Banks Oregon is a small town close to hwy26, Hillsboro, and Forest Grove. However, I dont see new developments there, while Forest Grove is growing a lot, as well as Hillsboro. The city has parcels (residential zone) annexed but no builder applied. What could be the cause?
Isn’t banks outside the urban growth boundary?
there are a bunch of projects in the works I have one that is 160 lots.. you should go to the city council meetings and support us !!!!
@Chris Shepard each city has a UGB its outside the Metro UGB but it has its own.. just like say Newberg or Yamhill or any other little burg not touching metro UGB.
@Jay Hinrichs what projects are in the works?
the left over land from arbor village has been bought by Lennar and they will build that out.
all the the property on the East side of the railroad that is in the UGB and city limits is in play currently.. We have an option on one of the properties I mentioned above.. that is all the land there is in Banks currently .. its about 4 parcels but the lot yeild is in excess of 500 new lots or homes.. of which I hope to do 160 of those bad boys !!!
@Jay Hinrichs Do your lots have Build-to-rent potential? Or do you just plan on selling?
Originally posted by @Account Closed :
Jay Hinrichs Do your lots have Build-to-rent potential? Or do you just plan on selling?
No. 400 to 500kproduct.
I saw a Lennar sign for new homes too