$100 Million+ Project Launched Overlooking Deschutes
A parcel off of Century Drive in Bend will be the site of a $100 Million+ project. Learn more here.
BY SIMON MATHER — CBN FEATURE WRITER
Ground has been broken on a spectacular site overlooking the Deschutes River in Bend which will feature luxury condominiums and, in the future, a 4-star and 5-star hotel, complete with a rooftop bar, as part of a 7.6-acre mixed-use development off Century Drive with an estimated price tag north of $100 million.
Ridgeland, Mississippi-based developers Wealth Hospitality Group plan to roll out the project in three stages, starting with The Ridge consisting of 37 high-end condos across five four-story buildings, boasting pristine views from the river canyon rim, while subsequent phases will feature two upscale hotel franchises and commercial space.
The condominium segment first floor will have around 11,500 rentable square feet of commercial space available for lease in four of five condo buildings.
The property is comprised of three tax lots, including the currently operating Pine Ridge Inn site, as part of an acquisition in 2018 (facilitated by locally-based commercial broker Walt Ramage of NAI Cascades) and the reimagination has been in the works for over three years after a protracted planning and approvals process.
To be known as The Ridge at Bend, the $40 million condo first phase will be followed by construction of a 115-room 4-star Hyatt House hotel, while Phase III will showcase the only 5-star hotel East of the Cascade Mountains – from the Autograph by Marriott consisting of 115 rooms, complete with rooftop bar. There will also be an event space at the rear overlooking the river.
The Autograph Collection is a group of independently owned and operated upper-upscale to luxury hotels within the Marriott International portfolio. “Iconic” and “historic” are two words frequently used to describe each outpost, which take pride in maintaining originality and delivering first-class amenities at every one of its over 270 independent hotels, located in the most desirable destinations across more than 45 countries and territories.
READ THE ORIGINAL CASCADE BUSINESS NEWS ARTICLE HERE
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