401 Center Street Northeast - 401 Center Street Northeast, Salem, OR 97301

- Holds a unique location in downtown Salem and is located within an Opportunity Zone.. - Shadow anchored by Salem’s two remaining department stores (Macy’s and Kohl’s).. - Within walking distance of Oregon’s State Capital, multiple museums, the Wallace Sports Complex, and outdoor attractions like the popular Riverfront Park, which features a carousel and the Gerry Frank Amphitheater, Salem's premier downtown outdoor venue.. - Population growth of 11.1% within a 10-mile radius of Salem Center between the years of 2010 and 2020, compared to the national average rate of 7.4% increase.. - Two vacant anchor boxes sold with plans underway to redevelop into 162 units of multifamily (former Nordstrom) and a mixed-use commercial project (former JCPenney).. - Ongoing redevelopment projects include the 7-story Holman Hotel on Commercial St (opened June 2023), the Marquis post-acute rehabilitation facility, and a mixed-use, mixed-income housing development less than a half-mile from Salem Center called BLOCK 50.. - Available redevelopment subsidies that include a $750,000 grant per development project provided by the city’s Urban Renewal Agency, which is subject to increases per each proposal.. - 10-year tax exemption for additional housing units provided by the Urban Renewal District.