CASCADE STATION, the highly publicized and vibrant mixed-use development at the "gateway" to Portland International Airport (PDX), and initiated seven years ago has brought the $125 million Airport MAX light rail line to PDX along with $25 million of infrastructure improvements. The 120 acre site yields 800,000 sq.ft of retail space, 1.2 million sq. ft. of office space and 250 hotel rooms.
At completion, over 7,000 new jobs and $2.4 million in property taxes were offered to the City of Portland through this stunning partnership between the Portland Development Commission (PDC), the City of Portland and Tri-Met, Cascade Station Development Company (Trammell Crow Company, Bechtel and CenterCal Properties) and is now one of Portland's premier destinations - drawing from all of Oregon and SW Washington. Providing the retail component of this large scale development, Cascade Station Shopping Center is shadow anchored by IKEA and anchored by Best Buy, Petsmart, Ross Dress For Less and a dozen specialty eateries and restaurants including Parkstone Woodfired Kitchen + Taps, Red Robin and Starbucks.
In addition to drawing from the majority of Oregon due to the one and only IKEA in the state, Cascade Station Shopping Center also draws from the largest counties in neighboring Washington State, offering retail productivity leadership to all its retail establishments.
Cascade Station is a development of CenterCal Properties, LLC. www.centercal.com