Edgewater West Salem

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Reference · Third-Party Study

The ULI
Salem TAP

An independent 2022 panel on redeveloping the West Salem industrial district - the ideas we are carrying forward, and where our plan goes further.

ULI Northwest · Technical Assistance Panel · July 2022
How We Use It

Independent evidence, not our plan of record

In July 2022, at the City of Salem's request, ULI Northwest convened a Technical Assistance Panel - a volunteer team of real estate and land-use experts - to advise on converting the roughly 40-acre West Salem industrial study area to mixed-use. It is a thoughtful, independent read of the site, and we share it with stakeholders because its best ideas are genuinely useful. We treat it as a reference and a conversation-starter, not as our plan of record: we carry much of its placemaking and connectivity thinking forward, and we deliberately go further than it does on parking, density, and mobility, because the options available to a district like ours have changed since 2022.

What the panel studied

A ~40-acre transitioning industrial site in the West Salem Urban Renewal Area, two blocks from the Willamette and across the river from downtown, bounded by Wallace Road. The city rezoned it from industrial to mixed-use in August 2022. The panel addressed a southern "detailed focus area" (mostly vacant, ready to redevelop) and a northern "high-level concept area" of active industry.

Read the full report

This page is our summary and commentary. The complete panel report, figures, and panelist roster are published by ULI Northwest. West Salem Industrial Redevelopment TAP →

Best Ideas

What we are carrying forward

The panel's strongest contributions are about identity, focus, and sequence - and they line up closely with how we are approaching the district. These are the ideas worth keeping in front of every stakeholder.

Lead with heritage identity

Build the neighborhood's character from the site's food-and-agriculture past - hops, fruit, dairy, wool, and Oregon wine. Breweries, cheese makers, bakeries, maker incubators, artist live-work, stages, and festivals in the old warehouses give it an identity worth investing in.

Focus on the 100% corners

Concentrate early energy at 2nd & Patterson and Patterson & Edgewater - the corners with the most potential - and connect them to the existing activity hubs at Roth's and historic Edgewater Street with five-minute walking loops.

Parks and plazas drive placemaking

Make room for open space first: a 2nd Street triangle park (which can also handle district stormwater), open space along Patterson for dining and retail, and a Patterson-Edgewater plaza anchoring a walking loop to Wallace Marine Park.

Sequence: start simple, prove the market

Begin with what banks will finance, save the best corners for when the market is ready, and let each success unlock the next. Adaptive reuse along Edgewater Street is the natural starting point.

Let existing industry stay - for now

The active uses north of Bassett (a power plant, West Salem Machinery, food processors) are quiet, daytime, and provide valued jobs. They can continue and transition over time rather than being forced out.

Celebrate the river and topography

The river is the district's crown jewel and the flatland-below-the-bluffs is a distinct place within Salem. Every connection that makes the river and parks easier to reach on foot or bike adds value.

The Connectivity Blueprint

Solving the Wallace Road problem

The panel's most actionable work is its read of the connectivity bottleneck - and it maps almost perfectly onto the mobility challenge our own plan is built around. These are the moves it identified.

An at-grade crossing at Bassett

A 2nd Street crossing was studied and rejected - an underpass at ~$30M was too costly, and ODOT will not signalize there because it sits too close to the bridge. The panel's answer is a signalized at-grade crossing at Bassett Street, further from the bridge, extended east to Glen Creek Road and west to Patterson.

New north-south relievers

Continue Taggart Drive straight south instead of curving back to Wallace, and extend Bartell Drive south through the new Bassett to the waterfront at Musgrave - taking congestion off Wallace and vastly improving the connection to Wallace Marine Park.

A signature pedestrian bridge

Extend the Union Street Rail path over Wallace Road - echoing its old trestle architecture - to land at the 2nd Street triangle park. Long-term, a bike-and-pedestrian bridge over the river to Minto-Brown Island Park would close a spectacular riverside loop.

Tame Highway 22

In the mid-term, slow SR-22 to a boulevard on the west bank as it already is downtown; long-term, regional thinking about goods movement could rethink the highway's riverside route entirely, reopening the west bank to the river.

