A Waterfront evelopment Opportunity in Oregon’s … Waterfront evelopment Opportunity in Oregon’s City of Sunshine. Oregon’s newest mixed use development. Conveniently located

A Waterfront Development Opportunity in Oregon’s City of Sunshine.Oregon’s newest mixed use development. Conveniently located in downtown Klamath Falls along the shoresof scenic Lake Ewauna.

Best Time to Invest in Klamath Falls.

Klamath Falls has steadily welcomed a diversification of industries and is undergoing an expansion of some of its most prized job-generating entities. This population growth and diversification of professions will require housing and amenities that aren’t currently abundant in Klamath Falls such as waterfront apartments and condominiums located by restaurants and recreation.

Oregon Tech is a Hot Bed of Renewables: Oregon Institute of Technology (Oregon Tech) expects to increase enrollment by approximately 2,000 students over the next 10 years. Oregon Tech boasts a 90 percent graduate success rate, and is ranked 38th out of 1,058 universities for graduates’ average starting salaries. In addition to sought-after engineering and medical imaging degrees, Oregon Tech offers bachelor degrees in renewable energy and houses the Geo-Heat Center, a national resource for geothermal development. Oregon Tech conducts research on a variety of renewables including solar, wind, biomass and geo-heat. OIT’s Klamath Falls campus is the only geothermally heated university campus in the U.S.

Increase in Health Care Professionals in 2013 Oregon Health & Science University chose Klamath Falls for a new satellite campus, which in 2014 will become the central base of operations for OHSU’s rapidly expanding rural medicine program. OHSU already has a notable presence in Klamath Falls through partnerships with Oregon Tech for Nursing and Sky Lakes for resident physicians, but the OHSU Rural Campus will house a dean, faculty and administrative staff, and will include a full spectrum of medical professions.

The Air National Guard is home to The 173rd Fighter Wing, comprised of several groups and hosts a tenant unit, the 270th Air Traffic Control Squadron. These units are instrumental in accomplishing the 173rd Fighter Wing’s mission, training the most superior air-to-air combat pilots in the world. Currently, the base has direct personnel of approximately 900 people and another 100 or more contracted employees. The base adds about $118 Million dollars to the local economy and unlike many bases around the world, this base is currently expanding in size.

Much More is happening in Klamath County. To read more information, county facts and view videos, go to www.klamathcommunity.com.

Allison York, Principal BrokerWindermere Real Estate

(p) 541-885-4400 (c) 541-331-0060(e) [email protected]

Greg L. Herbert, CCIM SIORSperry Van Ness Commercial AdvisorsEugene, OR 97401(e) [email protected] (p) 541.912.3232

Endless possibilities, Developers welcome An unparalleled opportunity to develop

waterfront property within the Central Business District. This vacant 25 acre parcel has great

traffic exposure off of 5th Street, the main arterial connection from downtown to South 6th Street.

Phase 2 is zoned mixed-use which provides the highest degree of development flexibility.

Additionally, Phase 2 is included in the Lakefront Urban Renewal District. All qualified

infrastructure improvements are eligible for reimbursements for up to nearly 7.5 million dollars.

Contact us for further information and pricing.

Phase 2

Sp

ring

Stre

et

The Waterways of Klamath Falls, Oregon have a rich and productive history in timber, ranching

and farming. Today, a new opportunity blooms along the sunny shores of Lake Ewauna—TimberMill

Shores, a 50 acre mixed-use development with lots for sale and development.

Once home to a sawmill owned and operated by the Shaw family, this redeveloped waterfront acreage is

located within the central business district and just two blocks from Main Street. Although the boom-

time for Pacific Northwest wood products has waned, the Klamath Basin now enjoys a more diversified

economic base with recent expansions in renewable energy technology, health care facilities, higher

education, championship golf courses and expanding military air base operations.

Mixed-Use developments capitalize on the “Live-Work-Play” environment and TimberMill Shores

is no exception with its pedestrian-friendly integration of retail, office, residential, hotel, recreation

and other functions. Developers have remarkable flexibility with this zoning. Mixed-used fosters the

vision and ideas to capture a “Live-Work-Play” environment with many amenities and an integrated

architectural expression.

TimberMill Shores is a unique 50 acre opportunity, perfect for waterfront fine dining, upscale

shopping, professional office suites, waterfront condos and specialty grocery.

