Six story redevelopment considered in downtown

A downtown building could be replaced with a six story structure.

Posted: Nov 22, 2017 8:49 PM
Updated: Nov 22, 2017 8:52 PM

EUGENE, Ore. -- A downtown building could be replaced with a six story structure.
The building sits across the street from the Lane County Courthouse and is home to court reporting, law offices, and Charles Schwab Stock Brokerage.

If approved, city documents show their lower levels would be used for commercial use and the upper floors for residential purposes.
Steve Yetts is the investor behind the project. KEZI 9 News reached out to him for an interview, but he was not reached. Robertson Sherwood is the architect behind the project and he they also declined to comment on the new development.

Some neighboring businesses think the redevelopment will draw more people to downtown, but other residents have mixed feelings.
Owner of Full City Cafe and The Palace Bakery, Michael Phinney, said he thinks the downtown area needs more positive development by private business.

"If you are a private investor in an enterprise, you will definitely have more investment in the project than if you just think it's a good idea that it could be funded someway that is not directly related to your income," Phinney said.

Cathy Seltzer is a resident of Eugene. She said she thinks the development will beneficial for the downtown business sector and agrees that the housing aspect would be a great addition.

However, Seltzer said she hopes the cost of housing still is affordable.

"People would like to build kind of for higher rent, but that kind of bothers me," Seltzer said. "I really do appreciate efforts to create housing that lower income people can afford."

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