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TimberMill Shores Plans for Two Restaurants
This article was in Friday’s (Septmber 21st, 2018) Herald and News
Written By: Sean Bassinger, H&N Staff Reporter
Talks for two new restaurants coming to TimberMill Shores are in the works just one week after word that a hotel would also come to the site on the banks of Lake Ewauna.
Medford-based Rubicon Investments, operating locally as Klamath Holdings LLC, purchased four remaining lots from previous owners in June. The longtime vacant downtown Klamath Falls waterfront property has since gained traction for recent developments.
Out of those, lot No. 8 would be the location of the two new restaurants. The entire lot itself covers more than 53,000-square-feet and had an initial price tag of more than $427,000, according to the TimberMill Shores website.
One restaurant was described as a “breakfast and lunch” stop while the other would serve “lunch and dinner” meals. No further details could be released due to nondisclosure agreements, according to Justin Hurley Braswell, executive vice president and chief strategy officer at Rubicon Investments.
“It should be recognizable to most people,” he said of the new arrivals.
Hurley Braswell said that an economic study from the inquiring parties led to the decision of both arriving, adding that the number of employees who will be part of a new downtown Oregon Department of Human Services site nearby will help with business. The DHS facility — a $30 million, 90,000-square-foot center — is slated for completion in the summer of 2020.
“I think that’ll be a nice mix with the neighborhood,” Hurley Braswell said Wednesday.
Rubicon continues to work with the Klamath County Economic Development Association, which receives $50,000 from Klamath Falls and $250,000 from Klamath County annually. Hurley Braswell added that they had been “really helpful” since Rubicon came to Klamath Falls.
KCEDA aims to bring new businesses into the area with pay-to-play benefits for members and tax incentives through other outlets such as Oregon’s opportunity zones program.
Rick Abel, business development and retention manager at KCEDA, said there was a “very strong likelihood” that each of these projects would come to fruition in the next few years.
“I think we’re going to see more and more development there,” Abel said.
Rubicon also made announcements of a hotel property last week, which Hurley Braswell said would fill lot No. 7, a more than 107,000-square-foot site just across the street from the planned restaurants.
Similar nondisclosure agreements also kept Hurley Braswell from being able to name the hotel company, though previous reports describe it as “a national/global name brand/chain.”
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