For the past 18 years, Roy Kim, owner of commercial real estate developer RKm Development, has created a variety of mixed-use suburban neighborhoods in the Portland area. His success has been predicated on his philosophy of emphasizing community and diversity in his projects.
When Port of Camas-Washougal chief executive officer David Ripp and port commissioners John Spencer, Larry Keister and Bill Ward toured Bethany Village, one of RKm Development’s sites in Portland, earlier this month, Kim relayed an anecdote that made them feel comfortable about the prospect of RKm developing the port’s waterfront land.
“Roy mentioned how (he) leased out both the recreation center and the adult home and wasn’t satisfied with the way they were being run and how they were fitting into the community, so (he) took the lease back and ran it (himself),” Spencer said at Monday’s port meeting. “That said a lot to me just about how much (he) cares about the community aspect of this.”
At Monday’s meeting, Kim presented his qualifications for developing the port’s property, credentials that include comparable projects in Oregon, including developments in northwest Portland, Beaverton and Gresham.
After the presentation, the commissioners gave Ripp their consent for the port to enter into an exclusive negotiating agreement, which would preclude a memorandum of understanding and finally a formal development contract.