Augusto Beato: Construction at Lloyd Theater Site to Push down Rental Costs

March 06, 2018
Download as PDF Single Release RSS Feed
Facebook Twitter Google Digg Reddit LinkedIn Email

Augusto Beato, CEO of Portland SEO, lauded the high-density housing construction on the site of the Regal Lloyd Center 10 movie theater for helping manage the high cost of rent in the area.

To learn more about Portland SEO, click here.

"The construction project is expected to push down the average monthly rent for a one-bedroom apartment in Lloyd District, which costs $1501 as of January 2018," shared Beato.

The Lloyd District, where the site of the Regal Lloyd Center 10 is located, has the 11th most expensive rent in Portland's 42 neighborhoods.

There will be 1,366 apartments that will rise on the theater site at 1510 N.E. Multnomah St. in Portland plus 72,000 square feet of retail space, 800 auto parking spaces, as well as bicycle parking.

Developers are obtaining a building permit for the first phase of construction on what's now the theater's parking lot.

Construction on the second phase, which includes the theater site and a surface parking lot across the Multnomah Street, will mark the end of the 10-screen movie theater. But mall officials say a new 14screen theater built in the mall's former Sears space will be finished first.

Lloyd Center officials confirmed that Regal would operate the new theater, which would include recliners in the auditoriums, a bar and lobby dining options.

The new Lloyd Center theater would be built in the remodeled third level of the former Sears, while the first and second floors would be divided up for use by retail or office tenants.

The replacement theater project, which is still in the initial stages of the permitting process, is expected to be completed by 2019.

The Regal Lloyd Center 10 was built in 1987.

SOURCE: Press Advantage [Link]

Download as PDF Single Release RSS Feed
Facebook Twitter Google Digg Reddit LinkedIn Email

About Portland SEO:

Here at Portland SEO we earned the reputation as the best Internet Marketing Service in all of Portland for a reason. We Offer : SEO Services, Reputation Management, Social Media Marketing, Web Design, Public Relations, Video Production, PPC

Contact Portland SEO:

Augusto Beato
111 SW 5TH AVE
Suite 3100,#3102
Portland, OR 97204
(503) 278-5580

Social Media:

This News Release Was Picked Up By These Local News Sites:

Digital Journal

Additional News Releases From Portland SEO:

March 20, 2018Digital Marketing Agency CEO Urges Portland Music Lovers to Witness Bon Iver's Inventive Show

March 20, 2018Disaccord Between Lawmaker's Job and Housing Programs Notes Portland Digital Marketing Agency

March 20, 2018Search Engine Marketing Agency Wants Portland to Take a Closer Look at its Bridges in the Aftermath of Florida Incident

March 19, 2018Portland Marketing Consultant Upbeat About Rise of Latino Music in Portland with Savilá Leading the Way

March 09, 2018Portland SEO Sees Need for More Gum and Dental Implant Solutions

February 26, 2018Augusto Beato: Portland's Rising Tech Talent Key to Stimulating Job Growth

February 23, 2018Augusto Beato Warns Against Deteriorating Influencer Marketing Practices

September 28, 2017Adwords Management Company Portland SEO Backs Jones Act Permanent Repeal, Today, the White House waived the Jones Act, an obscure, nearly 100-year- old law

August 08, 2016Portland SEO Launches New E-Commerce SEO Service