26 May 2022

Revitalization Grant Awarded – Coos Bay

0 Comment

Oregon Heritage, a division of the Oregon Parks and Recreation Department has awarded a matching Revitalization grant in the amount of $200,000.00 to Corbett Building Investments LLC for work on the 161 Date Avenue building in the Historic Waterfront Heritage Zone in the Front Street District in Coos Bay. The grant will provide matching funds for the rehabilitation of the entire 1930s building. It will be a mixed-used conversion of one large rentable space into four commercial units and two residential units to return the property to a state of utility and preserve the historic integrity of the property. The project will follow and meet the criteria of the U.S. Secretary of the Interior’s standards.

Upon hearing of the award, Heidi Sause of Corbett Building Investments LLC shared her enthusiasm. “By using a model that has successfully earned us recognition from Main Street awards for Best Re-Adaptive Use in 2020 and 2021 this project will add value to the community. We will divide the building’s interior floor plan into more affordable and creative spaces for lease, rather than one large expensive unit. This technique downsizes the economic barriers to entry, attracting new business owners, by lowering their rental overhead. We populate the area with a diversity of demographics and quilt together a new neighborhood with more colorful ventures. The new tenants will add to the area, planting the seeds for a vibrant Front Street community. This lot has ample parking for all future tenants, customers, and clients on-site, without stressing the public parking availability. We are honored to be selected for this award.”

Please join us in celebrating this award at 999 N. Front Street in Coos Bay on Thursday, June 16th at 3:00pm. More information will be coming on a groundbreaking and construction start date.

This project supports the City of Coos Bay’s objective to promote housing and encourage investment in the heart of the City’s Historic Waterfront Heritage Zone. It also highlights the Coos Bay Downtown Association’s advocacy and support for local businesses. Projects like these help those businesses thrive by participating in a vibrant and evolving downtown.