Urban Redevelopment – Public/Private Partnerships
Dina has represented a number of clients in the acquisition and redevelopment of urban properties that involve public/private partnerships and complex development agreements. She is currently working on several public/private partnership transactions throughout the state.
Dina represented a developer in the acquisition of property and development of a new Residence Inn by Marriott, which became the first hotel in The Pearl District when completed in 2014. The $50 million project was subject to a development agreement with the Portland Development Commission, now Prosper Portland. She represented the same client in the acquisition and development of a 9-story office tower adjacent to the hotel project, which was subject to the same long-term development agreement with Prosper.
Dina assisted ZRZ Realty in an attempted public/private partnership to redevelop 33 acres of urban waterfront property known as Zidell Yards, one of the largest undeveloped sites in Portland’s urban core. Dina also played a key role in assisting the developers of the adjacent Central District of the South Waterfront, which has seen more than $2 billion in redevelopment, including high rise condominiums, apartments, open space, and the expansion of Oregon Health & Science University’s campus.
Dina also represented Evergreen Development with a highly contested public/private partnership to redevelop an entire city block in the heart of downtown Lake Oswego, Oregon. The former Wizer Block is now a vibrant mixed-use urban project including 200 residences, underground parking, and more than 40,000 square feet of retail and commercial space. Dina drafted and negotiated the development agreement, which was unanimously approved by the City of Lake Oswego Redevelopment Agency.