Bethany Village Adding Condos Amid Slowdown

PORTLAND-Housing starts were down 24% in September, but not because of Central Bethany development, which is preparing to break ground on the second phase of the Promenade condominiums. As company President Roy Kim sees it, Central Bethany’s multi-faceted development west of Portland and north of Highway 26 “is somewhat immune to the current economic slowdown we are facing.”

By developing multiple options for living in a single community — Central and South Parc apartment homes, the Promenade condominiums, Bethany Knoll Duet homes — and adding the convenience of a complete retail center and nearby high-tech employment, Kim says Bethany Village has been able to continually capture tenants.

The Promenade’s Building B will house 35 one-level homes within a four story building offering views of the Tualatin Valley and the coastal mountain range. The Promenade, located in the heart of Bethany Village, features underground parking, secured access and is within walking distance to the Bethany Village Centre which includes QFC, Hi-School Pharmacy, Blockbuster Video, Washington Mutual Bank, Starbucks and many other retailers. Completion and move-in are scheduled for the spring of 2002.

The l-shaped Bethany Development’s west and south edges border Claremont, with the east edge defined by Kaiser Rd. and the north edge by Laidlaw Rd. Eventually the development’s 130 acres will contain more than 1,000 homes, a combination of single-family, condominium, duet and apartment homes.

Some are still available in the first phase of the Promenade and reservations are being accepted for the second phase. These homes, one bedroom plus den, two bedrooms, or two bedrooms plus den, range in price from $120,000 to $348,000.