PORTLAND — Gramor Development has announced its newest project, an $80-million, 34-acre shopping center and apartment complex in Happy Valley, Ore., at the northwest corner of Southeast 172nd and Sunnyside Road.
The project, Happy Valley Crossroads, will be anchored by a $30-million, 144,000-square-foot Fred Meyer store and include an additional 40,000 square feet in retail shops and restaurants, as well as a 168-unit, 14.5-acre apartment complex. According to Gramor, retailers will include banking and medical offices.
To accommodate the increase in traffic, Gramor and Fred Meyer will pay for several transportation improvements, including a new traffic signal at Sunnyside and 169th Avenue, road extensions at both Southeast Misty Drive and 169th, lane enlargements, sidewalks and planter islands.
According to Gramor’s website, the average household income within 5 miles of the site is about $78,000. The population within a 5-mile radius of the development is 125,853, and is expected to grow by about 5 percent by 2019.