First on Broadway has 16 luxury apartments and ground floor commercial space in the heart of downtown on the northwest corner of Broadway and Willamette Street. The revitalized building was primarily vacant for many years and previously had commercial and non-profit businesses tenants.
This public-private partnership included:
The Downtown Urban Renewal Agency provided gap financing for acquisition and construction, which has been repaid in full;
The City of Eugene approved a Multi-unit Property Tax Exemption (MUPTE) with Resolution 5053 amended with Resolution 5115.
Additionally, several of the commercial tenants received gap financing from the Downtown Urban Renewal District including Bijou Metro and First National Tap House.