A Timber Town Transformation.

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5th Street

PROPOSED PHASE 2SITE PLAN

www.timbermillshores.com




Lot Sq. Ft. Price/Sq. Ft. Proposed Use

1 SOLD Expanded Veteran’s Park

2 75,715 SOLD Oxford Suites


4 52,891 SOLD Aspen Title

5 104,059 SOLD Washington Federal

6 110,449 SOLD Private Developer

7 107,464 $9.25 $994,042

8 53,494 $8.00 $427,952


9 64,102 SOLD Mix-use

10 41,003 $8.00 $328,024

11 37,593 SOLD Medical/Mix-use



14 44,330 $8.25 $365,722

A 28,389 $8.00 $227,112

TIMBERMILL SHORESPHASE 1

Premier Downtown Waterfront.

Dedicated Greenbelt The public walkways encircling Lake Ewauna will include amenities such as

bicycle and pedestrian paths stretching for miles, highlighted with benches and works of art. This

greenbelt, along with pedestrian plazas and parks, will invite residents and visitors to stop and shop while

enjoying incredible lake and mountain views. The TimberMill Shores walkway will connect to historic

Veteran’s Park and the Lake Ewauna Trail. This is part of a future trail system that will extend around the

shores of Upper Klamath Lake, continuing to the western end of the OC&E Trail, then connecting with the

Lake Ewauna Trail to complete a circle including the Link River and Moore Park Trails.

Not your average development opportunity TimberMill Shores is a once in a lifetime

opportunity to forever change Klamath Falls and the surrounding region that serves it. Beyond the

typical development offerings found elsewhere, TimberMill Shores is truly unique and an unparalleled

investment opportunity.

Geothermal Heat

An extensive Geothermal

system is already established

for this entire development.

Geothermal heat is already

heating TimberMill Shores

existing sidewalks and neigh-

boring Veteran’s Memorial

Park. This unique resource

provides low cost heat for

buildings and is an efficient

method for keeping side-

walks clear of ice and snow.

Urban Renewal

A developer has the potential

to recoup a considerable

amount of infrastructure

capital expenses through

the approved Urban

Renewal District (URD). To

spur development, nearly

$7 Million is available for

qualified improvements. This

translates into a tremendous

reimbursement opportunity

for a larger developer.

Favorable Tax Rates

Oregon has considerably

lower state and local tax rates

compared to neighboring

California. Additionally,

Klamath Falls draws

purchasers from three

counties and two states, not

only because Klamath Falls

is larger than all towns in a

60-mile radius, but because

Oregon has no sales tax.


• Seattle

Portland

• BendEugene •

•

San Francisco •

• Los Angeles

WASHINGTON

OREGON

CALIFORNIA

IDAHO

DISTANCE TO KLAMATH FALLSASHLAND - 64 MILESBEND - 137 MILESBOISE - 421 MILESEUGENE - 173 MILESLOS ANGELES - 683 MILESPORTLAND - 279 MILESRENO - 253 MILESSACRAMENTO - 299 MILESSAN FRANCISCO - 354 MILESSEATTLE - 451 MILESWEED - 71 MILES

Medford•

•

NEVADA• Reno

• Sacramento

Arno

Arno

• Klamath Falls

Mt. Shasta

Redding

•

•

Ashland•

Premier Waterfront Location.

Easily Accessible Highly Visible U.S. Route 97 allows easy access to TimberMill Shores for north and south bound travel-ers (coming from Bend, Medford, Redding and San Francisco areas) using convenient City Center on and off ramps. This well maintained highway is the primary corridor east of the Cascade Mountain Range connecting Northern California to Oregon and Washington. Timber-Mill Shores will attract travelers and locals alike as they see shopping and services artistically situated among plazas and walkways.

TimberMill Shores mixed use community

consists of approximately 50 acres. Phase 1 lies

adjacent to the now vibrant downtown, the newer

Klamath County Court House/Government Center

and Klamath County Library. Additionally, Phase 1

is improved with landscaped streets, geothermally

heated sidewalks, fiber optics, geothermal building

heat and other common utilities. Phase 2 consists of

approximately 25 undeveloped acres that also contain

lakefront opportunities, and exposure from the busy

5th Street corridor that connects downtown to the

outlying areas of Klamath Falls.

