Mesirow Financial Institutional Real Estate, Direct. They both represent decade long partnerships and it’s a pleasure to partner in success with both groups”, said Holland Partner Group CEO and Chairman Clyde Holland.
Brenchley Estates is located in Wilsonville, a relaxed family-oriented town situated about 18 miles to the south of Portland and considered the gateway to the I-5 high-tech corridor and numerous warehousing and distribution facilities, including Xerox, Mentor Graphics, Flir Systems, Sysco, Orepac and many others.
Living Green at Orenco Station is located in the heart of Hillsboro 100 yards from the MAX light rail. Intel is building D1X, their new $1 billion fabrication facility less than a mile from the project. Intel’s shuttle operates at the station providing residents with direct access to Intel’s four Hillsboro campuses.
Brenchley Estates and Living Green at Orenco Station will provide residents with a variety of lifestyle options and first-rate amenities including a recreation center, clubhouse, swimming pool, sports field and retail options.
“Holland has focused its development efforts around employment centers and transportation hubs, in thriving markets that are in need to housing that meets the needs of today’s sophisticated renter. We have an eye on efficient use of space, aesthetics and sustainability. Increased density that is well planned and executed makes housing more affordable and takes advantage of the infrastructure that communities have invested millions of dollars in building”, said Tom Parsons, COO in charge of Holland Development’s Pacific Northwest region
Site work for both projects started July 1, 2011 and Holland plans to deliver the first units for occupancy in spring 2012, with both projects finished by year end.