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News / Business / Business Briefs

Downtown Vancouver’s Lewis and Clark Plaza sold to Oregon buyers

By Anthony Macuk, Columbian business reporter
Published: November 19, 2020, 6:00am

The downtown Vancouver apartment complex Lewis and Clark Plaza has been sold to a trio of buyers, according to Clark County property records, with the largest share going to an Oregon company called UAA Lewis and Clark Plaza LLC.

The sale price was listed as $3.25 million. The 46-unit, low-income senior housing building was built by Vancouver-based Prestige Development and opened in 2004. Company president Elie Kassab characterized the sale as routine.

“Most low income housing developers sell after year 10,” he wrote in an email. “We kept it for 17 years and made sure we sell to a company that will continue the mission.”

Prestige intends to build more senior affordable housing “when the time is right,” he added.

Columbian business reporter