Proposal by Glenwood Development, LLC. The 20-story hotel would be the tallest building in the Eugene-Springfield area.
Last Monday evening’s meeting of
the Springfield Economic Development Agency (SEDA) featured
presentations by two teams vying for the opportunity to develop a 9.5-acre
riverfront parcel in Glenwood brimming with potential. I joined the virtual
audience online to see the proposals, either of which holds the potential to trigger
a radical transformation of the metro area’s long-neglected, shabby backwater.
Even though I watched already knowing
a bit about both proposals,(1) I was still
blown away by the ambitious visions presented by the two team. Both contenders—Glenwood
Development, LLC, and LOCALIS Partners--propose massive projects. The
enormity of the proposed budgets and the projected paces of development are
likewise staggering: Glenwood Development, LLC estimates it would spend between
$311 million and $340 million, and complete all construction by January 1,
2025. LOCALIS anticipates spending roughly $400 million, executing its project
in three phases over an equally short period. In recent memory, few projects in
the Eugene-Springfield market have rivaled the magnitude of the two proposals,
with the possible exception of the Sacred Heart Medical Center at RiverBend.
Significantly, because Glenwood is an
IRS-sanctioned Opportunity Zone, both Glenwood Development, LLC and LOCALIS Partners anticipate extensive
backing from interested investors. Investment funds are attracted by the tax
benefits associated with moving capital to investments in an OZ. I can’t
profess to understand the mechanisms involved, but I believe one upshot is there
would be no burden upon local taxpayers associated with either proposal (i.e.
no commitment of public monies in the form of general obligation bonds to fund
the development). Indeed, any significant project within the OZ would generate considerable
new tax revenues for the City of Springfield, Lane County, and the Glenwood
Urban Renewal District well in excess of any waiver of systems development
charges or partial deferral of property taxes.
Due to the requirements of opportunity
zone investment (I think it has to do with what is called the “31-Month Working Capital Safe Harbor”), once the project’s funding is lined up it
must proceed expeditiously. So, this means if the funds are committed, we will see
whichever project SEDA favors take shape in very short order.
Glenwood Development, LLC building massing & program diagram
As the images here show, both
proposals are nothing if not audacious. At first blush, the design concept by Morphosis
Architects for the LOCALIS Partners team breaks the mold, whereas by comparison
the plans by LRS Architects for Glenwood Development, LLC appears conventional.
The way each scheme addresses the site context is likewise dichotomous: The
Morphosis approach is campus-like, while the LRS design seeks to kickstart a
desirable pattern of urban development between Franklin Boulevard and the river
by introducing walkable streets and blocks. Both development teams propose a
possible collaboration with Homes for Good to include a sizable complement of affordable or workforce
housing.
LOCALIS Partners proposal - View from the east. A new soccer stadium and a hockey arena are centerpieces of the proposed design.
LOCALIS Partners proposal - View looking north. The landscaped plinth conceals parking and commercial spaces below.
I’m not going to address the
specific design merits of either concept; instead, I’ll discuss my concern with
the scale of both. Fundamentally, is bigger better for Glenwood? My answer to
this question is a qualified “no.”
My unease with the size of the
proposals stems from my long-held preference for piecemeal or incremental
growth. As I wrote way back in 2012 upon the unveiling of the overly large 13th & Olive student
housing project by Capstone Development Partners in downtown Eugene, the
benefit of piecemeal or incremental growth is that it allows for fine-grained
adjustments over time. Development in smaller increments is less likely to result
in undesirable outcomes. I argued that an effective process for improving our
urban environments has been trial and error. Minor missteps provide feedback
useful for recalibrating future choices. Small errors are relatively easy and
inexpensive to correct. Bigger, coarser mistakes are far less so. Unfortunately,
the Capstone project stands today as an example of a big, crude blunder.
An immense project built within a
short timeframe also risks being unremittingly sterile. Inevitably, it will lack
the richness, patina, and variety characteristic of a series of unrelated
developments that evolved organically over many years. Some architects ill-advisedly
attempt to compensate by generating an illusion of natural complexity; however,
the results inevitably appear disingenuous and artificial.
LOCALIS Partners - Site Plan; the red rectangle is the proposed new soccer stadium.
Don’t get me wrong; I applaud the
City of Springfield and the two proposing teams for their faith in Glenwood’s
potential. And based on the little I know I do believe the Opportunity Zone investment
program presents the most practical and realistic means to spark development.
Glenwood has laid fallow for far too long. The time is right; accordingly, I do
want to see one of the two proposals proceed because the alternative is too
likely to be a continuation of Glenwood’s decades-long torpor. Sometimes
incrementalism isn’t the best course. The clear prescription in some instances
is catalytic change, a dramatic challenge to the status quo. Beneficial evolution
in nature doesn’t always progress in a linear fashion; sometimes it surges
forward.
SEDA meets again on April 26 to
deliberate and select between the Glenwood Development, LLC and LOCALIS
Partners proposals. I’ll be tuning in to see which team SEDA rewards with
the privilege and responsibility to unleash Glenwood’s substantial potential.
(1) The Eugene Emeralds withdrew their
expression of interest and did not submit a formal proposal for consideration
by SEDA.