The Corvallis City Council moved closer to approving one of the largest developments in the city in at least a decade.
Councilors voted unanimously on Monday night to tentatively move forward with an annexation agreement for 118 acres of property near the 53rd Street roundabout.
The decision, which still requires the council to approve formal findings at a future meeting, likely means housing â perhaps more than 1,000 units of it â will be built on the property. It would be the largest single development in Corvallis in at least a decade.
In recent years the largest developments have been student housing, including the Retreat (approximately 1,000 bedrooms), Domain Corvallis (approximately 900 bedrooms) and the Sierra complex at Washington Yards (approximately 700 bedrooms).
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There might not be a plot of land in Corvallis that has inspired more discussion than the acreage along the now-extended Northwest Circle Boulevard between Witham Hill Drive and Harrison Boulevard.
It took eight annexation votes, the final one in 2004, to get the 95 acres of property into the cityâs stock of land. It took until 2015 for city land use actions and state court battles to wind up, with the final decisions allowing the construction of 900 bedrooms of student housing.
Along the way the project changed hands twice and morphed from Campus Crest to College Crest to the Domain Corvallis before it was built by Corvue Holdings, a Chicago-based privately held national real estate and development company that specializes in purpose-built student housing.