Ferguson Road Apartments
This project is a 264+/- unit, new construction, garden style apartment complex located near the intersection of Ferguson Rd & SE 27th St in Bend, Oregon.
The Southeast region of Bend is one of the fastest growing areas of the city. Due to the large population influx that the region is experiencing, Bend is underserved in the multifamily housing sector. Recent reports have shown Bend to be in the top 5 fastest growing mid-size cities in the US. The immediate area offers unparalleled access to year-round outdoor recreation, breweries, restaurants, shopping, and employment. Mobility is excellent due to easily accessible local thoroughfares and highways. The property is located less than thirty minutes from the Redmond Airport, which is serviced by six airlines with direct flights to Denver, Los Angeles, Las Vegas, Phoenix, Portland, San Diego, San Francisco, Salt Lake City, and Seattle. The subject property is a portion of land scheduled for full annexation into the City of Bend in early Q2 2021 due to the expansion of the urban growth boundary.
Further details will be released in the near future.
Project Name: Ferguson Road Apartments (TBD)
Managed By: North Peak Development
Asset Type: Multifamily Housing Development
Multifamily Site Area SF: 407,294 SF (9.35 AC)
Unit Count: 264+/-
Lot Coverage: 92,874 SF
Stories: (9) 3-Story Multifamily Buildings
Property Status: Under Contract
Entitlement Status: In Progress
Equity Partner: Pending
Architectural Firm: Otak
Construction Timeline: Estimated at 22 Months
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