Land Acquisition – Dallas, Oregon

Tokola Properties, President, Dwight Unti, announced the acquisition of a 10-acre parcel of land in Dallas, Oregon, for future development of a 204-unit multifamily housing development.

Located along James Howe Road and across the street from a new single family housing subdivision, the land is situated in the path of growth yet retains a desirable low density, rural feel with views of the surrounding countryside including vineyards. Annexation to the City of Dallas and a slight modification in its zoning will be required as a pre-requisite to development.

Tokola Properties, Vice President of Property Management, Tracy Taylor, expressed excitement about the Dallas community stating, “There is a growing trend of people exiting the high density, urban environment of larger cities to seek a more authentic, small town living environment. Advances in technology have made this possible, allowing individuals to work from home and to live where they desire. The City of Dallas with its’ small-town charm, strong sense of community, quality schools, and abundant public parks speaks directly to this population, and we believe demand for a quality multifamily community in Dallas will be very strong.”

Tokola Properties is targeting the summer of 2025 to commence construction.