The City of Beaverton is in negotiations to sell the City-owned Book Corner Bookstore site, located at 12470 SW 5th Street, to a private party so that it may be combined with an adjacent parcel for development of a new mixed-use multi-family rental project. The proposal includes 31 one- and two-bedroom rental units, between one and three live-work units on the ground floor, and at least four affordable units, two affordable at up to 60% median family income and two affordable at up to 80% median family income. Current plans show parking located to the south of the building, with a parking ratio of one parking space/unit.
The proceeds from the site’s sale would pay for remodeling the Beaverton City Library to incorporate the Book Corner Bookstore retail and intake functions.
The project will go before the city council on September 7, 2021. The staff report, resolution and disposition and development agreement will be available for public review here: Agendas & Minutes, usually available the Thursday prior to a meeting.