207 E. McAndrews Road, Medford, OR 97501
Medford's First Institutional Apartment Complex Site ($3.22M)
Merit represented the buyer and developer of Medford, Oregon’s first institutional-quality apartment complex
Medford’s First Institutional-Quality Apartment Complex
Caspian Hoehne of Merit Commercial Real Estate, in cooperation with Chris Martin of John L. Scott Real Estate, exclusively represented, and continues to represent, the buyer/developer of The Reserve at Northgate, Medford’s first institutional-quality apartment complex. Featuring 370+ units over 2 phases, The Reserve at Northgate is Southern Oregon’s premier apartment complex, complete with luxury units, clubhouse, gym, pool, garages, and much more.
The transaction was complex and required the buyer, brokers, and legal counsel to navigate complex ODOT approvals, existing easements, municipal approvals, environmental remediation, and many other hurdles. The transaction successfully closed at a great price and broke ground roughly 12 months later.
Total project capitalization, once complete, is projected to be over $70,000,000.
Property Info
$3,220,000
Development Land
21.20
Buyer
8/23/2022
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