We have recently learned that CA Ventures has purchased the property on Lincoln just south of Fred Meyer.  They purchased both the sites — the one originally targeted for student development next to Fred’s as well as the one further south which was targeted for general apartment housing.

Under the original approval, there were a total of 391 dwelling units (216 – Campus Crest, 175 – Stebner).  We have been told by the Planning Department that the new developers (CA Ventures) will be submitting new plans.  Once this material is submitted, we will have a better understanding of their intentions and what public processes (e.g., neighborhood meetings, public notifications, etc.) may be needed.

We are aware of the concerns expressed by the surrounding residents, and it appears there may be actually less overall development of the area than previously planned.  However, we won’t know for sure until plans are submitted.