Phase 2

Phase 1


KLAMAT

H AVENUE

NORTH 5TH STREET

TIMBERM

ILL D

RIVE

• Seattle

Portland

• BendEugene •

•

San Francisco •

• Los Angeles

WASHINGTON

OREGON

CALIFORNIA

IDAHO

DISTANCE TO KLAMATH FALLSASHLAND - 64 MILESBEND - 137 MILESBOISE - 421 MILESEUGENE - 173 MILESLOS ANGELES - 683 MILESPORTLAND - 279 MILESRENO - 253 MILESSACRAMENTO - 299 MILESSAN FRANCISCO - 354 MILESSEATTLE - 451 MILESWEED - 71 MILES

Medford•

•

NEVADA• Reno

• Sacramento

Arno

Arno

• Klamath Falls

Mt. Shasta

Redding

•

•

Ashland•

Premier Waterfront Location.

Easily Accessible Highly Visible U.S. Route 97 allows easy access to TimberMill Shores for north and south bound travel-ers (coming from Bend, Medford, Redding and San Francisco areas) using convenient City Center on and off ramps. This well maintained highway is the primary corridor east of the Cascade Mountain Range connecting Northern California to Oregon and Washington. Timber-Mill Shores will attract travelers and locals alike as they see shopping and services artistically situated among plazas and walkways.

TimberMill Shores mixed use community

consists of approximately 50 acres. Phase 1 lies

adjacent to the now vibrant downtown, the newer

Klamath County Court House/Government Center

and Klamath County Library. Additionally, Phase 1

is improved with landscaped streets, geothermally

heated sidewalks, fiber optics, geothermal building

heat and other common utilities. Phase 2 consists of

approximately 25 undeveloped acres that also contain

lakefront opportunities, and exposure from the busy

5th Street corridor that connects downtown to the

outlying areas of Klamath Falls.

Phase 2

Phase 1


KLAMAT

H AVENUE

NORTH 5TH STREET

TIMBERM

ILL D

RIVE


1 SOLD Expanded Veteran’s Park



4 52,891 SOLD Aspen Title

5 104,059 SOLD Washington Federal

6 110,449 SOLD Private Developer

7 107,464 $9.25 $994,042

8 53,494 $8.00 $427,952



10 41,003 $8.00 $328,024

11 37,593 SOLD Medical/Mix-use



14 44,330 $8.25 $365,722

A 28,389 $8.00 $227,112

TIMBERMILL SHORESPHASE 1

Premier Downtown Waterfront.

Dedicated Greenbelt The public walkways encircling Lake Ewauna will include amenities such as

bicycle and pedestrian paths stretching for miles, highlighted with benches and works of art. This

greenbelt, along with pedestrian plazas and parks, will invite residents and visitors to stop and shop while

enjoying incredible lake and mountain views. The TimberMill Shores walkway will connect to historic

Veteran’s Park and the Lake Ewauna Trail. This is part of a future trail system that will extend around the

shores of Upper Klamath Lake, continuing to the western end of the OC&E Trail, then connecting with the

Lake Ewauna Trail to complete a circle including the Link River and Moore Park Trails.

Not your average development opportunity TimberMill Shores is a once in a lifetime

opportunity to forever change Klamath Falls and the surrounding region that serves it. Beyond the

typical development offerings found elsewhere, TimberMill Shores is truly unique and an unparalleled

investment opportunity.

Geothermal Heat

An extensive Geothermal

system is already established

for this entire development.

Geothermal heat is already

heating TimberMill Shores

existing sidewalks and neigh-

boring Veteran’s Memorial

Park. This unique resource

provides low cost heat for

buildings and is an efficient

method for keeping side-

walks clear of ice and snow.

Urban Renewal

A developer has the potential

to recoup a considerable

amount of infrastructure

capital expenses through

the approved Urban

Renewal District (URD). To

spur development, nearly

$7 Million is available for

qualified improvements. This

translates into a tremendous

reimbursement opportunity

for a larger developer.

Favorable Tax Rates

Oregon has considerably

lower state and local tax rates

compared to neighboring

California. Additionally,

Klamath Falls draws

purchasers from three

counties and two states, not

only because Klamath Falls

is larger than all towns in a

60-mile radius, but because

Oregon has no sales tax.


