The New Redmond Hotel, a historic landmark in the heart of downtown Redmond, is undergoing an extensive rehabilitation that will be completed in summer 2019. The Georgian Revival hotel was built in 1928 and designed by Hugh Thompson, a prominent architect from Bend. The New Redmond was listed in the National Register in 1980 for its importance within the city of Redmond for its architectural significance and a gathering place for community members. Also in 1980, the owner donated a historic conservation easement to Restore Oregon to ensure that important aspects of the building’s exterior were protected in perpetuity. In 2017, Alpha Wave Investors, LLC acquired ownership of the New Redmond Hotel with plans to turn it into a hotel once again.
Alpha Waves Investors has experience rehabilitating historic hotels throughout the country. The New Redmond will be a boutique hotel with retail and commercial space on the ground floor. This building is a crucial element of downtown and will be active once again. The City of Redmond understands how important this building is to the vibrancy of downtown redevelopment. Through their urban renewal funds, they are providing a $749,000 loan to the project. The rehabilitation will be finished in two phases, the first being a restaurant and rooftop bar to be completed this year. The full renovation of the hotel rooms, as well as the lobby and first floor retail space, will be finished in the summer of 2019.
This project coincides with the recent listing of Redmond’s downtown district in the National Register of Historic Places. Historic preservation is key to any downtown revitalization and listing downtown Redmond in the National Register opens up opportunities for grants and historic tax credits to assist with rehabilitation of historic buildings. Since the New Redmond Hotel is listed in the National Register, Alpha Waves Investors can pursue historic tax credits to help offset the cost of the rehabilitation.
Restore Oregon is thrilled to see this landmark property rehabilitated to a thriving hotel once again and we applaud the City of Redmond’s efforts to ensure that rebirth of the New Redmond Hotel is only the first in a series of preservation successes. To learn more about the only tool in Oregon to protect a place perpetuity, visit the historic conservation easement program page.