Project Partners Sign 99-Year Lease

EUGENE, Ore. — A Eugene businessman locked down a 99-year deal with Lane County Monday. Brian Obie, owner of the Fifth Street Public Market and Inn, along with Lane County officials and the Housing and Community Services Agency (HACSA) of Lane County put wet ink to paper that afternoon. The partners signed the lease for a mixed used $54-million development project in downtown Eugene along East Sixth and Oak streets. More than a year in the making, they say this is a proud moment.

“We are embarking on something that is good for this community. We are going to bring I believe real urban dwelling to the city of Eugene for the first time and create, hopefully, an example for others to follow,” said project developer Brian Obie.

The project will include a 64-unit publicly subsidized housing complex, grocery store and movie theater.

The developer hopes to break ground on Sept. 15th in 2015 on the 100th anniversary of the first Eugene and Lane County Farmers Market.

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