$60M Expansion Of 5th Street Public Market Unveiled

KLCC | By Brian Bull

Published March 9, 2018 at 3:41 PM PST

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Obie Companies VP Casey Barrett displays a rendering of the planned expansion.

Brian Bull / KLCC

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Overview map of planned expansion.

Obie Companies

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Schematic showing current site.

Obie Companies

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Schematic showing site with new development.

Obie Companies

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Schematic showing facilities planned for expansion.

Obie Companies

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Schematic of new facilities

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Schematic of glass-covered walking area

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Brian Obie, President of Obie Companies

Brian Bull / KLCC

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Casey Barrett, VP of Obie Companies

Brian Bull / KLCC

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Schematic of Gordon Hotel

Obie Companies

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Homes for Good workforce housing schematic

Obie Companies

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Homes for Good's Jacob Fox

Brian Bull / KLCC

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Lane Co. Bd of Commissioners Chair Jay Bozievich (left) with 4-legged friend, and Brian Obie (right)

Brian Bull / KLCC

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The parking lot where today's press conference was held will soon be transformed into a $60M complex.

Brian Bull / KLCC

Downtown Eugene will see a $60 million development begin this year. Today, developers and partners unveiled an expansion of the 5^th Street Public Market, that’ll replace a parking lot. KLCC’s Brian Bull reports.

The project consists of an 82-room boutique hotel, a 113-unit apartment building, and a three-story retail and office complex. It’ll be built on land owned by Lane County, and leased to Obie Companies.

Casey Barrett of Obie Companies, detailing the planned expansion at today's press conference.

Its Vice-President, Casey Barrett, says the development means more economic growth for the region.

“Right now the 5^th Street Public Market brings in over a million and a half people a year," says Barrett.

"And we’re effectively doubling the size of the market with this expansion. So we wouldn’t be surprised if we’d be able to see a double in the number of people that we’re bringing down. Which would be incredible.

Schematic for the planned expansion, set to break ground later in 2018.

"Obviously that’s why we also need to create a larger regional draw, so we can pull more from the communities surrounding, the Florences, the Roseburgs, the Albanys, and create more of a destination in downtown Eugene.”

The Gordon Hotel, named for Gordon Obie, is part of the expansion.

Groundbreaking is expected to happen later this year. The goal is to have everything built and open for business in 2021, in time for the World Track and Field Championships.