Endless possibilities, Developers welcome An unparalleled opportunity to develop

waterfront property within the Central Business District. This vacant 25 acre parcel has great

traffic exposure off of 5th Street, the main arterial connection from downtown to South 6th Street.

Phase 2 is zoned mixed-use which provides the highest degree of development flexibility.

Additionally, Phase 2 is included in the Lakefront Urban Renewal District. All qualified

infrastructure improvements are eligible for reimbursements for up to nearly 7.5 million dollars.

Contact us for further information and pricing.

Phase 2

Sp

ring

Stre

et

The Waterways of Klamath Falls, Oregon have a rich and productive history in timber, ranching

and farming. Today, a new opportunity blooms along the sunny shores of Lake Ewauna—TimberMill

Shores, a 50 acre mixed-use development with lots for sale and development.

Once home to a sawmill owned and operated by the Shaw family, this redeveloped waterfront acreage is

located within the central business district and just two blocks from Main Street. Although the boom-

time for Pacific Northwest wood products has waned, the Klamath Basin now enjoys a more diversified

economic base with recent expansions in renewable energy technology, health care facilities, higher

education, championship golf courses and expanding military air base operations.

Mixed-Use developments capitalize on the “Live-Work-Play” environment and TimberMill Shores

is no exception with its pedestrian-friendly integration of retail, office, residential, hotel, recreation

and other functions. Developers have remarkable flexibility with this zoning. Mixed-used fosters the

vision and ideas to capture a “Live-Work-Play” environment with many amenities and an integrated

architectural expression.

TimberMill Shores is a unique 50 acre opportunity, perfect for waterfront fine dining, upscale

shopping, professional office suites, waterfront condos and specialty grocery.

A Timber Town Transformation.

Phot

o co

urte

sy o

f Kla

mat

h C

ount

y M

eusu

em.

Phot

o co

urte

sy o

f Kla

mat

h C

ount

y M

eusu

em.

5th Street

PROPOSED PHASE 2SITE PLAN





A Waterfront Development Opportunity in Oregon’s City of Sunshine.Oregon’s newest mixed use development. Conveniently located in downtown Klamath Falls along the shoresof scenic Lake Ewauna.

Best Time to Invest in Klamath Falls.

Klamath Falls has steadily welcomed a diversification of industries and is undergoing an expansion of some of its most prized job-generating entities. This population growth and diversification of professions will require housing and amenities that aren’t currently abundant in Klamath Falls such as waterfront apartments and condominiums located by restaurants and recreation.

Oregon Tech is a Hot Bed of Renewables: Oregon Institute of Technology (Oregon Tech) expects to increase enrollment by approximately 2,000 students over the next 10 years. Oregon Tech boasts a 90 percent graduate success rate, and is ranked 38th out of 1,058 universities for graduates’ average starting salaries. In addition to sought-after engineering and medical imaging degrees, Oregon Tech offers bachelor degrees in renewable energy and houses the Geo-Heat Center, a national resource for geothermal development. Oregon Tech conducts research on a variety of renewables including solar, wind, biomass and geo-heat. OIT’s Klamath Falls campus is the only geothermally heated university campus in the U.S.

Increase in Health Care Professionals in 2013 Oregon Health & Science University chose Klamath Falls for a new satellite campus, which in 2014 will become the central base of operations for OHSU’s rapidly expanding rural medicine program. OHSU already has a notable presence in Klamath Falls through partnerships with Oregon Tech for Nursing and Sky Lakes for resident physicians, but the OHSU Rural Campus will house a dean, faculty and administrative staff, and will include a full spectrum of medical professions.

The Air National Guard is home to The 173rd Fighter Wing, comprised of several groups and hosts a tenant unit, the 270th Air Traffic Control Squadron. These units are instrumental in accomplishing the 173rd Fighter Wing’s mission, training the most superior air-to-air combat pilots in the world. Currently, the base has direct personnel of approximately 900 people and another 100 or more contracted employees. The base adds about $118 Million dollars to the local economy and unlike many bases around the world, this base is currently expanding in size.

Much More is happening in Klamath County. To read more information, county facts and view videos, go to www.klamathcommunity.com.




A Waterfront evelopment Opportunity in Oregon’s … Waterfront evelopment Opportunity in Oregon’s City of Sunshine. Oregon’s newest mixed use development. Conveniently located

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