The Port of Portland Commission recently agreed to engage with Specht Development Inc. and Colas Development Group on a Master Development Agreement that would market, develop and attract businesses and more jobs to Gresham, with an eye toward diversity.
“We want this development project to not just bring more quality jobs to East Multnomah County, but to attract businesses that provide stability and career growth so people in the region can support themselves and their families,” said Keith Leavitt, chief commercial officer at the port. “We are grateful we found committed partners who have the background and expertise to help us accomplish this.”
The agreement focuses on marketing and developing the 48 acre-Gresham Vista Lot 5, one of the remaining large lots undeveloped among the port’s properties, as a manufacturing-focused business park.
“We are pleased and excited to partner with Colas, the Port of Portland, the City of Gresham, and our extended project team, to pursue development projects on the 48-acre Lot 5 site in the Gresham Vista Business Park,” said Gregory Specht, president and founder of Specht Development. “This unique partnership allows Colas the opportunity to pursue larger-scale industrial real estate developments and another opportunity for Specht to create a significant number of Quality Jobs while also meeting much needed DEI goals.”