PORT OF CAMAS-WASHOUGAL ANNOUNCES LEAD WATERFRONT DEVELOPER

Washougal Wash. – April 16, 2019 – The Port of Camas-Washougal announces its chosen lead Waterfront Developer – RKm Development out of Portland, OR.

RKm Development is a long-time owner, developer and operator of numerous local mixed-use development projects in the Portland Metropolitan region. Their vision for the Waterfront at Parker’s Landing includes a harmonizing, multi-use area for dining, shopping, errands, family fun, and inter-generational entertainment, all next-door to beautifully designed residences with amazing waterfront views of the river and scenic gorge.

As agents for positive community growth, their depth and breadth of masterplan development experience will lend itself to creating a multi-faceted public epicenter, with design and programmatic elements that will not only boost the local economic engine, but also amplify the unique amenities of the site to attract visitors, customers and users from around the region. Their goal: to develop a vibrant mixed-use center and regional destination that amplifies and enhances the Camas and Washougal communities.

“Roy Kim and his team have developed a variety of dense, livable, mixed-use suburban districts,” reported David Ripp, Port CEO. “While the demographics for his signature projects are different, the approach is the same: Create a centralized community with diversity in mind.”

Next steps include negotiating an Exclusive Negotiating Agreement (ENA), which is an agreement between the Port and the developer specifying a period of time in which the parties will negotiate exclusively on a development project. The ENA binds both parties from making any similar deals with other parties for a specified period. It shows the Developer has represented its willingness and ability to undertake certain studies, plans and other activities necessary to define the scope of a development and determine the feasibility of such development on a particular site. The Agreement shall serve as the basis for entering into a Disposition and Development Agreement (DDA).

For more information and to follow the Waterfront Development progress, go to Port’s website at Portcw.com.