ARTICLE
The City of Tigard has finalized plans to acquire the former Regal Cinemas property—now referred to as the 72nd Avenue Redevelopment Site—a 10.39-acre parcel in the Tigard Triangle. The property will be split for a neighborhood park and potential mixed-use development, with closing expected in mid-August. A minor amendment to the Tigard Triangle Urban Renewal Plan will be adopted in August to formally incorporate the site. Early plans include a public-private partnership where the city and a developer would coordinate infrastructure and park construction. The site will be central to broader redevelopment in the Triangle and is seen as a rare opportunity for strategic land use. Next Steps: Developer outreach (Summer): Staff will meet with regional developers to evaluate the feasibility of a mixed-use building adjacent to the park. Community engagement (Fall): Outreach will include surveys and in-person engagement at community events and apartment complexes. Board workshop (December): Feedback will inform whether to issue a Request for Qualifications (RFQ) for a private development partner. Park concept planning (2026): If the RFQ proceeds, park design would begin next year with an advisory group. HBA will continue monitoring for potential development impacts and opportunities related to housing, infrastructure, and permitting timelines as the project evolves.
The City of Tigard has finalized plans to acquire the former Regal Cinemas property—now referred to as the 72nd Avenue Redevelopment Site—a 10.39-acre parcel in the Tigard Triangle. The property will be split for a neighborhood park and potential mixed-use development, with closing expected in mid-August. A minor amendment to the Tigard Triangle Urban Renewal Plan will be adopted in August to formally incorporate the site. Early plans include a public-private partnership where the city and a developer would coordinate infrastructure and park construction. The site will be central to broader redevelopment in the Triangle and is seen as a rare opportunity for strategic land use.
Next Steps:
HBA will continue monitoring for potential development impacts and opportunities related to housing, infrastructure, and permitting timelines as the project evolves.