Friday, May 19, 2017

The Rise Old Town Celebrates Grand Opening

THE RISE OLD TOWN CELEBRATES GRAND OPENING


News Release from City of Beaverton
Posted on FlashAlert: May 19th, 2017 1:00 PM
BEAVERTON, Ore. -- The Rise Old Town, a new apartment building in downtown Beaverton, will celebrate its grand opening Wednesday, May 31.


The event will feature a reception with refreshments and building tours from 3 to 5 p.m. A ribbon cutting ceremony will take place at 3:30 p.m.


The new 3.5 story building, located at 4545 SW Angel Ave in Beaverton, features 87 market-rate apartments. The public-private partnership was supported by $350,000 in transit oriented development grant funds from Metro, as well as investment from the City of Beaverton and tax abatement from the State of Oregon.


The Rise Old Town is a development of Rembold Properties. Since 1974, Rembold has developed more than $700 million of real estate. Rembold projects demonstrate entrepreneurial vision, quality design and construction, as well as proven economic performance.


The city of Beaverton is home to more than 95,000 residents and is Oregon's sixth largest city. We are a friendly, active, and responsible city well-known for our exceptional community services and amenities, helping Beaverton residents enjoy a high quality of life. Ranked in the top ten of Money magazine's 50 Best Small Cities in America for 2016, Beaverton truly is "The Best of Oregon."


For more information, reminders and community news, visit www.BeavertonOregon.gov. Also follow Beaverton on Facebook at www.facebook.com/CityofBeaverton or Twitter at www.twitter.com/CityofBeaverton.


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