The 14-acre site, which will include restaurants, retail and office space, and more, sits on former rock quarry
A new development plan in east Vancouver has been submitted to the city, and that plan calls for 14 acres of space for retail, restaurants, offices, hotel, and multi-family residential units.
The Palisades will be located on the 192nd corridor, just off State Route 14, with open space, parks, trails, and views of the Columbia River.
Romano Capital Inc. and Cascadia Development Partners announced the submission last week.
“We are excited to create a new dynamic center for a rapidly growing community,” said David Copenhaver, president and partner at Cascadia Development Partners. “The junction of Camas and East Vancouver is a highly accessible area with a large concentration of major employers, housing, and new development. A development this size in a rapidly growing market is a truly unique opportunity.”
The area has already seen substantial growth in recent years. Research, according to a press release from the partners, indicates that population growth is expected to be at 1.21 percent year over year for the next five years. Those numbers make the Palisades one of the most desirable submarkets in the Vancouver-Portland metropolitan area.
The Palisades site sits on a former rock quarry that began the process of reclamation in 2011.
“This development aims to fuse suburban living with urban-style amenities. The project will provide residents with walkable access to local businesses and restaurants while also being close to the PDX airport and Columbia (River) Gorge,” said Kess Romano, CEO of Romano Capital. “We are dedicated to delivering dependable investment opportunities while contributing to the growth of the community. The Palisades development is precisely the type of project that aligns with these values.”
Also read:
- POLL: Should Washington voters have the opportunity to Reject ESSB 5599?Should Washington voters have the opportunity to Reject ESSB 5599?
- IBR successes and challenges after three and a half yearsThe Interstate Bridge Replacement (IBR) project faces both successes, such as securing significant funding and approval for light rail as the transit component, and challenges, including the lack of funding from Oregon, legislative obstacles, tolling controversies, and the requirement for approval from the US Coast Guard and Army Corps of Engineers.
- Opinion: Voters deserve the opportunity to ‘Reject 5599’Clark County Today Editor Ken Vance believes Washington lawmakers need to get out of the parenting business.
- Opinion: ‘Put tolling in front of voters’Long-time Clark County citizen and journalist Marvin Case shares his thoughts on tolling and light rail.
- Class of 2023: Mountain View student-athletes willing to serveIt turns out that Air Force Academy recruits Kyle Chen and Jacob Martin will not be teammates in college football, but they will forever be linked as Mountain View High School students and leaders who are willing to serve.
- Study: Washington state has the strongest economy in the U.S.Washington state ranks first in the nation for its economy, boasting a high employment rate, strong innovation potential, and a large number of exports, according to a study by WalletHub.
- Applications for 2023 Eviction Prevention Rental Assistance Program funds available June 12Clark County Community Services is accepting applications for prevention assistance programs, with approximately $4.3 million available each fiscal year in 2024 and 2025, and at least 10% of the funds will be allocated to organizations serving marginalized populations.