The Port of Chehalis has closed on a $2.75 million property sale to Cascade West Investors LLC.
It’s the largest sale the port has had to date, according to a news release from the Port of Chehalis.
Cascade West Investors intend on developing the 43.1-acre parcel of land into a “workforce housing development” featuring 34 townhouse units, 67 single-family homes and 96 apartment units, according to preliminary site plans provided by JSA Civil.
The property is located on Bishop Road between Jackson Highway and Rush Road.
“We are supportive of economic development opportunities in our community,” Port of Chehalis Commissioner Mark Anders said in the release. “We aren’t in the business of housing, but we are glad to contribute to the workforce housing issue with the sale of our only residentially zoned parcel.”
The release added that while the port is committed to supporting and improving economic development within the Chehalis area, there is a proven need for more workforce housing to accommodate new businesses and bringing in more employees.
Additionally, the parcel is adjacent to existing housing, so port commissioners decided it would best serve the community as a housing development.
Port staff intend on using the $2.75 million obtained from the sale to purchase more light industrial zoned property in the port’s footprint in order to better entice more businesses to develop in the area.
“Cascade West Investors is pleased to continue to invest in our community,” a Cascade West Investors representative said in the release. “As more needs arise to support the Chehalis area, we hope to be there to help.”
The Chronicle has reached out to the Cascade West Investors representative to ask when developers hope to break ground on the project and when it will be completed.
For more information on the property, visit the Lewis County Parcels website at https://tinyurl.com/3aujus8v.