A bluff-edge boulevard

A tree-lined boulevard along the steep slope between the flatlands and the hills could circle the neighborhood and, eventually, divert through-traffic off Edgewater so it can become a slower destination street.

Our read

Every one of these confirms the same thing our plan starts from: West Salem's value is locked behind a movement problem. We add a faster-than-car circulator that can leap Wallace, SR-22, and the river without waiting on each at-grade fight. See Salem Mobility Concepts.

The Incentives Toolkit

Public tools the panel endorsed

Industrial-to-urban conversion is hard and costs run high, so the panel catalogued the public tools that can help it pencil. This list is a useful checklist for our own conversations with the city and is echoed in our financing work.

  • Vertical Housing Tax Zone, to make upper residential floors feasible
  • Systems Development Charge (SDC) buydowns, treated as property-tax loans over time
  • Tenant Improvement grants, tenant by tenant
  • Pre-development grants for design and feasibility
  • Expand the URA Redevelopment Grant (today capped at 20% / $300K) for catalytic corners
  • A District Stormwater Plan with infrastructure funding
  • A District Traffic, Circulation, and Parking Study
  • Infrastructure Investment and Jobs Act funding for the Wallace Road bottleneck
  • Anti-displacement measures: home-repair loans, rental preservation, land trusts

Several of these map directly to levers in our Upside Explorer and to the subsidy stack in our underwriting.

Where Our Plan Goes Further

Honest differences

We do not treat the TAP as gospel, and a few of its premises are ones we are deliberately challenging. These are differences of ambition and of timing - the panel wrote in 2022 for the city at large, while we are designing a single, mobility-anchored district - not criticisms of its rigor.

Parking & car-dependency

The panel: assumes surface parking at 1.2-1.5 stalls per unit, finds structured parking infeasible, and cautions that walkability will not solve everything.

Our plan: treats mobility as the lever that breaks that assumption. A Whoosh circulator, Cherriots integration, and active mobility are designed to lower parking demand, make shared and structured parking pencil, and convert avoided parking into land value.

Density & ambition

The panel: recommends starting with low-density townhomes and capping density to ease opposition and transit limits - a ~400-unit, ~7% return-on-cost "suburban" scheme.

Our plan: pursues a more ambitious, attainable density at district scale, betting that placemaking, a dedicated delivery vehicle, and real mobility change both the absorption math and the politics of density.

Trolley vs. circulator

The panel: notes a trolley line "discussed for some time" as one more transit scheme to study for funding and viability.

Our plan: moves past the trolley to a faster-than-car aerial circulator that clears Wallace, SR-22, and the river without an at-grade fight - and that can be incubated alongside the companies building it.

Net: we lean on the TAP for its identity, activity-hub, connectivity, and incentive thinking, and we depart from its parking-and-density baseline because newer mobility options let the district aim higher.
The Numbers

What the panel modeled

For reference, the figures the panel itself put forward in 2022. These are ULI's illustrative numbers for a generic, fundable scheme - useful context, but not our underwriting, which is in our Upside Explorer.

ItemULI TAP figure (2022)
Study area~40 acres; rezoned industrial to mixed-use, Aug 2022
Residential scheme~400 units (10% studio, 40% 1BR, 35% 2BR, 10% 3BR, 5% townhome)
Residential value / cost~$135.1M value · ~$126.8M cost · ~7% return-on-cost
Office & retail~108,900 SF; office return-on-cost ~5%, adaptive reuse ~7%
Total estimated value~$160M across residential, office, and retail
Parking~300 stalls; 1.2-1.5 per unit; surface, not structured
2nd StreetReopening engineered; rebuild expected late 2024
URA grant program20% match, $300K max (panel urged raising it)

Source: ULI Northwest, West Salem Industrial Redevelopment Technical Assistance Panel Report, July 2022. Figures are the panel's illustrative estimates and differ from our current program and underwriting.

Use the evidence

Good ideas,
carried further.

Read the full ULI report, then see how it informs our Activation Plan and Salem Mobility Concepts.