Get A Price

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:

Additional News Releases From Portland SEO:

September 20, 2018E-Commerce Fueling Demand for Huge Spec Warehouses: Augusto Beato

September 19, 2018Make Proper Adjustments for Vertical Screen, Augusto Beato Urges Video Ads Creators

September 17, 2018E-Commerce Firms Should Cut Shipping Cost Through Automation: Portland SEO's Augusto Beato

August 27, 2018Firms Compromising Phone Call Data Lose Track of ROI for Ads: Portland SEO's Augusto Beato

August 24, 2018Humans Still Irreplaceable in Monitoring Offensive YouTube Content: Portland SEO's Augusto Beato

August 22, 2018E-Commerce Firms Racing for Quickest Delivery Times, Says Portland SEO's Augusto Beato

August 21, 2018Businesses Leaning on Social Commerce for One-Stop-Shop Platform, Says Portland SEO's Beato

August 17, 2018High Schools Should Create Awareness in Cybersecurity Careers, Says Portland SEO's Augusto Beato

August 15, 2018E-commerce Growth to Bring About Construction of Multi-Story Warehouses

August 07, 2018Portland To Create Inventory of Rental Properties